Merton Miller

Stulz, René M.

doi:10.2139/ssrn.902350

Download This Paper

Open PDF in Browser

Add Paper to My Library

Merton Miller

9 Pages Posted: 18 May 2006

See all articles by René M. Stulz

René M. Stulz

Ohio State University (OSU) - Department of Finance; National Bureau of Economic Research (NBER); European Corporate Governance Institute (ECGI)

Date Written: April 2006

Abstract

Merton Miller was at the center of the transformation of academic finance from a descriptive field to a science. His principal contribution to this transformation was the introduction of arbitrage arguments which underlie most theoretical contributions in finance and remain central to the way financial economists analyze finance problems to this day. These arbitrage arguments underlie his and Franco Modigliani's famous irrelevance propositions.

JEL Classification: B31, G0, G30

Suggested Citation: Suggested Citation

Stulz, Rene M., Merton Miller (April 2006). Available at SSRN: https://ssrn.com/abstract=902350 or http://dx.doi.org/10.2139/ssrn.902350