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Penttinen - Google Patents

Theory of Financial Lease Contracts

Penttinen

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Document ID
2283088699702146347
Author
Penttinen J

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One of the cornerstones of modern corporate finance is the Modigliani–Miller theorem. The key result of the theorem is a proposition that the capital structure of a firm is irrelevant in perfect frictionless world. Modigliani (1980, p. xii) explains the theorem as follows:... with well …
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