David S. Scharfstein

Edmund Cogswell Converse Professor of Finance and Banking

David Scharfstein is the Edmund Cogswell Converse Professor of Finance and Banking at Harvard Business School.  He is also the Chair of Doctoral Programs at Harvard Business School and Chair of the Business Economics Ph.D. program. He teaches the MBA course, Managing the Financial Firm, as well as the  Ph.D. course, Corporate Finance and Banking. Scharfstein has published on a broad range of topics in finance, including corporate investment and financing behavior, risk management, financial distress, capital allocation, and venture capital.  His current research focuses on financial intermediation and financial regulation, including research on housing finance, financial system risk, the growth of the financial sector, and government risk management.  Scharfstein is a Research Associate of the National Bureau of Economic Research, a member of the Financial Advisory Roundtable of the Federal Reserve Bank of New York, and President-Elect of the American Finance Association.  During 2009-2010, he was Senior Advisor to the U.S. Treasury Secretary, working on policy related to the financial crisis. From 1987- 2003 he was a member of the finance faculty of the MIT Sloan School of Management. Scharfstein received a Ph.D. in Economics from MIT in 1986 and an A.B. from Princeton University in 1982.