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Merton Howard Miller (May 16, 1923 – June 3, 2000) was an American economist, and the co-author of the Modigliani–Miller theorem (1958), which proposed the irrelevance of debt-equity structure. He shared the Nobel Memorial Prize in Economic Sciences in 1990, along with Harry Markowitz and William F. Sharpe .
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 ...
The younger Heard took over the company in 1961 when his father died. [8] Heard Jr. undertook a massive expansion beyond its home state in the 1980s. The expansion, built primarily on the premise of selling large numbers of cars at low profit margins [citation needed] worked well in the boom times of the 1990s and the first decade of the new ...
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.
Akton "Ak" Miller was a long-time hot-rodder and racing driver as well as NHRA vice-president. [13] He built a series of five or six Miller-Devin specials powered by a variety of engines. [14] Three of the cars raced at the Pikes Peak hill climb. [1]: 135–136 Miller built his first Devin-bodied special in 1958 for the Pikes Peak hill climb.
1961 in Texas (4 C, 5 P) 1962 in Texas (4 C, 3 P) 1963 in Texas (5 C, 4 P) ... Pages in category "1960s in Texas" This category contains only the following page.
Aug. 6, 1966: The first visitor to Six Flags Over Texas in 1961 was Theresa Pool, who returns five years later in 1966. April 9, 1965: The 190-foot tall Sky Hook and merry-go-round (carousel ...
Chevrolet dropped the "x-wood" names for their station wagon models at the end of 1961 so the 1962 Corvair Station wagons do not continue the Lakewood name. In appearance, and technical respects it resembled the Volkswagen Type 3 Squareback , but power came from the Corvair's rear-mounted Chevrolet Turbo-Air 6 engine with 145 cu.in ...