Associate Professor | James J. and Marianne B. Lowry Chair in Business
Finance
About
Berkeley Haas Associate Professor David Sraer received his BS in applied mathematics and economics from École Polytechnique in France in 2001 and his PhD in economics from the Toulouse School of Economics in 2007. He is currently an associate editor for the Journal of Finance and a research associate at the National Bureau of Economic Research. Before coming to Berkeley Haas, he was an Assistant Professor of economics at Princeton University, where he was awarded the Jacob Viner preceptorship.
Expertise and Research Interests
- Corporate Finance
- Behavioral Finance
- Macroeconomics
- Entrepreneurship and Venture Capital
- H. Hong, D. Sraer, J. Yu. Inflation Bets on the Long Bond. The Review of Financial Studies.
2017 - D. Sraer, A. Landier, D. Thesmar. Banking Integration and House Price Comovement. Journal of Financial Economics.
2017 - D. Sraer, M. Schmalz and D. Thesmar. Housing Collateral and Entrepreneurship. Journal of Finance.
2017 - D. Sraer, H. Hong. Speculative Betas. Journal of Finance.
2016 - D. Sraer, J.N. Barrot and R. Kaniel. Are Retail Traders compensated for Liquidity Provision?. Journal of Financial Economics.
2016 - Hong, H. and Sraer, D. Quiet Bubbles. Journal of Financial Economics.
2013 - Chaney, T., Sraer, D. and Thesmar, D. The Collateral Channel: How Real Estate Shocks affect Corporate Investment. American Economic Review.
2012 - Foucault, T., Sraer, D. and Thesmar, D.J.. Individual Investors and Volatility. Journal of Finance.
2011 - Boucly, Q., Sraer, D. and Thesmar, D.. Growth LBOs. Journal of Financial Economics.
2011
- The Aggregate Cost of Systematic Forecast Errors
D. Sraer, Yueran Ma, and David Thesmar
2018 - A Sufficient Statistics Approach for Aggregating Firm-Level Experiments
D. Sraer and D. Thesmar
2018 - Aggregate Effects of Collateral Constraints
D. Sraer, S. Catherine, T. Chaney, Z. Huang, and D. Thesmar - The Banking View of Bond Risk Premia
D. Sraer and V. Haddad - Bank Exposure to Interest-Rate Risk and the Transmission of Monetary Policy
D. Sraer, M. Gomez, D. Thesmar, and A. Landier - The Risk-Shifting Hypothesis
D. Sraer, A. Landier, and D. Thesmar - Can Unemployment Insurance Spur Entrepreneurial Activity?
D. Sraer, J. Hombert, A. Schoar, and D. Thesmar
At Haas since 2014
2014 – present, Assistant Professor of Finance, Haas School of Business
2014 – present, Assistant Professor of Economics, UC Berkeley, Economics Department
2009 – 2014, Assistant Professor of Economics, Princeton University
- Faculty Research Fellow, National Bureau of Economic Research
- Research Associate, Center for Economic Policy Research
- Associate Editor, Journal of Finance
Berkeley Haas “Club 6” member
Awarded to faculty members with a mean teaching score of at least six on a seven-point scale.
2017, 2018
Brattle Prize in Corporate Finance Distinguished Paper
2018
TCW Best Paper Award at the 2014 China International Conference in Finance
“Housing Collateral and Entrepreneurship”
2014
Jacob Viner University Preceptor at Princeton University
2013 – 2016
Spaengler IQAM Prize for Best Paper published in the Review of Finance
“Bottom-up Corporate Governance”
2013
TCW Best Paper Award at the 2012 China International Conference in Finance
“Speculative Betas”
2012
Louis Bachelier Prize for best paper in Finance
“Financial Risk Management: When does Independence Fail?”
2011
- The best way to get Americans back to work faster, CNN, 04/09/2020
- Profitable Wobble, Institutional Money (German link), 07/29/2018
- Private Equity Doesn’t Deserve Its Bad Reputation, Bloomberg, 07/28/2017
- Behavioral Finance, MBA, MFE, and Undergrads
- MFE 230S, Behavioral finance and inefficient markets
- EWMBA 203, Introduction to Finance