Michael Brennan is a professor of finance at both UCLA Anderson School of Management and London Business School. His research interests include asset pricing, corporate finance, the pricing and role of derivative securities, market microstructure and the role of information in capital markets. He has published extensively in all of these areas.
His current research concerns several topics, including: the problem of asset allocation when investors face time-varying opportunity sets; initial public offerings and the allocation of control rights in the corporation; the determinants of international flows of portfolio investment; the role of convertible securities in corporate finance; and corporate hedging strategies.
A former president of the American Finance Association, Brennan has served as editor of the Journal of Finance and was the founding editor of the Review of Financial Studies. He has consulted extensively for corporations in Canada and the U.S., and in 1995 he was awarded the INQUIRE Europe prize for his work on corporate hedging strategies.
Ph.D. Business, 1970, Massachusetts Institute of Technology
MBA Management, 1967, University of Pittsburgh
B.Phil. Economics, 1964, Oxford University