The Modigliani-Miller theorem is a key pillar in modern finance. The theorem has revolutionized corporate finance since it was introduced by the Professors Franco Modigliani and Merton Miller. In 1985 ...

In “Banks will beat Basel III for all the wrong reasons” (Opinion, July 1) Todd H Baker argued that banks should be required to fund themselves with more capital. His argument is premised on the 1958 ...