Faculty News

Lord Mervyn King explains why the economic recovery following the peak in the coronavirus pandemic will depend critically on the policies governments put in place

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Excerpt from Yahoo Finance -- "You can’t, until we get an exit plan from the new world the coronavirus has created. 'I think it [the economic recovery] will look very different. It will depend critically on the policies governments put in place,' explained former Bank of England governor Lord Mervyn King on Yahoo Finance’s The First Trade."
Faculty News

Professor Jonathan Haidt's work on the moral foundations of politics is spotlighted

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Excerpt from The New York Times -- "But there have been more sophisticated and sympathetic efforts, too, like the influential work of New York University’s Jonathan Haidt on the 'moral foundations' of politics: Haidt argues that conservatives actually have more diverse moral intuitions than liberals, encompassing categories like purity and loyalty as well as care and fairness, and that the right-wing mind therefore sometimes understands the left-wing mind better than vice versa."
Faculty News

In a joint op-ed, Professors Michelle Greenwald and Ronni Burns offer 11 tips to increase attentiveness, engagement and success in online meetings

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Excerpt from Forbes -- "Below are tips Ronni and I came up with to help with a diverse range of audiences, both business and academic. Necessity is the mother of invention. I believe we’re all surprising ourselves with our abilities to adapt to teaching online in ways wouldn't have imagined as recently as 2 weeks ago, and finding it more satisfying than expected."
School News

Recent alumnus Sam Breslow (MBA '19) is profiled as part of Clear Admit's "Real Humans of Google" segment, spotlighting Stern's emphasis on preparing students with the skills needed to succeed in the tech industry

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Excerpt from Clear Admit -- "When I started to research schools in earnest, Stern also stood out for its flexibility, with a menu of core courses and a broad range of electives and specializations. In spite of its (well-earned) reputation as a more traditionally finance-focused business school, I also felt that Stern was (and is still today) one of the few top schools to place a real emphasis on preparing students for careers within the tech industry, which was particularly important to me given my background and interests."
Faculty News

Professor Michael North is quoted in an article examining how the coronavirus pandemic is fueling intergenerational strife

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Excerpt from San Francisco Chronicle -- "'Generational shaming is a time-honored tradition,' said Michael North, a business professor at New York University who has researched the recent spate of media standoffs between Baby Boomers and Millennials. 'What’s taking place now is a symptom of our inherent generational divide, not a cause.'”
Faculty News

Professor Adam Alter provides insight into why people spend more time than normal on social media during a pandemic

Excerpt from CNET -- "'For most of us, social media is a primary source of rapidly delivered news, updates from friends and a general method of connecting to the world,' said Adam Alter, an associate professor of marketing and psychology at New York University, who wrote a book about the addictive nature of technology. 'This is a unique situation,' he said of the pandemic, 'the fear of missing out on updates might be more extreme than it usually is.'"
Faculty News

Professor Anindya Ghose discusses how e-commerce and online shopping will continue to grow significantly in India during and after the coronavirus crisis

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Excerpt from NDTV -- “'In the gated communities and neighbourhoods of the larger cities in China, residents have organised small groups of volunteers via group chat apps to receive supplies at the gate for the whole community, box them for each household, and deliver them to people's doorsteps,' said Anindya Ghose, Heinz Riehl Chair Professor of Technology, Analytics and Marketing at NYU Stern School of Business. 'This is almost certainly something that can be done in many parts of India as mobile text messaging apps are also very popular in India and can enable this kind of grassroots coordination in large housing complexes and gated communities of India.'”
Research Center Events

Canceled: Global Fintech 2020: No Borders, No Barriers

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This event has been canceled. NYU Stern's Fubon Center for Technology, Business, and Innovation, and its Fintech initiative, will host Stern's fourth annual FinTech Conference on Friday, March 27, 2020. This year's conference will focus on Global Fintech 2020: No Borders, No Barriers.
Faculty News

Professor Dolly Chugh provides insight on academic research exploring the topic of unconscious bias

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Excerpt from Science Magazine -- "Eberhardt’s studies are 'strong methodologically and also super real-world relevant,' says Dolly Chugh of New York University’s Stern School of Business, a psychologist who studies decision-making."
Faculty News

A letter to G20 leaders, co-authored by Professor Michael Spence and 19 economists and global health experts, urging cooperation across countries and disciplines to fight the COVID-19 pandemic is published

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Excerpt from VoxEU -- "The COVID-19 pandemic is a two-pronged health and economic crisis, and requires a two-pronged response. Ahead of an extraordinary meeting of G20 Leaders, this letter signed by 20 economists and global health experts has one simple message: this crisis is global and requires unprecedented cooperation across countries and disciplines."
School News

Stern is recognized for its top ranking on U.S. News' "10 Best Business Schools for Finance" list

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Excerpt from U.S. News -- "The top business schools for finance prepare graduates to work in business administration and management. Students can often specialize in areas like investment banking and corporate finance. NYU Stern offers an MBA specialization in finance, and the school provides finance classes on topics ranging from bankruptcy and reorganization to volatility."
School News

Center for Business and Human Rights Deputy Director Paul Barrett is quoted in a story exploring the mounting pressure on Twitter to balance protecting political speech with cracking down on disinformation

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Excerpt from The Hill -- "'The situation illustrates the problematic nature of the policy which may make sense when we think about it in connection with American elected officials who we want to allow to debate the issues of the day even if they’re misleading,”' said Paul Barrett, deputy director of the New York University Stern Center for Business and Human Rights, 'But [it] looks very different when it is protecting foreign officials who for malign reasons are spreading flat out falsehoods about a pandemic.'"
Faculty News

Lord Mervyn King warns against viewing the coming economic downturn in the U.K. like a conventional recession or depression, noting that the government is deliberately pressing down on economic activity to deal with the coronavirus crisis

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Excerpt from Reuters -- "Former Bank of England Governor Mervyn King said on Monday that the economic challenge facing Britain was tougher than during the 2008-09 financial crisis and that public borrowing was likely to rise significantly. But he warned against viewing the coming economic downturn like a conventional recession or depression. 'In order to deal with a health crisis, the government is deliberately pressing down on economic activity ... and at some point there will be a rebound,' King said."
Faculty News

Professor Arun Sundararajan explains why the reliance on full-time employers to deliver safety-net benefits for workers had been breaking down long before the current coronavirus crisis, noting the need to refashion the social safety net

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Excerpt from Marketplace -- Professor Arun Sundararajan explains why the reliance on full-time employers to deliver safety-net benefits for workers had been breaking down long before the current coronavirus crisis, noting the need to refashion the social safety net.
School News

Recent alumnus Andrew Kwan (MBA '19) is profiled as part of Clear Admit's "Real Humans of Apple" segment, highlighting how Stern's focus on experiential learning helped prepare him for his career

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Excerpt from Clear Admit -- "NYU Stern provided the unique opportunity for me to apply my MBA education to the real world through its extensive experiential learning opportunities. Being based in NYC, Stern has many opportunities to interact with people and companies of all sizes and industries through formal consulting projects and informational coffee chats. I was fortunate enough to participate in many of these opportunities, including Stern Consulting Corps, Operations in NYC, and a “Doing Business In” course in Milan. This was a vital part of my decision making process since I knew I wanted to explore opportunities outside of financial services during my MBA."
Faculty News

Professor Thomai Serdari discusses how Dior's campaign around the J’Adore perfume reinforces its relationship with the flower farmers in the Grasse area

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Excerpt from Luxury Daily -- "'Reinforcing the heritage of Dior's perfumes and how far back the brand's relationships with the flower farmers in the Grasse area go is one of the goals of this campaign,' said Thomaï Serdari, founder of Brand(x)Lux and director of fashion and luxury MBA and professor at NYU Stern, New York."
Faculty News

The Center for Sustainable Business' Return on Sustainability Investment (ROSI™) methodology is highlighted

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Excerpt from GreenBiz -- "In the examples shared throughout the day, one common theme became clear. The companies that have adopted the ROSI framework have had the additional benefit of leveraging NYU’s research capabilities and the resources available from the Stern Center for Sustainable Business to help justify the quantification of the qualitative factors these firms have identified."
Faculty News

Professor Nouriel Roubini offers his perspective on the potential financial ramifications stemming from the coronavirus outbreak

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Excerpt from Business Insider -- "Roubini warned that a swift recovery looks unlikely as public-health responses in the US and other countries have 'fallen far short of what is needed,' and the stimulus package that Democratic and Republican senators are scuffling over is 'neither large nor rapid enough.'"
Faculty News

Joint research by Professor Viral Acharya on undrawn credit lines is highlighted

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Excerpt from Financial Times -- "This reflects the fact that banks remain 'the main source of liquidity insurance' for US companies, according to Sascha Steffen, a professor at the Frankfurt School of Finance, and Viral Acharya of NYU, who studied nearly $1tn of undrawn credit lines held by more than 2,400 US groups. That became clear as the market meltdown began on February 21 and corporate bond, loan and equity markets all gummed up."
Faculty News

In a live interview, Professor Edward Altman shares his perspective on the economic outlook amid the coronavirus pandemic

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Excerpt from Yahoo Finance -- “'Well, there’s no question now that we are heading into a recession, just about everyone is forecasting that. So my analysis has always been ‘what will happen when we go into a recession’, rather than ‘what’s happening, given the good times that we had until the beginning of this year’, and our analysis show that when you go into a recession, then the percentage of companies issuing debt has a percentage of GDP is very important.'"
Faculty News

Professor Lawrence White is quoted in a story exploring how businesses are stepping up to help fight the spread of coronavirus

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Excerpt from NBC News -- “'Whether it is trying to come up with a vaccine or trying to come up with better, more accurate or faster tests, this is a transformation,' said White. 'They expect to get paid for this, but it is still a pivot to something that is more focused on the national and international issue.'”
Faculty News

Professor Scott Galloway's recent blog post on the coronavirus outbreak and its long-term implications is published

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Excerpt from Business Insider -- "Primal instincts compel us to behave differently at times of panic. Yet how you act when nobody's looking, under stress or during a crisis, is the ink over the outline of your behavior when things are good. Remaining cool, calm, collected allows us to make strategic choices."
Faculty News

Professor Richard Sylla offers his perspective on the significance of the New York Stock Exchange moving to all-electronic trading indefinitely

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Excerpt from NBC News -- “'It’s really a bit of a facsimile of what it once was,' said Richard Sylla, a financial historian at NYU’s Stern School of Business and chairman of the Museum of American Finance. 'It’s a bit of a fossil now.'”
Faculty News

Professor Haran Segram comments in a story exploring how consumer 401K plans will be affected as a result of the recent downturn in the global economy

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Excerpt from Kurier -- "The investment advisors and brokers are currently busy to reassure clients. 'I advise patience,' says Haran Segram, Asisstant Professor at the New York University Stern School of Business."
Faculty News

Professor Holger Mueller's joint research on firm leverage during the Great Recession is cited

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Excerpt from InStore Magazine -- "In a 2017 study, Xavier Giroud (of MIT’s Sloan School of Management) and Holger Mueller (of NYU’s Stern School of Business) found that the vast majority of businesses that were shuttered during the Great Recession had become highly leveraged in the run-up to the downturn."