Generalization of the Modigliani–Miller Theory for the Case of Variable Profit

Generalization of the Modigliani–Miller Theory for the Case of Variable Profit

For the first time we have generalized the world-famous theory by Nobel Prize winners Modigliani and Miller for the case of variable profit, which significantly extends the application of the theory in practice, specifically in business valuation, ratings, corporate finance, etc. We demonstrate that...

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Bibliographic Details
Main Authors: Peter Brusov, Tatiana Filatova, Natali Orekhova, Veniamin Kulik, She-I Chang, George Lin
Format: Article
Language:English
Published: MDPI AG 2021-06-01
Series:Mathematics
Subjects:
generalization of Modigliani and Miller theory
variable profit
company capitalization
equity cost
the weighted average cost of capital
WACC
Online Access:https://www.mdpi.com/2227-7390/9/11/1286

Internet

https://www.mdpi.com/2227-7390/9/11/1286

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