Results 21 to 30 of about 128,134,882 (156)
The role of the state in the formation of the property of Russian companies
Ученые записки Российской академии предпринимательства, 2021 The article deals with the problems of large state participation in the ownership of large Russian companies. It is shown that on the basis of the Modigliani-Miller theory it is possible to justify the need for a significant reduction in the share of ...
A. F. Gribov
doaj
Modification of the Modigliani–Miller Theory for the Case of Advance Payments of Tax on Profit [PDF]
, 2020 The first serious study (and first quantitative study) of influence of capital structure of the company on its indicators of activities was the work by Nobel Prize Winners Modigliani and Miller. Their theory has a lot of limitations.
Filatova, T.V. +5 more
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THEORETICAL APPROACHES ON OPTIMAL CAPITAL STRUCTURE [PDF]
Challenges of the Knowledge Society, 2019 F. Modigliani and M. Miller demonstrated in 1958 that in the context of perfect market the financial structure of the firm does not influence its value.
Maria Zenovia GRIGORE, Mariana GURĂU
doaj +2 more sources
Impact of Advance Payments of Tax on Profit on Effectiveness of Investments
Mathematics, 2022 Recently Brusov et al. have developed innovative investment models that are very close to investment practice. Investment models with frequent payments of tax on profit and of interest on debt at the ends of periods have been considered.
Tatiana Filatova +2 more
doaj +1 more source
Innovative Investment Models with Frequent Payments of Tax on Income and of Interest on Debt
Mathematics, 2021 New modern investment models are created to be as close as possible to real investment conditions. We consider long-term as well as arbitrary duration models with payments of interest on debt and of tax on income a few times per year (semi-annually ...
Peter Brusov +3 more
doaj +1 more source
New Developments on the Modigliani-Miller Theorem
, 2017 International audienceThe seminal Modigliani-Miller (1958) theorem is a cornerstone of corporate finance theory. It provides conditions under which changes in a firm’s capital structure do not affect its fundamental value.
Aboura, Sofiane
core +1 more source
Carbon Footprint of Bank Loans: Opportunities and Risk Implications in the Banking Industry
Business Strategy and the Environment, EarlyView.ABSTRACT This study examines whether the carbon footprint of bank loan portfolios influences bank stability, profitability and cost efficiency and whether regulatory quality moderates these relationships. Using a balanced panel of 33 countries from 2005 to 2018, the analysis combines banking‐sector indicators from the World Bank Global Financial ...
Honglei Wang +5 more
wiley +1 more source
International Insolvency Review, EarlyView.Abstract A key goal of the Capital Markets Union (CMU) Action Plan is to establish a functioning bond market, offering businesses finance options beyond traditional bank loans and creating a stable source of financing for the real economy across the EU.
Maryam Malakotipour
wiley +1 more source
Stock Price Deviations From Fundamentals Levels: Mis‐Valuation due to Investor Overconfidence?
International Journal of Finance &Economics, EarlyView.ABSTRACT We use the Residual Income Valuation Model to obtain fundamental values for sample stocks in six Eurozone markets. We then estimate the deviation between the fundamental values and actual stock prices. Subsequently, we examine whether these deviations can be systematically explained by business cycle trends, trends in local economic sentiment,
Stella N. Spilioti +1 more
wiley +1 more source
Application of the Modigliani–Miller Theory, Modified for the Case of Advance Payments of Tax on Profit, in Rating Methodologies [PDF]
, 2020 During a couple years we have suggested a new approach to rating methodology of non–financial issuers, as well for project rating. The key factors of a new approach are: 1) The adequate use of discounting of financial flows virtually not used in existing
Filatova, T.V. +5 more
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