Stewart Clay Myers is the Robert C. Merton Professor of Financial Economics at the MIT Sloan School of Management.
[2] Myers, in fact, coined the term "real option".
He is the co-author with Richard A. Brealey and Franklin Allen of Principles of Corporate Finance, a widely used and cited business school textbook, now in its 11th edition.
[4] He began teaching at MIT Sloan School of Management in 1966.
[5] His contributions are seen as falling into three main categories:[6] Recent projects include the valuation of investments in R&D, risk management, and the allocation of capital in diversified firms, and the theory of corporate governance.