Steven N. Kaplan
Neubauer Family
Professor of Entrepreneurship and Finance
University of
Chicago Booth School of Business
5807 South
Woodlawn Avenue, Chicago, IL 60637
E-Mail: skaplan@uchicago.edu
Phone: (773) 702-4513
Recent Presentations
“How
Bad Is U.S. Corporate Governance? / Are U.S. CEOs Overpaid?”, 2009
"Private
Equity: Past, Present, and
Future", 2009
"Which
CEO Characteristics and Abilities Matter?", with Mark Klebanov and
Morten Sorensen, 2009
"Thoughts
on the Crisis, Bailouts and Stimulus", 2009
“Should
You Bet on the Jockey or the Horse? Or What Are Firms? Evolution from Early
Business Plan to Public Companies” , with Berk Sensoy and Per
Strömberg, 2008
Research Articles
“ It Ain’t Broke: The
Past, Present, and Future of Venture Capital” with Josh Lerner, 2009
“The
Effects of Stock Lending on Security Prices: An Experiment” with Tobias
Moskowitz and Berk Sensoy, 2009
“Which CEO
Characteristics and Abilities Matter?” with Mark Klebanov and Morten
Sorensen, August 2008.
“Wall
Street and Main Street: What Contributes to the Rise in the Highest
Incomes?” with Josh Rauh, Review of Financial Studies, 2009.
“Should
Investors Bet on the Jockey or the Horse? Evidence from the Evolution of Firms
from Early Business Plans to Public Companies,” with Berk Sensoy and Per
Strömberg, Journal of Finance,
February 2009.
“Leveraged
Buyouts and Private Equity” with Per Strömberg, Journal of Economic Perspectives, Winter 2009.
“ How has
CEO Turnover Changed? Increasingly Performance Sensitive Boards and
Increasingly Uneasy CEOs” , with Bernadette Minton, August 2008.
“Are U.S.
CEOs Overpaid?” , Academy of Management Perspectives, May 2008.
“How Do
Legal Differences and Learning Affect Financial Contracts?” , with Frederic
Martel and Per Strömberg, Journal of Financial Intermediation, 2007.
“Do
Mutual Funds Time Their Benchmarks?” , with Berk Sensoy, November 2005
"Private
Equity Performance: Returns, Persistence, and Capital Flows",
with Antoinette Schoar, Journal of Finance, August 2005.
"Characteristics,
Contracts, and Actions: Evidence From Venture Capitalist Analyses
", with Per Strömberg, Journal of Finance, October 2004.
“What is
the Price of Hubris? Using Takeover Battles to Infer Overpayments and
Synergies,” with Pekka Hietala and David T. Robinson, Financial Management,
Autumn 2003.
"The
State of U.S. Corporate Governance: What’s Right and What’s Wrong?",
with Bengt Holmström, Journal of Applied Corporate Finance, Spring
2003.
"Financial
Contracting Theory Meets the Real World: Evidence From Venture Capital
Contracts," with Per Strömberg. Review of Economic Studies,
April 2003.
"How
well do venture capital databases reflect actual investments?", with
Berk Sensoy and Per Strömberg, September 2002.
"
Valuation and New Economy Firms", in Asset Price Bubbles, edited by
William Hunter, George Kaufman and Michael Pomerleano, MIT Press, 2003.
"
The Effects of Business-to-Business E-Commerce on Transaction Costs",
with Luis Garicano. Journal of Industrial Economics, 2001.
"Corporate
Governance and Merger Activity in the U.S", with Bengt Holmstrom.
Journal of Economic Perspectives, Spring 2001.
"A
framework for analyzing B2B e-commerce", with Luis Garicano
"B2B
E-Commerce Hubs: Towards a Taxonomy of Business Models," with Mohanbir
Sawhney. Harvard Business Review, 2000.
"The
Emerging Landscape of Business to Business E-Commerce", with Mohanbir
Sawhney. Business 2.0, 1999.
"How
Costly is Financial (not Economic) Distress? Evidence from Highly Leveraged
Transactions that Became Distressed," (with Gregor Andrade), Journal
of Finance, Volume 53, (October 1998), 1443-1494. (Lead Article). Awarded
Smith Breeden prize for First Prize Paper in 1998.
"A
Clinical Exploration of Value Creation and Destruction in Acquisitions:
Integration, Organization Design, and Internal Capital Markets," with
Mark Mitchell and Karen Wruck, in Mergers and Productivity, 1997,
Steven Kaplan, editor, National Bureau of Economic Research.
"The
Evolution of U.S. Corporate Governance: We are All Henry Kravis Now," Journal
of Private Equity, Fall,
1997, 7-14.
"Top
Executive Rewards and Firm Performance: A Comparison of Japan and the
U.S.," Journal
of Political Economy, Volume 102, No. 3, (June, 1994), 510-546.
"The
Value Maximizing Board," with Robert Gertner, December, 1996.
The University of
Chicago Booth School of Business ©2009