The Contributions of Stewart Myers to the Theory and Practice of Corporate Finance
University of Pennsylvania - Finance Department; European Corporate Governance Institute (ECGI)
London School of Economics; Centre for Economic Policy Research (CEPR)
Raghuram G. Rajan
University of Chicago - Booth School of Business; International Monetary Fund (IMF); National Bureau of Economic Research (NBER)
Massachusetts Institute of Technology (MIT) - Sloan School of Management; National Bureau of Economic Research (NBER)
Journal of Applied Corporate Finance, Vol. 20, No. 4, pp. 8-19, Fall 2008
These contributions are seen as falling into three main categories: In a 40-plus year career notable for path-breaking work on capital structure and innovations in capital budgeting and valuation, MIT finance professor Stewart Myers has had a remarkable influence on both the theory and practice of corporate finance. In this article, two of his former students, a colleague, and a co-author offer a brief survey of Professor Myers's accomplishments, along with an assessment of their relevance for the current financial environment.
Number of Pages in PDF File: 14Accepted Paper Series
Date posted: December 18, 2008
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