Results 51 to 60 of about 128,134,882 (156)
Die Modigliani/Miller-Theoreme und Ausschüttungspolitik [PDF]
, 2006 Der Beitrag diskutiert die Auswirkungen einer nicht-residualen Ausschüttungspolitik auf die Modigliani/Miller-Anpassungsformeln in einer Welt differenzierter, Dividenden, Zinsen und Kursgewinne unterschiedlich behandelnder persönlicher Steuern ...
Wiese, Jörg
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CSR disclosure and investment efficiency in MENA countries: The moderating role of CSR committee
Strategic Change, Volume 35, Issue 4, Page 591-615, July 2026.ABSTRACT Corporate social responsibility disclosure (CSRD) is often recognized as a transparency mechanism that allows companies to communicate their commitment to CSR. However, CSRD may also exacerbate agency conflicts. This study addresses these two contrasting perspectives by investigating the impact of CSRD on investment efficiency and exploring ...
Mohamed Malek Belhoula +3 more
wiley +1 more source
A reappraisal of Modgliani's finance theories
PSL Quarterly Review, 2005 The paper examines the influence of Modigliani's contributions to the theory of finance. As for the term structure of interest rates, the preferred habitat theory, had a mixed fortune: it was utilized by financial managers for a rather long time, before ...
Terenzio Cozzi
doaj
Green Hunter or Green Detractor? Strategic Orientations and Green Revenues
British Journal of Management, Volume 37, Issue 3, July 2026.Abstract We bridge a research gap concerning whether varying strategic orientations can be aligned with the transition to greener business practices. Drawing on resource‐based theory and stakeholder theory, we investigate how growth‐ and profit‐oriented strategic orientations shape firms’ capacity to generate green revenues that integrate economic ...
June Cao +2 more
wiley +1 more source
Implications of the Modigliani-Miller Theorem for the Study of Exchange Rate Regimes [PDF]
We extend the Modigliani-Miller Theorem to the composition of the public debt and show that in a deterministic model the structure of a government's assets and liabilities is undetermined.
Alexandre B. Cunha
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Why Do Hedgers Hedge? The Role of Ambiguity
Journal of Futures Markets, Volume 46, Issue 6, Page 1053-1078, June 2026.ABSTRACT This paper investigates whether ambiguity influences hedging behavior in commodity futures markets. Using high‐frequency crude oil futures data, distinct measures of risk and ambiguity are linked to weekly hedging positions from the Commodity Futures Trading Commission (CFTC).
Fiona Höllmann
wiley +1 more source
New Developments on the Modigliani-Miller Theorem
, 2016 The 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. A recent controversial debate around the relevancy of
Aboura, Sofiane +1 more
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Contemporary Accounting Research, Volume 43, Issue 2, Page 923-954, Summer 2026.ABSTRACT A concentrated debt structure can facilitate creditor coordination, which reduces the financial distress cost in a liquidity default but also increases the risk of a strategic default. Debt concentration affects the sensitivity of leverage to tax through these two forces.
Xiaoli Hu +3 more
wiley +1 more source
RAC: Revista de Administração Contemporânea, 2008 The seminal propositions by Modigliani and Miller started a new study area in modern finance theory. Over time, their basic assumptions were relaxed, to the extent that, nowadays, situations in which they can be fully applied, with consistent and ...
Luiz Nelson Guedes de Carvalho +2 more
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Australian Accounting Review, Volume 36, Issue 2, Page 130-149, June 2026.ABSTRACT This study examines the effect of a nature‐based corporate strategy consisting of green revenue reporting and biodiversity impact reduction on the corporate cost of capital of S&P 1500 firms. Applying a portfolio‐level regression approach for 10 890 firm‐year observations from 2015 to 2024, the study reveals that firms adopting biodiversity ...
Post Raj Pokharel
wiley +1 more source