Merton Miller

Dictionary Says

Definition of 'Merton Miller'


A prominent Chicago school economist. Miller was born in 1923 in Boston and won the Nobel Memorial Prize in Economics in 1990, along with Harry Markowitz and William Sharpe, for his work on the Modigliani-Miller theorem, which deals with the relationship between the value of a company and its debt-equity structure. His research focused on corporate finance and on the economic and regulatory problems of the financial services industry.
Investopedia Says

Investopedia explains 'Merton Miller'


Early in his career, Miller worked as an economist for the federal government, and later, he was a public director of the Chicago Board of Trade. He earned his Ph.D. from Johns Hopkins and taught at the London School of Economics and Carnegie Mellon University before joining the University of Chicago in 1961, where he taught until 1993.

comments powered by Disqus
Hot Definitions
  1. Valuation

    The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
  2. Valuation

    The process of determining the current worth of an asset or company. There are many techniques that can be used to determine value, some are subjective and others are objective.
  3. Tech Street

    A term used in the financial markets and the press to refer to the technology sector. Companies like Intel, Microsoft, Apple and Dell are all considered to be part of Tech Street.
  4. Tech Street

    A term used in the financial markets and the press to refer to the technology sector. Companies like Intel, Microsoft, Apple and Dell are all considered to be part of Tech Street.
  5. Momentum Investing

    An investment strategy that aims to capitalize on the continuance of existing trends in the market. The momentum investor believes that large increases in the price of a security will be followed by additional gains and vice versa for declining values.
  6. Momentum Investing

    An investment strategy that aims to capitalize on the continuance of existing trends in the market. The momentum investor believes that large increases in the price of a security will be followed by additional gains and vice versa for declining values.
Trading Center