Обобщение Теории Модильяни-Миллера: Миф И Реальность // Generalization Of The Modigliani-Miller Theory: Myth And Reality
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Myers, Stewart C, 1974. "Interactions of Corporate Financing and Investment Decisions-Implications for Capital Budgeting," Journal of Finance, American Finance Association, vol. 29(1), pages 1-25, March.
- Robert S. Harris & John J. Pringle, 1985. "Risk-Adjusted Discount Rates-Extensions From The Average-Risk Case," Journal of Financial Research, Southern Finance Association;Southwestern Finance Association, vol. 8(3), pages 237-244, September.
- Tham, Joseph & Velez-Pareja, Ignacio, 2004. "Principles of Cash Flow Valuation," Elsevier Monographs, Elsevier, edition 1, number 9780126860405.
- Miles, James A & Ezzell, John R, 1985. "Reformulating Tax Shield Valuation: A Note," Journal of Finance, American Finance Association, vol. 40(5), pages 1485-1492, December.
- Peter Brusov & Tatiana Filatova & Mukhadin Eskindarov & Pavel Brusov & Natali Orehova & Anastasia Brusova, 2012. "Influence of debt financing on the effectiveness of the finite duration investment project," Applied Financial Economics, Taylor & Francis Journals, vol. 22(13), pages 1043-1052, July.
- Fernandez, Pablo, 2002. "Valuation Methods and Shareholder Value Creation," Elsevier Monographs, Elsevier, edition 1, number 9780122538414.
- P.N. Brusov & T.V. Filatova & N.P. Orekhova, 2013. "Absence of an Optimal Capital Structure in the Famous Tradeoff Theory!," Journal of Reviews on Global Economics, Lifescience Global, vol. 2, pages 94-116.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Magni, Carlo Alberto, 2009.
"Splitting up value: A critical review of residual income theories,"
European Journal of Operational Research, Elsevier, vol. 198(1), pages 1-22, October.
- Carlo Alberto, Magni, 2008. "Splitting Up Value: A Critical Review of Residual Income Theories," MPRA Paper 10506, University Library of Munich, Germany.
- Axel Pierru & Denis Babusiaux, 2000. "Coût du capital et étude de rentabilité d'investissement : une formulation unique de l'ensemble des méthodes," Working Papers hal-02437423, HAL.
- Ralf Diedrich & Stefan Dierkes & Hans-Christian Gröger, 2022. "A note on the cost of capital with fixed payout ratios," Review of Quantitative Finance and Accounting, Springer, vol. 59(4), pages 1559-1575, November.
- Cooper, Ian A. & Nyborg, Kjell G., 2006.
"The value of tax shields IS equal to the present value of tax shields,"
Journal of Financial Economics, Elsevier, vol. 81(1), pages 215-225, July.
- Cooper, Ian A. & Nyborg, Kjell G., 2005. "The value of tax shields IS equal to the present value of tax shields," Discussion Papers 2005/14, Norwegian School of Economics, Department of Business and Management Science.
- Cooper, Ian & Nyborg, Kjell, 2005. "The Value of Tax Shields IS Equal to the Present Value of Tax Shields," CEPR Discussion Papers 5182, C.E.P.R. Discussion Papers.
- Lucia MICHALKOVA & Tomas KLIESTIK, 2019. "The Role Of Risk In The Valuation Of Tax Shield," Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(1), pages 218-233, November.
- Magni, Carlo Alberto, 2010.
"Residual income and value creation: An investigation into the lost-capital paradigm,"
European Journal of Operational Research, Elsevier, vol. 201(2), pages 505-519, March.
- Magni, Carlo Alberto, 2007. "Residual income and value creation: An investigation into the lost-capital paradigm," MPRA Paper 6783, University Library of Munich, Germany.
- Magni, Carlo Alberto, 2007. "Residual income and value creation: An investigation into the lost-capital paradigm," MPRA Paper 7335, University Library of Munich, Germany.
- Carlo Mari & Marcella Marra, 2017. "Deterministic discounting of risky cash-flows," Journal of Finance and Investment Analysis, SCIENPRESS Ltd, vol. 6(3), pages 1-2.
- Ignacio Velez-Pareja & Julian Benavides Franco, 2011.
"Cost of Capital when Dividends are Deductible,"
Brazilian Review of Finance, Brazilian Society of Finance, vol. 9(3), pages 309-334.
- Ignacio Velez-Pareja & Julian Benavides Franco, 2009. "Cost of capital when dividens are deductible," Proyecciones Financieras y Valoración 5680, Master Consultores.
- Keef, Stephen P & Khaled, Mohammed S & Roush, Melvin L, 2011. "Miller's (2009) WACC model: An extension," Working Paper Series 1995, Victoria University of Wellington, School of Economics and Finance.
- Sven Arnold & Alexander Lahmann & Bernhard Schwetzler, 2018. "Discontinuous financing based on market values and the value of tax shields," Business Research, Springer;German Academic Association for Business Research, vol. 11(1), pages 149-171, February.
- Dirk Beyer, 2018. "A matrix approach to valuation and performance measurement based on accounting information considering different financing policies," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 29(1), pages 37-61, March.
- Sarmiento-Sabogal, Julio & Sadeghi, Mehdi, 2014. "Unlevered betas and the cost of equity capital: An empirical approach," The North American Journal of Economics and Finance, Elsevier, vol. 30(C), pages 90-105.
- Keef, Stephen P & Khaled, Mohammed S & Roush, Melvin L, 2011. "Miller's (2009) WACC model: An extension," Working Paper Series 18608, Victoria University of Wellington, School of Economics and Finance.
- Fischer, Max & Krause, Marko & Lahmann, Alexander & Stimper, Franziska, 2022. "Firm valuation with state dependent COD taxation," The Quarterly Review of Economics and Finance, Elsevier, vol. 84(C), pages 550-561.
- Denis Babusiaux & Axel Pierru, 2009. "Investment project valuation : A new equity perspective," Working Papers hal-02469464, HAL.
- Fernandez, Pablo, 2003. "Levered and unlevered Beta," IESE Research Papers D/488, IESE Business School.
- Marko Volker Krause & Alexander Lahmann, 2016. "Reconsidering the appropriate discount rate for tax shield valuation," Journal of Business Economics, Springer, vol. 86(5), pages 477-512, July.
- Ignacio Vélez-Pareja & Rauf Ibragimov & Joseph Tham, 2008.
"Constant Leverage And Constant Cost Of Capital: A Common Knowledge Half-Truth,"
Estudios Gerenciales, Universidad Icesi, June.
- Ignacio Velez-Pareja & Rauf Ibragimov & Joseph Tham, 2007. "Constant leverage and constant cost of capital: a common knowledge half-truth," Proyecciones Financieras y Valoración 3939, Master Consultores.
- Fernandez, Pablo, 2005. "Financial literature about discounted cash flow valuation," IESE Research Papers D/606, IESE Business School.
- Peter Brusov & Tatiana Filatova, 2023.
"Capital Structure Theory: Past, Present, Future,"
Mathematics, MDPI, vol. 11(3), pages 1-30, January.
- Peter Brusov & Tatiana Filatova & Natali Orekhova, 2023. "Capital Structure Theory: Past, Present, Future," Springer Books, in: The Brusov–Filatova–Orekhova Theory of Capital Structure, chapter 0, pages 9-50, Springer.
More about this item
Keywords
capital structure; cost of capital; WACC; dividend policy; MM theory; структура капитала; стоимость капитала; средневзвешенная стоимость капитала - WACC; дивидендная политика; теория Модильяни-Миллера;All these keywords.
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:scn:financ:y:2014:i:3:p:114-122. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Алексей Скалабан (email available below). General contact details of provider: http://financetp.fa.ru .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.