Merton Miller | Academic Influence

Merton Miller's AcademicInfluence.com Rankings

Merton Miller

Economics

#102

World Rank

#139

Historical Rank

#69

USA Rank

economics Degrees

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Economics

Merton Miller's Degrees

PhD Economics Johns Hopkins University

Why Is Merton Miller Influential?

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According to Wikipedia, Merton Howard Miller was an American economist, and the co-author of the Modigliani–Miller theorem , which proposed the irrelevance of debt-equity structure. He shared the Nobel Memorial Prize in Economic Sciences in 1990, along with Harry Markowitz and William F. Sharpe. Miller spent most of his academic career at the University of Chicago's Booth School of Business.

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Merton Miller's Published Works

Number of citations in a given year to any of this author's works

Total number of citations to an author for the works they published in a given year. This highlights publication of the most important work(s) by the author

Published Works

The Cost of Capital, Corporation Finance and the Theory of Investment (1958) (16578)
DIVIDEND POLICY, GROWTH, AND THE VALUATION OF SHARES (1961) (6320)
DEBT AND TAXES (1977) (3698)
Dividend Policy under Asymmetric Information (1985) (3384)
Liquidity and Market Structure (1988) (1551)
A Model of the Demand for Money by Firms (1966) (1310)
The Theory of Finance (1974) (1240)
Dividends and Taxes: Some Empirical Evidence (1982) (625)
SOME ESTIMATES OF THE COST OF CAPITAL TO THE ELECTRIC UTILITY INDUSTRY, 1954-57 (1966) (553)
Dividends and taxes (1978) (509)
Financial Innovation: The Last Twenty Years and the Next (1986) (494)
Costly Arbitrage : Evidence from Closed-End Funds (1997) (466)
The Modigliani-Miller Propositions After Thirty Years (1988) (448)
Mean Reversion of Standard & Poor's 500 Index Basis Changes: Arbitrage‐induced or Statistical Illusion? (1994) (370)
LEASING, BUYING, AND THE COST OF CAPITAL SERVICES (1976) (302)
Prices for State-contingent Claims: Some Estimates and Applications (1978) (262)
Are the Discounts on Closed-End Funds a Sentiment Index? (1993) (260)
Do the M & M propositions apply to banks? (1995) (253)
A Test of the Hotelling Valuation Principle (1985) (243)
Behavioral Rationality in Finance: The Case of Dividends (1986) (227)
Margin Regulation and Stock Market Volatility (1990) (212)
An Approach to the Regulation of Bank Holding Companies (1978) (168)
Clustering and Competition in Asset Markets1 (1997) (159)
Financial Innovations and Market Volatility (1992) (159)
Financial Markets and Economic Growth (1998) (143)
Metallgesellschaft and the Economics of Synthetic Storage (1995) (136)
APPLICATION OF LINEAR PROGRAMMING TO FINANCIAL BUDGETING AND THE COSTING OF FUNDS (1959) (111)
FINANCIAL INNOVATION: ACHIEVEMENTS AND PROSPECTS (1992) (105)
Part II — Analysis (1957) (93)
THE DEMAND FOR MONEY BY FIRMS: EXTENSIONS OF ANALYTIC RESULTS (1968) (93)
The History of Finance (1999) (79)
The Pricing of Oil and Gas: Some Further Results (1985) (75)
Macroeconomics: A Neoclassical Introduction (1974) (69)
THE HISTORY OF FINANCE: AN EYEWITNESS ACCOUNT (2000) (68)
The Carnegie Tech Management Game (1960) (68)
Decision and horizon rules for stochastic planning problems : a linear example (1966) (66)
HEDGING IN THE THEORY OF CORPORATE FINANCE: A REPLY TO OUR CRITICS (1995) (58)
The Wealth Transfers of Bankruptcy: Some Illustrative Examples (1977) (45)
A MODEL FOR THE OPTIMAL PROGRAMMING OF RAILWAY FREIGHT TRAIN MOVEMENTS (1956) (40)
VALUE AT RISK: USES AND ABUSES (1998) (40)
Is American Corporate Governance Fatally Flawed? (1994) (38)
The current Southeast Asia financial crisis1 (1998) (37)
[Credit Risk and Credit Rationing]: Further Comment* (1962) (37)
Merton Miller on Derivatives (1991) (36)
International competitiveness of U.S. futures exchanges (1990) (36)
Are the Discounts on Closed-End Funds a Sentiment Index? A Rejoinder (1993) (34)
The stochastic properties of velocity and the quantity theory of money (1978) (32)
Dividend Policy and Market Valuation: A Reply (1963) (32)
A Comment on the Modigliani-Miller Cost of Capital Thesis: Reply (1969) (30)
THE CASE FOR AN INDONESIAN CURRENCY BOARD (1999) (26)
The M&M Propositions 40 years later (1998) (23)
Do we really need more regulation of financial derivatives (1995) (22)
Asian financial crisis (1998) (20)
Economic costs and benefits of the proposed one—minute time bracketing regulation† (1986) (18)
The social costs of some recent derivatives disasters (1996) (17)
Corporate hedging in theory and practice: Lessons from Metallgesellschaft (1999) (17)
Commentary: Volatility, price resolution, and the effectiveness of price limits (1989) (16)
The economics and politics of index arbitrage in the U.S. and Japan (1993) (15)
STOCK INDEX FUTURES AND THE CRASH OF '87 (1989) (14)
Roundtable Discussion (1989) (13)
The Founders of Modern Finance: Their Prize-Winning Concepts and 1990 Nobel Lectures (1991) (13)
Tax Obstacles To Voluntary Corporate Restructuring (1991) (12)
The Orange County Bankruptcy and its Aftermath (1997) (11)
COMMENTARY: VOLATILITY, PRICES RESOLUTION, AND EFFECTIVENESS OF PRICE LIMITS (1989) (11)
The Derivatives Revolution After Thirty Years (1999) (10)
Dyadic programs and subdual methods (1961) (9)
Tick Size and Limit Order Execution : An Examination of Stock Splits (1997) (9)
The Case For Expensing Stock Options Against Earnings (1994) (8)
Science Over Politics (1999) (8)
Estimates of the Cost of Capital Relevant for Investment Decisions Under Uncertainty (1967) (7)
Mathematical Models for Financial Management (2001) (7)
Exchange Rate Policy Options for Southeast Asia (2000) (6)
The Regulation of Financial Markets (1993) (6)
Selected Works of Merton H. Miller: A Celebration of Markets (2002) (5)
ALTERNATIVE STRATEGIES FOR CORPORATE GOVERNANCE (1997) (5)
Essays in applied price theory (1980) (5)
Money and Stock Prices: The Channels of Influence: Discussion (1972) (5)
Reflections of a retiring Keynote Speaker (2000) (5)
Decreasing Average Cost and the Theory of Railroad Rates (1955) (4)
The future of futures (1997) (3)
EFFECTS OF A SHIFTED CORPORATE INCOME TAX ON CAPITAL STRUCTURE (1955) (2)
Auditing, management games, and accounting education (1964) (2)
THE NEW DISCLOSURES OF EXECUTIVE PAY (1993) (1)
Book Review:Portfolio Selection: Efficient Diversification of Investments. Harry M. Markowitz (1960) (1)
Margins and the future of the markets (1988) (1)
SOME REFLECTIONS ON RECENT MONETARY TURMOIL IN EASTERN EUROPE (1998) (1)
Book Review:The Capital Budgeting Decision. Harold Bierman, Jr., Seymour Smidt (1961) (1)
Management of Corporate Capital: Discussion (1963) (1)
Swaps and systemic risk in interbank markets (1993) (0)
The Economic Effect of Potential Grain Futures Contract Redesign (1993) (0)
The Economic Function of Futures Trading (1993) (0)
Tilburg University Strategic claim games corresponding to an NTU-game Borm (2005) (0)
Maintaining the Integrity of Grain Futures Contracts: The Economics of Manipulation and Its Prevention (1993) (0)
Futures Contracts as a Merchandising Tool: The Role of Delivery as a Means of Ownership Transfer (1993) (0)
REPORT OF THE PROGRAM CHAIRMAN OF THE 34TH ANNUAL MEETING OF THE AMERICAN FINANCE ASSN (1976) (0)
Corporate bankruptcy: Leverage, Nobel Memorial Prize Lecture (1990) (1996) (0)
The Role of the Futures Delivery Process (1993) (0)
Back Matter (1984) (0)
The Nobel Memorial Prize in Economics 1990: This Year's Laureates Are Pioneers in the Theory of Financial Economics and Corporate Finance (1991) (0)
Can cohort data be treated as genuine panel data? (2005) (0)
Decisions Under Uncertainty (1970) (0)
ACADEMIC FINANCE: REWARDS, REPLACEMENTS, AND RENEWALS (1987) (0)
Estrategias para la estructura y regulación del mercado de capitales (1990) (0)
Authors’ Reply: Efficient Gain and Loss Amortization and Optimal Funding in Pension Plans - Discussion by Jeremy Gold; Charles Cowling; Jon Exley; Nick Hudson; John Shuttleworth; Andrew Smith; Ian Sykes; Cliff A. Speed; Tim J. Gordon (2004) (0)

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