Will Gornall

University of British Columbia (UBC) - Sauder School of Business

Assistant Professor

2053 Main Mall

Vancouver, BC V6T 1Z2

Canada

http://willgornall.com

SCHOLARLY PAPERS

15

DOWNLOADS
Rank 430

SSRN RANKINGS

Top 430

in Total Papers Downloads

75,747

SSRN CITATIONS

620

CROSSREF CITATIONS

17

Scholarly Papers (15)

1.
Downloads 23,401 ( 229)
Citation 52

Squaring Venture Capital Valuations with Reality

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 57 Posted: 22 Apr 2017 Last Revised: 10 Dec 2019
Will Gornall and Ilya A. Strebulaev
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 23,011 (234)
Citation 21

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Venture Capital, Unicorns, Valuation, Entrepreneurship

Squaring Venture Capital Valuations with Reality

NBER Working Paper No. w23895
Number of pages: 59 Posted: 09 Oct 2017 Last Revised: 17 Apr 2022
Will Gornall and Ilya A. Strebulaev
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 390 (141,434)
Citation 2

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2.
Downloads 20,010 ( 303)
Citation 192

How Do Venture Capitalists Make Decisions?

Stanford University Graduate School of Business Research Paper No. 16-33, European Corporate Governance Institute (ECGI) - Finance Working Paper No. 477/2016
Number of pages: 95 Posted: 29 Jun 2016 Last Revised: 21 Sep 2022
Harvard Business School - Finance Unit, University of British Columbia (UBC) - Sauder School of Business, University of Chicago - Booth School of Business and Stanford University - Graduate School of Business
Downloads 19,699 (307)
Citation 66

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venture capital, entrepreneurship

How Do Venture Capitalists Make Decisions?

NBER Working Paper No. w22587
Number of pages: 64 Posted: 07 Sep 2016 Last Revised: 20 Mar 2023
Harvard Business School - Finance Unit, University of British Columbia (UBC) - Sauder School of Business, University of Chicago - Booth School of Business and Stanford University - Graduate School of Business
Downloads 311 (181,135)
Citation 9

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3.

The Economic Impact of Venture Capital: Evidence from Public Companies

Number of pages: 44 Posted: 29 Oct 2015 Last Revised: 08 Jul 2021
Will Gornall and Ilya A. Strebulaev
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 9,210 (1,215)
Citation 26

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4.
Downloads 4,126 ( 4,804)
Citation 12

Venture Capitalists and COVID-19

conditionally accepted at Journal of Financial and Quantitative Analysis
Number of pages: 33 Posted: 13 Aug 2020 Last Revised: 28 Aug 2021
Harvard Business School - Finance Unit, University of British Columbia (UBC) - Sauder School of Business, University of Chicago - Booth School of Business and Stanford University - Graduate School of Business
Downloads 3,737 (5,548)
Citation 2

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venture capital, entrepreneurship, COVID-19, coronavirus, pandemic

Venture Capitalists and COVID-19

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-135
Number of pages: 32 Posted: 23 Sep 2020
Harvard Business School - Finance Unit, University of British Columbia (UBC) - Sauder School of Business, University of Chicago - Booth School of Business and Stanford University - Graduate School of Business
Downloads 267 (212,305)
Citation 6

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Venture Capitalists and Covid-19

NBER Working Paper No. w27824
Number of pages: 32 Posted: 21 Sep 2020 Last Revised: 17 Jul 2023
Harvard Business School - Finance Unit, University of British Columbia (UBC) - Sauder School of Business, University of Chicago - Booth School of Business and Stanford University - Graduate School of Business
Downloads 122 (425,945)

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5.

A Valuation Model of Venture Capital-Backed Companies with Multiple Financing Rounds

Number of pages: 54 Posted: 12 Feb 2021 Last Revised: 08 Jul 2021
Will Gornall and Ilya A. Strebulaev
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 3,094 (7,679)
Citation 4

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Venture Capital, Valuation, Entrepreneurship, Capital Structure, Renegotiation

Customer Data Access and Fintech Entry: Early Evidence from Open Banking

Stanford University Graduate School of Business Research Paper
Number of pages: 103 Posted: 08 Apr 2022 Last Revised: 22 Jan 2024
Columbia University - Columbia Business School, Finance, Bank of England, Stanford University Graduate School of Business, Bocconi University - Department of Finance, Bank of England, University of British Columbia (UBC) - Sauder School of Business, ESCP Business School and Imperial College London
Downloads 2,979 (8,017)
Citation 9

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Open banking, entrepreneurship, fintech, financial innovation, data access, data rights, data portability, Big Data, financial regulation, financial sector, banks

Customer Data Access and Fintech Entry: Early Evidence From Open Banking

Bank of England Working Paper No. 1059, Stanford University Graduate School of Business Research Paper No. 4720785
Number of pages: 105 Posted: 09 Feb 2024
Columbia University - Columbia Business School, Finance, UCL Economics, Stanford University Graduate School of Business, Bocconi University - Department of Finance, Bank of England, University of British Columbia (UBC) - Sauder School of Business, ESCP Business School and Imperial College London
Downloads 49 (738,213)
Citation 1

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Open banking, entrepreneurship, fintech, financial innovation, data access, data rights, data portability, Big Data, financial regulation, financial sector, banks

Customer Data Access and Fintech Entry: Early Evidence from Open Banking

NBER Working Paper No. w32089
Number of pages: 104 Posted: 05 Feb 2024
Columbia University - Columbia Business School, Finance, UCL Economics, Stanford University Graduate School of Business, Bocconi University - Department of Finance, Bank of England, University of British Columbia (UBC) - Sauder School of Business, ESCP Business School and Imperial College London
Downloads 9 (1,107,664)
Citation 2
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7.

Gender, Race, and Entrepreneurship: A Randomized Field Experiment on Venture Capitalists and Angels

Management Science, Forthcoming
Number of pages: 74 Posted: 16 Dec 2019 Last Revised: 21 Nov 2022
Will Gornall and Ilya A. Strebulaev
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 3,031 (7,913)
Citation 15

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gender, race, entrepreneurship, angel investing, venture capital, bias, audit study, correspondence study, experiment

8.

The Contracting and Valuation of Venture Capital-Backed Companies

Forthcoming, Handbook of the Economics of Corporate Finance, Vol 1: Private Equity and Entrepreneurial Finance
Number of pages: 101 Posted: 20 Apr 2022 Last Revised: 16 Aug 2022
Will Gornall and Ilya A. Strebulaev
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 2,841 (8,765)

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Venture capital, contracting, capital structure, valuation

Financing As a Supply Chain: The Capital Structure of Banks and Borrowers

Journal of Financial Economics, Volume 129, Issue 3, September 2018, Pages 510-530
Number of pages: 64 Posted: 31 Oct 2013 Last Revised: 27 Dec 2018
Will Gornall and Ilya A. Strebulaev
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 1,851 (17,059)
Citation 8

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Banks, capital structure, seniority, diversification, supply chains, deposit insurance, bailouts, capital regulation, Basel framework

Financing as a Supply Chain: The Capital Structure of Banks and Borrowers

NBER Working Paper No. w19633
Number of pages: 55 Posted: 16 Nov 2013 Last Revised: 23 Feb 2023
Will Gornall and Ilya A. Strebulaev
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 77 (583,801)
Citation 1

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10.

Squaring Venture Capital Valuations with Reality: Online Appendix

Stanford University Graduate School of Business Research Paper No. 17-39
Number of pages: 219 Posted: 17 May 2017 Last Revised: 30 Jul 2019
Will Gornall and Ilya A. Strebulaev
University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 1,605 (21,625)

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11.

Locally-Capped Investment Products and the Retail Investor

Journal of Derivatives, Vol. 18, No. 4, pp. 72-88, 2011
Number of pages: 34 Posted: 21 May 2019 Last Revised: 12 Aug 2019
Carole Bernard, Phelim P. Boyle and Will Gornall
Grenoble Ecole de Management, Wilfrid Laurier University - School of Business & Economics and University of British Columbia (UBC) - Sauder School of Business
Downloads 1,171 (34,483)
Citation 1

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Household finance, structured products, retail investor, locally-capped contracts

12.

Do Employees Cheer for Private Equity? The Heterogeneous Effects of Buyouts on Job Quality

Number of pages: 90 Posted: 28 Aug 2021 Last Revised: 14 Feb 2022
University of British Columbia (UBC) - Sauder School of Business, Tulane University - A.B. Freeman School of Business, New York University (NYU) - Leonard N. Stern School of Business, Tsinghua University - PBC School of Finance and IZA Institute of Labor Economics
Downloads 1,064 (39,572)
Citation 7

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private equity, leveraged buyouts, job quality, employees, corporate culture, non-pecuniary amenities, implicit contracts

13.

Safe Assets and Dangerous Liabilities: How Bank-Level Frictions Explain Bank Seniority

Number of pages: 68 Posted: 19 Nov 2014 Last Revised: 29 Apr 2018
Will Gornall
University of British Columbia (UBC) - Sauder School of Business
Downloads 521 (101,508)
Citation 3

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Seniority, debt structure, banks, financial intermediaries, capital structure

14.

The Value of Privacy and the Choice of Limited Partners by Venture Capitalists

Number of pages: 64 Posted: 03 Oct 2022 Last Revised: 22 Aug 2023
Rustam Abuzov, Will Gornall and Ilya A. Strebulaev
University of Virginia - Darden School of Business, University of British Columbia (UBC) - Sauder School of Business and Stanford University - Graduate School of Business
Downloads 361 (155,481)

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limited partners, FOIA, venture capital, public pensions

15.

Fixed-Strike European Arithmetic Asian Options: A Comment

Number of pages: 11 Posted: 29 Sep 2009
Carole Bernard, Phelim P. Boyle and Will Gornall
Grenoble Ecole de Management, Wilfrid Laurier University - School of Business & Economics and University of British Columbia (UBC) - Sauder School of Business
Downloads 347 (162,343)

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Asian options, Tse and Mok formula, pricing