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David SRAER

Assistant Professor of Economics and Finance
UC Berkeley
Economics Department
Haas School of Business, Finance Group
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Research Statement

Contact Information
:

Office F653
Haas School of Business
University of California, Berkeley
545 Student Services Building  
Berkeley, CA 94720-1900
Phone: (510) - 642 83 63

Email: sraer@berkeley.edu
Web: http://faculty.haas.berkeley.edu/dsraer/
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Publications:


Performance and Behavior of Family Firms: Evidence from the French Stock Market” with David Thesmar, Journal of the European Economic Association, June 2007, 5(4): 709-751.


“Optimal Dissent in Organizations”, with Augustin Landier and David Thesmar, The Review of Economic Studies, 2009, 76, 761-794.

“Individual Investors and Volatility”, with David Thesmar and Thierry Foucault, Journal of Finance, 2011, August, 66, 1369-1406.


Growth LBOs”, with Quentin Boucly and David Thesmar, Journal of Financial Economics, 2011, November, 102, 432-453.

The Collateral Channel: How Real Estate Shocks affect Corporate Investment”, with Thomas Chaney and David Thesmar, American Economic Review, 2012, 102, 6: 2381-2409.

Bottom-up Corporate Governance”, with Augustin Landier, Julien Sauvagnat and David Thesmar, Review of Finance, 2013, 17, 161-201.

“Quiet Bubbles”, with Harrison Hong, Journal of Financial Economics, 2013, 110, 596-606.


Working Papers:

“Can Unemployment Insurance Spur Entrepreneurial Activity? Evidence from France”, with Johan Hombert, Antoinette Schoar and David Thesmar, R&R at the Journal of Political Economy

“Are Retail Traders compensated for Liquidity Provision?”, with Jean-Noel Barrot and Ron Kaniel, R&R at the Journal of Financial Economics

“Speculative Betas”, with Harrison Hong [For data/replication, click here] , R&R at the Journal of Finance
“Banking Integration and House Price Comovement, with Augustin Landier and David Thesmar
“Housing Collateral and Entrepreneurship", with Martin Schmalz and David Thesmar

"Inflation Bets on the Long Bond", with Harrison Hong and Jialin Yu

"Bank Exposure to Interest-Rate Risk and the Transmission of Monetary Policy", with David Thesmar and Augustin Landier.

“The Risk-Shifting Hypothesis: Evidence from Subprime Mortgage Originations”, with Augustin Landier and David Thesmar




Work in Progress (draft/slides available upon request):
“Credit Crunch and the Growth of New Firms”, with Jean-Noel Barrot and David Thesmar.

“Real Estate Collateral and Labor Demand”, with Thomas Chaney and David Thesmar.

 “Overnight Volatility”, with Augustin Landier and Julien Sauvagnat.

Other Publications:

“Entrepreneurship and Credit Constraints: Evidence from a French Loan Guarantee Program” with Claire Lelarge and David Thesmar, forthcoming, NBER volume on “International Differences in Entrepreneurship” edited by J. Lerner and A. Schoar, University of Chicago Press.


“Financial Risk Management: when does Independence fail?”, with Augustin Landier and David Thesmar, 2009, American Economic Review Papers and Proceedings, 99(2): 454–58.

Teaching:




Webpage updated on 07/08/2014