David Thesmar

Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)

Professor of Finance

77 Massachusetts Avenue

Cambridge, MA 02139-4307

United States

  • Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)

SCHOLARLY PAPERS

44

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CITATIONS
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391

Scholarly Papers (44)

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1.

Stock Price Fragility

Downloads 2,385 ( 4,866)
Citation 16

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) - Economics, Finance, Accounting (EFA)
Downloads 2,238 (5,305)
Citation 16

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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) - Economics, Finance, Accounting (EFA)
Downloads 147 (185,643)
Citation 16

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non-fundamental risk, volatiltiy, comovement, destabilizing arbitrage

2.

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), Toulouse School of Economics and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 1,855 (7,438)
Citation 1

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capital budgeting, cost of capital, behavioral finance, investment

3.

Sticky Expectations and the Profitability Anomaly

Downloads 1,665 ( 8,927)

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), Toulouse School of Economics and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 1,664 (8,770)

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Stock market anomalies, Sticky expectations

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), Toulouse School of Economics and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 1 (632,909)
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profitability anomaly, Sticky expectations

4.

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) - Economics, Finance, Accounting (EFA) and York University - Schulich School of Business
Downloads 1,328 (12,898)
Citation 9

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

5.

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, Toulouse School of Economics, Capital Fund Management and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 1,122 (16,698)

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Quality anomaly, financial analysts misplaced focus, behavioral biases

6.

The Capacity of Trading Strategies

HEC Paris Research Paper No. FIN-2015-1089
Number of pages: 55 Posted: 27 Mar 2015 Last Revised: 08 Apr 2015
Augustin Landier, Guillaume Simon and David Thesmar
Toulouse School of Economics, Capital Fund Management and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 813 (26,869)

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trading costs, asset pricing anomalies, asset management, arbitrage

7.

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
Toulouse School of Economics and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 775 (28,698)
Citation 45

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8.

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

Downloads 757 ( 29,559)
Citation 62

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) - Economics, Finance, Accounting (EFA)
Downloads 711 (31,738)
Citation 62

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Family firms, management style, corporate performance

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

CEPR Discussion Paper No. 4520
Number of pages: 41 Posted: 21 Sep 2004
David Alexandre Sraer and David Thesmar
University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 46 (382,831)
Citation 62
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Family firms, management style, corporate performance

9.

Social Networks in the Boardroom

Downloads 729 ( 31,193)
Citation 24

Social Networks in the Boardroom

IZA Discussion Paper No. 1940
Number of pages: 53 Posted: 30 Jan 2006
Francis Kramarz and David Thesmar
Independent and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 672 (34,351)
Citation 24

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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
Independent and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 57 (346,709)
Citation 24
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Social networks, corporate governance, board of directors

10.

Wholesale Funding Dry-Ups

HEC Paris Research Paper
Number of pages: 66 Posted: 23 Nov 2015 Last Revised: 01 Mar 2017
Christophe Perignon, David Thesmar and Guillaume Vuillemey
HEC Paris - Finance Department, Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA) and HEC Paris - Finance Department
Downloads 685 (34,021)

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wholesale funding, market freeze, certificates of deposits

11.

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

Number of pages: 60 Posted: 19 Feb 2013 Last Revised: 25 Aug 2017
Matthieu Gomez, Augustin Landier, David Alexandre Sraer and David Thesmar
Columbia University, Graduate School of Arts and Sciences, Department of Economics, Toulouse School of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 640 (37,150)
Citation 2

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Interest rate risk, monetary policy, bank lending

12.

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) - Economics, Finance, Accounting (EFA)
Downloads 586 (41,752)
Citation 14

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LBO, Employment, Financial Constraints

13.

Quantifying Reduced-Form Evidence on Collateral Constraints

Number of pages: 57 Posted: 05 Jun 2016 Last Revised: 01 Feb 2018
Sylvain Catherine, Thomas Chaney, Zongbo Huang, David Alexandre Sraer and David Thesmar
University of Pennsylvania - Finance Department, Toulouse School of Economics, The Chinese University of Hong Kong, Shenzhen, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 532 (47,307)

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Structural model, Financing Constraint, Aggregate Implications

14.

Individual Investors and Volatility

Downloads 512 ( 49,646)
Citation 18

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) - Economics, Finance, Accounting (EFA)
Downloads 508 (49,552)
Citation 18

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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) - Economics, Finance, Accounting (EFA)
Downloads 4 (603,245)
Citation 18
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Idiosyncratic volatility, Noise trading, Retail investors

15.

Vulnerable Banks

Downloads 509 ( 50,018)
Citation 3

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, Toulouse School of Economics and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 484 (52,712)
Citation 3

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systemic risk, deleveraging, liquidity

Vulnerable Banks

NBER Working Paper No. w18537
Number of pages: 46 Posted: 20 Nov 2012
Robin M. Greenwood, Augustin Landier and David Thesmar
Harvard Business School - Finance Unit, Toulouse School of Economics and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 25 (475,432)
Citation 3

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16.

Housing Collateral and Entrepreneurship

Downloads 482 ( 53,583)

Housing Collateral and Entrepreneurship

Journal of Finance, Forthcoming
Number of pages: 36 Posted: 22 Dec 2014 Last Revised: 20 Nov 2015
Martin C. Schmalz, David Alexandre Sraer and David Thesmar
University of Michigan, Stephen M. Ross School of Business, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 459 (56,370)

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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: 07 Oct 2014
Martin C. Schmalz, David Alexandre Sraer and David Thesmar
University of Michigan, Stephen M. Ross School of Business, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 23 (487,121)

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17.

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, Autorité de Contrôle Prudentiel et de Résolution (ACPR) and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 465 (56,064)

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Bank capital ratios, Bank regulation, Credit supply

18.

The Sovereign-Bank Diabolic Loop and Esbies

Downloads 425 ( 62,564)

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, Philip R. Lane, Marco Pagano, Ricardo Reis, Tano Santos, David Thesmar, Stijn Van Nieuwerburgh and Dimitri Vayanos
Princeton University - Department of Economics, IE Business School, Trinity College (Dublin) - Department of Economics, University of Naples Federico II - Department of Economics and Statistics, London School of Economics & Political Science (LSE), Columbia Business School, Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA), Columbia University Graduate School of Business and London School of Economics
Downloads 408 (65,077)

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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: 29 Feb 2016
Markus K. Brunnermeier, Luis Garicano, Philip R. Lane, Marco Pagano, Ricardo Reis, Tano Santos, David Thesmar, Stijn Van Nieuwerburgh and Dimitri Vayanos
Princeton University - Department of Economics, IE Business School, Trinity College (Dublin) - Department of Economics, University of Naples Federico II - Department of Economics and Statistics, London School of Economics & Political Science (LSE), Columbia Business School, Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA), Columbia University Graduate School of Business and London School of Economics
Downloads 16 (529,686)

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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, Philip R. Lane, Marco Pagano, Ricardo Reis, Tano Santos, David Thesmar, Stijn Van Nieuwerburgh and Dimitri Vayanos
Princeton University - Department of Economics, IE Business School, Trinity College (Dublin) - Department of Economics, University of Naples Federico II - Department of Economics and Statistics, London School of Economics & Political Science (LSE), Columbia University, Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA), Columbia University Graduate School of Business and London School of Economics
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bailout, bank default, diabolic loop, ESBies, government default, sovereign debt crisis

19.

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) - Economics, Finance, Accounting (EFA)
Downloads 398 (67,733)
Citation 1

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

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
Toulouse School of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 393 (68,706)
Citation 5

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

21.

Banking Integration and House Price Comovement

Downloads 376 ( 72,372)

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
Toulouse School of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 376 (71,733)

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Banks; House price comovement; Financial Integration

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
Toulouse School of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
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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
Toulouse School of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
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banking deregulation, comovement, real estate

22.

Bottom-Up Corporate Governance

Downloads 361 ( 75,917)
Citation 13

Bottom-Up Corporate Governance

NYU Working Paper No. FIN-05-011
Number of pages: 37 Posted: 03 Nov 2008
Augustin Landier and David Thesmar
Toulouse School of Economics and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 248 (113,960)
Citation 13

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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
Toulouse School of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 87 (273,088)
Citation 13

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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
Toulouse School of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 26 (469,719)
Citation 13
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Corporate governance, corporate performance, acquisition, executives

23.

CAPM-Based Company (Mis)valuations

Downloads 342 ( 80,792)

CAPM-Based Company (Mis)valuations

Rotman School of Management Working Paper No. 3050928, HEC Paris Research Paper No. FIN-2017-1235
Number of pages: 68 Posted: 11 Oct 2017 Last Revised: 25 May 2018
Olivier Dessaint, Jacques Olivier, Clemens A. Otto and David Thesmar
University of Toronto - Rotman School of Management, HEC Paris - Finance Department, Singapore Management University - Lee Kong Chian School of Business and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 341 (80,513)

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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
Olivier Dessaint, Jacques Olivier, Clemens A. Otto and David Thesmar
University of Toronto - Rotman School of Management, HEC Paris - Finance Department, Singapore Management University - Lee Kong Chian School of Business and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 1 (632,909)
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24.

Can Unemployment Insurance Spur Entrepreneurial Activity? Evidence from France

HEC Paris Research Paper No. FIN-2013-1020
Number of pages: 70 Posted: 23 Sep 2013 Last Revised: 11 Jan 2018
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) - Economics, Finance, Accounting (EFA)
Downloads 303 (92,553)
Citation 1

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Entrepreneurship; Unemployment insurance; Crowding out

25.

Overcoming Limits of Arbitrage: Theory and Evidence

Downloads 255 (111,244)
Citation 8

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) - Economics, Finance, Accounting (EFA)
Downloads 252 (112,126)
Citation 8

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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) - Economics, Finance, Accounting (EFA)
Downloads 3 (610,396)
Citation 8
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arbitrageur, capital structure

26.

The Collateral Channel: How Real Estate Shocks Affect Corporate Investment

Downloads 222 (127,918)
Citation 19

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
Toulouse School of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 179 (156,439)
Citation 19

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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
Thomas Chaney, David Alexandre Sraer and David Thesmar
Toulouse School of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 43 (393,673)
Citation 19

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27.

New Experimental Evidence on Expectations Formation

Downloads 165 (168,028)

New Experimental Evidence on Expectations Formation

Number of pages: 59 Posted: 03 Oct 2017
Augustin Landier, Yueran Ma and David Thesmar
Toulouse School of Economics, University of Chicago - Booth School of Business and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 164 (169,106)

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Expectation formation; extrapolation; underreaction

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
Toulouse School of Economics, University of Chicago - Booth School of Business and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 1 (632,909)
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28.

Optimal Dissent in Organizations

Number of pages: 34 Posted: 18 Nov 2005
Augustin Landier, David Alexandre Sraer and David Thesmar
Toulouse School of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 153 (179,173)
Citation 12

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Organization Design, Corporate Governance, Authority

29.

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, Toulouse School of Economics and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 148 (184,191)

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

30.

A Sufficient Statistics Approach for Aggregating Firm-Level Experiments

Downloads 124 (212,120)

A Sufficient Statistics Approach for Aggregating Firm-Level Experiments

Number of pages: 37 Posted: 12 Jan 2018
David Alexandre Sraer and David Thesmar
University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 117 (222,493)

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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
David Alexandre Sraer and David Thesmar
University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 6 (590,806)
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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) - Economics, Finance, Accounting (EFA)
Downloads 1 (632,909)
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31.

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) - Economics, Finance, Accounting (EFA)
Downloads 43 (386,283)
Citation 68
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Banking deregulation, industry structure, economic development

32.

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: 29 Dec 2013
Augustin Landier and David Thesmar
Toulouse School of Economics and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 37 (408,396)
Citation 1

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33.

On the Relation between Organisational Practices and New Technologies: The Role of (Time-Based) Competition

Economic Journal, Vol. 116, No. 508, pp. 128-154, January 2006
Number of pages: 27 Posted: 08 May 2006
Philippe Askenazy, David Thesmar and Mathias Thoenig
, Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA) and Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS)
Downloads 28 (446,651)
Citation 4
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34.

The Macroeconomics of Shareholder Pressure

CEPR Discussion Paper No. 3956
Number of pages: 40 Posted: 22 Aug 2003
David Thesmar
Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 27 (451,523)
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Corporate governance, capital assumption, demography, inequality

35.

Globalization and the Demand for Skill: An Export Based Channel

CEPR Discussion Paper No. 3406
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) - Economics, Finance, Accounting (EFA)
Downloads 27 (451,523)
Citation 11
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Trade, exportations, labour demand, organization of production

36.

Financial Market Development and the Rise in Firm Level Uncertainty

CEPR Discussion Paper No. 4761
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) - Economics, Finance, Accounting (EFA)
Downloads 25 (461,771)
Citation 19
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Financial development, firm-level uncertainty, risk sharing

37.

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

Downloads 23 (472,314)
Citation 2

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
Augustin Landier, David Alexandre Sraer and David Thesmar
Toulouse School of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 22 (493,133)
Citation 2

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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
Toulouse School of Economics, University of California, Berkeley and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
Downloads 1 (632,909)
Citation 2
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bank lending, interest rate risk, monetary policy

38.

Time Based Competition and Innovation

CEPR Discussion Paper No. 3293
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) - Economics, Finance, Accounting (EFA)
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Firm organisation, reactivity, innovation, competition

39.

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

CEPR Discussion Paper No. 3831
Number of pages: 51 Posted: 16 May 2003
Eric Maurin and David Thesmar
Paris School of Economics (PSE) and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)
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Citation 14
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Skill, tasks, technological change

40.

Can Unemployment Insurance Spur Entrepreneurial Activity?

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Can Unemployment Insurance Spur Entrepreneurial Activity?

NBER Working Paper No. w20717
Number of pages: 70 Posted: 01 Dec 2014 Last Revised: 16 Dec 2014
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) - Economics, Finance, Accounting (EFA)
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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) - Economics, Finance, Accounting (EFA)
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Crowding out, Entrepreneurship, Unemployment

41.

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) - Economics, Finance, Accounting (EFA) and Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS)
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Financial Integration, Firm-level Volatility, Listed vs non-listed Firms, Stockmarket Participation

42.

Investigating Capitalism Aversion

Economic Policy, Vol. 23, Issue 55, pp. 465-497, July 2008
Number of pages: 32 Posted: 12 Jun 2008
Augustin Landier, David Thesmar and Mathias Thoenig
Toulouse School of Economics, Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA) and Ecole Nationale des Ponts et Chaussées (ENPC) - Centre d'Enseignement et de Recherche en Analyse Socio-Economique (CERAS)
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Citation 12
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43.

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
Toulouse School of Economics and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)

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G32, D86

44.

Identifying Dynamic Discrete Decision Processes

Econometrica, Vol. 70, Pp. 801-816, 2002
Posted: 04 Oct 2002
Thierry Magnac and David Thesmar
Toulouse School of Economics and Massachusetts Institute of Technology (MIT) - Economics, Finance, Accounting (EFA)

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Dynamic discrete choice processes, identification