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David L. Yermack

  • Albert Fingerhut Professor of Finance and Business Transformation

Joined Stern 1994

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dy1@stern.nyu.edu

Leonard N. Stern School of Business

Kaufman Management Center

44 West Fourth Street, 9-70

New York, NY 10012

Personal Website

About David L. Yermack

David L. Yermack is the Albert Fingerhut Professor of Finance and Business Transformation at New York University Stern School of Business. He serves as Director of the NYU Pollack Center for Law and Business. Professor Yermack teaches joint MBA - Law School courses in Restructuring Firms & Industries and Bitcoin & Cryptocurrencies, as well as PhD research courses in corporate governance, executive compensation, and distress and restructuring.

Professor Yermack has been with NYU Stern since 1994. His primary research areas include boards of directors, executive compensation, and corporate finance. Professor Yermack has published more than 25 articles in leading academic journals in Finance, Accounting, Economics, and Law. He is a Faculty Research Associate of the National Bureau of Economic Research and has been a Visiting Scholar at the U.S. Federal Reserve Bank.

Professor Yermack received his Bachelor of Arts in Economics (1985), Master of Business Administration (1991), Juris Doctor (1991), Master of Arts in Business Economics (1993), and Doctor of Philosophy in Business Economics (1994) from Harvard University.

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  • Finance
  • NYU Pollack Center for Law and Business
  • Salomon Center for the Study of Financial Institutions
  • Glucksman Institute for Research in Securities Markets
  • Corporate governance
  • Executive compensation
  • Law and economics
  • Ethics
    • Law & Business
  • Finance
    • Corporate Finance
    • Corporate Governance
    • Executive Pay
    • Mergers & Acquisitions
  • Industry
    • Non-Profit
    • Sports
  • Bitcoin and Cryptocurrencies
  • Restructuring Firms and Industries

  • Ph.D., Business Economics, 1994

    Harvard University

  • M.A., Business Economics, 1993

    Harvard University

  • J.D., 1991

    Harvard University

  • M.B.A., 1991

    Harvard University

  • B.A., Economics, 1985

    Harvard University

  • Yermack, D. (2015)

    Is Bitcoin a Real Currency?

    The Handbook of Digital Currency (Elsevier)

  • Wei, C., and Yermack, D. (2011)

    Investors' Reactions to CEO Inside Debt Incentives

    Review of Financial Studies

  • Yermack, D. (2006)

    Flights of Fancy: Corporate Jets, CEO Perquisites, and Inferior Shareholder Returns

    Journal of Financial Economics

  • Yermack, D. (1997)

    Good Timing: CEO Stock Option Awards and Company News Announcements

    Journal of Finance

  • Yermack, D. (1996)

    Higher Market Valuation of Companies with a Small Board of Directors

    Journal of Financial Economics

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