Adam Hayes, Ph.D., CFA, is a financial writer with 15+ years Wall Street experience as a derivatives trader. Besides his extensive derivative trading expertise, Adam is an expert in economics and ...

Capital structure refers to the mix of funding sources a company uses to finance its assets and its operations. The sources typically can be bucketed into equity and debt. Using internally generated ...

Definition of 'Modigliani & Millers (MM) Capital Structure Theories' (i) MM-no tax, which proves that no optimal capital structure exists, and that the WACC is invariant to debt / equity ratio. (ii) ...

Discover Franco Modigliani's impact on economics, including his Nobel-winning theories in consumption and corporate finance.