Stewart Myers

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Stewart Clay Myers ("Stew") is the Robert C. Merton (1970) 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 10th edition. He is also the author of dozens of research articles. [3]

His contributions are seen as falling into three main categories:[4]

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 a principal of economic consulting firm The Brattle Group. [5] He is a past president of the American Finance Association,[6] a research associate of the National Bureau of Economic Research,[7] and a director of the Cambridge Endowment for Research in Finance.

He holds a Ph.D. and MBA from Stanford University and an A.B. from Williams College.[8]

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