Stewart Myers | |
---|---|
Nationality | American |
Academic background | |
Alma mater | Williams College Stanford University |
Academic work | |
Discipline | Economics |
Sub-discipline | Financial Economics |
Institutions | MIT Sloan School of Management |
Stewart Clay Myers is the Robert C. Merton Professor of Financial Economics at the MIT Sloan School of Management. [1] He is notable for his work on capital structure and innovations in capital budgeting and valuation, and has had a "remarkable influence" on both the theory and practice of corporate finance. [2] Myers, in fact, coined the term " real option". He is the co-author with Richard A. Brealey and Franklin Allen of Principles of Corporate Finance, a widely used and cited business school textbook, now in its 11th edition. He is also the author of dozens of research articles. [3]
He holds a Ph.D. and MBA from Stanford University and an A.B. from Williams College. [4] He began teaching at MIT Sloan School of Management in 1966. [5]
His contributions are seen as falling into three main categories: [6]
Recent projects include the valuation of investments in R&D, risk management, and the allocation of capital in diversified firms, and the theory of corporate governance.
He is currently[ when?] a principal of economic consulting firm The Brattle Group. [7] He is a past president of the American Finance Association, [8] a research associate of the National Bureau of Economic Research, [9] and a director of the Cambridge Endowment for Research in Finance.
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