Faculty & Research

Faculty and Executive Leadership Directory

David Sraer

Associate Professor
Haas Finance Group
Email: click on the envelope icon below for full email address
Academic Status: On duty
Personal Homepage: http://faculty.haas.berkeley.edu/dsraer
Curriculum Vitae (in PDF format, Acrobat Reader required)


PhD, Economics, Toulouse School of Economics
MA, Economics, Ecole des Hautes Etudes en Sciences Sociales
MA, Statistics and Economics, Ecole Nationale de la Statistique et de l’Administration Economique
BA, Economics and Applied Mathematics, Ecole Polytechnique

Positions Held

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

External Service and Assignments

  • Faculty Research Fellow, National Bureau of Economic Research
  • Research Assosicate, Center for Economic Policy Research

Current Research and Interests

  • Behavioral Finance
  • Corporate Finance
  • Entrepreneurship and Venture Capital
  • Organizations
  • Macroeconomics

Selected Papers and Publications

  • Chaney, T., Sraer, D. and Thesmar, D. (2012), “The Collateral Channel: How Real Estate Shocks affect Corporate Investment”. American Economic Review, 102, 6: 2381-2409.
  • Hong, H. and Sraer, D. (2013), “Quiet Bubbles”. Journal of Financial Economics, 100: 596-606.
  • Foucault, T., Sraer, D. and Thesmar, D.J. (2011), “Individual Investors and Volatility”. Journal of Finance, 66: 1369-1406.
  • Boucly, Q., Sraer, D. and Thesmar, D. (2011), “Growth LBOs”. Journal of Financial Economics, 102: 432-453.


  • Behavioral Finance (MBA, MFin and Undergrads)

Honors and Awards

  • 2014: TCW Best Paper Award at the 2014 China International Conference in Finance (“Housing Collateral and Entrepreneurship”)
  • 2013-2016: Jacob Viner University Preceptor at Princeton University
  • 2013: Spaengler IQAM Prize for Best Paper published in the Review of Finance (“Bottom-up Corporate Governance”)
  • 2012: TCW Best Paper Award at the 2012 China International Conference in Finance (“Speculative Betas”)
  • 2011: Louis Bachelier Prize for best paper in Finance in 2011. (“Financial Risk Management : When does Independence Fail?”)

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