Mueller, Holger M. Associate Professor of Finance  Faculty Research Fellow, NBER Research Affiliate, CEPR Research Associate, ECGI Phone: (212) 998-0341 Email:  hmueller@stern.nyu.edu Office: KMEC 9-82 44 West Fourth Street  Suite 9-190  New York, NY 10012-1126

"Essentially, every five years a bright business school professor comes up with a new twist on corporate finance theory and publishes it in the Journal of Finance or some other academic periodical. It filters down, often through consultants and bankers, to corporations, to adapt variant  forms of the theories. But it's all theoretical as hell, so naturally the theories get adapted and tangled. As long as a sense of humor is kept, the exercises are worthwile." Bruce Wasserstein

Education

• Habilitation in Economics, University of Mannheim
• Ph.D. in Economics, University of St. Gallen
• B.A. in Business Administration, University of St. Gallen

Business Experience

• Mergers & Acquisitions, Salomon Brothers, Frankfurt
• Precious Metal Trading, NM Rothschild & Sons, London
• Portfolio Management, Deutsche Bank, New York
• Mergers & Acquisitions, Goldman Sachs, London

Research   (Curriculum Vitae)

        [19]     Corporate Governance, Product Market Competition, and Equity Prices, with Xavier Giroud
        [18]     Does Corporate Governance Matter in Competitive Industries?, with Xavier Giroud, Journal of Financial Economics, revise and resubmit
                        (See also the article in the Sloan Management Review)
[17] Early-Stage Financing and Firm Growth in New Industries, with Roman Inderst, Journal of Financial Economics, forthcoming
[16] CEO Replacement under Private Information, with Roman Inderst, Review of Financial Studies, revise and resubmit
        [15]     Safeguarding Specific Human Capital Investments, with Roman Inderst
        [14]     Family Firms, Paternalism, and Labor Relations, with Thomas Philippon, American Economic Journal: Macroeconomics, revise and resubmit
[13] Bank Capital Structure and Credit Decisions, with Roman Inderst, Journal of  Financial Intermediation, 2008
        [12] Financing a Portfolio of Projects, with Roman Inderst and Felix Münnich, Review of Financial Studies, 2007
        [11] A Lender-Based Theory of Collateral, with Roman Inderst, Journal of Financial Economics, 2007
        [10] Distributional Conflict in Organizations, with Roman Inderst and Karl Wärneryd, European Economic Review, 2007
        [9] Informed Lending and Security Design, with Roman Inderst, Journal of Finance, 2006
        [8] Tender Offers and Leverage, with Fausto Panunzi, Quarterly Journal of Economics, 2004
        [7]       The Effect of Capital Market Characteristics on the Value of Start-Up Firms, with Roman Inderst, Journal of Financial Economics, 2004
        [6]       Internal vs. External Financing: An Optimal Contracting Approach, with Roman Inderst, Journal of Finance, 2003
        [5]       Competitive Search Markets for Durable Goods, with Roman Inderst, Economic Theory, 2002
        [4]       Inside vs. Outside Ownership: A Political Theory of the Firm, with Karl Wärneryd, RAND Journal of Economics, 2001
        [3]       Asymptotic Efficiency in Dynamic Principal-Agent Problems, Journal of Economic Theory, 2000
        [2]       Ownership Concentration, Monitoring, and the Agency Cost of Debt, with Roman Inderst, mimeo, 1999
        [1]       The First-Best Sharing Rule in the Continuous-Time Principal-Agent Problem with Exponential Utility, Journal of Economic Theory, 1998

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