Benjamin Hébert

Associate Professor, Finance

Benjamin Hébert

Associate Professor of Finance

Academic Area:

Research Statement

Benjamin Hébert’s research includes finance, macroeconomics, and contract theory. His recent projects seek to explain why debt contracts are so common, to analyze the effects of sovereign default, and to understand the information processing constraints on financial market participants.


Hébert is an associate professor of finance at Stanford Graduate School of Business. Benjamin received his PhD from Harvard University in 2015. Prior to graduate school, he worked for several years in the financial industry. He holds undergraduate degrees in physics and computer science from MIT.

Academic Degrees

  • PhD in Financial Economics, Macroeconomics, Contract Theory, Business Economics, Harvard University, 2015
  • SB in Physics, Massachusetts Institute of Technology
  • SB in Computer Science and Engineering, Massachusetts Institute of Technology

Academic Appointments

  • Associate Professor, Stanford GSB, 2020–present
  • Assistant Professor, Stanford GSB, 2016–2020
  • Faculty Research Fellow, NBER (AP, IFM), 2018–present
  • Postdoctoral Scholar, Department of Economics, Stanford University, 2015–16

Awards and Honors

  • Business School Trust Faculty Scholar for 2021–22
  • Brattle Group Prize, First Place, 2020
  • VSFX 2019 Best Paper Award, Runner-Up
  • Excellence in Refereeing Award, American Economic Review 2018
  • Review of Economic Studies Tour, 2015
  • Finance Theory Group: Best Finance Theory Job Market Paper, Runner-Up Prize, 2015
  • AQR Top Finance Graduate Award at CBS, 2015
  • Roger Martin Doctoral Research Award, Harvard Business School. Awarded to PhD students in Business Economics who have conducted outstanding academic research, 2014
  • PhD Outstanding Paper Award, The 11th Annual Corporate Finance Conference, Olin Business School, Washington University in St. Louis, 2014
  • Visiting Graduate Student, Becker Friedman Institute, University of Chicago, 2014
  • Bradley Foundation Fellowship, 2013–15
  • Harvard University Certificate of Distinction in Teaching, Fall 2013


Journal Articles

Wenxin Du, Benjamin Hébert, Wenhao Li
Journal of Financial Economics
December 2023 Vol. 150 Issue 3
Benjamin Hébert, Jennifer La'O
Journal of Political Economy
October 2023 Vol. 131 Issue 10
Eduardo Davila, Benjamin Hébert
The Review of Economic Studies
July 2023 Vol. 90 Issue 4 Pages 1893–1933
Wenxin Du, Benjamin Hébert, Amy Wang
Review of Financial Studies
April 2023 Vol. 36 Issue 4 Pages 1464–1507
Benjamin Hébert, Michael Woodford
Journal of Economic Theory
March 2023 Vol. 208
Benjamin Hébert, Michael Woodford
American Economic Review
October 2021 Vol. 111 Issue 10 Pages 3225–3255
Barney Hartman-Glaser, Benjamin Hébert
Journal of Finance
February 2020 Vol. 75 Issue 1 Pages 463-506
Benjamin Hébert
The Review of Economic Studies
October 1, 2018 Vol. 85 Issue 4 Pages 2214-2252
Benjamin Hébert, Jesse Schreger
American Economic Review
October 2017 Vol. 107 Issue 10 Pages 3119-3145
CF Chabris, Benjamin Hébert, DJ Benjamin, J Beauchamp, D Cesarini, M Van der loos, M Johannesson, PK Magnusson, P Lichtenstein, CS Atwood, J Freese, TS Hauser, RM Hauser, N Christakis, D Laibson
Psychological Science
September 24, 2012 Vol. 23 Issue 11 Pages 1314-1323
Benjamin Hébert, Several Co-authors
Annual Review of Economics
September 2012 Vol. 4 Pages 627-662
Andreas Fuster, Benjamin Hébert, David Laibson
International Journal of Central Banking
January 2012 Vol. 8 Issue 1 Pages 243-265

Working Papers

Sebastian Di Tella, Benjamin Hébert, Pablo Kurlat, Qitong Wang August 14, 2023
Benjamin Hébert August 24, 2022
Benjamin Hébert, Weijie Zhong July 1, 2022
Wenxin Du, Benjamin Hébert, Wenhao Li June 29, 2022

Academic Publications

Andreas Fuster, Benjamin Hébert, David Laibson
NBER Macroeconomics Annual 2011
August 2011 Vol. 26 Pages 1-48

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School News

November 02, 2016
This fall, the Stanford Graduate School of Business welcomed six new professors — including the 2016 winner of the prestigious John Bates Clark award, Yuliy Sannikov — and 11 lecturers.