Michael Ewens

California Institute of Technology - Division of the Humanities and Social Sciences

Associate Professor of Finance and Entrepreneurship

1200 East California Blvd.

Pasadena, CA 91125

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

15

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Top 4,614

in Total Papers Downloads

10,060

SSRN CITATIONS
Rank 3,706

SSRN RANKINGS

Top 3,706

in Total Papers Citations

225

CROSSREF CITATIONS

124

Scholarly Papers (15)

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
California Institute of Technology - Division of the Humanities and Social Sciences, Columbia Business School and Harvard Business School - Entrepreneurial Management Unit
Downloads 2,586 (5,671)
Citation 125

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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
California Institute of Technology - Division of the Humanities and Social Sciences and University of Illinois at Chicago - Department of Finance
Downloads 1,978 (8,721)
Citation 15

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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: 04 Dec 2020
Michael Ewens and Joan Farre-Mensa
California Institute of Technology - Division of the Humanities and Social Sciences and University of Illinois at Chicago - Department of Finance
Downloads 19 (621,359)
Citation 2
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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
California Institute of Technology - Division of the Humanities and Social Sciences, Harvard University - Entrepreneurial Management Unit and Harvard Business School - Entrepreneurial Management Unit
Downloads 961 (26,580)
Citation 27

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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
Michael Ewens, Ramana Nanda and Matthew Rhodes-Kropf
California Institute of Technology - Division of the Humanities and Social Sciences, Harvard University - Entrepreneurial Management Unit and Harvard Business School - Entrepreneurial Management Unit
Downloads 27 (565,077)
Citation 1

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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
California Institute of Technology - Division of the Humanities and Social Sciences and University of California, San Diego (UCSD) - Rady School of Management
Downloads 802 (34,826)
Citation 22

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

5.
Downloads 799 ( 35,075)
Citation 1

Measuring Intangible Capital with Market Prices

Number of pages: 78 Posted: 27 Nov 2018 Last Revised: 16 Nov 2020
Michael Ewens, Ryan H. Peters and Sean Wang
California Institute of Technology - Division of the Humanities and Social Sciences, Tulane University - Finance & Economics and Southern Methodist University
Downloads 778 (35,872)
Citation 1

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

Acquisition Prices and the Measurement of Intangible Capital

NBER Working Paper No. w25960
Number of pages: 64 Posted: 17 Jun 2019
Michael Ewens, Ryan H. Peters and Sean Wang
California Institute of Technology - Division of the Humanities and Social Sciences, Tulane University - Finance & Economics and Southern Methodist University
Downloads 12 (674,850)
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Measuring Intangible Capital with Market Prices

NBER Working Paper No. w25960
Number of pages: 72 Posted: 20 Jun 2019
Michael Ewens, Ryan H. Peters and Sean Wang
California Institute of Technology - Division of the Humanities and Social Sciences, Tulane University - Finance & Economics and Southern Methodist University
Downloads 9 (698,539)
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6.

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
California Institute of Technology - Division of the Humanities and Social Sciences and Boston University - Questrom School of Business
Downloads 639 (47,452)
Citation 24

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Executive turnover, venture capital, financial intermediation, entrepreneurship

7.

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
California Institute of Technology - Division of the Humanities and Social Sciences, Harvard Business School - Entrepreneurial Management Unit and Stanford University - Graduate School of Business
Downloads 558 (56,354)
Citation 11

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venture capital, financial intermediation, hold up, entrepreneurship

8.
Downloads 348 ( 99,683)
Citation 1

Venture Capital Contracts

Number of pages: 75 Posted: 22 Jul 2019 Last Revised: 20 Jan 2021
California Institute of Technology - Division of the Humanities and Social Sciences, University College London - Department of Economics and School of Management and University of Southern California - Marshall School of Business
Downloads 338 (102,345)

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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
California Institute of Technology - Division of the Humanities and Social Sciences, University College London - Department of Economics and School of Management and University of Southern California - Marshall School of Business
Downloads 10 (690,505)
Citation 1
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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
California Institute of Technology - Division of the Humanities and Social Sciences and Harvard Business School - Entrepreneurial Management Unit
Downloads 295 (118,390)

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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: 08 Oct 2014
Michael Ewens and Matthew Rhodes-Kropf
California Institute of Technology - Division of the Humanities and Social Sciences and Harvard Business School - Entrepreneurial Management Unit
Downloads 19 (621,359)
Citation 19

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10.

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
California Institute of Technology - Division of the Humanities and Social Sciences, Loyola University of Chicago - School of Business Administration - Department of Economics and Monash University - Department of Economics
Downloads 246 (143,666)
Citation 26

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discrimination, field experiment, statistical discrimination, housing markets

11.
Downloads 204 (171,759)
Citation 2

Board Dynamics Over the Startup Life Cycle

European Corporate Governance Institute – Finance Working Paper No. 687/2020
Number of pages: 60 Posted: 13 Jul 2020 Last Revised: 27 Aug 2020
Michael Ewens and Nadya Malenko
California Institute of Technology - Division of the Humanities and Social Sciences and University of Michigan, Stephen M. Ross School of Business
Downloads 198 (176,408)
Citation 3

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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: 55 Posted: 14 Sep 2020
Michael Ewens and Nadya Malenko
California Institute of Technology - Division of the Humanities and Social Sciences and University of Michigan, Stephen M. Ross School of Business
Downloads 5 (730,284)
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Board Dynamics Over the Startup Life Cycle

CEPR Discussion Paper No. DP15024
Number of pages: 57 Posted: 28 Jul 2020 Last Revised: 07 Sep 2020
Michael Ewens and Nadya Malenko
California Institute of Technology - Division of the Humanities and Social Sciences and University of Michigan, Stephen M. Ross School of Business
Downloads 1 (772,677)
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Allocation of control, Board Of Directors, corporate governance, Independent Directors, Mediation role, venture capital

12.

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 and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 188 (185,044)
Citation 9

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venture capital, reputation, financial intermediation, entrepreneurship

13.

The Consequences of Entrepreneurial Firm Founding on Innovation

Number of pages: 47 Posted: 10 Jul 2013
Michael Ewens and Christian Fons-Rosen
California Institute of Technology - Division of the Humanities and Social Sciences and Universitat Pompeu Fabra
Downloads 168 (204,085)
Citation 10

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entrepreneurship, innovation, spinoffs, venture capital

The Evolution of CEO Compensation in Venture Capital Backed Startups

Harvard Business School Entrepreneurial Management Working Paper No. 20-119
Number of pages: 66 Posted: 22 May 2020 Last Revised: 18 Aug 2020
Michael Ewens, Ramana Nanda and Christopher Stanton
California Institute of Technology - Division of the Humanities and Social Sciences, Harvard University - Entrepreneurial Management Unit and Harvard University - Business School (HBS)
Downloads 165 (207,403)

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Entrepreneurship, venture capital, executive compensation

The Evolution of CEO Compensation in Venture Capital Backed Startups

NBER Working Paper No. w27296
Number of pages: 65 Posted: 09 Jun 2020
Michael Ewens, Ramana Nanda and Christopher Stanton
California Institute of Technology - Division of the Humanities and Social Sciences, Harvard University - Entrepreneurial Management Unit and Harvard University - Business School (HBS)
Downloads 1 (772,677)
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15.

Regulatory Costs of Being Public: Evidence from Bunching Estimation

Number of pages: 68
Michael Ewens, Kairong Xiao and Ting Xu
California Institute of Technology - Division of the Humanities and Social Sciences, Columbia University - Columbia Business School and University of Virginia - Darden School of Business
Downloads 57

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