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Steven Grenadier
Steven Grenadier
Professor, Finance
Contact Info
+1 (650) 725-0706
Email
StevenGrenadier
William F. Sharpe Professor of Financial Economics
R. Michael Shanahan Faculty Fellow for 2015-2016
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

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

Publications

Books

Game Choices: The Intersection of Real Options and Game Theory
Steven Grenadier London: Risk Books, 2000.

Working Papers

Timing Decisions in Organizations: Communication and Authority in a Dynamic Environment | PDF
Steven Grenadier, Andrey Malenko, Nadya Malenko, March 2015

Courses Taught

Degree Courses

2015-16

FINANCE 341: Modeling for Investment Management

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...

FINANCE 698: Doctoral Practicum in Teaching

Doctoral Practicum in Teaching

FINANCE 699: Doctoral Practicum in Research

Doctoral Practicum in Research

FINANCE 802: TGR Dissertation (ACCT 802, GSBGEN 802, HRMGT 802, MGTECON 802, MKTG 802, OB 802, OIT 802, POLECON 802, STRAMGT 802)

2014-15

FINANCE 341: Modeling for Investment Management

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...

2013-14

FINANCE 341: Modeling for Investment Management

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 -