David Yermack

New York University (NYU) - Stern School of Business

Professor of Finance

44 West 4th Street

Suite 9-160

New York, NY 10012-1126

United States

http://www.stern.nyu.edu/~dyermack

  • New York University (NYU) - Stern School of Business

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    • Tel: 212-998-0357
    • Fax: 212-995-4220
SCHOLARLY PAPERS

62

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43,873

CITATIONS
Rank 378

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Top 378

in Total Papers Citations

631

Scholarly Papers (62)

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1.

Where are the Shareholders' Mansions? CEOs' Home Purchases, Stock Sales, and Subsequent Company Performance

Number of pages: 45 Posted: 15 Mar 2007 Last Revised: 22 Oct 2007
Crocker H. Liu and David Yermack
Arizona State University and New York University (NYU) - Stern School of Business
Downloads 4,576 (1,713)
Citation 25

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residential real estate, insider trading, conspicuous consumption

2.

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

Downloads 3,369 ( 2,929)
Citation 103

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

AFA 2005 Philadelphia Meetings
Number of pages: 56 Posted: 14 Apr 2004
David Yermack
New York University (NYU) - Stern School of Business
Downloads 3,191 (3,146)
Citation 120

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Executive compensation, corporate jets, perquisites

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

NYU Working Paper No. FIN-04-008
Number of pages: 48 Posted: 03 Nov 2008
David Yermack
New York University (NYU) - Stern School of Business
Downloads 178 (166,736)
Citation 3

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3.

Corporate Governance and Blockchains

Downloads 3,284 ( 3,061)
Citation 23

Corporate Governance and Blockchains

Review of Finance, Forthcoming
Number of pages: 47 Posted: 08 Dec 2015 Last Revised: 07 May 2017
David Yermack
New York University (NYU) - Stern School of Business
Downloads 3,182 (3,166)
Citation 2

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Blockchains, corporate governance

Corporate Governance and Blockchains

NBER Working Paper No. w21802
Number of pages: 41 Posted: 14 Dec 2015
David Yermack
New York University (NYU) - Stern School of Business
Downloads 102 (259,993)
Citation 33

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4.

Shareholder Voting and Corporate Governance

Downloads 2,700 ( 4,280)
Citation 56

Shareholder Voting and Corporate Governance

Number of pages: 42 Posted: 15 Dec 2009 Last Revised: 18 Mar 2010
David Yermack
New York University (NYU) - Stern School of Business
Downloads 2,700 (4,189)
Citation 56

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Empty voting, broker voting, say on pay, shareholder activism

Shareholder Voting and Corporate Governance

Annual Review of Financial Economics, Vol. 2, pp. 103-125, 2010
Posted: 12 Nov 2010
David Yermack
New York University (NYU) - Stern School of Business

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5.

Is Bitcoin a Real Currency? An Economic Appraisal

Number of pages: 23 Posted: 02 Dec 2013 Last Revised: 02 Nov 2014
David Yermack
New York University (NYU) - Stern School of Business
Downloads 2,605 (4,546)
Citation 12

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Bitcoin

6.

Digital Currencies, Decentralized Ledgers, and the Future of Central Banking

Downloads 1,711 ( 9,236)
Citation 7

Digital Currencies, Decentralized Ledgers, and the Future of Central Banking

Peter Conti-Brown & Rosa Lastra (eds.), Research Handbook on Central Banking, Edward Elgar Publishing, Spring 2017, Forthcoming
Number of pages: 19 Posted: 04 May 2016
Max Raskin and David Yermack
New York University School of Law and New York University (NYU) - Stern School of Business
Downloads 1,622 (9,867)

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Central banks, digital currency, blockchains

Digital Currencies, Decentralized Ledgers, and the Future of Central Banking

NBER Working Paper No. w22238
Number of pages: 20 Posted: 09 May 2016
Max Raskin and David Yermack
New York University School of Law and New York University (NYU) - Stern School of Business
Downloads 89 (284,511)
Citation 15

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7.

Remuneration, Retention, and Reputation Incentives for Outside Directors

Downloads 1,691 ( 9,408)
Citation 68

Remuneration, Retention, and Reputation Incentives for Outside Directors

AFA 2004 San Diego Meetings
Number of pages: 43 Posted: 24 Oct 2003
David Yermack
New York University (NYU) - Stern School of Business
Downloads 1,476 (11,468)
Citation 8

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Boards of directors, stock options

Remuneration, Retention, and Reputation Incentives for Outside Directors

NYU Working Paper No. S-CG-02-08
Number of pages: 41 Posted: 04 Nov 2008
David Yermack
New York University (NYU) - Stern School of Business
Downloads 124 (225,456)
Citation 153

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Remuneration, Retention, and Reputation Incentives for Outside Directors

NYU Working Paper No. FIN-02-032
Number of pages: 40 Posted: 03 Nov 2008
David Yermack
New York University (NYU) - Stern School of Business
Downloads 91 (280,470)

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8.

Deductio Ad Absurdum: CEOs Donating Their Own Stock to Their Own Family Foundations

Downloads 1,502 ( 11,382)
Citation 5

Deductio Ad Absurdum: CEOs Donating Their Own Stock to Their Own Family Foundations

Number of pages: 44 Posted: 24 Feb 2008 Last Revised: 01 Dec 2008
David Yermack
New York University (NYU) - Stern School of Business
Downloads 1,415 (12,269)

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stock gifts, tax compliance, backdating, charitable contributions, insider trading

Deductio Ad Absurdum: CEOs Donating Their Own Stock to Their Own Family Foundations

NYU Working Paper No. FIN-08-014
Number of pages: 42 Posted: 09 Mar 2009
David Yermack
New York University (NYU) - Stern School of Business
Downloads 87 (288,688)
Citation 12

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9.

Tailspotting: Identifying and Profiting from CEO Vacation Trips

Downloads 1,455 ( 11,975)
Citation 6

Tailspotting: Identifying and Profiting from CEO Vacation Trips

Number of pages: 55 Posted: 15 Mar 2012 Last Revised: 25 Nov 2013
David Yermack
New York University (NYU) - Stern School of Business
Downloads 1,053 (19,351)
Citation 1

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Disclosure, corporate jets, CEO vacations

Tailspotting: Identifying and Profiting from CEO Vacation Trips

NYU Law and Economics Research Paper No. 12-07
Number of pages: 56 Posted: 16 Mar 2012 Last Revised: 13 Dec 2013
David Yermack
New York University (NYU) - Stern School of Business
Downloads 382 (75,109)
Citation 1

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Disclosure, corporate jets, CEO vacations

Tailspotting: Identifying and Profiting from CEO Vacation Trips

NBER Working Paper No. w17940
Number of pages: 56 Posted: 31 Mar 2012 Last Revised: 06 Apr 2012
David Yermack
New York University (NYU) - Stern School of Business
Downloads 20 (532,545)
Citation 10

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10.

Investor Reactions to CEOs’ Inside Debt Incentives

Downloads 1,369 ( 13,226)
Citation 23

Investor Reactions to CEOs’ Inside Debt Incentives

NYU Working Paper No. FIN-09-020
Number of pages: 51 Posted: 08 Dec 2009 Last Revised: 15 Feb 2011
Chenyang (Jason) Wei and David Yermack
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and New York University (NYU) - Stern School of Business
Downloads 748 (31,697)

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Investor Reactions to CEOs’ Inside Debt Incentives

FRB of New York Staff Report No. 445
Number of pages: 51 Posted: 10 May 2010 Last Revised: 15 Feb 2011
Chenyang (Jason) Wei and David Yermack
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and New York University (NYU) - Stern School of Business
Downloads 418 (67,441)
Citation 61

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Deferred Compensation, Inside Debt, Executive Compensation Disclosure

Investor Reactions to CEOs’ Inside Debt Incentives

CELS 2009 4th Annual Conference on Empirical Legal Studies Paper
Number of pages: 51 Posted: 27 Aug 2009 Last Revised: 15 Feb 2011
Chenyang (Jason) Wei and David Yermack
Federal Reserve Banks - Federal Reserve Bank of Philadelphia and New York University (NYU) - Stern School of Business
Downloads 203 (147,608)

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deferred compensation, inside debt, executive compensation disclosure

11.

CEO Involvement in the Selection of New Board Members: An Empirical Analysis

New York University, Center for Law and Business, Working Paper No. 98-015
Number of pages: 43 Posted: 10 Jul 1999
David Yermack and Anil Shivdasani
New York University (NYU) - Stern School of Business and University of North Carolina Kenan-Flagler Business School
Downloads 1,336 (13,734)
Citation 292

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12.

Pay Me Later: Inside Debt and its Role in Managerial Compensation

Downloads 1,309 ( 14,193)
Citation 46

Pay Me Later: Inside Debt and its Role in Managerial Compensation

Journal of Finance, Forthcoming
Number of pages: 59 Posted: 12 May 2005
Rangarajan K. Sundaram and David Yermack
New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 1,132 (17,367)
Citation 2

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CEO pensions, inside debt, deferred compensation

Pay Me Later: Inside Debt and its Role in Managerial Compensation

NYU Working Paper No. FIN-05-002
Number of pages: 40 Posted: 03 Nov 2008
Rangarajan K. Sundaram and David Yermack
New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 94 (274,564)
Citation 111

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Pay Me Later: Inside Debt and its Role in Managerial Compensation

NYU Working Paper No. CLB-06-003
Number of pages: 41 Posted: 31 Oct 2008
Rangarajan K. Sundaram and David Yermack
New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 83 (297,365)

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13.

Investment Returns and Distribution Policies of Non-Profit Endowment Funds

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 582/2018, Georgetown McDonough School of Business Research Paper No. 3291117
Number of pages: 52 Posted: 05 Dec 2018 Last Revised: 15 Jun 2019
Sandeep Dahiya and David Yermack
Georgetown University - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 1,270 (14,813)

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non-profit endowments, institutional investors

14.

How Much of the Diversification Discount Can be Explained by Poor Corporate Governance?

Downloads 1,226 ( 15,689)
Citation 21

How Much of the Diversification Discount Can be Explained by Poor Corporate Governance?

Number of pages: 52 Posted: 11 Feb 2009 Last Revised: 15 Jun 2013
Daniel Hoechle, Markus Schmid, Ingo Walter and David Yermack
FHNW School of Business - Institute for Finance, University of St. Gallen - Swiss Institute of Banking and Finance, New York University - Leonard N. Stern School of Business and New York University (NYU) - Stern School of Business
Downloads 659 (37,591)
Citation 4

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Organizational structure, Diversification, Firm valuation, Corporate governance

How Much of the Diversification Discount Can Be Explained by Poor Corporate Governance?

NYU Working Paper No. 2451/28341
Number of pages: 32 Posted: 08 Dec 2009 Last Revised: 10 Sep 2013
Daniel Hoechle, Markus Schmid, Ingo Walter and David Yermack
FHNW School of Business - Institute for Finance, University of St. Gallen - Swiss Institute of Banking and Finance, New York University - Leonard N. Stern School of Business and New York University (NYU) - Stern School of Business
Downloads 567 (45,994)
Citation 17

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15.

Does Price Fixing Benefit Corporate Managers?

NYU Working Paper No. FIN-13-002, University of St.Gallen, School of Finance Research Paper No. 2013/9
Number of pages: 56 Posted: 10 Mar 2013 Last Revised: 28 Oct 2017
Tanja Artiga González, Markus Schmid and David Yermack
VU University Amsterdam, University of St. Gallen - Swiss Institute of Banking and Finance and New York University (NYU) - Stern School of Business
Downloads 1,041 (20,035)

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Cartels, price fixing, corporate governance, executive compensation

16.

What's in it for Me? Personal Benefits Obtained by CEOS Whose Firms are Acquired

Presented at Tuck-JFE Contemporary Corporate Governance Conference
Number of pages: 32 Posted: 24 Jul 2000
Jay C. Hartzell, Eli Ofek and David Yermack
University of Texas at Austin - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 879 (25,725)
Citation 5

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Takeovers, acquisitions

17.

Golden Handshakes: Separation Pay for Retired and Dismissed CEOS

Number of pages: 34 Posted: 23 Sep 2004
David Yermack
New York University (NYU) - Stern School of Business
Downloads 868 (26,166)
Citation 75

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CEO turnover, severance pay

18.

The Michelle Markup: The First Lady’s Impact on Stock Prices of Fashion Companies

Number of pages: 41 Posted: 29 Apr 2010 Last Revised: 01 Dec 2011
David Yermack
New York University (NYU) - Stern School of Business
Downloads 730 (33,256)
Citation 2

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Fashion stocks, social media, Michelle Obama

19.

Altering the Terms of Executive Stock Options

Downloads 683 ( 36,415)
Citation 34

Altering the Terms of Executive Stock Options

New York University, Center for Law and Business, Working Paper No. 98-001
Number of pages: 32 Posted: 30 Aug 1998
Menachem Brenner, Rangarajan K. Sundaram and David Yermack
New York University (NYU) - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 636 (39,448)
Citation 66

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Altering the Terms of Executive Stock Options

NYU Working Paper No. FIN-98-010
Number of pages: 38 Posted: 07 Nov 2008
Menachem Brenner, Rangarajan K. Sundaram and David Yermack
New York University (NYU) - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 47 (400,633)

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20.

Is a Higher Calling Enough? Incentive Compensation in the Church

Downloads 664 ( 37,818)
Citation 3

Is a Higher Calling Enough? Incentive Compensation in the Church

Journal of Labor Economics, Forthcoming
Number of pages: 40 Posted: 19 Nov 2008 Last Revised: 28 Feb 2010
Jay C. Hartzell, Christopher A. Parsons and David Yermack
University of Texas at Austin - Department of Finance, Foster School of Business, University of Washington and New York University (NYU) - Stern School of Business
Downloads 525 (50,765)
Citation 1

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Compensation, Incentives, Churches, Religion

Is a Higher Calling Enough? Incentive Compensation in the Church

Journal of Labor Economics, Forthcoming, NYU Working Paper No. FIN-08-015
Number of pages: 40 Posted: 09 Mar 2009 Last Revised: 28 Feb 2010
David Yermack, Jay C. Hartzell and Christopher A. Parsons
New York University (NYU) - Stern School of Business, University of Texas at Austin - Department of Finance and Foster School of Business, University of Washington
Downloads 139 (205,940)
Citation 2

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21.

Taking Stock: Does Equity-Based Compensation Increase Managers' Ownership?

New York University, Center for Law and Business, Working Paper No. 98-014
Number of pages: 28 Posted: 28 Jul 1997
Eli Ofek and David Yermack
New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 657 (38,323)
Citation 194

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22.

Initial Coin Offerings: Financing Growth with Cryptocurrency Token Sales

Downloads 613 ( 42,033)
Citation 6

Initial Coin Offerings: Financing Growth with Cryptocurrency Token Sales

European Corporate Governance Institute (ECGI) - Finance Working Paper No. 564/2018
Number of pages: 63 Posted: 16 Jul 2018 Last Revised: 08 Apr 2019
Sabrina Howell, Marina Niessner and David Yermack
New York University (NYU) - Leonard N. Stern School of Business, AQR Capital Management, LLC and New York University (NYU) - Stern School of Business
Downloads 587 (43,964)

Abstract:

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Initial coin offerings, Fintech, blockchain

Initial Coin Offerings: Financing Growth with Cryptocurrency Token Sales

NBER Working Paper No. w24774
Number of pages: 64 Posted: 06 Jul 2018
Sabrina Howell, Marina Niessner and David Yermack
New York University (NYU) - Leonard N. Stern School of Business, AQR Capital Management, LLC and New York University (NYU) - Stern School of Business
Downloads 26 (495,378)
Citation 7
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23.

Do Corporations Award CEO Stock Options Effectively

NYU Working Paper No. FIN-94-054
Number of pages: 44 Posted: 11 Nov 2008
David Yermack
New York University (NYU) - Stern School of Business
Downloads 528 (50,999)
Citation 209

Abstract:

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24.

Ambiguity and the Tradeoff Theory of Capital Structure

Number of pages: 43 Posted: 21 Nov 2016 Last Revised: 20 May 2017
Yehuda (Yud) Izhakian, David Yermack and Jaime F. Zender
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance, New York University (NYU) - Stern School of Business and University of Colorado at Boulder - Department of Finance
Downloads 517 (52,369)

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Capital Structure, Ambiguity measure, Ambiguity aversion

25.

Managerial Entrenchment and Capital Structure Decisions

NYU Working Paper No. FIN-96-014
Number of pages: 48 Posted: 07 Nov 2008
Berger Philip G., Eli Ofek and David Yermack
affiliation not provided to SSRN, New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 493 (55,614)
Citation 173

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26.

Negative Hedging: Performance Sensitive Debt and CEOs' Equity Incentives

Downloads 452 ( 61,979)
Citation 4

Negative Hedging: Performance Sensitive Debt and CEOs' Equity Incentives

Number of pages: 43 Posted: 21 Aug 2007 Last Revised: 11 Dec 2007
Alexei Tchistyi, David Yermack and Hayong Yun
University of Illinois at Urbana-Champaign - Department of Finance, New York University (NYU) - Stern School of Business and Michigan State University - Department of Finance
Downloads 281 (106,194)
Citation 2

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Performance sensitive debt; equity compensation

Negative Hedging: Performance Sensitive Debt and CEOs' Equity Incentives

NYU Working Paper No. FIN-07-043
Number of pages: 54 Posted: 13 Nov 2008 Last Revised: 23 Sep 2009
Alexei Tchistyi, David Yermack and Hayong Yun
University of Illinois at Urbana-Champaign - Department of Finance, New York University (NYU) - Stern School of Business and Michigan State University - Department of Finance
Downloads 171 (172,841)
Citation 8

Abstract:

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Performance sensitive debt, equity compensation

27.

The Superior Performance of Companies with Small Boards of Directors

NYU Working Paper No. FIN-94-055
Number of pages: 36 Posted: 11 Nov 2008
David Yermack
New York University (NYU) - Stern School of Business
Downloads 373 (77,855)

Abstract:

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28.

The Michelle Markup: The First Lady's Impact on Stock Prices of Fashion Companies

NYU Working Paper No. 2451/29628
Number of pages: 34 Posted: 10 May 2010 Last Revised: 10 Sep 2013
David Yermack
New York University (NYU) - Stern School of Business
Downloads 368 (79,150)

Abstract:

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29.

Evasive Shareholder Meetings

Downloads 366 ( 79,655)

Evasive Shareholder Meetings

Number of pages: 51 Posted: 17 Mar 2014 Last Revised: 31 Dec 2016
Yuanzhi Li and David Yermack
Temple University - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 340 (86,124)

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Shareholder meetings, corporate voting

Evasive Shareholder Meetings

NBER Working Paper No. w19991
Number of pages: 47 Posted: 24 Mar 2014
Yuanzhi Li and David Yermack
Temple University - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 26 (495,378)

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30.

Life after a Shareholder Pay 'Strike': Consequences for ASX-Listed Firms

CIFR Paper No. 130/2016
Number of pages: 59 Posted: 30 Nov 2016 Last Revised: 10 Feb 2017
Martin Bugeja, Raymond da Silva Rosa, Yaowen Shan, Terry S. Walter and David Yermack
University of Technology, Sydney, The University of Western Australia - Department of Accounting and Finance, University of Technology Sydney (UTS) - School of Accounting, University of Sydney and New York University (NYU) - Stern School of Business
Downloads 359 (81,441)
Citation 3

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31.

On Rescissions in Executive Stock Options

Downloads 354 ( 82,774)
Citation 3

On Rescissions in Executive Stock Options

Number of pages: 31 Posted: 27 May 2002
Menachem Brenner, Rangarajan K. Sundaram and David Yermack
New York University (NYU) - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 287 (103,866)
Citation 2

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rescissions, executive stock options, incentives, valuation, taxes

On Rescissions in Executive Stock Options

NYU Working Paper No. FIN-02-014
Number of pages: 31 Posted: 03 Nov 2008
Menachem Brenner, Rangarajan K. Sundaram and David Yermack
New York University (NYU) - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 35 (449,401)

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On Rescissions in Executive Stock Options

NYU Working Paper No. S-CG-02-05
Number of pages: 32 Posted: 04 Nov 2008
Menachem Brenner, Rangarajan K. Sundaram and David Yermack
New York University (NYU) - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 32 (463,186)
Citation 2

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32.

You Can't Take it With You: Sunset Provisions for Equity Compensation when Managers Retire, Resign, or Die

Downloads 350 ( 83,877)
Citation 11

You Can't Take it With You: Sunset Provisions for Equity Compensation when Managers Retire, Resign, or Die

AFA 2008 New Orleans Meetings Paper
Number of pages: 40 Posted: 02 Oct 2006 Last Revised: 29 Feb 2012
Sandeep Dahiya and David Yermack
Georgetown University - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 311 (95,193)
Citation 2

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Executive Stock Options, Vesting, Early Exercise

You Can't Take it with You: Sunset Provisions for Equity Compensation When Managers Retire, Resign, or Die

NYU Working Paper No. FIN-06-016
Number of pages: 40 Posted: 13 Nov 2008
Sandeep Dahiya and David Yermack
Georgetown University - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 39 (431,898)
Citation 19

Abstract:

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33.

Credit Default Swaps, Agency Problems, and Management Incentives

Downloads 349 ( 84,145)
Citation 1

Credit Default Swaps, Agency Problems, and Management Incentives

Number of pages: 42 Posted: 21 Nov 2017 Last Revised: 05 Jun 2018
Jongsub Lee, Junho Oh and David Yermack
University of Florida - Warrington College of Business Administration, University of Florida, Warrington College of Business Administration, Students and New York University (NYU) - Stern School of Business
Downloads 341 (85,832)

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credit default swaps, agency, CEO compensation

Credit Default Swaps, Agency Problems, and Management Incentives

NBER Working Paper No. w24064
Number of pages: 43 Posted: 06 Dec 2017
Jongsub Lee, Junho Oh and David Yermack
University of Florida - Warrington College of Business Administration, University of Florida, Warrington College of Business Administration, Students and New York University (NYU) - Stern School of Business
Downloads 8 (611,989)
Citation 1
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34.

Risk, Ambiguity, and the Exercise of Employee Stock Options

Downloads 332 ( 89,066)
Citation 3

Risk, Ambiguity, and the Exercise of Employee Stock Options

Number of pages: 44 Posted: 10 Mar 2014 Last Revised: 18 May 2016
Yehuda (Yud) Izhakian and David Yermack
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and New York University (NYU) - Stern School of Business
Downloads 318 (92,824)

Abstract:

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Ambiguity aversion, Employee stock options

Risk, Ambiguity, and the Exercise of Employee Stock Options

NBER Working Paper No. w19975
Number of pages: 33 Posted: 19 Mar 2014
Yehuda (Yud) Izhakian and David Yermack
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance and New York University (NYU) - Stern School of Business
Downloads 14 (571,445)
Citation 6

Abstract:

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35.

Compensation and Top Management Turnover

NYU Working Paper No. FIN-98-051
Number of pages: 36 Posted: 11 Nov 2008
Hamid Mehran and David Yermack
Independent and New York University (NYU) - Stern School of Business
Downloads 297 (100,600)

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Incentives, Compensation, Ownership, Turnover

36.

Good Timing: CEO Stock Option Awards and Company News Announcements

Downloads 264 (114,036)

Good Timing: CEO Stock Option Awards and Company News Announcements

NYU Working Paper No. FIN-94-052
Number of pages: 38 Posted: 11 Nov 2008
David Yermack
New York University (NYU) - Stern School of Business
Downloads 196 (152,653)

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Good Timing: CEO Stock Option Awards and Company News Announcements

NYU Working Paper No. FIN-95-035
Number of pages: 50 Posted: 11 Nov 2008
David Yermack
New York University (NYU) - Stern School of Business
Downloads 68 (334,215)

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Good Timing: CEO Stock Option Awards and Company News Announcements

J. OF FINANCE, Vol. 50 No. 2, June 1997
Posted: 17 Mar 1997
David Yermack
New York University (NYU) - Stern School of Business

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37.

Investment Opportunities and the Design of Debt Securities

Downloads 245 (123,161)

Investment Opportunities and the Design of Debt Securities

NYU Working Paper No. FIN-95-026
Number of pages: 36 Posted: 11 Nov 2008
Marcel Kahan and David Yermack
New York University School of Law and New York University (NYU) - Stern School of Business
Downloads 178 (166,736)

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Investment Opportunities and the Design of Debt Securities

NYU Working Paper No. FIN-96-031
Number of pages: 26 Posted: 11 Nov 2008
Marcel Kahan and David Yermack
New York University School of Law and New York University (NYU) - Stern School of Business
Downloads 67 (336,942)

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Investment Opportunities and the Design of Debt Securities

Posted: 28 Feb 1997
Marcel Kahan and David Yermack
New York University School of Law and New York University (NYU) - Stern School of Business

Abstract:

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Investment Opportunities and the Design of Debt Securities

Journal of Law, Economics, and Organization, Vol. 14 No. 1, Spring 1998
Posted: 11 Apr 1998
Marcel Kahan and David Yermack
New York University School of Law and New York University (NYU) - Stern School of Business

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38.

Major League Baseball Player Contracts: An Investigation of the Empirical Properties of Real Options

Downloads 243 (124,147)

Major League Baseball Player Contracts: An Investigation of the Empirical Properties of Real Options

NYU Working Paper No. FIN-01-048
Number of pages: 32 Posted: 03 Nov 2008
Matthew Clayton and David Yermack
University of Southern California and New York University (NYU) - Stern School of Business
Downloads 134 (212,072)

Abstract:

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real options, baseball

Major League Baseball Player Contracts: An Investigation of the Empirical Properties of Real Options

NYU Working Paper No. S-DRP-01-13
Number of pages: 32 Posted: 07 Nov 2008
Matthew Clayton and David Yermack
University of Southern California and New York University (NYU) - Stern School of Business
Downloads 109 (248,059)

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real options, baseball.

39.

Wealth Creation and Destruction from Brooke Group's Tobacco Litigation Strategy

Downloads 225 (134,064)

Wealth Creation and Destruction from Brooke Group's Tobacco Litigation Strategy

NYU, Law and Economics Working Paper No. 00-007
Number of pages: 45 Posted: 07 Jun 2000
Sandeep Dahiya and David Yermack
Georgetown University - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 193 (154,899)

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Wealth Creation and Destruction from Brooke Group's Tobacco Litigation Strategy

NYU Working Paper No. FIN-99-050
Number of pages: 44 Posted: 11 Nov 2008
Sandeep Dahiya and David Yermack
Georgetown University - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 32 (463,186)

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40.

Golden Handshakes: Rewards for Ceos Who Leave

NYU Working Paper No. FIN-04-020
Number of pages: 40 Posted: 03 Nov 2008
David Yermack
New York University (NYU) - Stern School of Business
Downloads 224 (134,650)

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41.

Is Bitcoin a Real Currency? An Economic Appraisal

NBER Working Paper No. w19747
Number of pages: 24 Posted: 20 Dec 2013
David Yermack
New York University (NYU) - Stern School of Business
Downloads 195 (153,532)
Citation 60

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42.

Managerial Entrenchment and Capital Structure Decisions

NYU Working Paper No. FIN-95-011
Number of pages: 38 Posted: 11 Nov 2008
Philip G. Berger, Eli Ofek and David Yermack
University of Chicago, New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 195 (153,532)

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43.

Where are the Shareholders Mansions? Ceos Home Purchases, Stock Sales, and Subsequent Company Performance

NYU Working Paper No. FIN-07-042
Number of pages: 45 Posted: 13 Nov 2008
Crocker H. Liu and David Yermack
Arizona State University and New York University (NYU) - Stern School of Business
Downloads 191 (156,394)
Citation 7

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residential real estate, insider trading, CEO entrenchment, conspicuous consumption

44.

Donor Governance and Financial Management in Prominent U.S. Art Museums

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Donor Governance and Financial Management in Prominent U.S. Art Museums

Number of pages: 36 Posted: 30 Mar 2015 Last Revised: 13 Sep 2015
David Yermack
New York University (NYU) - Stern School of Business
Downloads 169 (174,679)

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Non profit, restricted donations, art museums, donor governance

Donor Governance and Financial Management in Prominent U.S. Art Museums

NBER Working Paper No. w21066
Number of pages: 35 Posted: 06 Apr 2015
David Yermack
New York University (NYU) - Stern School of Business
Downloads 20 (532,545)

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45.

Does Price Fixing Benefit Corporate Managers?

NYU Working Paper No. 2451/31732
Number of pages: 56 Posted: 26 Jun 2013 Last Revised: 28 Oct 2017
Tanja Artiga González, Markus Schmid and David Yermack
VU University Amsterdam, University of St. Gallen - Swiss Institute of Banking and Finance and New York University (NYU) - Stern School of Business
Downloads 154 (188,829)

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Cartels, price fixing, corporate governance, executive compensation

46.

Fintech in Sub-Saharan Africa: What Has Worked Well, and What Hasn't

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Fintech in Sub-Saharan Africa: What Has Worked Well, and What Hasn't

Number of pages: 33 Posted: 11 Sep 2018
David Yermack
New York University (NYU) - Stern School of Business
Downloads 132 (214,775)

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FinTech, Africa, legal heritage

Fintech in Sub-Saharan Africa: What Has Worked Well, and What Hasn't

NBER Working Paper No. w25007
Number of pages: 34 Posted: 17 Sep 2018
David Yermack
New York University (NYU) - Stern School of Business
Downloads 11 (591,563)
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47.

Does Price Fixing Benefit Corporate Managers?

Number of pages: 56 Posted: 07 Mar 2013 Last Revised: 28 Oct 2017
Tanja Artiga González, Markus Schmid and David Yermack
VU University Amsterdam, University of St. Gallen - Swiss Institute of Banking and Finance and New York University (NYU) - Stern School of Business
Downloads 130 (216,646)

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Price fixing, corporate governance, executive compensation

48.

What S in it for Me? Ceos Whose Firms are Acquired

NYU Working Paper No. FIN-01-049
Number of pages: 37 Posted: 03 Nov 2008
Jay C. Hartzell, Eli Ofek and David Yermack
University of Texas at Austin - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 125 (223,210)
Citation 92

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49.

Stock-Based Compensation and Top Management Turnover

NYU Working Paper No. FIN-96-035
Number of pages: 32 Posted: 11 Nov 2008
Hamid Mehran and David Yermack
Independent and New York University (NYU) - Stern School of Business
Downloads 112 (241,937)

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Compensation, Ownership, Incentives, Turnover

50.

The Michelle Markup: The First Lady’s Impact on Stock Prices of Fashion Companies

Number of pages: 41 Posted: 21 Mar 2011 Last Revised: 01 Dec 2011
David Yermack
New York University (NYU) - Stern School of Business
Downloads 106 (251,488)

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Fashion stocks, social media, Michelle Obama

51.

Major League Baseball Player Contracts: An Investigation of the Empirical Properties of Real Options

NYU Working Paper No. FIN-99-051
Number of pages: 33 Posted: 11 Nov 2008
David Yermack
New York University (NYU) - Stern School of Business
Downloads 104 (254,897)

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real options, baseball

52.

Companies' Modest Claims About the Value of CEO Stock Option Awards

Downloads 100 (261,741)
Citation 6

Companies' Modest Claims About the Value of CEO Stock Option Awards

NYU Working Paper No. FIN-96-042
Number of pages: 36 Posted: 11 Nov 2008
David Yermack
New York University (NYU) - Stern School of Business
Downloads 49 (393,328)

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Companies' Modest Claims About the Value of CEO Stock Option Awards

NYU Working Paper No. FIN-94-053
Number of pages: 36 Posted: 11 Nov 2008
David Yermack
New York University (NYU) - Stern School of Business
Downloads 28 (483,995)
Citation 4

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Companies' Modest Claims About the Value of CEO Stock Option Awards

NYU Working Paper No. FIN-95-034
Number of pages: 36 Posted: 11 Nov 2008
David Yermack
New York University (NYU) - Stern School of Business
Downloads 23 (513,582)

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Executive stock options, Disclosure, Valuation

53.

Does Equity-Based Compensation Increase Managers' Ownership?

NYU Working Paper No. FIN-98-052
Number of pages: 40 Posted: 11 Nov 2008
Eli Ofek and David Yermack
New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 56 (364,067)

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54.

Stockholder and Bondholder Reactions to Revelations of Large CEO Inside Debt Holdings: An Empirical Analysis

NYU Working Paper No. 2451/28340
Number of pages: 32 Posted: 26 Jun 2013
David Yermack and Wei Chenyang
New York University (NYU) - Stern School of Business and affiliation not provided to SSRN
Downloads 42 (411,427)

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55.

What S in it for Me? Personal Benefits Obtained by Ceos Whose Firms are Acquired

NYU Working Paper No. FIN-00-013
Number of pages: 33 Posted: 03 Nov 2008
Jay C. Hartzell, Eli Ofek and David Yermack
University of Texas at Austin - Department of Finance, New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business
Downloads 42 (411,427)
Citation 8

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56.

Smokescreen: How Managers Behave When They Have Something to Hide

NBER Working Paper No. w18886
Number of pages: 53 Posted: 15 Mar 2013
Tanja Artiga González, Markus Schmid and David Yermack
VU University Amsterdam, University of St. Gallen - Swiss Institute of Banking and Finance and New York University (NYU) - Stern School of Business
Downloads 37 (430,936)
Citation 1

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57.

Investment Returns and Distribution Policies of Non-Profit Endowment Funds

NBER Working Paper No. w25323
Number of pages: 47 Posted: 11 Dec 2018
Sandeep Dahiya and David Yermack
Georgetown University and New York University (NYU) - Stern School of Business
Downloads 33 (447,459)
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58.

You Can't Take it with You: Sunset Provisions for Equity Compensation When Managers Retire, Resign, or Die

NYU Working Paper No. CLB-06-014
Number of pages: 49 Posted: 31 Oct 2008
Sandeep Dahiyaa and David Yermack
affiliation not provided to SSRN and New York University (NYU) - Stern School of Business
Downloads 26 (481,278)

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59.

Ambiguity and the Tradeoff Theory of Capital Structure

NBER Working Paper No. w22870
Number of pages: 44 Posted: 22 Dec 2016
Yehuda (Yud) Izhakian, David Yermack and Jaime F. Zender
City University of New York, Baruch College - Zicklin School of Business - Department of Economics and Finance, New York University (NYU) - Stern School of Business and University of Colorado at Boulder - Department of Finance
Downloads 16 (537,893)

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60.

Board Members and Company Value

Financial Markets and Portfolio Management, Vol. 20, No. 1, pp. 33-48, 2006
Posted: 04 Apr 2006
David Yermack
New York University (NYU) - Stern School of Business

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Corporate governance, value of board member, stock

61.

CEO Ownership, Leasing, and Debt Financing

Financial Management, Vol. 28, Iss. 2, Summer 1999
Posted: 10 Aug 2001
Hamid Mehran, Robert A. Taggart and David Yermack
Independent, Boston College - Carroll School of Management and New York University (NYU) - Stern School of Business

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62.

Managerial Entrenchment and Capital Structure Decisions

J. OF FINANCE, Vol. 52 No. 4, September 1997
Posted: 07 Jul 1997
Philip G. Berger, Eli Ofek and David Yermack
University of Chicago - Booth School of Business, New York University (NYU) - Department of Finance and New York University (NYU) - Stern School of Business

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