Timothy A. Luehrman is a finance

academic An academy (Attic Greek: Ἀκαδήμεια; Koine Greek Ἀκαδημία) is an institution of secondary or tertiary higher learning (and generally also research or honorary membership). The name traces back to Plato's school of philosophy, ...

, formerly a senior lecturer at Harvard Business School. He is best known for his work on valuation and

real options Real options valuation, also often termed real options analysis,Adam Borison (Stanford University)''Real Options Analysis: Where are the Emperor's Clothes?'' (ROV or ROA) applies option valuation techniques to capital budgeting decisions.Campbe ...

; specifically, he conceived the idea of treating

business strategy In the field of management, strategic management involves the formulation and implementation of the major goals and initiatives taken by an organization's managers on behalf of stakeholders, based on consideration of resources and an assessmen ...

as a series of options, and his papers here are widely quoted. His research focuses on international corporate finance, advanced valuation techniques, and long-horizon financial management. He has published numerous books, research articles and case studies for both scholars and practitioners. He has held appointments at the MIT Sloan School of Management, International Institute for Management Development, IMD and the Thunderbird School of Global Management. He was also a managing director at Standard & Poor’s Corporate Value Consulting division and a partner at

PricewaterhouseCoopers PricewaterhouseCoopers is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounti ...

. During 2003–2004 he was a member of the Financial Accounting Standards Board’s Option Valuation Group. He received his

B.A. Bachelor of arts (BA or AB; from the Latin ', ', or ') is a bachelor's degree awarded for an undergraduate program in the arts, or, in some cases, other disciplines. A Bachelor of Arts degree course is generally completed in three or four yea ...

in economics from Amherst College (1979),

MBA A Master of Business Administration (MBA; also Master's in Business Administration) is a postgraduate degree focused on business administration. The core courses in an MBA program cover various areas of business administration such as accounti ...

from Harvard Business School (1983), and

Ph.D. A Doctor of Philosophy (PhD, Ph.D., or DPhil; Latin: or ') is the most common degree at the highest academic level awarded following a course of study. PhDs are awarded for programs across the whole breadth of academic fields. Because it is ...

business economics Business economics is a field in applied economics which uses economic theory and quantitative methods to analyze business enterprises and the factors contributing to the diversity of organizational structures and the relationships of firms with ...

from the Harvard Graduate School of Arts and Sciences (1986).

References

Living people Year of birth missing (living people) Harvard Business School faculty Financial economists American finance and investment writers American textbook writers American male non-fiction writers Corporate finance theorists Real options MIT Sloan School of Management faculty Amherst College alumni Harvard Business School alumni American economists John Burroughs School alumni {{US-economist-stub