Corporate Governance Research ProjectAccording to two leading theorists, “Corporate Governance deals with the ways in which suppliers of finance assure themselves of getting a return on their investment. How do the suppliers of finance get managers to return some of the profits to them? How do they make sure that managers do not steal the capital they supply or invest it in bad projects?”
Our research program will study interactions between managers, shareholders, debtholders, and other groups such as auditors, bankers, and government regulators. Topics will include organizational design, management compensation, boards of directors, shareholder voting, and the effectiveness of law-based and market-based governance mechanisms. We plan to organize seminars and conferences, provide access to unique datasets, and publicize the research efforts of NYU faculty in this growing field.
David L. Yermack
Albert Fingerhut Professor of Finance and Business Transformation
Director, Corporate Governance Research Project