My research studies the financial intermediation, innovation and management of high-growth entrepreneurial firms. In this environment which is characterized by extreme agency and information frictions, one can revisit fundamental issues in finance and economics. I am particularly interested in the source of value-add of financial intermediaries such as venture capitalists and private equity investors, the role of gender in entrepreneurship (see my lecture here) and the differences between public and private ownership forms. All projects attempt to create new large sample data where earlier research had only a few industries or short time periods.
Private or public equity? The evolving entrepreneurial finance landscape
Michael Ewens and Joan Farre-Mensa (Univ. IL Chicago), Annual Review of Financial Economics
Venture Capital Contracts
Michael Ewens, Alexander Gorbenko (UCL) and Arthur Korteweg (USC Marshall), Journal of Financial Economics Volume 143, Issue 1, January 2022, Pages 131-158
Michael Ewens and Joan Farre-Mensa (Univ. of IL), Volume 33, Issue 12, December 2020, Pages 5463–5509, Review of Financial Studies
Michael Ewens, Ramana Nanda (Imperial) and Matthew Rhodes-Kropf (MIT), Journal of Financial Economics Volume 128, Issue 3, June 2018, Pages 422-442
Michael Ewens, Bryan Tomlin (NERA) and Liang Choon Wang (Monash), The Review of Economics and Statistics (2014) 96 (1): 119–134.
Michael Ewens, Charles Jones (Columbia) and Matthew Rhodes-Kropf (MIT), The Review of Financial Studies, Volume 26, Issue 8, August 2013, Pages 1854–1889.