What makes the MM theorem ineffective? Tax law? Enterprise hazard? Or any other?
究竟是什么使得MM定理失灵？税法？企业风险？还是其它？
Since MM theorem, the people have not stopped to explore the "puzzle of the capital structure".
自MM定理以来，人们始终没有停止过对“资本结构之谜”的探索。
The theory of corporate capital structure has been in focus by economic circles since MM theorem was born.
自从MM定理诞生以来，企业的资本结构理论一直是经济学界关注的焦点之一。
MM theorem 3 indicates that financial policy is not related to capital structure in a market without friction.
经典MM定理3表明：在无磨擦的完全市场下，财务政策和资本结构是不相关的。
Capital structure is an important factor that has influence on company governance structure and operating mechanism. MM theorem lays a foundation of capital structure theory of contemporary company.
资本结构是影响公司治理结构和经营运作机制的重要因素，MM定理奠定了现代公司资本结构理论的基石。
Capital structure is an important factor that has influence on company governance structure and operating mechanism. MM theorem lays a foundation of capital structure theory of contemporary company.
资本结构是影响公司治理结构和经营运作机制的重要因素，MM定理奠定了现代公司资本结构理论的基石。
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