MODIGLIANI AND MILLER PROPOSITION I
\mˈɒdɪɡlˌi͡əni and mˈɪlə pɹˌɒpəzˈɪʃən ˈa͡ɪ], \mˈɒdɪɡlˌiəni and mˈɪlə pɹˌɒpəzˈɪʃən ˈaɪ], \m_ˈɒ_d_ɪ_ɡ_l_ˌiə_n_i_ a_n_d m_ˈɪ_l_ə p_ɹ_ˌɒ_p_ə_z_ˈɪ_ʃ_ə_n ˈaɪ]\
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A proposition that a business' capital structure change does not necessarily change the business' total value. A business can finance its operations by debt or withholding share dividend profits, but business' value continues to be its moneymaking capabilities plus its assets' risk. Also known as irrelevance proposition and capital structure irrelevance.
By Henry Campbell Black
Word of the day
Snake's-head
- Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.
Nearby Words
- modifiers, effect (epidemiology)
- modify
- modifying
- modiglani-miller hypothesis
- modigliani
- MODIGLIANI AND MILLER PROPOSITION I
- modigliani-miller theory
- modii
- modillion
- modin
- modiola