Author Page for Steven N. Kaplan

How Do Venture Capitalists Make Decisions?

Downloads 10,406 ( 356)

2

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: 10 May 2017

Paul A. Gompers, Will Gornall, Steven N. Kaplan and Ilya A. Strebulaev

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 10,310 (362)

Abstract:

How Do Venture Capitalists Make Decisions?

NBER Working Paper No. w22587

Number of pages: 64 Posted: 07 Sep 2016

Paul A. Gompers, Will Gornall, Steven N. Kaplan and Ilya A. Strebulaev

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

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Abstract:

2.

Private Equity Performance: What Do We Know?

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Citation 32

2

Private Equity Performance: What Do We Know?

Journal of Finance, Forthcoming, Fama-Miller Working Paper, Chicago Booth Research Paper No. 11-44, Darden Business School Working Paper No. 1932316

Number of pages: 43 Posted: 23 Sep 2011 Last Revised: 30 Jul 2013

Robert S. Harris, Tim Jenkinson and Steven N. Kaplan

University of Virginia - Darden School of Business, University of Oxford - Said Business School and University of Chicago - Booth School of Business

Downloads 9,338 (432)

Citation 32

Abstract:

Private Equity Performance: What Do We Know?

NBER Working Paper No. w17874

Number of pages: 51 Posted: 24 Feb 2012

Robert S. Harris, Tim Jenkinson and Steven N. Kaplan

University of Virginia - Darden School of Business, University of Oxford - Said Business School and University of Chicago - Booth School of Business

Downloads 242 (116,407)

Citation 32

Abstract:

3.

Private Equity Performance: Returns, Persistence and Capital Flows

MIT Sloan Working Paper No. 4446-03; AFA 2004 San Diego Meetings

Number of pages: 46 Posted: 04 Dec 2003

Steven N. Kaplan and Antoinette Schoar

University of Chicago - Booth School of Business and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 9,415 (431)

Citation 285

Abstract:

4.

The State of U.S. Corporate Governance: What's Right and What's Wrong?

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Citation 81

2

The State of U.S. Corporate Governance: What's Right and What's Wrong?

ECGI - Finance Working Paper No. 23/2003

Number of pages: 39 Posted: 08 Sep 2003

Bengt R. Holmström and Steven N. Kaplan

Massachusetts Institute of Technology (MIT) - Department of Economics and University of Chicago - Booth School of Business

Downloads 8,193 (543)

Citation 81

Abstract:

The State of U.S. Corporate Governance: What's Right and What's Wrong?

NBER Working Paper No. w9613

Number of pages: 35 Posted: 11 Apr 2003

Bengt R. Holmström and Steven N. Kaplan

Massachusetts Institute of Technology (MIT) - Department of Economics and University of Chicago - Booth School of Business

Downloads 181 (152,336)

Citation 81

Abstract:

5.

Leveraged Buyouts and Private Equity

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Citation 100

2

Leveraged Buyouts and Private Equity

Number of pages: 40 Posted: 03 Aug 2008 Last Revised: 14 Jan 2009

Steven N. Kaplan and Per Strömberg

University of Chicago - Booth School of Business and Swedish House of Finance

Downloads 7,767 (593)

Citation 100

Abstract:

Leveraged Buyouts and Private Equity

NBER Working Paper No. w14207

Number of pages: 41 Posted: 04 Aug 2008 Last Revised: 29 Oct 2014

Steven N. Kaplan and Per Strömberg

University of Chicago - Booth School of Business and Swedish House of Finance

Downloads 409 (63,735)

Citation 100

Abstract:

6.

Corporate Governance and Merger Activity in the U.S.: Making Sense of the 1980s and 1990s

Downloads 4,644 ( 1,486)

Citation 153

2

Corporate Governance and Merger Activity in the U.S.: Making Sense of the 1980s and 1990s

MIT Dept. of Economics Working Paper No. 01-11

Number of pages: 46 Posted: 21 Feb 2001

Bengt R. Holmström and Steven N. Kaplan

Massachusetts Institute of Technology (MIT) - Department of Economics and University of Chicago - Booth School of Business

Downloads 4,471 (1,555)

Citation 153

Abstract:

Corporate Governance and Merger Activity in the U.S.: Making Sense of the 1980s and 1990s

NBER Working Paper No. w8220

Number of pages: 47 Posted: 08 Apr 2001 Last Revised: 26 Dec 2001

Bengt R. Holmström and Steven N. Kaplan

Massachusetts Institute of Technology (MIT) - Department of Economics and University of Chicago - Booth School of Business

Downloads 173 (158,687)

Citation 153

Abstract:

7.

What Do Private Equity Firms Say They Do?

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3

What Do Private Equity Firms Say They Do?

Harvard Business School Finance Working Paper No. 15-081, Harvard Business School Entrepreneurial Management Working Paper No. 15-081

Number of pages: 66 Posted: 01 May 2015

Paul A. Gompers, Steven N. Kaplan and Vladimir Mukharlyamov

Harvard Business School - Finance Unit, University of Chicago - Booth School of Business and Georgetown University - McDonough School of Business

Downloads 2,291 (4,993)

Abstract:

What Do Private Equity Firms Say They Do?

Journal of Financial Economics (JFE), Vol. 121, No. 3, 2016

Number of pages: 72 Posted: 11 Jun 2014 Last Revised: 10 May 2017

Paul A. Gompers, Steven N. Kaplan and Vladimir Mukharlyamov

Harvard Business School - Finance Unit, University of Chicago - Booth School of Business and Georgetown University - McDonough School of Business

Downloads 2,239 (5,199)

Abstract:

What Do Private Equity Firms Say They Do?

NBER Working Paper No. w21133

Number of pages: 65 Posted: 04 May 2015 Last Revised: 30 May 2015

Paul A. Gompers, Steven N. Kaplan and Vladimir Mukharlyamov

Harvard Business School - Finance Unit, University of Chicago - Booth School of Business and Georgetown University - McDonough School of Business

Downloads 22 (486,368)

Abstract:

8.

Which CEO Characteristics and Abilities Matter?

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Citation 67

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Which CEO Characteristics and Abilities Matter?

Swedish Institute for Financial Research Conference on the Economics of the Private Equity Market, AFA 2008 New Orleans Meetings Paper

Number of pages: 49 Posted: 20 Mar 2007 Last Revised: 13 Jan 2015

Steven N. Kaplan, Mark M. Klebanov and Morten Sorensen

University of Chicago - Booth School of Business, University of Chicago - Graduate School of Business (GSB) and Copenhagen Business School

Downloads 4,192 (1,744)

Citation 67

Abstract:

Which CEO Characteristics and Abilities Matter?

NBER Working Paper No. w14195

Number of pages: 55 Posted: 04 Aug 2008

Steven N. Kaplan, Mark M. Klebanov and Morten Sorensen

University of Chicago - Booth School of Business, University of Chicago - Graduate School of Business (GSB) and Copenhagen Business School

Downloads 183 (150,796)

Citation 67

Abstract:

9.

Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts

Downloads 3,994 ( 1,934)

Citation 360

2

Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts

CRSP Working Paper No. 513

Number of pages: 74 Posted: 26 Apr 2000

Steven N. Kaplan and Per Strömberg

University of Chicago - Booth School of Business and Swedish House of Finance

Downloads 3,790 (2,080)

Citation 360

Abstract:

Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts

NBER Working Paper No. w7660

Number of pages: 74 Posted: 16 May 2000 Last Revised: 22 Dec 2013

Steven N. Kaplan and Per Strömberg

University of Chicago - Booth School of Business and Swedish House of Finance

Downloads 204 (136,135)

Citation 360

Abstract:

10.

Are CEOs Different? Characteristics of Top Managers

Downloads 3,876 ( 2,046)

2

Are CEOs Different? Characteristics of Top Managers

Columbia Business School Research Paper No. 16-27, Paris December 2016 Finance Meeting EUROFIDAI - AFFI

Number of pages: 54 Posted: 15 Mar 2016 Last Revised: 10 Aug 2017

Steven N. Kaplan and Morten Sorensen

University of Chicago - Booth School of Business and Copenhagen Business School

Downloads 3,850 (2,032)

Abstract:

Are CEOS Different? Characteristics of Top Managers

NBER Working Paper No. w23832

Number of pages: 55 Posted: 18 Sep 2017 Last Revised: 27 Sep 2017

Steven N. Kaplan and Morten Sorensen

University of Chicago - Booth School of Business and Copenhagen Business School

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Abstract:

11.

How Do Private Equity Investments Perform Compared to Public Equity?

Darden Business School Working Paper No. 2597259

Number of pages: 37 Posted: 23 Apr 2015 Last Revised: 19 Jun 2015

Robert S. Harris, Tim Jenkinson and Steven N. Kaplan

University of Virginia - Darden School of Business, University of Oxford - Said Business School and University of Chicago - Booth School of Business

Downloads 3,739 (2,199)

Abstract:

12.

Executive Compensation and Corporate Governance in the U.S.: Perceptions, Facts and Challenges

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Citation 6

2

Executive Compensation and Corporate Governance in the U.S.: Perceptions, Facts and Challenges

Chicago Booth Research Paper No. 12-42, Fama-Miller Working Paper

Number of pages: 50 Posted: 29 Aug 2012 Last Revised: 26 Sep 2012

Steven N. Kaplan

University of Chicago - Booth School of Business

Downloads 3,449 (2,466)

Citation 6

Abstract:

Executive Compensation and Corporate Governance in the U.S.: Perceptions, Facts and Challenges

NBER Working Paper No. w18395

Number of pages: 51 Posted: 15 Sep 2012

Steven N. Kaplan

University of Chicago - Booth School of Business

Downloads 26 (463,092)

Citation 6

Abstract:

13.

Wall Street and Main Street: What Contributes to the Rise in the Highest Incomes?

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Citation 71

2

Wall Street and Main Street: What Contributes to the Rise in the Highest Incomes?

CRSP Working Paper No. 615, AFA 2008 New Orleans Meetings Paper

Number of pages: 67 Posted: 20 Sep 2006

Joshua D. Rauh and Steven N. Kaplan

Stanford Graduate School of Business and University of Chicago - Booth School of Business

Downloads 3,061 (3,057)

Citation 71

Abstract:

Wall Street and Main Street: What Contributes to the Rise in the Highest Incomes?

NBER Working Paper No. w13270

Number of pages: 68 Posted: 23 Jul 2007 Last Revised: 05 Oct 2007

Joshua D. Rauh and Steven N. Kaplan

Stanford Graduate School of Business and University of Chicago - Booth School of Business

Downloads 66 (316,731)

Citation 71

Abstract:

14.

Has Persistence Persisted in Private Equity? Evidence from Buyout and Venture Capital Funds

Darden Business School Working Paper No. 2304808, Fama-Miller Working Paper

Number of pages: 38 Posted: 02 Aug 2013 Last Revised: 30 Aug 2014

Robert S. Harris, Tim Jenkinson, Steven N. Kaplan and Rüdiger Stucke

University of Virginia - Darden School of Business, University of Oxford - Said Business School, University of Chicago - Booth School of Business and University of Oxford - Said Business School

Downloads 3,101 (3,068)

Citation 2

Abstract:

15.

Should Investors Bet on the Jockey or the Horse? Evidence from the Evolution of Firms from Early Business Plans to Public Companies

Downloads 2,463 ( 4,498)

Citation 47

2

Should Investors Bet on the Jockey or the Horse? Evidence from the Evolution of Firms from Early Business Plans to Public Companies

CRSP Working Paper No. 603

Number of pages: 48 Posted: 16 Feb 2005

Steven N. Kaplan, Berk A. Sensoy and Per Strömberg

University of Chicago - Booth School of Business, Vanderbilt University - Finance and Swedish House of Finance

Downloads 1,886 (6,940)

Citation 47

Abstract:

What are Firms? Evolution from Early Business Plans to Public Companies

Number of pages: 53 Posted: 14 Apr 2006

Steven N. Kaplan, Berk A. Sensoy and Per Strömberg

University of Chicago - Booth School of Business, Vanderbilt University - Finance and Swedish House of Finance

Downloads 577 (41,274)

Citation 47

Abstract:

16.

A Clinical Exploration of Value Creation and Destruction in Acquisitions: Organization Design, Incentives, and Internal Capital Markets

Center for Research in Security Prices (CRSP) Working Paper No. 450

Number of pages: 55 Posted: 11 Aug 1997

Steven N. Kaplan, Mark L. Mitchell and Karen H. Wruck

University of Chicago - Booth School of Business, AQR Capital Management, LLC and Ohio State University - Fisher College of Business, Department of Finance

Downloads 1,989 (6,433)

Citation 16

Abstract:

17.

CEO Personality and Firm Policies

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CEO Personality and Firm Policies

6th Miami Behavioral Finance Conference, Stanford University Graduate School of Business Research Paper No. 16-34, Chicago Booth Research Paper No. 16-13, Fama-Miller Working Paper, Rock Center for Corporate Governance at Stanford University Working Paper No. 220

Number of pages: 62 Posted: 08 Jul 2016 Last Revised: 10 Aug 2016

Ian D. Gow, Steven N. Kaplan, David F. Larcker and Anastasia A. Zakolyukina

The University of Melbourne, University of Chicago - Booth School of Business, Stanford University - Graduate School of Business and University of Chicago - Booth School of Business

Downloads 1,816 (7,477)

Abstract:

CEO Personality and Firm Policies

NBER Working Paper No. w22435

Number of pages: 61 Posted: 25 Jul 2016

Ian D. Gow, Steven N. Kaplan, David F. Larcker and Anastasia Zakolyukina

The University of Melbourne, University of Chicago - Booth School of Business, Stanford University - Graduate School of Business and University of Chicago

Downloads 41 (395,629)

Abstract:

18.

Do Private Equity Funds Manipulate Reported Returns?

Journal of Financial Economics (JFE), Forthcoming, Fama-Miller Working Paper

Number of pages: 74 Posted: 30 May 2013 Last Revised: 07 Jul 2017

Gregory W. Brown, Oleg Gredil and Steven N. Kaplan

University of North Carolina (UNC) at Chapel Hill - Finance Area, University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School and University of Chicago - Booth School of Business

Downloads 1,819 (7,593)

Citation 4

Abstract:

19.

Characteristics, Contracts and Actions: Evidence from Venture Capitalist Analyses

Downloads 1,752 ( 8,046)

Citation 179

4

Characteristics, Contracts and Actions: Evidence from Venture Capitalist Analyses

CRSP Working Paper No. 536

Number of pages: 52 Posted: 15 Jan 2002

Steven N. Kaplan and Per Strömberg

University of Chicago - Booth School of Business and Swedish House of Finance

Downloads 1,214 (14,186)

Citation 179

Abstract:

Characteristics, Contracts, and Actions: Evidence from Venture Capitalist Analyses

AFA 2002 Atlanta Meetings

Number of pages: 51 Posted: 28 Dec 2001

Per Strömberg and Steven N. Kaplan

Swedish House of Finance and University of Chicago - Booth School of Business

Downloads 425 (61,031)

Citation 179

Abstract:

Characteristics, Contracts, and Actions: Evidence from Venture Capitalist Analyses

NBER Working Paper No. w8764

Number of pages: 52 Posted: 07 Feb 2002 Last Revised: 22 May 2002

Steven N. Kaplan and Per Strömberg

University of Chicago - Booth School of Business and Swedish House of Finance

Downloads 82 (279,138)

Citation 179

Abstract:

Characteristics, Contracts and Actions: Evidence from Venture Capitalist Analyses

CEPR Discussion Paper No. 3243

Number of pages: 54 Posted: 04 Apr 2002

Steven N. Kaplan and Per Strömberg

University of Chicago - Booth School of Business and Swedish House of Finance

Downloads 31 (437,485)

Citation 179

Add to Cart

Abstract:

20.

Private Equity Performance: A Survey

Downloads 1,588 ( 9,522)

2

Private Equity Performance: A Survey

Charles A. Dice Center Working Paper No. 2015-10 , Fisher College of Business Working Paper No. 2015-03-10

Number of pages: 34 Posted: 08 Jul 2015 Last Revised: 15 Aug 2015

Steven N. Kaplan and Berk A. Sensoy

University of Chicago - Booth School of Business and Vanderbilt University - Finance

Downloads 1,588 (9,346)

Abstract:

Private Equity Performance: A Survey

Annual Review of Financial Economics, Vol. 7, pp. 597-614, 2015

Posted: 11 Dec 2015

Steven N. Kaplan and Berk A. Sensoy

University of Chicago - Booth School of Business and Vanderbilt University - Finance

Abstract:

21.

How Costly is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed

Number of pages: 58 Posted: 21 Apr 1997

Steven N. Kaplan and Gregor Andrade

University of Chicago - Booth School of Business and Harvard Business School - Finance Unit

Downloads 1,261 (13,666)

Citation 228

Abstract:

22.

Effects of Lbos on Tax Revenues of the U.S. Treasury

Tax Notes, Vol. 42, No. 6, 1989

Number of pages: 18 Posted: 16 Aug 2000

Michael C. Jensen, Steven N. Kaplan and Laura Stiglin

Harvard Business School, University of Chicago - Booth School of Business and Econalytics

Downloads 1,257 (13,724)

Citation 6

Abstract:

23.

Financial Intermediation in Private Equity: How Well Do Funds of Funds Perform?

Downloads 1,181 ( 15,153)

2

Financial Intermediation in Private Equity: How Well Do Funds of Funds Perform?

Darden Business School Working Paper No. 2620582

Number of pages: 55 Posted: 20 Jun 2015 Last Revised: 13 May 2017

Robert S. Harris, Tim Jenkinson, Steven N. Kaplan and Rüdiger Stucke

University of Virginia - Darden School of Business, University of Oxford - Said Business School, University of Chicago - Booth School of Business and University of Oxford - Said Business School

Downloads 1,143 (15,681)

Abstract:

Financial Intermediation in Private Equity: How Well Do Funds of Funds Perform?

NBER Working Paper No. w23428

Number of pages: 50 Posted: 24 May 2017

Robert S. Harris, Tim Jenkinson, Steven N. Kaplan and Ruediger Stucke

University of Virginia - Darden School of Business, University of Oxford - Said Business School, University of Chicago - Booth School of Business and Warburg Pincus LLC

Downloads 38 (407,237)

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Abstract:

24.

What is the Price of Hubris? Using Takeover Battles to Infer Overpayments and Synergies

Downloads 1,152 ( 15,753)

Citation 47

3

What is the Price of Hubris? Using Takeover Battles to Infer Overpayments and Synergies

AFA 2001 New Orleans Meetings

Number of pages: 54 Posted: 16 Sep 2000

Pekka Hietala, Steven N. Kaplan and David T. Robinson

INSEAD - Finance, University of Chicago - Booth School of Business and Fuqua School of Business, Duke University

Downloads 1,073 (17,179)

Citation 47

Abstract:

What is the Price of Hubris? Using Takeover Battles to Infer Overpayments and Synergies

NBER Working Paper No. w9264

Number of pages: 44 Posted: 11 Oct 2002 Last Revised: 17 Oct 2002

Pekka Hietala, Steven N. Kaplan and David T. Robinson

INSEAD - Finance, University of Chicago - Booth School of Business and Fuqua School of Business, Duke University

Downloads 58 (338,815)

Citation 47

Abstract:

What is the Price of Hubris? Using Takeover Battles to Infer Overpayments and Synergies

Financial Management, Vol. 32, No. 3, 2003

Number of pages: 28 Posted: 10 Jan 2005

Pekka Hietala, Steven N. Kaplan and David T. Robinson

INSEAD - Finance, University of Chicago - Booth School of Business and Fuqua School of Business, Duke University

Downloads 21 (492,342)

Citation 47

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Abstract:

25.

The Effects of Business-to-Business E-Commerce on Transaction Costs

Downloads 914 ( 22,252)

Citation 18

2

The Effects of Business-to-Business E-Commerce on Transaction Costs

Number of pages: 28 Posted: 10 Dec 2000

Luis Garicano and Steven N. Kaplan

IE Business School and University of Chicago - Booth School of Business

Downloads 679 (33,202)

Citation 18

Abstract:

The Effects of Business-to-Business E-Commerce on Transaction Costs

NBER Working Paper No. w8017

Number of pages: 53 Posted: 24 Nov 2000 Last Revised: 06 Sep 2002

Luis Garicano and Steven N. Kaplan

IE Business School and University of Chicago - Booth School of Business

Downloads 235 (118,454)

Citation 18

Abstract:

26.

Berg Electronics Corporation

Number of pages: 16 Posted: 30 Jan 2001

Steven N. Kaplan, John D. Martin and Robert Parrino

University of Chicago - Booth School of Business, Baylor University - Department of Finance, Insurance & Real Estate and University of Texas at Austin - Department of Finance

Downloads 833 (25,488)

Abstract:

27.

The Effects of Stock Lending on Security Prices: An Experiment

Downloads 831 ( 25,531)

Citation 7

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The Effects of Stock Lending on Security Prices: An Experiment

Journal of Finance, Forthcoming, Chicago Booth Research Paper No. 09-39, Chicago Booth Initiative on Global Markets Working Paper No. 42, Fisher College of Business Working Paper No. 2009-03-020, Charles A. Dice Center Working Paper No. 2009-20, AFA 2011 Meetings Paper

Number of pages: 73 Posted: 22 Oct 2009 Last Revised: 30 Apr 2013

Steven N. Kaplan, Tobias J. Moskowitz and Berk A. Sensoy

University of Chicago - Booth School of Business, Yale University, Yale SOM and Vanderbilt University - Finance

Downloads 783 (27,318)

Citation 7

Abstract:

The Effects of Stock Lending on Security Prices: an Experiment

NBER Working Paper No. w16335

Number of pages: 58 Posted: 07 Sep 2010

Steven N. Kaplan, Tobias J. Moskowitz and Berk A. Sensoy

University of Chicago - Booth School of Business, Yale University, Yale SOM and Vanderbilt University - Finance

Downloads 48 (370,523)

Citation 7

Abstract:

28.

How Well Do Venture Capital Databases Reflect Actual Investments?

Number of pages: 30 Posted: 22 Oct 2006

Steven N. Kaplan, Per Strömberg and Berk A. Sensoy

University of Chicago - Booth School of Business, Swedish House of Finance and Vanderbilt University - Finance

Downloads 803 (26,817)

Citation 47

Abstract:

29.

What Do Different Commercial Data Sets Tell Us About Private Equity Performance?

Downloads 696 ( 32,933)

2

What Do Different Commercial Data Sets Tell Us About Private Equity Performance?

Number of pages: 67 Posted: 14 Dec 2015

Gregory W. Brown, Robert S. Harris, Tim Jenkinson, Steven N. Kaplan and David T. Robinson

University of North Carolina (UNC) at Chapel Hill - Finance Area, University of Virginia - Darden School of Business, University of Oxford - Said Business School, University of Chicago - Booth School of Business and Fuqua School of Business, Duke University

Downloads 618 (38,115)

Abstract:

What Do Different Commercial Data Sets Tell Us About Private Equity Performance?

Number of pages: 67 Posted: 14 Dec 2015

Gregory W. Brown, Robert S. Harris, Tim Jenkinson, Steven N. Kaplan and David T. Robinson

University of North Carolina (UNC) at Chapel Hill - Finance Area, University of Virginia - Darden School of Business, University of Oxford - Said Business School, University of Chicago - Booth School of Business and Fuqua School of Business, Duke University

Downloads 78 (287,753)

Abstract:

30.

How Do Legal Differences and Learning Affect Financial Contracts?

Downloads 615 ( 38,440)

Citation 56

3

How Do Legal Differences and Learning Affect Financial Contracts?

Number of pages: 43 Posted: 21 Jun 2004

Steven N. Kaplan, Per Strömberg and Frederic Martel

University of Chicago - Booth School of Business, Swedish House of Finance and UBS Global Asset Management

Downloads 522 (46,972)

Citation 56

Abstract:

How Do Legal Differences and Learning Affect Financial Contracts?

NBER Working Paper No. w10097

Number of pages: 38 Posted: 17 Nov 2003 Last Revised: 30 Oct 2014

Steven N. Kaplan, Frederic Martel and Per Strömberg

University of Chicago - Booth School of Business, UBS Global Asset Management and Swedish House of Finance

Downloads 62 (327,504)

Citation 56

Abstract:

How Do Legal Differences and Learning Affect Financial Contracts?

CEPR Discussion Paper No. 4161

Number of pages: 40 Posted: 12 Jan 2004

Steven N. Kaplan, Frederic Martel and Per Strömberg

University of Chicago - Booth School of Business, UBS Global Asset Management and Swedish House of Finance

Downloads 31 (437,485)

Citation 56

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Abstract:

31.

Investment-Cash Flow Sensitivities are Not Valid Measures of Financing Constraints

NBER Working Paper No. w7659

Number of pages: 7 Posted: 17 May 2000 Last Revised: 02 Apr 2001

Steven N. Kaplan and Luigi Zingales

University of Chicago - Booth School of Business and University of Chicago - Booth School of Business

Downloads 413 (63,594)

Citation 179

Abstract:

32.

Are U.S. Companies Too Short-Term Oriented? Some Thoughts

Downloads 393 ( 68,076)

2

Are U.S. Companies Too Short-Term Oriented? Some Thoughts

Number of pages: 23 Posted: 23 May 2017

Steven N. Kaplan

University of Chicago - Booth School of Business

Downloads 369 (72,756)

Abstract:

Are U.S. Companies Too Short-Term Oriented? Some Thoughts

NBER Working Paper No. w23464

Number of pages: 24 Posted: 05 Jun 2017

Steven N. Kaplan

University of Chicago - Booth School of Business

Downloads 24 (474,619)

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Abstract:

33.

Do Financing Constraints Explain Why Investment is Correlated with Cash Flow?

NBER Working Paper No. w5267

Number of pages: 48 Posted: 11 Aug 2000 Last Revised: 19 Mar 2008

Steven N. Kaplan and Luigi Zingales

University of Chicago - Booth School of Business and University of Chicago - Booth School of Business

Downloads 322 (85,315)

Citation 125

Abstract:

34.

Private Equity Performance: Returns, Persistence and Capital

NBER Working Paper No. w9807

Number of pages: 43 Posted: 29 Jun 2003 Last Revised: 30 Oct 2014

Steven N. Kaplan and Antoinette Schoar

University of Chicago - Booth School of Business and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 320 (85,913)

Citation 281

Abstract:

35.

The Valuation of Cash Flow Forecasts: An Empirical Analysis

Downloads 295 ( 93,706)

3

The Valuation of Cash Flow Forecasts: An Empirical Analysis

NBER Working Paper No. w4724

Number of pages: 44 Posted: 11 Jun 2000

Steven N. Kaplan and Richard S. Ruback

University of Chicago - Booth School of Business and Harvard Business School

Downloads 295 (93,210)

Citation 112

Abstract:

The Valuation of Cash Flow Forecasts: An Empirical Analysis

Posted: 08 Aug 1994

Steven N. Kaplan and Richard S. Ruback

University of Chicago - Booth School of Business and Harvard Business School

Abstract:

The Valuation of Cash Flow Forecasts: An Empirical Analysis

JOURNAL OF FINANCE, Vol 50 No 4, September 1995

Posted: 18 Aug 1995

Steven N. Kaplan and Richard S. Ruback

University of Chicago - Booth School of Business and Harvard Business School

Abstract:

36.

The Evolution of Buyout Pricing and Financial Structure

NBER Working Paper No. w3695

Number of pages: 51 Posted: 09 Jul 2004 Last Revised: 11 Aug 2010

Steven N. Kaplan and Jeremy C. Stein

University of Chicago - Booth School of Business and Harvard University - Department of Economics

Downloads 260 (107,239)

Citation 104

Abstract:

37.

How Has CEO Turnover Changed? Increasingly Performance Sensitive Boards and Increasingly Uneasy CEOS

NBER Working Paper No. w12465

Number of pages: 35 Posted: 21 Aug 2006 Last Revised: 25 Jul 2010

Steven N. Kaplan and Bernadette A. Minton

University of Chicago - Booth School of Business and Ohio State University (OSU) - Department of Finance

Downloads 226 (123,673)

Citation 62

Abstract:

38.

The Success of Acquisitions: Evidence from Disvestitures

NBER Working Paper No. w3484

Number of pages: 39 Posted: 05 Jul 2004 Last Revised: 14 Jul 2010

Steven N. Kaplan and Michael S. Weisbach

University of Chicago - Booth School of Business and Ohio State University (OSU) - Department of Finance

Downloads 220 (126,980)

Citation 126

Abstract:

39.

How Costly is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed

Downloads 185 (149,398)

2

How Costly is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed

NBER Working Paper No. w6145

Number of pages: 62 Posted: 06 Sep 2000

Gregor Andrade and Steven N. Kaplan

Harvard Business School - Finance Unit and University of Chicago - Booth School of Business

Downloads 185 (149,320)

Citation 230

Abstract:

How Costly is Financial (Not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed

Posted: 23 May 1998

Gregor Andrade and Steven N. Kaplan

Harvard Business School - Finance Unit and University of Chicago - Booth School of Business

Abstract:

40.

Venture Capitalists as Principals: Contracting, Screening, and Monitoring

NBER Working Paper No. w8202

Number of pages: 14 Posted: 31 Mar 2001 Last Revised: 11 Feb 2010

Steven N. Kaplan and Per Strömberg

University of Chicago - Booth School of Business and Swedish House of Finance

Downloads 181 (152,370)

Citation 88

Abstract:

41.

The Staying Power of Leveraged Buyouts

NBER Working Paper No. w3653

Number of pages: 37 Posted: 14 Jan 2001 Last Revised: 27 Jun 2010

Steven N. Kaplan

University of Chicago - Booth School of Business

Downloads 145 (184,375)

Citation 56

Abstract:

42.

What are Firms? Evolution from Birth to Public Companies

Downloads 136 (194,194)

Citation 13

2

What are Firms? Evolution from Birth to Public Companies

NBER Working Paper No. w11581

Number of pages: 57 Posted: 19 Oct 2005 Last Revised: 30 Oct 2014

Steven N. Kaplan, Berk A. Sensoy and Per Strömberg

University of Chicago - Booth School of Business, Vanderbilt University - Finance and Swedish House of Finance

Downloads 110 (229,295)

Citation 12

Abstract:

What are Firms? Evolution from Birth to Public Companies

CEPR Discussion Paper No. 5224

Number of pages: 59 Posted: 24 Oct 2005

Steven N. Kaplan, Per Strömberg and Berk A. Sensoy

University of Chicago - Booth School of Business, Swedish House of Finance and Vanderbilt University - Finance

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Citation 13

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Abstract:

43.

Top Executive Rewards and Firm Performance: A Comparison of Japan and the U.S

Downloads 124 (208,821)

Citation 174

2

Top Executive Rewards and Firm Performance: A Comparison of Japan and the U.S

NBER Working Paper No. w4065

Number of pages: 64 Posted: 27 Apr 2000 Last Revised: 12 Aug 2010

Steven N. Kaplan

University of Chicago - Booth School of Business

Downloads 124 (209,628)

Citation 174

Abstract:

Top Executive Rewards and Firm Performance: A Comparison of Japan and the U.S

Posted: 24 Oct 1999

Steven N. Kaplan

University of Chicago - Booth School of Business

Abstract:

44.

A Clinical Exploration of Value Creation and Destruction in Acquisitions: Organizational Design, Incentives, and Internal Capital Markets

NBER Working Paper No. w5999

Number of pages: 65 Posted: 07 Jul 2000

Steven N. Kaplan, Mark L. Mitchell and Karen H. Wruck

University of Chicago - Booth School of Business, AQR Capital Management, LLC and Ohio State University - Fisher College of Business, Department of Finance

Downloads 93 (255,791)

Citation 16

Abstract:

45.

How Risky is the Debt in Highly Leveraged Transactions? Evidence from Public Recapitalizations

NBER Working Paper No. w3390

Number of pages: 40 Posted: 11 Apr 2011

Steven N. Kaplan and Jeremy C. Stein

University of Chicago - Booth School of Business and Harvard University - Department of Economics

Downloads 56 (339,700)

Abstract:

46.

Top Executives, Turnover and Firm Performance in Germany

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Citation 80

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Top Executives, Turnover and Firm Performance in Germany

NBER Working Paper No. w4416

Number of pages: 24 Posted: 08 Aug 2007 Last Revised: 28 Jul 2010

Steven N. Kaplan

University of Chicago - Booth School of Business

Downloads 52 (357,437)

Citation 80

Abstract:

Top Executives, Turnover, and Firm Performance in Germany

Journal of Law, Economics, & Organization: Volume 10 Number 1, April 1994.

Posted: 03 May 2000

Steven N. Kaplan

University of Chicago - Booth School of Business

Abstract:

47.

Venture Capital Data: Opportunities and Challenges

NBER Working Paper No. w22500

Number of pages: 26 Posted: 16 Aug 2016

Steven N. Kaplan and Josh Lerner

University of Chicago - Booth School of Business and Harvard Business School - Finance Unit

Downloads 43 (380,739)

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Abstract:

48.

The Holding Period Distinction of the Capital Gains Tax

NBER Working Paper No. w0762

Number of pages: 34 Posted: 19 Aug 2004 Last Revised: 03 Aug 2010

Steven N. Kaplan

University of Chicago - Booth School of Business

Downloads 28 (440,417)

Citation 4

Abstract:

49.

'Outside' Intervention in Japanese Companies: its Determinants and Implications for Mangers

NBER Working Paper No. w4276

Number of pages: 40 Posted: 27 Dec 2006 Last Revised: 13 Sep 2010

Steven N. Kaplan and Bernadette A. Minton

University of Chicago - Booth School of Business and University of Chicago - Booth School of Business - Economics

Downloads 22 (471,181)

Citation 5

Abstract:

50.

Do Private Equity Funds Manipulate Reported Returns?

NBER Working Paper No. w22493

Number of pages: 70 Posted: 08 Aug 2016

Gregory W. Brown, Oleg Gredil and Steven N. Kaplan

University of North Carolina (UNC) at Chapel Hill - Finance Area, University of North Carolina (UNC) at Chapel Hill - Kenan-Flagler Business School and University of Chicago - Booth School of Business

Downloads 17 (498,310)

Citation 4

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Abstract:

51.

It Ain't Broke: The Past, Present, and Future of Venture Capital

Journal of Applied Corporate Finance, Vol. 22, No. 2, pp. 36-47, Spring 2010

Number of pages: 14 Posted: 28 Jul 2010

Steven N. Kaplan and Josh Lerner

University of Chicago - Booth School of Business and Harvard Business School - Finance Unit

Downloads 9 (541,672)

Citation 15

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Abstract:

52.

Morgan Stanley Roundtable on the State of Global Private Equity

Journal of Applied Corporate Finance, Vol. 23, Issue 4, pp. 8-33, 2011

Number of pages: 28 Posted: 22 Dec 2011

Alan Jones, Steven N. Kaplan, Carl Ferenbach, Mike Bingle, Marc Lipschultz and Phil Canfield

affiliation not provided to SSRN, University of Chicago - Booth School of Business, affiliation not provided to SSRN, affiliation not provided to SSRN, affiliation not provided to SSRN and affiliation not provided to SSRN

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Abstract:

53.

CEO Pay and Corporate Governance in the U.S.: Perceptions, Facts, and Challenges

Journal of Applied Corporate Finance, Vol. 25, Issue 2, pp. 8-25, 2013

Number of pages: 20 Posted: 13 Sep 2013

Steven N. Kaplan

University of Chicago - Booth School of Business

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Abstract:

54.

How Has CEO Turnover Changed?

International Review of Finance, Vol. 12, Issue 1, pp. 57-87, 2012

Number of pages: 31 Posted: 31 Mar 2012

Steven N. Kaplan and Bernadette A. Minton

University of Chicago - Booth School of Business and Ohio State University (OSU) - Department of Finance

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Citation 90

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Abstract:

55.

Do Mutual Funds Time Their Benchmarks?

Posted: 14 Mar 2006

Steven N. Kaplan and Berk A. Sensoy

University of Chicago - Booth School of Business and Vanderbilt University - Finance

Abstract:

56.

Appointments of Outsiders to Japanese Boards: Determinants and Implications for Managers

Posted: 10 Aug 1999

Steven N. Kaplan and Bernadette A. Minton

University of Chicago - Booth School of Business and Ohio State University (OSU) - Department of Finance

Abstract:

57.

Do Investment-Cashflow Sensitivities Provide Useful Measures of Financing Constraints?

Posted: 25 Jun 1998

Steven N. Kaplan and Luigi Zingales

University of Chicago - Booth School of Business and University of Chicago - Booth School of Business

Abstract:

58.

Those Japanese Firms with Their Disdain for Shareholders: Another Fable for the Academy

Washington University Law Quarterly, Vol. 74, Issue 2 (1996).

Posted: 19 May 1998

Steven N. Kaplan and J. Mark Ramseyer

University of Chicago - Booth School of Business and Harvard Law School

Abstract:

59.

Entrepreneurial Finance and Private Equity: Course Description and Course Syllabus

Posted: 22 Sep 1997

Steven N. Kaplan

University of Chicago - Booth School of Business

Abstract:

60.

Do Investment Cash-Flow Sensitivities Provide Useful Measures of Financing Constraints?

QUARTERLY J. OF ECONOMICS, Vol. 112 No. 1, February 1997

Posted: 21 Jul 1997

Steven N. Kaplan and Luigi Zingales

University of Chicago - Booth School of Business and University of Chicago - Booth School of Business

Abstract:

61.

The Value-Maximizing Board

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The Value-Maximizing Board

Posted: 09 Jun 1997

Robert H. Gertner and Steven N. Kaplan

University of Chicago - Finance and University of Chicago - Booth School of Business

Abstract:

The Value Maximizing Board

Posted: 20 Sep 1998

Robert H. Gertner and Steven N. Kaplan

University of Chicago - Finance and University of Chicago - Booth School of Business

Abstract:

62.

Paramount Communications, Inc. - 1994

CASENET, SOUTH-WESTERN COLLEGE PUBLISHING

Posted: 26 Mar 1997

Steven N. Kaplan

University of Chicago - Booth School of Business

Abstract:

63.

Paramount Communications Inc. - 1993

CASENET, SOUTH-WESTERN COLLEGE PUBLISHING

Posted: 29 Aug 1996

Steven N. Kaplan

University of Chicago - Booth School of Business

Steven N. Kaplan

University of Chicago - Booth School of Business

Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance

National Bureau of Economic Research (NBER)

63

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Scholarly Papers (63)

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Characteristics, Contracts and Actions: Evidence from Venture Capitalist Analyses

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Financial Intermediation in Private Equity: How Well Do Funds of Funds Perform?

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What is the Price of Hubris? Using Takeover Battles to Infer Overpayments and Synergies

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How Do Legal Differences and Learning Affect Financial Contracts?

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