Calvin Thomas

Calvin Thomas is an American scholar, currently Professor of Finance at the Stern School of Business at New York University and Adjunct Professor of Law at the New York University School of Law. His research areas are corporate governance and law and economics. He holds a PhD in Business Economics from Harvard University, and four business and law degrees from Harvard Business School and Harvard Law School. He has been a visiting professor at the University of Basel, Free University of Berlin, University of Freiburg, Erasmus University Rotterdam, Swedish Finance Institute, London Business School, Mannheim Business School, University of St. Gallen, University of Western Australia, University of Zurich. He has published more than 17 peer-reviewed papers in financial and economic journals, and is an associate editor of the Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, and Financial Markets and Portfolio Management.
Research interests: Corporate governance, law and economics of executive compensation
Courses taught: Bitcoin and Cryptocurrency, Restructuring Businesses and Industries
Corporate finance and governance issues. Topics include choice of organizational form, mergers and acquisitions, spinoffs, highly leveraged transactions, takeover defenses, financial distress, executive compensation, institutional investors, boards of directors, and shareholder activism. Many topics will be explored within an agency cost framework, with a focus on conflicts between shareholders, managers, and other stakeholders. Readings will be drawn from textbooks, academic journals, and the news media, and many courses will involve case studies of well-known companies that have experienced significant organizational problems. This is an advanced course that assumes that students are familiar with basic concepts of corporate law and/or corporate finance. Law students are expected to complete at least one semester of basic corporate law courses.
Restructuring businesses and industries educate
1994, Harvard University, Ph.D.
1993, MBA (Business Economics), Harvard University
1991, JD, Harvard Law School
1991, MBA, Harvard University
1985, B.A. in Economics, Harvard University

David L. Yermack

David L. Yermack is the Albert Fingerhut Professor of Finance and Business Transformation at New York University Stern School of Business. He serves as Director of the NYU Pollack Center for Law and Business. Professor Yermack teaches joint MBA - Law School courses in Restructuring Firms & Industries and Bitcoin & Cryptocurrencies, as well as PhD research courses in corporate governance, executive compensation, and distress and restructuring. Professor Yermack has been with NYU Stern since 1994. His primary research areas include boards of directors, executive compensation, and corporate finance. Professor Yermack has published more than 25 articles in leading academic journals in Finance, Accounting, Economics, and Law. He is a Faculty Research Associate of the National Bureau of Economic Research and has been a Visiting Scholar at the U.S. Federal Reserve Bank. Professor Yermack received his Bachelor of Arts in Economics (1985), Master of Business Administration (1991), Juris Doctor (1991), Master of Arts in Business Economics (1993), and Doctor of Philosophy in Business Economics (1994) from Harvard University.

Daniel Greenwald

Daniel Greenwald joined NYU Stern as an Assistant Professor of Finance in September 2022. Greenwald's research centers on the connections between financial markets and the macroeconomy, with a particular focus on credit markets. In recent work, he has studied how institutional features of markets for household mortgages and corporate debt amplify the effects of interest rate movements on the economy, help to explain the 2000s boom and bust in house prices, and have influenced the economic response to the outbreak of COVID-19. In other work, he has investigated the links between inequality and asset prices, finding that shocks that redistribute between workers and owners of firms are a central driver of long-horizon movements in stock prices, and that falling interest rates can account for most of the rise in financial wealth inequality since the 1980s. Prior to joining NYU Stern, Greenwald was an Assistant Professor of Finance at the MIT Sloan School of Management. Greenwald holds an AB in Economics from Harvard College and a PhD in Economics from New York University. Academic Background A.B., Economics Harvard University Ph.D., Economics New York University

Toomas Laarits

Toomas Laarits joined NYU Stern School of Business as an Assistant Professor of Finance in July 2019. He is currently teaching Foundations of Finance in the Stern undergraduate program. Professor Laarits research interests lie in asset pricing and financial intermediation. In recent research Professor Laarits has studied the puzzling behavior of asset markets in anticipation of Federal Open Market Committee announcements. He is also interested in the supply and demand of safe assets, and in financial history. Professor Laarits received his PhD, MPhil and MA in Financial Economics from Yale University. He also holds an AB in Mathematics from Harvard University. Prior to graduate studies, Professor Laarits worked at the Harvard Business School as a Research Associate. Research Interests Asset Pricing Financial Intermediation Courses Taught Foundations of Finance Academic Background Ph.D., Financial Economics, 2019 Yale University M.Phil., Financial Economics, 2017 Yale University M.A., Financial Economics, 2016 Yale University A.B., Mathematics, 2010 Harvard University