Michael Ewens

Columbia Business School

David L. and Elsie M. Dodd Professor of Finance

665 W. 130th Street

732 Kravis Hall

New York, NY 10027

United States

http://michaelewens.com

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

20

DOWNLOADS
Rank 3,769

SSRN RANKINGS

Top 3,769

in Total Papers Downloads

18,257

SSRN CITATIONS
Rank 1,796

SSRN RANKINGS

Top 1,796

in Total Papers Citations

789

CROSSREF CITATIONS

133

Scholarly Papers (20)

1.

The Price of Diversifiable Risk in Venture Capital and Private Equity

AFA 2003 Washington, DC Meetings
Number of pages: 53 Posted: 30 Nov 2002 Last Revised: 05 Jun 2013
Columbia Business School, Columbia University and Harvard Business School - Entrepreneurial Management Unit
Downloads 2,792 (8,780)
Citation 667

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Venture Capital, Idiosyncratic Risk, Principal-agent problem, Private Equity

The Deregulation of the Private Equity Markets and the Decline in IPOs

Review of Financial Studies, Forthcoming
Number of pages: 94 Posted: 15 Aug 2017 Last Revised: 10 Feb 2020
Michael Ewens and Joan Farre-Mensa
Columbia Business School and University of Illinois at Chicago - Department of Finance
Downloads 2,491 (10,382)
Citation 17

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Deregulation, NSMIA, Initial Public Offerings (IPOs), Venture Capital, Private Equity, Founder Equity

The Deregulation of the Private Equity Markets and the Decline in Ipos

NBER Working Paper No. w26317
Number of pages: 63 Posted: 30 Sep 2019 Last Revised: 29 May 2023
Michael Ewens and Joan Farre-Mensa
Columbia Business School and University of Illinois at Chicago - Department of Finance
Downloads 84 (544,446)
Citation 2

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3.
Downloads 1,913 (16,088)
Citation 5

Measuring Intangible Capital with Market Prices

Number of pages: 63 Posted: 27 Nov 2018 Last Revised: 27 Oct 2023
Michael Ewens, Ryan H. Peters and Sean Wang
Columbia Business School, Tulane University - Finance & Economics and Southern Methodist University (SMU) - Accounting Department
Downloads 1,805 (17,372)

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Intangible capital, organization capital, depreciation, knowledge capital, R&D, acquisitions

Measuring Intangible Capital with Market Prices

NBER Working Paper No. w25960
Number of pages: 64 Posted: 20 Jun 2019 Last Revised: 08 Jun 2023
Michael Ewens, Ryan H. Peters and Sean Wang
Columbia Business School, Tulane University - Finance & Economics and Southern Methodist University (SMU) - Accounting Department
Downloads 108 (459,533)

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4.

Are Early Stage Investors Biased Against Women?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 68 Posted: 17 Apr 2017 Last Revised: 22 Nov 2018
Michael Ewens and Richard Townsend
Columbia Business School and University of California, San Diego (UCSD) - Rady School of Management
Downloads 1,283 (29,605)
Citation 28

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gender, entrepreneurship, angel investing, venture capital, Gender Gap, Bias

Cost of Experimentation and the Evolution of Venture Capital

Harvard Business School Entrepreneurial Management Working Paper No. 15-070, The Journal of Financial Economics (Forthcoming)
Number of pages: 51 Posted: 03 Nov 2015 Last Revised: 21 Mar 2017
Michael Ewens, Ramana Nanda and Matthew Rhodes-Kropf
Columbia Business School, Imperial College Business School and Harvard Business School - Entrepreneurial Management Unit
Downloads 1,098 (36,495)
Citation 35

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Innovation, Venture Capital, Investing, Abandonment Options

Cost of Experimentation and the Evolution of Venture Capital

NBER Working Paper No. w24523
Number of pages: 45 Posted: 23 Apr 2018 Last Revised: 05 Jul 2023
Michael Ewens, Ramana Nanda and Matthew Rhodes-Kropf
Columbia Business School, Imperial College Business School and Harvard Business School - Entrepreneurial Management Unit
Downloads 97 (496,056)
Citation 1

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Regulatory Costs of Being Public: Evidence from Bunching Estimation

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 93 Posted: 11 Feb 2021 Last Revised: 22 Dec 2023
Michael Ewens, Kairong Xiao and Ting Xu
Columbia Business School, Columbia University - Columbia Business School and University of Toronto, Rotman School of Management
Downloads 1,041 (39,339)

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costs of being public, bunching estimator, capital market regulation, disclosure, governance

Regulatory Costs of Being Public: Evidence from Bunching Estimation

NBER Working Paper No. w29143
Number of pages: 78 Posted: 16 Aug 2021 Last Revised: 17 Feb 2023
Michael Ewens, Kairong Xiao and Ting Xu
Columbia Business School, Columbia University - Columbia Business School and University of Toronto, Rotman School of Management
Downloads 28 (891,542)
Citation 2

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7.

Founder Replacement and Startup Performance

Review of Financial Economics, Vol. 31, No. 4, 2018
Number of pages: 51 Posted: 19 Jan 2016 Last Revised: 22 Nov 2018
Michael Ewens and Matt Marx
Columbia Business School and Cornell University, SC Johnson College of Business
Downloads 1,017 (41,310)
Citation 45

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Executive turnover, venture capital, financial intermediation, entrepreneurship

8.

Insider Financing and Venture Capital Returns

Stanford University Graduate School of Business Research Paper No. 16-45
Number of pages: 54 Posted: 09 Oct 2016 Last Revised: 04 Nov 2016
Columbia Business School, Harvard Business School - Entrepreneurial Management Unit and Stanford University - Graduate School of Business
Downloads 954 (45,209)
Citation 11

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venture capital, financial intermediation, hold up, entrepreneurship

9.
Downloads 823 (55,403)
Citation 7

Board Dynamics Over the Startup Life Cycle

European Corporate Governance Institute – Finance Working Paper No. 687/2020, Olin Business School Center for Finance & Accounting Research Paper No. Forthcoming
Number of pages: 62 Posted: 13 Jul 2020 Last Revised: 27 Mar 2024
Michael Ewens and Nadya Malenko
Columbia Business School and Boston College, Carroll School of Management
Downloads 789 (57,758)
Citation 4

Abstract:

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venture capital, board of directors, corporate governance, independent directors, mediation

Board Dynamics Over the Startup Life Cycle

NBER Working Paper No. w27769
Number of pages: 57 Posted: 14 Sep 2020 Last Revised: 18 May 2023
Michael Ewens and Nadya Malenko
Columbia Business School and Boston College, Carroll School of Management
Downloads 33 (847,250)
Citation 4

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Board Dynamics Over the Startup Life Cycle

CEPR Discussion Paper No. DP15024
Number of pages: 59 Posted: 28 Jul 2020 Last Revised: 04 Feb 2022
Michael Ewens and Nadya Malenko
Columbia Business School and Boston College, Carroll School of Management
Downloads 1 (1,157,024)
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Allocation of control, Board Of Directors, corporate governance, Independent Directors, Mediation role, venture capital

10.
Downloads 822 (55,496)
Citation 35

Venture Capital Contracts

USC Marshall School of Business Research Paper Sponsored by iORB, No. Forthcoming
Number of pages: 75 Posted: 22 Jul 2019 Last Revised: 19 Feb 2021
Columbia Business School, University College London - Department of Economics and School of Management and University of Southern California - Marshall School of Business
Downloads 786 (58,097)
Citation 2

Abstract:

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venture capital, contracts, entrepreneurship, matching, structural

Venture Capital Contracts

NBER Working Paper No. w26115
Number of pages: 52 Posted: 02 Aug 2019 Last Revised: 11 May 2023
Columbia Business School, University College London - Department of Economics and School of Management and University of Southern California - Marshall School of Business
Downloads 36 (822,368)
Citation 2

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11.
Downloads 765 (61,170)
Citation 5

Local Journalism under Private Equity Ownership

Number of pages: 85 Posted: 11 Oct 2021 Last Revised: 03 Apr 2023
Michael Ewens, Arpit Gupta and Sabrina T Howell
Columbia Business School, NYU Stern School of Business and New York University (NYU) - Leonard N. Stern School of Business
Downloads 753 (61,498)

Abstract:

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Private equity, newspapers, media, local journalism, civic engagement

Local Journalism Under Private Equity Ownership

NBER Working Paper No. w29743
Number of pages: 64 Posted: 14 Feb 2022 Last Revised: 17 May 2023
Michael Ewens, Arpit Gupta and Sabrina T. Howell
Columbia Business School, NYU Stern School of Business and New York University (NYU) - New York University
Downloads 12 (1,056,494)
Citation 5
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Private or Public Equity? The Evolving Entrepreneurial Finance Landscape

Annual Review of Financial Economics, vol. 14 (November 2022): 271-293.
Number of pages: 36 Posted: 10 Nov 2021 Last Revised: 22 Sep 2023
Michael Ewens and Joan Farre-Mensa
Columbia Business School and University of Illinois at Chicago - Department of Finance
Downloads 603 (81,826)

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Entrepreneurial finance, private equity, private firm, IPOs, venture capital, financial intermediation.

Private or Public Equity? The Evolving Entrepreneurial Finance Landscape

NBER Working Paper No. w29532
Number of pages: 36 Posted: 06 Dec 2021 Last Revised: 16 Apr 2023
Michael Ewens and Joan Farre-Mensa
Columbia Business School and University of Illinois at Chicago - Department of Finance
Downloads 20 (970,625)
Citation 3
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Founder-CEO Compensation and Selection into Venture Capital-Backed Entrepreneurship

Harvard Business School Entrepreneurial Management Working Paper No. 20-119, The Journal of Finance, Forthcoming.
Number of pages: 77 Posted: 22 May 2020 Last Revised: 13 Oct 2023
Michael Ewens, Ramana Nanda and Christopher Stanton
Columbia Business School, Imperial College Business School and Harvard University - Business School (HBS)
Downloads 525 (97,498)
Citation 1

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Entrepreneurship, venture capital, executive compensation

Founder-Ceo Compensation and Selection into Venture Capital-Backed Entrepreneurship

NBER Working Paper No. w27296
Number of pages: 76 Posted: 09 Jun 2020 Last Revised: 30 Jan 2023
Michael Ewens, Ramana Nanda and Christopher Stanton
Columbia Business School, Imperial College Business School and Harvard University - Business School (HBS)
Downloads 30 (873,558)

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Is a VC Partnership Greater than the Sum of Its Partners?

Journal of Finance, Forthcoming
Number of pages: 48 Posted: 20 Mar 2012 Last Revised: 12 Jul 2014
Michael Ewens and Matthew Rhodes-Kropf
Columbia Business School and Harvard Business School - Entrepreneurial Management Unit
Downloads 375 (145,174)

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Venture Capital, Performance Persistence, Theory of the Firm

Is a VC Partnership Greater than the Sum of its Partners?

NBER Working Paper No. w19120
Number of pages: 46 Posted: 18 Jun 2013 Last Revised: 31 Mar 2023
Michael Ewens and Matthew Rhodes-Kropf
Columbia Business School and Harvard Business School - Entrepreneurial Management Unit
Downloads 51 (713,256)
Citation 17

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15.

Venture Capital and Startup Agglomeration

Number of pages: 70 Posted: 12 Apr 2021 Last Revised: 17 Apr 2023
Jun Chen and Michael Ewens
Renmin University of China - School of Business and Columbia Business School
Downloads 339 (163,488)

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Venture capital, banking, limited partners, entrepreneurship, agglomeration, regulation

16.

Statistical Discrimination or Prejudice? A Large Sample Field Experiment

Review of Economics and Statistics, Forthcoming
Number of pages: 48 Posted: 23 Apr 2011 Last Revised: 05 Jun 2013
Michael Ewens, Bryan Tomlin and Liang Choon Wang
Columbia Business School, Loyola University of Chicago - School of Business Administration - Department of Economics and Monash University - Department of Economics
Downloads 334 (166,147)
Citation 51

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discrimination, field experiment, statistical discrimination, housing markets

17.

Managing Performance Signals Through Delay: Evidence from Venture Capital

Management Science, Forthcoming
Number of pages: 53 Posted: 11 Sep 2014 Last Revised: 21 Nov 2018
Indraneel Chakraborty and Michael Ewens
University of Miami - Department of Finance and Columbia Business School
Downloads 319 (174,521)
Citation 11

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venture capital, reputation, financial intermediation, entrepreneurship

18.

The Consequences of Entrepreneurial Firm Founding on Innovation

Number of pages: 47 Posted: 10 Jul 2013
Michael Ewens and Christian Fons-Rosen
Columbia Business School and University of California, Merced
Downloads 229 (243,881)
Citation 10

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entrepreneurship, innovation, spinoffs, venture capital

19.

Venture Capital and Startup Agglomeration

NBER Working Paper No. w29211
Number of pages: 71 Posted: 06 Sep 2021 Last Revised: 26 Apr 2023
Jun Chen and Michael Ewens
Renmin University of China - School of Business and Columbia Business School
Downloads 213 (262,265)
Citation 2

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20.

Gender and Race in Entrepreneurial Finance

NBER Working Paper No. w30444
Number of pages: 79 Posted: 12 Sep 2022 Last Revised: 14 Apr 2023
Michael Ewens
Columbia Business School
Downloads 11 (1,029,253)

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