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

19

DOWNLOADS
Rank 4,086

SSRN RANKINGS

Top 4,086

in Total Papers Downloads

13,756

SSRN CITATIONS
Rank 3,129

SSRN RANKINGS

Top 3,129

in Total Papers Citations

303

CROSSREF CITATIONS

122

Scholarly Papers (19)

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 2,660 (7,133)
Citation 135

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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 2,215 (9,363)
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: 30 May 2021
Michael Ewens and Joan Farre-Mensa
Columbia Business School and University of Illinois at Chicago - Department of Finance
Downloads 41 (579,688)
Citation 2

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3.
Downloads 1,292 ( 22,183)
Citation 1

Measuring Intangible Capital with Market Prices

Number of pages: 63 Posted: 27 Nov 2018 Last Revised: 23 Jun 2021
Michael Ewens, Ryan H. Peters and Sean Wang
Columbia Business School, Tulane University - Finance & Economics and Southern Methodist University (SMU) - Accounting Department
Downloads 1,240 (23,208)

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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: 72 Posted: 20 Jun 2019 Last Revised: 08 Jun 2022
Michael Ewens, Ryan H. Peters and Sean Wang
Columbia Business School, Tulane University - Finance & Economics and Southern Methodist University (SMU) - Accounting Department
Downloads 52 (524,800)

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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
Columbia Business School, Imperial College Business School and Harvard Business School - Entrepreneurial Management Unit
Downloads 1,024 (30,670)
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: 04 Jul 2022
Michael Ewens, Ramana Nanda and Matthew Rhodes-Kropf
Columbia Business School, Imperial College Business School and Harvard Business School - Entrepreneurial Management Unit
Downloads 51 (529,483)
Citation 1

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5.

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 1,041 (30,413)
Citation 28

Abstract:

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

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
Columbia Business School and Boston University - Questrom School of Business
Downloads 769 (46,198)
Citation 32

Abstract:

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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
Columbia Business School, Harvard Business School - Entrepreneurial Management Unit and Stanford University - Graduate School of Business
Downloads 720 (50,442)
Citation 11

Abstract:

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venture capital, financial intermediation, hold up, entrepreneurship

8.
Downloads 611 ( 62,414)
Citation 2

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 593 (64,040)
Citation 1

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 2022
Columbia Business School, University College London - Department of Economics and School of Management and University of Southern California - Marshall School of Business
Downloads 18 (742,423)
Citation 2

Abstract:

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Regulatory Costs of Being Public: Evidence from Bunching Estimation

Number of pages: 81 Posted: 11 Feb 2021 Last Revised: 01 Feb 2022
Michael Ewens, Kairong Xiao and Ting Xu
Columbia Business School, Columbia University - Columbia Business School and University of Virginia - Darden School of Business
Downloads 508 (77,857)

Abstract:

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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 2022
Michael Ewens, Kairong Xiao and Ting Xu
Columbia Business School, Columbia University - Columbia Business School and University of Virginia - Darden School of Business
Downloads 7 (852,572)
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10.
Downloads 513 ( 78,283)
Citation 3

Board Dynamics Over the Startup Life Cycle

European Corporate Governance Institute – Finance Working Paper No. 687/2020
Number of pages: 62 Posted: 13 Jul 2020 Last Revised: 24 Jan 2022
Michael Ewens and Nadya Malenko
Columbia Business School and University of Michigan, Stephen M. Ross School of Business
Downloads 505 (79,068)
Citation 2

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 2022
Michael Ewens and Nadya Malenko
Columbia Business School and University of Michigan, Stephen M. Ross School of Business
Downloads 7 (852,572)
Citation 1

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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 University of Michigan, Stephen M. Ross School of Business
Downloads 1 (931,728)
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Allocation of control, Board Of Directors, corporate governance, Independent Directors, Mediation role, venture capital

Local Journalism under Private Equity Ownership

Number of pages: 63 Posted: 11 Oct 2021 Last Revised: 04 Feb 2022
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 359 (116,971)

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: 09 Apr 2022
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 5 (874,965)
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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
Columbia Business School, Imperial College Business School and Harvard University - Business School (HBS)
Downloads 352 (119,622)

Abstract:

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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 Last Revised: 01 Aug 2022
Michael Ewens, Ramana Nanda and Christopher Stanton
Columbia Business School, Imperial College Business School and Harvard University - Business School (HBS)
Downloads 6 (863,621)
Citation 1

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Private or Public Equity? The Evolving Entrepreneurial Finance Landscape

Annual Review of Financial Economics, Forthcoming.
Number of pages: 36 Posted: 10 Nov 2021 Last Revised: 11 Apr 2022
Michael Ewens and Joan Farre-Mensa
Columbia Business School and University of Illinois at Chicago - Department of Finance
Downloads 326 (130,029)

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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: 10 Jun 2022
Michael Ewens and Joan Farre-Mensa
Columbia Business School and University of Illinois at Chicago - Department of Finance
Downloads 16 (760,571)
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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 316 (134,309)

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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 2022
Michael Ewens and Matthew Rhodes-Kropf
Columbia Business School and Harvard Business School - Entrepreneurial Management Unit
Downloads 20 (724,971)
Citation 17

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15.

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 293 (146,177)
Citation 34

Abstract:

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discrimination, field experiment, statistical discrimination, housing markets

16.

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 Columbia Business School
Downloads 234 (182,703)
Citation 11

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venture capital, reputation, financial intermediation, entrepreneurship

17.

Venture Capitalists' Access to Finance and Its Impact on Startups

Number of pages: 78 Posted: 12 Apr 2021 Last Revised: 13 Sep 2021
Jun Chen and Michael Ewens
Renmin University of China - School of Business and Columbia Business School
Downloads 187 (225,570)

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

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 182 (229,887)
Citation 10

Abstract:

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entrepreneurship, innovation, spinoffs, venture capital

19.

Venture Capitalists’ Access to Finance and its Impact on Startups

NBER Working Paper No. w29211
Number of pages: 79 Posted: 06 Sep 2021 Last Revised: 25 Apr 2022
Jun Chen and Michael Ewens
Renmin University of China - School of Business and Columbia Business School
Downloads 8 (810,292)
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