Faculty News

Research by Prof. Adam Alter on information processing is cited

Excerpt from Discover Magazine -- "Another cue that triggers deeper thinking is a feeling of fluency in processing, or an impressionistic sense of how easy or difficult it is to process certain information. If it feels hard, this is a signal to switch to slower thinking. For example, in a study led by Adam Alter, subjects had to answer math problems ... "
Faculty News

"Winning Investors Over" by Prof. Baruch Lev is reviewed

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Excerpt from Strategy + Business -- "The author’s take on corporate social responsibility (CSR) is particularly insightful. ... Lev argues that firms should undertake CSR initiatives only if the initiatives can provide a unique contribution on the basis of the firm’s capabilities."
Faculty News

Prof. Anindya Ghose on RIM's Blackberry

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Excerpt from MSNBC -- "Anindya Ghose, an associate professor of management at New York University’s Stern School of Business, reckons RIM needs a new, visionary leader to help the company pull out of its tailspin. 'To put it bluntly, they need someone like Steve Jobs,' he said."
Faculty News

In an op-ed, Prof. Nouriel Roubini discusses Russia's place in the global economy

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Excerpt from Financial Times -- "Russian membership in western organisations is not exactly yielding positive results. The G7+1 cannot become a G8 until Russia begins to act like a mature free-market democracy."
Faculty News

Prof. Arun Sundararajan on IT and immigration policy

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Excerpt from CNBC -- "'Good immigration policy can be used selectively as a way to get newer and hard to find IT capabilities,' contends Sundararajan. 'It won't solve the entire shortage, but you can hire higher quality IT workers globally.'"
Faculty News

Prof. Anindya Ghose's research on using social media in the workplace is cited

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Excerpt from NPR -- "People who think it's isolating cite research that links Facebook to loneliness and depression. But in a case study from [Anindya Ghose at] New York University, people who posted on an internal blog at one company actually sparked conversation and increased productivity."
Faculty News

An op-ed by Prof. Roy Smith on JP Morgan's trading loss and limiting regulation of shadow banking

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Excerpt from Financial News -- " ... both regulators and pundits should relax and let the rules they have already in place, and others to be implemented soon, de-risk systemically important banks."
Faculty News

In an op-ed, Prof. Aswath Damodaran discusses allegations that Facebook's IPO was a conspiracy

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Excerpt from CNN -- "What are the lessons to take from this mess? First, don't assume that bankers, experts and analysts know what they are talking about. When they tout an investment, be especially skeptical if they have a stake in it."
Faculty News

Nobel Laureate Prof. Michael Spence on the future of the euro zone

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Excerpt from Bloomberg TV -- "I think Spain is in a position where they can stay in the euro zone, stabilize the trajectory of the fiscal side of the house and eventually restore the growth and the employment momentum."
Faculty News

Prof. Thomas Cooley discusses Spanish banks and the euro zone in an interview

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Excerpt from The New York Times Business Day Live -- "There's a lot of uncertainty about size and solvency of deposit insurance funds and that caused a lot of unrest in Spain about Spanish banks."
Faculty News

Prof. Xavier Gabaix's research on shrouded prices is featured

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Excerpt from MSNBC -- "Gabaix argues that it's impossible for consumers to intelligently shop for printers. No consumer knows how much ink costs -- the cartridges don't come in standard sizes, the amount of ink used to print varies and ink costs are unpredictable. That makes the true price of a printer 'shrouded,' in Gabaix's terminology."
Faculty News

Prof. Viral Acharya on Spain's fiscal condition

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Excerpt from International Business Times -- "'Spain's fiscal condition has looked far more precarious than at the beginning of the year,' said Dr. Viral Acharya, Professor of Economics at New York University's Stern School of Business' Department of Finance."
Faculty News

Prof. Arun Sundararajan says anonymous data is now a "gray area"

Excerpt from GigaOM -- " ... rules about protecting users’ personally identifiable information aren’t as meaningful as they once were. During a recent conversation with NYU Stern School of Business professor Arun Sundararajan about intent-based privacy, he called anonymity a 'gray area.'"
Faculty News

Prof. Thomas Philippon argues for a Eurobills market

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Excerpt from The Wall Street Journal -- "'A market for Eurobills can start small, improve financial stability and banking regulation, and provide much needed liquidity to solvent countries,' say its creators, French economist Christian Hellwig and New York University economist Thomas Philippon."
School News

Assistant Dean Isser Gallogly on Stern's part-time MBA program

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Excerpt from Find-MBA.com -- "Isser Gallogly, assistant dean of MBA admissions at NYU's Stern School of Business, Stern's part-time program is generally for 'people who like their industry, like their function, and are seeking the knowledge that an MBA program can provide them to do better and go further in their careers.'"
Faculty News

Prof. Thomas Cooley on the euro zone crisis

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Excerpt from The New York Times -- “I don’t think we’ll get all the way to the unraveling of the euro system. The way they are approaching solutions to it is the one that’s going to cause the most possible pain and damage to the countries on the periphery.”
School News

Maria Bartiromo's speech at the 2012 Stern Graduate Convocation ceremony is featured

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Excerpt from Business Insider -- "CNBC anchor Maria Bartiromo delivered the commencement address at NYU Stern last week, and she told graduates about the time in 1993 when Lou Dobbs said she was making the biggest mistake of her career by leaving CNN."
Faculty News

Research by Prof. Aswath Damodaran on miners' return on capital is cited

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Excerpt from Reuters blog -- "Miners’ average return on capital was 19 percent in January, according to data from Aswath Damodaran at New York University. The industry’s average cost of capital in 10 percent. Fast back to 2000, before the China boom kicked off, and returns were at 6 percent."
Faculty News

Prof. Anindya Ghose on the Facebook IPO

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Excerpt from MSNBC -- "Anindya Ghose, an associate professor at NYU’s Stern School of Business, reckons the bankers pricing the deal overestimated the company’s projected revenue growth rate. With a more modest outlook for future revenue growth, he reckons Facebook shares would be worth a price 'in the mid to upper 20s' -- closer to the first estimate of $28 the company gave investors."
Faculty News

Prof. Anindya Ghose comments on the price of Facebook stock

Excerpt from Ignites -- "The correct price for the stock is in the upper 20s, according to Anindya Ghose, associate professor and Robert & Dale Atkins Rosen faculty fellow at the NYU Stern School of Business. He notes several factors that may be contributing to the falling share price: Facebook CEO Mark Zuckerberg, who he says is not very popular with investors, bad timing, the structure of the IPO and concerns about Facebook itself."
Faculty News

Research by Prof. Thomas Philippon finds the financial industry less efficient than in the past

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Excerpt from The New York Times -- "In fact, for all its innovation, the financial industry of today is less efficient than it was in the age of the railway, according to research by Thomas Philippon at New York University. That is, it charges the rest of society more for financial intermediation than it did 130 years ago."
Faculty News

An op-ed by Nobel Laureate Prof. Michael Spence on why some economies stop growing

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Excerpt from Project Syndicate -- "If invested in infrastructure, education, and external financial assets, natural-resource revenues can accelerate growth. But, too often, such revenues distort economic incentives, which come to favor rent-seeking and interfere with the diversification that is essential for growth."
Faculty News

Prof. Kim Schoenholtz on the US bond market

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Excerpt from US News & World Report -- "'The bond market is not imposing discipline on us as borrowers,' says Kim Schoenholtz, professor of management practice at NYU's Stern School of Business. 'Often countries are compelled to [consolidate] when markets charge them a risk premium. For the moment markets are not charging the U.S. a risk premium.'"
Faculty News

An op-ed by Prof. Ralph Gomory on rebuilding US manufacturing in a mercantilist world

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Excerpt from The Huffington Post -- "So even in a mercantilist world, and even within the limited framework of what we have traditionally done, we could act to incent production here and to balance trade."
Faculty News

Prof. Vicki Morwitz's research on budgeting by month vs. by year is cited

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Excerpt from US News & World Report -- "Research by the University of Southern California's Gulden Ulkumen, Cornell University's Manoj Thomas, and New York University's Vicki Morwitz found that college students were about 40 percent off-target when budgeting by the month, but only 3 percent off when thinking by the year."