# Professor David Yermack's research on how executives’ use of private jets impacts their companies’ investor returns is cited

1 Faculty News March 7, 2019 ![The Economist logo](/sites/default/files/styles/246w/public/assets/images/uat_025662.jpg?itok=1_MW1PTy)>

Excerpt from [The Economist](https://www.economist.com/leaders/2019/03/09/private-jets-receive-ludicrous-tax-breaks-that-hurt-the-environment) -- "A study by David Yermack of NYU Stern School of Business found that returns to investors in firms that allow such flights are 4% lower per year than in other companies."

[Read more](https://www.economist.com/leaders/2019/03/09/private-jets-receive-ludicrous-tax-breaks-that-hurt-the-environment)