Michael Brennan (finance)
Michael J. Brennan (born November 14, 1942) is emeritus professor of finance at the UCLA Anderson School of Management. Brennan co-designed the Brennan-Schwartz interest rate model and was a pioneer of real options theory. His writings on real options and asset pricing, corporate finance, derivative securities, market microstructure, the role of information in capital markets, and risk management have been published extensively.
He is a former president of the American Finance Association, and has served as editor of the Journal of Finance and was the founding editor of the Review of Financial Studies; the Michael Brennan Award is named for him. He was a founding partner and director of the Real Options Group since its inception. He has served as consultant to businesses and governments in the USA and Canada. He was previously a professor at the London Business School.
- Brennan, M.J., The Role of Learning in Dynamic Portfolio Decisions, European Finance Review, 1, 295-306 (1998).
- Brennan, M.J. and Torous, W.N., Individual Decision Making and Investor Welfare, Economic Notes, 28, 2, 119-143 (July 1999).
- Brennan, M.J., Chordia, T. and Subrahmanyam, A., Alternative Factor Specifications, Security Characteristics, and the Cross-Section of Expected Stock Returns, Journal of Financial Economics, 49, 3, 345-373 (September 1998).
- Brennan, M.J. and Franks, J.R., Underpricing, Ownership and Control in Initial Public Offerings of Equity Securities in the UK, Journal of Financial Economics, 45, 391-413 (September 1997).
- UCLA Anderson School of Management website
- Brennan-Schwartz interest rate model
- See for example: Eduardo Schwartz and Lenos Trigeorgis, Eds. Real Options and Investment under Uncertainty: Classical Readings and Recent Contributions Archived 2011-06-29 at the Wayback Machine.. Cambridge, MA: MIT Press, 2004. ISBN 0-262-69318-6
- University of Notre Dame. "Honorary Degrees". Archived from the original on 13 August 2011. Retrieved 20 June 2011.
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