Michael Brennan (finance)
Encyclopedia
Michael J. Brennan is emeritus professor of finance at the UCLA Anderson School of Management. Brennan co-designed the Brennan-Schwartz
interest rate model and was a pioneer of real options theory. His writings on real options and asset pricing, corporate finance
, derivative securities, market microstructure, the role of information in capital markets, and risk management have been published extensively.
He is a former president of the American Finance Association
, and has served as editor of the Journal of Finance
and was the founding editor of the Review of Financial Studies
; the Michael Brennan Award
is named for him. He was a founding partner and director of the Real Options Group
since its inception. He has served as consultant to businesses and governments in the USA and Canada. He was previously a professor at the London Business School
.
Professor Brennan holds a B.Phil. in Economics (1964) from Oxford University, an MBA (1967) from the University of Pittsburgh
and a Ph.D. in Business (1970) from the MIT Sloan School of Management
.
On May 22, 2011, Brennan was awarded an honorary Doctor of Laws from the University of Notre Dame
.
Eduardo Schwartz
Eduardo Saul Schwartz is a professor of finance at the Anderson School of Management, University of California, Los Angeles, where he holds the California Chair in Real Estate & Land Economics...
interest rate model and was a pioneer of real options theory. His writings on real options and asset pricing, corporate finance
Corporate finance
Corporate finance is the area of finance dealing with monetary decisions that business enterprises make and the tools and analysis used to make these decisions. The primary goal of corporate finance is to maximize shareholder value while managing the firm's financial risks...
, derivative securities, market microstructure, the role of information in capital markets, and risk management have been published extensively.
He is a former president of the American Finance Association
American Finance Association
The American Finance Association is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939...
, and has served as editor of the Journal of Finance
Journal of Finance
The Journal of Finance is a peer-reviewed academic journal published by Wiley-Blackwell on behalf of the American Finance Association. It was established in 1946. Its current editors are Campbell R. Harvey and John R. Graham...
and was the founding editor of the Review of Financial Studies
Review of Financial Studies
The Review of Financial Studies is an academic journal published by Oxford University Press on behalf of the Society for Financial Studies. It was established following discussions at the 1986 Western Finance Association meetings, and the first issue was published in 1988...
; the Michael Brennan Award
Michael Brennan Award
The BlackRock Michael Brennan Award is an annual prize given to authors in recognition of important finance research papers published in the Review of Financial Studies . It is given annually to the best paper published in The Review of Financial Studies...
is named for him. He was a founding partner and director of the Real Options Group
Real Options Group
The Real Options Group is a management consulting firm specializing in the application of Real Options Analysis. The President of ROG is Dr. Lenos Trigeorgis, a pioneer in the field....
since its inception. He has served as consultant to businesses and governments in the USA and Canada. He was previously a professor at the London Business School
London Business School
London Business School is an international business school and a constituent college of the federal University of London, located in central London, beside Regent's Park...
.
Professor Brennan holds a B.Phil. in Economics (1964) from Oxford University, an MBA (1967) from the University of Pittsburgh
University of Pittsburgh
The University of Pittsburgh, commonly referred to as Pitt, is a state-related research university located in Pittsburgh, Pennsylvania, United States. Founded as Pittsburgh Academy in 1787 on what was then the American frontier, Pitt is one of the oldest continuously chartered institutions of...
and a Ph.D. in Business (1970) from the MIT Sloan School of Management
MIT Sloan School of Management
The MIT Sloan School of Management is the business school of the Massachusetts Institute of Technology, in Cambridge, Massachusetts....
.
On May 22, 2011, Brennan was awarded an honorary Doctor of Laws from the University of Notre Dame
University of Notre Dame
The University of Notre Dame du Lac is a Catholic research university located in Notre Dame, an unincorporated community north of the city of South Bend, in St. Joseph County, Indiana, United States...
.