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

DOI10.1007/BF01215199zbMath0821.90017MaRDI QIDQ1804604

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)

Related Items (4)

On the irrelevance of financial policy under market incompleteness and trading constraints ⋮ Wealth Transfers, Indifference Pricing, and XVA Compression Schemes ⋮ CORPORATE LIQUIDITY, DIVIDEND POLICY AND DEFAULT RISK: OPTIMAL FINANCIAL POLICY AND AGENCY COSTS ⋮ XVA analysis from the balance sheet

Cites Work

• Unnamed Item
• Unnamed Item
• Unnamed Item
• The Pricing of Options and Corporate Liabilities
• Corporate financial hedging with proprietary information
• Options and equilibrium
• Spanning and completeness in markets with contingent claims
• Equilibrium in incomplete markets. II: Generic existence in stochastic economies
• An extension of the Modigliani-Miller theorem to stochastic economies with incomplete markets and interdependent securities
• Real indeterminacy with financial assets
• Existence of competitive equilibria for option markets
• On the non-neutrality of money with incomplete markets

This page was built for publication: An analysis of the conditions for the validity of Modigliani-Miller theorem with incomplete markets