Modligiani-Miller Theory

Explain the theory

Forty years ago, the Modigliani-Miller propositions started a new era in corporate finance. How does M&M hold up today?
Dun Gifford Jr., CFO Magazine
July 01, 1998 <– important reference

www.cfonews.com
www.dowjones.com
www.economist.com (The Economist)
www.ft.com (The Financial Times)
www.wsj.com (The Wall Street Journal – partly restricted to subscribers)
www.brint.com
(cross-references to press comment on business and financial issues)

Web addresses for some other journals that are read by financial managers:
www.businessweek.com
www.cfo.com
www.corporatefinancemag.com
www.euromoney.com (free access on registration)
www.forbes.com
www.fortune.com
www.institutionalinvestoronline.com (free access on registration )
www.Risk.net

Some useful sites with market commentary and data on individual firms and stocks:
www.bloomberg.com
www.corporateinformation.com (a good international site on company information)
http://finance.yahoo.com (an outstanding source of stock price and company information)
www.hoovers.com
www.reportgallery.com (easy access to annual reports).

Some home pages with a variety of useful data, calculators, etc…
www.duke.edu/~charvey (Campbell Harvey’s homepage)
www.equity.stern.nyu.edu/~admodar (Aswath Damodoran’s home page)
http://aida.econ.yale.edu (Robert Shiller’s home page)