Biography

Myron Scholes is the Frank E. Buck Professor of Finance, Emeritus, at the Stanford Graduate School of Business, Nobel Laureate in Economic Sciences, and co-originator of the Black-Scholes options pricing model. Scholes was awarded the Nobel Prize in 1997 for his new method of determining the value of derivatives. Scholes is currently the Chairman of the Board of Economic Advisers of Stamos Partners.

Previously he served as the Chairman of Platinum Grove Asset Management and on the Dimensional Fund Advisors Board of Directors, American Century Mutual Fund Board of Directors and the Cutwater Advisory Board. He was a principal and Limited Partner at Long-Term Capital Management, L.P. and a Managing Director at Salomon Brothers. Other positions Scholes held include the Edward Eagle Brown Professor of Finance at the University of Chicago, Senior Research Fellow at the Hoover Institution, Director of the Center for Research in Security Prices, and Professor of Finance at MIT’s Sloan School of Management. Scholes earned his PhD at the University of Chicago.


Academic Publications

Decentralized Investment Banking

Myron S. Scholes, Mark A. Wolfson. Journal of Financial Economics. September 1989, Vol. 24, Issue 1, Pages 7–35.

The Economics of Hedging and Spreading in Futures Markets

Myron S. Scholes. Journal of Futures Research. July 1981, Vol. 1, Issue 2, Pages 265–286.

Optimal Liquidation of Assets in the Presence of Personal Taxes: Implications for Asset Pricing

George M. Constantinides, Myron S. Scholes. Journal of Finance. May 1980, Vol. 35, Issue 2, Pages 439-449.

Dividends and Taxes

Merton H. Miller, Myron S. Scholes. Journal of Financial Economics. December 1978, Vol. 6, Issue 4, Pages 333-364.

The Effects of Dividend Yield and Dividend Policy on Common Stock Prices and Returns

Fischer Black, Myron S. Scholes. Journal of Financial Economics. May 1974, Vol. 1, Issue 1, Pages 1–22.

Books

Taxes & Business Strategy (5th edition)

Myron S. Scholes, Mark A. Wolfson, Merle Erickson, Michelle Hanlon, Edward Maydew, Terry Shevlin Upper Saddle River: Prentice Hall, 2015.

Books

Taxes & Business Strategy (5th edition)

Myron S. Scholes, Mark A. Wolfson, Merle Erickson, Michelle Hanlon, Edward Maydew, Terry Shevlin Upper Saddle River: Prentice Hall, 2015.