Steven Neil Kaplan (born 1959) is the Neubauer Family Distinguished Service Professor of Entrepreneurship and Finance at the

University of Chicago Booth School of Business The University of Chicago Booth School of Business (Chicago Booth or Booth) is the graduate business school of the University of Chicago. Founded in 1898, Chicago Booth is the second-oldest business school in the U.S. and is associated with 10 N ...

. He started teaching at the business school in 1988, and was named Neubauer Professor in 1999. He is also the Kessenich Faculty director of the Polsky Center for Entrepreneurship, at the University.

Early life and education

Kaplan received his AB, summa cum laude, in applied mathematics and economics from

Harvard College Harvard College is the undergraduate college of Harvard University, an Ivy League research university in Cambridge, Massachusetts. Founded in 1636, Harvard College is the original school of Harvard University, the oldest institution of higher lea ...

in 1981 and earned a PhD in business economics from

Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of higher le ...

in 1988.

Teaching

Kaplan teaches advanced courses in corporate finance and entrepreneurial finance. His areas of expertise are: Venture Capital, Corporate Governance, Private Equity, Mergers and Acquisitions, Boards of Directors, and E-Commerce. He was named one of the top twelve business school teachers in U.S., Business Week, 1994, and one of the top four business school entrepreneurship professors in U.S., Business Week, 1996.

Professional work

In 2001, he was visiting professor at

INSEAD INSEAD, a contraction of "Institut Européen d'Administration des Affaires" () is a non-profit business school that maintains campuses in Europe ( Fontainebleau, France), Asia (Singapore), the Middle East (Abu Dhabi, UAE), and North America (San ...

, in

Fontainebleau Fontainebleau (; ) is a commune in the metropolitan area of Paris, France. It is located south-southeast of the centre of Paris. Fontainebleau is a sub-prefecture of the Seine-et-Marne department, and it is the seat of the ''arrondissement ...

, France. He is a research associate at the

National Bureau of Economic Research The National Bureau of Economic Research (NBER) is an American private nonprofit research organization "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic c ...

, He is an associate editor, ''

Journal of Financial Economics The ''Journal of Financial Economics'' is a peer-reviewed academic journal published by Elsevier, covering the field of finance. It is considered to be one of the premier finance journals. According to the ''Journal Citation Reports'', the journa ...

'', European Financial Management.

Personal life

He grew up in

Danbury, Connecticut Danbury is a city in Fairfield County, Connecticut, United States, located approximately northeast of New York City. Danbury's population as of 2022 was 87,642. It is the seventh largest city in Connecticut. Danbury is nicknamed the "Hat City ...

. In 1989, he married Carol Jane Rubin, the daughter of Louis Rubin, vice president of

National Westminster Bank USA National Westminster Bank USA, commonly known as NatWest USA, was a wholly owned subsidiary of National Westminster Bank in the United Kingdom from 1983 to 1996. Formed as the National Bank of North America in 1905, the U.S. retail banking opera ...

, in a ceremony in

New York, New York New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Uni ...

Publications

He has published many peer-reviewed papers in the top economics and finance journals. These include: * “Private Equity Performance: Returns, Persistence and Capital Flows,” with Antoinette Schoar, ''

Journal of Finance ''The Journal of Finance'' is a peer-reviewed academic journal published by Wiley-Blackwell on behalf of the American Finance Association. It was established in 1946 and is considered to be one of the premier finance journals. The editor-in-chief ...

'', Volume 60, August 2005. * “Characteristics, Contracts, and Actions: Evidence From Venture Capitalist Analyses,” with Per Strömberg. ''

'', Volume 59, October 2004, 2177-2210. * “What is the Price of Hubris? Using Takeover Battles to Infer Overpayments and Synergies,” with Pekka Hietala and David T. Robinson, ''Financial Management'', Volume 32, Number 3, Autumn, 2003. Awarded Addison-Wesley Prize for 2nd Best Paper in Autumn, 2002 to Summer, 2004 issues. * “The State of U.S. Corporate Governance: What’s Right and What’s Wrong?” (with Bengt Holmstrom), ''

Journal of Applied Corporate Finance The ''Journal of Applied Corporate Finance'' is a quarterly academic journal covering research in corporate finance, including risk management, corporate strategy, corporate governance, and capital structure. It also features roundtable discussio ...

'', Spring 2003, 8-20. * “Financial Contracting Theory Meets the Real World: Evidence From Venture Capital Contracts,” with Per Strömberg, Review of Economic Studies, Volume 70, April 2003, 281-316. * “The Effects of Business-to-Business E-Commerce on Transaction Costs,” with Luis Garicano, Journal of Industrial Economics, December, 2001, 463-485. He is editor of "Mergers and Productivity,"(National Bureau of Economic Research, 2000)

References

External links

Steven Kaplan's Chicago Booth Web Site
* {{DEFAULTSORT:Kaplan, Steven University of Chicago faculty Harvard College alumni Harvard Business School alumni 21st-century American economists Living people 1959 births