David Yermack

Stern School of Business
New York University
44 West Fourth Street, Suite 9-160
New York, NY 10012
Tel: 212/998-0357
Fax: 212/995-4220

E-Mail: EmailAddress: hidden: you can email any NBER-related person as first underscore last at nber dot org
NBER Program Affiliations: LE
NBER Affiliation: Research Associate
Institutional Affiliation: New York University

NBER Working Papers and Publications

September 2019How Do Private Digital Currencies Affect Government Policy?
with Max Raskin, Fahad Saleh: w26219
December 2018Investment Returns and Distribution Policies of Non-Profit Endowment Funds
with Sandeep Dahiya: w25323
September 2018FinTech in Sub-Saharan Africa: What Has Worked Well, and What Hasn't
June 2018Initial Coin Offerings: Financing Growth with Cryptocurrency Token Sales
with Sabrina T. Howell, Marina Niessner: w24774
April 2018The Potential of Digital Currency and Blockchains
NBER Reporter 2018 number 1
November 2017Credit Default Swaps, Agency Problems, and Management Incentives
with Jongsub Lee, Junho Oh: w24064
November 2016Ambiguity and the Tradeoff Theory of Capital Structure
with Yehuda Izhakian, Jaime F. Zender: w22870
May 2016Digital Currencies, Decentralized Ledgers, and the Future of Central Banking
with Max Raskin: w22238
December 2015Corporate Governance and Blockchains

Published: David Yermack; Corporate Governance and Blockchains, Review of Finance, Volume 21, Issue 1, 1 March 2017, Pages 7–31, https://doi.org/10.1093/rof/rfw074

April 2015Donor Governance and Financial Management in Prominent U.S. Art Museums

Published: Yermack, D. J Cult Econ (2017) 41: 215. https://doi.org/10.1007/s10824-017-9290-4

March 2014Evasive Shareholder Meetings
with Yuanzhi Li: w19991

Published: in "Journal of Corporate Finance" Volume 38, June 2016, Pages 318-334

Risk, Ambiguity, and the Exercise of Employee Stock Options
with Yehuda Izhakian: w19975

Published: Yehuda Izhakian & David Yermack, 2017. "Risk, ambiguity, and the exercise of employee stock options," Journal of Financial Economics, vol 124(1), pages 65-85.

December 2013Is Bitcoin a Real Currency? An economic appraisal

Published: “Is Bitcoin a Real Currency?” in David K.C. Lee ed., The Handbook of Digital Currency (Elsevier, 2015), 31-44.

March 2013Smokescreen: How Managers Behave When They Have Something To Hide
with Tanja Artiga González, Markus Schmid: w18886
March 2012Tailspotting: Identifying and profiting from CEO vacation trips

Published: Journal of Financial Economics Volume 113, Issue 2, August 2014, Pages 252–269 Cover image Tailspotting: Identifying and profiting from CEO vacation trips ☆ David Yermacka, b,

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