The Modigliani-Miller theorem is a financial principle stating that a company's market value is determined by the present value of its future earnings and assets, regardless of its capital structure.

The Modigliani-Miller theory of bank capital posits that higher capital requirements result in negligible costs for banks, making them an effective way for regulators to increase the safety of ...

We’ll send you a myFT Daily Digest email rounding up the latest Letter news every morning. From Dr Dov Frishberg. Sir, Peter Harding and Martin Harrison (Letters, August 28) criticise Lex’s ...

The equations in Miller-Modigliani allow the net issue of new shares to be either positive (new share issues) or negative (share buybacks). Modigliani-Miller, the 1958 paper, discussed issuing stock ...

We’ll send you a myFT Daily Digest email rounding up the latest Letter news every morning. From Dr Peter Harding and Mr Martin Harrison. Sir, Dov Frishberg (Letters, August 30) accuses us of ...