Myers 036
Biography
Testimony
Publications

Professor Myers is one of the world’s leading authorities on the theory and practice of finance. He is a Professor of Financial Economics at the MIT Sloan School of Management, past President of the American Finance Association, and co-author (with Richard A. Brealey and Franklin Allen) of the leading graduate-level textbook on corporate finance. He is also a Research Associate of the National Bureau of Economic Research.

Professor Myers has advised major corporations on mergers and acquisitions, capital investment decisions, financing, measurement of the cost of capital, and valuation. He has appeared as an expert witness in major cases and regulatory proceedings, testifying on the cost of capital, measurement of profitability and value, the economic foundations and design of rate of return regulation, intellectual property, the determination of damages, and tax issues. His work has spanned a wide range of industries, including oil and gas pipelines, telecommunications, software, railroads, pharmaceuticals, insurance, and banking.

Representative Engagements
Article
A Theory of Risk Capital
December 2015
Published in the December 2015 issue of Journal of Financial Economics
Book
Principles of Corporate Finance
January 2013
Richard A. Brealey, Stewart C. Myers, and Franklin Allen
Published by McGraw-Hill, 11th edition, with translations into many languages, including Czech, French, Hungarian, Indonesian, Italian, Japanese, Portuguese, Russian and Spanish.
Article
A Lintner Model of Payout and Managerial Rents
October 2012
Stewart C. Myers and B. Lambrecht
Published in The Journal of Finance
Article
The Internal Governance of Firms
June 2011
Stewart C. Myers, V. Acharya, and R. Rajan
Published in The Journal of Finance
Article
A Theory of Takeovers and Disinvestment
April 2007
Stewart C. Myers and B. Lambrecht
Published in The Journal of Finance
Article
R2 Around the World: New Theory and New Tests
February 2006
Stewart C. Myers and L. Jin
Published in Journal of Financial Economics
Article
Regulating the United States Railroads: The Effects of Sunk Costs and Asymmetric Risk
November 2002
Stewart C. Myers and Jerry Hausman
Published in Journal of Regulatory Economics