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Shai Bernstein

Shai Benjamin Bernstein
Assistant Professor, Finance
ShaiBernstein
Assistant Professor of Finance
Dhirubhai Ambani Faculty Scholar in Entrepreneurship for 2015-2016
Academic Area: 
Finance

Research Interests

  • Corporate Finance
  • Entrepreneurial Finance

Academic Degrees

  • PhD in Business Economics, Harvard University, 2012
  • MA, Financial Economics, Hebrew University of Jerusalem, 2007
  • BA, Mathematics and Economics, Ben Gurion University, 2005

Academic Appointments

  • Assistant Professor of Finance, Stanford GSB, 2012-present
  • NBER Faculty Research Fellow, 2015-present

Awards and Honors

  • Younger Family Faculty Scholar, Stanford GSB, 2013-2014
  • Kauffman Foundation Junior Faculty Fellowship in Entrepreneurship
  • Best paper award, Coller Institute, London Business School
  • Ewing Marion Kauffman Dissertation Fellowship

Publications

Journal Articles

Shai Bernstein. Journal of Finance. August 2015, Vol. 70, Issue 4, Pages 1365-1403.
Shai Bernstein, Arthur Korteweg, Kevin Laws. Journal of Finance (forthcoming). 2015.
Shai Bernstein, Josh Lerner, Morten Sørensen, Per Strõmberg. Management Science (forthcoming). 2015.
Shai Bernstein, Xavier Giroud, Richard R. Townsend. Journal of Finance (forthcoming). 2015.
Shai Bernstein, Josh Lerner, Antoinette Schoar. Journal of Economic Perspectives. March 2013, Vol. 27, Issue 2, Pages 219-238.
Shai Bernstein, Eyal Winter. American Economic Journal: Microeconomics. 2012, Vol. 4, Issue 2, Pages 50-76.

Courses Taught

Degree Courses

2015-16

This is a course about the financial decision-making process largely from the point of view of the CEO of an entrepreneurial venture, ranging from very early to very late stages. The course takes a two-pronged approach: First, we develop tools...

This course provides an introduction to empirical research in corporate finance, with an emphasis on the application of cross-sectional and panel data econometric techniques for causal inference. Topics include investment policy, entrepreneurship...

Doctoral Practicum in Teaching

Doctoral Practicum in Research

2014-15

This is a course about the financial decision-making process for start-up firms. The course takes a two-pronged approach: First, we develop tools and concepts of corporate finance related to modeling, valuation, control, and investment decisions...

This course provides an introduction to empirical research in corporate finance, with an emphasis on the application of cross-sectional and panel data econometric techniques for causal inference. Topics include investment policy, entrepreneurship...

2013-14

This is a course about the financial decision-making process for start-up firms. The course takes a two-pronged approach: First, we develop tools and concepts of corporate finance related to modeling, valuation, control, and investment decisions...

This course provides an introduction to empirical research in corporate finance, with an emphasis on the application of cross-sectional and panel data econometric techniques for causal inference. Topics include investment policy,...

2012-13

This course is focused on the financial decision-making process for start-up firms. The course takes a two-pronged approach: First, we analyze principles of corporate finance, valuation, control of firms, and investment decisions with an eye...

Stanford Case Studies

Illuminate Ventures: Raising a Venture Fund | E473
Shai Bernstein, Arthur Korteweg, Sara Rosenthal2013

Insights by Stanford Business

August 11, 2015
Having investors you can easily interact with can help a business grow.
July 30, 2015
The team behind a business concept can be more important than the idea itself.
December 11, 2013
A finance professor says private equity buyouts add value to companies' operations without decimating their workforces.
July 9, 2013
Institutional investors often favor deals close to home — even though it can cost them dearly.
January 15, 2013
A Stanford scholar says going public often slows innovation.

School News

July 11, 2012
Award-winning economist Susan Athey, noted econometrician Guido Imbens, corporate finance expert Joshua Rauh, and others to join Stanford GSB faculty.