David Thesmar

David Thesmar is the Franco Modigliani Professor of Financial Economics and a Professor of Finance at MIT Sloan. He is an expert in behavioral finance, financial intermediation, corporate finance and governance, and has published his work in major economics and finance academic journals. Before coming to MIT, David was a professor of finance at HEC Paris. David has held various economic adviser positions for the French government and the ECB. David is an academic advisor for CFM, a large quantitative hedge fund.

Articles by David Thesmar

Original research

Is factor momentum greater than stock momentum?

Is factor momentum greater than stock momentum? Yes – this paper argues – but only at short lags.

07 Mar 2022

Original research

The excess returns of “quality” stocks: a behavioral anomaly

This paper investigates the causes of the quality anomaly by exploring two potential explanations - the “risk view” and the “behavioral view”.

15 Jun 2016