Management

The World of Modigliani and Miller

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Financial analysis has never been an exact science. Occasionally, the theoretical models upon which it is based are even “bad” science. The root cause is that economic decisions undertaken in a real world of uncertainty are invariably characterised by hypothetical human behaviour, for which there is little empirical evidence. Thus, a financial model may satisfy a fundamental requirement of all theory construction. It is based on logical reasoning. But if the objectives are too divorced from reality, or underpinned by simplifying assumptions that rationalise complex phenomena, the analytical conclusions may be invalid.

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Detail Information

Series Title

The World of Modigliani and Miller

Call Number

-

Publisher

: Robert Alan Hill., 2015

Collation

1-139

Language

English

ISBN/ISSN

978-87-403-1062-7

Classification

NONE

Content Type

-

Media Type

-

Carrier Type

-

Edition

1st Edtion

Subject(s)

Management

Specific Detail Info

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Statement of Responsibility

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