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Stewart Myers and the MIT School of Real Options and Capital Structure
Journal of Applied Corporate Finance Pub Date : 2022-09-29 , DOI: 10.1111/jacf.12512
Don Chew , Bennett Stewart

The thinking and writings of America's most accomplished living corporate finance scholar, MIT professor Stewart Myers, are presented as “a life in three Acts.” Starting with Stew's collaboration with Stanford's Alex Robichek on capital structure and valuation in Act I, the scene then shifts to the subjects of corporate strategy and “real options,” and their import for both valuation and investment and financing decisions. And following an Act III that explores the effects of information costs on capital structure and financing choices, the Epilogue recounts Stew's late forays (with colleague James Read) into the question of risk capital—that is, how much, as well as what kinds of, capital do companies need to support their operations and strategic investment?

中文翻译:

Stewart Myers 和麻省理工学院实物期权和资本结构学院

美国最有成就的在世企业金融学者、麻省理工学院教授斯图尔特·迈尔斯(Stewart Myers)的思想和著作被描述为“三幕中的生活”。从第一幕中 Stew 与斯坦福大学的 Alex Robichek 就资本结构和估值的合作开始,场景转向公司战略和“实物期权”的主题,以及它们对估值和投资和融资决策的重要性。在第三幕探讨了信息成本对资本结构和融资选择的影响之后,结语叙述了 Stew (与同事 James Read)最近对风险资本问题的尝试——即风险资本的数量和种类。 ,公司需要资金来支持他们的运营和战略投资吗?
更新日期:2022-09-29
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