Education
Stanford University, Ph.D. and MBA; Williams College, A.B. |
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Biography
Professor Myers is the Robert C. Merton (1970) Professor of Financial Economics at the Massachusetts Institute of Technology, Sloan School of Management. He is past President of the American Finance Association and co-author (with Richard A. Brealey and Franklin Allen) of the leading graduate-level textbook on corporate finance. Professor Myers is a Research Associate of the National Bureau of Economic Research and is active as a financial consultant, advising major corporations on mergers and acquisitions, capital investment decisions, methods of financing, measurement of the cost of capital and valuation.
Professor Myers has appeared as an expert witness in major cases and regulatory proceedings, testifying on the cost of capital, the analysis of profitability and value, intellectual property, the determination of damages, and tax issues. His work has spanned a wide range of industries, including oil and gas pipelines, telecommunications, software, railroads, pharmaceuticals, insurance and banking.
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Selected
Publications
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Principles of Corporate Finance, 10th ed., by Richard A. Brealey, Stewart C. Myers, and Franklin Allen, Irwin/McGraw-Hill Book Co., 2010.
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Fundamentals of Corporate Finance, by Richard A. Brealey, Stewart C. Myers, and Alan J. Marcus, McGraw-Hill/Irwin, 2008.
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"A Theory of Takeovers and Disinvestment,"
by Stewart C. Myers and B. Lambrecht, Journal of Finance, April 2007.
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"Corporate Governance and Corporate Finance,"
by Stewart C. Myers, Financial Management Association, Keynote address, October 2006.
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"University Capital Structure,"
by Stewart C. Myers, Forum for the Future of Higher Education, Aspen Institute, September 2006.
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"R2 Around the World: New Theory and New Tests,"
by Stewart C. Myers and L. Jin, Journal of Financial Economics, February 2006.
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"Real and Financial Economics,"
by Stewart C. Myers, Royal Institute of Technology, Stockholm, November 2005.
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"Debt and Managerial Rents in a Real-Options Model of the Firm,"
by Stewart C. Myers, Australian Graduate School of Management (2005); Financial Management Association (2006); NBER (2006); and University College of Dublin (2007), December 2005, October 2006, November 2006, and June 2007.
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"Real Options After 27 Years,"
by Stewart C. Myers, Real Options Conference, Montreal, Keynote address, June 2004.
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"Corporate Finance and the Life Cycle of the Firm,"
by Stewart C. Myers, Keynote address, WHU Campus for Finance, Koblenz, German and Keynote address, China International Conference in Finance, Shanghai, February and July 2004.
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"Financing of Corporations,"
by Stewart C. Myers, Handbook of the Economics of Finance, G. M. Constantinedes, M. Harris, and R. Stulz, eds., 2003.
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"Regulating the United States Railroads: The Effects of Sunk Costs and Asymmetric Risk,"
by Stewart C. Myers and Jerry Hausman, Journal of Regulatory Economics, November 2002.
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"Real Options After 25 Years,"
by Stewart C. Myers, Real Options Symposium, University of Maryland, Keynote address, April 2002.
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"Capital Allocation for Insurance Companies,"
by Stewart C. Myers and James A. Read, Jr., Journal of Risk and Insurance, December 2001.
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"Outside Equity,"
by Stewart C. Myers, Journal of Finance, 2000.
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"R & D Accounting and the Tradeoff Between Relevance and Objectivity: A Pharmaceutical Industry Simulation,"
by Stewart C. Myers and P. Healy
C. Howe, 1999.
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"Testing Static Tradeoff Against Pecking Order Theories of Capital Structure,"
by Stewart C. Myers and L. Shyam-Sunder, Journal of Financial Economics, 1999.
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"Financial Architecture,"
by Stewart C. Myers, European Financial Management, 1999.
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"The Paradox of Liquidity,"
by Stewart C. Myers and Raghuram Rajan, Quarterly Journal of Economics, 1998.
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Regulatory Risk: Economic Principles and Applications to Natural Gas Pipelines and Other Industries, by A. Lawrence Kolbe, Stewart C. Myers, and William B. Tye, Kluwer Academic Publishers, 1993.
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