The Holy Grail of corporate finance is a theory that explains the capital structure behavior of real-world firms. It’s been 63 years since Modigliani and Miller’s (1958, MM) landmark paper and we still do not have a model that explains even the broad-brush features of observed capital structures.
Firstly, for anyone new to the journal can you briefly explain the journal’s mission and scope? The Journal of the History of Economic Thought (JHET) is the journal of the History of Economics Society and it promotes interest in and inquiry into the history of economics and related parts of intellectual history, facilitate communication and discourse among scholars and disseminate knowledge about the history of economics.…
In April 2021, the Journal of Financial and Quantitative Analysis hosted a symposium for finance research related to the Covid-19 Pandemic.…
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Tom Sutcliffe with Paul Collier, Joanna Kusiak and Matthew Xia.
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