Stewart C. Myers
MIT Sloan School of Management
100 Main Street, E62-620
Cambridge, MA 02142
NBER Program Affiliations:
NBER Affiliation: Research Associate
Institutional Affiliation: Massachusetts Institute of Technology
NBER Working Papers and Publications
|April 2013||A Theory of Risk Capital|
with Isil Erel, James A. Read, Jr.
in New Perspectives on Corporate Capital Structure, Viral V. Acharya, Heitor Almeida, and Malcolm Baker, organizers
|June 2012||Real Options, Taxes and Financial Leverage|
with James A. Read, Jr.: w18148
|July 2010||A Litner Model of Payout and Managerial Rents|
with Bart M. Lambrecht: w16210
|December 2009||The Internal Governance of Firms|
with Viral V. Acharya, Raghuram Rajan: w15568
Published: Viral V. Acharya & Stewart C. Myers & Raghuram G. Rajan, 2011. "The Internal Governance of Firms," Journal of Finance, American Finance Association, vol. 66(3), pages 689-720, 06. citation courtesy of
|September 2005||Venture Capital Contracting and Syndication: An Experiment in Computational Corporate Finance|
with Zsuzsanna Fluck, Kedran Garrison: w11624
|January 2005||A Theory of Takeovers and Disinvestment|
with Bart Lambrecht: w11082
Published: Lambrecht, Bart M. and Steward C. Myers. "A Theory of Takeovers and Disinvestment." Journal of Finance 62, 2 (April 2007): 809-45.
|April 2004||R-Squared Around the World: New Theory and New Tests|
with Li Jin: w10453
Published: Jin, Li and Stewart C. Myers. "R2 Around The World: New Theory And New Tests," Journal of Financial Economics, 2006, v79(2,Feb), 257-292.
|May 1998||Outside Equity Financing|
Published: The Journal of Finance, Vol.55, No.3, June 2000.
|June 1995||The Paradox of Liquidity|
with Raghuram G. Rajan: w5143
Published: Quarterly Journal of Economics, Vol 113, no. 3 (August 1998): 733-771. citation courtesy of
|April 1994||Testing Static Trade-off Against Pecking Order Models of Capital Structure|
with Lakshmi Shyam-Sunder: w4722
Published: Journal of Financial Economics, February 1999
|December 1989||Signaling and Accounting Information|
|April 1987||Discounting Rules for Risky Assets|
with Richard S. Ruback: w2219
Published: Discounting Rules for Risky Assets, November 1992 (with R. Ruback)
|1987||Tax Asymmetries and Corporate Tax Reform|
with Saman Majd
in The Effects of Taxation on Capital Accumulation, Martin Feldstein, editor
|Tax Asymmetries and Corporate Income Tax Reform|
with Saman Majd
in Taxes and Capital Formation, Martin Feldstein, editor
|May 1986||Tax Asymmetries and Corporate Income Tax Reform|
with Saman Majd: w1924
Published: Majd, Saman and Stewart C. Myers. "Tax Assymetries and Corporate Tax Reform ," The Effects of Taxation on Capital Accumulation, ed. by Martin Feldstein . Chicago: UCP, 1987.
|February 1985||Valuing the Government's Tax Claim on Risky Corporate Assets|
with Saman Majd: w1553
|July 1984||Capital Structure Puzzle|
Published: Myers, Stewart C. "Capital Structure Puzzle," Journal of Finance, Vol. 39, No. 3, July 1984, pp. 575-592.
|Corporate Financing and Investment Decisions When Firms Have InformationThat Investors Do Not Have|
with Nicholas S. Majluf: w1396
Published: Majluf, Nicholas S. and Stewart C. Myers. "Corporate Financing and Investment Decisions When Firms Have Information That Investors Do Not Have," Journal of Financial Economics, Vol. 13, No. 2, 1984, pp. 187-221.
|April 1982||Stock Issues and Investment Policy When Firms Have Information That Investors Do Not Have|
with Nicholas S. Majluf: w0884
Published: Myers, Stewart C. and Nicholas S. Majluf. "Corporate Financing And Investment Decisions When Firms Have Information That Investors Do Not Have," Journal of Financial Economics, 1984, v13(2), 187-221.