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 2,867

SSRN RANKINGS

Top 2,867

in Total Papers Downloads

25,140

TOTAL CITATIONS
Rank 341

SSRN RANKINGS

Top 341

in Total Papers Citations

815

Scholarly Papers (29)

1.

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 Last Revised: 27 Oct 2022
Stewart C. Myers and Nicholas S. Majluf
Massachusetts Institute of Technology (MIT) and Pontificia Universidad Católica de Chile
Downloads 6,886 (2,301)
Citation 21

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2.

Capital Structure Puzzle

NBER Working Paper No. w1393
Number of pages: 35 Posted: 27 Apr 2000 Last Revised: 24 Apr 2022
Stewart C. Myers
Massachusetts Institute of Technology (MIT)
Downloads 3,252 (8,165)
Citation 389

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3.

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 2,594 (11,652)
Citation 18

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4.
Downloads 2,248 (14,666)
Citation 64

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

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 2,016 (17,126)
Citation 15

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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: 25 Jul 2022
Stewart C. Myers and Li Jin
Massachusetts Institute of Technology (MIT) and Harvard Business School - Finance Unit
Downloads 232 (283,749)
Citation 49

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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

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

5.
Downloads 1,907 (19,090)
Citation 64

The Internal Governance of Firms

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 239/2009
Number of pages: 64 Posted: 28 Feb 2009 Last Revised: 30 Nov 2018
New York University (NYU) - Leonard N. Stern School of Business, Massachusetts Institute of Technology (MIT) and University of Chicago - Booth School of Business
Downloads 1,312 (33,004)
Citation 64

Abstract:

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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
New York University (NYU) - Leonard N. Stern School of Business, Massachusetts Institute of Technology (MIT) and University of Chicago - Booth School of Business
Downloads 288 (226,831)

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The Internal Governance of Firms

Number of pages: 45 Posted: 20 Dec 2009
New York University (NYU) - Leonard N. Stern School of Business, Massachusetts Institute of Technology (MIT) and University of Chicago - Booth School of Business
Downloads 226 (289,783)

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governance, internal

The Internal Governance of Firms

NBER Working Paper No. w15568
Number of pages: 48 Posted: 08 Dec 2009 Last Revised: 15 Jan 2023
New York University (NYU) - Leonard N. Stern School of Business, Massachusetts Institute of Technology (MIT) and University of Chicago - Booth School of Business
Downloads 76 (692,023)

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The Internal Governance of Firms

CEPR Discussion Paper No. DP7210
Number of pages: 48 Posted: 07 Apr 2009
New York University (NYU) - Leonard N. Stern School of Business, Massachusetts Institute of Technology (MIT) and University of Chicago - Booth School of Business
Downloads 5 (1,366,391)
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Agency theory, Corporate governance, Dividends, Internal organization, Short-termism

6.
Downloads 1,309 (33,693)
Citation 9

A Theory of Takeovers and Disinvestment

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 1,156 (39,777)
Citation 2

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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 Last Revised: 14 Oct 2022
Stewart C. Myers and Bart M. Lambrecht
Massachusetts Institute of Technology (MIT) and University of Cambridge - Judge Business School
Downloads 153 (415,125)
Citation 7

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7.

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 867 (60,535)
Citation 22

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investment policy, financing policy, debt, agency

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

NBER Working Paper No. w4722
Number of pages: 35 Posted: 29 Jun 2000 Last Revised: 29 May 2022
Lakshmi Shyam-Sunder and Stewart C. Myers
World Bank, International Finance Corp. and Massachusetts Institute of Technology (MIT)
Downloads 761 (71,017)
Citation 109

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9.
Downloads 709 (79,106)
Citation 26

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 641 (88,721)
Citation 25

Abstract:

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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 Last Revised: 17 Apr 2023
Bart M. Lambrecht and Stewart C. Myers
University of Cambridge - Judge Business School and Massachusetts Institute of Technology (MIT)
Downloads 68 (737,552)
Citation 1

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10.

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 The Brattle Group
Downloads 667 (85,459)
Citation 5

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Capital, Capital requirements, Financial Institutions, Regulation

11.

Venture Capital: An Experiment in Computational Corporate Finance

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 596 (98,682)
Citation 4

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12.
Downloads 595 (98,894)
Citation 16

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 593 (98,016)
Citation 16

Abstract:

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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 2 (1,386,022)
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agency, financing policy, investment, payout

13.
Downloads 534 (113,346)
Citation 2

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 The Brattle Group
Downloads 279 (234,463)

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real options, financing policy

Real Options, Taxes and Financial Leverage

Number of pages: 46 Posted: 20 Apr 2018
Stewart C. Myers and James Read
Massachusetts Institute of Technology (MIT) and The Brattle Group
Downloads 132 (469,149)
Citation 1

Abstract:

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real options, financing policy

Real Options, Taxes and Financial Leverage

NBER Working Paper No. w18148
Number of pages: 44 Posted: 16 Jun 2012 Last Revised: 02 Feb 2023
Stewart C. Myers and James Read
Massachusetts Institute of Technology (MIT) and The Brattle Group
Downloads 123 (496,747)
Citation 1

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14.

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: 01 Mar 2023
Richard A. Brealey, Stewart C. Myers and Franklin Allen
London Business School, Massachusetts Institute of Technology (MIT) and Imperial College London
Downloads 297 (222,006)

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15.

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: 01 Mar 2023
Richard A. Brealey, Stewart C. Myers and Franklin Allen
London Business School, Massachusetts Institute of Technology (MIT) and Imperial College London
Downloads 286 (230,174)
Citation 1

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16.

The Paradox of Liquidity

NBER Working Paper No. w5143
Number of pages: 45 Posted: 13 Jun 2000 Last Revised: 23 Jul 2022
Stewart C. Myers and Raghuram G. Rajan
Massachusetts Institute of Technology (MIT) and University of Chicago - Booth School of Business
Downloads 280 (235,335)
Citation 46

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17.

Signaling and Accounting Information

NBER Working Paper No. w3193
Number of pages: 38 Posted: 25 May 2006 Last Revised: 24 Sep 2022
Stewart C. Myers
Massachusetts Institute of Technology (MIT)
Downloads 239 (275,920)

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18.

Outside Equity Financing

NBER Working Paper No. w6561
Number of pages: 52 Posted: 19 Jul 2000 Last Revised: 07 Dec 2022
Stewart C. Myers
Massachusetts Institute of Technology (MIT)
Downloads 193 (338,213)
Citation 15

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19.

Discounting Rules for Risky Assets

NBER Working Paper No. w2219
Number of pages: 24 Posted: 27 Apr 2000 Last Revised: 27 Jul 2022
Stewart C. Myers and Richard S. Ruback
Massachusetts Institute of Technology (MIT) and Harvard Business School
Downloads 179 (362,054)

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20.

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

NBER Working Paper No. w11624
Number of pages: 57 Posted: 20 Nov 2005 Last Revised: 07 Oct 2022
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 158 (403,820)
Citation 1

Abstract:

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21.

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 Last Revised: 01 May 2022
Massachusetts Institute of Technology (MIT), Boston University - Department of Economics and Wisconsin School of Business
Downloads 153 (414,923)

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22.

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 Last Revised: 04 Dec 2022
Stewart C. Myers and Nicholas J Majluf
Massachusetts Institute of Technology (MIT) and affiliation not provided to SSRN
Downloads 117 (513,658)

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23.

Valuing the Government's Tax Claim on Risky Corporate Assets

NBER Working Paper No. w1553
Number of pages: 53 Posted: 26 Dec 2000 Last Revised: 01 Oct 2022
Saman Majd and Stewart C. Myers
University of Pennsylvania Wharton School and Massachusetts Institute of Technology (MIT)
Downloads 117 (513,658)
Citation 1

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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 104 (560,978)
Citation 1

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25.

Tax Asymmetries and Corporate Income Tax Reform

NBER Working Paper No. w1924
Number of pages: 54 Posted: 02 Sep 2000 Last Revised: 06 Oct 2022
Saman Majd and Stewart C. Myers
University of Pennsylvania Wharton School and Massachusetts Institute of Technology (MIT)
Downloads 92 (608,802)

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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)

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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)

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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 Pontificia Universidad Católica de Chile

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

29.

Policy Statement on Social Security

Posted: 08 Jan 1999
Stewart C. Myers
Massachusetts Institute of Technology (MIT)

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