Works
- Determinants of Corporate Borrowing, Journal of Financial Economics 5(2), 1977
- Principles of Corporate Finance (with Richard A. Brealey), McGraw-Hill, 1981
In Thinking Tools
Known for
An MIT Sloan finance professor, coauthor of Principles of Corporate Finance, who coined the term real options in his 1977 paper: a firm's growth opportunities are options on future investment, valued like financial options.