Steven N. Kaplan

University of Chicago - Booth School of Business

Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance

5807 S. Woodlawn Avenue

Chicago, IL 60637

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

European Corporate Governance Institute (ECGI)

c/o the Royal Academies of Belgium

Rue Ducale 1 Hertogsstraat

1000 Brussels

Belgium

University of Chicago - Polsky Center for Entrepreneurship

Neubauer Family Professor of Entrepreneurship and Finance; Faculty Director

Chicago, IL 60637

United States

SCHOLARLY PAPERS

70

DOWNLOADS
Rank 56

SSRN RANKINGS

Top 56

in Total Papers Downloads

137,299

SSRN CITATIONS
Rank 86

SSRN RANKINGS

Top 86

in Total Papers Citations

2,031

CROSSREF CITATIONS

3,694

Scholarly Papers (70)

1.
Downloads 15,789 ( 261)
Citation 77

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
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 15,653 (257)
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: 21 Mar 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 136 (265,394)
Citation 21

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2.
Downloads 11,335 ( 498)
Citation 123

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 10,966 (531)
Citation 18

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Private Equity, Venture Capital

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 369 (101,379)
Citation 67

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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 10,218 (602)
Citation 239

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private equity partnerships, fund returns,

4.
Downloads 9,377 ( 708)
Citation 158

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 8,831 (774)
Citation 29

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Private Equity

Leveraged Buyouts and Private Equity

NBER Working Paper No. w14207
Number of pages: 41 Posted: 04 Aug 2008 Last Revised: 28 Apr 2021
Steven N. Kaplan and Per Strömberg
University of Chicago - Booth School of Business and Swedish House of Finance
Downloads 546 (63,323)
Citation 124

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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 8,373 (846)
Citation 2

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U.S. corporate governance system, shareholder value, executive compensation, boards, Sarbanes-Oxley act, comparative corporate governance

The State of U.S. Corporate Governance: What&Apos;S Right and What&Apos;S Wrong?

NBER Working Paper No. w9613
Number of pages: 35 Posted: 11 Apr 2003 Last Revised: 09 Oct 2021
Bengt R. Holmström and Steven N. Kaplan
Massachusetts Institute of Technology (MIT) - Department of Economics and University of Chicago - Booth School of Business
Downloads 201 (189,817)
Citation 1

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6.

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: 09 Feb 2021
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 7,065 (1,157)
Citation 29

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private equity, venture capital, performance, public markets

7.
Downloads 6,198 ( 1,445)
Citation 38

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 3,547 (3,729)
Citation 6

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private equity, valuation, capital structure, value creation

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 2,597 (6,326)
Citation 14

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What Do Private Equity Firms Say They Do?

NBER Working Paper No. w21133
Number of pages: 65 Posted: 04 May 2015 Last Revised: 07 Oct 2021
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 54 (470,609)
Citation 12

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

Fama-Miller Working Paper
Number of pages: 41 Posted: 02 Aug 2013 Last Revised: 09 Nov 2020
University of Virginia - Darden School of Business, University of Oxford - Said Business School, University of Chicago - Booth School of Business and Warburg Pincus
Downloads 4,965 (2,067)
Citation 44

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Private equity, performance persistence, venture capital

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

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2020-167
Number of pages: 44 Posted: 23 Nov 2020
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 353 (106,529)

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

NBER Working Paper No. w28109
Number of pages: 43 Posted: 23 Nov 2020 Last Revised: 22 Oct 2021
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 10 (745,167)
Citation 1
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9.
Downloads 5,085 ( 2,018)
Citation 5

Are CEOs Different?

Columbia Business School Research Paper No. 16-27, Paris December 2016 Finance Meeting EUROFIDAI - AFFI, Journal of Finance, Forthcoming
Number of pages: 61 Posted: 15 Mar 2016 Last Revised: 30 Oct 2020
Steven N. Kaplan and Morten Sorensen
University of Chicago - Booth School of Business and Dartmouth College - Tuck School of Business
Downloads 4,945 (2,081)
Citation 2

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CEOs, CFOs, COOs, Managerial Characteristics, Hiring Decisions, Corporate Governance

Are CEOS Different? Characteristics of Top Managers

NBER Working Paper No. w23832
Number of pages: 55 Posted: 18 Sep 2017 Last Revised: 15 Aug 2021
Steven N. Kaplan and Morten Sorensen
University of Chicago - Booth School of Business and Dartmouth College - Tuck School of Business
Downloads 140 (259,196)
Citation 1

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

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 4,561 (2,422)
Citation 35

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Corporate Governance; Stock Options; Mergers and Acquisitions

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: 19 Jun 2021
Bengt R. Holmström and Steven N. Kaplan
Massachusetts Institute of Technology (MIT) - Department of Economics and University of Chicago - Booth School of Business
Downloads 199 (191,694)
Citation 9

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11.
Downloads 4,653 ( 2,383)
Citation 94

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 Dartmouth College - Tuck School of Business
Downloads 4,432 (2,552)
Citation 77

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CEO characteristics, private equity

Which CEO Characteristics and Abilities Matter?

NBER Working Paper No. w14195
Number of pages: 55 Posted: 04 Aug 2008 Last Revised: 16 Oct 2021
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 Dartmouth College - Tuck School of Business
Downloads 221 (173,571)
Citation 25

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

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 3,980 (3,080)
Citation 22

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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: 07 Jun 2021
Steven N. Kaplan and Per Strömberg
University of Chicago - Booth School of Business and Swedish House of Finance
Downloads 333 (113,842)
Citation 78

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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 3,633 (3,576)
Citation 1

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Corporate Governance, Executive Compensation

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 Last Revised: 07 Oct 2021
Steven N. Kaplan
University of Chicago - Booth School of Business
Downloads 31 (584,758)
Citation 1

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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 3,125 (4,653)
Citation 23

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Compensation, Wage Differentials, Income Inequality, Corporate Governance

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: 06 Oct 2021
Joshua D. Rauh and Steven N. Kaplan
Stanford Graduate School of Business and University of Chicago - Booth School of Business
Downloads 75 (396,404)
Citation 1

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15.
Downloads 2,964 ( 5,215)
Citation 1

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 2,851 (5,435)

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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 69 (415,474)
Citation 1

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Venture Capitalists and Covid-19

NBER Working Paper No. w27824
Number of pages: 32 Posted: 21 Sep 2020 Last Revised: 27 Jun 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 44 (514,703)

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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 2,164 (8,486)
Citation 90

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Entrepreneurship, Venture Capital, Theory of the firm

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 605 (55,643)
Citation 4

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Entrepreneurship, Venture Capital, Theory of the firm

17.
Downloads 2,709 ( 6,020)

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 2,709 (5,907)
Citation 9

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private equity, performance

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

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18.
Downloads 2,470 ( 6,990)
Citation 2

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
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 2,385 (7,265)
Citation 2

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CEO Personality, leadership traits, personality measures, Big Five personality, CEO investment choices, CEO financing choices, firm operating performance

CEO Personality and Firm Policies

NBER Working Paper No. w22435
Number of pages: 61 Posted: 25 Jul 2016 Last Revised: 21 Oct 2021
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 85 (367,819)
Citation 1

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19.

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, Tulane University - A.B. Freeman School of Business and University of Chicago - Booth School of Business
Downloads 2,390 (7,363)
Citation 4

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Private Equity, Venture Capital, Buyout Funds Mutual Funds, Institutional Investors

20.

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

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, University of Chicago - Booth School of Business and Ohio State University - Fisher College of Business, Department of Finance
Downloads 2,034 (9,572)

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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 1,261 (19,907)
Citation 5

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

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 463 (77,666)

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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 148 (247,927)
Citation 5

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Characteristics, Contracts and Actions: Evidence from Venture Capitalist Analyses

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 (584,930)
Citation 36
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Investment banking, venture capital, financing policy, capital and ownership structure, brokerage

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
University of Virginia - Darden School of Business, University of Oxford - Said Business School, University of Chicago - Booth School of Business and Warburg Pincus
Downloads 1,447 (16,175)
Citation 14

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private equity, fund of funds, financial intermediation, venture capital

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 Last Revised: 08 Jul 2021
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 80 (381,707)

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23.
Downloads 1,485 ( 15,864)
Citation 7

Can Investors Time Their Exposure to Private Equity?

Kenan Institute of Private Enterprise Research Paper No. 18-26
Number of pages: 50 Posted: 13 Sep 2018 Last Revised: 25 Jan 2020
University of North Carolina (UNC) at Chapel Hill - Finance Area, University of Virginia - Darden School of Business, Burgiss, University of Oxford - Said Business School, University of Chicago - Booth School of Business and Fuqua School of Business, Duke University
Downloads 1,464 (15,894)

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Private equity, venture capital, commitment strategies, buyouts

Can Investors Time Their Exposure to Private Equity?

NBER Working Paper No. w26755
Number of pages: 50 Posted: 18 Feb 2020 Last Revised: 09 Aug 2021
University of North Carolina (UNC) at Chapel Hill - Finance Area, University of Virginia - Darden School of Business, Burgiss, University of Oxford - Said Business School, University of Chicago - Booth School of Business and Fuqua School of Business, Duke University
Downloads 21 (655,401)
Citation 7

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

Number of pages: 67 Posted: 14 Dec 2015
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 1,059 (25,783)

Abstract:

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Private Equity, Venture Capital

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

Number of pages: 67 Posted: 14 Dec 2015
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 276 (139,109)
Citation 13

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Private Equity, Venture Capital

25.

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 1,306 (19,162)
Citation 6

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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 1,293 (19,459)

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27.

Private Equity Portfolio Companies: A First Look at Burgiss Holdings Data

Number of pages: 30 Posted: 03 Mar 2020
University of North Carolina (UNC) at Chapel Hill - Finance Area, University of Virginia - Darden School of Business, Burgiss, University of Oxford - Said Business School, University of Chicago - Booth School of Business and Fuqua School of Business, Duke University
Downloads 1,219 (21,319)
Citation 1

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Private Equity, buyouts, venture capital, portfolio company

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 1,112 (23,998)
Citation 2

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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 65 (429,283)
Citation 4

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

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 (655,212)
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29.
Downloads 1,175 ( 22,498)

Private Equity and Covid-19

NBER Working Paper No. w27889
Number of pages: 45 Posted: 07 Oct 2020 Last Revised: 15 Sep 2021
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 618 (54,175)

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Private Equity and COVID-19

Georgetown McDonough School of Business Research Paper No. 3694159
Number of pages: 44 Posted: 20 Sep 2020
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 557 (61,737)

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private equity, COVID-19, pandemic, performance, value creation, capital structure

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

Number of pages: 28 Posted: 10 Dec 2000
Luis Garicano, Luis Garicano and Steven N. Kaplan
Centre for Economic Policy Research (CEPR)IE Business School and University of Chicago - Booth School of Business
Downloads 743 (42,339)
Citation 14

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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: 30 May 2021
Luis Garicano, Luis Garicano and Steven N. Kaplan
Centre for Economic Policy Research (CEPR)IE Business School and University of Chicago - Booth School of Business
Downloads 368 (101,679)

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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 990 (28,819)
Citation 91

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venture capital, databases, investments

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
University of Chicago - Booth School of Business, Yale University, Yale SOMAQR Capital and Vanderbilt University - Finance
Downloads 861 (34,577)
Citation 11

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Short Selling, Securities Lending, Stock Prices

The Effects of Stock Lending on Security Prices: an Experiment

NBER Working Paper No. w16335
Number of pages: 58 Posted: 07 Sep 2010 Last Revised: 21 Aug 2021
University of Chicago - Booth School of Business, Yale University, Yale SOMAQR Capital and Vanderbilt University - Finance
Downloads 59 (451,158)
Citation 5

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33.

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 871 (34,527)

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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 559 (61,481)
Citation 10

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Venture Capital, financial contracting, law and finance, capital and ownership structure

How Do Legal Differences and Learning Affect Financial Contracts?

NBER Working Paper No. w10097
Number of pages: 38 Posted: 17 Nov 2003 Last Revised: 05 Aug 2021
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 83 (373,217)
Citation 1

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How Do Legal Differences and Learning Affect Financial Contracts?

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 32 (578,913)
Citation 2
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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 622 (53,692)
Citation 1

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Short-Termism, Investment, Innovation

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

NBER Working Paper No. w23464
Number of pages: 24 Posted: 05 Jun 2017 Last Revised: 13 Aug 2021
Steven N. Kaplan
University of Chicago - Booth School of Business
Downloads 38 (544,958)
Citation 5

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

Journal of Applied Corporate Finance, Vol. 30, Issue 4, pp. 8-18, 2018
Number of pages: 14 Posted: 25 Feb 2019
Steven N. Kaplan
University of Chicago - Booth School of Business
Downloads 4 (796,425)
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36.

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: 24 May 2021
Steven N. Kaplan and Luigi Zingales
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business
Downloads 539 (65,040)
Citation 10

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37.

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 445 (82,219)
Citation 22

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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 443 (81,927)
Citation 8

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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

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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

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39.

Private Equity Performance: Returns, Persistence and Capital

NBER Working Paper No. w9807
Number of pages: 43 Posted: 29 Jun 2003 Last Revised: 20 Oct 2021
Steven N. Kaplan and Antoinette Schoar
University of Chicago - Booth School of Business and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 422 (87,554)
Citation 2

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What Is CEO Overconfidence? Evidence from Executive Assessments

Chicago Booth Research Paper No. 20-22, Fama-Miller Working Paper, Tuck School of Business Working Paper No. 3680699
Number of pages: 43 Posted: 27 Aug 2020 Last Revised: 24 Jun 2021
University of Chicago - Booth School of Business, Dartmouth College - Tuck School of Business and University of Chicago - Booth School of Business
Downloads 344 (109,687)

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What is CEO Overconfidence? Evidence from Executive Assessments

NBER Working Paper No. w27853
Number of pages: 38 Posted: 28 Sep 2020 Last Revised: 09 Aug 2021
University of Chicago - Booth School of Business, Dartmouth College - Tuck School of Business and University of Chicago - Booth School of Business
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41.

The Evolution of Buyout Pricing and Financial Structure

NBER Working Paper No. w3695
Number of pages: 51 Posted: 09 Jul 2004 Last Revised: 08 Aug 2021
Steven N. Kaplan and Jeremy C. Stein
University of Chicago - Booth School of Business and Harvard University - Department of Economics
Downloads 290 (132,788)
Citation 12

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42.

Should Defined Contribution Plans Include Private Equity Investments?

Kenan Institute of Private Enterprise Research Paper No. 20-14
Number of pages: 13 Posted: 25 Jan 2021
University of North Carolina (UNC) at Chapel Hill - Finance Area, Burgiss, University of Utah - David Eccles School of Business, University of Virginia - Darden School of Business, National Bureau of Economic Research (NBER), University of Oxford - Said Business School, University of Chicago - Booth School of Business, University of North Carolina (UNC) at Chapel Hill - Frank Hawkins Kenan Institute of Private Enterprise and Fuqua School of Business, Duke University
Downloads 261 (147,966)
Citation 1

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Private Equity, Defined Contribution Plans

43.

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 2021
Steven N. Kaplan and Bernadette A. Minton
University of Chicago - Booth School of Business and Ohio State University (OSU) - Department of Finance
Downloads 257 (150,173)
Citation 18

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44.

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 245 (157,476)
Citation 11

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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 Last Revised: 18 Apr 2021
Gregor Andrade and Steven N. Kaplan
Harvard Business School - Finance Unit and University of Chicago - Booth School of Business
Downloads 237 (162,195)
Citation 47

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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

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46.

Venture Capitalists as Principals: Contracting, Screening, and Monitoring

NBER Working Paper No. w8202
Number of pages: 14 Posted: 31 Mar 2001 Last Revised: 31 May 2021
Steven N. Kaplan and Per Strömberg
University of Chicago - Booth School of Business and Swedish House of Finance
Downloads 211 (181,658)
Citation 20

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47.

The Staying Power of Leveraged Buyouts

NBER Working Paper No. w3653
Number of pages: 37 Posted: 14 Jan 2001 Last Revised: 27 Jun 2021
Steven N. Kaplan
University of Chicago - Booth School of Business
Downloads 182 (207,597)
Citation 2

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What are Firms? Evolution from Birth to Public Companies

NBER Working Paper No. w11581
Number of pages: 57 Posted: 19 Oct 2005 Last Revised: 25 Aug 2021
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 128 (277,821)

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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
Downloads 26 (617,911)
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Entrepreneurship, theory of the firm, venture capital

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 2021
Steven N. Kaplan
University of Chicago - Booth School of Business
Downloads 153 (241,082)

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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

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50.

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 143 (254,110)
Citation 5

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51.

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 Last Revised: 24 May 2021
Steven N. Kaplan, Mark L. Mitchell and Karen H. Wruck
University of Chicago - Booth School of Business, University of Chicago - Booth School of Business and Ohio State University - Fisher College of Business, Department of Finance
Downloads 114 (300,953)

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52.

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 Last Revised: 08 Oct 2021
Steven N. Kaplan and Jeremy C. Stein
University of Chicago - Booth School of Business and Harvard University - Department of Economics
Downloads 72 (401,098)

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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 2021
Steven N. Kaplan
University of Chicago - Booth School of Business
Downloads 65 (429,163)
Citation 1

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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

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54.

Do Private Equity Funds Manipulate Reported Returns?

NBER Working Paper No. w22493
Number of pages: 70 Posted: 08 Aug 2016 Last Revised: 18 Jun 2021
Gregory W. Brown, Oleg Gredil and Steven N. Kaplan
University of North Carolina (UNC) at Chapel Hill - Finance Area, Tulane University - A.B. Freeman School of Business and University of Chicago - Booth School of Business
Downloads 56 (455,513)
Citation 13

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55.

The Holding Period Distinction of the Capital Gains Tax

NBER Working Paper No. w0762
Number of pages: 34 Posted: 19 Aug 2004 Last Revised: 02 Aug 2021
Steven N. Kaplan
University of Chicago - Booth School of Business
Downloads 35 (548,442)
Citation 1

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56.

&Apos;Outside&Apos; 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: 09 Sep 2021
Steven N. Kaplan and Bernadette A. Minton
University of Chicago - Booth School of Business and University of Chicago - Booth School of Business - Economics
Downloads 32 (564,646)

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57.

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 11 (709,174)
Citation 9
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58.

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
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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59.

Private Equity: Accomplishments and Challenges

Journal of Applied Corporate Finance, Vol. 32, Issue 3, pp. 8-20, 2020
Number of pages: 15 Posted: 03 Sep 2020
University of North Carolina (UNC) at Chapel Hill - Finance Area, University of Virginia - Darden School of Business, University of Oxford - Said Business School and University of Chicago - Booth School of Business
Downloads 4 (764,088)
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60.

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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61.

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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62.

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

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Mutual Funds, Market Timing, Benchmarks, Cash

63.

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

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64.

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

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65.

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

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66.

Entrepreneurial Finance and Private Equity: Course Description and Course Syllabus

Posted: 22 Sep 1997
Steven N. Kaplan
University of Chicago - Booth School of Business

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67.

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

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68.
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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

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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

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69.

Paramount Communications, Inc. - 1994

CASENET, SOUTH-WESTERN COLLEGE PUBLISHING
Posted: 26 Mar 1997
Steven N. Kaplan
University of Chicago - Booth School of Business

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70.

Paramount Communications Inc. - 1993

CASENET, SOUTH-WESTERN COLLEGE PUBLISHING
Posted: 29 Aug 1996
Steven N. Kaplan
University of Chicago - Booth School of Business

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