Best island to stay on in hawaii on VON ENDE, PH.D. TEXAS TECH UNIVERSITY Miller, Merton H. (19232000) MERTON MILLER RECEIVED the Nobel Prize in Economics in 1990 with Harry MARKOWITZ and William SHARPE for his contributions in the field of corporate finance. Miller clarified which factors determine share prices and capital cost of firms. He laid, along with Frances MODIGLIANI, what are now considered the foundations of corporate financial theory. The Modigliani-Miller irrelevance theorem states that under the conditions of no brokerage costs, no taxes, no bankruptcy costs, only one interest rate, and perfect information transfer it does not matter how a firm structures itself. Best island to stay on in hawaii 2016.
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