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

53

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Top 1,146

in Total Papers Downloads

30,498

SSRN CITATIONS
Rank 432

SSRN RANKINGS

Top 432

in Total Papers Citations

1,415

CROSSREF CITATIONS

790

Scholarly Papers (53)

1.
Downloads 2,634 ( 6,387)
Citation 57

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 2,470 (7,003)
Citation 5

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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) - Sloan School of Management
Downloads 164 (230,127)
Citation 66

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non-fundamental risk, volatiltiy, comovement, destabilizing arbitrage

2.
Downloads 2,365 ( 7,635)
Citation 35

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 2,364 (7,512)
Citation 11

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Stock market anomalies, Sticky expectations

Sticky Expectations and the Profitability Anomaly

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 (837,250)
Citation 20
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profitability anomaly, Sticky expectations

3.

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 2,158 (8,815)
Citation 15

Abstract:

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capital budgeting, cost of capital, behavioral finance, investment

4.

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 1,887 (11,023)
Citation 4

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Quality anomaly, financial analysts misplaced focus, behavioral biases

5.
Downloads 1,487 ( 16,078)
Citation 9

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 1,405 (17,162)
Citation 3

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Analyst Forecasts, Valuation, Discount rate

Earnings Expectations in the Covid Crisis

Number of pages: 28 Posted: 18 May 2020 Last Revised: 18 Sep 2021
Augustin Landier and David Thesmar
HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 82 (380,622)
Citation 6

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6.

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 1,404 (17,511)
Citation 25

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

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
HEC Paris - Finance Department, HEC, Capital Fund Management and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,188 (22,454)
Citation 9

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trading costs, asset pricing anomalies, asset management, arbitrage

8.

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, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,116 (24,626)
Citation 4

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Interest rate risk, monetary policy, bank lending

9.

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, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,002 (28,789)
Citation 4

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Structural model, Financing Constraint, Aggregate Implications

10.
Downloads 985 ( 29,467)
Citation 3

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 984 (29,081)
Citation 2

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

CAPM-Based Company (Mis)Valuations

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 (837,250)
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11.

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 843 (36,627)
Citation 101

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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
Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 759 (41,726)
Citation 127

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Family firms, management style, corporate performance

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

Number of pages: 41 Posted: 21 Sep 2004
Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 46 (511,225)
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Family firms, management style, corporate performance

13.
Downloads 793 ( 39,865)
Citation 25

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 777 (40,446)
Citation 24

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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 16 (702,009)
Citation 5

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asymmetric information, market freezes, wholesale bank funding

14.

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, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 764 (41,934)
Citation 36

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LBO, Employment, Financial Constraints

15.
Downloads 759 ( 42,311)
Citation 34

Social Networks in the Boardroom

Number of pages: 53 Posted: 30 Jan 2006
Francis Kramarz and David Thesmar
Independent and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 702 (46,343)

Abstract:

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networks, corporate governance

Social Networks in the Boardroom

Number of pages: 55 Posted: 23 May 2006
Francis Kramarz and David Thesmar
Independent and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 57 (464,217)
Citation 13
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Social networks, corporate governance, board of directors

16.
Downloads 708 ( 46,486)
Citation 42

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 677 (48,706)
Citation 33

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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 31 (591,421)
Citation 7

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bank capital ratios, bank regulation, credit supply

How to Use Natural Experiments to Measure Misallocation

Number of pages: 56 Posted: 12 Jan 2018 Last Revised: 08 Feb 2021
Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 623 (54,318)

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firm-level experriments; aggregation; misallocation; distorsions

A Sufficient Statistics Approach for Aggregating Firm-Level Experiments

Number of pages: 38 Posted: 17 Jan 2018 Last Revised: 25 Aug 2021
Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 19 (678,069)
Citation 1

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A Sufficient Statistics Approach for Aggregating Firm-Level Experiments

Number of pages: 40 Posted: 16 Jan 2018
Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1 (837,250)
Citation 1
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18.

Do Investors Care About Corporate Externalities? Experimental Evidence

HEC Paris Research Paper No. FIN-2019-1350
Number of pages: 43 Posted: 02 Oct 2019 Last Revised: 09 Oct 2019
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 620 (55,361)
Citation 8

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Socially Responsible Investing, ESG, Sustainable Finance, Altruism

19.

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, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 612 (56,264)
Citation 17

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Entrepreneurship; Unemployment Insurance; Crowding Out

20.
Downloads 588 ( 59,284)
Citation 13

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 587 (58,727)
Citation 16

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Expectation formation

New Experimental Evidence on Expectations Formation

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 (837,250)
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21.
Downloads 584 ( 59,634)
Citation 135

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 540 (65,059)
Citation 2

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systemic risk, deleveraging, liquidity

Vulnerable Banks

Number of pages: 46 Posted: 20 Nov 2012 Last Revised: 27 Aug 2021
Harvard Business School - Finance Unit, HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 44 (520,705)
Citation 56

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22.
Downloads 578 ( 60,367)
Citation 66

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, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 536 (65,684)
Citation 1

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Collateral; Entrepreneurship; Real estate

Housing Collateral and Entrepreneurship

Number of pages: 44 Posted: 28 Nov 2013 Last Revised: 11 Apr 2021
CEPRUniversity of Oxford - Finance, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 42 (530,408)
Citation 36

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23.
Downloads 565 ( 62,307)
Citation 71

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, 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) - Sloan School of Management, Columbia University Graduate School of Business and London School of Economics
Downloads 538 (65,536)
Citation 7

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

The Sovereign-Bank Diabolic Loop and Esbies

Number of pages: 16 Posted: 15 Feb 2016 Last Revised: 06 Aug 2021
Princeton University - Department of Economics, Centre for Economic Policy Research (CEPR)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) - Sloan School of Management, Columbia University Graduate School of Business and London School of Economics
Downloads 26 (624,829)
Citation 10

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The Sovereign-Bank Diabolic Loop and ESBies

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, University of Naples Federico II - Department of Economics and Statistics, 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 (837,250)
Citation 36
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bailout, bank default, diabolic loop, ESBies, government default, sovereign debt crisis

24.
Downloads 555 ( 63,574)
Citation 54

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, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 551 (63,488)
Citation 6

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Idiosyncratic Volatility, Retail Trading, Noise Trading

Individual Investors and Volatility

Number of pages: 47 Posted: 20 Aug 2008
HEC Paris - Finance Department, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 4 (804,267)
Citation 9
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Idiosyncratic volatility, Noise trading, Retail investors

25.

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, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 554 (63,722)
Citation 4

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

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 445 (82,573)
Citation 12

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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 24 (639,507)
Citation 8

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

27.
Downloads 453 ( 81,614)
Citation 9

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, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 438 (84,182)
Citation 8

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Banks; House price comovement; Financial Integration

Banking Integration and House Price Comovement

ESRB: Working Paper Series No. 2017/48
Number of pages: 59 Posted: 05 Nov 2020
HEC, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 15 (710,191)
Citation 1

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comovement, financial integration, house prices

Banking Integration and House Price Comovement

Number of pages: 54 Posted: 25 Nov 2013
HEC, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
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comovement, financial integration, house prices

Banking Integration and House Price Comovement

Posted: 23 Jan 2015
HEC, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
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banking deregulation, comovement, real estate

28.

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 445 (83,323)

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factor returns, arbitrage, overfitting

29.
Downloads 414 ( 90,662)
Citation 17

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 287 (135,265)

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Bottom-Up Corporate Governance

NYU Working Paper No. CLB-06-007
Number of pages: 48 Posted: 31 Oct 2008
HEC, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 101 (333,252)

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Bottom-Up Corporate Governance

Number of pages: 52 Posted: 23 May 2006
HEC, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 26 (624,829)
Citation 6
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Corporate governance, corporate performance, acquisition, executives

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, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 224 (173,495)

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Expectation Formation; Misallocation; Corporate Investment

A Quantitative Analysis of Distortions in Managerial Forecasts

Bank of Italy Temi di Discussione (Working Paper) No. 1305
Number of pages: 68 Posted: 10 Dec 2020
Bank of Italy, University of Chicago - Booth School of Business, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 67 (427,316)
Citation 1

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expectation formation, misallocation, corporate investment

A Quantitative Analysis of Distortions in Managerial Forecasts

Number of pages: 54 Posted: 09 Mar 2020 Last Revised: 24 Oct 2021
University of Chicago - Booth School of Business, Bank of Italy, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 11 (744,311)

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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, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 233 (166,980)
Citation 118

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Corporate investment, Real estate, Collateral

The Collateral Channel: How Real Estate Shocks Affect Corporate Investment

Number of pages: 30 Posted: 07 Jun 2010 Last Revised: 20 Nov 2021
SciencesPo - Sciences Po - Department of Economics, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 64 (437,793)

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32.

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, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 289 (134,981)

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Corporate Investment, Collateral Channel

33.
Downloads 288 (135,453)
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) - Sloan School of Management
Downloads 285 (136,260)
Citation 13

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Limits of Arbitrage, Capital Structure, Market Efficiency

Limits of Limits of Arbitrage: Theory and Evidence

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 (813,202)
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arbitrageur, capital structure

Noise in Expectations: Evidence from Analyst Forecasts

Number of pages: 73 Posted: 06 Mar 2021 Last Revised: 19 Jun 2021
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 241 (161,591)

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

Noise in Expectations: Evidence from Analyst Forecasts

Number of pages: 45 Posted: 28 Jun 2021 Last Revised: 18 Nov 2021
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 13 (727,182)
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35.

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 205 (188,880)

Abstract:

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factor returns, factor momentum, stock momentum

36.

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 181 (211,256)
Citation 5

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

37.

Optimal Dissent in Organizations

Number of pages: 34 Posted: 18 Nov 2005
HEC, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 167 (226,287)
Citation 24

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Organization Design, Corporate Governance, Authority

38.

What Works Best in Capital Budgeting?

Number of pages: 42 Posted: 24 Apr 2021 Last Revised: 07 Sep 2021
Nicolas Hommel, Augustin Landier and David Thesmar
Princeton University, HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 128 (280,153)

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Valuation, Present Value Formula, IRR

39.

Overreaction in Expectations: Evidence and Theory

Number of pages: 76 Posted: 18 Nov 2021
Columbia University, Harvard University, HEC, University of Chicago - Booth School of Business and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 67 (421,981)

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expectations, experiment, overreaction

40.

Sizing Up Corporate Restructuring in the Covid Crisis

Number of pages: 41 Posted: 16 Nov 2020 Last Revised: 19 Nov 2021
Harvard Business School - Finance Unit, Brigham Young University and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 52 (476,437)
Citation 3

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

Number of pages: 40 Posted: 01 Mar 2013
HEC, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 30 (597,659)
Citation 2

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

ESRB: Working Paper Series No. 2016/13
Number of pages: 62 Posted: 05 Nov 2020
Columbia University, Graduate School of Arts and Sciences, Department of Economics, HEC, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 16 (702,009)
Citation 8

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interest rate risk, monetary policy, bank lending

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

Number of pages: 43 Posted: 23 Jan 2015
HEC, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1 (837,250)
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bank lending, interest rate risk, monetary policy

42.

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

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 (510,701)
Citation 21
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Banking deregulation, industry structure, economic development

43.

Regulating Systemic Risk Through Transparency: Tradeoffs in Making Data Public

Number of pages: 15 Posted: 17 Dec 2011 Last Revised: 08 Oct 2021
Augustin Landier and David Thesmar
HEC and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 43 (515,206)
Citation 3

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44.

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 (600,786)
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Corporate governance, capital assumption, demography, inequality

45.

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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Trade, exportations, labour demand, organization of production

46.

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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Financial development, firm-level uncertainty, risk sharing

47.

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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Firm organisation, reactivity, innovation, competition

Can Unemployment Insurance Spur Entrepreneurial Activity?

Number of pages: 70 Posted: 01 Dec 2014 Last Revised: 11 Aug 2021
HEC Paris - Finance Department, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
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Can Unemployment Insurance Spur Entrepreneurial Activity?

Number of pages: 71 Posted: 23 Jan 2015
HEC Paris - Finance Department, Massachusetts Institute of Technology (MIT) - Sloan School of Management, Princeton UniversityUniversity of California, Berkeley and Massachusetts Institute of Technology (MIT) - Sloan School of Management
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Citation 5
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Crowding out, Entrepreneurship, Unemployment

49.

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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Skill, tasks, technological change

50.

Overreaction and Working Memory

Number of pages: 46 Posted: 19 Oct 2020 Last Revised: 18 Nov 2021
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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51.

Contrasting Trends in Firm Volatility: Theory and Evidence

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

52.

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

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G32, D86

53.

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

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Dynamic discrete choice processes, identification