Chowdhury, Anup; Chowdhury, Suman Paul - In: Business and Economic Horizons (BEH) 3 (2010) 3, pp. 111-122
Modigliani & Miller (1958) show the impact of debt-equity ratio on firm value in their capital structure theory. Economist and financial researchers have spent time to develop new thoughts around this theory. Despite their effort the Modigliani & Miller (MM) model is still in vague. In this...