Metrick Is the Inaugural Nierenberg Professor

Andrew Metrick, newly named as the inaugural Theodore Nierenberg Professor of Corporate Governance, focuses his research and teaching on venture capital, private equity, corporate governance and decision-making under uncertainty.

In his most recent research, Metrick created a method that makes it easier for venture capitalists to calculate realistic valuations of start-ups, high-growth companies and Initial Public Offerings. The model is outlined in his 2006 book “Venture Capital and the Finance of Innovation,” which received attention in the popular press including The New York Times, Forbes and Red Herring. His other research has examined the relationship between shareholder rights and company performance; the economics of private equity funds; how the structure of employers’ retirement plans affect employee participation; and the relationship between insider ownership and firm value.

Metrick joined the Yale School of Management faculty in 2008 after teaching from 1999 to 2007 at The Wharton School of the University of Pennsylvania (UPenn), where he was awarded an Excellence in Teaching Award in the undergraduate division four times and in the graduate division five times. He also earned the school’s David W. Hauck Award for Excellence in Undergraduate Teaching, the Class of 1984 Award for the highest teaching rating in the M.B.A. program, the Wharton Award from the Wharton Graduate Association and UPenn’s Lindback Award.

Prior to teaching at Wharton, Metrick taught economics for five years at Harvard University, where he earned his A.M. and Ph.D. in economics. He was honored for his teaching there with the Joseph R. Levenson Memorial Teaching Award and the Roslyn Abramson Award.

Metrick earned joint B.A. and M.A. degrees in 1989 at Yale, where he worked as a research assistant to Nobel Prize-winning economist James Tobin. A few years after Tobin’s death in 2002, Metrick was invited to contribute an entry on Tobin for the International Encyclopedia of Social Sciences.

At Yale, Metrick is also affiliated with the Yale Law School Center for the Study of Corporate Law.

Metrick serves as a faculty research fellow at the National Bureau of Economic Research. He is an associate editor of the Journal of Finance, the Journal of Banking and Finance, and the Journal of Financial Intermediation. He is an associate chair of the Western Finance Association and serves on the organization’s program committee. He has also served on committees of the American Finance Association, the Financial Management Association and the European Financial Management Association.

The Theodore Nierenberg Professorship of Corporate Governance was established with a gift from David Nierenberg ‘75, LAW ‘78, and his wife, Patricia. David Nierenberg, a former management consultant and venture capitalist, is president of Nierenberg Investment Management Company Inc. The chair is named in honor of his father, Theodore Nierenberg, an independent insurance agent, financial planner and civil leader in Teaneck, New Jersey.

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