Faculty News

Prof. David Yermack's research on shareholder meetings is highlighted

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Excerpt from The New York Times -- "In the study, titled 'Evasive Shareholder Meetings,' David Yermack, a New York University professor of finance, and Yuanzhi Li, a finance professor at Temple University, said they used 'the geography of meetings as a proxy for the evasiveness of management.' Compiling data on nearly 10,000 annual meetings held by more than 2,300 publicly traded companies from 2006 to 2010, they found that companies that held meetings at least 50 miles away from their headquarters and 50 miles away from a major airport generally underperformed the stock market by about 7 percent over the next six months."

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