{"id":40932,"date":"2026-05-20T09:00:22","date_gmt":"2026-05-20T00:00:22","guid":{"rendered":"https:\/\/blog.agentsoft.co.kr\/index.php\/2026\/05\/20\/40932\/"},"modified":"2026-05-20T09:00:22","modified_gmt":"2026-05-20T00:00:22","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-2","status":"publish","type":"post","link":"https:\/\/blog.agentsoft.co.kr\/index.php\/2026\/05\/20\/40932\/","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><img decoding=\"async\" src=\"https:\/\/image4.happycampus.com\/Production\/thumbnail\/2024\/06\/12\/data29989303-0001.jpg\"><img decoding=\"async\" src=\"https:\/\/image4.happycampus.com\/Production\/thumbnail\/2024\/06\/12\/data29989303-0002.jpg\"><\/p>\n<p><strong>\ubaa9\ucc28<\/strong><\/p>\n<p>\uc5c6\uc74c<\/p>\n<p><strong>\ubcf8\ubb38\ub0b4\uc6a9<\/strong><\/p>\n<p>\uc790\ubcf8\uad6c\uc870 \uc774\ub860\uc740 \uae30\uc5c5\uc758 \uc7ac\ubb34 \uc804\ub7b5 \uc218\ub9bd\uc5d0 \uc788\uc5b4 \uc911\uc694\ud55c \uc5ed\ud560\uc744 \ud55c\ub2e4. \uadf8\uc911\uc5d0\uc11c\ub3c4 MM\uc774\ub860(Miller-Modigliani \uc774\ub860)\uc740 \uc790\ubcf8\uad6c\uc870 \uc774\ub860\uc758 \ucd9c\ubc1c\uc810\uc73c\ub85c \uac04\uc8fc\ub418\uba70, \ud604\ub300 \uc7ac\ubb34 \uc774\ub860\uc758 \uae30\ucd08\ub97c \uc81c\uacf5\ud55c\ub2e4. MM\uc774\ub860\uc740 1958\ub144 \ud504\ub791\ucf54 \ubaa8\ub51c\ub9ac\uc544\ub2c8\uc640 \uba58\ud2b8 H. \ubc00\ub7ec\uc5d0 \uc758\ud574 \uc81c\uc548\ub418\uc5c8\uc73c\uba70, \uae30\uc5c5\uc758 \uc790\ubcf8\uad6c\uc870\uac00 \uae30\uc5c5\uac00\uce58\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5\uc744 \uc124\uba85\ud558\uace0\uc790 \ud55c\ub2e4. \uc774 \uc774\ub860\uc740 \uae30\uc5c5\uc758 \uc790\ubcf8\uad6c\uc870\uc640 \uae30\uc5c5\uac00\uce58 \uc0ac\uc774\uc758 \uad00\uacc4\ub97c \uc774\ud574\ud558\ub294 \ub370 \uc911\uc694\ud55c \ud1a0\ub300\ub97c \ub9c8\ub828\ud558\uc600\ub2e4.<\/p>\n<p>MM\uc774\ub860\uc758 \uccab \ubc88\uc9f8 \uba85\uc81c\ub294 \uae30\uc5c5\uc758 \uc790\ubcf8\uad6c\uc870\uac00 \uae30\uc5c5\uac00\uce58\uc5d0 \uc601\ud5a5\uc744 \ubbf8\uce58\uc9c0 \uc54a\ub294\ub2e4\ub294 \uac83\uc774\ub2e4. \uc989, \uae30\uc5c5\uc758 \uac00\uce58\uac00 \ubd80\ucc44\uc640 \uc790\uae30\uc790\ubcf8\uc758 \ube44\uc728\uc5d0 \uc758\ud574 \uc88c\uc6b0\ub418\uc9c0 \uc54a\ub294\ub2e4\ub294 \uac83\uc774\ub2e4. \uc774\ub294 \uc644\uc804\uacbd\uc7c1 \uc2dc\uc7a5\uacfc \ubb34\uc138\uae08 \ud658\uacbd\uc744 \uac00\uc815\ud560 \ub54c \uc131\ub9bd\ud558\ub294 \ub0b4\uc6a9\uc774\ub2e4. \ub450 \ubc88\uc9f8 \uba85\uc81c\ub294 \uae30\uc5c5\uc758 \uc790\ubcf8\ube44\uc6a9\uc774 \uc790\ubcf8\uad6c\uc870\uc5d0 \uc601\ud5a5\uc744 \ubc1b\uc9c0 \uc54a\uace0, \uae30\uc5c5\uc758 \ubb34\uc704\ud5d8 \uc790\ubcf8\ube44\uc6a9\uacfc \ub3d9\uc77c\ud558\ub2e4\ub294 \uac83\uc774\ub2e4. \uc774\ub294 \uae30\uc5c5\uc774 \ubd80\ucc44\ub97c \uc774\uc6a9\ud558\uc5ec \uc790\ubcf8\uad6c\uc870\ub97c \ubcc0\ud654\uc2dc\ucf1c\ub3c4 \uc804\uccb4 \uc790\ubcf8\ube44\uc6a9\uc740 \ubcc0\ud558\uc9c0 \uc54a\ub294\ub2e4\ub294 \uc758\ubbf8\uc774\ub2e4.<\/p>\n<p>\uadf8\ub7ec\ub098 MM\uc774\ub860\uc740 \ud604\uc2e4\uc801\uc778 \uc2dc\uc7a5 \uc870\uac74\uc744 \ubc18\uc601\ud558\uc9c0 \uc54a\ub294\ub2e4\ub294 \ud55c\uacc4\uac00 \uc788\ub2e4. \uc138\uae08, \uac70\ub798\ube44\uc6a9, \ud30c\uc0b0\ube44\uc6a9, \ube44\ub300\uce6d \uc815\ubcf4 \ub4f1\uc758 \uc694\uc778\uc744 \uace0\ub824\ud558\uc9c0 \uc54a\uc558\uae30 \ub54c\ubb38\uc774\ub2e4. \uc774\ub7ec\ud55c \ud55c\uacc4\ub97c \uadf9\ubcf5\ud558\uae30 \uc704\ud574 \uc218\uc815\ub41c \uc774\ub860\ub4e4\uc774 \uc81c\uc548\ub418\uc5c8\ub2e4. \uc608\ub97c \ub4e4\uc5b4, MM\uc774\ub860\uc758 \uc138\uae08 \uace0\ub824 \ubaa8\ub378\uc740 \ubd80\ucc44 \uc0ac\uc6a9\uc774 \uc138\uae08 \ubc29\ud328 \ud6a8\uacfc\ub97c \uac00\uc838\uc640 \uae30\uc5c5\uac00\uce58\ub97c \uc99d\uac00\uc2dc\ud0ac \uc218 \uc788\uc74c\uc744 \uc81c\uc2dc\ud55c\ub2e4.<\/p>\n<p>\ucd9c\ucc98 : <a href=\"https:\/\/www.happycampus.com\/report-doc\/29989303\/\" target=\"_blank\">\ud574\ud53c\ucea0\ud37c\uc2a4<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\ubaa9\ucc28 \uc5c6\uc74c \ubcf8\ubb38\ub0b4\uc6a9 \uc790\ubcf8\uad6c\uc870 \uc774\ub860\uc740 \uae30\uc5c5\uc758 \uc7ac\ubb34 \uc804\ub7b5 \uc218\ub9bd\uc5d0 \uc788\uc5b4 \uc911\uc694\ud55c \uc5ed\ud560\uc744 \ud55c\ub2e4. \uadf8\uc911\uc5d0\uc11c\ub3c4 MM\uc774\ub860(Miller-Modigliani \uc774\ub860)\uc740 \uc790\ubcf8\uad6c\uc870 \uc774\ub860\uc758 \ucd9c\ubc1c\uc810\uc73c\ub85c \uac04\uc8fc\ub418\uba70, \ud604\ub300 \uc7ac\ubb34 \uc774\ub860\uc758 \uae30\ucd08\ub97c \uc81c\uacf5\ud55c\ub2e4. MM\uc774\ub860\uc740 1958\ub144 \ud504\ub791\ucf54 \ubaa8\ub51c\ub9ac\uc544\ub2c8\uc640 \uba58\ud2b8 H. \ubc00\ub7ec\uc5d0 \uc758\ud574 \uc81c\uc548\ub418\uc5c8\uc73c\uba70, \uae30\uc5c5\uc758 \uc790\ubcf8\uad6c\uc870\uac00 \uae30\uc5c5\uac00\uce58\uc5d0 \ubbf8\uce58\ub294 \uc601\ud5a5\uc744 \uc124\uba85\ud558\uace0\uc790 \ud55c\ub2e4. \uc774 \uc774\ub860\uc740 \uae30\uc5c5\uc758 \uc790\ubcf8\uad6c\uc870\uc640 \uae30\uc5c5\uac00\uce58 \uc0ac\uc774\uc758 \uad00\uacc4\ub97c \uc774\ud574\ud558\ub294 \ub370 \uc911\uc694\ud55c \ud1a0\ub300\ub97c \ub9c8\ub828\ud558\uc600\ub2e4. MM\uc774\ub860\uc758 \uccab [&hellip;]<\/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":[34014,46753,51260],"class_list":["post-40932","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-34014","tag-46753","tag-a"],"_links":{"self":[{"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/posts\/40932","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=40932"}],"version-history":[{"count":0,"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/posts\/40932\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/media?parent=40932"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/categories?post=40932"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.agentsoft.co.kr\/index.php\/wp-json\/wp\/v2\/tags?post=40932"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}