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Modern Theory of Capital Cost and Capital Structure: Brusov–Filatova–Orekhova Theory (BFO Theory)ity cost of the company and substantially overestimates the assessment of the capitalization of the company. Such an incorrect assessment of key performance indicators of financial activities of companies has led to an underestimation of risks involved, and impossibility, or serious difficulties inmachination 发表于 2025-3-23 22:29:36
Optimal Capital Structure of the Company: Its Absence in Modigliani–Miller Theory with Risky Debt Cacapitalization reaches a maximum. In the classical Modigliani–Miller theory , there is no optimal capital structure: an increase in the share of borrowed capital reduces the cost of raising capital, WACC, and increases the capitalization of companLITHE 发表于 2025-3-24 03:32:23
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Modification of the Modigliani–Miller Theory for the Case of Advance Tax on Profit Paymentsv Global Econ, 9:257–268, 2020; Filatova et al. Bull FU 48:68–77, 2008, J Rev Global Econ, 7:645–661, 2018). Despite the fact that the Modigliani–Miller theory is currently a particular case of the general theory of capital cost and capital structure—Brusov–Filatova–Orekhova (BFO) theory—it is stillsulcus 发表于 2025-3-24 13:08:41
The Modigliani–Miller Theory with Arbitrary Frequency of Payment of Tax on Profits it takes place in practice, the weighted average cost of capital, WACC, company value, . and equity cost, . start depend on ., while in ordinary (classical) Modigliani–Miller theory all these values . .; (4) the tilt angle of the curve of equity cost, . (.), decreases with the number of payments o勾引 发表于 2025-3-24 16:02:47
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