David Yermack

Jul 18, 2024 | corpgov.law.harvard.edu | David Yermack

American Politics, CEOs, COVID-19, ShareholdersMore from: David Yermack, Lily Yuanzhi LiDavid Yermack is the Albert Fingerhut Professor of Finance and Business Transformation at New York University Stern School of Business; and Lily Yuanzhi Li is an Assistant Professor of Finance & Real Estate at Villanova University. This post is based on their recent paper.

Jul 3, 2024 | nber.org | Yuanzhi Li |David Yermack

We study companies’ decisions about holding annual shareholder meetings on-line during the Covid pandemic, and returning to classical in-person meetings post-pandemic. Among S&P 1500 companies, the frequency of virtual meetings shot up from less than 10 percent to more than 80 percent in the first year of the pandemic, with only gradual reversion to in-person meetings since then. Partisan politics has significant associations with these decisions.