Steven Kaplan
Steven Neil Kaplan is the Neubauer Family Professor of Entrepreneurship and Finance at the University of Chicago Booth School of Business. He conducts research on issues in private equity, venture capital, entrepreneurial finance, corporate governance and corporate finance. He has published papers in a number of academic and business journals. He has testified to the U.S. Senate Finance Committee and the U.S. House Financial Services Committee about his research. Kaplan is a research associate at the National Bureau of Economic Research and an associate editor of the Journal of Financial Economics. Kaplan teaches advanced MBA and executive courses in entrepreneurial finance and private equity, corporate finance, corporate governance, and wealth management. BusinessWeek named him one of the top 12 business school teachers in the country. Professor Kaplan has been a member of the Chicago Booth faculty since 1988 and co-founded the entrepreneurship program at Booth.
Friedman 50 Years Later
The Enduring Wisdom of Milton Friedman
Steven Kaplan: Shareholder value maximization has been extremely successful globally in the way that matters most because, in many cases, maximizing shareholder...
Corporate Governance
The SEC Proposal on Proxy Advisory Firms Will Provide Greater Transparency and Accountability
Proxy advisory firms lack transparency and their recommendations are not always in shareholders' interests. However, despite their poor performance, the two biggest firms' market...
Rent seeking
(God Knows) Wall Street Isn’t Perfect, But It Has Helped Make the World A Lot Better Off
If the criticisms against Wall Street had been accurate, the U.S. corporate sector today would be ailing. Instead, corporate profits are at historical highs...
Latest news
Antitrust and Competition
The ACCC’s News Media Bargaining Code: Experimenting with “Decentralized Regulation” of Dominant Digital Platforms
The Australian Competition and Consumer Commission recently proposed a mandatory bargaining code to govern negotiations between digital platforms like Google and Facebook...
Friedman 50 Years Later
Market Forces Already Address ESG Issues and the Issues Raised by Stakeholder Capitalism
Eugene Fama: When do market forces push firms toward stakeholder goals, rather than just shareholder goals? When do market forces push firms...
Capitalisn't
Capitalisn’t Is Back: Can Economists and Journalists Work Together to Improve Capitalism?
Is capitalism the engine of prosperity, or is it the engine of destruction? On this podcast, we talk about the ways capitalism...
Friedman 50 Years Later
Missing in Today’s Shareholder Value Maximization Credo: The Shareholders
Luca Enriques: Today’s corporate world is very different from the one Milton Friedman wrote in. In a world where the question of...
Antitrust and Competition
Australia’s News Media and Digital Platforms Bargaining Code is Great Politics But Questionable Economics
If the Australian government wants to subsidize high-quality journalism then it should, well, subsidize high-quality journalism. The new proposed ACCC code would...
Friedman 50 Years Later
Which Problems Should Companies Try to Solve?
Sanjai Bhagat, R. Glenn Hubbard: It is true that capitalism needs to be inclusive in its benefits, but 50 years on, Friedman’s...
Media
Bethany McLean’s Weekend Reading List: Wirecard, Covid-Overwhelmed Hospitals, and Plastic
Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.
