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Generalization of the Modigliani–Miller Theory for the Case of Variable Profit
Mathematics, 2021 For the first time we have generalized the world-famous theory by Nobel Prize winners Modigliani and Miller for the case of variable profit, which significantly extends the application of the theory in practice, specifically in business valuation ...
Peter Brusov +5 more
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The Modigliani–Miller Theory with Arbitrary Frequency of Payment of Tax on Profit
Mathematics, 2021 The main purpose of the current study is the generalization and further development of the Modigliani–Miller theory taking into account one of the conditions of the real functioning of companies for the case of paying income tax with an arbitrary ...
Peter Brusov, Tatiana Filatova
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Capital Structure Theory: Past, Present, Future
Mathematics, 2023 The purpose of this review is to analyze all existing theories of the capital structure (with their advantages and disadvantages) in order to understand all aspects of the problem and make correct management decisions in practice. The role of the capital
Peter Brusov, Tatiana Filatova
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Mathematics, 2022 The modern capital cost and capital structure theory—the Brusov–Filatova–Orekhova (BFO) theory and its perpetuity limit, the Modigliani–Miller theory—describe the case of the payments of income tax at the end of the year.
Peter Brusov +2 more
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Mathematics, 2022 Both main theories of capital cost and capital structure—the Brusov–Filatova–Orekhova (BFO) theory and its perpetuity limit, the Modigliani–Miller theory—consider the payments of tax on profit once per year, while in real economy these payments are made ...
Peter Brusov +5 more
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GENERALIZATION OF THE MODIGLIANI-MILLER THEORY: MYTH AND REALITY
Финансы: теория и практика, 2017 Starting from the contribution made by the Nobel laureates Merton Miller and Franco Modigliani, the issue of interdependences among the capital structure,the cost of capital and firm value and their implementation in the financial models for practical ...
R. G. Ibragimov, G. A. Panferov
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Capital Structure and Profitability. The Case of Companies Listed in Romania
Studies in Business and Economics, 2022 Alongside with the acquisition and the efficient use of assets (investment decision and asset management), financial managers are concerned with their financing.
Ilie Livia, Vasiu Diana
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Cogent Social Sciences, 2023 This study makes effort in considering the static structural models with the endogenous bankruptcy boundary in order to maximize the firm’s value. This research starts with highly recognized theoretical frameworks on the capital structure including ...
Thi Thanh Binh Dao, Thu Ha Le
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Moneta e Credito, 2012 L’articolo esamina l’influenza dei contributi di Modigliani su questioni di finanza. La teoria dell’habitat preferito, proposta per spiegare la struttura a termine dei tassi di interesse, è stata utilizzata dagli operatori finanziari fino agli anni '80.
Terenzio Cozzi
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Studies in Business and Economics, 2021 This paper examines the relation between dividend payments and stock prices of all firms in the German prime standard DAX 30 in the time period from 2012 to 2019.
Melching Konstantin, Nguyen Tristan
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