Steven Grenadier is a prominent finance expert with extensive experience in corporate finance, asset pricing, real estate, and option pricing matters.
Applying academic rigor to investments, ERISA, and securities issues
Professor Grenadier has testified in numerous investments and derivatives cases, addressing disclosure, suitability, and valuation issues. He has also testified in many matters involving the Employee Retirement Income Security Act (ERISA). Professor Grenadier has evaluated alleged breaches of fiduciary duty, excessive fees, and inappropriate investments, including in Garceau v. Embry-Riddle Aeronautical University Inc.
In Section 10b-5 and 11 securities class actions, Professor Grenadier has analyzed market efficiency, price impact, Comcast issues, and loss causation and damages. His experience spans federal and state courts and includes Freshworks Inc. Securities Litigation and In re Cloudera Inc. Securities Litigation.
Advanced research in capital structure and market dynamics
In his research, Professor Grenadier specializes in complex financial asset analysis, with a focus on applying option pricing theory to real-world investment analysis. In addition, Professor Grenadier has studied optimal capital structure and bankruptcy decisions, industry boom and bust cycles, real option signaling games, valuation of complex lease contracts, and commercial real estate equilibrium models.
Academic leadership and practical industry experience
Professor Grenadier previously served as an editor of the Journal of Real Estate Finance and Economics; he is also a former associate editor of the Journal of Economic Dynamics and Control. He has published articles in leading peer-reviewed journals, notably the Journal of Finance, the Journal of Financial Economics, the American Economic Review, and the Review of Financial Studies.
At Stanford GSB, Professor Grenadier has taught courses on investments, portfolio management, valuation of complex financial assets, entrepreneurial finance, and finance theory.
A former senior financial economist and consultant with Financial Engines, Professor Grenadier also formerly served as a director of Nicholas-Applegate Institutional Funds, AQR Funds, and E*Trade.