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Modigliani and Miller Proposition I |
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Modigliani and Miller Proposition IA proposition by Modigliani and Miller which states that a firm cannot change the total value of its outstanding securities by changing its capital structure proportions. Also called the irrelevance proposition.Modigliani and Miller Proposition I Similar MatchesMiller and Modiglianis irrelevance propositionMiller and Modiglianis irrelevance propositionTheory that if financial markets are perfect, corporate financial policy (including hedging policy) is irrelevant. Welfare propositionWelfare propositionIn trade theory, this usually refers to any of several gains from trade theorems. Heckscher-Ohlin Core PropositionsHeckscher-Ohlin Core PropositionsSee core propositions. Discretionary PropositionDiscretionary PropositionA proposal on a proxy card that brokers can cast in favor of management if they have not yet heard from the beneficial holder ten days before the annual meeting. See: Ten-Day Rule Core propositionsCore propositionsThe core propositions of the HO Model are the factor price equalization theorem, the Heckscher-Ohlin Theorem, the Stolper-Samuelson Theorem, and the Rybczynski Theorem, according to Ethier (1974). |
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