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What happened after publication of our paper was that, for the next 40 years, people said, all right, we now know the answer to the capital structure question under ideal conditions.

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Merton Miller

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I had some of the students in my finance class actually do some empirical work on capital structures, to see if we could find any obvious patterns in the data, but we couldn’t see any.

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I keep my phone on the floor in my bedroom, and I turn the sound off when I sleep, but I never really turn my phone off.

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May 14, 2024

I keep my phone on the floor in my bedroom, and I turn the sound off when I sleep, but I never really turn my phone off.

Previous

May 14, 2024

I had some of the students in my finance class actually do some empirical work on capital structures, to see if we could find any obvious patterns in the data, but we couldn’t see any.

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