Michael Ewens

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

Associate Professor of Finance and Entrepreneurship

1200 East California Blvd.

Pasadena, CA 91125

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

SCHOLARLY PAPERS

19

DOWNLOADS
Rank 4,262

SSRN RANKINGS

Top 4,262

in Total Papers Downloads

12,393

SSRN CITATIONS
Rank 3,189

SSRN RANKINGS

Top 3,189

in Total Papers Citations

301

CROSSREF CITATIONS

119

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
California Institute of Technology - Division of the Humanities and Social Sciences, Columbia University and Harvard Business School - Entrepreneurial Management Unit
Downloads 2,629 (6,615)
Citation 133

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

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

Review of Financial Studies, Forthcoming
Number of pages: 94 Posted: 15 Aug 2017 Last Revised: 10 Feb 2020
Michael Ewens and Joan Farre-Mensa
California Institute of Technology - Division of the Humanities and Social Sciences and University of Illinois at Chicago - Department of Finance
Downloads 2,144 (9,001)
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
California Institute of Technology - Division of the Humanities and Social Sciences and University of Illinois at Chicago - Department of Finance
Downloads 36 (572,531)
Citation 2

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3.
Downloads 1,154 ( 24,085)
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
California Institute of Technology - Division of the Humanities and Social Sciences, Tulane University - Finance & Economics and Southern Methodist University
Downloads 1,115 (24,882)

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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 Dec 2021
Michael Ewens, Ryan H. Peters and Sean Wang
California Institute of Technology - Division of the Humanities and Social Sciences, Tulane University - Finance & Economics and Southern Methodist University
Downloads 39 (556,015)

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Cost of Experimentation and the Evolution of Venture Capital

Harvard Business School Entrepreneurial Management Working Paper No. 15-070, The Journal of Financial Economics (Forthcoming)
Number of pages: 51 Posted: 03 Nov 2015 Last Revised: 21 Mar 2017
Michael Ewens, Ramana Nanda and Matthew Rhodes-Kropf
California Institute of Technology - Division of the Humanities and Social Sciences, Harvard University - Entrepreneurial Management Unit and Harvard Business School - Entrepreneurial Management Unit
Downloads 1,007 (28,847)
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
Michael Ewens, Ramana Nanda and Matthew Rhodes-Kropf
California Institute of Technology - Division of the Humanities and Social Sciences, Harvard University - Entrepreneurial Management Unit and Harvard Business School - Entrepreneurial Management Unit
Downloads 44 (530,363)
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
California Institute of Technology - Division of the Humanities and Social Sciences and University of California, San Diego (UCSD) - Rady School of Management
Downloads 940 (32,262)
Citation 28

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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
California Institute of Technology - Division of the Humanities and Social Sciences and Boston University - Questrom School of Business
Downloads 728 (45,825)
Citation 32

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Executive turnover, venture capital, financial intermediation, entrepreneurship

7.

Insider Financing and Venture Capital Returns

Stanford University Graduate School of Business Research Paper No. 16-45
Number of pages: 54 Posted: 09 Oct 2016 Last Revised: 04 Nov 2016
California Institute of Technology - Division of the Humanities and Social Sciences, Harvard Business School - Entrepreneurial Management Unit and Stanford University - Graduate School of Business
Downloads 655 (52,711)
Citation 11

Abstract:

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venture capital, financial intermediation, hold up, entrepreneurship

8.
Downloads 562 ( 64,079)
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
California Institute of Technology - Division of the Humanities and Social Sciences, University College London - Department of Economics and School of Management and University of Southern California - Marshall School of Business
Downloads 545 (65,830)
Citation 1

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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: 19 Nov 2021
California Institute of Technology - Division of the Humanities and Social Sciences, University College London - Department of Economics and School of Management and University of Southern California - Marshall School of Business
Downloads 17 (705,381)
Citation 2

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9.
Downloads 422 ( 90,657)
Citation 1

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
California Institute of Technology - Division of the Humanities and Social Sciences and University of Michigan, Stephen M. Ross School of Business
Downloads 415 (91,576)

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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: 17 Jan 2022
Michael Ewens and Nadya Malenko
California Institute of Technology - Division of the Humanities and Social Sciences and University of Michigan, Stephen M. Ross School of Business
Downloads 6 (799,875)
Citation 1
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Board Dynamics Over the Startup Life Cycle

Number of pages: 62 Posted: 28 Jul 2020 Last Revised: 15 Mar 2021
Michael Ewens and Nadya Malenko
California Institute of Technology - Division of the Humanities and Social Sciences and University of Michigan, Stephen M. Ross School of Business
Downloads 1 (851,145)
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Regulatory Costs of Being Public: Evidence from Bunching Estimation

Number of pages: 77 Posted: 11 Feb 2021 Last Revised: 02 Aug 2021
Michael Ewens, Kairong Xiao and Ting Xu
California Institute of Technology - Division of the Humanities and Social Sciences, Columbia University - Columbia Business School and University of Virginia - Darden School of Business
Downloads 354 (109,959)

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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: 18 Nov 2021
Michael Ewens, Kairong Xiao and Ting Xu
California Institute of Technology - Division of the Humanities and Social Sciences, Columbia University - Columbia Business School and University of Virginia - Darden School of Business
Downloads 7 (791,332)
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Is a VC Partnership Greater than the Sum of Its Partners?

Journal of Finance, Forthcoming
Number of pages: 48 Posted: 20 Mar 2012 Last Revised: 12 Jul 2014
Michael Ewens and Matthew Rhodes-Kropf
California Institute of Technology - Division of the Humanities and Social Sciences and Harvard Business School - Entrepreneurial Management Unit
Downloads 306 (129,095)

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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: 07 Oct 2021
Michael Ewens and Matthew Rhodes-Kropf
California Institute of Technology - Division of the Humanities and Social Sciences and Harvard Business School - Entrepreneurial Management Unit
Downloads 19 (689,350)
Citation 17

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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
California Institute of Technology - Division of the Humanities and Social Sciences, Harvard University - Entrepreneurial Management Unit and Harvard University - Business School (HBS)
Downloads 310 (127,270)

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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: 18 Nov 2021
Michael Ewens, Ramana Nanda and Christopher Stanton
California Institute of Technology - Division of the Humanities and Social Sciences, Harvard University - Entrepreneurial Management Unit and Harvard University - Business School (HBS)
Downloads 2 (837,403)
Citation 1
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13.

Statistical Discrimination or Prejudice? A Large Sample Field Experiment

Review of Economics and Statistics, Forthcoming
Number of pages: 48 Posted: 23 Apr 2011 Last Revised: 05 Jun 2013
Michael Ewens, Bryan Tomlin and Liang Choon Wang
California Institute of Technology - Division of the Humanities and Social Sciences, Loyola University of Chicago - School of Business Administration - Department of Economics and Monash University - Department of Economics
Downloads 269 (148,444)
Citation 34

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discrimination, field experiment, statistical discrimination, housing markets

14.

Managing Performance Signals Through Delay: Evidence from Venture Capital

Management Science, Forthcoming
Number of pages: 53 Posted: 11 Sep 2014 Last Revised: 21 Nov 2018
Indraneel Chakraborty and Michael Ewens
University of Miami and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 216 (183,669)
Citation 11

Abstract:

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venture capital, reputation, financial intermediation, entrepreneurship

15.

The Consequences of Entrepreneurial Firm Founding on Innovation

Number of pages: 47 Posted: 10 Jul 2013
Michael Ewens and Christian Fons-Rosen
California Institute of Technology - Division of the Humanities and Social Sciences and University of California, Merced
Downloads 171 (226,369)
Citation 10

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entrepreneurship, innovation, spinoffs, venture capital

Private or Public Equity? The Evolving Entrepreneurial Finance Landscape

Number of pages: 35 Posted: 10 Nov 2021 Last Revised: 07 Jan 2022
Michael Ewens and Joan Farre-Mensa
California Institute of Technology - Division of the Humanities and Social Sciences and University of Illinois at Chicago - Department of Finance
Downloads 141 (266,340)

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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: 39 Posted: 06 Dec 2021 Last Revised: 11 Dec 2021
Michael Ewens and Joan Farre-Mensa
California Institute of Technology - Division of the Humanities and Social Sciences and University of Illinois at Chicago - Department of Finance
Downloads 11 (756,256)
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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 California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 130 (282,403)

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

18.

Local Journalism under Private Equity Ownership

Number of pages: 61 Posted: 11 Oct 2021
Michael Ewens, Arpit Gupta and Sabrina T Howell
California Institute of Technology - Division of the Humanities and Social Sciences, NYU Stern School of Business and New York University (NYU) - Leonard N. Stern School of Business
Downloads 128 (285,757)

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

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: 18 Nov 2021
Jun Chen and Michael Ewens
Renmin University of China - School of Business and California Institute of Technology - Division of the Humanities and Social Sciences
Downloads 8 (752,241)
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