Leverage

Authors

  • MERTON H. MILLER

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    • Robert R. McCormick Distinguished Service Professor, Graduate School of Business, University of Chicago. Helpful comments on an earlier draft were made by my colleagues Steven Kaplan and Robert Vishny. © The Nobel Foundation 1990.

ABSTRACT

Nobel Memorial Prize Lecture for presentation at the Royal Swedish Academy of Sciences in Stockholm, December 7, 1990. Helpful comments on an earlier draft were made by my colleagues Steven Kaplan and Robert Vishny.

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