Derived from the Miller-Modigliani theorems suggesting that the capital structure of a company has nothing to do with its earnings performance, the results of which indicated that companies that used equity financing performed no better or worse than companies that used debt financing. The same theorem produced results that showed the performance of dividend-paying companies to be equivalent to non-dividend-paying companies.
Related information about irrelevance result:
- Irrelevance Result - Financial Dictionary - The Free Dictionary
Irrelevance Result. 0.01 sec. Irrelevance result. The Modigliani and Miller theorem that a firm's capital structure is irrelevant to the firm's value. Irrelevance Result ...
- irrelevance - definition of irrelevance by the Free Online Dictionary ...
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- Abstract - University of Exeter
Nov 30, 2001 ... Mixed oligopoly, subsidization and the order of firms' moves: an irrelevance result for the general case. Gareth Myles. Institute for Fiscal Studies ...
- An Irrelevance Result with Differentiated Goods - University of Exeter
irrelevance result extends to product differentiation and to Bertrand competition with ... Our main conclusion is that that the irrelevance result applies even with ...
- What is irrelevance result? definition and meaning
Definition of irrelevance result: Derived from the Miller-Modigliani theorems suggesting that the capital structure of a company has nothing to do with its earnings ...
- An irrelevance result with differentiated goods
They name this observation the `irrelevance result''. ... We show that the irrelevance result extends to product differentiation and to Bertrand competition with ...
- Mixed oligopoly, subsidization and the order of firms' moves: an ...
"Mixed oligopoly, subsidization and the order of firms' moves: an irrelevance result for the general case," Economics Bulletin, AccessEcon, vol. 12(1), pages 1- 6.
- A Reappraisal of the Irrelevance result in mixed duopoly: A note on ...
Downloadable! We characterize the optimal policy-mix towards R&D activity and output production in the simultaneous moves mixed and private duopolies, ...