Steven Carvell, Ph.D.
School of Hotel Administration
Steven Carvell, Ph.D. is Associate Professor and Assistant Dean for the School of Hotel Administration, Cornell University. He holds both a Ph.D. and Master of Art from the State University of New York at Binghamton, and a Bachelor of Art from the State University of New York College at New Paltz.
Dr. Carvell has worked for professional equity market money managers in the area of applied strategy and has served as a consultant to the Presidential Commission on the 1987 stock market crash. Dr. Carvell has conducted specialized executive education seminars for some of the world's largest hotel corporations. His research focuses on new approaches to hotel valuation and investment decisions, adjusted present value analysis, the valuation of sequential real options within a valuation framework, and the valuation of exotic reservation options.
Dr. Carvell's expertise extends to determining optimal brand standards for companies, risk analysis in feasibility studies, debt capacity models, strategic benchmarking, and economic value added analysis. Dr. Carvell's other major projects include identifying the determinants of demand for U.S. hotels and evaluating the effectiveness of company business strategies, using strategic benchmarking and economic value added analysis.
Dr. Carvell has published articles in numerous academic and professional journals, includingFinancial Analysts Journal and Harvard Business Review. He currently writes for the Wall Street Journal's Educator Online, and is a member of the Wall Street Journal Advisory Board. He is co-author of In the Shadows of Wall Street and his work has been featured in The Wall Street Journal, The New York Times, Forbes, Fortune, Institutional Investor, and Financial World.
Courses authored:
Mastering the Time Value of Money
Making Capital Investment Decisions
