David Thesmar

Massachusetts Institute of Technology (MIT) - Sloan School of Management

100 Main Street

Cambridge, MA 02142

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

62

DOWNLOADS
Rank 1,045

SSRN RANKINGS

Top 1,045

in Total Papers Downloads

41,872

SSRN CITATIONS
Rank 314

SSRN RANKINGS

Top 314

in Total Papers Citations

2,611

CROSSREF CITATIONS

812

Scholarly Papers (62)

1.

The Excess Returns of 'Quality' Stocks: A Behavioral Anomaly

HEC Paris Research Paper No. FIN-2016-1134
Number of pages: 11 Posted: 18 Jan 2016 Last Revised: 27 Nov 2017
Capital Fund Management, Capital Fund Management, HEC, Capital Fund Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 2,972 (7,531)
Citation 4

Abstract:

Loading...

Quality anomaly, financial analysts misplaced focus, behavioral biases

2.
Downloads 2,829 ( 8,100)
Citation 89

Sticky Expectations and the Profitability Anomaly

Journal of Finance, Forthcoming, HEC Paris Research Paper No. FIN-2016-1136, Swiss Finance Institute Research Paper No. 16-60
Number of pages: 45 Posted: 07 Mar 2016 Last Revised: 03 May 2018
Capital Fund Management, University of Geneva - Geneva Finance Research Institute (GFRI), HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 2,828 (7,976)
Citation 11

Abstract:

Loading...

Stock market anomalies, Sticky expectations

Sticky Expectations and the Profitability Anomaly

CEPR Discussion Paper No. DP12528
Number of pages: 46 Posted: 02 Jan 2018
Capital Fund Management, University of Geneva - Geneva Finance Research Institute (GFRI), HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1 (1,092,784)
Citation 73
  • Add to Cart

Abstract:

Loading...

profitability anomaly, Sticky expectations

3.
Downloads 2,828 ( 8,103)
Citation 83

Stock Price Fragility

Harvard Business School Research Paper No. 1490734
Number of pages: 52 Posted: 21 Oct 2009 Last Revised: 13 Mar 2013
Robin M. Greenwood and David Thesmar
Harvard Business School - Finance Unit and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 2,638 (8,880)
Citation 5

Abstract:

Loading...

Stock Price Fragility

Number of pages: 46 Posted: 17 Mar 2010
Robin M. Greenwood and David Thesmar
Harvard Business School - Finance Unit and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 190 (271,330)
Citation 66

Abstract:

Loading...

non-fundamental risk, volatiltiy, comovement, destabilizing arbitrage

4.

The WACC Fallacy: The Real Effects of Using a Unique Discount Rate

Journal of Finance, Forthcoming, AFA 2012 Chicago Meetings Paper
Number of pages: 62 Posted: 21 Feb 2011 Last Revised: 18 Jul 2014
Philipp Krueger, Augustin Landier and David Thesmar
University of Geneva - Geneva Finance Research Institute (GFRI), HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 2,415 (10,388)
Citation 15

Abstract:

Loading...

capital budgeting, cost of capital, behavioral finance, investment

5.
Downloads 1,724 (17,799)
Citation 34

Earnings Expectations in the COVID Crisis

HEC Paris Research Paper No. FIN-2020-1377
Number of pages: 26 Posted: 09 Jun 2020 Last Revised: 30 Jul 2020
Augustin Landier and David Thesmar
HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,610 (19,403)
Citation 4

Abstract:

Loading...

Analyst Forecasts, Valuation, Discount rate

Earnings Expectations in the Covid Crisis

NBER Working Paper No. w27160
Number of pages: 28 Posted: 18 May 2020 Last Revised: 19 Mar 2023
Augustin Landier and David Thesmar
HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 114 (412,183)
Citation 32

Abstract:

Loading...

6.
Downloads 1,679 (18,537)
Citation 10

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 1,596 (19,675)

Abstract:

Loading...

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 82 (515,633)
Citation 2

Abstract:

Loading...

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 (1,092,784)
  • Add to Cart

Abstract:

Loading...

7.

The Capacity of Trading Strategies

HEC Paris Research Paper No. FIN-2015-1089
Number of pages: 50 Posted: 27 Mar 2015 Last Revised: 05 Feb 2019
London Business School - Department of Finance, HEC, Capital Fund Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,532 (21,325)
Citation 9

Abstract:

Loading...

trading costs, asset pricing anomalies, asset management, arbitrage

The Moral Preferences of Investors: Experimental Evidence

HEC Paris Research Paper No. FIN-2019-1350
Number of pages: 48 Posted: 02 Oct 2019 Last Revised: 05 Jan 2022
University of Toulouse 1 - Toulouse School of Economics Institute for Advanced Studies/Harvard Law School LWP, HEC, Federal Reserve Banks - Federal Reserve Bank of New York and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,413 (23,656)
Citation 8

Abstract:

Loading...

Socially Responsible Investing, Social Impact, Value Alignment, Deontology, Consequentialism

The Moral Preferences of Investors: Experimental Evidence

NBER Working Paper No. w29647
Number of pages: 43 Posted: 18 Jan 2022 Last Revised: 05 Jul 2023
University of Toulouse 1 - Toulouse School of Economics Institute for Advanced Studies/Harvard Law School LWP, HEC, Columbia Business School and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 57 (631,035)

Abstract:

Loading...

9.

Investor Horizons and Corporate Policies

Journal of Financial and Quantitative Analysis (JFQA), Forthcoming
Number of pages: 52 Posted: 21 Oct 2009 Last Revised: 09 Mar 2013
François Derrien, David Thesmar and Ambrus Kecskes
HEC Paris - Finance Department, Massachusetts Institute of Technology (MIT) - Sloan School of Management and York University - Schulich School of Business
Downloads 1,468 (22,738)
Citation 47

Abstract:

Loading...

Investor horizons, Institutional investors, Investment, Financing, Payouts, Mispricing, Market timing

10.

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 - School of Management and Economics and Shenzhen Finance Institute, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,421 (23,863)
Citation 18

Abstract:

Loading...

Structural model, Financing Constraint, Aggregate Implications

11.

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
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 1,306 (27,010)
Citation 4

Abstract:

Loading...

Interest rate risk, monetary policy, bank lending

12.
Downloads 1,293 (27,423)
Citation 18

CAPM-Based Company (Mis)valuations

Rotman School of Management Working Paper No. 3050928, HEC Paris Research Paper No. FIN-2017-1235
Number of pages: 90 Posted: 11 Oct 2017 Last Revised: 31 Oct 2019
INSEAD, HEC Paris - Finance Department, Singapore Management University - Lee Kong Chian School of Business and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,292 (27,000)
Citation 2

Abstract:

Loading...

Capital Budgeting, Valuation, Mergers and Acquisitions, Capital Asset Pricing Model

CAPM-Based Company (Mis)Valuations

CEPR Discussion Paper No. DP12526
Number of pages: 59 Posted: 02 Jan 2018
INSEAD, HEC Paris - Finance Department, Singapore Management University - Lee Kong Chian School of Business and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1 (1,092,784)
Citation 15
  • Add to Cart

Abstract:

Loading...

13.

Growth LBOs

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 42 Posted: 06 Mar 2009 Last Revised: 28 Sep 2012
affiliation not provided to SSRN, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 937 (43,515)
Citation 41

Abstract:

Loading...

LBO, Employment, Financial Constraints

14.

Financial Contracting with Optimistic Entrepreneurs: Theory and Evidence

AFA 2004 San Diego Meetings
Number of pages: 60 Posted: 20 Dec 2003
Augustin Landier and David Thesmar
HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 904 (45,696)
Citation 114

Abstract:

Loading...

15.
Downloads 874 (47,850)
Citation 77

The Real Effects of Bank Capital Requirements

HEC Paris Research Paper No. FIN-2013-988
Number of pages: 43 Posted: 05 Jul 2013 Last Revised: 18 Sep 2015
Henri Fraisse, Mathias LÉ and David Thesmar
Banque de France - Autorité de contrôle Prudentiel, Banque de France and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 762 (56,832)
Citation 31

Abstract:

Loading...

Bank capital ratios, Bank regulation, Credit supply

The Real Effects of Bank Capital Requirements

ESRB: Working Paper Series No. 2017/47
Number of pages: 45 Posted: 05 Nov 2020
Henri Fraisse, Mathias LÉ and David Thesmar
Banque de France - Autorité de contrôle Prudentiel, Banque de France and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 112 (417,699)
Citation 7

Abstract:

Loading...

bank capital ratios, bank regulation, credit supply

16.
Downloads 870 (48,141)
Citation 46

Wholesale Funding Dry-Ups

HEC Paris Research Paper
Number of pages: 66 Posted: 23 Nov 2015 Last Revised: 01 Mar 2017
HEC Paris - Finance Department, Massachusetts Institute of Technology (MIT) - Sloan School of Management and HEC Paris - Finance Department
Downloads 813 (52,128)
Citation 24

Abstract:

Loading...

wholesale funding, market freeze, certificates of deposits

Wholesale Funding Dry-Ups

ESRB: Working Paper Series No. 2017/49
Number of pages: 68 Posted: 05 Nov 2020
HEC Paris - Finance Department, Massachusetts Institute of Technology (MIT) - Sloan School of Management and HEC Paris
Downloads 57 (631,035)
Citation 5

Abstract:

Loading...

asymmetric information, market freezes, wholesale bank funding

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 798 (53,436)
Citation 146

Abstract:

Loading...

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 (696,846)
  • Add to Cart

Abstract:

Loading...

Family firms, management style, corporate performance

18.

Corporate Valuation: An Empirical Comparison of Discounting Methods

Number of pages: 65 Posted: 24 Apr 2021 Last Revised: 23 Jan 2023
Nicolas Hommel, Augustin Landier and David Thesmar
Princeton University, HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 800 (54,027)

Abstract:

Loading...

Valuation, Present Value Formula, ICC

19.
Downloads 784 (55,500)
Citation 44

Social Networks in the Boardroom

IZA Discussion Paper No. 1940
Number of pages: 53 Posted: 30 Jan 2006
Francis Kramarz and David Thesmar
National Institute of Statistics and Economic Studies (INSEE) - National School for Statistical and Economic Administration (ENSAE) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 727 (60,523)

Abstract:

Loading...

networks, corporate governance

Social Networks in the Boardroom

CEPR Discussion Paper No. 5496
Number of pages: 55 Posted: 23 May 2006
Francis Kramarz and David Thesmar
National Institute of Statistics and Economic Studies (INSEE) - National School for Statistical and Economic Administration (ENSAE) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 57 (631,035)
Citation 13
  • Add to Cart

Abstract:

Loading...

Social networks, corporate governance, board of directors

20.

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
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 759 (57,942)
Citation 4

Abstract:

Loading...

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

21.
Downloads 754 (58,460)
Citation 10

Biases in Expectations: Experimental Evidence

Number of pages: 41 Posted: 03 Oct 2017 Last Revised: 16 Feb 2020
Augustin Landier, Yueran Ma and David Thesmar
HEC, University of Chicago - Booth School of Business and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 753 (57,718)
Citation 12

Abstract:

Loading...

Expectation formation

New Experimental Evidence on Expectations Formation

CEPR Discussion Paper No. DP12527
Number of pages: 62 Posted: 02 Jan 2018
Augustin Landier, Yueran Ma and David Thesmar
HEC, University of Chicago - Booth School of Business and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1 (1,092,784)
Citation 1
  • Add to Cart

Abstract:

Loading...

Noise in Expectations: Evidence from Analyst Forecasts

Number of pages: 66 Posted: 06 Mar 2021 Last Revised: 24 Jul 2023
Tim de Silva and David Thesmar
Massachusetts Institute of Technology (MIT), Economics, Finance, Accounting (EFA), Students and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 682 (65,820)

Abstract:

Loading...

subjective expectations, noise, term structure of expectations, forecast bias, forecast noise, bounded rationality, machine learning

Noise in Expectations: Evidence from Analyst Forecasts

NBER Working Paper No. w28963
Number of pages: 45 Posted: 28 Jun 2021 Last Revised: 20 Feb 2022
Tim de Silva and David Thesmar
Massachusetts Institute of Technology (MIT), Economics, Finance, Accounting (EFA), Students and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 24 (870,907)
Citation 1

Abstract:

Loading...

23.

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
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 703 (64,192)
Citation 17

Abstract:

Loading...

Entrepreneurship; Unemployment Insurance; Crowding Out

24.

When Systematic Strategies Decay

Number of pages: 47 Posted: 18 May 2021 Last Revised: 01 Jul 2021
Antoine Falck, Adam Rej and David Thesmar
Capital Fund Management International Inc., Capital Fund Management International Inc. and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 688 (65,959)
Citation 7

Abstract:

Loading...

factor returns, arbitrage, overfitting

25.
Downloads 683 (66,608)
Citation 97

The Sovereign-Bank Diabolic Loop and Esbies

American Economic Review, Vol. 6, No. 5, May 2016, HEC Paris Research Paper No. FIN-2016-1133, Columbia Business School Research Paper No. 16-12
Number of pages: 14 Posted: 25 Jan 2016 Last Revised: 14 Jun 2016
Princeton University - Department of Economics, Centre for Economic Policy Research (CEPR)IE Business School, Trinity College (Dublin) - Department of Economics, CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF), London School of Economics & Political Science (LSE), Columbia Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Columbia University Graduate School of Business and London School of Economics
Downloads 623 (73,904)
Citation 9

Abstract:

Loading...

diabolic loop, sovereign debt crisis, government default, bank default, bailout, ESBies

The Sovereign-Bank Diabolic Loop and Esbies

NBER Working Paper No. w21993
Number of pages: 16 Posted: 15 Feb 2016 Last Revised: 04 Feb 2023
Princeton University - Department of Economics, Centre for Economic Policy Research (CEPR)IE Business School, Trinity College (Dublin) - Department of Economics, CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF), London School of Economics & Political Science (LSE), Columbia Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Columbia University Graduate School of Business and London School of Economics
Downloads 59 (620,066)
Citation 45

Abstract:

Loading...

The Sovereign-Bank Diabolic Loop and ESBies

CEPR Discussion Paper No. DP11317
Number of pages: 17 Posted: 13 Jun 2016
Princeton University - Department of Economics, Centre for Economic Policy Research (CEPR)IE Business School, Trinity College (Dublin) - Department of Economics, CSEF - University of Naples Federico II - Centre for Studies in Economics and Finance (CSEF), London School of Economics & Political Science (LSE), Columbia University, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Columbia University Graduate School of Business and London School of Economics
Downloads 1 (1,092,784)
Citation 31
  • Add to Cart

Abstract:

Loading...

bailout, bank default, diabolic loop, ESBies, government default, sovereign debt crisis

26.
Downloads 680 (67,004)
Citation 118

Housing Collateral and Entrepreneurship

Journal of Finance, Forthcoming
Number of pages: 36 Posted: 22 Dec 2014 Last Revised: 20 Nov 2015
CEPRUniversity of Oxford - Finance, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 614 (75,219)
Citation 1

Abstract:

Loading...

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
CEPRUniversity of Oxford - Finance, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 66 (584,862)
Citation 95

Abstract:

Loading...

27.
Downloads 672 (67,984)
Citation 180

Vulnerable Banks

Number of pages: 64 Posted: 20 Nov 2011 Last Revised: 13 Mar 2013
Harvard Business School - Finance Unit, HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 600 (77,427)
Citation 4

Abstract:

Loading...

systemic risk, deleveraging, liquidity

Vulnerable Banks

NBER Working Paper No. w18537
Number of pages: 46 Posted: 20 Nov 2012 Last Revised: 25 Feb 2023
Harvard Business School - Finance Unit, HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 72 (557,273)
Citation 56

Abstract:

Loading...

28.

Overreaction in Expectations: Evidence and Theory

HEC Paris Research Paper No FIN-2021-1444
Number of pages: 76 Posted: 18 Nov 2021 Last Revised: 06 Dec 2022
Columbia University, Harvard University, HEC, University of Chicago - Booth School of Business and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 636 (72,976)
Citation 14

Abstract:

Loading...

expectations, experiment, overreaction

29.
Downloads 632 (73,536)
Citation 89

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
HEC Paris - Finance Department, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 628 (73,150)
Citation 9

Abstract:

Loading...

Idiosyncratic Volatility, Retail Trading, Noise Trading

Individual Investors and Volatility

CEPR Discussion Paper No. DP6915
Number of pages: 47 Posted: 20 Aug 2008
HEC Paris - Finance Department, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 4 (1,068,481)
Citation 41
  • Add to Cart

Abstract:

Loading...

Idiosyncratic volatility, Noise trading, Retail investors

30.
Downloads 620 (75,265)
Citation 1

Private Sanctions

George J. Stigler Center for the Study of the Economy & the State Working Paper No. 323, European Corporate Governance Institute – Finance Working Paper No. 866/2023, MIT Sloan Research Paper No. 6880-22
Number of pages: 87 Posted: 20 Oct 2022 Last Revised: 30 Sep 2023
Oliver Hart, David Thesmar and Luigi Zingales
Harvard University - Department of Economics, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago - Booth School of Business
Downloads 476 (103,227)

Abstract:

Loading...

economic sanctions, business objectives of the firm, Ukranian invasion

Private Sanctions

University of Chicago, Becker Friedman Institute for Economics Working Paper No. 2022-164, MIT Sloan Research Paper No. 6880-22
Number of pages: 63 Posted: 03 Jan 2023 Last Revised: 17 May 2023
Oliver Hart, David Thesmar and Luigi Zingales
Harvard University - Department of Economics, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago - Booth School of Business
Downloads 94 (472,786)

Abstract:

Loading...

Private Sanctions

The Harvard John M. Olin Discussion Paper No. 1095, Harvard Law School Program on Corporate Governance Discussion Paper No. 2023-4
Number of pages: 82 Posted: 23 Aug 2023
Oliver Hart, David Thesmar and Luigi Zingales
Harvard University - Department of Economics, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago - Booth School of Business
Downloads 38 (753,263)
Citation 1

Abstract:

Loading...

Private Sanctions

NBER Working Paper No. w30728
Number of pages: 62 Posted: 12 Dec 2022 Last Revised: 18 Jun 2023
Oliver Hart, David Thesmar and Luigi Zingales
Harvard University - Department of Economics, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Chicago - Booth School of Business
Downloads 12 (994,301)
  • Add to Cart

Abstract:

Loading...

Systemic Risk in Clearing Houses: Evidence from the European Repo Market

HEC Paris Research Paper No. FIN-2015-1112
Number of pages: 57 Posted: 08 Oct 2014 Last Revised: 09 Oct 2015
HEC Paris - Finance Department, HEC Paris - Finance Department, HEC Paris - Finance Department and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 491 (99,450)
Citation 12

Abstract:

Loading...

repurchase agreement, sovereign debt crisis, LTRO, secured money market lending

Systemic Risk in Clearing Houses: Evidence from the European Repo Market

ESRB: Working Paper Series No. 2016/10
Number of pages: 67 Posted: 05 Nov 2020
HEC Paris - Finance Department, HEC Paris - Finance Department, HEC Paris - Finance Department and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 59 (620,066)
Citation 18

Abstract:

Loading...

repurchase agreement, sovereign debt crisis, LTRO, secured money market lending, clearing houses

32.

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

Number of pages: 77 Posted: 25 Jun 2023 Last Revised: 20 Jul 2023
CREST-ENSAE, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 532 (91,105)

Abstract:

Loading...

profit-sharing; productivity; wage-setting; investment

A Quantitative Analysis of Distortions in Managerial Forecasts

Number of pages: 58 Posted: 14 Jun 2018 Last Revised: 21 Sep 2020
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 373 (137,180)

Abstract:

Loading...

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
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 111 (420,477)

Abstract:

Loading...

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
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 45 (703,539)

Abstract:

Loading...

34.
Downloads 518 (94,163)
Citation 11

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
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 481 (101,959)
Citation 10

Abstract:

Loading...

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
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 37 (760,839)
Citation 1

Abstract:

Loading...

comovement, financial integration, house prices

Banking Integration and House Price Comovement

CEPR Discussion Paper No. DP9754
Number of pages: 54 Posted: 25 Nov 2013
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 0
  • Add to Cart

Abstract:

Loading...

comovement, financial integration, house prices

Banking Integration and House Price Comovement

CEPR Discussion Paper No. DP10295
Posted: 23 Jan 2015
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 0
  • Add to Cart

Abstract:

Loading...

banking deregulation, comovement, real estate

35.
Downloads 452 (110,882)
Citation 23

Bottom-Up Corporate Governance

NYU Working Paper No. FIN-05-011
Number of pages: 37 Posted: 03 Nov 2008
Augustin Landier and David Thesmar
HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 310 (167,712)
Citation 1

Abstract:

Loading...

Bottom-Up Corporate Governance

NYU Working Paper No. CLB-06-007
Number of pages: 48 Posted: 31 Oct 2008
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 115 (409,540)

Abstract:

Loading...

Bottom-Up Corporate Governance

CEPR Discussion Paper No. 5500
Number of pages: 52 Posted: 23 May 2006
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 27 (843,276)
Citation 6
  • Add to Cart

Abstract:

Loading...

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
SciencesPo - Sciences Po - Department of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 283 (184,574)
Citation 231

Abstract:

Loading...

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
SciencesPo - Sciences Po - Department of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 114 (412,183)

Abstract:

Loading...

37.

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

Number of pages: 21 Posted: 08 Jun 2020
SciencesPo - Sciences Po - Department of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 392 (130,814)

Abstract:

Loading...

Corporate Investment, Collateral Channel

38.
Downloads 324 (161,115)
Citation 13

Overcoming Limits of Arbitrage: Theory and Evidence

Number of pages: 35 Posted: 03 Mar 2009 Last Revised: 13 Mar 2013
Johan Hombert and David Thesmar
HEC Paris - Finance Department and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 321 (161,659)
Citation 13

Abstract:

Loading...

Limits of Arbitrage, Capital Structure, Market Efficiency

Limits of Limits of Arbitrage: Theory and Evidence

CEPR Discussion Paper No. DP7212
Number of pages: 45 Posted: 07 Apr 2009
Johan Hombert and David Thesmar
HEC Paris - Finance Department and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 3 (1,075,942)
  • Add to Cart

Abstract:

Loading...

arbitrageur, capital structure

39.

Is Factor Momentum More than Stock Momentum?

Number of pages: 33 Posted: 27 Oct 2020
Antoine Falck, Adam Rej and David Thesmar
Capital Fund Management International Inc., Capital Fund Management International Inc. and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 322 (162,179)

Abstract:

Loading...

factor returns, factor momentum, stock momentum

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
University of Pennsylvania - Finance Department, Stockholm School of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 234 (223,300)

Abstract:

Loading...

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
University of Pennsylvania - Finance Department, Stockholm School of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 15 (961,987)
  • Add to Cart

Abstract:

Loading...

41.

Instabilities in Large Economies: Aggregate Volatility Without Idiosyncratic Shocks

HEC Paris Research Paper No. FIN-2014-1052
Number of pages: 22 Posted: 21 Jun 2014 Last Revised: 17 Sep 2014
Capital Fund Management, Capital Fund Management, HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 223 (234,615)
Citation 5

Abstract:

Loading...

volatility of aggregate output, network theory, rational expectations, general equilibrium

42.

Optimal Dissent in Organizations

Number of pages: 34 Posted: 18 Nov 2005
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 192 (269,196)
Citation 33

Abstract:

Loading...

Organization Design, Corporate Governance, Authority

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
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 57 (631,035)
Citation 2

Abstract:

Loading...

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
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 55 (642,158)
Citation 38

Abstract:

Loading...

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
HEC, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1 (1,092,784)
  • Add to Cart

Abstract:

Loading...

bank lending, interest rate risk, monetary policy

44.

Sizing Up Corporate Restructuring in the Covid Crisis

NBER Working Paper No. w28104
Number of pages: 41 Posted: 16 Nov 2020 Last Revised: 17 Apr 2022
Harvard Business School - Finance Unit, Brigham Young University and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 93 (472,273)
Citation 3

Abstract:

Loading...

45.

Expectations Formation with Fat-Tailed Processes: Evidence from Sales Forecasts

MIT Sloan Research Paper No. 6883-22
Number of pages: 34 Posted: 20 Oct 2022 Last Revised: 16 May 2023
Eugene Larsen-Hallock, Adam Rej and David Thesmar
Capital Fund Management, Capital Fund Management International Inc. and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 80 (521,669)

Abstract:

Loading...

behavioral finance, analyst forecasts, behavioral biases, fat-tailed processes

Who is Neoliberal? Durkheimian Individualism and Support for Market Mechanisms

Number of pages: 43 Posted: 20 Apr 2022
Augustin Landier and David Thesmar
HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 57 (631,035)

Abstract:

Loading...

Individualism, Competition, Corporate Social Responsibility

Who is Neoliberal? Durkheimian Individualism and Support for Market Mechanisms

NBER Working Paper No. w29942
Number of pages: 34 Posted: 18 Apr 2022 Last Revised: 24 Apr 2023
Augustin Landier and David Thesmar
HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 15 (961,987)

Abstract:

Loading...

47.

Regulating Systemic Risk Through Transparency: Tradeoffs in Making Data Public

NBER Working Paper No. w17664
Number of pages: 15 Posted: 17 Dec 2011 Last Revised: 08 Apr 2023
Augustin Landier and David Thesmar
HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 68 (567,257)
Citation 3

Abstract:

Loading...

48.

Overreaction and Working Memory

NBER Working Paper No. w27947
Number of pages: 46 Posted: 19 Oct 2020 Last Revised: 13 May 2023
Columbia University, Harvard University, HEC, University of Chicago - Booth School of Business and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 45 (687,656)
Citation 4

Abstract:

Loading...

49.

Banking Deregulation and Industry Structure: Evidence from the French Banking Reforms of 1985

CEPR Discussion Paper No. 4488
Number of pages: 42 Posted: 16 Aug 2004
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 44 (693,955)
Citation 60
  • Add to Cart

Abstract:

Loading...

Banking deregulation, industry structure, economic development

Can Unemployment Insurance Spur Entrepreneurial Activity?

NBER Working Paper No. w20717
Number of pages: 70 Posted: 01 Dec 2014 Last Revised: 09 Feb 2023
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 33 (792,287)
Citation 1

Abstract:

Loading...

Can Unemployment Insurance Spur Entrepreneurial Activity?

CEPR Discussion Paper No. DP10294
Number of pages: 71 Posted: 23 Jan 2015
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 (1,092,784)
Citation 5
  • Add to Cart

Abstract:

Loading...

Crowding out, Entrepreneurship, Unemployment

51.

The Macroeconomics of Shareholder Pressure

Number of pages: 40 Posted: 22 Aug 2003
David Thesmar
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 27 (818,508)
  • Add to Cart

Abstract:

Loading...

Corporate governance, capital assumption, demography, inequality

52.

Globalization and the Demand for Skill: An Export Based Channel

Number of pages: 38 Posted: 25 Jul 2002
Eric Maurin, Mathias Thoenig and David Thesmar
Paris School of Economics (PSE), Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 27 (818,508)
  • Add to Cart

Abstract:

Loading...

Trade, exportations, labour demand, organization of production

53.

Corporate Valuation: An Empirical Comparison of Discounting Methods

NBER Working Paper No. w30898
Number of pages: 66 Posted: 30 Jan 2023 Last Revised: 13 Apr 2023
Nicolas Hommel, Augustin Landier and David Thesmar
Princeton University, HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 26 (827,052)
  • Add to Cart

Abstract:

Loading...

54.

Financial Market Development and the Rise in Firm Level Uncertainty

Number of pages: 48 Posted: 15 Feb 2005
Mathias Thoenig and David Thesmar
Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 25 (835,653)
  • Add to Cart

Abstract:

Loading...

Financial development, firm-level uncertainty, risk sharing

55.

Time Based Competition and Innovation

Number of pages: 24 Posted: 02 May 2002
Mathias Thoenig and David Thesmar
Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 23 (853,376)
  • Add to Cart

Abstract:

Loading...

Firm organisation, reactivity, innovation, competition

56.

Changes in the Functional Structure of Firms and the Demand for Skill

Number of pages: 51 Posted: 16 May 2003
Eric Maurin and David Thesmar
Paris School of Economics (PSE) and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 19 (890,758)
Citation 1
  • Add to Cart

Abstract:

Loading...

Skill, tasks, technological change

57.

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
University of Chicago, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 7 (1,005,161)
  • Add to Cart

Abstract:

Loading...

58.

Contrasting Trends in Firm Volatility: Theory and Evidence

CEPR Discussion Paper No. DP7135
Number of pages: 43 Posted: 18 Feb 2009
David Thesmar and Mathias Thoenig
Massachusetts Institute of Technology (MIT) - Sloan School of Management and Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS)
Downloads 6 (1,013,192)
Citation 1
  • Add to Cart

Abstract:

Loading...

Financial Integration, Firm-level Volatility, Listed vs non-listed Firms, Stockmarket Participation

59.

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

Abstract:

Loading...

60.

Is Factor Momentum Greater Than Stock Momentum?

Journal of Investment Strategies, Vol. 10, No. 4, 2022
Posted: 09 Jun 2022
Antoine Falck, Adam Rej and David Thesmar
Capital Fund Management International Inc., Capital Fund Management International Inc. and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

asset pricing, factor returns, factor momentum, stock momentum, mean reversion

61.

Financial Contracting with Optimistic Entrepreneurs

The Review of Financial Studies, Vol. 22, No. 1, pp. 117-150, 2009
Posted: 03 Jan 2009
Augustin Landier and David Thesmar
HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

G32, D86

62.

Identifying Dynamic Discrete Decision Processes

Posted: 04 Oct 2002
Thierry Magnac and David Thesmar
Toulouse School of Economics and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Abstract:

Loading...

Dynamic discrete choice processes, identification