Diedrich, Ralf; Dierkes, Stefan; Gröger, Hans-Christian - In: Review of Quantitative Finance and Accounting 59 (2022) 4, pp. 1559-1575
The insights of Modigliani and Miller (Am Econ Rev 53:433–443, 1963) and Miles and Ezzell (15:719–730, https://doi.org/10.2307/2330405 , 1980) on the cost of capital of firms rank among the most important results in financial theory. The underlying assumptions regarding the financial policy,...
