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May 12, 2015
Stewart Myers Receives Onassis Prize for Finance

Stewart Myers, Brattle principal and Robert C. Merton (1970) Professor of Financial Economics at the Massachusetts Institute of Technology, was recently awarded the 2015 Onassis Prize for Finance from the Cass Business School, part of City University London.

The prestigious prize, sponsored by the Alexander S. Onassis Public Benefit Foundation, is awarded every three years to the world’s foremost academics in the fields of finance, international trade, and shipping. Nominees are judged by a panel of distinguished academics, including two Nobel Laureates, for their academic achievements.

Professor Myers is one of the world’s leading authorities on the theory of banking and corporate finance and is noted for coining the term “real option”. His co-recipient is Professor Richard Roll, a Distinguished Professor of Finance at the UCLA Anderson School of Management.

According to the Cass Business School: “This year’s winners have made foundational contributions to finance since the beginning of its transformation to a rigorous science-based discipline, nearly a half century ago.”

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