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	Merton Howard Miller (Site not responding. Last check: 2007-10-14)
		Merton Howard Miller was born in Boston, Massachusetts.
		Merton Miller - initially in collaboration with Franco Modigliani - established a theory for the relation, via the capital market, between the capital asset structure and dividend policy of production firms on one hand and firms' market value and costs of capital on the other.
		Merton Miller is the researcher who has dominated this analysis during the last two decades.
	www.jewishvirtuallibrary.org /jsource/biography/MMiller.html (882 words)

	Merton Miller, Nobel laureate, leaves legacy of pioneering work in the theory of financial economics, corporate finance
		Merton H. Miller, a Nobel prize-winning finance professor at the University of Chicago Graduate School of Business whose pioneering research is one of the cornerstones of modern finance, died Saturday, June 3 at his home in Chicago.
		In 1990, Miller was awarded the Nobel prize in economics “for pioneering work in the theory of financial economics,” and for “fundamental contributions to the theory of corporate finance,” according to his Nobel citation by the Royal Swedish Academy of Science.
		“Merton Miller is widely considered to be the founder of modern finance, and the person who fathered the discipline from an institutional field of study to one that is truly a legitimate and well-accepted part of economics and business,” said Robert Hamada, Dean of the University of Chicago Graduate School of Business.
	www-news.uchicago.edu /releases/00/000603.miller.shtml (878 words)

	Merton Miller, 77, leaves legacy of corporate finance research
		Miller, 77, and fellow Nobel laureate Franco Modigliani developed the much-cited “MandM Theorems” on capital structure and dividend policy that are the foundations of the theory of corporate finance.
		In 1990, Miller was awarded the Nobel Memorial Prize in Economic Sciences “for pioneering work in the theory of financial economics” and for “fundamental contributions to the theory of corporate finance,” according to his Nobel citation by the Royal Swedish Academy of Science.
		Miller served as a public director of the Chicago Board of Trade from 1983 to 1985 and as a public director of the Chicago Mercantile Exchange from 1990 until his death.
	chronicle.uchicago.edu /000608/miller.shtml (789 words)

	An Economist for All Seasons - CFO.com
		As Miller cracked in a 1999 paper, this was "hardly a happy position for professors of finance to explain to their students, being trained, presumably, in the art of selecting optimal capital structures."
		Miller and Modigliani's thinking, most agree, helped create the field of modern finance--not so much because everything they said was true, but because they defined the context of the entire debate for decades to come.
		Three years after publishing their landmark paper, Miller moved to Chicago, where over 32 years he trained such leading lights as Michael Jensen, Harvard's pioneer in the agency-costs field; Eugene Fama, with whom he wrote the classic text Finance Theory; and current U of C's Graduate School of Business dean Robert Hamada.
	www.cfo.com /printable/article.cfm/2990948?f=options (693 words)

	Highbeam Encyclopedia - Search Results for Merton, (Site not responding. Last check: 2007-10-14)
		Merton, Thomas MERTON, THOMAS [Merton, Thomas] 1915-68, American religious writer and poet, b.
		He was lord chancellor from 1261 to 1263, was reappointed after the death of Henry III (1272), and was made bishop of Rochester in 1274.
		Miller, Merton H. [Miller, Merton H.] 1923-2000, American economist, grad.
	www.encyclopedia.com /SearchResults.aspx?Q=Merton, (530 words)

	Merton H. Miller, Biography: The Concise Encyclopedia of Economics: Library of Economics and Liberty
		In 1990, U.S. economists Merton H. Miller, Harry Markowitz, and William F. Sharpe shared the Nobel Prize for their contributions to financial economics.
		Miller's contribution was the Modigliani-Miller theorem, which he developed with Franco Modigliani while both were professors at Carnegie Institute of Technology.
		Miller was a strong defender of the view that the futures contracts are, just like other products, valuable to those who buy them.
	www.econlib.org /library/Enc/bios/Miller.html (470 words)

	Pensions and Investments, June 12, 2000
		Miller had been a director on the board of its mutual fund company, renowned for its pioneering small-cap indexing.
		Miller was a member of the board of the Chicago Mercantile Exchange, where he had been a director since 1990.
		Miller was a member of steering committee of the Group of 30 derivatives project, formed to recommend improvements in risk management control for global institutions and capital markets.
	www.kellogg.northwestern.edu /news/hits/000612pi.htm (599 words)

	Modern Finance Founder Merton Miller Dies
		Miller received the Nobel Memorial Prize in Economic Sciences in 1990 for his part of the "M&M theorem." Miller and Franco Modigliani, who received the Nobel in 1985, had worked together to establish a method to consistently value a firm.
		Miller worked at the U.S. Treasury Department and the Board of Governors of the Federal Reserve System before receiving his first academic appointment at the London School of Economics in 1952.
		In addition, Miller was the author of eight books and served as a public director on the Chicago Board of Trade from 1983 to 1985 and at the Chicago Mercantile Exchange from 1990 until his death.
	www.indexfunds.com /articles/20000626_mmiller2_new_act_TN.htm (271 words)

	Merton Miller and Modern Finance Financial Management (Financial Management Association) - Find Articles (Site not responding. Last check: 2007-10-14)
		I show how arbitrage is a constant theme in Merton Miller's career from his work in corporate finance to his analyses of financial innovation, financial crashes, and crises.
		In Robert Merton's asset pricing course, we learned that Merton Miller had defined the rules for empirical tests of the capital asset pricing model in his critique of the Douglas study with Myron Scholes.
		Work in the 1970s, including Merton Miller's best book, the Theory of Finance with Eugene Fama, made clear the conditions that must be met for cash flows not to be affected by a firm's capital structure.
	www.findarticles.com /p/articles/mi_m4130/is_4_29/ai_69414441 (1036 words)

	The Hindu Business Line : Merton Miller's valuation theory
		IT was received wisdom until Merton Miller in his M&M theorem (along with Franco Modigliani)expounded that the valuation of a company depended largely on the right mix of debt and equity.
		A financial theory stating "the market value of a firm is determined by its earning power and the risk of its underlying assets, and is not dependent on the way it chooses to finance its investments or distribute dividends" was a bit of a jolt to those who followed their intuitions on market valuations.
		Miller is best known for establishing the relationship between the structure of a firm's capital assets and its market value.
	www.thehindubusinessline.com /2005/06/09/stories/2005060900540800.htm (669 words)

	Leo Melamed - Essays & Speeches - Merton Miller
		In Merton’s words: "So rapid has been the pace of innovation in financial instruments over the past 20 years that nothing could have prepared him to understand the myriad of innovations, from eurodollars to swaptions." Merton embraced these instruments as if they were members of his personal family.
		It was then that some of the most powerful forces in the financial establishment were joined by some the most influential members of the media and gained the attention of some of the most prominent officials of government in their attempt to place blame for the crash on Chicago’s futures markets.
		Merton Miller’s credentials and uncompromising logic stood in their way.
	www.leomelamed.com /Speeches/00-merton.htm (1043 words)

	Merton H. Miller at IDEAS
		Postal Address: Merton H. Miller obtained the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel in 1990 and died in 2000.
		Miller, Merton H & Muthuswamy, Jayaram & Whaley, Robert E, 1994.
		Miller, Merton H & Upton, Charles W, 1985.
	ideas.repec.org /e/pmi18.html (942 words)

	Baker Library: About the Merton Exhibit
		As a doctoral student at the Massachusetts Institute of Technology in the late '60s, Merton was able to both draw on the tradition preceding him and begin establishing new foundations in economics through his working relationship with Paul Samuelson.
		Merton was closely involved in the work leading up to these publications and his own extensions of the formula appeared in print in the spring of 1973.
		We join in celebrating the achievements of Robert Merton and the future he has made possible with the combination of theoretical and practical traditions in finance and economics.
	www.library.hbs.edu /hc/exhibits/merton/about.htm (863 words)

	Miller Merton H - Search Results - MSN Encarta
		Miller Merton H - Search Results - MSN Encarta
		Miller, Merton H. Miller, Merton H. (1923-2000), American economist, recipient of the 1990 Nobel Prize in economics for developing groundbreaking theories in the...
		Miller, William H. H.: member of Benjamin Harrison’s cabinet (table)
	ca.encarta.msn.com /Miller_Merton_H.html (103 words)

	A Wrestler for Market Freedom
		That was Robert C. Merton, another Nobel laureate in economics, who helped found the giant hedge fund with Miller's former student Myron S. Scholes, also a Nobel laureate.
		Miller knows a little something about the law, being the son of a Boston lawyer.
		Miller scoffs at the notion that he twists things, saying it's the science, not the theory, that's compelling.
	www.wright.edu /~tran.dung/merton-miller.htm (900 words)

	An Interview with Merton Miller
		Merton Miller's illustrious academic career started at Harvard, from which he graduated in 1943.
		As I reread Miller's comments, I was impressed by the elegance of his points, and the compelling explanations of his views on market efficiency.
		Miller is an historic figure in the field of economics.
	www.dfaus.com /library/reprints/interview_miller_tanous (5888 words)

	Krannert School of Management - Raghavendra Rau
		Miller, Merton H., and Franco Modigliani, 1961, Dividend policy, growth, and the valuation of shares, Journal of Business 34, 411-433.
		Miller, Merton H., and Myron S. Scholes, 1978, Dividends and taxes, Journal of Financial Economics 6, 333-364.
		Miller, Merton H., and Myron S. Scholes, 1982, Dividends and taxes: Some empirical evidence, Journal of Political Economy 90, 1118-1141.
	www.mgmt.purdue.edu /faculty/rau/Mgmt618 (2524 words)

	"Miller, Henry, 1891-1980" Correspondence: Thomas Merton Center (Site not responding. Last check: 2007-10-14)
		The Miller correspondence contains original letters and postcards from Miller to Merton, and photocopies or carbon copies of letters from Merton to Miller.
		Henry Miller was a highly controversial author, and some of his works were censored in the United States until the 1960's.
		However, Miller, like Merton, had spent years in New York and in France and was an artist as well as author.
	www.merton.org /Research/Correspondence/z.asp?id=1362 (1091 words)

	Miller, Merton H. - HighBeam Encyclopedia (Site not responding. Last check: 2007-10-14)
		A professor at Carnegie-Mellon Univ. (1953-61) and the Univ. of Chicago (1961-93), he developed a theory with Franco Modigliani that seeks a relationship between a company's capital-asset structure and its market value.
		For his work, he shared the 1990 Nobel Memorial Prize in Economic Sciences with William Sharpe and Harry Markowitz.
		Find newspaper and magazine articles plus images and maps related to "Miller, Merton H. at HighBeam.
	www.encyclopedia.com /doc/1E1-miller-m1.html (210 words)

	Publisher description for Library of Congress control number 97210562
		Though routinely assailed by regulators and the media, derivatives are hailed by a celebrated group of practitioners, analysts, and theorists, led most notably by Nobel laureate Merton Miller.
		Miller is legendary for repeatedly demonstrating--often with humor and always with grace--the value of derivatives in price discovery, managing financial risk, and tailoring a risk-return profile.
		Praise for merton miller on derivatives "Miller is one of the clearest thinkers of our time.
	www.loc.gov /catdir/description/wiley0310/97210562.html (708 words)

	Merton M. Miller Winner of the 1990 Nobel Prize in Economics
		Miller, Merton H. on Encyclopedia.com (submitted by Davis)
		Merton H. Miller (1923 - 2000) Premio Nobel 1990 (submitted by Cub)
		Merton H. Miller Biography from Encyclopedia Britannica (submitted by www.britannica.com)
	almaz.com /nobel/economics/1990b.html (134 words)

	After the revolution - theory on capital structure proposed by professors Franco Modigliani and Merton Miller - ... (Site not responding. Last check: 2007-10-14)
		It has been 40 years since Franco Modigliani and Merton Miller first proposed that a company's value is independent of its capital structure - no matter how you slice it.
		Modigliani and Miller conceded the point in a correction paper published in 1963, and brought their estimates back in line.
		To this day, however, exactly how valuable the tax shield is for investors remains a bone of contention between Modigliani and Miller: "The whole issue of taxes is a divisive one," says Modigliani.
	www.findarticles.com /p/articles/mi_m3870/is_n7_v14/ai_21046474 (806 words)

	Merton H. Miller - Autobiography
		I was born in Boston, Massachusetts on May 16, 1923, the only child of Joel and Sylvia Miller.
		My father, an attorney, was a graduate of Harvard University (A.B. 1916) and in that one respect, at least, I followed in his footsteps, entering Harvard in 1940 and graduating in 1943 (A.B., magna cum laude, Class of 1944).
		Merton H. Miller died on June 3, 2000.
	nobelprize.org /nobel_prizes/economics/laureates/1990/miller-autobio.html (652 words)

	[No title]
		The late Merton Miller, Nobel Laureate in Economic Science, with Mike at the 2000 Milken Institute Global Conference.
		Miller and Mike engaged in a series of friendly debates about the importance of the capital structure of corporations.
		Mike believes that the way a company is capitalized — its relative use of equity and debt — can significantly affect its valuation and the risk of investing in it.
	www.mikemilken.com /photos.taf?photo=59 (109 words)

	Fair Investment Company Bookshop
		A rare opportunity to go one-on-one with an industry giant and one of today's most respected financial thinkers, Merton Miller on derivatives is a refreshingly accessible overview of derivatives, the revolution they have wrought, and the disasters they've supposedly caused.
		Though routinely assailed by regulators, derivatives are hailed by a celebrated group of practitioners, analysts, and theorists, led most notably by Nobel Laureate Merton Miller.
		Miller is legendary for repeatedly demonstrating - often with humor and always with grace - the value of derivatives in price discovery, managing financial risk, and tailoring a risk-return profile.
	books.global-investor.com /books/9089.htm?ginPtrCode=10308 (453 words)

	JB: Merton Miller Prize (Site not responding. Last check: 2007-10-14)
		Thanks to a generous donation of $6,000 from the Polaris Securities Group in Taipei, Taiwan, Republic of China, the value of the Merton Miller Prize has been raised to $8,000.
		The Journal of Business is pleased to announce the 1996 winner of the Merton Miller Prize, an award of $2,000 presented annually to the author(s) of the article judged to be the most significant published in the Journal during the preceding year.
		The Journal of Business is pleased to announce the 1995 winner of the Merton Miller Prize, an award of $2,000 presented annually to the author(s) of the article judged to be the most significant published in the Journal during the preceding year.
	www.journals.uchicago.edu /JB/new.html (357 words)

	Publisher description for Library of Congress control number 2001052274 (Site not responding. Last check: 2007-10-14)
		Widely regarded as one of the founders of modern corporate finance, Merton H. Miller was awarded a Nobel Prize in 1990 for his work in the theory of finance and financial economics.
		A common theme running throughout both volumes is Miller's conviction about the utility of market-based approaches to topics as diverse as dividend policy, bank regulation, the structure of securities markets, and competition between research universities and teaching colleges.
		Four of these papers are reprinted here, together with important later work by Miller in macroeconomics, corporate capital structure, management science, asset pricing, and the economic and regulatory problems of the financial services industry.
	www.loc.gov /catdir/description/uchi051/2001052274.html (256 words)

	"Miller, William J." Correspondence: Thomas Merton Center (Site not responding. Last check: 2007-10-14)
		There is no extant correspondence from Miller, but the thesis exists in the Merton Center collection (see "Related Information" below).
		The file contains one letter of response from Merton, critiquing Miller's plan for a Cistercian monastery with both praise and criticism based on experience from having lived the monastic life.
		William J. Miller wrote a plan for the construction of a Cistercian monastery as an undergraduate thesis in architecture at the University of Cincinnati in Ohio.
	www.merton.org /Research/Correspondence/ze712.html (276 words)

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