# Prof. David Yermack's research on corporate governance is cited

1 Faculty News January 12, 2015>

Excerpt from [Bloomberg](http://www.bloombergview.com/articles/2015-01-12/ackman-icahn-and-their-pals-are-keepers) -- "Over the past few years, though, activism has gotten easier, and the list of targets has grown. Unlike pension funds and most mutual funds, hedge funds are able, as New York University finance professor [David Yermack](http://www.stern.nyu.edu/faculty/bio/david-yermack) described it in a 2010 paper, to 'concentrate assets in a few target companies' and 'build large voting positions by using leverage and empty voting strategies such as stock borrowing and equity swaps.'"

[Read more](http://www.bloombergview.com/articles/2015-01-12/ackman-icahn-and-their-pals-are-keepers)