Faculty and Research

Timothy A. Luehrman joined the Finance Unit as Senior Lecturer in 2004. Luehrman was previously a member of the HBS faculty from 1986 to 1995 and has also held appointments at MIT’s Sloan School, IMD International in Lausanne, Switzerland, and the Thunderbird School of Global Management in Glendale, Arizona.

Most recently Luehrman was Managing Director at Standard & Poor’s Corporate Value Consulting division and, prior to that, a partner at PricewaterhouseCoopers, LLP where he directed PwC’s Global Technical Centre within the Financial Advisory Services practice. At PwC and S&P Luehrman served corporate clients as an authority on technical valuation issues in engagements concerning mergers and acquisitions, taxes, financial reporting, restructuring, solvency, and capital budgeting. He was an S&P Product Leader, Director of R&D, and responsible for development of valuation training courses and materials. Luehrman has served as an expert on advanced valuation techniques for auditors, public corporations, and regulators on issues arising from “fair value” financial reporting standards related to, for example, employee stock options, intangible assets, variable interest entities, corporate guarantees, and so forth. During 2003-2004 Luehrman was a member of the Financial Accounting Standards Board’s Option Valuation Group, formed to advise the Board and FASB staff as they worked on a new US GAAP reporting standard for equity-linked compensation (SFAS 123R).

Luehrman served as editor of S&P quarterly publications, Valuation Insights and Global Cost of Capital Report. He also was editor and producer of S&P's series of monthly webcasts on technical valution topics, The CVC Monthly Technical Briefing.

In his various academic appointments Luehrman conducted research and course development activities in the areas of international corporate finance, advanced valuation techniques, real options analysis, and long-horizon financial management. He has taught both introductory and advanced courses to MBAs and executives in these and other subject areas. Luehrman has published numerous books, articles, case studies, teaching notes, and technical notes for both scholars and practitioners.

Luehrman received a B.A. in English and Economics from Amherst College in 1979. He received his MBA from Harvard Business School in 1983 and a Ph.D. in Business Economics from Harvard’s Graduate school of Arts and Sciences in 1986. He lives with his wife and children in Belmont, Massachusetts.