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

  • Stanford Graduate School of Business

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SCHOLARLY PAPERS

22

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Top 3,203

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156

Scholarly Papers (22)

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1.

Dynamic Interventions and Informational Linkages

Chicago Booth Research Paper No. 17-09
Number of pages: 95 Posted: 07 Mar 2016 Last Revised: 28 May 2019
Lin William Cong, Steven R. Grenadier and Yunzhi Hu
Cornell University - Samuel Curtis Johnson Graduate School of Management, Stanford Graduate School of Business and University of North Carolina (UNC) at Chapel Hill - Finance Area
Downloads 1,328 (30,811)
Citation 7

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

2.

Stock and Bond Pricing in an Affine Economy

Downloads 1,321 (31,038)
Citation 14

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 University - Columbia Business School, Finance
Downloads 1,185 (35,712)
Citation 13

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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: 30 Jul 2022
Steven R. Grenadier and Geert Bekaert
Stanford Graduate School of Business and Columbia University - Columbia Business School, Finance
Downloads 136 (421,972)
Citation 1

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3.

Stock and Bond Returns with Moody Investors

Downloads 1,059 (42,799)
Citation 10

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 University - Columbia Business School, Finance, Board of Governors of the Federal Reserve System and Stanford Graduate School of Business
Downloads 889 (53,689)
Citation 5

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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: 19 Dec 2022
Geert Bekaert, Eric Engstrom and Steven R. Grenadier
Columbia University - Columbia Business School, Finance, Board of Governors of the Federal Reserve System and Stanford Graduate School of Business
Downloads 138 (417,146)
Citation 1

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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 University - Columbia Business School, Finance, Board of Governors of the Federal Reserve System and Stanford Graduate School of Business
Downloads 32 (930,414)
Citation 4
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Equity premium, excess volatility, stock-bond return correlation, return predictability, countercyclical risk aversion, habit persistence

4.

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

Number of pages: 47 Posted: 23 Apr 2003
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia University - Columbia Business School, Finance
Downloads 1,017 (45,287)
Citation 2

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

5.

Investment Timing, Agency and Information

Downloads 729 (71,044)
Citation 22

Investment Timing, Agency and Information

Number of pages: 49 Posted: 04 Sep 2003
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia University - Columbia Business School, Finance
Downloads 657 (80,094)

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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: 19 Jun 2022
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia University - Columbia Business School, Finance
Downloads 72 (655,101)
Citation 22

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Investment Timing, Agency, and Information

Posted: 07 May 2005
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia University - Columbia Business School, Finance

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Real options, investment timing, contracting, agency

6.

An Equilibrium Analysis of Real Estate Leases

Number of pages: 40 Posted: 04 Apr 2003
Steven R. Grenadier
Stanford Graduate School of Business
Downloads 714 (73,108)
Citation 12

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leasing, real estate, real options

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 Boston College
Downloads 597 (91,592)
Citation 11

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

8.

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
Harvard Business School and Stanford Graduate School of Business
Downloads 541 (103,656)
Citation 29

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Capital Structure, Bankruptcy, Default, Dynamic Bargaining

9.

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 Boston College
Downloads 510 (111,480)
Citation 8

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

10.

Financing the Litigation Arms Race

Stanford University Graduate School of Business Research Paper
Number of pages: 134 Posted: 19 Nov 2020 Last Revised: 26 Apr 2023
Samuel Antill and Steven R. Grenadier
Harvard Business School and Stanford Graduate School of Business
Downloads 509 (112,001)

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law and finance, litigation financing, third-party litigation funding, TPLF, dynamic bargaining, real options

11.

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, Boston College and Boston College, Carroll School of Management
Downloads 455 (127,693)
Citation 15

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

12.

Investment Under Uncertainty and Time-Inconsistent Preferences

Downloads 405 (146,465)
Citation 23

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 University - Columbia Business School, Finance
Downloads 344 (174,199)

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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: 29 May 2022
Steven R. Grenadier and Neng Wang
Stanford Graduate School of Business and Columbia University - Columbia Business School, Finance
Downloads 61 (714,417)
Citation 23

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13.

The Valuation of a Dynamic Litigation Process: The Lawsuit as a (Real) Option on an Option

Downloads 301 (203,020)

The Valuation of a Dynamic Litigation Process: The Lawsuit as a (Real) Option on an Option

Stanford University Graduate School of Business Research Paper No. 4566390
Number of pages: 32 Posted: 09 Sep 2023 Last Revised: 08 May 2024
Brian Grenadier and Steven R. Grenadier
Stanford University and Stanford Graduate School of Business
Downloads 256 (237,737)

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real options, litigation

The Valuation of a Dynamic Litigation Process: The Lawsuit as a (real) Option on an Option

Stanford Law and Economics Olin Working Paper No. 590, Stanford University Graduate School of Business Research Paper No. 4878024
Number of pages: 33 Posted: 27 Jun 2024
Brian Grenadier and Steven R. Grenadier
Stanford University and Stanford Graduate School of Business
Downloads 45 (825,660)

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14.

An Equilibrium Model of Deferred Prosecution Agreements

Number of pages: 24 Posted: 03 Dec 2024
Brian Grenadier and Steven R. Grenadier
Stanford University and Stanford Graduate School of Business
Downloads 99 (554,344)

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15.

An Equilibrium Analysis of Real Estate

NBER Working Paper No. w9475
Number of pages: 41 Posted: 02 Feb 2003 Last Revised: 23 Nov 2022
Steven R. Grenadier
Stanford Graduate School of Business
Downloads 91 (561,963)

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16.

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: 27 Aug 2022
Steven R. Grenadier and Brian J. Hall
Stanford Graduate School of Business and NOM Unit Head, Harvard Business School
Downloads 89 (569,592)
Citation 1

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17.

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

Downloads 64 (682,853)
Citation 2

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: 15 Jul 2023
Steven R. Grenadier, Andrey Malenko and Ilya A. Strebulaev
Stanford Graduate School of Business, Boston College and Stanford University - Graduate School of Business
Downloads 64 (697,257)
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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, Boston College and Stanford University - Graduate School of Business

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abandonment, real options, signaling, asymmetric information, reputation

18.

Equilibrium in Asset Leasing Markets

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

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19.

Investment in Technological Innovations: An Option Pricing Approach

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

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20.

Information Revelation Through Option Exercise

Posted: 08 Sep 1998
Steven R. Grenadier
Stanford Graduate School of Business

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21.

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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22.

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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