David Thesmar

David Thesmar is the Franco Modigliani Professor of Financial Economics and a Professor of Finance at the MIT Sloan School of Management. His research focuses on corporate finance, financial intermediation, entrepreneurship, and behavioral economics. Thesmar investigates topics such as financing constraints, risk management, and systemic risk in banking. He has also explored firm organization and non-rational decision-making in corporate strategies. His work utilizes large datasets and emphasizes a parsimonious modeling approach. Thesmar has served as a scientific adviser to the European Systemic Risk Board and has been involved in policy advising at the French and European levels. He is a regular columnist for the French newspaper Les Echos and has authored several books. Thesmar holds a BA in physics and economics from École Polytechnique and a PhD from the Paris School of Economics.

David Thesmar is a scholar specializing in financial intermediation, corporate finance, and behavioral finance. His research explores how financial systems influence corporate investment, banking regulations, and entrepreneurial behavior. Thesmar's work examines the impact of real estate collateral on corporate investment, the role of political connections in corporate performance, and the effects of banking deregulation on industry structure. He also investigates behavioral aspects of financial markets, including investor reactions, stock price fragility, and the influence of expectations on market anomalies. His studies often integrate empirical evidence from French financial markets and policy reforms.