# Professor David Yermack's research on the connection between corporate jets and earnings is highlighted

1 Faculty News March 7, 2016 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)>

Excerpt from the [Financial Times](https://ig.ft.com/sites/business-jets/) -- "[David Yermack](http://www.stern.nyu.edu/faculty/bio/david-yermack), a professor at the Stern School of Business at New York University, conducted an analysis in 2005 that established a link between aircraft perks and inferior shareholder returns. Mr Yermack analysed a decade’s worth of data on 237 large companies and found those that disclosed corporate aircraft benefits underperformed market benchmarks by more than 4 per cent a year on average. This chief executive perk, where disclosed, 'is associated with severe and significant underperformance of their employers' stocks', Mr Yermack said."

[Read more](https://ig.ft.com/sites/business-jets/)