资源描述：
《the cost of capital, corporation finance and the theory of investment-modigliani amp;miller,aer(mm定理)》由会员上传分享，免费在线阅读，更多相关内容在教育资源-天天文库。
1、TheCostofCapital,CorporationFinanceandtheTheoryofInvestment-Modigliani&Miller,AER1958(MM定理)AmericanEconomicAssociationTheCostofCapital,CorporationFinanceandtheTheoryofInvestmentAuthor(s):FrancoModiglianiandMertonH.MillerSource:TheAmericanEconomicReview,Vol.48,No.3(Jun.,1958),pp.261-297Published
2、by:AmericanEconomicAssociationStableURL://.jstor.org/stable/1809766Accessed:26/02/200921:51YouruseoftheJSTORarchiveindicatesyouracceptanceofJSTOR’sTermsandConditionsofUse,availableat//.jstor.org/page/info/about/policies/terms.jsp.JSTOR’sTermsandConditionsofUseprovides,inpart,thatunlessyouhaveobtain
3、edpriorpermission,youmaynotdownloadanentireissueofajournalormultiplecopiesofarticles,andyoumayusecontentintheJSTORarchiveonlyforyourpersonal,non-commercialuse.Pleasecontactthepublisherregardinganyfurtheruseofthiswork.Publishercontactinformationmaybeobtainedat//.jstor.org/action/showPublisher?publis
4、herCode=aea.EachcopyofanypartofaJSTORtransmissionmustcontainthesamecopyrightnoticethatappearsonthescreenorprintedpageofsuchtransmission.JSTORisanot-for-profitorganizationfoundedin1995tobuildtrusteddigitalarchivesforscholarship.Weworkwiththescholarlycommunitytopreservetheirworkandthematerialstheyrel
5、yupon,andtobuildacommonresearchplatformthatpromotesthediscoveryanduseoftheseresources.FormoreinformationaboutJSTOR,pleasecontactsupport@jstor.org.AmericanEconomicAssociationiscollaboratingwithJSTORtodigitize,preserveandextendaccesstoTheAmericanEconomicReview.//.jstor.orgTheAmericaneconomicRevlewVOL
6、UMEXLVIIIJUNE1958NUMBERTHREETHECOSTOFCAPITAL,CORPORATIONFINANCEANDTHETHEORYOFINVESTMIENTByFRANCOMODIGLIAN1ANDMERTONH.MILLER*Whatisthe;costofcapital;toafirminaworldinwhichfundsareusedtoacquireassetswhoseyieldsareuncertain;andinwhichcapitalcanbeobtainedbymanydifferentmedia,rangingfrompuredebtinstru-m
7、ents,representingmoney-fixedclaims,topureequityissues,givingholdersonlytherighttoapro-ratashareintheuncertainventure.?Thisquestionhasvexedatleastthreeclassesofeconomists:(1)thecor-porationfinancespecialistc
