Financement des entreprises

3789 mots 16 pages
Why Financial Structure Matters Joseph E. Stiglitz The Journal of Economic Perspectives, Vol. 2, No. 4. (Autumn, 1988), pp. 121-126.
Stable URL: The Journal of Economic Perspectives is currently published by American Economic Association.

Your use of the JSTOR archive indicates your acceptance of JSTOR's Terms and Conditions of Use, available at JSTOR's Terms and Conditions of Use provides, in part, that unless you have obtained prior permission, you may not download an entire issue of a journal or multiple copies of articles, and you may use content in the JSTOR archive only for your personal, non-commercial use. Please contact the publisher regarding any further use of this work. Publisher contact information may be obtained at Each copy of any part of a JSTOR transmission must contain the same copyright notice that appears on the screen or printed page of such transmission.

JSTOR is an independent not-for-profit organization dedicated to and preserving a digital archive of scholarly journals. For more information regarding JSTOR, please contact Mon Jun 18 15:26:27 2007

Journal of Economic Perspectives- Volume 2, Number 4 -Fall 1988- Pages 121 -126

Why Financial Structure Matters

Joseph E. Stiglitz

he 1958 paper by Franco Modigliani and Merton Miller has been justly hailed as a landmark in the modern theory of finance. What has not been sufficiently emphasized is the importance of the paper to the development of economic theory and practice. Indeed, it is ironic that a paper which purportedly established that one need not pay any attention to financial structure-that financial structure was irrelevant-should have focused economists' attention on finance. Merton Miller gives what must be part of the explanation in his preceding paper in

en relation

  • Le financement des entreprises
    1399 mots | 6 pages
  • Financement des entreprises
    596 mots | 3 pages
  • Le financement des entreprises
    2661 mots | 11 pages
  • Financement des entreprises
    3752 mots | 16 pages
  • Le financement des entreprises
    726 mots | 3 pages
  • Ses financement des entreprise
    407 mots | 2 pages
  • Financement des entreprises
    2115 mots | 9 pages
  • Financement des entreprise
    16583 mots | 67 pages
  • Financement des entreprises
    753 mots | 4 pages
  • Le financement des entreprises
    402 mots | 2 pages