Quote by Merton Miller

I had some of the students in my finance class actually do some empirical work on capital structures, to see if we could find any obvious patterns in the data, but we couldn't see any.

I had some of the students in my finance class actually do s

Summary

In this quote, the speaker is mentioning their attempt to identify evident trends or relationships within the data pertaining to capital structures. To investigate this, they assigned their finance class students to conduct empirical research. However, despite their efforts, no apparent patterns or correlations in the data were observed. Therefore, despite the application of empirical methods, no conclusive findings were drawn regarding capital structures.

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By Merton Miller

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