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About Steven Carvell

Steven Carvell is a professor, Associate Dean for Academic Affairs, and Academic Director of the Leland C. and Mary M. Pillsbury Institute for Hospitality Entrepreneurship at the School of Hotel Administration. He has taught finance courses at the School since 1986. Carvell’s research is directed toward new approaches to hotel valuation and investment decisions. Recent projects have focused on adjusted present value analysis and the valuation of sequential real options within a hotel valuation framework; the valuation of exotic reservation options in hotels; and determining optimal brand standards for hotel companies. Carvell recently finished a major project designed to identify the determinants of hotel demand in the U.S. He is also involved with evaluating the effectiveness of hotel company business strategies, using strategic benchmarking and Economic Value Added analysis. Carvell is the co-author of In the Shadows of Wall Street, (Prentice-Hall, Inc. Paul Strebel and Steven Carvell, 1988). He has published ten articles in academic and professional journals including the Financial Analysts Journal and the Harvard Business Review. His work has been featured in the Wall Street Journal, The New York Times, Forbes, Fortune, and Institutional Investor and Financial World. Carvell has worked for professional money managers in applied strategy in the equity market and served as a consultant to the Presidential Commission on the 1987 stock market crash. He specializes in new approaches to valuation and risk analysis in feasibility studies, hotel debt capacity models, strategic benchmarking and economic value added analysis. Professor Carvell has conducted numerous specialized Executive Education seminars for some of the largest hotel companies in the world. Carvell holds a Ph.D. from the State University of New York, Binghamton.

Positions

2016 Present Professor of Finance, Cornell University School of Hotel Administration
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2013 Present Academic Director of The Pillsbury Institute for Hospitality Entrepreneurship, Cornell University School of Hotel Administration
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2007 Present Associate Dean for Academic Affairs, Cornell University School of Hotel Administration
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Present Professor, Cornell University School of Hotel Administration
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19902016 Associate Professor, Cornell University School of Hotel Administration
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20032006 Assistant Dean, Cornell University School of Hotel Administration
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19861990 Assistant Professor of Financial Management, Cornell University School of Hotel Administration
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19841986 Assistant Professor of Finance, Bentley College
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19831984 Lecturer & Instructor in Managerial Finance, State University of New York at Binghamton
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Curriculum Vitae




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Honors and Awards

  • Movers & Shakers of the Finger Lakes, Finger Lakes Magazine (1988).
  • Best Research Paper, Bentley College. (1985).
  • Dissertation Award, Honorable Mention, Financial Management Association. (1984).
  • Best Research Paper, Honorable Mention, Eastern Finance Association. (1983).


Education

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1984 PhD, Financial Economics, Binghamton University--SUNY
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1981 MA, International Economics and Corporate Finance, Binghamton University--SUNY
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1979 BA, Political Science & Government, State University of New York College at New Paltz
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Contact Information

Finance
146 Statler Hall
Phone: 607.255.3692

Email:


Articles (20)