# Prof. David Yermack's research on the implications of shareholder meeting locations is cited

1 Faculty News July 1, 2014>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2014-07-01/shareholders-with-sherpas-a-sure-sign-of-a-stock-to-short.html) -- "While this hypothetical trek is obviously an exaggeration, the NBER report shows there is often bad news on the way from companies which schedule shareholder meetings far from their headquarters and major airports. Their share prices tend to suffer afterward, according to the paper 'Evasive Shareholder Meetings' by Yuanzhi Li of Temple University and [David Yermack](http://www.stern.nyu.edu/faculty/bio/david-yermack) of New York University that was highlighted in the July issue of the NBER Digest."

[Read more](http://www.bloomberg.com/news/2014-07-01/shareholders-with-sherpas-a-sure-sign-of-a-stock-to-short.html)