Research Center Events

NYU Teams Win $200K in Stern's 2014-2015 Entrepreneurs Challenge

2015 Entrepreneurs Challenge Kickoff
At the conclusion of an eight-month competition, NYU’s most promising innovators received a combined $200,000 in start-up cash at the annual $200K Entrepreneurs Challenge, held by NYU Stern’s Berkley Center for Entrepreneurship & Innovation.
Faculty News

Prof. Melissa Schilling on the unionization of Microsoft's contract workers

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Excerpt from Bloomberg -- "Collective bargaining is a poor fit for tech companies, says Melissa Schilling, a management professor at New York University’s business school. 'When you have an industry with a lot of technological change, you really need to preserve your ability to be nimble,' she says."
 
Faculty News

Prof. Jonathan Haidt's book, "The Righteous Mind," is featured

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Excerpt from The Washington Post -- "One of the messages of Haidt’s book The Righteous Mind is that the left and the right tend to have different moral 'foundations,' by which he means that they get emotional and intense about different kinds of moral situations. In Haidt’s analysis, it isn’t that the left (or environmental left) lacks emotionality, but rather that conservatives sense a broader suite of moral foundations related to loyalty, respect for authority, and disgust — as well as the more typically liberal moral foundations related to fairness and protecting the vulnerable from harm."
Faculty News

Prof. Jennifer Carpenter discusses China's introduction of deposit insurance

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Excerpt from Marketplace -- "'When investors think all this stuff is implicitly guaranteed, nobody’s doing credit analysis, nobody’s kicking the tires,' says Jennifer Carpenter, associate professor at NYU's Stern School of Business... 'The role of deposit insurance is actually to tell people what’s not insured,' says Carpenter."  
Faculty News

Prof. Scott Galloway discusses the "Dove Beauty Stories: Four Generations" marketing campaign

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Excerpt from USA Today -- "Taking a trip down memory lane isn't new for marketers, who use nostalgia to connect products to our 'need to love and be loved,' according to Scott Galloway, a clinical professor of marketing at New York University Stern School of Business... 'The idea of connecting emotion to a product is to a certain extent the definition of branding,' Galloway says."
Faculty News

Dean Peter Henry's Foreign Policy Association Medal is highlighted

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Excerpt from BizEd -- "The Foreign Policy Association (FPA) has awarded its Foreign Policy Association Medal to Peter Henry, economist and dean of New York University’s Stern School of Business. The FPA recognized Henry for his contributions to raising the public’s awareness of, understanding of, and participation in American foreign policy, as well as for his role in preparing future business leaders for a global economy. Past winners include former Secretary of State Hillary Clinton; William C. Dudley, president and CEO of the Federal Reserve Bank of New York; and Mo Ibrahim, founder of the Mo Ibrahim Foundation."
Faculty News

In an op-ed, NYU Global Research Prof. Ian Bremmer discusses Japan Prime Minister Shinzo Abe's visit to the US

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Excerpt from TIME -- "In Japan, Abe has the political capital to apologize for historical aggression, but chooses not to. Japan is too important to Obama’s 'pivot to Asia' strategy to risk estranging its leaders, especially with the critical Trans-Pacific Partnership trade deal on the horizon. If the pivot to Asia is to succeed and Japan’s new foreign policy ambitions are to be realized, America’s democratic allies in Asia need to find a way to move forward. Abe is talking in the U.S., but what matters is whether Asia is listening."
Faculty News

The DHL Global Connectedness Index, co-authored by Prof. Pankaj Ghemawat, is highlighted

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Excerpt from Politico -- "Pankaj Ghemawat of IESE Business School in Barcelona has estimated that foreign direct investment accounts for only 9 percent of all fixed investment worldwide. What is more, examining private finance alone is misleading. Many countries have public development banks, including export-import banks like America’s, whose mission is to promote national infrastructure development or to finance foreign sales of national companies. These embody statist mercantilism, the opposite of liberal globalization. Ghemawat and his colleagues have created a DHL Global Connectedness Index, which calculates that global connectedness is in decline—partly because of the rise in regionalism noted above."
Faculty News

Prof. Priya Raghubir on marketing missteps in Bud Light's label controversy

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Excerpt from Newsweek -- "...you need to be open to hearing criticisms of the campaign rather than just evidence in its favor. When companies or brands are launching a new advertising campaign, they often 'try to confirm what they would like to do rather than play devil’s advocate,' Raghubir says."
Faculty News

In an op-ed, Profs. Roy Smith and Brad Hintz evaluate Deutsche Bank's "Strategy2020" plan

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Excerpt from Financial News -- "Deutsche Bank’s strategy of limiting low return balance sheet positions is neither radical nor new. UBS and Morgan Stanley announced long ago their intentions to reduce reliance on capital markets businesses but retain their investment banking franchises. Barclays is constraining its fixed income unit. Credit Suisse has been pruning around the edges of trading businesses, and under new management this summer may cut further. Goldman and JP Morgan Chase have already cut back sufficiently to deliver returns near their cost capital."
Faculty News

Prof. Nouriel Roubini discusses the role of income inequality in the Baltimore riots

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Excerpt from CNNMoney -- "'The solution can't just be to send more police in the streets or the National Guard. People are desperate. We have to deal with this issue of poverty, of unemployment and economic opportunities,' the New York University economist known as 'Dr. Doom' said."
School News

Executive Director of MBA Admissions Alison Goggin discusses the benefits of getting an MBA

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Excerpt from TIME -- "We live in a constantly evolving world. Companies are changing the way they do things. New industries and types of companies are emerging. Having an MBA will ensure you are prepared to flourish in this environment. An MBA gives you a broad base of business knowledge, the confidence and the network to embark on any kind of opportunity, whether it’s at your current organization, a new one or in your own business."
School News

Research in Bangladesh by the Center for Business and Human Rights is highlighted

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Excerpt from The Guardian -- "...Bangladesh’s garment sector remains a risky place to do business and a dangerous place to work. An April 2014 report by the NYU Stern Center for Human Rights found that industry efforts to improve factory conditions had affected fewer than 2,000 of the estimated 5,000-6,000 workplaces. Complicating the issue, hidden subcontractors do much of the country’s textile manufacturing work. 'The worst conditions are largely in the factories and facilities that fall outside the scope of these agreements,' the report said."
Faculty News

In an op-ed, Prof. Michael Spence discusses economic slowdown in China

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Excerpt from Project Syndicate -- "A further slowdown in China is a distinct possibility. China’s leaders must do what it takes to ensure that such a slowdown is not viewed as secular trend – a perception that could undermine the consumption and investment that the economy so badly needs."
Faculty News

Prof. Nouriel Roubini shares his predictions for oil prices

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Excerpt from Bloomberg -- "I think that, over the next year and a half, gradually all [oil] prices are going to go higher. By the end of next year, it might be closer to... $70 a barrel for two reasons. One, demand is going to recover, but, more importantly, lower prices imply that high marginal cost producers... are going to produce less, and more importantly, everybody around the world is now reducing capital spending in the oil sector by 30% and over the next few years that reduction in capex spending is going to reduce the increase in supply in the future and therefore is going to affect prices in the future. But we're not going to go back to a world of... $100 per barrel."
Faculty News

Prof. Richard Sylla on the looting of small businesses during riots

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Excerpt from Inc. -- "Says Richard Sylla, a professor of economic and financial history at New York University's Stern School of Business, smaller businesses in such neighborhoods may also be seen as exploitative because they tend to charge higher prices, as they are competing on margin against much larger stores that can afford to charge less. 'A motivation [for looting] is that you are getting even with people who spend their year exploiting you,' Sylla says."
School News

Assistant Dean Isser Gallogly shares advice for MBA applicants

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Excerpt from Metro -- "We would like to see applicants take ownership of the application process and to be accountable. Ultimately, it's your application and you need to be responsible for your part of the process."
Faculty News

Prof. Adam Alter explains how weather can impact athletic performance, from his book, "Drunk Tank Pink"

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Excerpt from USA Today -- "'Humans and other animals tend to glide through life unless they encounter a reason to engage more deeply with the world,' Alter said. 'Harsher weather tends to temporarily dampen your mood, which acts as a signal that everything isn't OK in the world. That makes you more vigilant and potentially hard-working, whereas sunshine can dampen your motivation by signaling that all is right in the world.'"
Faculty News

Prof. Michael Spence's theory of signaling is featured

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Excerpt from Bloomberg View -- "Spence realized that there is a lot of information asymmetry in the job market. Employers want employees who are smart, conscientious, hard-working and team-oriented. But they can’t tell most of those things from an interview or two. So prospective employees might prove themselves by getting some credential -- completing some difficult educational program -- to prove they have what it takes. Thus was born the signaling theory of education."
Faculty News

In an op-ed, Prof. Pankaj Ghemawat warns that Russia is not an ideal economic partner for Greece

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Excerpt from Quartz -- "Encouraging stronger ties to Russia might increase the Russian share in some of these metrics, but the European Union continues to be a more attractive partner for Greece. Athens should be careful; Russia is in no position to replace European support of the Greek economy."
Faculty News

Prof. Roy Smith reacts to Deutsche Bank's "Strategy 2020" reorganization plan

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Excerpt from The New York Times -- "'If anything you would have to say this is a muddling through,' said Mr. Smith, who has written about Deutsche Bank’s strategy. Deutsche Bank remains enormously complex and difficult to manage, he said. 'It’s a big bull of a bank,' Mr. Smith said. Mr. Smith pointed out that the name of the reorganization plan, Strategy 2020, means that even if Deutsche Bank meets all its goals, it will still have been 12 years since the beginning of the financial crisis 'before they get to some kind of equilibrium.'"
Faculty News

Prof. Robert Salomon on the risks of doing business internationally

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Excerpt from The Washington Post -- "'Even for the most successful multinationals, profit margins in international markets are on average lower than margins in the domestic market,' said Robert Salomon, a professor of international management at the NYU Stern School of Business. 'It’s the liability of foreign markets. By virtue of the fact that you are foreign, you are at a disadvantage.'"
 
Faculty News

Prof. David Yermack on disagreements within family-run corporations

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Excerpt from The New York Post -- "David Yermack, a New York University business professor who specializes in corporate governance, said family feuds in boardrooms don’t readily resolve themselves. 'You need stability in the founding family or the company is likely to face all kinds of disruption,' he said. 'It often hurts productivity in that management gets caught in the middle after implicitly being asked to choose sides.'"
Faculty News

Prof. Nicholas Economides discusses the likelihood of a Greek bankruptcy

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Excerpt from Bloomberg -- "The problem is that the Europeans, at the time that they had a chance to make a deal with the previous coalition government... When they had the chance, they didn't really do it... and then the extreme left gets elected and now it's very hard to make a deal. Greece has a good chance of going to bankruptcy, to actually not able to pay its loans in the near future, the next few weeks."
School News

The Center for Business and Human Rights's research to map garment factories in Bangladesh is covered

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Excerpt from Quartz -- "Meanwhile, one small team of researchers at NYU’s Stern Center for Business and Human Rights has made it their mission to put all of Bangladesh’s garment factories on a single map. 'You can’t do anything to fix something,' Nayantara Banerjee, a Stern graduate fellow and the project’s manager, told Quartz, 'if you can’t find it.'"