Associate Professor | James J. and Marianne B. Lowry Chair in Business
Finance
Expert on financial economics
About
David Sraer received his B.S. in applied mathematics and economics from École Polytechnique in France in 2001 and his Ph.D. in economics from the Toulouse School of Economics in 2007. He holds the James J. and Marianne B. Lowrey Chair in Business at the Haas School of Business. He is currently an associate editor at the Journal of Finance. He is also a member of the Economic Council of the French Prime Minister (CAE), a research associate at the NBER and a research affiliate at the CEPR. Before coming to Berkeley, he was an assistant professor of economics at Princeton University.
Expertise and Research Interests
- Financial economics
- Macro-finance
- Behavioral finance
- David Sraer, David Thesmar (2022). How to Use Natural Experiments to Measure Misallocation. American Economic Review (Conditionally accepted).
- Sylvain Catherine, Thomas Chaney, Zongbo Huang, David Sraer, David Thesmar (2022). Quantifying Reduced-Form Evidence on Collateral Constraints. Journal of Finance.
- Matthieu Gomez, Augustin Landier, David Sraer, David Thesmar (2021). Banks Exposure to Interest Rate Risk and The Transmission of Monetary Policy. Journal of Monetary Economics.
- Valentin Haddad, David Sraer (2020). The Banking View of Bond Risk Premia. Journal of Finance.
- Johan Hombert, Antoinette Schoar, David Sraer, David Thesmar (2020). Can Unemployment Insurance Spur Entrepreneurial Activity? Evidence from France. Journal of Finance.
- Augustin Landier, David Sraer, David Thesmar (2017). Banking Integration and House Price Comovement. Journal of Financial Economics.
- H. Hong, D. Sraer, J. Yu (2017). Inflation Bets on the Long Bond. The Review of Financial Studies.
- D. Sraer, A. Landier, D. Thesmar (2017). Banking Integration and House Price Comovement. Journal of Financial Economics.
- D. Sraer, M. Schmalz and D. Thesmar (2017). Housing Collateral and Entrepreneurship. Journal of Finance.
- D. Sraer, H. Hong (2016). Speculative Betas. Journal of Finance.
- 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 Effect of Mandatory Profit-Sharing on Workers and Firms: Evidence from France, with Elio Nimier-David, David Sraer, David Thesmar.
- Robustness Checks in Structural Analysis, with Sylvain Catherine, Mehran Ebrahimian, David Sraer, David Thesmar.
- A Quantitative Analysis of Distortions in Managerial Forecasts, with Yueran Ma, Tiziano Ropele, David Sraer, David Thesmar.
- The Risk-Shifting Hypothesis, with Augustin Landier, David Sraer, David Thesmar.
At Haas since 2014
- 2016 – present, Associate Professor of Finance, Haas School of Business
- 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 Undergraduate)
- Behavioral finance and inefficient markets (MFE 230S)
- Corporate Finance Theory (PHDBA239FB)