HomeDefinitionsCompareDebt Modigliani and Miller Proposition IThe financial definition for Modigliani and Miller Proposition I:A proposition by Modigliani and Miller which states that a firm cannot change the total value of its outstanding securities by changing its capital structure proportions. Also called the irrelevance proposition. Similar MatchesDiscretionary PropositionDiscretionary PropositionA proposal on a proxy card that brokers can cast in favor of management if they have not yet heard from the beneficial holder ten days before the annual meeting. See: Ten-Day Rule Miller and Modiglianis irrelevance propositionMiller and Modiglianis irrelevance propositionTheory that if financial markets are perfect, corporate financial policy (including hedging policy) is irrelevant. Click to compare definitions of Modigliani and Miller Proposition I Click to view definitions beginning mo |