Steven Grenadier

Steven Grenadier
Professor, Finance
Contact Info
StevenGrenadier
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

  • R. Michael Shanahan Faculty Fellow for 2015-2016
  • John S. Osterweis Faculty Fellow, Stanford GSB, 2013-2014
  • Dissertation award from the American Real Estate and Urban Economics Association, 1992

Publications

Journal Articles

Steven Grenadier, Lin Cong, Yunzhi Hu. Journal of Financial Economics. 2018, Vol. Forthcoming.
Steven Grenadier, Samuel Antill. Journal of Financial Economics. 2018, Vol. Forthcoming.
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, 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

Dynamic Coordination and Intervention Policy | PDF
Lin William Cong, Steven Grenadier, Yunzhi Hu, June 122017

Teaching

Degree Courses

2018-19

See FINANCE 321 course description.

The Investments courses comprise an intensive overview of active fundamental investing in both the public and private equity markets. They are relevant for students interested in venture capital, growth equity, private equity, hedge funds, mutual...

See FINANCE 321 course description.

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...

2017-18

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...

2016-17

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...

Stanford University Affiliations

Greater Stanford University

  • Stanford University Faculty Senate, 2011 -