Corporate finance, Financing decisions, Capital allocation
Stewart Myers' research has concentrated on the theory and practice of corporate finance, including the role of information and incentives in corporate financing and methods for evaluating corporate investments. Recent research projects include the valuation of investments in R&D, risk management, and the allocation of capital in diversified firms, and the theory of corporate governance.
Myers is the co-author of the classic textbook, Principles of Corporate Finance, which is now in its 8th edition. He is a past president of the American Finance Association, a research associate of the National Bureau of Economic Research, and a director of the Cambridge Endowment for Research in Finance.