A recent paper by Merton H. Miller and Franco Modigliani 4 (hereafter MM) represents an interesting empirical extension of their earlier theoretical work, which stipulated the invariance of the cost ...of capital to the capital structureo f a businessf irm, abstractingf romnth e effects of the corporate income tax. This comment indicates further deficiencies in the specific econometric model used by MM which suggest that their estimates are subject to downward bias, and we shall present an alternative approach and alternative estimates of the cost of capital.
Book reviews Friend, John; Page, Edward; Cherry, Gordon E. ...
Local Government Studies,
19/5/1/, Letnik:
9, Številka:
3
Book Review
Recenzirano
Approaches in Public Policy,
Edited by S. N. Leach and J. D. Stewart, Allen and Unwin, 1982, pp. 263, £18.00 hardback, £6.95 paperback.
The Nationalization of State Government,
Edited by Jerome J. ...Hanus, Lexington, Mass., D. C. Heath and Company, 1981, pp. 169+xiii, £14.00
Remaking Cities: Contradictions of the Recent Urban Environment,
Alison Ravetz, Croom Helm, 1980, pp. 375, £14.95.
The Politics of Local Government in the United Kingdom,
Alan Alexander, Longmans, 1982, pp. 143, £3.95 paperback.
Social Measurement and Social Indicators
Michael Carley, Allen and Unwin, 1981, pp. 195, £12.99 hardback, £5.95 paperback.
Association of Liberal Councillors: Campaign Booklets
No. 3:On the Council: A Guide for Liberals,
Trevor Jones, 1979, pp. 22, £1.00;
No. 7: Life in the Balance: A Liberal Guide to Authorities Where No Party Has a Majority,
Margaret Clay, 1982, pp. 20, £1.00;
No. 10: How to Get Things Done: A Guide to Lobbying the Council
Mike Oburski, 1981, pp. 12, 50p;
No. 12: The Theory and Practice of Community Politics,
Bernard Greaves and Gordon Lishman, 1980, pp. 20, 60p.
The Politics of Independence,
Frank Beaky and John Sewel, Aberdeen University Press, pp.viii+272, £15.00;
The Social Impact of Oil: The Case of Peterhead,
Robert Moore, Routledge and Kegan Paul, 1982, pp.x+189, £12.50.
Community versus Crime,
Colin Moore and John Brown, Bedford Square Press (NCVO), pp.150, £4.95 paperback, £8.95 hardback.
Whither State Welfare?: Policy and Implementation in the Personal Social Services 1979-80,
Adrian Webb and Gerald Wistow, Royal Institute of Public Administration, 1982, pp.93, £2.95.
Public Participation in Local Services,
N. Boaden, M. Goldsmith, W. Hampton and P. Stringer, Longman, 1982, pp. 194, £3.SO paperback.
Regional Government in England,
Edited by Brian W. Hogwood and Michael Keating, Oxford University Press, 1982, pp. 271, £18.50.
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