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

19

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CITATIONS
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159

Scholarly Papers (19)

1.
Downloads 1,054 ( 19,477)
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 995 (20,909)
Citation 29

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Stock and Bond Pricing in an Affine Economy

NBER Working Paper No. w7346
Number of pages: 52 Posted: 05 Feb 2000 Last Revised: 13 Oct 2010
Steven R. Grenadier and Geert Bekaert
Stanford Graduate School of Business and Columbia Business School - Finance and Economics
Downloads 59 (356,653)
Citation 29

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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 951 (22,705)
Citation 1

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

3.
Downloads 819 ( 28,174)
Citation 43

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 743 (31,698)
Citation 43

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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 Last Revised: 31 Jul 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 46 (400,399)
Citation 43

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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 30 (468,602)
Citation 43
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Equity premium, excess volatility, stock-bond return correlation, return predictability, countercyclical risk aversion, habit persistence

4.

Dynamic Interventions and Informational Linkages

Chicago Booth Research Paper No. 17-09
Number of pages: 71 Posted: 07 Mar 2016 Last Revised: 26 Nov 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 North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 742 (32,250)

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

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 666 (37,305)
Citation 13

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leasing, real estate, real options

6.
Downloads 664 ( 37,467)
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 622 (40,244)
Citation 22

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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 Last Revised: 08 Aug 2009
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia Business School - Finance and Economics
Downloads 42 (415,589)
Citation 22

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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

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Real options, investment timing, contracting, agency

7.

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 516 (51,989)
Citation 11

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

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 459 (60,239)
Citation 5

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

9.

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 - Department of Finance
Downloads 402 (70,691)

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

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 303 (97,042)
Citation 11

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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 Last Revised: 02 Jul 2009
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia Business School - Finance and Economics
Downloads 33 (453,931)
Citation 11

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11.

Optimal Capital Structure and Bankruptcy Choice: Dynamic Bargaining vs Liquidation

Stanford University Graduate School of Business Research Paper No. 17-59
Number of pages: 79 Posted: 06 Sep 2017 Last Revised: 14 Jun 2018
Samuel Antill and Steven R. Grenadier
Stanford Graduate School of Business and Stanford Graduate School of Business
Downloads 308 (95,868)

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Capital Structure, Bankruptcy, Default, Dynamic Bargaining

12.

An Equilibrium Analysis of Real Estate

NBER Working Paper No. w9475
Number of pages: 41 Posted: 02 Feb 2003 Last Revised: 21 Jun 2009
Steven R. Grenadier
Stanford Graduate School of Business
Downloads 67 (329,845)
Citation 13

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13.

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 Last Revised: 21 Sep 2010
Steven R. Grenadier and Brian J. Hall
Stanford Graduate School of Business and NOM Unit Head, Harvard Business School
Downloads 62 (343,234)
Citation 8

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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 Last Revised: 27 Oct 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 22 (514,594)

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

Journal of Financial Economics (JFE) 111(1): 137-157, January 2014, AFA 2013 San Diego Meetings Paper, Rock Center for Corporate Governance at Stanford University Working Paper No. 115
Posted: 20 Mar 2012 Last Revised: 02 Oct 2017
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

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abandonment, real options, signaling, asymmetric information, reputation

15.

Equilibrium in Asset Leasing Markets

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

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16.

Investment in Technological Innovations: An Option Pricing Approach

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

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17.

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

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18.

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

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

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19.

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

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