# Michael Ewens

> David L. and Elsie M. Dodd Professor of Finance at Columbia Business School and director of the school's Private Equity Program. Research on private equity, venture capital, and the financing of high-growth entrepreneurial firms.

## Pages

- [Michael Ewens](https://michaelewens.com/): Michael Ewens is the David L. and Elsie M. Dodd Professor of Finance at Columbia Business School and director of the school's Private Equity Program. Research on private equity, venture capital, and the financing of high-growth entrepreneurial firms.
- [About](https://michaelewens.com/about): Biography of Michael Ewens, David L. and Elsie M. Dodd Professor of Finance at Columbia Business School and director of the school's Private Equity Program.
- [Research](https://michaelewens.com/research): Published articles, forthcoming papers, and working papers by Michael Ewens on private equity, venture capital, and entrepreneurship.
- [Data & Code](https://michaelewens.com/data-code): Data and code released with Michael Ewens's research papers.
- [Teaching](https://michaelewens.com/teaching): Courses taught by Michael Ewens, with links to syllabi.
- [CV](https://michaelewens.com/cv): Curriculum vitae of Michael Ewens, Columbia Business School.
- [Projects](https://michaelewens.com/projects): Ongoing projects, conferences, and programs.
- [Media](https://michaelewens.com/media): Press coverage and media mentions of Michael Ewens's research.
- [Contact](https://michaelewens.com/contact): Contact information for Michael Ewens.

## Structured data (JSON)

- [papers.json](https://michaelewens.com/data/papers.json)
- [press.json](https://michaelewens.com/data/press.json)
- [courses.json](https://michaelewens.com/data/courses.json)
- [data-code.json](https://michaelewens.com/data/data-code.json)
- [projects.json](https://michaelewens.com/data/projects.json)
- [CV (PDF)](https://michaelewens.com/ewens_cv.pdf)

## Working papers

- [Liquid Claims on Illiquid Assets: The Economics of Retail Access to Private Markets](https://osf.io/preprints/socarxiv/5897u_v1): Michael Ewens, Jacob Faber (2026). Working Paper.
- [Corporate Hierarchy](https://osf.io/preprints/socarxiv/yj4he_v2): Michael Ewens, Xavier Giroud (2025). Working Paper.
- [Local Journalism Under Private Equity Ownership](https://osf.io/preprints/socarxiv/6ynf4): Michael Ewens, Arpit Gupta, Sabrina Howell (2025). Working Paper.
- [Insider Financing and Venture Capital Returns](https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2849681): Michael Ewens, Matthew Rhodes-Kropf, Ilya Strebulaev (2016). Working Paper.

## Published

- [Board Dynamics over the Startup Life Cycle](https://osf.io/preprints/socarxiv/t96yq/): Michael Ewens, Nadya Malenko (2026). Journal of Finance.
- [Venture Capital and Startup Agglomeration](https://osf.io/download/607362fc51f7ae0483f50a1b/): Michael Ewens, Jun Chen (2025). Journal of Finance.
- [Regulatory Costs of Being Public: Evidence from Bunching Estimation](https://osf.io/preprints/socarxiv/pdv8n/): Michael Ewens, Kairong Xiao, Ting Xu (2024). Journal of Financial Economics.
- [Founder-CEO Compensation and Selection into Venture Capital-Backed Entrepreneurship](https://osf.io/preprints/socarxiv/rku3m): Michael Ewens, Ramana Nanda, Christopher Stanton (2024). Journal of Finance.
- [Measuring Intangible Capital with Market Prices](https://osf.io/preprints/socarxiv/kvp2f/): Michael Ewens, Ryan Peters, Sean Wang (2024). Management Science.
- [Gender and Race in Entrepreneurial Finance](https://osf.io/preprints/socarxiv/djf8z/): Michael Ewens (2024). Published.
- [Private or Public Equity? The Evolving Entrepreneurial Finance Landscape](https://osf.io/preprints/socarxiv/9am4w/): Michael Ewens, Joan Farre-Mensa (2022). Annual Review of Financial Economics.
- [Venture Capital Contracts](https://osf.io/preprints/socarxiv/hk38u/): Michael Ewens, Alex Gorbenko, Arthur Korteweg (2022). Journal of Financial Economics.
- [The Deregulation of the Private Equity Markets and the Decline in IPOs](https://osf.io/preprints/socarxiv/67uzb/): Michael Ewens, Joan Farre-Mensa (2020). Review of Financial Studies.
- [Are Early Stage Investors Biased Against Women?](https://osf.io/preprints/socarxiv/x3syb/): Michael Ewens, Rick Townsend (2020). Journal of Financial Economics.
- [Founder Replacement and Startup Performance](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2717124): Michael Ewens, Matt Marx (2018). Review of Financial Studies.
- [Cost of Experimentation and the Evolution of Venture Capital](https://michaelewens.com/attached_assets/vc_evolve.pdf): Michael Ewens, Ramana Nanda, Matthew Rhodes-Kropf (2018). Journal of Financial Economics.
- [Managing Performance Signals Through Delay: Evidence from Venture Capital](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2494677): Michael Ewens, Indraneel Chakraborty (2017). Management Science.
- [Is a VC Partnership Greater than the Sum of its Partners?](https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2024209): Michael Ewens, Matthew Rhodes-Kropf (2015). Journal of Finance.
- [Statistical Discrimination or Prejudice? A Large Sample Field Experiment](https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=1816702): Michael Ewens, Bryan Tomlin, Liang Choon Wang (2014). Review of Economics and Statistics.
- [The Price of Diversifiable Risk in Venture Capital and Private Equity](https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=342841): Michael Ewens, Charles Jones, Matthew Rhodes-Kropf (2013). Review of Financial Studies.