Steven Grenadier

Steven Grenadier
Professor, Finance
+1 (650) 725-0706

Steven Grenadier

The William F. Sharpe Professor of Financial Economics

Academic Area:

Research Statement

Professor Grenadier specializes in complex financial asset analysis, and teaches courses on investments, portfolio management, and finance theory. 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.

Bio

Steven Grenadier is the William F. Sharpe Professor of Financial Economics at Stanford Graduate School of Business. He chaired the finance group at Stanford for almost a decade. 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 was a consulting Financial Economist with Financial Engines, and a former director of Nicholas Applegate Institutional Funds, AQR Funds, and E*Trade Funds. He is a Senior Advisor to Cornerstone Research and has testified as an expert in investments and derivatives cases in which he has addressed disclosure, suitability, and valuation issues. He has also testified in numerous ERISA matters involving allegations of breach of fiduciary duty, excessive fees, and inappropriate investments.

Academic Degrees

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

Academic Appointments

  • At Stanford since 1992

Awards and Honors

  • R. Michael Shanahan Faculty Fellow for 2015–16
  • John S. Osterweis Faculty Fellow, Stanford GSB, 2013–14
  • Dissertation award from the American Real Estate and Urban Economics Association, 1992

Publications

Journal Articles

Samuel Antill, Steven Grenadier
Journal of Financial Economics
August 2023 Vol. 149 Issue 2 Pages 218–234
Lin William Cong, Steven Grenadier, Yunzhi Hu
Journal of Financial Economics
January 2020 Vol. 135 Issue 1 Pages 1-15
Samuel Antill, Steven Grenadier
Journal of Financial Economics
July 2019 Vol. 133 Issue 1 Pages 198-224
Steven Grenadier, Andrey Malenko, Nadya Malenko
The American Economic Review
September 2016 Vol. 106 Issue 9 Pages 2552-2581
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, 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
Risk Books
London
2000

Book Chapters

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

Working Papers

Stanford University Affiliations

  • Stanford University Faculty Senate 2011 -