# David L. Yermack 0 dy1 [Tenured or Tenure Track](/taxonomy/term/4799) Albert Fingerhut Professor of Finance and Business Transformation 1994 [ Personal Website ](http://www.stern.nyu.edu/~dyermack) ![David L. Yermack profile photo](/sites/default/files/styles/480w_x_543h/public/media/dyermack.jpg?h=89fff19e&itok=kkUUyjnX) Kaufman Management Center 44 West Fourth Street, 9-70 New York, NY 10012 9-70 0 - 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 - Bitcoin and Cryptocurrencies - Restructuring Firms and Industries 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. Ethics - Law & Business Finance - Corporate Finance - Corporate Governance - Executive Pay - Mergers & Acquisitions Industry - Non-Profit - Sports - Corporate governance - Executive compensation - Law and economics - 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