David Yermack
New York University
1 paper in the Anchorcite directory, published in 1996, cited 6,860 times in total.
ORCID profileResearch topics
- Corporate Finance and Governance · 1 paper
- Auditing, Earnings Management, Governance · 1 paper
- Financial Reporting and Valuation Research · 1 paper
Papers
- Higher market valuation of companies with a small board of directorsJournal of Financial Economics · 1996 · 6,860 citations
I present evidence consistent with theories that small boards of directors are more effective. Using Tobin's Q as an approximation of market valuation, I find an inverse association between board size and firm value in a sample of 452 large…
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