David Alexandre Sraer

University of California, Berkeley

Associate Professor

310 Barrows Hall

Berkeley, CA 94720

United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

Centre for Economic Policy Research (CEPR)

London

United Kingdom

SCHOLARLY PAPERS

28

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Top 3,298

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20,478

SSRN CITATIONS
Rank 641

SSRN RANKINGS

Top 641

in Total Papers Citations

1,854

CROSSREF CITATIONS

395

Scholarly Papers (28)

1.
Downloads 3,697 ( 5,821)
Citation 73

Speculative Betas

Journal of Finance, Forthcoming
Number of pages: 84 Posted: 03 Dec 2011 Last Revised: 21 Nov 2015
Harrison G. Hong and David Alexandre Sraer
Columbia University, Graduate School of Arts and Sciences, Department of Economics and University of California, Berkeley
Downloads 3,601 (5,975)
Citation 5

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Speculative Betas

NBER Working Paper No. w18548
Number of pages: 51 Posted: 20 Nov 2012 Last Revised: 08 Mar 2023
Harrison G. Hong and David Alexandre Sraer
Columbia University, Graduate School of Arts and Sciences, Department of Economics and University of California, Berkeley
Downloads 96 (511,109)
Citation 50

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2.
Downloads 1,890 (16,921)
Citation 11

How to Use Natural Experiments to Measure Misallocation

Number of pages: 56 Posted: 12 Jan 2018 Last Revised: 08 Feb 2021
David Alexandre Sraer and David Thesmar
University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,789 (18,162)

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firm-level experriments; aggregation; misallocation; distorsions

A Sufficient Statistics Approach for Aggregating Firm-Level Experiments

NBER Working Paper No. w24208
Number of pages: 38 Posted: 17 Jan 2018 Last Revised: 23 Feb 2023
David Alexandre Sraer and David Thesmar
University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 100 (497,247)
Citation 2

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A Sufficient Statistics Approach for Aggregating Firm-Level Experiments

CEPR Discussion Paper No. DP12592
Number of pages: 40 Posted: 16 Jan 2018
David Alexandre Sraer and David Thesmar
University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1 (1,195,424)
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3.

Quantifying Reduced-Form Evidence on Collateral Constraints

Number of pages: 74 Posted: 05 Jun 2016 Last Revised: 15 Mar 2021
University of Pennsylvania - Finance Department, SciencesPo - Sciences Po - Department of Economics, The Chinese University of Hong Kong, Shenzhen, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,501 (24,185)
Citation 17

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Structural model, Financing Constraint, Aggregate Implications

4.
Downloads 1,444 (25,609)
Citation 33

Quiet Bubbles

Number of pages: 44 Posted: 22 Feb 2011 Last Revised: 21 Nov 2011
Harrison G. Hong and David Alexandre Sraer
Columbia University, Graduate School of Arts and Sciences, Department of Economics and University of California, Berkeley
Downloads 1,403 (26,274)
Citation 3

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Bubbles, Financial Crisis, Sub-Prime Mortgage Securities, Credit

Quiet Bubbles

NBER Working Paper No. w18547
Number of pages: 43 Posted: 20 Nov 2012 Last Revised: 06 Mar 2023
Harrison G. Hong and David Alexandre Sraer
Columbia University, Graduate School of Arts and Sciences, Department of Economics and University of California, Berkeley
Downloads 41 (801,029)
Citation 6

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5.

Banks' Exposure to Interest Rate Risk and the Transmission of Monetary Policy

Number of pages: 72 Posted: 19 Feb 2013 Last Revised: 24 Mar 2020
Matthieu Gomez, Augustin Landier, David Alexandre Sraer and David Thesmar
Columbia University, Graduate School of Arts and Sciences, Department of Economics, HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,345 (28,389)
Citation 4

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Interest rate risk, monetary policy, bank lending

6.

Growth LBOs

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 42 Posted: 06 Mar 2009 Last Revised: 28 Sep 2012
Quentin Boucly, David Alexandre Sraer and David Thesmar
affiliation not provided to SSRN, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,015 (42,684)
Citation 47

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LBO, Employment, Financial Constraints

Performance and Behavior of Family Firms: Evidence from the French Stock Market

ECGI - Finance Working Paper No. 130/2006
Number of pages: 65 Posted: 06 Sep 2006
David Alexandre Sraer and David Thesmar
University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 828 (55,637)
Citation 156

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Family firms, management style, corporate performance

Performance and Behavior of Family Firms: Evidence from the French Stock Market

Number of pages: 41 Posted: 21 Sep 2004
David Alexandre Sraer and David Thesmar
University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 46 (763,635)
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Family firms, management style, corporate performance

8.

The Risk-Shifting Hypothesis: Evidence from Subprime Originations.

AFA 2012 Chicago Meetings Paper
Number of pages: 48 Posted: 17 Mar 2011 Last Revised: 03 Jun 2015
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 796 (59,630)
Citation 4

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Risk Shifting, Subprime Mortgages, Monetary Tightening, Real Estate Risk

9.

Can Unemployment Insurance Spur Entrepreneurial Activity? Evidence from France

HEC Paris Research Paper No. FIN-2013-1020
Number of pages: 81 Posted: 23 Sep 2013 Last Revised: 21 Jul 2019
Johan Hombert, Antoinette Schoar, David Alexandre Sraer and David Thesmar
HEC Paris - Finance Department, Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 747 (64,893)
Citation 17

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Entrepreneurship; Unemployment Insurance; Crowding Out

10.
Downloads 733 (66,643)
Citation 135

Housing Collateral and Entrepreneurship

Journal of Finance, Forthcoming
Number of pages: 36 Posted: 22 Dec 2014 Last Revised: 20 Nov 2015
Martin C. Schmalz, Martin C. Schmalz, David Alexandre Sraer and David Thesmar
CEPRUniversity of Oxford - Finance, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 644 (77,564)
Citation 1

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Collateral; Entrepreneurship; Real estate

Housing Collateral and Entrepreneurship

NBER Working Paper No. w19680
Number of pages: 44 Posted: 28 Nov 2013 Last Revised: 10 Apr 2023
Martin C. Schmalz, Martin C. Schmalz, David Alexandre Sraer and David Thesmar
CEPRUniversity of Oxford - Finance, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 89 (537,058)
Citation 105

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11.

The Effects of Mandatory Profit-Sharing on Workers and Firms: Evidence from France

Chicago Booth Research Paper No. 24-19, Fama-Miller Working Paper
Number of pages: 88 Posted: 25 Jun 2023 Last Revised: 19 Jun 2024
Elio Nimier-David, David Alexandre Sraer and David Thesmar
University of Chicago - Booth School of Business, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 731 (66,879)

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profit-sharing; productivity; wage-setting; investment

A Quantitative Analysis of Distortions in Managerial Forecasts

Number of pages: 65 Posted: 14 Jun 2018 Last Revised: 20 Feb 2024
Yueran Ma, Tiziano Ropele, David Alexandre Sraer and David Thesmar
University of Chicago - Booth School of Business, Bank of Italy, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 536 (98,552)

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Expectation Formation; Misallocation; Corporate Investment

A Quantitative Analysis of Distortions in Managerial Forecasts

Bank of Italy Temi di Discussione (Working Paper) No. 1305
Number of pages: 68 Posted: 10 Dec 2020
Tiziano Ropele, Yueran Ma, David Alexandre Sraer and David Thesmar
Bank of Italy, University of Chicago - Booth School of Business, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 127 (415,851)

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expectation formation, misallocation, corporate investment

A Quantitative Analysis of Distortions in Managerial Forecasts

NBER Working Paper No. w26830
Number of pages: 54 Posted: 09 Mar 2020 Last Revised: 24 Apr 2022
Yueran Ma, Tiziano Ropele, David Alexandre Sraer and David Thesmar
University of Chicago - Booth School of Business, Bank of Italy, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 62 (663,015)

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13.
Downloads 668 (74,895)
Citation 101

Individual Investors and Volatility

Journal of Finance, Forthcoming, AFA 2009 San Francisco Meetings Paper
Number of pages: 75 Posted: 17 Mar 2008 Last Revised: 13 Mar 2013
Thierry Foucault, David Alexandre Sraer and David Thesmar
HEC Paris - Finance Department, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 664 (74,490)
Citation 9

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Idiosyncratic Volatility, Retail Trading, Noise Trading

Individual Investors and Volatility

CEPR Discussion Paper No. DP6915
Number of pages: 47 Posted: 20 Aug 2008
Thierry Foucault, David Alexandre Sraer and David Thesmar
HEC Paris - Finance Department, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 4 (1,165,899)
Citation 41
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Idiosyncratic volatility, Noise trading, Retail investors

14.

Inflation Bets on the Long Bond

Review of Financial Studies, Volume 30, Issue 3, 1 March 2017
Number of pages: 85 Posted: 14 Jul 2014 Last Revised: 06 May 2018
Harrison G. Hong, David Alexandre Sraer and Jialin Yu
Columbia University, Graduate School of Arts and Sciences, Department of Economics, University of California, Berkeley and Hong Kong University of Science & Technology (HKUST) - Department of Finance
Downloads 581 (89,224)
Citation 2

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Bond Prices, Term Structure of Interest Rates, Shorting Frictions, Lending Fees, Speculation, Disagreement

15.
Downloads 548 (96,052)
Citation 12

Banking Integration and House Price Comovement

HEC Paris Research Paper No. FIN-2013-1023
Number of pages: 57 Posted: 30 Oct 2013 Last Revised: 24 Nov 2017
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 500 (106,344)
Citation 10

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Banks; House price comovement; Financial Integration

Banking Integration and House Price Comovement

ESRB: Working Paper Series No. 2017/48
Number of pages: 59 Posted: 05 Nov 2020
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 48 (749,779)
Citation 1

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comovement, financial integration, house prices

Banking Integration and House Price Comovement

CEPR Discussion Paper No. DP9754
Number of pages: 54 Posted: 25 Nov 2013
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
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comovement, financial integration, house prices

Banking Integration and House Price Comovement

CEPR Discussion Paper No. DP10295
Posted: 23 Jan 2015
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 0
Citation 1
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banking deregulation, comovement, real estate

16.
Downloads 153 (113,158)
Citation 27

Bottom-Up Corporate Governance

NYU Working Paper No. CLB-06-007
Number of pages: 48 Posted: 31 Oct 2008
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 126 (418,415)

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Bottom-Up Corporate Governance

CEPR Discussion Paper No. 5500
Number of pages: 52 Posted: 23 May 2006
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 27 (922,235)
Citation 6
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Corporate governance, corporate performance, acquisition, executives

The Collateral Channel: How Real Estate Shocks Affect Corporate Investment

Number of pages: 34 Posted: 24 Jan 2011 Last Revised: 13 Mar 2013
Thomas Chaney, David Alexandre Sraer and David Thesmar
SciencesPo - Sciences Po - Department of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 311 (182,359)
Citation 265

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Corporate investment, Real estate, Collateral

The Collateral Channel: How Real Estate Shocks Affect Corporate Investment

NBER Working Paper No. w16060
Number of pages: 30 Posted: 07 Jun 2010 Last Revised: 21 May 2023
Thomas Chaney, David Alexandre Sraer and David Thesmar
SciencesPo - Sciences Po - Department of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 138 (389,309)

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18.
Downloads 438 (125,809)
Citation 78

Are Retail Traders Compensated for Providing Liquidity?

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 48 Posted: 23 Jun 2014 Last Revised: 14 Oct 2015
Jean-Noel Barrot, Jean-Noel Barrot, Ron Kaniel and David Alexandre Sraer
HEC ParisHEC Paris, University of Rochester - Simon Business School and University of California, Berkeley
Downloads 438 (124,493)
Citation 4

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retail investor behavior, return predictability, liquidity provision

Are Retail Traders Compensated for Providing Liquidity?

CEPR Discussion Paper No. DP10285
Number of pages: 57 Posted: 08 Dec 2014
Jean-Noel Barrot, Jean-Noel Barrot, Ron Kaniel and David Alexandre Sraer
HEC ParisHEC Paris, University of Rochester - Simon Business School and University of California, Berkeley
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financial crisis, individual investor, liquidity, retail investor

Are Retail Traders Compensated for Providing Liquidity?

CEPR Discussion Paper No. DP10820
Number of pages: 49 Posted: 16 Sep 2015
Jean-Noel Barrot, Jean-Noel Barrot, Ron Kaniel and David Alexandre Sraer
HEC ParisHEC Paris, University of Rochester - Simon Business School and University of California, Berkeley
Downloads 0
Citation 68
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crisis, liquidity, retail investors

19.

Response to Welch (2020): Real Estate Collateral Does Affect Corporate Investment

Number of pages: 21 Posted: 08 Jun 2020
Thomas Chaney, David Alexandre Sraer and David Thesmar
SciencesPo - Sciences Po - Department of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 417 (133,147)

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Corporate Investment, Collateral Channel

20.

Financial Advisors and Investors’ Bias

Number of pages: 72 Posted: 27 Jan 2024 Last Revised: 19 Mar 2024
Marianne Andries, Maxime Bonelli and David Alexandre Sraer
University of Southern California, London Business School - Department of Finance and University of California, Berkeley
Downloads 398 (140,929)

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financial advisors, behavioral finance, disposition effect, investor behavior, salience, attention, household finance

21.
Downloads 375 (150,133)
Citation 41

The Banking View of Bond Risk Premia

Journal of Finance, Forthcoming
Number of pages: 79 Posted: 02 Nov 2018 Last Revised: 07 Oct 2019
Valentin Haddad and David Alexandre Sraer
University of California, Los Angeles (UCLA) - Anderson School of Management and University of California, Berkeley
Downloads 354 (158,806)
Citation 6

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The Banking View of Bond Risk Premia

NBER Working Paper No. w26369
Number of pages: 80 Posted: 14 Oct 2019 Last Revised: 21 Jul 2023
Valentin Haddad and David Alexandre Sraer
University of California, Los Angeles (UCLA) - Anderson School of Management and University of California, Berkeley
Downloads 21 (983,466)

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The Banking View of Bond Risk Premia

CEPR Discussion Paper No. DP14207
Number of pages: 82 Posted: 14 Jan 2020
Valentin Haddad and David Alexandre Sraer
University of California, Los Angeles (UCLA) - Anderson School of Management and University of California, Berkeley
Downloads 0
Citation 38
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Robustness Checks in Structural Analysis

MIT Sloan Research Paper No. 6799-22, Jacobs Levy Equity Management Center for Quantitative Financial Research Paper
Number of pages: 55 Posted: 22 Sep 2022 Last Revised: 14 Feb 2023
Sylvain Catherine, Mehran Ebrahimian, David Alexandre Sraer and David Thesmar
University of Pennsylvania - Finance Department, Stockholm School of Economics - Finance Department, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 348 (162,244)

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structural estimation; robustness; computational methods

Robustness Checks in Structural Analysis

NBER Working Paper No. w30443
Number of pages: 59 Posted: 12 Sep 2022 Last Revised: 14 Apr 2023
Sylvain Catherine, Mehran Ebrahimian, David Alexandre Sraer and David Thesmar
University of Pennsylvania - Finance Department, Stockholm School of Economics - Finance Department, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 21 (983,466)

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23.

Optimal Dissent in Organizations

Number of pages: 34 Posted: 18 Nov 2005
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 214 (266,306)
Citation 35

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Organization Design, Corporate Governance, Authority

24.

The Welfare Benefits of Pay-As-You-Go Financing

Olin Business School Center for Finance & Accounting Research Paper No. 2023/15
Number of pages: 70 Posted: 01 Dec 2023
Paul Gertler, Brett Green, Renping Li and David Alexandre Sraer
University of California, Berkeley, Washington University in St. Louis - John M. Olin Business School, Washington University in St. Louis - John M. Olin Business School and University of California, Berkeley
Downloads 171 (327,315)

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FinTech, Collateral, Lockout, Consumer Credit, Maturity Choice, Technology Adoption

Banks' Exposure to Interest Rate Risk and the Transmission of Monetary Policy

NBER Working Paper No. w18857
Number of pages: 40 Posted: 01 Mar 2013 Last Revised: 12 Jul 2023
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 72 (611,052)
Citation 2

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Banks' Exposure to Interest Rate Risk and the Transmission of Monetary Policy

ESRB: Working Paper Series No. 2016/13
Number of pages: 62 Posted: 05 Nov 2020
Matthieu Gomez, Augustin Landier, David Alexandre Sraer and David Thesmar
Columbia University, Graduate School of Arts and Sciences, Department of Economics, HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 69 (625,895)
Citation 51

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interest rate risk, monetary policy, bank lending

Banks Exposure to Interest Rate Risk and the Transmission of Monetary Policy

CEPR Discussion Paper No. DP10300
Number of pages: 43 Posted: 23 Jan 2015
Augustin Landier, David Alexandre Sraer and David Thesmar
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1 (1,195,424)
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bank lending, interest rate risk, monetary policy

Can Unemployment Insurance Spur Entrepreneurial Activity?

NBER Working Paper No. w20717
Number of pages: 70 Posted: 01 Dec 2014 Last Revised: 09 Feb 2023
Johan Hombert, Antoinette Schoar, David Alexandre Sraer and David Thesmar
HEC Paris - Finance Department, Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 48 (749,779)
Citation 1

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Can Unemployment Insurance Spur Entrepreneurial Activity?

CEPR Discussion Paper No. DP10294
Number of pages: 71 Posted: 23 Jan 2015
Johan Hombert, Antoinette Schoar, David Alexandre Sraer and David Thesmar
HEC Paris - Finance Department, Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1 (1,195,424)
Citation 5
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Crowding out, Entrepreneurship, Unemployment

27.

The Effects of Mandatory Profit-Sharing on Workers and Firms: Evidence from France

NBER Working Paper No. w31804
Number of pages: 79 Posted: 23 Oct 2023 Last Revised: 04 Nov 2023
Elio Nimier-David, David Alexandre Sraer and David Thesmar
University of Chicago, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 8 (1,086,033)
Citation 1
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28.

How to Use Microdata for Macro-Finance

Annual Review of Financial Economics, Vol. 15, pp. 387-406, 2023
Posted: 07 Nov 2023
David Alexandre Sraer and David Thesmar
University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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