Eli Talmor

Emeritus Professor of Accounting

BSc (Technion) PhD (North Carolina at Chapel Hill)

Founder of Private Equity at LBS, Professor Eli Talmor is co-author of Private Capital, broadly considered to be the reference book on the private equity industry. He is frequently invited to deliver keynote speeches to business executives worldwide, testified at the UK Parliament on private equity and advised the UK Prime Minister’s Office.

He served on the London Business School Board of Governors and the advisory board of the African Venture Capital Association. He also practices venture capital and is a serial cornerstone investor with multiple exits.

Before joining the London Business School, he was on the finance faculty at the University of California (UCLA and Irvine), Tel Aviv University and the Wharton School (University of Pennsylvania).

Private equity and venture capital

2019

The private equity challenge to corporate finance

Talmor E

London Business School Review 2019

2018

Private equity: rethinking the neoclassical axioms of capital markets

Talmor E

Journal of Alternative Investments 2018 Vol 21:2 p 10-15

2016

Liquidity runway and horizon of disappointment – Business model of venture lending funds

Hesse M; Lutz E; Talmor E

Journal of Alternative Investments 2016 Vol 19:2 p 28-37

2014

Risk management practices at private equity firms

Talmor E; Vasvari F

Adveq Research Series report 2014

The extent and evolution of pension funds' private equity allocations

Talmor E; Vasvari F

Adveq Research Series report 2014

2013

Replicating the investment strategy of buyout funds based in the United Kingdom with public-market investments

Gottschalg O; Hadass L; Talmor E; Vasvari F

Journal of Alternative Investments 2013 Vol 16:2 p 71-79

2011

Do customer acquisition cost, retention and usage matter to firm performance and valuation?

Talmor E; Livne G; Simpson A

Journal of Business Finance and Accounting 2011 Vol 38:3-4 p 334-363

2007

A theory of private equity turnarounds

Talmor E

Journal of Corporate Finance 2007 Vol 13:4 p 629-646

2006

Examination of multiple governance forces within bank holding companies

Talmor E; Sierra G; Wallace J S

Journal of Financial Services Research 2006 Apr Vol 29:2 p 105-123

2004

Corporate governance and theories of executive pay

Talmor E; Pukthuanthong K; Wallace J S

Corporate Ownership and Control 2004 Winter Vol 1:2 p 94-105

2001

Comment on 'The role of book income, web traffic, and supply and demand in the pricing of US internet stocks'

Talmor E

European Finance Review 2001 Vol 5:3 p 319-321

1999

Investigating pay for performance using the Standard and Poor's execucomp database

Talmor E; Wallace J S

American Compensation Association Journal 1999 2nd Quarter p 41-49

Managerial bargaining power in the determination of compensation contracts and corporate investment

Talmor E; Stoughton N M

International Economic Review 1999 Feb Vol 40:1 p 69-83

1998

Computer industry executives: an analysis of the new barons' compensation

Talmor E; Wallace J S

Information Systems Research 1998 Dec Vol 9:4 p 398-414

International perspective of executive remuneration and new approaches

Talmor E; Bar Yosef S

Israeli Accounting Review 1998 Vol 47 p 149-159

1997

In defense of defensive measures

Talmor E; Sarig O

Journal of Corporate Finance 1997 Jun Vol 3:3 p 277-297

Performance and corporate control: what motivates CEOs and other top executives in Israel?

Talmor E; Bar Yosef S

Economic Quarterly 1997 Jun p 171-192

1995

Heterogeneous taxation of capital income

Talmor E; Benninga S; Mayshar J

Public Finance = Finances Publiques 1995 Vol 50 p 19-35

Managerial compensation and corporate performance: an analysis of the Israeli industrial sector 1991-1994

Talmor E; Bar Yosef S

Executive 1995 Aug-Sep Vol 8 p 6-14

1994

Mechanism design approach to transfer pricing by the multinational firm

Talmor E; Stoughton N M

European Economic Review 1994 Jan Vol 38:1 p 143-170

1992

Technology, dependent investments and discounting rules for corporate investment decisions

Talmor E; Thompson H E

Managerial and Decision Economics 1992 Mar/Apr Vol 13:2 p 101-109

1991

Effect of volatility changes on the level of stock prices and subsequent expected returns

Talmor E; Haugen R A; Torous W N

Journal of Finance 1991 Jul Vol 46:3 p 985-1007

1990

Taxes and dividend policy

Talmor E; Titman S

Financial Management 1990 Summer Vol 19:2 p 32-35

1989

Irrelevancy of corporate taxes for capital structure and investment decisions

Talmor E; Litzenberger R H

Journal of Accounting, Auditing and Finance 1989 Summer Vol 4:3 p 305-316

Tax arbitrage restrictions and financial leverage clienteles

Talmor E

Journal of Banking and Finance 1989 Dec Vol 13:6 p 831-838

1988

1987

Debt and taxes: a multiperiod investigation

Talmor E; Barnea A; Haugen R A

Journal of Banking and Finance 1987 Mar Vol 11:1 p 79-97

1986

1985

1984

Determination of corporate optimal capital structure under value maximization and informational asymmetry

Talmor E

Journal of Economics and Business 1984 Feb Vol 36:1 p 65-75

1982

Managerial objective functions: comment

Talmor E; Harris R S

Southern Economic Journal 1982 Jan Vol 48:3 p 802-811

1981

Assymetric information, signaling and optimal corporate financial decisions

Talmor E

Journal of Financial and Quantitative Analysis 1981 Nov Vol 16:4 p 413-435

1980

Normative approach to bank capital adequacy

Talmor E

Journal of Financial and Quantitative Analysis 1980 Nov Vol 15:4 p 785-811

2015

The effect of venture capital reputation in venture lending contracts

Hesse M; Lutz E; Talmor E

Working Paper

2013

Liquidity in the secondaries private equity market

Kleymenova A; Talmor E; Vasvari F

Rotterdam School of Management,

2011

Private equity fund level return attribution: evidence from UK based buyout funds

Gottschalg O; Talmor E; Vasvari F P

Coller Institute of Private Equity Working Paper

2001

Unified analysis of executive pay: the case of the financial sector

Talmor E; Wallace J S

Accounting Working Paper

Value relevance of financial and non-financial information in emerging industries: the changing role of web traffic data

Talmor E; Jorion P

Accounting Working Paper

2019

Private capital: private equity and beyond : volumes I & II

Vasvari F; Talmor E

Private Capital Advisory, 2019

2011

International private equity

Talmor E; Vasvari F

John Wiley and Sons, 2011.

2004

Introduction to finance. 2nd ed.

Talmor E; Sharoni I

Dionon Press, 2004

2003

Introduction to finance

Talmor E; Sharoni I

Dionon Press, 2003

2000

Principles of finance: text and problems. 3rd ed.

Talmor E

Dionon Press, 2000

1999

Executive stock option plans in Israel: the accounting treatment and current practices

Talmor E; Bar Yosef S

Kasierer Institute for Research in Accounting, 1999

Teaching portfolio

Our teaching offering is updated annually. Faculty and programme material are subject to change.

Masters Degrees electives

Optional courses providing a deep dive into specialist areas.
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Private Equity & Venture Capital

This course covers the main concepts, techniques, instruments and institutions involved in the private equity investment. We present a broad set of deals to gain familiarity with the private equity investment model and the opportunities set. Specific themes include: the structure and strategy of the private equity firm, valuation, financing, deal processing, and harvesting.
PROGRAMMES WITH THIS ELECTIVE

Executive MBA Dubai

Executive MBA London

EMBA-Global

MBA

Masters in Finance Full-time

Masters in Finance Part-time

LBS Sloan Masters in Leadership and Strategy
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Executive Education

Short programmes offering academic excellence, global focus and exceptional diversity of perspective.
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Masterclass in Private Equity

Masterclass in Private Equity
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Eli Talmor

Teaching portfolio

Masters Degrees electives

PROGRAMMES WITH THIS ELECTIVE

Executive Education