Authority control databases
| International | |
|---|---|
| National | |
| Academics | |
| Other | |
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.
