Steven R. Grenadier

Stanford Graduate School of Business

William F. Sharpe Chair of Financial Economics

Graduate School of Business

Stanford, CA 94305-5015

United States

SCHOLARLY PAPERS

18

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CITATIONS
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Top 3,367

in Total Papers Citations

161

Scholarly Papers (18)

1.
Downloads 979 ( 16,938)
Citation 29

Stock and Bond Pricing in an Affine Economy

EFA 2002 Berlin Meetings
Number of pages: 54 Posted: 21 Feb 2002
Steven R. Grenadier and Geert Bekaert
Stanford Graduate School of Business and Columbia Business School - Finance and Economics
Downloads 928 (18,019)
Citation 29

Abstract:

Stock and Bond Pricing in an Affine Economy

NBER Working Paper No. w7346
Number of pages: 52 Posted: 05 Feb 2000
Steven R. Grenadier and Geert Bekaert
Stanford Graduate School of Business and Columbia Business School - Finance and Economics
Downloads 51 (317,682)
Citation 29

Abstract:

2.

Incentives and Investment Timing: Real Options in a Principal-Agent Setting

Simon School of Business Working Paper No. FR 03-12
Number of pages: 47 Posted: 23 Apr 2003
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia Business School - Finance and Economics
Downloads 909 (18,345)
Citation 1

Abstract:

Real Options, Agency Costs, Hidden Information, Hidden Action, Investment Timing

3.
Downloads 799 ( 22,908)
Citation 44

Stock and Bond Returns with Moody Investors

AFA 2006 Boston Meetings Paper
Number of pages: 61 Posted: 17 Mar 2005
Geert Bekaert, Eric Engstrom and Steven R. Grenadier
Columbia Business School - Finance and Economics, U.S. Board of Governors of the Federal Reserve System - Division of Research and Statistics, Capital Markets and Stanford Graduate School of Business
Downloads 728 (25,739)
Citation 44

Abstract:

Empirical asset pricing, equity risk premium, habit persistence, stock-bond correlation, macroeconomic factors

Stock and Bond Returns with Moody Investors

NBER Working Paper No. w12247
Number of pages: 63 Posted: 25 May 2006
Geert Bekaert, Eric Engstrom and Steven R. Grenadier
Columbia Business School - Finance and Economics, U.S. Board of Governors of the Federal Reserve System - Division of Research and Statistics, Capital Markets and Stanford Graduate School of Business
Downloads 42 (345,846)
Citation 44

Abstract:

Stock and Bond Returns with Moody Investors

CEPR Discussion Paper No. 5951
Number of pages: 65 Posted: 18 Aug 2004
Geert Bekaert, Eric Engstrom and Steven R. Grenadier
Columbia Business School - Finance and Economics, U.S. Board of Governors of the Federal Reserve System - Division of Research and Statistics, Capital Markets and Stanford Graduate School of Business
Downloads 29 (396,348)
Citation 44
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Abstract:

Equity premium, excess volatility, stock-bond return correlation, return predictability, countercyclical risk aversion, habit persistence

4.
Downloads 644 ( 31,008)
Citation 22

Investment Timing, Agency and Information

Simon Business School Working Paper No. FR 03-26; AFA 2004 San Diego Meetings
Number of pages: 49 Posted: 04 Sep 2003
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia Business School - Finance and Economics
Downloads 605 (33,215)
Citation 22

Abstract:

real options, capital budgeting, agency cost, hidden information, hidden action, investment timing

Investment Timing, Agency, and Information

NBER Working Paper No. w11148
Number of pages: 50 Posted: 16 Mar 2005
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia Business School - Finance and Economics
Downloads 39 (356,149)
Citation 22

Abstract:

Investment Timing, Agency, and Information

Journal of Financial Economics, Vol. 75, pp. 493-533, 2005
Posted: 07 May 2005
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia Business School - Finance and Economics

Abstract:

Real options, investment timing, contracting, agency

5.

An Equilibrium Analysis of Real Estate Leases

Number of pages: 40 Posted: 04 Apr 2003
Steven R. Grenadier
Stanford Graduate School of Business
Downloads 638 (30,630)
Citation 14

Abstract:

leasing, real estate, real options

6.

Real Options Signaling Games with Applications to Corporate Finance

Review of Financial Studies, Vol. 24, No. 12, pp. 3993-4036, Rock Center for Corporate Governance at Stanford University Working Paper No. 57
Number of pages: 83 Posted: 23 Mar 2009 Last Revised: 04 Feb 2013
Steven R. Grenadier and Andrey Malenko
Stanford Graduate School of Business and MIT Sloan School of Management
Downloads 482 (43,596)
Citation 11

Abstract:

irreversible investment, real options, signaling, asymmetric information, agency conflicts, venture capital, cash flow diversion, competition

Investment Busts, Reputation, and the Temptation to Blend in with the Crowd

Journal of Financial Economics (JFE) 111(1): 137-157, January 2014, Rock Center for Corporate Governance at Stanford University Working Paper No. 115, AFA 2013 San Diego Meetings Paper
Posted: 20 Mar 2012 Last Revised: 26 Nov 2014
Steven R. Grenadier, Andrey Malenko and Ilya A. Strebulaev
Stanford Graduate School of Business, MIT Sloan School of Management and Stanford University - Graduate School of Business
Downloads 458 (47,772)

Abstract:

abandonment, real options, signaling, asymmetric information, reputation

Investment Busts, Reputation, and the Temptation to Blend in with the Crowd

NBER Working Paper No. w17945
Number of pages: 46 Posted: 31 Mar 2012
Steven R. Grenadier, Andrey Malenko and Ilya A. Strebulaev
Stanford Graduate School of Business, MIT Sloan School of Management and Stanford University - Graduate School of Business
Downloads 10 (501,174)

Abstract:

8.

A Bayesian Approach to Real Options: The Case of Distinguishing between Temporary and Permanent Shocks

Journal of Finance, Vol. 65, No. 5, pp. 1949-1986, AFA 2009 San Francisco Meetings Paper, EFA 2008 Athens Meetings Paper
Number of pages: 70 Posted: 06 Mar 2008 Last Revised: 21 Nov 2010
Steven R. Grenadier and Andrey Malenko
Stanford Graduate School of Business and MIT Sloan School of Management
Downloads 437 (49,826)
Citation 5

Abstract:

irreversible investment, real options, Bayesian updating, learning, temporary and permanent shocks, mean reversion

Investment under Uncertainty and Time-Inconsistent Preferences

Stanford GSB Research Paper No. 1899
Number of pages: 48 Posted: 05 Aug 2005
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia Business School - Finance and Economics
Downloads 293 (81,197)
Citation 11

Abstract:

irreversible investment, hyperbolic discounting, time inconsistency, real options

Investment Under Uncertainty and Time-Inconsistent Preferences

NBER Working Paper No. w12042
Number of pages: 49 Posted: 04 May 2006
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia Business School - Finance and Economics
Downloads 31 (387,259)
Citation 11

Abstract:

10.

Timing Decisions in Organizations: Communication and Authority in a Dynamic Environment

American Economic Review, Vol. 106, No. 9, September 2016
Number of pages: 85 Posted: 14 Nov 2014 Last Revised: 01 Sep 2016
Steven R. Grenadier, Andrey Malenko and Nadya Malenko
Stanford Graduate School of Business, MIT Sloan School of Management and Boston College - Carroll School of Management
Downloads 180 (63,149)

Abstract:

organizational economics, real options, delegation, communication, cheap talk, allocation of authority, timing decisions

11.

An Equilibrium Analysis of Real Estate

NBER Working Paper No. w9475
Number of pages: 41 Posted: 02 Feb 2003
Steven R. Grenadier
Stanford Graduate School of Business
Downloads 63 (275,538)
Citation 14

Abstract:

12.

Risk-Based Capital Standards and the Riskiness of Bank Portfolios: Credit and Factor Risks

NBER Working Paper No. w5178
Number of pages: 42 Posted: 12 Jul 2000
Steven R. Grenadier and Brian J. Hall
Stanford Graduate School of Business and NOM Unit Head, Harvard Business School
Downloads 57 (287,116)
Citation 8

Abstract:

13.

Intervention Policy in a Dynamic Environment: Coordination and Learning

Number of pages: 60 Posted: 07 Mar 2016 Last Revised: 03 Mar 2017
Lin William Cong, Steven R. Grenadier and Yunzhi Hu
University of Chicago Booth School of Business, Stanford Graduate School of Business and University of Chicago
Downloads 0 (62,518)

Abstract:

Coordination Failures, Government Intervention, Information Design, Financial Crisis, Global Games

14.

Investment in Technological Innovations: An Option Pricing Approach

Posted: 20 Dec 1998
Steven R. Grenadier
Stanford Graduate School of Business

Abstract:

15.

Equilibrium in Asset Leasing Markets

Posted: 20 Dec 1998
Steven R. Grenadier
Stanford Graduate School of Business

Abstract:

16.

Information Revelation through Option Exercise

Review of Financial Studies, Vol. 12, No. 1, 1998
Posted: 08 Sep 1998
Steven R. Grenadier
Stanford Graduate School of Business

Abstract:

17.

The Strategic Exercise of Options: An Application to Real Estate Development

Posted: 15 Jul 1998
Steven R. Grenadier
Stanford Graduate School of Business

Abstract:

18.

The Strategic Exercise of Options: Development Cascades and Overbuilding in Real Estate Markets.

J. OF FINANCE, Vol. 51 No. 5, December 1996
Posted: 19 Apr 1996
Steven R. Grenadier
Stanford Graduate School of Business

Abstract: