David S. Scharfstein

Edmund Cogswell Converse Professor of Finance and Banking

David S. Scharfstein is the Edmund Cogswell Converse Professor of Finance and Banking at Harvard Business School where his research focuses on corporate finance and financial intermediation. He teaches a MBA course on managing financial firms and a Ph.D. course on corporate finance and banking. 

Prior to joining the Harvard Business School faculty in 2003, Scharfstein was on the finance faculty of MIT's Sloan School of Management since 1987, most recently as the Dai Ichi Kangyo Professor of Management.  He has been Editor of the Rand Journal of Economics, Associate Editor of the Journal of Finance and Review of Financial Studies, and Director of the American Finance Association.

Scharfstein is a Research Associate of the National Bureau of Economic Research and a member of the New York Fed’s Financial Advisory Roundtable as well as the Squam Lake Working Group on Financial Regulation.  During 2009-10 Scharfstein served as Senior Advisor to the Secretary of the U.S. Treasury and on the staff of the National Economic Council. 

Scharfstein has a Ph.D in Economics from MIT (1986) and an A.B. summa cum laude from Princeton University (1982). 

Opinion Pieces & Testimony

Opinion Pieces:

Scharfstein, David S., and Jeremy C. Stein. "This Bailout Doesn’t Pay Dividends." The New York Times, October 20, 2008.

Scharfstein, David, and Jeremy Stein. "Basel Needs a Firm Hand and Fewer Delays." The Financial Times, September 13, 2010.

Testimony on "TARP Oversight: Is TARP Working for Main Street?" before the Subcommittee on Financial Institutions and Consumer Credit Committee on Financial Services. U.S. House of Representatives, March 4, 2009.

Testimony before the Senate Banking Committee, Hearing on Perspectives on Money Market Mutal Fund Reforms, June 21, 2012