EconPapers    
Economics at your fingertips  
 

Details about David Thesmar

Homepage:http://www.hec.fr/thesmar
Workplace:Sloan School of Management, Massachusetts Institute of Technology (MIT), (more information at EDIRC)

Access statistics for papers by David Thesmar.

Last updated 2019-03-27. Update your information in the RePEc Author Service.

Short-id: pth258


Jump to Journal Articles Chapters

Working Papers

2018

  1. A Sufficient Statistics Approach for Aggregating Firm-Level Experiments
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (5)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2018) Downloads View citations (5)
  2. CAPM-Based Company (Mis)valuations
    Working Papers, HAL
    Also in HEC Research Papers Series, HEC Paris (2018) Downloads
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2017) Downloads
  3. Quantifying Reduced-Form Evidence on Collateral Constraints
    Sciences Po publications, Sciences Po Downloads View citations (3)
    Also in Sciences Po Economics Discussion Papers, Sciences Po Departement of Economics (2018) Downloads View citations (3)

2017

  1. New Experimental Evidence on Expectations Formation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (5)
  2. Sticky Expectations and the Profitability Anomaly
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    Also in Swiss Finance Institute Research Paper Series, Swiss Finance Institute (2016) Downloads View citations (2)

    See also Journal Article in Journal of Finance (2019)
  3. Wholesale Funding Dry-Ups
    HEC Research Papers Series, HEC Paris Downloads View citations (15)
    Also in ESRB Working Paper Series, European Systemic Risk Board (2017) Downloads View citations (4)

    See also Journal Article in Journal of Finance (2018)

2016

  1. Banks' exposure to interest rate risk and the transmission of monetary policy
    ESRB Working Paper Series, European Systemic Risk Board Downloads View citations (11)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) Downloads
    TSE Working Papers, Toulouse School of Economics (TSE) (2013) Downloads View citations (34)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) Downloads View citations (30)
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2013) Downloads View citations (34)
  2. Sticky Expectations and Stock Market Anomalies
    HEC Research Papers Series, HEC Paris Downloads View citations (2)
    Also in Working Papers, HAL (2016) View citations (3)
  3. Systemic risk in clearing houses: Evidence from the European repo market
    ESRB Working Paper Series, European Systemic Risk Board Downloads View citations (2)
    Also in HEC Research Papers Series, HEC Paris (2015) Downloads View citations (4)

    See also Journal Article in Journal of Financial Economics (2017)
  4. The Excess Returns of "Quality" Stocks: A Behavioral Anomaly
    Papers, arXiv.org Downloads View citations (1)
    Also in Working Papers, HAL (2016) View citations (2)
    HEC Research Papers Series, HEC Paris (2016) Downloads View citations (1)
  5. The Sovereign-Bank Diabolic Loop and ESBies
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (3)
    Also in EIEF Working Papers Series, Einaudi Institute for Economics and Finance (EIEF) (2016) Downloads View citations (3)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2016) Downloads View citations (4)
    NBER Working Papers, National Bureau of Economic Research, Inc (2016) Downloads View citations (3)
    CSEF Working Papers, Centre for Studies in Economics and Finance (CSEF), University of Naples, Italy (2016) Downloads View citations (3)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2016) Downloads View citations (3)
    LSE Research Online Documents on Economics, London School of Economics and Political Science, LSE Library (2016) Downloads View citations (3)
    Working Papers, HAL (2016) View citations (3)
    CEP Discussion Papers, Centre for Economic Performance, LSE (2016) Downloads View citations (3)
    HEC Research Papers Series, HEC Paris (2016) Downloads View citations (3)
    Discussion Papers, Centre for Macroeconomics (CFM) (2016) Downloads View citations (2)

    See also Journal Article in American Economic Review (2016)

2015

  1. The Capacity of Trading Strategies
    HEC Research Papers Series, HEC Paris Downloads View citations (1)
    Also in Working Papers, HAL (2015) View citations (4)
  2. Wholesale Funding Runs
    Working Papers, HAL

2014

  1. Banking Integration and House Price Comovement
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2013) Downloads View citations (1)
    Working Papers, HAL (2013)

    See also Journal Article in Journal of Financial Economics (2017)
  2. Can Unemployment Insurance Spur Entrepreneurial Activity?
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (14)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2014) Downloads View citations (14)
  3. Housing Collateral and Entrepreneurship
    HEC Research Papers Series, HEC Paris Downloads View citations (4)
    Also in Working Papers, HAL (2014) View citations (4)
    Working Papers, HAL (2014) View citations (4)
    NBER Working Papers, National Bureau of Economic Research, Inc (2013) Downloads View citations (15)

    See also Journal Article in Journal of Finance (2017)
  4. Instabilities in Large Economies: Aggregate Volatility Without Idiosyncratic Shocks
    HEC Research Papers Series, HEC Paris Downloads View citations (7)
    Also in Papers, arXiv.org (2014) Downloads View citations (8)
  5. Sovereign Crises and Bank Financing: Evidence from the European Repo Market
    Working Papers, HAL View citations (2)

2013

  1. Banking Deregulation and The Rise in House Price Comovement
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse View citations (4)
    Also in TSE Working Papers, Toulouse School of Economics (TSE) (2013) Downloads View citations (4)
  2. Can Unemployment Insurance Spur Entrepreneurial Activity? Evidence from France
    Working Papers, HAL
    Also in HEC Research Papers Series, HEC Paris (2013) Downloads View citations (1)
  3. Investor Horizons and Corporate Policies
    Post-Print, HAL View citations (18)
    Also in Post-Print, HAL (2010)
    Post-Print, HAL (2010)
    Post-Print, HAL (2010)
    Post-Print, HAL (2010)
    Post-Print, HAL (2010)
    Working Papers, HAL (2012)
    Post-Print, HAL (2010)
    Post-Print, HAL (2010)
    Post-Print, HAL (2010)
    Post-Print, HAL (2010)

    See also Journal Article in Journal of Financial and Quantitative Analysis (2013)
  4. Les enjeux économiques du droit des faillites: Note du Conseil d'Analyse Économique n° 7
    Sciences Po publications, Sciences Po Downloads
  5. Social Networks in the Boardroom
    Post-Print, HAL View citations (32)
    Also in CEI Working Paper Series, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University (2007) Downloads View citations (5)
    IZA Discussion Papers, Institute of Labor Economics (IZA) (2006) Downloads View citations (9)
    Post-Print, HAL (2013) View citations (32)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) Downloads View citations (7)

    See also Journal Article in Journal of the European Economic Association (2013)
  6. The Real Effects of Bank Capital Requirements
    Working Papers, HAL View citations (2)
    Also in HEC Research Papers Series, HEC Paris (2013) Downloads View citations (20)
    Débats économiques et financiers, Banque de France (2013) Downloads View citations (21)

2012

  1. Bottom-Up Corporate Governance
    Post-Print, HAL View citations (3)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2006) Downloads View citations (2)
    Working Papers, HAL (2005)
    Working Papers, Center for Research in Economics and Statistics (2005) Downloads View citations (2)

    See also Journal Article in Review of Finance (2013)
  2. Déréglementation; Entrepreneur
    Post-Print, HAL
  3. Limits of Limits of Arbitrage: Theory and Evidence
    Working Papers, HAL
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2009) Downloads View citations (2)
    Post-Print, HAL (2009)
  4. The Collateral Channel: How Real Estate Shocks Affect Corporate Investment
    Post-Print, HAL View citations (167)
    Also in NBER Working Papers, National Bureau of Economic Research, Inc (2010) Downloads View citations (8)
    Sciences Po publications, Sciences Po (2012) Downloads View citations (117)

    See also Journal Article in American Economic Review (2012)
  5. Vulnerable Banks
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (8)
    Also in IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse (2011) Downloads View citations (2)
    TSE Working Papers, Toulouse School of Economics (TSE) (2011) Downloads View citations (2)

    See also Journal Article in Journal of Financial Economics (2015)

2011

  1. Barriers to entrepreneurship: Evidence from France
    Post-Print, HAL
  2. Contrasting Trends in Firm Volatility
    Post-Print, HAL View citations (9)
    See also Journal Article in American Economic Journal: Macroeconomics (2011)
  3. Going for broke: New Century Corporation 2004-2006
    Post-Print, HAL
    Also in Post-Print, HAL (2010)
    Post-Print, HAL (2011)
    Post-Print, HAL (2010)
    Post-Print, HAL (2011)
  4. Growth LBOs
    Post-Print, HAL View citations (15)
    See also Journal Article in Journal of Financial Economics (2011)
  5. Individual Investors and Volatility
    Post-Print, HAL View citations (66)
    Also in Working Papers, HAL (2008) View citations (2)
    HEC Research Papers Series, HEC Paris (2008) Downloads View citations (1)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2008) Downloads View citations (3)

    See also Journal Article in Journal of Finance (2011)
  6. Regulating Systemic Risk through Transparency: Tradeoffs in Making Data Public
    NBER Working Papers, National Bureau of Economic Research, Inc Downloads View citations (3)
    See also Chapter (2011)
  7. Stock price fragility
    Post-Print, HAL View citations (45)
    Also in Post-Print, HAL (2009) View citations (4)
    Post-Print, HAL (2010) View citations (2)

    See also Journal Article in Journal of Financial Economics (2011)
  8. The WACC Fallacy: The Real Effects of Using a Unique Discount Rate
    Post-Print, HAL View citations (7)
    Also in TSE Working Papers, Toulouse School of Economics (TSE) (2011) Downloads View citations (17)

    See also Journal Article in Journal of Finance (2015)
  9. The risk-Shifting Hypothesis
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse Downloads View citations (4)
  10. The risk-Shifting Hypothesis: Evidence from Subprime Originations
    TSE Working Papers, Toulouse School of Economics (TSE) Downloads View citations (15)

2010

  1. Going for broke: New Century Financial Corporation, 2004-2006
    IDEI Working Papers, Institut d'Économie Industrielle (IDEI), Toulouse Downloads View citations (1)
    Also in TSE Working Papers, Toulouse School of Economics (TSE) (2010) Downloads View citations (1)
  2. Long Term Investors and Corporate Policies
    Post-Print, HAL

2009

  1. Chaining up noise traders
    Post-Print, HAL
  2. Contrasting Trends in Firm Volatility: Theory and Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
  3. Financial Contracting with Optimistic Entrepreneurs
    Post-Print, HAL View citations (52)
    See also Journal Article in Review of Financial Studies (2009)
  4. Financial Risk Management: When Does Independence Fail?
    Post-Print, HAL View citations (9)
    See also Journal Article in American Economic Review (2009)
  5. Financial Risk Management: Why Did Independence Fail?
    Post-Print, HAL
  6. Optimal Dissent in Organizations
    Post-Print, HAL View citations (14)
    See also Journal Article in Review of Economic Studies (2009)
  7. Optimal dissent and risk Management within organizations
    Post-Print, HAL View citations (4)

2008

  1. Investigating capitalism aversion
    Post-Print, HAL View citations (11)
    See also Journal Article in Economic Policy (2008)

2007

  1. Banking Deregulation and Industry Structure: Evidence from the French Banking Reforms of 1985
    Post-Print, HAL View citations (101)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) Downloads View citations (25)

    See also Journal Article in Journal of Finance (2007)
  2. From Flexibility to Insecurity: How Vertical Separation Amplifies Firm-level Uncertainty
    Post-Print, HAL View citations (4)
    See also Journal Article in Journal of the European Economic Association (2007)
  3. Performance and Behavior of Family Firms: Evidence From the French Stock Market
    Post-Print, HAL View citations (134)
    Also in Working Papers, Center for Research in Economics and Statistics (2004) Downloads View citations (12)
    CEPR Discussion Papers, C.E.P.R. Discussion Papers (2004) Downloads View citations (11)

    See also Journal Article in Journal of the European Economic Association (2007)

2006

  1. On the Relation Between Organisational Practices and New Technologies: the Role of (Time Based) Competition
    Post-Print, HAL View citations (4)
    Also in Post-Print, HAL (2006) View citations (3)

    See also Journal Article in Economic Journal (2006)

2004

  1. Changes in the Functional Structure of Firms and the Demand for Skill
    Post-Print, HAL View citations (7)
    Also in CEPR Discussion Papers, C.E.P.R. Discussion Papers (2003) Downloads View citations (14)
    Working Papers, Center for Research in Economics and Statistics (2001) Downloads View citations (1)

    See also Journal Article in Journal of Labor Economics (2004)
  2. Financial Market Development and the Rise in Firm Level Uncertainty
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (21)

2003

  1. Financial Contracting with Optimistic Entrepreneurs: Theory and Evidence
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (22)
  2. The Macroeconomics of Shareholder Pressure
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads
    Also in Working Papers, HAL (2001)

2002

  1. Globalization and the demand for skill: An Export Based Channel
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (30)
  2. Identifying dynamic discrete choice models
    Post-Print, HAL View citations (10)
  3. Time Based Competition and Innovation
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (2)
  4. Why is a Flexible World More Insecure? The Way Outsourcing Amplifies Uncertainty
    CEPR Discussion Papers, C.E.P.R. Discussion Papers Downloads View citations (3)

2001

  1. The Governance of Subsidiaries: Separation of Ownership and Control
    Working Papers, Center for Research in Economics and Statistics Downloads

2000

  1. Creative Destruction and Firm Organization Choice
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL View citations (21)
    See also Journal Article in The Quarterly Journal of Economics (2000)
  2. Creative Destruction and Organization Change
    Post-Print, HAL View citations (3)

1999

  1. Choix d'organisation dans un environnement instable. Une analyse macroéconomique
    Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers), HAL
    See also Journal Article in Revue Économique (1999)
  2. Identifying Dynamic Discrete Choice Models: An Application to School-Leaving in France
    Working Papers, Center for Research in Economics and Statistics Downloads View citations (3)

Journal Articles

2019

  1. Sticky Expectations and the Profitability Anomaly
    Journal of Finance, 2019, 74, (2), 639-674 Downloads
    See also Working Paper (2017)

2018

  1. The Cost of Political Connections
    Review of Finance, 2018, 22, (3), 849-876 Downloads View citations (6)
  2. Wholesale Funding Dry‐Ups
    Journal of Finance, 2018, 73, (2), 575-617 Downloads View citations (4)
    See also Working Paper (2017)

2017

  1. Banking integration and house price co-movement
    Journal of Financial Economics, 2017, 125, (1), 1-25 Downloads View citations (4)
    See also Working Paper (2014)
  2. Housing Collateral and Entrepreneurship
    Journal of Finance, 2017, 72, (1), 99-132 Downloads View citations (50)
    See also Working Paper (2014)
  3. Systemic risk in clearing houses: Evidence from the European repo market
    Journal of Financial Economics, 2017, 125, (3), 511-536 Downloads View citations (8)
    See also Working Paper (2016)

2016

  1. The Sovereign-Bank Diabolic Loop and ESBies
    American Economic Review, 2016, 106, (5), 508-12 Downloads View citations (3)
    See also Working Paper (2016)

2015

  1. The WACC Fallacy: The Real Effects of Using a Unique Discount Rate
    Journal of Finance, 2015, 70, (3), 1253-1285 Downloads View citations (14)
    See also Working Paper (2011)
  2. Vulnerable banks
    Journal of Financial Economics, 2015, 115, (3), 471-485 Downloads View citations (39)
    See also Working Paper (2012)

2014

  1. Overcoming limits of arbitrage: Theory and evidence
    Journal of Financial Economics, 2014, 111, (1), 26-44 Downloads View citations (3)

2013

  1. Bottom-Up Corporate Governance
    Review of Finance, 2013, 17, (1), 161-201 Downloads View citations (7)
    See also Working Paper (2012)
  2. Investor Horizons and Corporate Policies
    Journal of Financial and Quantitative Analysis, 2013, 48, (6), 1755-1780 Downloads View citations (19)
    See also Working Paper (2013)
  3. SOCIAL NETWORKS IN THE BOARDROOM
    Journal of the European Economic Association, 2013, 11, (4), 780-807 Downloads View citations (47)
    See also Working Paper (2013)

2012

  1. The Collateral Channel: How Real Estate Shocks Affect Corporate Investment
    American Economic Review, 2012, 102, (6), 2381-2409 Downloads View citations (200)
    See also Working Paper (2012)

2011

  1. Contrasting Trends in Firm Volatility
    American Economic Journal: Macroeconomics, 2011, 3, (4), 143-80 Downloads View citations (9)
    See also Working Paper (2011)
  2. Growth LBOs
    Journal of Financial Economics, 2011, 102, (2), 432-453 Downloads View citations (30)
    See also Working Paper (2011)
  3. Individual Investors and Volatility
    Journal of Finance, 2011, 66, (4), 1369-1406 View citations (84)
    See also Working Paper (2011)
  4. Stock price fragility
    Journal of Financial Economics, 2011, 102, (3), 471-490 Downloads View citations (51)
    See also Working Paper (2011)

2009

  1. Financial Contracting with Optimistic Entrepreneurs
    Review of Financial Studies, 2009, 22, (1), 117-150 Downloads View citations (83)
    See also Working Paper (2009)
  2. Financial Risk Management: When Does Independence Fail?
    American Economic Review, 2009, 99, (2), 454-58 Downloads View citations (10)
    See also Working Paper (2009)
  3. Optimal Dissent in Organizations
    Review of Economic Studies, 2009, 76, (2), 761-794 Downloads View citations (21)
    See also Working Paper (2009)

2008

  1. Investigating capitalism aversion
    Economic Policy, 2008, 23, 465-497 Downloads View citations (30)
    See also Working Paper (2008)
  2. L’insoutenable rareté des catastrophes financières
    Revue d'Économie Financière, 2008, 7, (1), 141-145 Downloads

2007

  1. Banking Deregulation and Industry Structure: Evidence from the French Banking Reforms of 1985
    Journal of Finance, 2007, 62, (2), 597-628 Downloads View citations (128)
    See also Working Paper (2007)
  2. From Flexibility to Insecurity: How Vertical Separation Amplifies Firm-level Uncertainty
    Journal of the European Economic Association, 2007, 5, (6), 1161-1202 Downloads View citations (16)
    See also Working Paper (2007)
  3. Performance and Behavior of Family Firms: Evidence from the French Stock Market
    Journal of the European Economic Association, 2007, 5, (4), 709-751 Downloads View citations (159)
    See also Working Paper (2007)

2006

  1. On the Relation Between Organisational Practices and New Technologies: the Role of (Time Based) Competition
    Economic Journal, 2006, 116, (508), 128-154 Downloads View citations (8)
    See also Working Paper (2006)

2004

  1. Changes in the Functional Structure of Firms and the Demand for Skill
    Journal of Labor Economics, 2004, 22, (3), 639-664 Downloads View citations (19)
    See also Working Paper (2004)

2003

  1. Mondialisation des échanges et emploi: le rôle des exportations; suivi d'un commentaire de Marc Gurgand
    Économie et Statistique, 2003, 363, (1), 33-46 Downloads

2002

  1. Analyse économique des politiques éducatives: l'Augmentation de la scolarisation en France de 1982 à 1993
    Annals of Economics and Statistics, 2002, (65), 1-33 Downloads View citations (3)
  2. Identifying Dynamic Discrete Decision Processes
    Econometrica, 2002, 70, (2), 801-816 Downloads View citations (165)
  3. Le recul du PIB par habitant de la France traduit surtout l'imperfection des comparaisons internationales
    Économie et Statistique, 2002, 354, (1), 3-20 Downloads View citations (1)

2000

  1. Creative Destruction and Firm Organization Choice
    The Quarterly Journal of Economics, 2000, 115, (4), 1201-1237 Downloads View citations (61)
    See also Working Paper (2000)

1999

  1. Choix d'organisation dans un environnement instable. Une analyse macroéconomique
    Revue Économique, 1999, 50, (3), 393-403 Downloads
    See also Working Paper (1999)

Chapters

2016

  1. Does Unemployment Insurance Change the Selection into Entrepreneurship?
    A chapter in Measuring Entrepreneurial Businesses: Current Knowledge and Challenges, 2016, pp 351-369 Downloads

2011

  1. Regulating Systemic Risk through Transparency: Trade-Offs in Making Data Public
    A chapter in Risk Topography: Systemic Risk and Macro Modeling, 2011, pp 31-44 Downloads View citations (1)
    See also Working Paper (2011)

2010

  1. Entrepreneurship and Credit Constraints: Evidence from a French Loan Guarantee Program
    A chapter in International Differences in Entrepreneurship, 2010, pp 243-273 Downloads View citations (21)
 
Page updated 2020-02-26