Modigliani–Miller theorem

theorem that in the absence of taxes, bankruptcy costs, agency costs, and asymmetric information, and in an efficient market, the enterprise value of a firm is unaffected by how that firm is financed
Intangible Theorem Q117553

Facts

7 properties
Instance of
theorem
Discoverer or inventor
Merton Miller, Franco Modigliani[2][3]
Maintained by WikiProject
WikiProject Mathematics[9]
Studied by
economics[8]
Time of discovery or invention
1958[7]
🏷️ Also known as
en capital structure irrelevance principle en Modigliani–Miller theorem ar نظرية موديجلياني - ميلر de Modigliani-Miller-Theorem es teorema de Modigliani-Miller fa قضیه مدیلیانی-میلر fi Irrelevanttiusteoreema fr théorème de Modigliani-Miller it teorema di Modigliani-Miller ja MM理論 ja MM命題 ja モジリアーニ・ミラー理論 ja モディリアーニとミラーの定理 ja モディリアーニとミラーの理論 ko 모딜리아니-밀러 정리 ms Teorem Modigliani–Miller pl Twierdzenie Modiglianiego-Millera ru Гипотеза Модильяни — Миллера tr Modigliani-Miller teoremi zh 莫迪尼亚尼-米勒定理
🔖 Identifiers · 5
Image (Wikimedia Commons)
MM2.png ↗
Encyclopædia Britannica Online ID
topic/Modigliani-Miller-theorem
Freebase ID
/m/01pyjy
Microsoft Academic ID (discontinued)
2780060981

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Discoverer or inventor 2
Named after 2
Instance of 1
Maintained by WikiProject 1
Part of 1
Studied by 1
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Summary

Modigliani–Miller theorem is a theorem[1].

Body

Works and Contributions

Credited discoveries include Clark Gregg[2], an economist[10], 1923–2000[11], of United States[12], awarded the Prize in Economic Sciences in Memory of Alfred Nobel[13], specialised in economics[14] and Franco Modigliani[3], an economist[15], 1918–2003[16], of Italy[17], awarded the Prize in Economic Sciences in Memory of Alfred Nobel[18], specialised in economics[19].

References

Programmatic citations — every numbered marker resolves to a verifiable graph row below.

Direct Wikidata claims

  1. [2] ↑ . wikidata.org.
  2. [3] ↑ . wikidata.org.
  3. [4] ↑ . wikidata.org.
  4. [5] ↑ . wikidata.org.
  5. [6] ↑ . wikidata.org.
  6. [7] ↑ . wikidata.org.
  7. [8] ↑ . wikidata.org.
  8. [9] ↑ . wikidata.org.

Inline context (facts about related entities)

  1. [10] ↑ . Wikidata. wikidata.org. → on this site
  2. [11] ↑ . Wikidata. wikidata.org. → on this site
  3. [12] ↑ . Wikidata. wikidata.org. → on this site
  4. [13] ↑ . Wikidata. wikidata.org. → on this site
  5. [14] ↑ . Wikidata. wikidata.org. → on this site
  6. [15] ↑ . Wikidata. wikidata.org. → on this site
  7. [16] ↑ . Wikidata. wikidata.org. → on this site
  8. [17] ↑ . Wikidata. wikidata.org. → on this site
  9. [18] ↑ . Wikidata. wikidata.org. → on this site
  10. [19] ↑ . Wikidata. wikidata.org. → on this site

Class ancestry

  1. [1] ↑ . Wikidata. wikidata.org.

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APA 4ort.xyz Knowledge Graph. (2026). Modigliani–Miller theorem. Retrieved November 14, 2026, from https://4ort.xyz/entity/modigliani-miller-theorem
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BibTeX @misc{4ortxyz_modigliani-miller-theorem_2026, author = {{4ort.xyz Knowledge Graph}}, title = {{Modigliani–Miller theorem}}, year = {2026}, url = {https://4ort.xyz/entity/modigliani-miller-theorem}, note = {Accessed: 2026-11-14}}
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