The Modigliani–Miller proposition after fifty years and its relation to entrepreneurial finance | Zendy

mac an Bhaird Ciarán | Zendy

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The Modigliani–Miller proposition after fifty years and its relation to entrepreneurial finance

Author(s) -

mac an Bhaird Ciarán

Publication year - 2010

Publication title -

strategic change

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.527

H-Index - 16

eISSN - 1099-1697

pISSN - 1086-1718

DOI - 10.1002/jsc.855

Subject(s) - miller , proposition , capital structure , economics , independence (probability theory) , relation (database) , classical economics , capital (architecture) , control (management) , empirical evidence , microeconomics , neoclassical economics , finance , management , debt , mathematics , history , philosophy , statistics , archaeology , epistemology , database , computer science , biology , ecology

Empirical evidence suggests that cost‐based considerations, firm‐specific characteristics, and owner‐specific factors — such as desire for control and managerial independence — are important determinants of capital structures of entrepreneurial firms.

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