Steven Grenadier’s research focuses on applying option pricing theory to real investment analysis. Topics have included the impact of competition and private information on option exercise decisions, the underpinnings of real estate cycles, the analysis of lease contracts, and the modeling of investment decisions of those with time-inconsistent preferences.

Steven Grenadier is the William F. Sharpe Professor of Financial Economics at the Stanford Graduate School of Business. He chaired the finance group at Stanford (2003-2006). 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 the impact of competition and private information on option exercise decisions, the underpinnings of real estate cycles, the analysis of lease contracts, and the modeling of investment decisions of those with time-inconsistent preferences. He is an Editor of the Journal of Real Estate Finance and Economics and a former Associate Editor of the Journal of Economic Dynamics and Control. He teaches courses in investments at the MBA level, and the theory of finance at the PhD level. He is a consulting Financial Economist with Financial Engines, and a former director of Nicholas Applegate Institutional funds, AQR funds, and E*Trade Funds.