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Merton Miller, winner of the 1990 Noble Prize for Economics, is the Robert R. McCormick Distinguished Service Professor in the Graduate School of Business at the University of Chicago.
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Smith et al. (Mon,) studied this question.
synapsesocial.com/papers/6a0d0983be0a9f67ad7c87de — DOI: https://doi.org/10.2307/2326754
Clifford W. Smith
University of Rochester
Merton H. Miller
University of Chicago
Charles Upton
Rutgers, The State University of New Jersey
The Journal of Finance
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