PUBLIC LECTURE: Public Lecture: Identifying and profiting from the vacation schedules of major company CEOs
|Public Lecture: Identifying and profiting from the vacation schedules of major company CEOs : Professor David L. Yermack
What happens when chief executives go on vacation? In this lecture, New York University Stern School of Business Professor David Yermack will show how to identify vacations of CEOs by tracking movements of their corporate jets to leisure destinations where they own property. CEOs tend to announce favourable news for investors just before leaving and just after returning from vacation. While they are away, companies disclose little information, stock prices behave quietly with lower volatility than usual, and companies are more likely to miss regulatory deadlines
for disclosing news. All of these patterns create trading opportunities for investors. The data show that even in very large organisations, the absence or presence of a single individual can affect daily operations.
About the Speaker:
Professor David L. Yermack is the Albert Fingerhut Professor of Finance and Business Transformation at New York University Stern School of Business, a position he has held since 2009. He specialises in executive compensation, executive stock options, boards of directors, corporate finance, corporate governance, sports economics and law and
finance. His works are widely published in top journals in the field, including Journal of Financial Economics, Journal of Finance, and Journal of Law, Economics, and Organizations.
RVSP by 20 March. Visit www.business.uwa.edu.au/school/specialeventregistration
- Locations of venues on the Crawley and Nedlands campuses are
available via the Campus Maps website.
- Download this event as:
Mail this event: