Jianying Qiu of the University of Vienna and colleagues tested the Modigliani-Miller theorem - the prediction that a company's capital structure shouldn't affect its value - by getting students to ...

According to the famous Modigliani-Miller theorem, under certain idealized conditions it doesn’t matter if firms pay dividends or not. One of those idealized conditions involves ignoring tax ...

The man who taught us the art of saving has passed on, but his lessons will endure. It's commonly accepted when we're young -- and flush -- that we should save for the future and, as we grow older, ...

A particularly pesky commenter has been tagging some our recent flurry of dividend- focused postswith this question: "Why do people care about the dividend yield? Doesn t Modigliani-Miller imply we ...

Kenneth Rogoff, Economic Counsellor and Director of the Research Department of the IMF, made the following statement on the death, on September 25, of Professor Franco Modigliani: "It is with great ...