KAPITAL AKTIVLARINI BAHOLASHDA MODILYANI-MILLER MODELINING AHAMIYATI
Ключевые слова:
Modilyani-Miller modeli, Kapital tarkibi, Kapital aktivlarini baholash, Soliq ta’siri, WACC (Weighted Average Cost of Capital), CAPM (Capital Asset Pricing Model), Risk va daromad, Dividend siyosatiАннотация
Ushbu maqola Modilyani va Miller (MM) modelining kapital aktivlarini baholashdagi nazariy va amaliy ahamiyatini tahlil qiladi. MM modeli zamonaviy moliyaviy nazariyaning asosiy ustunlaridan biri bo‘lib, korxonaning kapital tuzilmasi — ya’ni qarz va o‘z mablag‘lari nisbati — kompaniya qiymatiga ta’sir qilmasligini ilgari suradi. Maqolada ushbu modelning ikki asosiy versiyasi: soliqsiz va soliq mavjud bo‘lgan holatlar uchun modifikatsiyasi ko‘rib chiqiladi. Shuningdek, modelning Kapital Aktivlarini Baholash Modeli (CAPM) bilan o‘zaro bog‘liqligi, real iqtisodiy cheklovlarda modelning qo‘llanilishi, hamda korxonalar uchun strategik moliyaviy qarorlar qabul qilishda MM modelining ahamiyati tahlil qilinadi. Mualliflar nazariyani iqtisodiy realiyalar bilan solishtirib, uni to‘ldirish va modernizatsiya qilish zaruratini ham ko‘rsatadilar
Библиографические ссылки
https://davidpublisher.com/Public/uploads/Contribute/671f49705ba58.pdf
Shemetov, V. Management Studies, Sep.-Oct. 2024, Vol. 12, No. 5, 255-276 doi: 10.17265/2328-2185/2024.05.001. https:// david publisher.com /Public/ uploads/ Contribute/ 671f49705ba58.pdf
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