Books

• Scharfstein, David S., as part of the Squam Lake Working Group. The Squam Lake Report: Fixing the Financial System. Princeton, N.J.: Princeton University Press, 2010.  

Published Papers

• Greenwood, Robin, and David S. Scharfstein. "How to Make Finance Work." Harvard Business Review 90, no. 3 (March 2012).  
• Ivashina, Victoria, and David S. Scharfstein. "Bank Lending During the Financial Crisis of 2008." Journal of Financial Economics 97, no. 3 (September 2010): 319-338.  
• Ivashina, Victoria, and David Scharfstein. "Loan Syndication and Credit Cycles." American Economic Review: Papers and Proceedings 100, no. 2 (May 2010): 1-8.
• Gompers, Paul A., Josh Lerner, David Scharfstein, and Anna Kovner. "Performance Persistence in Entrepreneurship and Venture Capital." Journal of Financial Economics 96, no. 1 (April 2010).  
• Scharfstein, David S., and Oguzhan Ozbas. "Evidence on the Dark Side of Internal Capital Markets." Review of Financial Studies 23 (February 2010): 581-599.
• Coates, John C., IV, and David S. Scharfstein. "Lowering the Cost of Bank Recapitalization." Yale Journal of Regulation (July 2009).
• Gompers, Paul, Anna Kovner, Josh Lerner, and David Scharfstein. "Venture Capital Investment Cycles: The Impact of Public Markets." Journal of Financial Economics 87, no. 1 (January 2008): 1-23. (Earlier versions distributed as National Bureau of Economic Research Working Paper No. 11385.)
• Gompers, Paul A., Josh Lerner, and David S. Scharfstein. "Entrepreneurial Spawning: Public Corporations and the Formation of New Ventures, 1986-1999." Journal of Finance 60, no. 2 (April 2005). (Earlier version distributed as National Bureau of Economic Research Working Paper No. 9816.)
• Scharfstein, David S., Robert Gertner, and Eric Powers. "Learning about Internal Capital Markets from Corporate Spinoffs." Journal of Finance 57, no. 6 (December 2002): 2479-2506.
• Scharfstein, David S., and Sendhil Mullainathan. "Do Firm Boundaries Matter?" American Economic Review Papers and Proceedings (May 2001): 195-199.
• Scharfstein, David S., and Jeremy Stein. "The Dark Side of Internal Capital Markets: Divisional Rent-Seeking and Inefficient Investment." Journal of Finance 55, no. 6 (December 2000): 2537-2564.
• Scharfstein, David S., and Patrick Bolton. "Corporate Finance, the Theory of the Firm, and Organizations." Journal of Economic Perspectives 12, no. 4 (fall 1998): 95-114.
• Chevalier, Judith A., and David S. Scharfstein. "Capital Market Imperfections and Countercyclical Markups: Theory and Evidence." American Economic Review 86, no. 4 (September 1996): 703-725.
• Scharfstein, David S., and Patrick Bolton. "Optimal Debt Structure and the Number of Creditors." Journal of Political Economy 104, no. 1 (February 1996): 1-25.
• Scharfstein, David S., and Judith A. Chevalier. "Liquidity Constraints and the Cyclical Behavior of Markups." American Economic Review Papers and Proceedings (May 1995): 390-396.
• Froot, K. A., David S. Scharfstein, and J. Stein. "A Framework for Risk Management." Viewpoint 24 (spring 1995): 21-37.
• Scharfstein, David S., Robert Gertner, and Jeremy Stein. "Internal versus External Capital Markets." Quarterly Journal of Economics 109, no. 4 (November 1994): 1211-1230.
• Froot, K., David S. Scharfstein, and J. Stein. "A Framework for Risk Management." Journal of Applied Corporate Finance 7, no. 3 (fall 1994): 22-32.
• Scharfstein, David S., Paul Asquith, and Robert Gertner. "Anatomy of Financial Distress: An Examination of Junk-Bond Issuers." Quarterly Journal of Economics 109, no. 3 (August 1994): 625-658.
• Froot, K. A., David S. Scharfstein, and J. Stein. "A Framework for Risk Management." Harvard Business Review 72, no. 6 (November-December 1994): 59-71. (Revised from "Developing a Risk Management Strategy," Harvard Business School Working Paper No. 95-021. Reprinted in Journal of Applied Corporate Finance 7 (fall 1994): 22-32; Marsh & McLennan Companies' Viewpoint 24 (spring 1995): 21-37; and in Corporate Risk: Strategies and Management, edited by Greg Brown and Don Chew, London: Risk Books, December 1999.)
• Froot, K. A., David S. Scharfstein, and J. Stein. "Risk Management: Coordinating Corporate Investment and Financing Policies." Journal of Finance 48, no. 5 (December 1993): 1629-1658. (Revised from NBER Working Paper No. 4084, February 1993. Reprinted in RAE-Revista de Administração de Empresas, Management Journal of Fundação Getulio Vargas (FGV-EAESP), Business School for Administration in Sao Paulo, Brazil, volume no. 48, issue no. 1 (January-March 2008): 87-118. Reprinted in Insurance and Risk Management, Volume II, Corporate Risk Management, Part I: Theory on Why and How Firms Manage Risk, Chapter 3, edited by Gregory R. Niehaus, UK: Edward Elgar Publishing Ltd. (October 2008). Also in M.J. Brennan, The Theory of Corporate Finance from The International Library of Critical Writings in Financial Economics, edited by R. Roll, 1995; and in Merton Miller and Chris Culp, eds. Corporate Hedging in Theory and Practice: Lessons from Metallgesellschaft, Risk Books, 1999.)
• Froot, Kenneth, David S. Scharfstein, and Jeremy Stein. "Herd on the Street: Informational Inefficiencies in a Market with Short-Term Speculation." Journal of Finance 47, no. 4 (September 1992): 1461-1484. (Revised from NBER Working Paper No. 3250, February 1990.)
• Scharfstein, David S., and Robert Gertner. "A Theory of Workouts and the Effects of Reorganization Law." Journal of Finance 46, no. 4 (September 1991): 1189-1222.
• Scharfstein, David S., Takeo Hoshi, and Anil Kashyap. "Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups." Quarterly Journal of Economics 106, no. 1 (February 1991): 33-60.
• Rotemberg, J. J., and David S. Scharfstein. "Shareholder Value Maximization and Product Market Competition." Review of Financial Studies 3, no. 3 (fall 1990): 367-392.
• Scharfstein, David S., Takeo Hoshi, and Anil Kashyap. "The Role of Banks in Reducing the Costs of Financial Distress in Japan." Journal of Financial Economics 27, no. 1 (September 1990): 67-88.
• Scharfstein, David S., and Jeremy Stein. "Herd Behavior and Investment." American Economic Review 80, no. 3 (June 1990): 465-479.
• Scarfstein, David S., and Patrick Bolton. "A Theory of Predation Based on Agency Problems in Financial Contracting." American Economic Review (March 1990).
• Froot, K. A., D. Scharfstein, and J. Stein. "LDC Debt: Forgiveness, Indexation, and Investment Incentives." Journal of Finance 44, no. 5 (December 1989): 1335-1350. (Revised from NBER Working Paper No. 2541.)
• Scharfstein, David S., Robert Gertner, and Robert Gibbons. "Simultaneous Signaling to the Capital and Product Markets." RAND Journal of Economics 19, no. 2 (summer 1988): 173-190.
• Scharfstein, David S. "The Disciplinary Role of Takeovers." Review of Economic Studies 55, no. 2 (April 1988): 185-200.
• Scharfstein, David S. "Product Market Competition and Managerial Slack." RAND Journal of Economics 19, no. 1 (spring 1988): 147-155.
• Scharfstein, David S., and Barry Nalebuff. "Testing in Models of Asymmetric Information." Review of Economic Studies (April 1987): 265-277.
• Scharfstein, David S. "A Policy to Prevent Rational Test-Market Predation." RAND Journal of Economics (summer 1984): 229-243.

Book Chapters

• Scharfstein, David S. and Adi Sunderam. "The Economics of Housing Finance Reform." In The Future of Housing Finance, edited by Martin Neil Baily. Brookings Institution Press, 2011.
• Froot, K. A., David S. Scharfstein, and J. Stein. "A Framework for Risk Management." In Corporate Risk: Strategies and Management, edited by Gregory W. Brown and Donald H. Chew. Risk Books, 1999.
• Froot, Kenneth A., David S. Scharfstein, and J. Stein. "Risk Management: Coordinating Corporate Investment and Financing Decisions." In Corporate Hedging in Theory and Practice: Lessons from Metallgesellschaft, edited by Merton Miller and Chris Culp. Risk Books, 1999.
• Scharfstein, David S. and Patrick Bolton. "Debt Renegotiation." New Palgrave Dictionary in Money and Finance. Palgrave Macmillan, 1992.