Author Page for David Thesmar

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

Jean-Philippe Bouchaud, Stefano Ciliberti, Augustin Landier, Guillaume Simon and David Thesmar

Capital Fund Management, Capital Fund Management, HEC, Capital Fund Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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Citation 4

Abstract:

2.

Sticky Expectations and the Profitability Anomaly

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Citation 89

2

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

Jean-Philippe Bouchaud, Philipp Krueger, Augustin Landier and David Thesmar

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:

Sticky Expectations and the Profitability Anomaly

CEPR Discussion Paper No. DP12528

Number of pages: 46 Posted: 02 Jan 2018

Jean-Philippe Bouchaud, Philipp Krueger, Augustin Landier and David Thesmar

Capital Fund Management, University of Geneva - Geneva Finance Research Institute (GFRI), HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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Citation 73

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Abstract:

3.

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:

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:

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:

5.

Earnings Expectations in the COVID Crisis

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Citation 34

2

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:

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:

6.

How to Use Natural Experiments to Measure Misallocation

Downloads 1,679 (18,537)

Citation 10

3

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:

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:

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

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Abstract:

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

Maxime Bonelli, Augustin Landier, Guillaume Simon and David Thesmar

London Business School - Department of Finance, HEC, Capital Fund Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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Citation 9

Abstract:

8.

The Moral Preferences of Investors: Experimental Evidence

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Citation 6

2

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

Jean-Francois Bonnefon, Augustin Landier, Parinitha Sastry and David Thesmar

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:

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

Jean-Francois Bonnefon, Augustin Landier, Parinitha Sastry and David Thesmar

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:

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:

10.

Quantifying Reduced-Form Evidence on Collateral Constraints

Number of pages: 74 Posted: 05 Jun 2016 Last Revised: 15 Mar 2021

Sylvain Catherine, Thomas Chaney, Zongbo Huang, David Alexandre Sraer and David Thesmar

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

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Citation 18

Abstract:

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

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

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Citation 4

Abstract:

12.

CAPM-Based Company (Mis)valuations

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Citation 18

2

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

Olivier Dessaint, Jacques Olivier, Clemens A. Otto and David Thesmar

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:

CAPM-Based Company (Mis)Valuations

CEPR Discussion Paper No. DP12526

Number of pages: 59 Posted: 02 Jan 2018

Olivier Dessaint, Jacques Olivier, Clemens A. Otto and David Thesmar

INSEAD, HEC Paris - Finance Department, Singapore Management University - Lee Kong Chian School of Business and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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Citation 15

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Abstract:

13.

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

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Citation 41

Abstract:

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

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Citation 114

Abstract:

15.

The Real Effects of Bank Capital Requirements

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Citation 77

2

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:

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:

16.

Wholesale Funding Dry-Ups

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Citation 46

2

Wholesale Funding Dry-Ups

HEC Paris Research Paper

Number of pages: 66 Posted: 23 Nov 2015 Last Revised: 01 Mar 2017

Christophe Pérignon, David Thesmar and Guillaume Vuillemey

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:

Wholesale Funding Dry-Ups

ESRB: Working Paper Series No. 2017/49

Number of pages: 68 Posted: 05 Nov 2020

Christophe Pérignon, David Thesmar and Guillaume Vuillemey

HEC Paris - Finance Department, Massachusetts Institute of Technology (MIT) - Sloan School of Management and HEC Paris

Downloads 57 (631,035)

Citation 5

Abstract:

17.

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

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Citation 128

2

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:

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

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Abstract:

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:

19.

Social Networks in the Boardroom

Downloads 784 (55,500)

Citation 44

2

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:

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

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Abstract:

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

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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Citation 4

Abstract:

21.

Biases in Expectations: Experimental Evidence

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Citation 10

2

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:

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

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Citation 1

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22.

Noise in Expectations: Evidence from Analyst Forecasts

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Citation 1

2

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:

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:

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

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 703 (64,192)

Citation 17

Abstract:

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

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Citation 7

Abstract:

25.

The Sovereign-Bank Diabolic Loop and Esbies

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Citation 97

3

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

Markus K. Brunnermeier, Luis Garicano, Luis Garicano, Philip R. Lane, Marco Pagano, Ricardo Reis, Tano Santos, David Thesmar, Stijn Van Nieuwerburgh and Dimitri Vayanos

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

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Citation 9

Abstract:

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

Markus K. Brunnermeier, Luis Garicano, Luis Garicano, Philip R. Lane, Marco Pagano, Ricardo Reis, Tano Santos, David Thesmar, Stijn Van Nieuwerburgh and Dimitri Vayanos

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

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Citation 45

Abstract:

The Sovereign-Bank Diabolic Loop and ESBies

CEPR Discussion Paper No. DP11317

Number of pages: 17 Posted: 13 Jun 2016

Markus K. Brunnermeier, Luis Garicano, Luis Garicano, Philip R. Lane, Marco Pagano, Ricardo Reis, Tano Santos, David Thesmar, Stijn Van Nieuwerburgh and Dimitri Vayanos

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

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Citation 31

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Abstract:

26.

Housing Collateral and Entrepreneurship

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Citation 118

2

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 614 (75,219)

Citation 1

Abstract:

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 66 (584,862)

Citation 95

Abstract:

27.

Vulnerable Banks

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Citation 180

2

Vulnerable Banks

Number of pages: 64 Posted: 20 Nov 2011 Last Revised: 13 Mar 2013

Robin M. Greenwood, Augustin Landier and David Thesmar

Harvard Business School - Finance Unit, HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 600 (77,427)

Citation 4

Abstract:

Vulnerable Banks

NBER Working Paper No. w18537

Number of pages: 46 Posted: 20 Nov 2012 Last Revised: 25 Feb 2023

Robin M. Greenwood, Augustin Landier and David Thesmar

Harvard Business School - Finance Unit, HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 72 (557,273)

Citation 56

Abstract:

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

Hassan Afrouzi, Spencer Yongwook Kwon, Augustin Landier, Yueran Ma and David Thesmar

Columbia University, Harvard University, HEC, University of Chicago - Booth School of Business and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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Citation 14

Abstract:

29.

Individual Investors and Volatility

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Citation 89

2

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 628 (73,150)

Citation 9

Abstract:

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

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Citation 41

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Abstract:

30.

Private Sanctions

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Citation 1

4

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:

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:

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:

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

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Abstract:

31.

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

Downloads 550 (87,347)

Citation 27

2

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

Charles Boissel, François Derrien, Evren Ors and David Thesmar

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:

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

Charles Boissel, François Derrien, Evren Örs and David Thesmar

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:

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

Elio Nimier-David, David Alexandre Sraer and David Thesmar

CREST-ENSAE, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 532 (91,105)

Abstract:

33.

A Quantitative Analysis of Distortions in Managerial Forecasts

Downloads 529 (91,765)

3

A Quantitative Analysis of Distortions in Managerial Forecasts

Number of pages: 58 Posted: 14 Jun 2018 Last Revised: 21 Sep 2020

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 373 (137,180)

Abstract:

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 111 (420,477)

Abstract:

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 45 (703,539)

Abstract:

34.

Banking Integration and House Price Comovement

Downloads 518 (94,163)

Citation 11

4

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 481 (101,959)

Citation 10

Abstract:

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 37 (760,839)

Citation 1

Abstract:

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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Abstract:

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

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35.

Bottom-Up Corporate Governance

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Citation 23

3

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:

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 115 (409,540)

Abstract:

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

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Citation 6

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Abstract:

36.

The Collateral Channel: How Real Estate Shocks Affect Corporate Investment

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Citation 215

2

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 283 (184,574)

Citation 231

Abstract:

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 114 (412,183)

Abstract:

37.

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 392 (130,814)

Abstract:

38.

Overcoming Limits of Arbitrage: Theory and Evidence

Downloads 324 (161,115)

Citation 13

2

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:

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

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Abstract:

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:

40.

Robustness Checks in Structural Analysis

Downloads 249 (210,952)

2

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, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 234 (223,300)

Abstract:

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, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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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

Julius Bonart, Jean-Philippe Bouchaud, Augustin Landier and David Thesmar

Capital Fund Management, Capital Fund Management, HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management

Downloads 223 (234,615)

Citation 5

Abstract:

42.

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 192 (269,196)

Citation 33

Abstract:

43.

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

Downloads 113 (412,794)

Citation 38

3

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 57 (631,035)

Citation 2

Abstract:

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 55 (642,158)

Citation 38

Abstract:

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

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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

Robin M. Greenwood, Benjamin Charles Iverson and David Thesmar

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:

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:

46.

Who is Neoliberal? Durkheimian Individualism and Support for Market Mechanisms

Downloads 72 (550,069)

Citation 1

2

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:

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:

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:

48.

Overreaction and Working Memory

NBER Working Paper No. w27947

Number of pages: 46 Posted: 19 Oct 2020 Last Revised: 13 May 2023

Hassan Afrouzi, Spencer Yongwook Kwon, Augustin Landier, Yueran Ma and David Thesmar

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:

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

Marianne Bertrand, Antoinette Schoar and David Thesmar

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

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Citation 60

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50.

Can Unemployment Insurance Spur Entrepreneurial Activity?

Downloads 34 (763,057)

Citation 5

2

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 33 (792,287)

Citation 1

Abstract:

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

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Citation 5

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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

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Abstract:

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

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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

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Abstract:

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

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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

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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

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Citation 1

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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

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

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Abstract:

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

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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:

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:

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:

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

David Thesmar

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

National Bureau of Economic Research (NBER)

Centre for Economic Policy Research (CEPR)

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