Michael Cliff

Managing Principal

Michael Cliff

Washington, DC


Ph.D., business administration (finance), University of North Carolina at Chapel Hill; B.S., finance, Virginia Tech

Summary of Experience

Dr. Cliff is a financial economist who has extensive experience with sophisticated econometric models and large financial data sets. His expertise covers a variety of topics, including asset valuation, derivatives, mergers and acquisitions (M&A), stock analysts’ recommendations, initial public offerings, real estate investment trusts (REITs), and hedge funds. In his consulting engagements Dr. Cliff’s work has addressed damages modeling, class certification, business and asset valuation, analysis of complex financial structures, analysis of solvency and debt covenants, evaluation of investment strategies, and assessment of due diligence practices. In these assignments, he has managed large case teams, designed and performed analyses supporting export reports, critiqued opposing expert reports, and assisted with preparation for depositions and trial. Prior to joining Analysis Group, Dr. Cliff was a finance professor for nine years at Purdue University and Virginia Tech, where he taught a variety of courses at the undergraduate, M.B.A., and Ph.D. levels. His academic research has been published in leading journals such as The Journal of Finance, The Journal of Business, and Financial Management.