An analysis of the conditions for the validity of Modigliani-Miller theorem with incomplete markets

DOI10.1007/BF01215199MaRDI QIDQ1804604zbMATH OpenFDO

Authors Piero Gottardi

Publication date 15 May 1995

Published in Economic Theory (Search for Journal in Brave)

zbMATH Keywords

incomplete marketsfirms' financial decisions

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) General equilibrium theory (91B50)

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Cites work

• scientific article; zbMATH DE number 3908100 (Why is no real title available?)
• scientific article; zbMATH DE number 3910084 (Why is no real title available?)
• scientific article; zbMATH DE number 4081235 (Why is no real title available?)
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• Corporate financial hedging with proprietary information
• Equilibrium in incomplete markets. II: Generic existence in stochastic economies
• Existence of competitive equilibria for option markets
• On the non-neutrality of money with incomplete markets
• Options and equilibrium
• Real indeterminacy with financial assets
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• The pricing of options and corporate liabilities

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(6)

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• An extension of the Modigliani-Miller theorem to stochastic economies with incomplete markets and interdependent securities
• Corporate liquidity, dividend policy and default risk: optimal financial policy and agency costs
• Wealth transfers, indifference pricing, and XVA compression schemes
• On the irrelevance of financial policy under market incompleteness and trading constraints
• New developments on the Modigliani-Miller theorem

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