Stewart C. Myers

Massachusetts Institute of Technology (MIT)

Professor

Sloan School of Management

Cambridge, MA 02142

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

29

DOWNLOADS
Rank 1,924

SSRN RANKINGS

Top 1,924

in Total Papers Downloads

14,037

CITATIONS
Rank 52

SSRN RANKINGS

Top 52

in Total Papers Citations

3,517

Scholarly Papers (29)

1.

R&D Accounting and the Tradeoff Between Relevance and Objectivity

Number of pages: 48 Posted: 18 Feb 1999
Paul M. Healy, Stewart C. Myers and Christopher D. Howe
Harvard Business School, Massachusetts Institute of Technology (MIT) and Massachusetts Institute of Technology
Downloads 2,330 (4,177)
Citation 36

Abstract:

2.
Downloads 1,841 ( 6,497)
Citation 134

R-Squared Around the World: New Theory and New Tests

AFA 2005 Philadelphia Meetings
Number of pages: 48 Posted: 16 Apr 2004
Stewart C. Myers and Li Jin
Massachusetts Institute of Technology (MIT) and Harvard Business School - Finance Unit
Downloads 1,757 (6,943)
Citation 134

Abstract:

Corporate control, international financial markets, firm-specific risks, information and market efficiency, crashes

R-Squared Around the World: New Theory and New Tests

NBER Working Paper No. w10453
Number of pages: 51 Posted: 11 May 2004 Last Revised: 26 Jul 2010
Stewart C. Myers and Li Jin
Massachusetts Institute of Technology (MIT) and Harvard Business School - Finance Unit
Downloads 84 (253,762)
Citation 134

Abstract:

R-Squared Around the World: New Theory and New Tests

Journal of Financial Economics (JFE), Forthcoming
Posted: 16 Dec 2005
Stewart C. Myers and Li Jin
Massachusetts Institute of Technology (MIT) and Harvard Business School - Finance Unit

Abstract:

corporate control, international financial markets, firm-specific risks, information and market efficiency, crashes

3.

Corporate Financing and Investment Decisions When Firms Have Informationthat Investors Do Not Have

NBER Working Paper No. w1396
Number of pages: 61 Posted: 21 Jun 2001
Stewart C. Myers and Nicholas S. Majluf
Massachusetts Institute of Technology (MIT) and Pontifical Catholic University of Chile
Downloads 1,823 (3,844)
Citation 2,053

Abstract:

4.
Downloads 1,402 ( 10,234)
Citation 27

The Internal Governance of Firms

ECGI - Finance Working Paper No. 239/2009
Number of pages: 58 Posted: 28 Feb 2009 Last Revised: 09 Aug 2010
Viral V. Acharya, Stewart C. Myers and Raghuram G. Rajan
New York University - Leonard N. Stern School of Business, Massachusetts Institute of Technology (MIT) and University of Chicago - Booth School of Business
Downloads 977 (17,705)
Citation 27

Abstract:

Agency theory, short-termism, corporate governance, dividends, internal organization

The Internal Governance of Firms

NYU Working Paper No. FIN-08-033
Number of pages: 58 Posted: 09 Mar 2009 Last Revised: 09 Aug 2010
Viral V. Acharya, Stewart C. Myers and Raghuram G. Rajan
New York University - Leonard N. Stern School of Business, Massachusetts Institute of Technology (MIT) and University of Chicago - Booth School of Business
Downloads 227 (112,279)
Citation 27

Abstract:

The Internal Governance of Firms

Number of pages: 45 Posted: 20 Dec 2009
Viral V. Acharya, Stewart C. Myers and Raghuram G. Rajan
New York University - Leonard N. Stern School of Business, Massachusetts Institute of Technology (MIT) and University of Chicago - Booth School of Business
Downloads 158 (157,813)
Citation 27

Abstract:

governance, internal

The Internal Governance of Firms

NBER Working Paper No. w15568
Number of pages: 48 Posted: 08 Dec 2009
Viral V. Acharya, Stewart C. Myers and Raghuram G. Rajan
New York University - Leonard N. Stern School of Business, Massachusetts Institute of Technology (MIT) and University of Chicago - Booth School of Business
Downloads 37 (381,485)
Citation 27

Abstract:

The Internal Governance of Firms

CEPR Discussion Paper No. DP7210
Number of pages: 48 Posted: 07 Apr 2009
Viral V. Acharya, Stewart C. Myers and Raghuram G. Rajan
New York University - Leonard N. Stern School of Business, Massachusetts Institute of Technology (MIT) and University of Chicago - Booth School of Business
Downloads 3 (560,409)
Citation 27
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Abstract:

Agency theory, Corporate governance, Dividends, Internal organization, Short-termism

5.
Downloads 1,162 ( 13,829)
Citation 27

A Theory of Takeovers and Disinvestment

EFA 2005 Moscow Meetings Paper
Number of pages: 50 Posted: 09 Jan 2005
Bart M. Lambrecht and Stewart C. Myers
University of Cambridge - Judge Business School and Massachusetts Institute of Technology (MIT)
Downloads 1,088 (15,030)
Citation 27

Abstract:

Disinvestment, takeover, real option, managerial incentives

A Theory of Takeovers and Disinvestment

NBER Working Paper No. w11082
Number of pages: 45 Posted: 23 Feb 2005
Stewart C. Myers and Bart M. Lambrecht
Massachusetts Institute of Technology (MIT) and University of Cambridge - Judge Business School
Downloads 74 (274,173)
Citation 27

Abstract:

6.

Debt and Managerial Rents in a Real-Options Model of the Firm

EFA 2006 Zurich Meetings Paper
Number of pages: 47 Posted: 12 Jun 2006
Stewart C. Myers and Bart M. Lambrecht
Massachusetts Institute of Technology (MIT) and University of Cambridge - Judge Business School
Downloads 721 (26,157)
Citation 15

Abstract:

investment policy, financing policy, debt, agency

7.

Capital Structure Puzzle

NBER Working Paper No. w1393
Number of pages: 35 Posted: 27 Apr 2000
Stewart C. Myers
Massachusetts Institute of Technology (MIT)
Downloads 635 (23,160)
Citation 722

Abstract:

8.
Downloads 559 ( 39,562)
Citation 10

A Lintner Model of Payout and Managerial Rents

Journal of Finance, Forthcoming, AFA 2011 Denver Meetings Paper
Number of pages: 61 Posted: 16 Mar 2010 Last Revised: 16 Jan 2012
Bart M. Lambrecht and Stewart C. Myers
University of Cambridge - Judge Business School and Massachusetts Institute of Technology (MIT)
Downloads 521 (42,737)
Citation 10

Abstract:

payout, investment, financing policy, agency

A Litner Model of Payout and Managerial Rents

NBER Working Paper No. w16210
Number of pages: 62 Posted: 26 Jul 2010
Bart M. Lambrecht and Stewart C. Myers
University of Cambridge - Judge Business School and Massachusetts Institute of Technology (MIT)
Downloads 38 (377,627)
Citation 10

Abstract:

9.

Venture Capital: An Experiment in Computational Corporate Finance

AFA 2005 Philadelphia Meetings
Number of pages: 42 Posted: 02 Jan 2005
Zsuzsanna Fluck, Kedran Rae Garrison and Stewart C. Myers
Michigan State University - Department of Finance, Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA) and Massachusetts Institute of Technology (MIT)
Downloads 500 (43,586)
Citation 3

Abstract:

Testing Static Trade-Off Against Pecking Order Models of Capital Structure

NBER Working Paper No. w4722
Number of pages: 35 Posted: 29 Jun 2000
Lakshmi Shyam-Sunder and Stewart C. Myers
World Bank, International Finance Corp. and Massachusetts Institute of Technology (MIT)
Downloads 349 (69,940)
Citation 276

Abstract:

The Dynamics of Investment, Payout and Debt

Number of pages: 58 Posted: 21 Oct 2014 Last Revised: 29 Jan 2017
Bart M. Lambrecht and Stewart C. Myers
University of Cambridge - Judge Business School and Massachusetts Institute of Technology (MIT)
Downloads 321 (77,090)

Abstract:

payout, investment, financing policy, agency

The Dynamics of Investment, Payout and Debt

CEPR Discussion Paper No. DP9926
Number of pages: 56 Posted: 02 Jun 2014
Bart M. Lambrecht and Stewart C. Myers
University of Cambridge - Judge Business School and Massachusetts Institute of Technology (MIT)
Downloads 1 (580,104)
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Abstract:

agency, financing policy, investment, payout

12.

A Theory of Risk Capital

Dice Center Working Paper No. 2009-10, Fisher College of Business Working Paper No. 2009-03-010
Number of pages: 54 Posted: 29 May 2009 Last Revised: 05 May 2014
Isil Erel, Stewart C. Myers and James Read
Ohio State University (OSU) - Department of Finance, Massachusetts Institute of Technology (MIT) and Brattle Group
Downloads 284 (65,280)

Abstract:

Capital, Capital requirements, Financial Institutions, Regulation

Real Options, Taxes and Financial Leverage

Number of pages: 43 Posted: 08 Jun 2012 Last Revised: 13 Jun 2012
Stewart C. Myers and James Read
Massachusetts Institute of Technology (MIT) and Brattle Group
Downloads 232 (109,843)

Abstract:

real options, financing policy

Real Options, Taxes and Financial Leverage

NBER Working Paper No. w18148
Number of pages: 44 Posted: 16 Jun 2012
Stewart C. Myers and James Read
Massachusetts Institute of Technology (MIT) and Brattle Group
Downloads 29 (415,708)

Abstract:

14.

The Paradox of Liquidity

NBER Working Paper No. w5143
Number of pages: 45 Posted: 13 Jun 2000 Last Revised: 27 Aug 2010
Stewart C. Myers and Raghuram G. Rajan
Massachusetts Institute of Technology (MIT) and University of Chicago - Booth School of Business
Downloads 148 (166,738)
Citation 131

Abstract:

15.

Discounting Rules for Risky Assets

NBER Working Paper No. w2219
Number of pages: 24 Posted: 27 Apr 2000 Last Revised: 27 Jul 2010
Stewart C. Myers and Richard S. Ruback
Massachusetts Institute of Technology (MIT) and Harvard Business School
Downloads 108 (212,832)
Citation 8

Abstract:

16.

Outside Equity Financing

NBER Working Paper No. w6561
Number of pages: 52 Posted: 19 Jul 2000
Stewart C. Myers
Massachusetts Institute of Technology (MIT)
Downloads 92 (210,055)
Citation 9

Abstract:

17.

Signaling and Accounting Information

NBER Working Paper No. w3193
Number of pages: 38 Posted: 25 May 2006
Stewart C. Myers
Massachusetts Institute of Technology (MIT)
Downloads 85 (235,868)

Abstract:

18.

Venture Capital Contracting and Syndication: An Experiment in Computational Corporate Finance

NBER Working Paper No. w11624
Number of pages: 57 Posted: 20 Nov 2005
Zsuzsanna Fluck, Kedran Rae Garrison and Stewart C. Myers
Michigan State University - Department of Finance, Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA) and Massachusetts Institute of Technology (MIT)
Downloads 66 (269,434)
Citation 8

Abstract:

19.

Stock Issues and Investment Policy When Firms Have Information that Investors Do Not Have

NBER Working Paper No. w0884
Number of pages: 46 Posted: 13 Nov 2007
Stewart C. Myers and Nicholas J Majluf
Massachusetts Institute of Technology (MIT) and affiliation not provided to SSRN
Downloads 60 (282,348)
Citation 5

Abstract:

20.

Valuing the Government&Apos;S Tax Claim on Risky Corporate Assets

NBER Working Paper No. w1553
Number of pages: 53 Posted: 26 Dec 2000
Saman Majd and Stewart C. Myers
University of Pennsylvania Wharton School and Massachusetts Institute of Technology (MIT)
Downloads 52 (311,435)
Citation 11

Abstract:

21.

Tax Asymmetries and Corporate Income Tax Reform

NBER Working Paper No. w1924
Number of pages: 54 Posted: 02 Sep 2000
Saman Majd and Stewart C. Myers
University of Pennsylvania Wharton School and Massachusetts Institute of Technology (MIT)
Downloads 45 (328,357)
Citation 25

Abstract:

22.

Changes in the Age Distribution of Income in the United States, 1968-1984

NBER Working Paper No. w1766
Number of pages: 48 Posted: 25 May 2006
Massachusetts Institute of Technology (MIT), Boston University - Department of Economics and University of Wisconsin - Madison - School of Business
Downloads 18 (433,945)

Abstract:

23.

Brealey, Myers, and Allen on Real Options

Journal of Applied Corporate Finance, Vol. 20, Issue 4, pp. 58-71, Fall 2008
Number of pages: 16 Posted: 18 Dec 2008
Richard A. Brealey, Stewart C. Myers and Franklin Allen
London Business School, Massachusetts Institute of Technology (MIT) and Imperial College London
Downloads 14 (480,860)
Citation 1
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Abstract:

24.

Financial Puzzles

Journal of Applied Finance, Vol. 16, No. 1, Spring/Summer 2006
Number of pages: 1 Posted: 24 Aug 2006
Stewart C. Myers
Massachusetts Institute of Technology (MIT)
Downloads 11 (373,423)

Abstract:

25.

Brealey, Myers, and Allen on Capital Budgeting, Capital Structure, and Agency Issues

Journal of Applied Corporate Finance, Vol. 20, Issue 4, pp. 49-57, Fall 2008
Number of pages: 11 Posted: 18 Dec 2008
Richard A. Brealey, Stewart C. Myers and Franklin Allen
London Business School, Massachusetts Institute of Technology (MIT) and Imperial College London
Downloads 5 (525,022)
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Abstract:

26.

Agency Dynamics in Corporate Finance

Annual Review of Financial Economics, Vol. 8, pp. 53-80, 2016
Posted: 18 Nov 2016
Bart M. Lambrecht and Stewart C. Myers
University of Cambridge - Judge Business School and Massachusetts Institute of Technology (MIT)

Abstract:

27.

Finance, Theoretical and Applied

Annual Review of Financial Economics, Vol. 7, pp. 1-34, 2015
Posted: 11 Dec 2015
Stewart C. Myers
Massachusetts Institute of Technology (MIT)

Abstract:

28.

Corporate Financing and Investment Decisions When Firms Have Information that Investors Do Not Have

University of Illinois at Urbana-Champaign's Academy for Entrepreneurial Leadership Historical Research Reference in Entrepreneurship
Posted: 17 Nov 2009
Stewart C. Myers and Nicholas S. Majluf
Massachusetts Institute of Technology (MIT) and Pontifical Catholic University of Chile

Abstract:

Debt financing, Stock offerings, Asset management, Investment policies, Information asymmetry, Financial management, Management decisions

29.

Policy Statement on Social Security

The Journal of Financial Engineering, Vol. 7, No. 2, June 1998
Posted: 08 Jan 1999
Stewart C. Myers
Massachusetts Institute of Technology (MIT)

Abstract: