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Publications

Publications

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  • All HBS Web  (86)
    • News  (14)
    • Research  (51)
  • Faculty Publications  (32)

Show Results For

  • All HBS Web  (86)
    • News  (14)
    • Research  (51)
  • Faculty Publications  (32)
Page 1 of 86 Results →
  • 30 Nov 2016
  • Working Paper Summaries

The Stock Market and Bank Risk-Taking

Keywords: by Antonio Falato and David Scharfstein; Financial Services; Banking
  • 01 Feb 2013
  • Working Paper Summaries

Dollar Funding and the Lending Behavior of Global Banks

Keywords: by Victoria Ivashina, David S. Scharfstein & Jeremy C. Stein; Financial Services
  • 03 Dec 2008
  • Working Paper Summaries

Performance Persistence in Entrepreneurship

Keywords: by Paul A. Gompers, Anna Kovner, Josh Lerner & David S. Scharfstein
  • Web

Courses by Title - Course Catalog

Operations Technology & Operations Management Ryan Buell , Robert Markey Fall 2025 Q1Q2 3.0 Managing and Innovating in Financial Services Finance David Scharfstein Spring 2026... View Details
  • Web

Courses by Faculty Unit - Course Catalog

Investment Strategies William Vrattos Spring 2026 Q4 1.5 Managing and Innovating in Financial Services David Scharfstein Spring 2026 Q3Q4 3.0 Market Perspectives Robin... View Details
  • Web

Courses by Faculty - Course Catalog

Entrepreneurial Management, Accounting & Management Spring 2026 Q3Q4 3.0 Reza Satchu Founder Launch Entrepreneurial Management Spring 2026 Q3Q4 3.0 The Founder Mindset Entrepreneurial Management Fall 2025 Q1Q2 3.0 David View Details
  • Web

Courses by Faculty Unit - Course Catalog

Investment Strategies William Vrattos Spring 2026 Q4 1.5 Managing and Innovating in Financial Services David Scharfstein Spring 2026 Q3Q4 3.0 Market Perspectives Robin... View Details
  • 28 Feb 2011
  • News

Don't Try to Learn from Failure

  • Mar 2012
  • Article

How to Make Finance Work

Once a sleepy old boys' club, the U.S. financial sector is now a dynamic and growing business that attracts the best and the brightest. It is tempting to declare the industry a roaring success. But its... View Details
  • 24 Apr 2018
  • First Look

First Look at New Research and Ideas, April 24, 2018

April 2018 Management Science Offline Showrooms in Omni-channel Retail: Demand and Operational Benefits By: Bell, David R., Santiago Gallino, and View Details
Keywords: Sean Silverthorne
  • 28 Oct 2012
  • News

The Perils of Feeding a Bloated Industry

  • 02 Aug 2004
  • Research & Ideas

Health Care Research and Prospects

is a lot other work at the school going on around these issues by many other faculty. For instance, Dave Scharfstein is doing great work on how capital market forces influence the development strategies of... View Details
Keywords: by Wendy Guild Swearingen; Health
  • 19 Sep 2011
  • News

Rules clash could limit money fund rates--Fidelity

  • 24 Feb 2011
  • Research & Ideas

What’s Government’s Role in Regulating Home Purchase Financing?

changing nature of housing finance and its increasing reliance on less-regulated securitization markets. "As we move to greater reliance on private mortgage credit it will be important to combine such privatization with better... View Details
Keywords: by Sean Silverthorne; Financial Services
  • 19 Sep 2017
  • First Look

First Look at New Research and Ideas, September 19

diversification strategies. The article concludes by suggesting a research agenda for dynamic capabilities. Publisher's link: https://www.hbs.edu/faculty/Pages/item.aspx?num=53220 Carbon Tariffs: Effects in Settings with Technology Choice... View Details
Keywords: Sean Silverthorne
  • 20 Sep 2013
  • News

Money Funds Are Circling the Wagons on Rules

  • 03 Jun 2014
  • News

‘Victims’ of churn are accessories to the crime

  • 2023
  • Working Paper

The Stock Market and Bank Risk-Taking

By: David S. Scharfstein and Antonio Falato
Using confidential supervisory risk ratings, we document that banks increase risk after they go public compared to a control group of banks that filed to go public but withdrew their filings for plausibly exogenous reasons. The increase in risk increases short-term... View Details
Keywords: Risk and Uncertainty; Banks and Banking; Going Public; Performance; Stocks
Citation
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Scharfstein, David S., and Antonio Falato. "The Stock Market and Bank Risk-Taking." Working Paper, September 2023.
  • Forthcoming
  • Article

The Stock Market and Bank Risk-Taking

By: David S. Scharfstein and Antonio Falato
We argue that stock market pressure to generate earnings encourages banks to increase risk. We measure risk using confidential supervisory ratings as well as financial information released in regulatory filings. We document that there is an increase in the risk-taking... View Details
Keywords: Stock Market; Financial Markets; Business Earnings; Banks and Banking; Risk and Uncertainty
Citation
Related
Scharfstein, David S., and Antonio Falato. "The Stock Market and Bank Risk-Taking." Journal of Finance (forthcoming).
  • Forthcoming
  • Article

Bank Risk-Taking and the Real Economy: Evidence from the Housing Boom and Its Aftermath

By: Antonio Falato, Giovanni Favara and David Scharfstein
We present evidence that pressure to maximize short-term stock prices and earnings leads banks to increase risk. We start by showing that banks increase risk when they transition from private to public ownership through a public listing or an acquisition. The increase... View Details
Keywords: Ownership Type; Risk and Uncertainty; Financial Markets; Banks and Banking; Transition; Price
Citation
Related
Falato, Antonio, Giovanni Favara, and David Scharfstein. "Bank Risk-Taking and the Real Economy: Evidence from the Housing Boom and Its Aftermath." Review of Financial Studies (forthcoming).
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