{"id":102,"date":"2008-08-24T15:56:13","date_gmt":"2008-08-24T18:56:13","guid":{"rendered":"http:\/\/www.mrtrader.com.ar\/?p=102"},"modified":"2008-08-24T15:56:13","modified_gmt":"2008-08-24T18:56:13","slug":"teorema-de-modigliani-miller","status":"publish","type":"post","link":"http:\/\/www.mrtrader.com.ar\/?p=102","title":{"rendered":"Teorema de Modigliani &#8211; Miller"},"content":{"rendered":"<p>El <b>teorema Modigliani-Miller<\/b> (llamado as&#237; por Franco Modigliani y Merton Miller)es parte esencial del pensamiento acad&#233;mico moderno sobre la estructura de capital de la empresa. El teorema afirma que el valor de una compa&#241;&#237;a no se ve afectado por la forma en que es financiada en ausencia de impuestos, costes de quiebra y asimetr&#237;as en la informaci&#243;n de los agentes. Oponi&#233;ndose al punto de vista tradicional, el teorema establece que es indiferente que la empresa logre el capital necesario para su funcionamiento acudiendo a sus accionista o emitiendo deuda. Tambi&#233;n es indiferente la pol&#237;tica de dividendos. <\/p>\n<p>Aqu&#237; dejo un art&#237;culo sobre el tema . <a href=\"http:\/\/www.mrtrader.com.ar\/mi\/MM.pdf\" target=\"_blank\">Paper<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>El teorema Modigliani-Miller (llamado as&#237; por Franco Modigliani y Merton Miller)es parte esencial del pensamiento acad&#233;mico moderno sobre la estructura de capital de la empresa. El teorema afirma que el valor de una compa&#241;&#237;a no se ve afectado por la forma en que es financiada en ausencia de impuestos, costes de quiebra y asimetr&#237;as en [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Teorema de Modigliani - Miller - M r. T r a d e r<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.mrtrader.com.ar\/?p=102\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Teorema de Modigliani - Miller - M r. T r a d e r\" \/>\n<meta property=\"og:description\" content=\"El teorema Modigliani-Miller (llamado as&#237; por Franco Modigliani y Merton Miller)es parte esencial del pensamiento acad&#233;mico moderno sobre la estructura de capital de la empresa. El teorema afirma que el valor de una compa&#241;&#237;a no se ve afectado por la forma en que es financiada en ausencia de impuestos, costes de quiebra y asimetr&#237;as en [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"http:\/\/www.mrtrader.com.ar\/?p=102\" \/>\n<meta property=\"og:site_name\" content=\"M r. T r a d e r\" \/>\n<meta property=\"article:published_time\" content=\"2008-08-24T18:56:13+00:00\" \/>\n<meta name=\"author\" content=\"Mr. Trade\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"Mr. Trade\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minuto\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"http:\/\/www.mrtrader.com.ar\/?p=102#article\",\"isPartOf\":{\"@id\":\"http:\/\/www.mrtrader.com.ar\/?p=102\"},\"author\":{\"name\":\"Mr. Trade\",\"@id\":\"http:\/\/www.mrtrader.com.ar\/#\/schema\/person\/5926826635e39cc691acca716926984f\"},\"headline\":\"Teorema de Modigliani &#8211; Miller\",\"datePublished\":\"2008-08-24T18:56:13+00:00\",\"dateModified\":\"2008-08-24T18:56:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"http:\/\/www.mrtrader.com.ar\/?p=102\"},\"wordCount\":118,\"commentCount\":0,\"publisher\":{\"@id\":\"http:\/\/www.mrtrader.com.ar\/#organization\"},\"articleSection\":[\"Variete\"],\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"http:\/\/www.mrtrader.com.ar\/?p=102#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"http:\/\/www.mrtrader.com.ar\/?p=102\",\"url\":\"http:\/\/www.mrtrader.com.ar\/?p=102\",\"name\":\"Teorema de Modigliani - Miller - M r. 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