Peer-Reviewed Publications
The Value of Privacy and the Choice of Limited Partners by Venture Capitalists
with
R Abuzov,
IA Strebulaev,
Journal of Financial Economics 2025, 169(7), 104063
Cite.
Topics:
Contracts,
PE,
VC.

Customer Data Access and Fintech Entry: Early Evidence from Open Banking
with
T Babina,
SA Bahaj,
G Buchak,
F De Marco,
AK Foulis,
F Mazzola,
T Yu,
Journal of Financial Economics 2025, 169(7), 103950
Cite.
A previous version of this manuscript was distributed as "Customer Data Access and Fintech Entry: Early Evidence from Open Banking" T Babina, G Buchak, W Gornall.
Topics:
Banking,
Fintech/Crypto.

Do Employees Cheer for Private Equity? The Heterogeneous Effects of Buyouts on Job Quality
with
O Gredil,
ST Howell,
X Liu,
J Sockin,
Management Science 2025, 71(5), 4287-4317
Cite.
Topics:
PE,
Surveys.

Gender, Race, and Entrepreneurship: A Randomized Field Experiment on Venture Capitalists and Angels
with
IA Strebulaev,
Management Science forthcoming
Cite.
Topics:
Surveys,
VC.

Venture Capitalists and COVID-19
with
PA Gompers,
SN Kaplan,
IA Strebulaev,
Journal of Financial and Quantitative Analysis 2021, 56(7), 2474-2499
Cite.
Topics:
Surveys,
VC.

Squaring Venture Capital Valuations with Reality
with
IA Strebulaev,
Journal of Financial Economics 2020, 135(1), 120–143
Cite.
Doriot Award winner.
Teaching slides.
Code.
Tool to value employee stock options.
Topics:
Contracts,
Valuation,
VC.

How Do Venture Capitalists Make Decisions?
with
PA Gompers,
SN Kaplan,
IA Strebulaev,
Journal of Financial Economics 2020, 135(1), 169–190
Cite.
Awarded Jensen Prize.
Summarized by the Harvard Business Review.
Teaching slides.
Topics:
Surveys,
VC.

Financing as a Supply Chain: The Capital Structure of Banks and Borrowers
with
IA Strebulaev,
Journal of Financial Economics 2018, 129(3), 510-530
Cite.
Code.
Topics:
Banking,
Contracts.

Locally-Capped Investment Products and the Retail Investor
with
C Bernard,
P Boyle,
Journal of Derivatives 2011, 18(4), 72-88
Cite.
Topics:
Contracts,
Valuation.

Working Papers
Perpetual Futures and Basis Risk: Evidence from Cryptocurrency
with
M Rinaldi,
Y Xiao,
Cite.
A previous version of this manuscript was distributed as "Funding Payments Crisis-Proofed Bitcoin’s
Perpetual Futures".
Topics:
Contracts,
Fintech/Crypto.

A Valuation Model of Venture Capital-Backed Companies with Multiple Financing Rounds
with
IA Strebulaev,
Cite.
Topics:
Contracts,
Valuation,
VC.

Non-Peer-Reviewed Publications
The Contracting and Valuation of Venture Capital-Backed Companies
with
IA Strebulaev,
In: BE Eckbo, GM Phillips, M Sorensen (eds) Handbook of the Economics of Corporate Finance 2023, Amsterdam: North-Holland, an imprint of Elsevier, 1, 3-76
Cite.
A useful reference for faculty, students, and practitioners.
Topics:
Contracts,
Valuation,
VC.

Venture Capital Valuation
with
IA Strebulaev,
In: D Cumming, B Hammer (eds) The Palgrave Encyclopedia of Private Equity 2023, Cham: Springer International Publishing, 1-5
Cite.
Topics:
Contracts,
Valuation,
VC.

How Venture Capitalists Make Decisions
with PA Gompers, SN Kaplan, IA Strebulaev,
Harvard Business Review 2021, 99.2 70-+
Topics:
Surveys,
VC.
Teaching Material
Policy