Krislert Samphantharak

Associate Professor

Krislert Samphantharak is an associate professor of economics at the School. He is an expert in corporate finance and economic development, family businesses, business groups in East and Southeast Asia, and formal and informal financial institutions in village economies.

His research applies frameworks and theories in corporate finance and asset pricing to study household finance in developing economies, and he has written on the role family and other networks play in both family businesses and corporate restructuring. His "Households as Corporate Firms: An Analysis of Household Finance Using Integrated Household Surveys and Corporate Financial Accounting" was published in 2009.

Samphantharak’s current research on village economies in Thailand looks at household occupation diversification, volatility and the smoothing of household income, and consumption, as well as risks and returns on household assets. Other interests include the effect of unpredictable corruption on firm investment, of sales tax on gasoline prices and of a firm's lobby spending on its effective tax rate.

Education and CV

Ph.D. and A.M., Economics, University of Chicago, 2003 (economics)
B.A., Economics, Chulalongkorn University, Bangkok, Thailand, 1998
Curriculum Vitae (PDF)

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Publications of Note


"Households as Corporate Firms: An Analysis of Household Finance Using Integrated Household Surveys and Corporate Financial Accounting," (with Robert M. Townsend), Cambridge University Press, 2009. 

Book Project on Economic Development of Southeast Asia

Samphantharak is currently preparing a book manuscript on Economic Development of Southeast Asia for the MIT Press. Preliminary versions of selected chapters from the manuscript.


“Heterogeneity and Risk Sharing in Village Economies,” (with Pierre-Andre Chiappori, Sam Schulhofer-Wohl, and Robert M. Townsend), Quantitative Economics, forthcoming.

“Measuring Rate of Return on Household Enterprises: What Matters Most for Whom?,” (with Robert M. Townsend), Journal of Development Economics, May 2012.

“Impact of the Universal Health Care Coverage on Patient Demand for Health Care Services in Thailand,” (with Kannika Thampanishvong, Jirawat Panpiemras, and Thitima Puttitanun), Health Policy, December 2011.

“The Rise of China and Foreign Direct Investment from Southeast Asia,” Journal of Current Southeast Asian Affairs, Special Issue on China and Southeast Asia: Political and Economic Interactions, September 2011.

"Edgeworth Cycles Revisited," (with Joseph J. Doyle, Jr. and Erich J. Muehlegger), Energy Economics, May 2010.

"Lobbying and Taxes," (with Brian K. Richter and Jeffrey F. Timmons), American Journal of Political Science, October 2009.

“Predictable Corruption and Firm Investment: Evidence from a Natural Experiment and Survey of Cambodian Entrepreneurs,” (with Edmund Malesky), Quarterly Journal of Political Science, 2008, 3: 227–267.

"Mixing Family with Business: A Study of Thai Business Groups and the Families behind Them," (with Marianne Bertrand, Simon Johnson, and Antoinette Schoar), Journal of Financial Economics, June 2008.

"$2.00 Gas! Studying the Effects of Gas Tax Moratorium," (with Joseph J. Doyle, Jr.), Journal of Public Economics, April 2008.

Krislert Samphantharak