Matthew Rhodes-Kropf

Transcription

1 EDUCATION: Matthew Rhodes-Kropf Harvard Business School Rock Center 313 Boston, MA Duke University, North Carolina: 1998 Ph.D., Economics Dissertation: Auctions, Information Revelation and Renegotiation. Committee: S. Viswanathan (Co-Chair) James Anton (Co-Chair) Nikolas Vettas Mark Coppejans 1995 M.A., Economics 1993 B.A., Computer Science and Economics HARVARD UNIVERSITY: Appointments: 2009 present Associate Professor of Business Administration Visiting Professor of Business Administration Assignments: 2009 present MBA Elective: Venture Capital and Private Equity 2008 present Executive Education: Venture Capital and Private Equity OTHER ACADEMIC EXPERIENCE: Appointments: 2013 present National Bureau of Economic Research Faculty Research Fellow Columbia University, Graduate School of Business : Daniel W. Stanton Associate Professor of Business : Associate Professor, Finance and Economics, : Assistant Professor, Finance and Economics Page 1 of 8

2 Assignments: MBA Elective: Entrepreneurial Finance MBA Required: Corporate Finance Executive: Credit Suisse First Boston: Corporate Finance Analyst training 2001 Executive: Bear Stearns: Corporate Finance Analyst training 2008 Executive: Deutsche Bank: Advanced Valuation LBO analysis Executive: Deloitte: Corporate Finance 2005 & 2007 Executive: The Conference Board Research Council on Global Investment AWARDS AND HONORS: 2012 Best paper award, World Finance Conference 2012 Best paper award, Campus for Finance Research Conference 2009 present Fellow of the Center for Corporate Governance, Drexel University 2005 Nominated for Brattle Prize, Journal of Finance, Best Paper: Corporate Finance 2001 Dean's Award for Teaching Excellence in a Core Course FELLOWSHIPS AND GRANTS: 2004 BSI GAMMA Foundation Grant 2003 Financial Services Exchange Grant 2002 & 2003 Lang Faculty Research Fellow Eugene Lang Research Fellowship, Columbia University Duke University Fellow Calvin Hoover Fellowship, Duke University PUBLICATIONS: Journal Articles: Nanda, R and M. Rhodes-Kropf (2012), Financing Risk and Innovation. Management Science (forthcoming) Presented at ISCTE Business School, Lisbon, Financial Markets Theory Workshop at MIT, Harvard University, Darden Entrepreneurship and Innovation Research Conference, Research Symposium on the Economics and Law of the Entrepreneur at Northwestern, Northeastern, European Finance Association Meeting, MIT Finance Department Seminar, Notre Dame, Tuck School of Business, World Bank, Society for Financial Studies Cavalcade at Michigan, Western Finance Association, and Kauffman Entrepreneurial Finance and Innovation Conference, CEPR Workshop Moving to the Innovation Frontier, Hong Kong University, UT Austin Ewens, M and M. Rhodes-Kropf (2015), Is a VC Partnership Greater than the Sum of its Partners? Journal of Finance, 70, 3, Presented at Federal Reserve Bank/NYU Stern PE Conference, Jackson Hole finance conference 2013, American Finance Association 2013, Harvard, and Stanford / JOIM Private Equity Conference Page 2 of 8

3 Kerr, W. R., R. Nanda, and M. Rhodes-Kropf (2014), Entrepreneurship as Experimentation. Journal of Economic Perspectives, 28, 3, Fisman, R., R. Khurana, M. Rhodes-Kropf and S. Yim (2014), Governance and CEO turnover: Do something or do the right thing? Management Science, 60, 2, Presented at the 6 th Maryland Finance Symposium on Corporate Governance, Swedish Institute for Financial Research Conference on Corporate Governance, World Bank Research Group, European Finance Association meetings Summarized in MIT Sloan Management Review Ewens, M., C. Jones and M. Rhodes-Kropf (2013), The Price of Diversifiable Risk in Venture Capital and Private Equity. Review of Financial Studies 26 (8), (Lead article) Presented at American Finance Association, Yale - Conference on Entrepreneurship, Venture Capital, and IPOs, NYU Conference on Entrepreneurship, Venture Capital, and IPOs, Stanford/NYSE Conference on Entrepreneurial Finance and IPOs R. Nanda and M. Rhodes-Kropf (2013), Investment Cycles and Startup Innovation. Journal of Financial Economics, 110(2), Presented at London Business School, London School of Economics, Hong Kong University, Northeastern University, University of Texas Austin, Houston University, NBER summer meetings, World Finance conference (Best Paper award), Economics of Innovation and Entrepreneurship Conference, Queens University, Correlation Ventures Annual Meeting, Harvard University, HEC and EPFL University of Lausanne, Switzerland, HEC Paris, QSB insight. Summarized in Harvard Law School Forum on Corporate Governance and Financial Regulation and summarized by Kauffman Fellows in What can Venture Capitalists Learn from Academics? D. Kadyrzhanova and M. Rhodes-Kropf (2011), Concentrating on Governance. Journal of Finance, LXVI, October, Presented at First Academic conference on Corporate Governance Research, Harvard University, University of Pittsburgh Summarized in Harvard Law School Forum on Corporate Governance and Financial Regulation M. Rhodes-Kropf and D. Robinson (2008), The Market for Mergers and the Boundaries of the Firm. Journal of Finance, LXII, June, Presented at Wharton, McGill, European Finance Association, NBER Summer Institute, Federal Reserve Board New York, American Finance Association, Dartmouth, UNC 16 th Annual Financial Economics & Accounting (FEA), Econometric Society World Congress, Conference on Policy Issues in M&A; Utrecht Page 3 of 8

4 NL, SUNY Binghamton, SUNY Buffalo, University of Maryland and Rutgers A. Ang, M. Rhodes-Kropf and R. Zhao (2008), Do Fund-of-Funds Deserve their Extra Fees? Journal of Investment Management, Vol 6, 4, p34-58 Won the BSI Gamma Foundation Grant and presented at Western Finance Association and American Finance Association Katzman, B. and M. Rhodes-Kropf (2008), The Consequences of Information Revealed in Auctions. Applied Economics Research Bulletin, Special Issue I (Auctions), p M. Rhodes-Kropf, D. Robinson and S. Viswanathan (2005), Valuation Waves and Merger Activity: The Empirical Evidence. Journal of Financial Economics, 77, Presented at NBER Behavioral Finance meeting, Dartmouth College, UCLA, Carnegie Mellon, University of North Carolina, The 14 th Annual Financial Economics & Accounting (FEA) meetings, NYU Stern Five Star Conference on Research in Finance and American Finance Association Reprinted in Corporate Takeovers: Modern Empirical Developments, Elsevier Academic Press, edited by Espen Eckbo. M. Rhodes-Kropf and S. Viswanathan (2005), Financing Auction Bids. RAND Journal of Economics, Winter, 36, Presented at European Finance Association meeting, Econometric Society Summer meeting, INFORM conference, and the Society of Economic Design M. Rhodes-Kropf (2005), Price Improvement in Dealership Markets, Journal of Business, July, vol. 78, Presented at NBER Market Microstructure Research Group, Michigan, Indiana, UNC, Columbia, SEC and RFS Market Microstructure conference M. Rhodes-Kropf and S. Viswanathan (2004), Market Valuation and Merger Waves. Journal of Finance, LIX, December, Nominated for the Journal of Finance Brattle Prize for best paper in corporate finance and presented at American Finance Association, NBER Corporate Meetings, Stanford University, NYU Stern Five Star Conference on Research in Finance and Rutgers M. Rhodes-Kropf and S. Viswanathan (2000), Corporate Reorganizations and Non-Cash Auctions. Journal of Finance, LV, August, Presented at Western Finance Association, American Finance Association and University of Chicago Other Publications: R. Nanda and M. Rhodes-Kropf (2015) Financing Experiments. Science 348, no. 6240, June R. Nanda and M. Rhodes-Kropf (2015) Regional Variation in Venture Capital: Causes and Page 4 of 8

5 Consequences. in Moving to the Innovation Frontier, Center for Economic Policy and Research policy booklet, forthcoming. Presented at the Alpach Economic Forum, Austria R. Nanda and M. Rhodes-Kropf (2015) Financing Entrepreneurial Experimentation. Chap 3 in Innovation Policy and the Economy, Vol 16 edited by Josh Lerner and Scott Stern. National Bureau of Economic Research and University of Chicago Press, forthcoming. Presented at the NBER conference on Innovation Policy and the Economy, Washington D.C. A. Ang, M. Rhodes-Kropf and R. Zhao (2006), A New Measure for Measuring. Institutional Investor s Alpha for Hedge Fund Investors and Managers. Cases, modules, and teaching notes: Rhodes-Kropf, Matthew, Luis M. Viceira, John Dionne, and Nathaniel Burbank. "Texas Teachers and the New Texas Way." Harvard Business School Case , (2014). Rhodes-Kropf, Matthew. The Impact of Waves in Venture Capital and Private Equity. Harvard Business School module note (2014) [32]. Rhodes-Kropf, Matthew, and Nathaniel Burbank. The Venture Capital and Private Equity Investing Simulation: the Concepts. Harvard Business School module note (2014) [18]. Rhodes-Kropf, Matthew, and Nathaniel Burbank. VCPE Simulation User s Guide. Harvard Business School handbook (2014) [27]. Lerner, Josh, and Matthew Rhodes-Kropf. Bay Partners (B) (Abridged). Harvard Business School Case (2013) [5]. Rhodes-Kropf, Matthew, and Nathaniel Burbank. Brazos Partners and the Tri-Northern Exit. Harvard Business School Case (2013) [26]. Rhodes-Kropf, Matthew, and Nathaniel Burbank. Brazos Partners and the Tri-Northern Exit (TN). Harvard Business School teaching note (2014) [11]. Lerner, Josh, Matthew Rhodes-Kropf, and Nathaniel Burbank. The Canada Pension Plan Investment Board: October Harvard Business School Case (2012, rev. 2013) [27]. Lerner, Josh, Matthew Rhodes-Kropf, and Nathaniel Burbank. The Canada Pension Plan Investment Board: October 2012 (TN). Harvard Business School teaching note (2014) [14]. Rhodes-Kropf, Matthew, Ann Leamon, and Lisa Strope. Hardina Smythe and the Healthcare Investment Conundrum. Harvard Business School Case (2011) [14]. Rhodes-Kropf, Matthew. Hardina Smythe and the Healthcare Investment Conundrum (TN). Harvard Business School Case (2014) [12]. Page 5 of 8

6 Rhodes-Kropf, Matthew, and Carin-Isabel Knoop. Investcorp and the Moneybookers Bid. Harvard Business School Case (2011, rev. 2013) [15]. Rhodes-Kropf, Matthew, and Annelena Lobb. Investcorp and the Moneybookers Bid (TN). Harvard Business School teaching note (2014) [14] Rhodes-Kropf, Matthew. Investcorp and the Moneybookers Bid Spreadsheet Supplement (CW). Harvard Business School Spreadsheet Supplement (2014) [4] Lerner, Josh, G. Felda Hardymon, Matthew Rhodes-Kropf, Ann Leamon, and Lisa Strope. VCPE Strategy Vignettes I. Harvard Business School Compilation (2010) [5]. Lerner, Josh, G. Felda Hardymon, Matthew Rhodes-Kropf, Ann Leamon, and Lisa Strope. VCPE Strategy Vignettes II. Harvard Business School Compilation (2010) [6]. Lerner, Josh, Felda Hardymon, Matthew Rhodes-Kropf, Ann Leamon, and Lisa Strope. VCPE Strategy Vignettes: Harvard Business School Compilation (2011) [8]. Rhodes-Kropf, Matthew, and Nathaniel Burbank. VCPE Strategy Vignettes I, II and 2012 (TN). Harvard Business School Compilation teaching note (2014) [18]. Rhodes-Kropf, Matthew, and Ann Leamon. Grove Street Advisors: September Harvard Business School Case (2009, rev. 2010) [24]. Rhodes-Kropf, Matthew, and Ann Leamon. Grove Street Advisors: September 2009 (TN). Harvard Business School Teaching Note (2011) [18]. Rhodes-Kropf, Matthew, and Ann Leamon. Avid Radiopharmaceuticals and Lighthouse Capital Partners. Harvard Business School Case (2009, rev. 2010) [15]. Rhodes-Kropf, Matthew, and Ann Leamon. Avid Radiopharmaceuticals and Lighthouse Capital Partners (TN). Harvard Business School Teaching Note (2011) [16]. Rhodes-Kropf, Matthew. Avid Radiopharmaceuticals and Lighthouse Capital Partners Spreadsheet Supplement (CW). Harvard Business School Spreadsheet Supplement (2011) [3]. Rhodes-Kropf, Matthew, and Ann Leamon. Avid Radiopharmaceuticals: the Venture Debt Question. Harvard Business School Case (2009) [21]. Hardymon, G. Felda, Matthew Rhodes-Kropf, and Ann Leamon. Milliway Capital & Martin Smith: November Harvard Business School Case (2009) [14]. Lerner, Josh, Matthew Rhodes-Kropf, and Ann Leamon. Iris Running Crane: December Harvard Business School Case (2009 rev. 2013) [17]. Lerner, Josh, Matthew Rhodes-Kropf, and Ann Leamon. Iris Running Crane: December 2009 (TN). Harvard Business School Teaching Note (2011) [15]. Working Papers: Ewens, M., M. Rhodes-Kropf and Ilya Strebulaev (2015), Inside Rounds and VC Returns. Nanda, R and M. Rhodes-Kropf (2014), Innovation Policies. Presented at Carnegie Mellon University, and MIT Page 6 of 8

7 Ewens, M., R. Nanda, and M. Rhodes-Kropf (2013), Entrepreneurship and the Cost of Experimentation. Harford, J., M. Martos-Vila, and M. Rhodes-Kropf (2013), Corporate Financial Policies in Overvalued Credit Markets. Harvard Business School Working Paper, No Kadyrzhanova, D. and M. Rhodes-Kropf (2013), Governing Misvalued Firms. Presented at USC, UNLV, The Financial Intermediation Research Society (FIRS) Conference, Society for Financial Studies (SFS) Cavalcade, University of Exeter, Imperial College, Harvard University, University of Warwick, INSEAD, Norwegian School of Economics, Korea Advanced Institute of Science and Technology (KAIST), Hong Kong University of Science and Technology (HKUST), National University of Singapore Business School, the Conference on Empirical Legal Studies (CELS), the Research Institute of Industrial Economics (Stockholm, Sweden), University of Bergen, Brandeis University, and Bristol/MBS Corporate Finance Conference, University of Utah Summarized on HBS Working Knowledge, and by strategy+business Martos-Vila, M. and J. Harford and M. Rhodes-Kropf (2012), Financial vs. Strategic Buyers. Revise and resubmit, Journal of Financial and Quantitative Analysis Presented at UC Davis - Symposium on Financial Institution, American Finance Association, London Business School - Private Equity Findings Symposium, WHU - Campus for Finance conference (Best Paper award), Western Finance Association and European Finance Association. Rhodes-Kropf, M. and I. Strebulaev (2011). Finance Theory Referee Reports Presented at the Financial Theory Group meeting RECENT PROFESSIONAL SERVICE: Editorial Board: Journal of Applied Finance Journal of Banking and Finance Journal of Financial Intermediation Conference Organizer: Financial Theory Group held at Harvard Business School Fellow: Program Committee: The Center for Corporate Governance Conference European Finance Association meetings Page 7 of 8

8 HBS Venture Capital Conference Kaufmann Entrepreneurial Finance and Innovation Conference Society for Financial Studies Cavalcade The Center for Corporate Governance Conference Western Finance Association meetings Referee for papers at: American Economic Journal American Economic Review Economic Inquiry Finance Research Letters Financial Management Review Financial Management The Financial Review International Economic Review Journal of Banking and Finance The Journal of Business Journal of Business and Economic Statistics Journal of Economic Theory Journal of Economics and Business Journal of Economics and Management Strategy Journal of Economics and Management Strategy Journal of Finance Journal of Financial and Quantitative Analysis Journal of Financial Economics Journal of Financial Intermediation Journal of Financial Management Journal of Financial Markets Journal of Institutional and Theoretical Economics Journal of Institutional and Theoretical Economics Journal of International Money and Finance Journal of Political Economy Management Science National Science Foundation Nature The Quarterly Journal of Economics Quarterly Review of Economics and Finance RAND Journal of Economics The Review of Corporate Finance Studies The Review of Financial Studies Southern Economic Journal Page 8 of 8