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.
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.
On May 22, 2011, Brennan was awarded an honorary Doctor of Laws from the University of Notre Dame.