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The Modigliani–Miller theorem (of Franco Modigliani, Merton Miller) is an influential element of economic theory; it forms the basis for modern thinking on capital structure. [1] The basic theorem states that in the absence of taxes , bankruptcy costs, agency costs , and asymmetric information , and in an efficient market , the enterprise ...
Franco Modigliani ((US: / ˌ m oʊ d iː l ˈ j ɑː n i /; Italian: [modiʎˈʎaːni]; 18 June 1918 – 25 September 2003) [1] was an Italian-American economist and the recipient of the 1985 Nobel Memorial Prize in Economics.
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The Miller Car Company was established in the Detroit Excelsior Works in 1911. Guy Sintz was factory manager. The Miller was built as roadsters and five-seat tourers that were powered by 30 hp and 40 hp four-cylinder Wisconsin engines. The vehicles were priced at $1,250 and $1,450, equivalent to $45,780 in 2023.
The Chevrolet Biscayne was a series of full-size cars produced by the American manufacturer General Motors through its Chevrolet division between 1958 and 1975. Named after a show car displayed at the 1955 General Motors Motorama, the Biscayne was the least expensive model in the Chevrolet full-size car range (except the 1958-only Chevrolet Delray).
For 1960 and 1961, Chevrolet adopted the series names from the Task Force trucks onto the C/K, with the lighter-duty 10-40 series trucks badged as "Apache", 50-60 series trucks, "Viking", and the largest 70-80 series as "Spartan". The Chevrolet model line offered under a single trim level, offering optional "Custom" trim upgrades. [21] [22]
The Chevrolet Parkwood was a station wagon built by Chevrolet from 1959 to 1961. As the station wagon equivalent of the Bel Air passenger car series, it represented the middle member of the Chevrolet station wagon lineup of those years, above the lowest-priced Brookwood models, but below the luxury-leader Nomad .
1957 Chevrolet Bel Air convertible, one of the most iconic autos of the era [1]. The 1950s were pivotal for the American automobile industry.The post-World War II era brought a wide range of new technologies to the automobile consumer, and a host of problems for the independent automobile manufacturers.