Which financial economists are most closely associated with the financial theory of optimal capital structure?

Question

Quizplus · Accepted Answer

The financial theory of optimal capital structure is closely associated with the work of economists Franco Modigliani and Merton Miller, who developed the Modigliani-Miller theorem in 1958. This theorem states that in a perfect market, the value of a firm is independent of its capital structure, meaning that the market value of a levered firm is equal to the market value of an unlevered firm.

Which Financial Economists Are Most Closely Associated with the Financial