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In this paper, we directly test the Modigliani-Miller theorem in the lab. Applying a general equilibrium approach and not allowing for arbitrage among firms with different capital structures, we are able to address this issue without making any assumptions about individuals' risk attitudes and...
Persistent link: https://www.econbiz.de/10009734687
Persistent link: https://www.econbiz.de/10008655975
In this paper, we directly test the Modigliani-Miller theorem in the lab. Applying a general equilibrium approach and not allowing for arbitrage among firms with different capital structures, we are able to address this issue without making any assumptions about individuals’ risk attitudes and...
Persistent link: https://www.econbiz.de/10003870995
We present an experiment designed to test the Modigliani-Miller theorem. Applying a general equilibrium approach and … (control) individual decision-making experiment, eliciting several points on individual demand and supply curves for shares …
Persistent link: https://www.econbiz.de/10008991289
In this paper, we directly test the Modigliani-Miller theorem in the lab. Applying a general equilibrium approach and not allowing for arbitrage among firms with different capital structures, we are able to address this issue without making any assumptions about individuals' risk attitudes and...
Persistent link: https://www.econbiz.de/10010294759
In this paper, we experimentally test the Modigliani-Miller theorem. Applying a general equilibrium approach and not allowing for arbitrage among firms with different capital structure, we are able to address a question fundamental to the valuation of firms: does capital structure affect the...
Persistent link: https://www.econbiz.de/10010263892
In this paper, we directly test the Modigliani-Miller theorem in the lab. Applying a general equilibrium approach and not allowing for arbitrage among firms with different capital structures, we are able to address this issue without making any assumptions about individuals' risk attitudes and...
Persistent link: https://www.econbiz.de/10010291078
In this paper, we experimentally test the Modigliani-Miller theorem. Applying a general equilibrium approach and not allowing for arbitrage among firms with different capital structure, we are able to address a question fundamental to the valuation of firms: does capital structure affect the...
Persistent link: https://www.econbiz.de/10003733757
We present an experiment designed to test the Modigliani-Miller theorem. Applyinga general equilibrium approach and not …) individual decision-making experiment, eliciting severalpoints on individual demand and supply curves for shares, provides some …
Persistent link: https://www.econbiz.de/10009248887
We present an experiment designed to test the Modigliani-Miller theorem. Applying a general equilibrium approach and … (control) individual decision-making experiment, eliciting several points on individual demand and supply curves for shares …
Persistent link: https://www.econbiz.de/10010286479