Homemade leverage allows investors to mimic corporate leverage by using personal borrowing. Discover how this strategy works ...

We’ll send you a myFT Daily Digest email rounding up the latest US news every morning. The ferocity of the economic crisis has tossed a few cherished theorems into the dustbin – do people still ...

According to the famous Modigliani-Miller theorem, under certain idealized conditions it doesn’t matter if firms pay dividends or not. One of those idealized conditions involves ignoring tax ...