Shai Bernstein

Shai Bernstein is the Marvin Bower Associate Professor in the Entrepreneurial Management Unit at Harvard Business School and a Faculty Research Fellow at the National Bureau of Economic Research (NBER) in both the Corporate Finance group and the Productivity, Innovation, and Entrepreneurship group. Much of his research focuses on financial issues related to start-ups, and high growth firms, and the interaction of these issues with innovation and entrepreneurial activity. He teaches the Entrepreneurial Finance course in the MBA elective curriculum. Shai completed his Ph.D. in Business Economics at Harvard University. Prior to joining Harvard Business School, Shai spent eight years as a faculty at Stanford Graduate School of Business

Research interests:

• Corporate Finance, Entrepreneurial Finance, Bankruptcy

Education

• Doctor of Philosophy (PhD) Harvard University (2007 — 2012)
• Master's degree The Hebrew University (2005 — 2007)
• Bachelor's degree Ben Gurion University (2002 — 2005)

Companies

• Associate Professor of Business Administration Harvard Business School (2020)
• Visiting Associate Professor Harvard Business School (2019 — 2020)
• Associate Professor of Finance Stanford University Graduate School of Business (2016 — 2020)
• Assistant Professor of Finance Stanford Graduate School of Business (2012 — 2016)

Awards and Honors

• Winner of the 2019 Charles River Associates Award for Best Paper on Corporate Finance from the Western Finance Association with Rebecca Diamond, Timothy McQuade, and Beatriz Pousada for “The Contribution of High-Skilled Immigrants to Innovation in the United States.”
• Selected as Dhirubhai Ambani Faculty Scholar in Entrepreneurship, Stanford Graduate School of Business, 2015-2016.

PUBLICATIONS

WORKING PAPERS

• Bai, Jessica, Shai Bernstein, Abhishek Dev, and Josh Lerner. "Public Entrepreneurial Finance around the Globe." Harvard Business School Working Paper, No. 21-120, April 2021.
• Bernstein, Shai Benjamin, Richard Townsend, and Ting Xu. "Flight to Safety: How Economic Downturns Affect Talent Flows to Startups." Harvard Business School Working Paper, No. 21-045, September 2020. (Revised May 2021.)
• Bernstein, Shai Benjamin, Rebecca Diamond, Timothy McQuade, and Beatriz Pousada. "The Contribution of High-Skilled Immigrants to Innovation in the United States." (pdf) Working Paper, November 2018.