If you think about it...I'm a student of Merton Miller, after all.
Along with Merton Miller, he formulated the important Modigliani-Miller theorem in corporate finance.
The Theory of Finance (with Merton Miller).
Merton Miller said the other day in his office at the University of Chicago, where he is professor emeritus at the graduate school of business.
Merton Miller took the Markowitz concept and ran with it in an entirely different - and possibly even more important - direction.
The first innovation by Franco Modigliani and Merton Miller was to show that this is wrong.
At the same time, Scholes continued collaborating with Merton Miller and Michael Jensen.
When I came here, Merton Miller and Gene Fama were the leaders of the finance group.
Merton Miller argued in 1977 that investors, when deciding between a company's debt or equity, will be concerned with the returns after both corporate and personal taxes.
A model developed by Merton Miller and Kevin Rock in 1985 suggests that dividend announcements convey information to investors regarding the firm's future prospects.