Antoinette Schoar is a German-American economist, currently the Stewart C. Myers-Horn Family Professor of Finance and Entrepreneurship at the MIT Sloan School of Management.
She has served on the inaugural advisory board of the Consumer Financial Protection Bureau.
[2] Aside from her academic career and her time at the Consumer Financial Protection Bureau, Schoar is also a co-founder of ideas42, a non-profit that uses research done in behavioral economics and psychology in order to solve various social problems.
[4] In work with Bertrand and David Thesmar, Schoar observes that after the deregulation of banking in France in 1985, banks became less willing to bail out firms with poor performance and firms being more dependent on banks became more likely to restructure, with rising rates of job and asset reallocation, higher allocative efficiency, and a less concentrated banking sector, an observation in line with Schumpeterian processes of creative destruction.
[6] In further research on this topic in Thailand with Simon Johnson and Krislert Samphantharak, Schoar and Bertrand find family involvement in the ownership of family businesses to increase in family size, though firm performance decreases the more the founders' sons become involved, possibly because of a "race to the bottom" wherein, fearing the dilution of ownership and control over the business group, the descendants attempt to tunnel resources out of the group's firms.