Brattle Principal Stewart Myers, the Robert C. Merton (1970) Professor of Finance, Emeritus at the MIT Sloan School of Management, been recognized in a feature article appearing in the October 2016 issue of The Journal of Finance.
The article, entitled “Stewart C. Myers,” provides an in-depth look into Professor Myers’ contributions to the theory, practice, and teaching of finance. The article remarks that “it is the combination and interaction of these as well as the significance of each individually that makes him so remarkable. He is a giant in the field.”
Professor Myers, the 2016 recipient of the Morgan Stanley-American Finance Association Award for Excellence in Finance, is one of the world’s leading authorities on corporate finance, and was the first to point out the importance of real options. He has pioneered research on capital structure, capital budgeting and valuation, and the cost of capital for regulated industries. He is a co-author (with Richard A. Brealey and Franklin Allen) of the leading graduate-level textbook on corporate finance.
As a principal of The Brattle Group for the past 25 years, he 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.