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The Modigliani–Miller theorem and entrepreneurial firms: an overview

✍ Scribed by Anne P. Villamil


Publisher
John Wiley and Sons
Year
2010
Tongue
English
Weight
73 KB
Volume
19
Category
Article
ISSN
1086-1718

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The Modigliani–Miller proposition after
✍ Ciarán mac an Bhaird 📂 Article 📅 2010 🏛 John Wiley and Sons 🌐 English ⚖ 162 KB

## Abstract 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.