"The Moral Preferences of Investors: Experimental Evidence."
Bonnefon, Jean-François, Augustin Landier, Parinitha Sastry, and David Thesmar. Journal of Financial Economics Vol. 163, (2025): 103955. SSRN Preprint."Noise in Expectations: Evidence from Analyst Forecasts."
de Silva, Tim and David Thesmar. The Review of Financial Studies Vol. 37, No. 5 (2024): 1494-1537."Private Sanctions."
Hart, Oliver, David Thesmar, and Luigi Zingales. Economic Policy Vol. 39, No. 117 (2024): 203-268."How to Use Microdata for Macro-Finance."
Sraer, David and David Thesmar. Annual Review of Financial Economics Vol. 15, (2023): 387-406."Overreaction in Expectations: Evidence and Theory."
Afrouzi, Hassan, Spencer Yongwook Kwon, Augustin Landier, Yueran Ma, and David Thesmar. Quarterly Journal of Economics Vol. 138, No. 3 (2023): 1713-1764. SSRN Preprint."How to Use Natural Experiments to Estimate Misallocation."
Sraer, David Alexandre, and David Thesmar. American Economic Review Vol. 113, No. 4 (2023): 906-938. SSRN Preprint."Quantifying Reduced-Form Evidence on Collateral Constraints."
Catherine, Sylvain, Thomas Chaney, Zongbo Huang, David Alexandre Sraer, and David Thesmar. Journal of Finance Vol. 77, No. 4 (2022): 2143-2181. SSRN Preprint."Banks' Exposure to Interest Rate Risk and the Transmission of Monetary Policy."
Gomez, Matthieu, Augustin Landier, David Alexandre Sraer, and David Thesmar. Journal of Monetary Economics Vol. 117, (2021): 543-570. Download Paper."CAPM-Based Company (Mis)valuations."
Dessaint, Olivier, Jacques Olivier, Clemens A. Otto and David Thesmar. The Review of Financial Studies Vol. 34, No. 1 (2021): 1-66. Download Paper."Earnings Expectations During the COVID-19 Crisis."
Landier, Augustin and David Thesmar. The Review of Asset Pricing Studies Vol. 10, No. 4 (2020): 598–617. Download Paper."Can Unemployment Insurance Spur Entrepreneurial Activity? Evidence from France."
Hombert, Johan, Antoinette Schoar, David Alexandre Sraer, and David Thesmar. Journal of Finance Vol. 75, No. 3 (2020): 1246-1285."The Real Effects of Bank Capital Requirements."
Fraisse, Henri, Mathias LÉ, and David Thesmar. Management Science Vol. 66, No. 1 (2020): 5-23. Supplement. Download Paper."Sticky Expectations and the Profitability Anomaly."
Bouchaud, Jean-Philippe, Philipp Krueger, Augustin Landier, and David Thesmar. Journal of Finance Vol. 74, No. 2 (2019): 639-674. Download Paper."The Cost of Political Connections."
Bertrand, Marianne, Francis Kramarz, Antoinette Schoar, and David Thesmar. Review of Finance Vol. 22, No. 3 (2018): 849-876."Wholesale Funding Dry-Ups."
Perignon, Christophe, David Thesmar, and Guillaume Vuillemey. Journal of Finance Vol. 73, No. 2 (2018): 575-617. Download Paper."Systemic risk in clearing houses: Evidence from the European repo market."
Boissel, Charles, Francois Derrien, Evren Ors, and David Thesmar. Journal of Financial Economics Vol. 125, No. 3 (2017): 511-536. Download Paper."Banking Integration and House Price Comovement."
Landier, Augustin, David Alexandre Sraer and David Thesmar. Journal of Financial Economics Vol. 125, No. 1 (2017): 1-25. Download Paper."Housing Collateral and Entrepreneurship."
Schmalz, Martin C., David Alexandre Sraer and David Thesmar. Journal of Finance Vol. 72, No. 1 (2017): 99-132. Download Paper."The Excess Returns of 'Quality' Stocks: A Behavioral Anomaly."
Bouchaud, Jean-Philippe, Stefano Ciliberti, Augustin Landier, Guillaume Simon, and David Thesmar. Journal of Investment Strategies Vol. 5, No. 3 (2016): 51-61. Download Paper."The Sovereign-Bank Diabolic Loop and ESBies."
Brunnermeier, Markus K., Luis Garicano, Philip R. Lane, Marco Pagano, Ricardo Reis, Tano Santos, David Thesmar, Stijn Van Nieuwerburgh, and Dimitri Vayanos. American Economic Review Vol. 106, No. 5 (2016): 508-512. Download Paper."The WACC Fallacy: The Real Effects of Using a Unique Discount Rate."
Kruger, Philipp, Augustin Landier, and David Thesmar. Journal of Finance Vol. 70, No. 3 (2015): 1253-1285."Vulnerable Banks."
Greenwood, Robin, Augustin Landier and David Thesmard. Journal of Financial Economics Vol. 115, No. 3 (2015): 471-485. Download Paper."Instabilities in Large Economies: Aggregate Volatility without Idiosyncratic Shock."
Bonart, Julius, Jean-Philippe Bouchaud, Augustin Landier and David Thesmar. Journal of Statistical Mechanics Vol. 2014, (2014): 1-2. Download Paper."Overcoming Limits of Arbitrage: Theory and Evidence."
Homberta, Johan and David Thesmar. Journal of Financial Economics Vol. 111, No. 1 (2014): 26-44. Download Paper."Investor Horizons and Corporate Policy."
Derrien, François, Ambrus Kecskés and David Thesmar. Journal of Financial and Quantitative Analysis Vol. 48, No. 6 (2013): 1755-1780. Download Paper."Social Networks in the Boardroom."
Kramarz, Francis and David Thesmar. Journal of the European Economic Association Vol. 11, No. 4 (2013): 780-807."Bottom-Up Corporate Governance."
Landier, Augustin, Julien Sauvagnat, David Sraer and David Thesmar. Review of Finance Vol. 17, No. 1 (2013): 161-201."The Collateral Channel: How Real Estate Shocks Affect Corporate Investment."
Chaney, Thomas, David Sraer and David Thesmar. American Economic Review Vol. 102, No. 6 (2012): 2381-2409. Download Paper."Stock Price Fragility."
Greenwood, Robin and David Thesmar. Journal of Financial Economics Vol. 102, No. 3 (2011): 471-490. Download Paper."Growth LBOs."
Boucly, Quentin, David Sraer and David Thesmar. Journal of Financial Economics Vol. 102, No. 2 (2011): 432-453."Contrasting Trends in Firm Volatility."
Thesmar, David and Mathias Thoenig. American Economic Journal: Macroeconomics Vol. 3, No. 4 (2011): 143-180. Download Paper."Individual Investors and Volatility."
Fourcault, Thierry, David Sraer and David Thesmar. Journal of Finance Vol. 66, No. 4 (2011): 1369-1406. Download Paper."Financial Risk Management: Why Did Independence Fail?"
Landier, Augustin, David Sraer and David Thesmar. American Economic Review Vol. 99, No. 2 (2009): 454-458."Optimal Dissent in Organizations."
Landier, Augustin, David Sraer and David Thesmar. Review of Economic Studies Vol. 76, No. 2 (2009): 761-794."Financial Contracting with Optimistic Entrepreneurs: Theory and Evidence."
Landier, Augustin and David Thesmar. Review of Financial Studies Vol. 22, No. 1 (2009): 117-150."Investigating Capitalism-Aversion."
Landier, Augustin, David Thesmar and Mathias Thoenig. Economic Policy Vol. 55, (2008): 1-2."From Flexibility to Insecurity: How Outsourcing Amplifies Firm Level Uncertainty."
Thesmar, David and Mathias Thoenig. Journal of the European Economic Association Vol. 5, No. 6 (2007): 1161-1202."Performance and Behavior of Family Firms: Evidence From the French Stock Market."
Sraer, David and David Thesmar. Journal of the European Economic Association Vol. 5, No. 4 (2007): 709-751."Banking Deregulation and Industry Structure: Evidence from the 1985 French Banking Act."
Bertrand, Marianne, Antoinette Schoar and David Thesmar. Journal of Finance Vol. 62, No. 2 (2007): 597-628."On the Relation between Organisational Practices and New Technologies: The Role of (Time Based) Competition."
Askenazy, Philippe, David Thesmar and Mathias Thoenig. The Economic Journal Vol. 116, No. 508 (2006): 128-154."Changes in the Functional Structure of Firms and the Demand for Skill."
Maurin, Eric and David Thesmar. Journal of Labor Economics Vol. 22, No. 3 (2004): 639-664."Evaluation d’une politique éducative: la montée de la scolarisation en France 1982-1993."
Thesmar, David and T. Magnac. Annales d’Economie et de Statistiques (2002): 1-2."Identifying Dynamic Discrete Choice Models."
Thesmar, David and Thierry Magnac. Econometrica Vol. 70, No. 2 (2002): 801-816."Creative Destruction and Organization Change."
Thesmar, David and Mathias Thoenig. The Quarterly Journal of Economics Vol. 115, No. 4 (2000): 1201-1237."Choisir son Organisation dans un Environnement Instable : une Perspective Macro-économique."
Thesmar, David and Mathias Thoenig. Revue Economique (1999): 1-2.
"A Quantitative Analysis of Distortions in Managerial Forecasts."
Ma, Yueran, Tiziano Ropele, David Alexandre Sraer, and David Thesmar, MIT Sloan Working Paper 6334-20. Cambridge, MA: MIT Sloan School of Management, October 2024."Robustness Checks in Structural Analysis."
Catherine, Sylvain, Mehran Ebrahimian, David Alexandre Sraer, and David Thesmar, MIT Sloan Working Paper 6799-22. Cambridge, MA: MIT Sloan School of Management, October 2024."The Effects of Mandatory Profit-sharing on Workers and Firms: Evidence from France."
Nimier-David, Elio, David Sraer, and David Thesmar, MIT Sloan Working Paper 6966-23. Cambridge, MA: MIT Sloan School of Management, May 2024. SSRN Preprint. NBER Working Paper 31804."Expectations Formation with Fat-Tailed Processes: Evidence from Sales Forecasts."
Larsen-Hallock, Eugene, Adam Rej, and David Thesmar, MIT Sloan Working Paper 6883-22. Cambridge, MA: MIT Sloan School of Management, October 2022."What Works Best in Capital Budgeting."
Hommel, Nicolas, Augustin Landier, and David Thesmar, MIT Sloan Working Paper 6511-21. Cambridge, MA: MIT Sloan School of Management, September 2021."New Experimental Evidence on Expectations Formation."
Landier, Augustin, Yueran Ma, David Thesmar, Working Paper. June 2019. Download Paper."The Capacity of Trading Strategies."
Landier, Augustin, Guillaume Simon and David Thesmar, Working Paper. February 2019.
Le prix de nos valeurs.
Landier, Augustin and David Thesmar. Paris, France: Flammarion, 2022.Dix idées qui coulent la France.
Thesmar, David and Augustin Landier. Paris, France: Flammarion, 2013.La société translucide: pour en finir avec le mythe de l'Etat bienveillant.
Landier, Augustin and David Thesmar. Paris, France: Fayard, 2010.Le grand méchant marché: Décryptage d'un fantasme français.
Landier, Augustin and David Thersmar. Paris, France: Flammarion, 2007.
"Sizing Up Corporate Restructuring in the COVID Crisis."
Robin Greenwood, Ben Iverson, and David Thesmar. In Brookings Papers on Economic Activity, Washington, DC: September 2020. Data and Programs. Download Appendix. Download Paper."Does Unemployment Insurance Change the Selection into Entrepreneurship?"
Hombert, Johan, Antoinette Schoar, David Sraer and David Thesmar. In NBER book on Measuring Entrepreneurial Businesses: Current Knowledge and Challenges, edited by Antoinette Schoar, Erik Hurst, Javier Miranda, and John Haltiwanger, 351-369. Chicago, IL: University of Chicago Press Books, 2017."Marché du travail: La grande Fracture."
Sylvain Catherine, Augustin Landier, and David Thesmar. In Note de l'Institut Montaigne, Paris, France: February 2015."Regulating Systemic Risk Through Transparency: Tradeoffs in Making the Data Public."
Landier, Augustin and David Thesmar. In Risk Topography: Systemic Risk and Macro Modeling, edited by Arvind Krishnamurthy and Markus Brunnermeier, 1-2. Cambridge, MA: NBER, 2014."Les enjeux économiques du droit des faillites."
David Thesmar, Guillaume Plantin, and Jean Tirole. In Note du Conseil d'Analyse Economique, Paris, France: June 2013."Entrepreneurship and Credit Constraints: Evidence From a French Loan Guarantee Program."
Lelarge, Claire, David Sraer, and David Thesmar. In Differences in Entrepreneurship, edited by Antoinette Schoar and Josh Lerner, Chicago, IL: University of Chicago Press, 2010."Credit Constraints and Entrepreneurship: Evidence From the French Loan Guarantee Program."
Lelarge, Claire, David Sraer and David Thesmar. In International Differences in Entrepreneurship, edited by Antoinette Schoar and Josh Lerner, 1-2. Cambridge, MA: NBER, 2010.