Mike Ehrhardt is a Professor in the Finance Department and is the Paul and Beverly Castagna Professor of Investments.  Mike did his undergraduate work in Civil Engineering at Swarthmore College.  After working several years as an engineer, he returned to graduate school and received an M.S. in Operations Research and a Ph.D. in Finance from the Georgia Institute of Technology.  

Mike has taught extensively at the undergraduate, masters, and doctoral levels in the areas of investments, corporate finance, and capital markets. He has directed and served on numerous dissertation committees. He is a member of the team that developed and delivers the integrative first year of the MBA program. He was the winner of the Allen G. Keally Outstanding Teacher Award in the College of Business in 1989, the Tennessee Organization of MBA Students Outstanding Faculty member in 1998, and the College of Business Administration Research & Teaching Award in 1998.

Much of Mike’s research is in the areas of corporate valuation and asset pricing models, including pricing models for interest-rate sensitive instruments.  His work has been published in numerous journals, including The Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, The Financial Review, The Journal of Financial Research, and The Journal of Banking and Finance.  He is the author of The Search for Value: Measuring the Company’s Cost of Capital, published by the Harvard Business School Press.  He is a co-author of Financial Management: Theory and Practice, the market-leading MBA finance textbook, and Corporate Finance: A Focused Approach, a more focused textbook that can be covered in a single semester.  He is also a co-author of a forthcoming book, Corporate Valuation: A Guide for Managers and Investors.

Mike teaches in Executive Education Programs and consults in the areas of corporate valuation, value-based compensation plans, financial aspects of supply-chain management, and the cost of capital.

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