{"id":39571,"date":"2026-05-06T09:01:26","date_gmt":"2026-05-06T00:01:26","guid":{"rendered":"https:\/\/blog.agentsoft.co.kr\/index.php\/2026\/05\/06\/39571\/"},"modified":"2026-05-06T09:01:26","modified_gmt":"2026-05-06T00:01:26","slug":"mm%ec%9d%b4%eb%a1%a0%ea%b3%bc-%ea%b7%b8-%ec%9d%b4%ed%9b%84%ec%9d%98-%ec%9e%90%eb%b3%b8%ea%b5%ac%ec%a1%b0%ec%9d%b4%eb%a1%a0%ec%9d%98-%eb%b0%9c%ec%a0%84%ea%b3%bc%ec%a0%95%ec%9d%84-%ec%a0%95%eb%a6%ac","status":"publish","type":"post","link":"https:\/\/blog.agentsoft.co.kr\/index.php\/2026\/05\/06\/39571\/","title":{"rendered":"MM\uc774\ub860\uacfc \uadf8 \uc774\ud6c4\uc758 \uc790\ubcf8\uad6c\uc870\uc774\ub860\uc758 \ubc1c\uc804\uacfc\uc815\uc744 \uc815\ub9ac\ud574 \ubcf4\uc2dc\uc624."},"content":{"rendered":"

<\/p>\n

\ubaa9\ucc28<\/strong><\/p>\n

1. \uc11c\ub860
\n2. \ubcf8\ub860
\n3. \uacb0\ub860<\/p>\n

\ubcf8\ubb38\ub0b4\uc6a9<\/strong><\/p>\n

MM\uc774\ub860\uacfc \uadf8 \uc774\ud6c4\uc758 \uc790\ubcf8\uad6c\uc870\uc774\ub860\uc740 \uae30\uc5c5 \uc7ac\ubb34 \uad00\ub9ac\uc5d0\uc11c \ub9e4\uc6b0 \uc911\uc694\ud55c \uc5ed\ud560\uc744 \ud55c\ub2e4. \uae30\uc5c5\uc774 \uc790\ubcf8\uc744 \uc5b4\ub5bb\uac8c \uad6c\uc131\ud558\ub294\uac00\ub294 \uae30\uc5c5\uc758 \uac00\uce58\ub97c \uacb0\uc815\uc9d3\ub294 \ud575\uc2ec \uc694\uc18c \uc911 \ud558\ub098\uc774\ub2e4. \ub530\ub77c\uc11c \uc790\ubcf8\uad6c\uc870\uc5d0 \ub300\ud55c \uc774\ud574\uc640 \uc801\uc808\ud55c \uc804\ub7b5 \uc218\ub9bd\uc740 \uae30\uc5c5\uc758 \uc9c0\uc18d \uac00\ub2a5\ud55c \uc131\uc7a5\uacfc \uc7ac\ubb34 \uc548\uc815\uc131\uc744 \ubcf4\uc7a5\ud558\ub294 \ub370 \ud544\uc218\uc801\uc774\ub2e4. \ubcf8 \ub808\ud3ec\ud2b8\ub294 MM\uc774\ub860\uc758 \uae30\ubcf8 \uac1c\ub150\uacfc \uadf8 \uc774\ud6c4 \ubc1c\uc804\ud55c \uc790\ubcf8\uad6c\uc870\uc774\ub860\ub4e4\uc744 \uc815\ub9ac\ud558\uc5ec \uae30\uc5c5\uc758 \uc790\ubcf8\uad6c\uc870 \uacb0\uc815\uc5d0 \ub300\ud55c \uc774\ud574\ub97c \ub3d5\uace0\uc790 \ud55c\ub2e4. \uba3c\uc800, MM\uc774\ub860(Modigliani-Miller \uc774\ub860)\uc758 \uae30\ubcf8 \uac1c\ub150\uc744 \uc0b4\ud3b4\ubcf4\uaca0\ub2e4. MM\uc774\ub860\uc740 1958\ub144 \ud504\ub791\ucf54 \ubaa8\ub51c\ub9ac\uc544\ub2c8\uc640 \uba38\ud2bc \ubc00\ub7ec\uc5d0 \uc758\ud574 \uc81c\uc548\ub41c \uc774\ub860\uc73c\ub85c, \uc2dc\uc7a5\uc774 \uc644\uc804\ud558\uace0 \uc815\ubcf4\uac00 \ud6a8\uc728\uc801\uc73c\ub85c \uc804\ub2ec\ub418\ub294 \uc870\uac74\ud558\uc5d0\uc11c \uae30\uc5c5\uc758 \uc790\ubcf8\uad6c\uc870\ub294 \uae30\uc5c5\uc758 \uac00\uce58\ub97c \uacb0\uc815\uc9d3\uc9c0 \uc54a\ub294\ub2e4\uace0 \uc8fc\uc7a5\ud55c\ub2e4. \uc774 \uc774\ub860\uc740 \uc790\ubcf8\uad6c\uc870\uac00 \ubb34\uad00\ud558\ub2e4\ub294 \ubd88\ubcc0\uc131 \uc774\ub860\uc73c\ub85c\ub3c4 \uc54c\ub824\uc838 \uc788\uc73c\uba70, \uae30\uc5c5\uc758 \ubd80\ucc44 \ube44\uc728\uc774 \uae30\uc5c5 \uac00\uce58\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce58\uc9c0 \uc54a\ub294\ub2e4\ub294 \ub0b4\uc6a9\uc744 \ub2f4\uace0 \uc788\ub2e4. \uc774\ub294 \uae30\uc5c5\uc774 \ubd80\ucc44\ub97c \uc0ac\uc6a9\ud558\ub4e0 \uc790\ubcf8\uc744 \uc0ac\uc6a9\ud558\ub4e0 \uadf8\ub85c \uc778\ud574 \uae30\uc5c5 \uac00\uce58\uac00 \ubcc0\ud558\uc9c0 \uc54a\ub294\ub2e4\ub294 \ub9e4\uc6b0 \ud601\uc2e0\uc801\uc778 \uc8fc\uc7a5\uc774\ub2e4. \uadf8\ub7ec\ub098 \ud604\uc2e4\uc5d0\uc11c\ub294 \uc138\uae08, \ud30c\uc0b0 \ube44\uc6a9, \ube44\ub300\uce6d \uc815\ubcf4, \ub300\ub9ac\uc778 \ube44\uc6a9 \ub4f1\uc758 \ub2e4\uc591\ud55c \uc694\uc778\ub4e4\uc774 \uc874\uc7ac\ud558\uba70, \uc774\ub294 \uc790\ubcf8\uad6c\uc870\uc5d0 \ud070 \uc601\ud5a5\uc744 \ubbf8\uce5c\ub2e4.<\/p>\n

\ucd9c\ucc98 : \ud574\ud53c\ucea0\ud37c\uc2a4<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\ubaa9\ucc28 1. \uc11c\ub860 2. \ubcf8\ub860 3. \uacb0\ub860 \ubcf8\ubb38\ub0b4\uc6a9 MM\uc774\ub860\uacfc \uadf8 \uc774\ud6c4\uc758 \uc790\ubcf8\uad6c\uc870\uc774\ub860\uc740 \uae30\uc5c5 \uc7ac\ubb34 \uad00\ub9ac\uc5d0\uc11c \ub9e4\uc6b0 \uc911\uc694\ud55c \uc5ed\ud560\uc744 \ud55c\ub2e4. \uae30\uc5c5\uc774 \uc790\ubcf8\uc744 \uc5b4\ub5bb\uac8c \uad6c\uc131\ud558\ub294\uac00\ub294 \uae30\uc5c5\uc758 \uac00\uce58\ub97c \uacb0\uc815\uc9d3\ub294 \ud575\uc2ec \uc694\uc18c \uc911 \ud558\ub098\uc774\ub2e4. \ub530\ub77c\uc11c \uc790\ubcf8\uad6c\uc870\uc5d0 \ub300\ud55c \uc774\ud574\uc640 \uc801\uc808\ud55c \uc804\ub7b5 \uc218\ub9bd\uc740 \uae30\uc5c5\uc758 \uc9c0\uc18d \uac00\ub2a5\ud55c \uc131\uc7a5\uacfc \uc7ac\ubb34 \uc548\uc815\uc131\uc744 \ubcf4\uc7a5\ud558\ub294 \ub370 \ud544\uc218\uc801\uc774\ub2e4. \ubcf8 \ub808\ud3ec\ud2b8\ub294 MM\uc774\ub860\uc758 \uae30\ubcf8 \uac1c\ub150\uacfc \uadf8 \uc774\ud6c4 \ubc1c\uc804\ud55c \uc790\ubcf8\uad6c\uc870\uc774\ub860\ub4e4\uc744 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[46753,49565,49566],"class_list":["post-39571","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-46753","tag-mm","tag-49566"],"_links":{"self":[{"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/posts\/39571","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/comments?post=39571"}],"version-history":[{"count":0,"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/posts\/39571\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/media?parent=39571"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/categories?post=39571"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/tags?post=39571"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}