Faculty News

Paul Romer is awarded the 2018 Nobel Prize in economics for integrating technological innovations into long-run macroeconomic analysis

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Excerpt from The New York Times -- "'It isn’t just that we exchange mutton for port,' Professor Romer said of the benefits of international trade. 'Probably the most important part of globalization is the sharing of knowledge that billions of people can all pursue in parallel.'"
Press Releases

Paul Romer
New York University Stern School of Business held a press conference with economist Paul Romer, winner of the 2018 Nobel Prize in Economics, on October 8, at 11am EDT.
Press Releases

Paul Romer
New York University Stern School of Business congratulates Paul Romer, who was awarded today the 2018 Nobel Memorial Prize in Economics Sciences, an honor which he shares this year with William Nordhaus.
Faculty News

Professor Jonathan Haidt's co-authored book, "The Coddling of the American Mind," is reviewed

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Excerpt from City Journal -- "Originating as a provocative Atlantic article, the book is no screed but rather a work of cultural criticism and social science, managing to do what few books on the culture wars achieve—persuade without alienating."
Faculty News

Professor Tülin Erdem is featured in a video interview about La Croix's use of the term "natural" in its marketing as the company faces a lawsuit over its ingredients

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Excerpt from NBC News -- "If you just say natural without any explanation, it may mean so many different things. It's not... a meaningful concept."
Faculty News

Professor Al Lieberman's comments on celebrity marketing during a panel discussion at Advertising Week are highlighted

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Excerpt from PR Week -- "'You wouldn’t buy a million-dollar house without doing some research,' he said. 'You have to do your due diligence and see if there are any skeletons in closet, whether it’s alcohol, drug abuse, or perhaps domestic violence. These are things you want to look into.'"
Faculty News

Professor Ruth Stevens comments on Maker Village's power to launch new startups in India

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Excerpt from India.com -- "'At a time when Maker Village is showing competence on par with successful international startups across the globe, an effective marketing strategy can take it to another level of proficiency,' said Prof Ruth P Stevens, Adjunct professor with Columbia University, NYU Stern University and IIM Bangalore."
Faculty News

Research by Professor Lawrence White and "Restoring Financial Stability," co-edited by Professors Viral Acharya and Matthew Richardson, with contributions from Professor White, is referenced

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Excerpt from Livemint -- "Another model proposed to prevent rating shopping came from White’s colleagues Viral Acharya and Matthew Richardson. In their book soon after the 2008 financial crisis, Restoring Financial Stability: How to Repair a Failed System, they suggested regulators create a centralized clearing platform for rating agencies."
Faculty News

Professor Susan Stehlik offers insights on the effectiveness of office polygraph tests

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Excerpt from BBC Capital -- "Susan Stehlik is a professor of management communication at New York University. She likens office polygraphs to a ‘stress test’ for young applicants she observed as an independent consultant for a major hedge fund. 'They’d say to a student, with four or five senior people in the room, give me the square root of 563,000,' she says. She says their rationale was: 'Well, if you’re going to be a trader, you need to know numbers.'"
Faculty News

In a contributed article, Professor Michelle Greenwald examines the growth of podcasts and their effectiveness as a marketing vehicle

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Excerpt from Forbes -- "For those brands that have not already jumped in, it might be worth a try. The content needs to add value to consumers' lives or it won't be worth their time to listen. If the content does add value and engage the target, a branded podcast can be a real win."
 
Press Releases

NYU Stern’s Creative Destruction Lab-New York City Selects 27 Startups for its Launch Cohort

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Last fall, NYU Stern School of Business announced the establishment of the first Creative Destruction Lab in the United States—CDL-NYC—to support the commercialization of early-stage science and deep technology startups. CDL-NYC received a landslide of applications for its inaugural 2018-19 cohort from founders associated with some of the top research institutes and academic institutions worldwide. CDL-NYC accepted 27 ventures with an admission rate of less than nine percent, becoming the most selective program in the CDL network.
Faculty News

Professor Adam Alter explains why many brands are publishing their own print magazines to connect with customers and establish a brand identity

Excerpt from Adweek -- "'Today, the quickest way to establish your brand is often by sharing content, by producing stand-alone content in the form of blog posts and images that are curated to showcase your brand, so it appeals to the consumers you’re targeting,' Alter said. A successful brand magazine, he said, could bring in advertising dollars and attract new subscribers to mailing lists. Once a company has that email, it could be used for promotional purposes and notifications about new product launches."
Faculty News

Professor Arun Sundararajan's book, "The Sharing Economy," is spotlighted

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Excerpt from Coinspeaker -- "'I came across Arun Sundararajan’s brilliant book called 'The Sharing Economy' discussing the end of traditional employment and the rise of crowd-based capitalism. It introduced how blockchain can open up new possibilities for reshaping the way we think about transparency, security, and ownership.'"
 
School News

Stern's MBA program is highlighted in a roundup of top programs for students seeking a career in banking

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Excerpt from Metro MBA -- "Stern’s banking curriculum spans topics such as bankruptcy management, microfinance, governmental policy and global banking, and more. A Stern MBA can offer a competitive edge in M&A, public finance, sales and trading, asset management and equity/fixed income research."
Faculty News

Stern's course offerings in Fintech, taught by Professors Sabrina Howell and David Yermack, are highlighted in an article on blockchain at US universities

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Excerpt from CoinDesk -- "New York University was one of the first schools to offer a blockchain related course. Since 2014, professors David Yermack and Geoffrey Miller have offered the 'Digital Currency, Blockchains and the Future of Financial Services' course, which focuses on 'the emerging role of digital currencies and blockchains in money, banking, and the real economy.' The Stern Business School’s 'Applications in Entrepreneurial Finance: Fintech', taught by Sabrina T. Howell, sheds light on the the financing dynamic of new blockchain ventures."
Faculty News

Professor Aswath Damodaran's book, "The Little Book of Valuation," is featured

Excerpt from GuruFocus -- "Damodaran wrote that too many investors think valuing an asset is too complex and complicated to master; as a result, they leave valuation to others, or simply ignore it. Yet, he argues, 'I believe that valuation, at its core, is simple, and anyone who is willing to spend time collecting and analyzing information can do it.'"
 
Faculty News

Professor Priya Raghubir is interviewed about the controversy around Fridababy’s advertising campaign for its product, the Momwasher

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Excerpt from Vox -- "'My first thought was, "Seriously? In this day and age? A person cannot say vagina without it being a bad word?" I thought we’d gotten over that with the Vagina Monologues, but we clearly haven’t,' Priya Raghubir, a professor of marketing at the NYU Stern School of Business, says of the Momwasher controversy."
Faculty News

Professor Batia Wiesenfeld is interviewed on the value of reframing one's thinking to find meaning at work, drawing from her research on role integration

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Excerpt from Fast Company -- "Wiesenfeld, who studies how people adapt to challenges in organizational life, explains that recognizing your true overarching goal gives your actions meaning, and 'people who are thinking in terms of meaning are more cognitively flexible and adapt better.'"
Faculty News

Professor Panos Ipeirotis is recognized as one of "45 under 45" Greek scientists producing the highest-impact publications worldwide

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Excerpt from Kathimerini -- (Translated from Greek using Google Translate) "Forty-five Greek scientists born from 1974 onwards have published papers with an influence on the top 0.1% of world science. Can we learn something if we look at where they are, where they are trained, what they are doing? Thirty-seven were born and/or grew up in Greece. Six have become members of the faculty here.... Out of the 40 who are abroad, 19 are in the US, seven in Great Britain. Most executives are top universities or research institutes."
School News

A panel discussion on "Innovating Investments for Climate Resilience," hosted by the Center for Sustainable Business, featuring Professor Robert Engle and moderated by Professor Tensie Whelan, is covered

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Excerpt from Sustainable Brands -- "As Engle pointed out, 'People living by the sea are worried about sea level rise, but the rest of us aren’t; people in California worried about wildfires, but the rest of us aren’t. What does it take to get everyone on the same page?'"
Faculty News

Professor John Horton's joint research on reputation inflation is included in a story on Amazon’s new 4-star store and online ratings

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Excerpt from Forbes -- "'On Uber and Lyft, it is widely known that anything less than 5 stars is considered "bad" feedback,' declared an academic paper released earlier this year by New York University's Stern School of Business. '…Nearly 90% of UberX Chicago trips in early 2017 had a perfect 5-star rating.'"
Faculty News

On the first episode of Pivot, a new podcast with Recode, Professor Scott Galloway predicts a potential acquisition of Snap Inc.

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Excerpt from Recode -- "'Snap needs something,' he said. 'I believe this company is going out of business ... Snap will not be an independent company by the end of 2019.'"
Faculty News

Professor Nouriel Roubini shares his views on why he believes the economy will experience a sharp economic slowdown and likely recession by 2020

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Excerpt from Fox Business -- "'I do expect a sharp economic slowdown and the likelihood of a recession by 2020,' said Roubini during an interview with FOX Business’ Maria Bartiromo. Because of an impending decrease in fiscal stimulus, this financial drag will get 'bigger and bigger' by 2025, he warned."