David Yermack Lecture
- 11 October 2017,
- Wesfarmers Lecture Theatre,
UWA Business School
(Hackett Entrance No 4)
- General Public, Faculty/Staff, Students, Alumni
How FinTech is Changing the Face of Business and Finance
A public lecture by Professor David Yermack, Chairman, Finance Department, Stern School of Business, New York University and UWA Institute of Advanced Studies Visiting Fellow.
The finance industry, which earns disproportionate profits, is set to be revolutionised by advances in financial technology (FinTech) rendering many finance jobs obsolete. The changes also challenge our existing notions of money and value.
In this public lecture, David Yermack, a leading authority on FinTech, will provide an accessible guide to the FinTech revolution and its implications for both laypersons and finance professionals.
Professor David Yermack is the Albert Fingerhut Professor of Finance and Business Transformation and Chairman of the Finance Department at New York University’s Stern School of Business, where he has been a member of the faculty since 1994. He is also an Adjunct Professor of Law at the NYU School of Law, Director of the NYU Pollack Center for Law and Business, and a Research Associate of the National Bureau of Economic Research law and economics program.
In 2014, Professor Yermack began teaching a full semester course at NYU on Digital Currency and Blockchains with his Law School colleague Professor Geoffrey Miller. The course was the first in the world on this topic at a major research university, and it now draws more than 100 students annually. NYU Stern launched a FinTech MBA specialization in 2016 and this program will offer more than 10 FinTech courses in an interdisciplinary joint venture between its Finance and Information Systems departments.
In addition to his recent research on blockchains and digital currencies, Professor Yermack has published some of the most cited papers in the fields of executive compensation and corporate governance. He has also written papers on such diverse topics as options in baseball player contracts, incentive compensation for clergymen, tobacco litigation, fraudulent charitable contributions, CEOs’ mansions, and the fashion industry. Professor Yermack was awarded AB (1995), MBA (1991), JD (1991), AM (1993) and PhD (1994) degrees, all from Harvard University. He has been appointed as a visiting professor at 12 international universities, a visiting scholar at the Federal Reserve Banks of New York and Philadelphia, and has given invited research seminars at more than 100 universities and institutes worldwide.