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Steven Grenadier

Steven Grenadier
Professor, Finance
StevenGrenadier
William F. Sharpe Professor of Financial Economics
John S. Osterweis Faculty Fellow for 2013-14
Academic Area: 
Finance

Research Statement

Steven Grenadier’s research focuses on applying option pricing theory to real investment analysis. Topics have included industry boom and bust cycles, real option signaling games, continuous-time stochastic games, valuing complex lease contracts, and commercial real estate equilibrium models.

Bio

Steven Grenadier is the William F. Sharpe Professor of Financial Economics at Stanford Graduate School of Business. He currently chairs the finance group at Stanford. He received his BS from the University of California at Berkeley and his PhD from Harvard University. His research focuses on applying option pricing theory to real investment analysis. Topics have included industry boom and bust cycles, real option signaling games, continuous-time stochastic games, valuing complex lease contracts, and commercial real estate equilibrium models. He is an Editor of the Journal of Real Estate Finance and Economics.  He teaches courses in quantitative investment analysis. He is a consulting Financial Economist with Financial Engines, and a former director of Nicholas Applegate Institutional Funds, AQR Funds, and E*Trade Funds.

Academic Degrees

  • PhD, Harvard University, 1992
  • BS, University of California, Berkeley, 1987

Academic Appointments

  • At Stanford since 1992

Awards and Honors

  • Dissertation award from the American Real Estate and Urban Economics Association, 1992

Publications

Journal Articles

Steven Grenadier, Andrey Malenko, Ilya A. Strebulaev. Journal of Financial Economics. January 2014, Vol. 111, Issue 1, Pages 137-157.
Steven Grenadier, Andrey Malenko. Review of Financial Studies. 2011, Vol. 24 , Issue 12, Pages 3993-4036.
Geert Bekaert, Eric Engstrom, Steven Grenadier. Journal of Empirical Finance. December 2010, Vol. 17, Issue 5, Pages 867-894.
Steven Grenadier, Andrey Malenko. Journal of Finance. 2010, Vol. 65, Issue 5, Pages 1949-1986.
Steven Grenadier, Neng Wang. Journal of Financial Economics. April 2007, Vol. 84, Issue 1, Pages 2-39.
Steven Grenadier, Neng Wang. Journal of Financial Economics. March 2005, Vol. 75, Issue 3, Pages 493–533.
Steven Grenadier. Journal of Business. 2005, Vol. 78, Issue 4, Pages 1173-1214.
Steven Grenadier. Review of Financial Studies. 2002, Vol. 15, Issue 3, Pages 691-721.
Steven Grenadier. Journal of Applied Corporate Finance. 2000, Vol. 13, Issue 2, Pages 99-107.
Steven Grenadier. Review of Financial Studies. 1999, Vol. 12, Issue 1, Pages 95-129.
Steven Grenadier. Journal of Finanical Economics. 1997, Vol. 44, Issue 3, Pages 397-416.
Steven Grenadier. Journal of Finance. 1996, Vol. 51, Issue 5, Pages 1653–1679.

Books

Steven Grenadier London: Risk Books, 2000.

Book Chapters

Steven Grenadier. Project Flexibility, Agency, and Competition: New Developments in the Theory and Applications of Real Options. Oxford University Press, 2000, Pages 275-296.

Working Papers

Courses Taught

Degree Courses

2014-15

This course is offered for students requiring specialized training in an area not covered by existing courses. To register, a student must obtain permission from the faculty member who is willing to supervise the reading.

This course is elected as soon as a student is ready to begin research for the dissertation, usually shortly after admission to candidacy. To register, a student must obtain permission from the faculty member who is willing to supervise the...

Need approval from sponsoring faculty member and GSB Registrar.

Doctoral Practicum in Teaching

Doctoral Practicum in Research

2013-14

This course will combine practical and up-to-date investment theory with modeling applications. Understanding beautiful theory, without the ability to apply it, is essentially useless. Conversely, creating state-of-the-art spreadsheets that apply...

2012-13

This course will combine practical and up-to-date investment theory with modeling applications. Understanding beautiful theory, without the ability to apply it, is essentially useless. Conversely, creating state-of-the-art spreadsheets that apply...

2011-12

This course will combine practical and up-to-date investment theory with modeling applications. Understanding beautiful theory, without the ability to apply it, is essentially useless. Conversely, creating state-of-the-art spreadsheets that apply...

The Critical Analytical Thinking (CAT) course provides a setting for students to further develop and hone the skills needed to analyze complex issues and make forceful and well-grounded arguments. In 16-18 person sections, you will analyze,...

2010-11

This course will combine practical and up-to-date investment theory with modeling applications. Understanding beautiful theory, without the ability to apply it, is essentially useless. Conversely, creating state-of-the-art spreadsheets that apply...

Critical Analytical Thinking (CAT) will address issues that transcend any single discipline or function of management. In 14-16 person sections, you will analyze, write about, and debate fundamental issues, questions, and phenomena that arise in...

Stanford University Affiliations

Greater Stanford University

  • Affiliation commas wrapper

    Stanford University Faculty Senate, 2011 -