Research
Publications
The Deregulation of the Private Equity Markets and the Decline in IPOs (with Joan Farre-Mensa) [Dec. 2019] [Appendix] Review of Financial Studies (forthcoming) [NBER WP] [NBER Digest article]
Are Early Stage Investors Biased Against Women? (with Rick Townsend), Journal of Financial Economics (forthcoming)
Founder Replacement and Startup Performance (with Matt Marx), Review of Financial Studies 2018 [pdf]
Cost of Experimentation and the Evolution of Venture Capital (with Ramana Nanda and Matthew Rhodes-Kropf), Journal of Financial Economics 2017 [pdf] [appendix] [NBER WP]
Managing Performance Signals Through Delay: Evidence from Venture Capital (with I. Chakraborty), Management Science 2017 [pdf]
Is the VC Partnership Greater than the Sum of its Partners? (with M. Rhodes-Kropf), Journal of Finance 2015 [pdf] [online appendix]
Statistical Discrimination or Prejudice? A Large Sample Field Experiment (with C. Wang and B. Tomlin), Review of Economics and Statistics, 2014 [pdf] [replication data]
The Price of Diversifiable Risk in Venture Capital and Private Equity (with C. Jones and M. Rhodes-Kropf), Review of Financial Studies 2013 [pdf]
Working Papers
Insider Financing and Venture Capital Returns (with Matthew Rhodes-Kropf and Ilya Strebulaev [October 2016] [pdf] (Revise & Resubmit, Review of Financial Studies)
Measuring Intangible Capital with Market Prices (with Ryan Peters and Sean Wang) [May 2019][NBER WP]
- code to construct knowledge and organization capital stocks (plus data)
- Mapping of SDC deal numbers to "gvkeys"
- MD&A text from 10-Ks
Venture Capital Contracts (with Alex Gorbenko and Arthur Korteweg) [July 2019]