Map of Mondorf

Map of Mondorf on Given such informational problems, and given that shareholders are residual claimants, net savers may prefer debt financing over equity financing. Thus, informational issues determine the method of financing. Such informational issues also have implications for the theory of corporate finance, which otherwise views the choice between debt and equity financing as irrelevant for the value of the firm. This is the celebrated irrelevance result of Franco MODIGLIANI and Merton C. MILLER (1958), and has since then been revisited by applying the tools of asymmetric information. Asymmetric information. Similar problems related to asymmetric information help in understanding why certain financial intermediaries, and banks, in particular, do exist at all. Map of Mondorf 2016.

Map of Mondorf Holiday Map Q.

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