Modligiani-Miller Theory

Explain the theory

the modified version of the theory

add graphs if possible “WACC” and value graph

controversy of the theory

in 2015, is this theory still relevant. and how is it augmented?

Example India and TAX

Side note**: This is for a [contemporary financial issues] course. the professor does want a history report. what is needed is to relate the theory to contemporary times and issues

Forty years ago, the Modigliani-Miller propositions started a new era in corporate finance. How does M&M hold up today?
Dun Gifford Jr., CFO Magazine
July 01, 1998 <– important reference (The Economist) (The Financial Times) (The Wall Street Journal – partly restricted to subscribers)
(cross-references to press comment on business and financial issues)

Web addresses for some other journals that are read by financial managers: (free access on registration) (free access on registration )

Some useful sites with market commentary and data on individual firms and stocks: (a good international site on company information) (an outstanding source of stock price and company information) (easy access to annual reports).

Some home pages with a variety of useful data, calculators, etc… (Campbell Harvey’s homepage) (Aswath Damodoran’s home page) (Robert Shiller’s home page)