I show that as long as corporations maintain identical financial leverage, additional investments and potential growth opportunities will behave according to the shape subscribed by the Modiglian-Miller Second Theorm.
Interaction of Corporate Financing and Investment Decisions -Implication for Capital Budgeting - A Note,' The Journal of Finance, Vol. 32, No. 1 (March 1977), pp. 211-217.
BAR-YOSEF, SASSON
1977
Abstract
I show that as long as corporations maintain identical financial leverage, additional investments and potential growth opportunities will behave according to the shape subscribed by the Modiglian-Miller Second Theorm.
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