On the irrelevance of financial policy under market incompleteness and trading constraints

DOI10.1016/J.ECONLET.2015.09.007zbMATH Open1398.91500OpenAlexW1833544799MaRDI QIDQ1667892FDOQ1667892

Authors: Orhan Erem Atesagaoglu, Eva Cárceles-Poveda 

Publication date: 31 August 2018

Published in: Economics Letters (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1016/j.econlet.2015.09.007

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zbMATH Keywords

incomplete marketstrading constraintsfinancial policy

Mathematics Subject Classification ID

Portfolio theory (91G10)

Cites Work

• Rational Asset Pricing Bubbles
• The risk-free rate in heterogeneous-agent incomplete-insurance economies
• An extension of the Modigliani-Miller theorem to stochastic economies with incomplete markets and interdependent securities
• An analysis of the conditions for the validity of Modigliani-Miller theorem with incomplete markets

Cited In (1)

• An extension of the Modigliani-Miller theorem to stochastic economies with incomplete markets and interdependent securities

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