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Merton Miller

Author

Listed:
  • Stulz, Rene M.

    (Ohio State U)

Abstract

Merton Miller was at the center of the transformation of academic finance from a descriptive field to a science. His principal contribution to this transformation was the introduction of arbitrage arguments which underlie most theoretical contributions in finance and remain central to the way financial economists analyze finance problems to this day. These arbitrage arguments underlie his and Franco Modigliani's famous irrelevance propositions.

Suggested Citation

  • Stulz, Rene M., 2006. "Merton Miller," Working Paper Series 2006-4, Ohio State University, Charles A. Dice Center for Research in Financial Economics.
    • Handle: RePEc:ecl:ohidic:2006-4
    as

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    File URL: http://www.cob.ohio-state.edu/fin/dice/papers/2006/2006-4.pdf
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    References listed on IDEAS

    as
    1. Rene Stulz, 2000. "Merton Miller and Modern Finance," Financial Management, Financial Management Association, vol. 29(4), Winter.
    2. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    3. Miller, Merton H, 1977. "Debt and Taxes," Journal of Finance, American Finance Association, vol. 32(2), pages 261-275, May.
    4. Merton H. Miller & Franco Modigliani, 1961. "Dividend Policy, Growth, and the Valuation of Shares," The Journal of Business, University of Chicago Press, vol. 34, pages 411-411.
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