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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 ...
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 rational expectations hypothesis is considered by economists [11] to originate in the [12] paper written by Modigliani and Emile Grunberg in 1954. [13] [14] When he was a member of the Carnegie Mellon University faculty, he formulated in 1958, along with Merton Miller, the Modigliani–Miller theorem for corporate finance.
Chevrolet's compact car Greenbrier: 1961 1972 GM Z 2 Chevrolet's van based on Corvair and station wagon based on Chevelle Chevy II / Nova: 1962 1988 X-body: 5 Chevrolet's compact (1962–1979) and subcompact (1985–1988) car. Nova was the top-line of Chevy II series Chevelle: 1964 1977 GM A: 3 Chevrolet's successful mid-size car produced ...
In the early part of the decade, sales were strong, thanks in no small part to the company's history of building small cars, which came into vogue in 1961. [30] In both 1960 and 1961, Ramblers ranked in third place among U. S. automobile sales, [31] up from third on the strength of small-car sales, even in the face of a lot of new competition. [30]
Modigliani–Miller theorem, an influential element of economic theory Modigliani risk-adjusted performance , a measure of risk-adjusted performance in economics Topics referred to by the same term
Modigliani risk-adjusted performance (also known as M 2, M2, Modigliani–Modigliani measure or RAP) is a measure of the risk-adjusted returns of some investment portfolio. It measures the returns of the portfolio, adjusted for the risk of the portfolio relative to that of some benchmark (e.g., the market).
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 .