College essays
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Finance theory
concurs with the argument that the investors want to be compensated with
higher risks of doing business . Miller asserted that it is the
investment policy and not the finance strategy . Having concluded that
dividend policy to be irrelevant , he recommend that it should not
seriously as an effective management tools . His support is clearer for
the use of investment decisions instead .
Is the corporate structure theory empirically confirmed ?
Frankfurtera and Wood Jr . appear to agree with Miller as...














