Background

Michael Schwert joined the Department of Finance in June 2016 after earning a PhD in Finance from the Stanford Graduate School of Business.  His research interests include credit markets, capital structure, and municipal finance. He recently received the AQR Top Finance Graduate Award from Copenhagen Business School and the PhD Outstanding Paper Award from Washington University in St. Louis for his work on the relation between bank capital structure and lending clientele.

Professor Schwert teaches corporate finance in the Fisher undergraduate program. Prior to graduate school, he worked as an analyst at CNH Partners, a hedge fund in Greenwich, CT.  Originally from Rochester, NY, he holds a BS in Mathematics and Economics from Duke University.

Courses

  • BUSFIN 4211 - Corporate Finance

    Analysis of advanced capital budgeting problems through understanding the theories and applications of capital structure, leasing and real options. Theories and applications in corporate control, corporate governance and mergers and acquisitions. Prereq: 3220 (620), AcctMIS 2200, 2300, BusMgt 2320 (330), 2321 (331), and BusMHR 2291 or 2292 (BusAdm 499.01) Not open to students with credit for 721, 4210 or 4212.