We’ll send you a myFT Daily Digest email rounding up the latest US news every morning. The ferocity of the economic crisis has tossed a few cherished theorems into the dustbin – do people still ...

According to the famous Modigliani-Miller theorem, under certain idealized conditions it doesn’t matter if firms pay dividends or not. One of those idealized conditions involves ignoring tax ...

Discover how the Irrelevance Proposition Theorem explains debt's impact in corporate finance, its origin by Nobel-winning economists, and insights into its real-world applications.

We’ll send you a myFT Daily Digest email rounding up the latest Letter news every morning. From Dr Dov Frishberg. Sir, Peter Harding and Martin Harrison (Letters, August 28) criticise Lex’s supposed ...

It would appear so if the Reserve Bank of India's draft guidelines on the entry of new private banks is any indication. Indeed, an interesting conceptual issue thrown up by the draft guidelines is ...

Kenneth Rogoff, Economic Counsellor and Director of the Research Department of the IMF, made the following statement on the death, on September 25, of Professor Franco Modigliani: "It is with great ...