biography
| sex:
| male
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| lived:
| (1923–2000)
|
| biography:
| Economist, born in Boston, Massachusetts, USA. With Franco Modigliani, he established the controversial ‘Modigliani-Miller theorems’ which applied economic theory to the field of finance. The theorems assert that under perfect competition both the market value of a firm and the cost of capital to the firm are independent of its debt-equity ratio as well as its dividend-payout ratio. He was on the faculty of the University of Chicago (from 1965). |
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