Details about David Larry Yermack

Access statistics for papers by David Larry Yermack.

Last updated 2023-02-24. Update your information in the RePEc Author Service.

Short-id: pye42

Working Papers

2024

1. Partisan Politics and Annual Shareholder Meeting Formats
   NBER Working Papers, National Bureau of Economic Research, Inc

2023

2. Bitcoin Mining Meets Wall Street: A Study of Publicly Traded Crypto Mining Companies
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2019

3. How Do Private Digital Currencies Affect Government Policy?
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (4)

2018

4. FinTech in Sub-Saharan Africa: What Has Worked Well, and What Hasn't
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (16)
5. Initial Coin Offerings: Financing Growth with Cryptocurrency Token Sales
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (52)
6. Investment Returns and Distribution Policies of Non-Profit Endowment Funds
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (6)

2017

7. Credit Default Swaps, Agency Problems, and Management Incentives
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (2)

2016

8. Ambiguity and the Tradeoff Theory of Capital Structure
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
9. Digital Currencies, Decentralized Ledgers, and the Future of Central Banking
   NBER Working Papers, National Bureau of Economic Research, Inc View citations (61)

2015

10. Donor Governance and Financial Management in Prominent U.S. Art Museums
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
11. Corporate Governance and Blockchains
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)

2014

12. Evasive Shareholder Meetings
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
13. Risk, Ambiguity, and the Exercise of Employee Stock Options
    NBER Working Papers, National Bureau of Economic Research, Inc

2013

14. Is Bitcoin a Real Currency? An economic appraisal
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (157)
15. Smokescreen: How Managers Behave When They Have Something To Hide
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (7)

2012

16. Tailspotting: Identifying and profiting from CEO vacation trips
    NBER Working Papers, National Bureau of Economic Research, Inc

2006

17. Golden Handshakes: Separation Pay for Retired and Dismissed CEOs
    SIFR Research Report Series, Institute for Financial Research View citations (68)
    See also Journal Article Golden handshakes: Separation pay for retired and dismissed CEOs, Journal of Accounting and Economics, Elsevier (2006) View citations (75) (2006)
18. Pay Me Later: Inside Debt and Its Role in Managerial Compensation
    SIFR Research Report Series, Institute for Financial Research View citations (11)

1999

19. Major League Baseball Player Contracts: An Investigation of the Empirical Properties of Real Options
    New York University, Leonard N. Stern School Finance Department Working Paper Seires, New York University, Leonard N. Stern School of Business-
20. Wealth Creation and Destruction from Brooke Group's Tobacco Litigation Strategy
    New York University, Leonard N. Stern School Finance Department Working Paper Seires, New York University, Leonard N. Stern School of Business-

1998

21. Altering the Terms of Executive Stock Options
    New York University, Leonard N. Stern School Finance Department Working Paper Seires, New York University, Leonard N. Stern School of Business- View citations (2)
    See also Journal Article Altering the terms of executive stock options, Journal of Financial Economics, Elsevier (2000) View citations (71) (2000)
22. CEO Involvement in the Selection of New Board Members: An Empirical Analysis
    New York University, Leonard N. Stern School Finance Department Working Paper Seires, New York University, Leonard N. Stern School of Business- View citations (9)

1997

23. Compensation and Top Management Turnover
    New York University, Leonard N. Stern School Finance Department Working Paper Seires, New York University, Leonard N. Stern School of Business- View citations (7)
24. Does Equity-Based Compensation Increase Managers' Ownership?
    New York University, Leonard N. Stern School Finance Department Working Paper Seires, New York University, Leonard N. Stern School of Business- View citations (5)

1996

25. Companies' Modest Claims About the Value of CEO Stock Option Awards
    New York University, Leonard N. Stern School Finance Department Working Paper Seires, New York University, Leonard N. Stern School of Business-
    See also Journal Article Companies' Modest Claims about the Value of CEO Stock Option Awards, Review of Quantitative Finance and Accounting, Springer (1998) View citations (16) (1998)
26. Good Timing: CEO Stock Option Awards and Company News Announcements
    New York University, Leonard N. Stern School Finance Department Working Paper Seires, New York University, Leonard N. Stern School of Business- View citations (1)
    See also Journal Article Good Timing: CEO Stock Option Awards and Company News Announcements, Journal of Finance, American Finance Association (1997) View citations (275) (1997)
27. Investment Opportunities and the Design of Debt Securities
    New York University, Leonard N. Stern School Finance Department Working Paper Seires, New York University, Leonard N. Stern School of Business- View citations (1)
    See also Journal Article Investment Opportunities and the Design of Debt Securities, The Journal of Law, Economics, and Organization, Oxford University Press (1998) View citations (35) (1998)
28. Managerial Entrenchment and Capital Structure Decisions
    New York University, Leonard N. Stern School Finance Department Working Paper Seires, New York University, Leonard N. Stern School of Business- View citations (6)
    See also Journal Article Managerial Entrenchment and Capital Structure Decisions, Journal of Finance, American Finance Association (1997) View citations (494) (1997)
29. Stock-Based Compensation and Top Management Turnover
    New York University, Leonard N. Stern School Finance Department Working Paper Seires, New York University, Leonard N. Stern School of Business- View citations (1)

Journal Articles

2006

1. Flights of fancy: Corporate jets, CEO perquisites, and inferior shareholder returns
   Journal of Financial Economics, 2006, 80, (1), 211-242 View citations (155)
2. Golden handshakes: Separation pay for retired and dismissed CEOs
   Journal of Accounting and Economics, 2006, 41, (3), 237-256 View citations (75)
   See also Working Paper Golden Handshakes: Separation Pay for Retired and Dismissed CEOs, SIFR Research Report Series (2006) View citations (68) (2006)

2003

3. Litigation exposure, capital structure and shareholder value: the case of Brooke Group
   Journal of Corporate Finance, 2003, 9, (3), 271-294 View citations (3)

2000

4. Altering the terms of executive stock options
   Journal of Financial Economics, 2000, 57, (1), 103-128 View citations (71)
   See also Working Paper Altering the Terms of Executive Stock Options, New York University, Leonard N. Stern School Finance Department Working Paper Seires (1998) View citations (2) (1998)

1999

5. CEO Ownership, Leasing, and Debt Financing
   Financial Management, 1999, 28, (2) View citations (20)

1998

6. Companies' Modest Claims about the Value of CEO Stock Option Awards
   Review of Quantitative Finance and Accounting, 1998, 10, (2), 207-26 View citations (16)
   See also Working Paper Companies' Modest Claims About the Value of CEO Stock Option Awards, New York University, Leonard N. Stern School Finance Department Working Paper Seires (1996) (1996)
7. Investment Opportunities and the Design of Debt Securities
   The Journal of Law, Economics, and Organization, 1998, 14, (1), 136-51 View citations (35)
   See also Working Paper Investment Opportunities and the Design of Debt Securities, New York University, Leonard N. Stern School Finance Department Working Paper Seires (1996) View citations (1) (1996)

1997

8. Good Timing: CEO Stock Option Awards and Company News Announcements
   Journal of Finance, 1997, 52, (2), 449-76 View citations (275)
   See also Working Paper Good Timing: CEO Stock Option Awards and Company News Announcements, New York University, Leonard N. Stern School Finance Department Working Paper Seires (1996) View citations (1) (1996)
9. Managerial Entrenchment and Capital Structure Decisions
   Journal of Finance, 1997, 52, (4), 1411-38 View citations (494)
   See also Working Paper Managerial Entrenchment and Capital Structure Decisions, New York University, Leonard N. Stern School Finance Department Working Paper Seires (1996) View citations (6) (1996)

1996

10. Higher market valuation of companies with a small board of directors
    Journal of Financial Economics, 1996, 40, (2), 185-211 View citations (1731)

1995

11. Do corporations award CEO stock options effectively?
    Journal of Financial Economics, 1995, 39, (2-3), 237-269 View citations (336)