Thomas Copeland

The Richard P. and Kaye M. Woltman Professor of Finance
Thomas Copeland
(619) 260-2917
Office Location
Olin Hall 311
  • Ph.D. University of Pennsylvania
  • MBA Wharton
  • B.A. John Hopkins University, Economics
Areas of Expertise

Selected Publications

  • Comparing Valuation Models (Chapter 4), John Wiley & Sons
  • The Welfare Effects of Public Information in an Asymmetric Information Market, Accounting and Financial Globalization, Quorum Books, Josh Ronen ed.
  • Outperform with Expectations-Based-Management, John Wiley & Sons
  • Real Options -- A Practitioner's Guide, Thomson/Texere
  • Valuation: Measuring and Managing the Value of Companies, John Wiley & Sons


Tom Copeland is one of the few people in the world with deep experience and top credentials as a practitioner as well as an academic in financial economics. As an academic, he has written six books and more than 60 articles. Financial Theory and Corporate Policy is now in its fourth edition and has been in print continuously since 1979, having been used as a textbook at more than 100 universities. Valuation: Measuring and Managing the Value of Companies, sold more than 350,000 copies. Copeland has published significant research papers on valuation, real options, stock splits, the theory of the bid-ask spread, the theory of trading volume, non-synergistic acquisition and capital efficiency. He was a tenured full professor at UCLA, an adjunct full professor at NYU and Harvard Business School. He was a senior lecturer at MIT for five years. He was elected to the Financial Economics Roundtable in 2004,…