Michael Brennan (finance)

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Michael J. Brennan (born November 14, 1942) is emeritus professor of finance at the UCLA Anderson School of Management. [1] Brennan co-designed the Brennan-Schwartz interest rate model [2] and was a pioneer of real options theory. [3] 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.

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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. [4]

Selected publications

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References

  1. UCLA Anderson School of Management website
  2. Brennan, Michael J.; Schwartz, Eduardo S. (1979). "A continuous time approach to the pricing of bonds". Journal of Banking & Finance. 3 (2): 133–155. doi:10.1016/0378-4266(79)90011-6.
  3. See for example: Eduardo Schwartz and Lenos Trigeorgis, Eds. Real Options and Investment under Uncertainty: Classical Readings and Recent Contributions Archived 2011-06-29 at the Wayback Machine . Cambridge, MA: MIT Press, 2004. ISBN   0-262-69318-6
  4. University of Notre Dame. "Honorary Degrees". Archived from the original on 13 August 2011. Retrieved 20 June 2011.