Aswath Damodaran (born 24 September 1957), is an
Indian-American Professor of Finance at the
Stern School of Business
The Leonard N. Stern School of Business (also NYU Stern, Stern School of Business, or simply Stern) is the business schools, business school of New York University, a private university, private research university based in New York City. Founded ...
at
New York University
New York University (NYU) is a private university, private research university in New York City, New York, United States. Chartered in 1831 by the New York State Legislature, NYU was founded in 1832 by Albert Gallatin as a Nondenominational ...
(Kerschner Family Chair in Finance Education).
He is well known as the author of several widely used academic and practitioner texts on
valuation,
corporate finance
Corporate finance is an area of finance that deals with the sources of funding, and the capital structure of businesses, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and analy ...
and
investment management
Investment management (sometimes referred to more generally as financial asset management) is the professional asset management of various Security (finance), securities, including shareholdings, Bond (finance), bonds, and other assets, such as r ...
; as well as a provider of comprehensive data for valuation purposes.
Background
Damodaran has been a professor at New York University's Stern School of Business, since 1986, focusing on
corporate finance
Corporate finance is an area of finance that deals with the sources of funding, and the capital structure of businesses, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and analy ...
and
equity valuation.
He is on the faculty of the
TRIUM Global Executive MBA Program, an alliance of
NYU Stern, the
London School of Economics
The London School of Economics and Political Science (LSE), established in 1895, is a public research university in London, England, and a member institution of the University of London. The school specialises in the social sciences. Founded ...
and
HEC School of Management.
Other teaching includes the "Valuation" program for Stern Executive Education
as well as the "Advanced Valuation" and "Corporate Finance"
online certificates at
NYU Stern.
From 1984 to 1986 he was a
visiting lecturer at the
University of California, Berkeley
The University of California, Berkeley (UC Berkeley, Berkeley, Cal, or California), is a Public university, public Land-grant university, land-grant research university in Berkeley, California, United States. Founded in 1868 and named after t ...
.
He was born in
Chennai, India.
He holds an
MBA
A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular a ...
and
PhD
A Doctor of Philosophy (PhD, DPhil; or ) is a terminal degree that usually denotes the highest level of academic achievement in a given discipline and is awarded following a course of graduate study and original research. The name of the deg ...
in finance from
UCLA
The University of California, Los Angeles (UCLA) is a public land-grant research university in Los Angeles, California, United States. Its academic roots were established in 1881 as a normal school then known as the southern branch of the C ...
, along with a
B.Com. in
accounting
Accounting, also known as accountancy, is the process of recording and processing information about economic entity, economic entities, such as businesses and corporations. Accounting measures the results of an organization's economic activit ...
from
Loyola College and a
postgraduate diploma fILE:Prédio Pós Graduação IMECC Unicamp.jpg, The State University of Campinas, as well as many Brazilian universities, offer Postgraduate courses in Brazil
A postgraduate diploma (PgD, PgDip, PGDip, PG Dip., PGD, Dipl. PGD) is a postgraduat ...
(equivalent to an
MBA
A Master of Business Administration (MBA) is a professional degree focused on business administration. The core courses in an MBA program cover various areas of business administration; elective courses may allow further study in a particular a ...
) from the
Indian Institute of Management Bangalore
Indian Institute of Management Bangalore (IIM Bangalore or IIMB) is a reputed business school and an Institute of National Importance located in Bangalore, Karnataka, India. Founded in 1973, it was chronologically the third in the first gener ...
.
[Aswath Damodaran IIM Bangalore](_blank)
Works
As above, Professor Damodaran has written several books on equity valuation, as well as on
corporate finance
Corporate finance is an area of finance that deals with the sources of funding, and the capital structure of businesses, the actions that managers take to increase the Value investing, value of the firm to the shareholders, and the tools and analy ...
and investments.
*''Damodaran on Valuation: Security Analysis for Investment and Corporate Finance'' (1994)
*''
Investment Valuation: Tools and Techniques for Determining the Value of Any Asset'' (1995; 3rd Edition 2012)
*''Corporate Finance: Theory and Practice'' (1996)
*''Applied Corporate Finance: A User's Manual'' (1998; 4th Edition 2014
)
*''The Dark Side of Valuation: Valuing Old Tech, New Tech, and New Economy Companies '' (2001; 2nd Edition 2009)
*''Investment Philosophies: Successful Strategies and the Investors Who Made Them Work '' (2003)
*''Investment Fables: Exposing the Myths of "Can't Miss" Investment Strategies'' (2004)
*''Strategic Risk Taking: A Framework For Risk Management'' (2007)
*''The Little Book of Valuation: How to Value a Company, Pick a Stock and Profit'' (2011)
*''Narrative and Numbers: The Value of Stories in Business'' (2017)
*''The Corporate Life Cycle: Managing, Valuation and Investing Implications'' (2024)
See also
*
Cost-benefit analysis
*
Indians in the New York City metropolitan region
*
New Yorkers in journalism
New York City has been called the Media in New York City, media capital of the world. Many journalists work in Manhattan, reporting about international, American, sports journalism, sports, business journalism, business, entertainment journalism ...
*
Price-to-earnings ratio
References
External links
HomepageAuthor PageSSRN
The Social Science Research Network (SSRN) is an open access research platform that functions as a repository for sharing early-stage research and the rapid dissemination of scholarly research in the social sciences, humanities, life sciences, ...
Author PageScientificCommons
ScientificCommons was a project of the University of St. Gallen ''Institute for Media and Communications Management''. The major aim of the project was to develop the world’s largest archive of scientific knowledge with fulltexts freely accessi ...
{{DEFAULTSORT:Damodaran, Aswath
Living people
American economics writers
American male writers of Indian descent
American finance and investment writers
American textbook writers
Corporate finance theorists
UCLA Anderson School of Management alumni
Indian Institute of Management Bangalore alumni
New York University Stern School of Business faculty
Indian academics
Indian emigrants to the United States
University of Madras alumni
American academics of Indian descent
American male non-fiction writers
1957 births
Indian scholars