Professor Merton Miller received the Nobel Prize in Economics for his work on

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Professor Merton Miller received the Nobel Prize in Economics for his work on capital structure theory, which analyzed the impact of debt and equity financing on a firm's value. He was a co-author of the Modigliani-Miller theorem, which states that in a perfect market, the value of a firm is determined purely by its assets and not by its choice of financing. His work has had a significant impact on the field of corporate finance.

Professor Merton Miller Received the Nobel Prize in Economics for His