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.
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).
|1984||PhD, Financial Economics, Binghamton University--SUNY|
|1981||MA, International Economics and Corporate Finance, Binghamton University--SUNY|
|1979||BA, Political Science & Government, State University of New York College at New Paltz|
146 Statler Hall
Economic and Capital Market Antecedents of Venture Capital Commitments (1960-2010)
Articles and Chapters (2013)
Using vector autoregression technique, we examine the interrelation between venture capital flows, economic development, capital market fund-raising activities, and capital ...