David S. Scharfstein
American educator
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Business Economics
Why Is David S. Scharfstein Influential?
(Suggest an Edit or Addition)According to Wikipedia, David S. Scharfstein is the Edmund Cogswell Converse Professor of Finance and Banking at Harvard Business School. Biography He received an AB in 1982 from the Woodrow Wilson School of Public and International Affairs, at Princeton University, and, in 1986, a PhD in economics from MIT. He then joined Harvard Business School in 1986 as Assistant professor of Business Management, moving to the Sloan School of Management at MIT as Assistant Professor of Finance in 1987. He was promoted there to Associate Professor in 1990, and to Dai-Ichi Kangyo Bank Professor of Management and Professor of Finance, in 1994. According to his faculty page at Harvard, he is interested in "Banking, financial distress, risk management, corporate investment, private equity." He returned to Harvard Business School as Professor of Business Administration in 2003, receiving his present Converse professorship the following year.
David S. Scharfstein's Published Works
Published Works
- Risk Management: Coordinating Corporate Investment and Financing Policies (1992) (3083)
- Bank Lending During the Financial Crisis of 2008 (2009) (2535)
- Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups (1991) (2374)
- Herd Behavior and Investment (1990) (1678)
- The Dark Side of Internal Capital Markets: Divisional Rent-Seeking and Inefficient Investment (1997) (1672)
- A theory of predation based on agency problems in financial contracting (1990) (1624)
- Optimal Debt Structure and the Number of Creditors (1996) (1319)
- The Role of Banks in Reducing the Costs of Financial Distress in Japan (1990) (1256)
- Herd on the Street: Informational Inefficiencies in a Market with Short-Term Speculation (1990) (1179)
- Anatomy of Financial Distress: An Examination of Junk-Bond Issuers (1991) (951)
- A Theory of Workouts and the Effects of Reorganization Law (1991) (819)
- Internal Versus External Capital Markets (1994) (727)
- Entrepreneurial Spawning: Public Corporations and the Genesis of New Ventures, 1986-1999 (2003) (704)
- Capital Market Imperfections and Countercyclical Markups: Theory and Evidence (1994) (596)
- Product-Market Competition and Managerial Slack (1988) (548)
- Performance persistence in entrepreneurship (2010) (478)
- The Disciplinary Role of Takeovers (1988) (469)
- The Dark Side of Internal Capital Markets Ii: Evidence from Diversified Conglomerates (1998) (406)
- The Growth of Finance (2013) (390)
- Dollar Funding and the Lending Behavior of Global Banks (2012) (317)
- Bank Monitoring and Investment: Evidence from the Changing Structure of Japanese Corporate Banking Relationships (1989) (313)
- The Choice between Public and Private Debt: An Analysis of Post-Deregulation Corporate Financing in Japan (1993) (303)
- A FRAMEWORK FOR RISK MANAGEMENT (1994) (297)
- Evidence on the Dark Side of Internal Capital Markets (2009) (285)
- Simultaneous signalling to the capital and product markets (1987) (239)
- Corporate Finance, the Theory of the Firm, and Organizations (1998) (219)
- Learning About Internal Capital Markets from Corporate Spinoffs (2000) (162)
- Market Power in Mortgage Lending and the Transmission of Monetary Policy (2013) (155)
- Loan Syndication and Credit Cycles (2010) (150)
- Liquidity Constraints and the Cyclical Behavior of Markups (1995) (116)
- Ldc Debt: Forgiveness, Indexation, and Investment Incentives (1988) (105)
- Entrepreneurship in Equilibrium (2002) (103)
- Regional Redistribution through the US Mortgage Market (2016) (103)
- Do Firm Boundaries Matter (2001) (86)
- Optimal debt structure with multiple creditors (1993) (84)
- Herd Behavior and Investment: Reply (2000) (73)
- Japanese Corporate Investment and Bank of Japan Guidance of Commercial Bank Lending (1993) (72)
- The Growth of Modern Finance (2012) (65)
- Corporate Structure, Liquidity, and Investment: Evidence From Japanese Panel Data (2015) (63)
- Testing in Models of Asymmetric Information (1987) (52)
- Concentration in Mortgage Lending, Refinancing Activity and Mortgage Rates (2013) (48)
- An Evaluation of Money Market Fund Reform Proposals (2015) (43)
- Shareholder Value Maximization and Product Market Competition (2015) (37)
- Internal Capital Markets (2012) (36)
- A policy to prevent rational test-market predation (1984) (35)
- Performance Persistence in Entrepreneurship and Venture Capital (2010) (34)
- The role of banks in reducing financial distress in Japan (1990) (31)
- The Stock Market and Bank Risk-Taking (2016) (27)
- Do Firm Boundaries Matter? (2001) (27)
- Presidential Address: Pension Policy and the Financial System (2018) (27)
- Venture Capital Investment Cycles: The Role of Experience and Specialization (2005) (25)
- Lowering the Cost of Bank Recapitalization (2009) (21)
- Reforming Money Market Funds (2011) (20)
- The Economics of Housing Finance Reform (2011) (17)
- Racial Disparities in the Paycheck Protection Program (2021) (15)
- Perspectives on Money Market Mutual Fund Reforms (2012) (13)
- The High Price of Land and the Low Cost of Capital: Theory and Evidence from Japan (1990) (13)
- Aligning Incentives at Systemically Important Financial Institutions: A Proposal by the Squam Lake Group (2013) (12)
- Fiscal Risk and the Portfolio of Government Programs (2016) (11)
- Momentive Performance Materials, Inc. (2010) (9)
- Aligning Incentives at Systemically Important Financial Institutions (2013) (8)
- Managed Care and Provider Volume (2000) (7)
- Pension Policy and the Financial System (2018) (7)
- The Economics of Housing Finance Reform: Privatizing, Regulating and Backstopping Mortgage Markets* David Scharfstein Harvard Business School and NBER (2011) (7)
- How to Make Finance Work (2012) (7)
- Chapter 6. Regulation of Executive Compensation in Financial Services (2010) (6)
- Chapter 9. Credit Default Swaps, Clearinghouses, and Exchanges (2010) (6)
- Chapter 7. An Expedited Mechanism to Recapitalize Distressed Financial Firms: Regulatory Hybrid Securities (2010) (5)
- Managed Care Provider Volume (1998) (4)
- Chapter 3. A New Information Infrastructure for Financial Markets (2010) (4)
- Calculating Free Cash Flows (2005) (4)
- Chapter 1. Legislative Approaches to Housing Finance Reform (2016) (3)
- The Bailout Is Robbing the Banks (2009) (3)
- Macroprudential Mortgage-Backed Securitization : Can It Work ? (2015) (3)
- Digitized by the Internet Archive in 2011 with Funding from Boston Library Consortium Iviember Libraries Working Paper Department of Economics Simultaneous Signaling to the Capital and Product Markets By (2011) (3)
- Market competition and incentives (1986) (2)
- Life Sciences Roundtable: Strategy and Financing (2009) (2)
- Chapter 2. A Systemic Regulator for Financial Markets (2010) (2)
- Incidence of Diabetes in Living Kidney Donors and Controls.: Abstract# 1377 (2014) (2)
- 16. Internal Capital Markets (2013) (2)
- Commercial Bank Lending (1993) (1)
- Chapter 10. Prime Brokers, Derivatives Dealers, and Runs (2010) (1)
- Bank Risk-Taking and the Real Economy: Evidence from the Housing Boom and Its Aftermath (2016) (1)
- Insider Trading and Market Manipulations: Existence and Uniqueness of Equilibrium (1)
- Applications or Approvals: What Drives Racial Disparities in the Paycheck Protection Program? (2023) (1)
- Massachusetts General Hospital and the Enbrel Royalty (2005) (1)
- Fiduciary Duties and Equity‐debtholder Conflicts I. Fiduciary Duties and the Credit Lyonnais v. Pathe Communications Case Lawsuits Citing Credit Lyonnais Appeared in the next Several Years following Ruling. Ii. Data (0)
- Bidding for Finansbank (2016) (0)
- Lin TV Corp (2012) (0)
- OnDeck Capital, Inc. (2017) (0)
- GE Capital After the Crisis (2017) (0)
- Leader Bank, N.A. (2014) (0)
- Chapter 8. Improving Resolution Options for Systemically Important Financial Institutions (2010) (0)
- The Financial Crisis: Timothy Geithner and the Stress Tests (2018) (0)
- 15.431 Entrepreneurial Finance, Spring 2002 (2002) (0)
- Oaktree and the Restructuring of CIT Group (A) and (B) (2013) (0)
- Chapter 11. Conclusions (2010) (0)
- Symposium on the Industrial Organization of Health Care (2002) (0)
- Lending Club: Time to Join? (2014) (0)
- TAKEOVER DF.FENSES AND SHAREHOLDFR VOTING (2008) (0)
- The Howland Long-Term Opportunity Fund (2006) (0)
- Incidence of Hypertension in Living Kidney Donors and Matched Controls.: Abstract# 1383 (2014) (0)
- Where to From Here for Financial Regulatory Policy (2015) (0)
- The Proposed Merger of M&T Bank and Hudson City Bancorp (A) (2016) (0)
- The Limits of Algorithmic Measures of Race in Studies of Outcome Disparities (2023) (0)
- Chapter 5. Reforming Capital Requirements (2010) (0)
- NBER WORKING PAPER SERIES GOVERNING MISVALUED FIRMS (2013) (0)
- An Evaluation of Money Market Fund Reform Proposals (2015) (0)
- The Financial Crisis: Hank Paulson in 2008 (2018) (0)
- U.S.-Japanese Corporate Finance (1990) (0)
- Chapter 4. Regulation of Retirement Savings (2010) (0)
- Live Oak Bank (2019) (0)
- Stedman Place: Buy or Rent? (2006) (0)
- Basel Needs a Firm Hand and Fewer Delays (2010) (0)
- Pilgrim Assurance Building (2005) (0)
- Blackstone and the Sale of Citigroup's Loan Portfolio Teaching Note (2013) (0)
- [Business Fixed Investment and the Recent Business Cycle in Japan]: Comment (1996) (0)
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What Schools Are Affiliated With David S. Scharfstein?
David S. Scharfstein is affiliated with the following schools: