Faculty News

Professor Lawrence White is quoted in a story exploring the recent troubles of Wells Fargo

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Excerpt from S&P Global -- "Lawrence White, an economist at New York University's Stern School of Business who specializes in financial regulation, expressed a similar view. Today's Wells Fargo can say 'this happened in the past,' White said in an interview. 'It does allow them to move forward a bit more.'"
Faculty News

Professor Aswath Damodaran shares his thoughts on the value of Tesla and asserts that Elon Musk is the company's biggest danger to future growth

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Excerpt from WIRED -- "Aswath Damodaran, a professor of finance at the Stern School of Business at New York University and an expert in market valuations, says that Tesla's rise in the last six months can largely be attributed to one single thing: Musk has been uncharacteristically quiet."
Faculty News

Joint research from Professors Robert Engle and Johannes Stroebel on hedging portfolios against climate change risk is cited

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Excerpt from The New York Times -- "A new paper, Hedging Climate Change News, from a group of professors at New York University’s Stern School of Business and Yale’s School of Management concluded that creating the best portfolio to mitigate climate change required investors to put money into green strategies but also into existing, non-green companies."
Faculty News

In a feature story on the success of Apple, Professor Ari Ginsberg notes that incremental innovation is not always less desirable than disruptive innovation

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Excerpt from Investor Place -- "'Under the leadership of Steve Jobs, Apple became a famous tech company for harnessing its disruptive innovations to [drive] explosive performance, particularly [in] its iPhone and iPad products,' says Ginsberg. 'In contrast, under the leadership of Tim Cook it has become a stable, market-leading company that now continuously adds incremental innovations to their current product lines.”'
Faculty News

In an in-depth interview, Professor Vasant Dhar shares insights on how machine learning will affect the future of trading

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Excerpt from Real Vision Finance -- “'It boils down to experience. Making mistakes, it’s important to make mistakes…You learn through your mistakes, and in a domain like this you can make lots of mistakes, because it’s treacherous, it’s a noisy kind of problem…every bone in your body should be telling you to figure out what’s wrong with something that seems to work because most things should not work…so there’s really no substitute for experience.'”
Faculty News

Professor Paul Hardart is quoted in a story examining how streaming services measure key metrics of success

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Excerpt from Yahoo News -- Paul Hardart, a former Warner Bros. executive and current head of the Entertainment, Media and Technology Program at NYU, agreed, saying the 'key metric' for services 'remains subscriber acquisition and retention'; this is an 'implicit reflection of utility,' Hardart added."
Faculty News

Professor Lawrence White explains why the DOJ's proposed remedy for the Sprint & T-Mobile merger is insufficient

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Excerpt from MarketScale -- “'Now in that market, Sprint and TMobile occupy a much bigger place than they do in the standard retail market because they’ve been more aggressive, they’ve been looking out to see opportunities for resale, and one of the reasons why they’ve been more aggressive here is, in a sense, they have less to lose in the standard retail market because they are smaller players in the standard retail market.'"
Faculty News

Scholar-in-Residence Gary Friedland is quoted in a story focusing on the impact of the new EB-5 regulations on the real estate industry, from his research with Professor Jeanne Calderon

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Excerpt from BisNow -- "'Fewer immigrants will be able to afford the higher minimum investment levels,' said NYU Stern School of Business Scholar-in-Residence Gary Friedland. 'But the increased minimum investment amounts will require fewer investors to raise the same amount of EB-5 capital."'
Faculty News

In a live interview, Professor Joseph Foudy shares his thoughts on how the "phase one" trade deal between the US and China will impact American consumers

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Excerpt from TRT World -- “'We have a very successful elite coming to grips with the fact that globalization and economic openness is not as popular as it has been before, and so companies and leaders are struggling to demonstrate to the world that they’re taking environmental, social and other responsibilities seriously.'”
Faculty News

Professor Michael Waugh discusses how on-again-off-again trade talks between the US and China have disproportionately impacted communities around the country

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Excerpt from The New York Times -- "There are signs that in the places most exposed to the trade war — particularly Wisconsin and other Midwestern states — those effects have spread beyond the industrial sector and begun to affect consumers. In a recent working paper, Michael E. Waugh, an economist at New York University, found that automobile sales were growing significantly more slowly in the counties most affected by the tariffs than in the rest of the country. Those places have also seen slower job growth in their retail sectors."
Faculty News

Professor Amy Webb predicts that Big Tech companies will dismantle the healthcare industry

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Excerpt from Business Insider -- "Tech companies are coming for the healthcare industry’s lunch. That’s according to Amy Webb, a quantitative futurist and professor of strategic foresight at New York University Stern School of Business. When Business Insider asked Webb for a prediction she expects to happen that most others don’t think will happen, her response turned to the relationship between big tech companies and healthcare."
Faculty News

Professor Nouriel Roubini's comments on the short-term outlook for advanced economies and emerging markets are referenced

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Excerpt from Business Standard -- "Nouriel Roubini, Professor of Economics at Stern School of Business, New York University shared his insights on global economic challenges in a session entitled 'Global economic challenges of our times'. He noted that the short-term outlook for advanced economies and emerging markets are mixed, but there are long-term economic challenges that most countries may face. He discussed how markets may be under-pricing geopolitical risks associated with the US election in November and the toxic political environment resulting from the impeachment process."
Faculty News

Professor Jonathan Haidt offers his perspective on how the balance between tribalism and openness might play out in the political arena

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Excerpt from The New York Times -- "Jonathan Haidt, a professor at NYU’s Stern School of Business, offered a similarly nuanced examination of how the balance between tribalism and openness might play out. Tribalism, he wrote by email, 'is not a mindless and eternal “us versus them” mentality. It is a set of psychological adaptations that make people respond to threats and intergroup competition with an urge to band together, enforce loyalty to the team, and guard boundaries or territory.'"
 
Faculty News

Professor Scott Galloway analyzes the performance of FedEx and offers suggestions for how the company can compete with Amazon

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Excerpt from Barron's -- “'I don’t think they’ve innovated as much…online deliveries, both UPS and Amazon, have better online delivery. I would argue that the senior management there has spent more time on tax avoidance than on actual innovation, and also they have a competitor, and this is the danger of a monopoly, that can build out a fulfillment network and then monetize it in another business.
Faculty News

Professor Andrew Hinkes offers his perspective on Brooklyn Nets player Spencer Dinwiddie's plan to tokenize his new contract

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Excerpt from Robb Report -- "'It’s a very efficient way to very quickly raise a large amount of cash,' Andrew Hinkes, an attorney specializing in digital currency at Carlton Fields and an adjunct professor at NYU’s School of Law and Stern School of Business, told Robb Report. 'It’s a classic story of time, value, money. Would you rather wait to have your money or would you rather have your money now and see if you can invest it in a way that ultimately benefits you?'”
School News

Research from Stern's Center for Business and Human Rights on disinformation and its impact on the 2020 elections is mentioned

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Excerpt from Yahoo News -- "A report by NYU's Stern Center for Business and Human Rights suggested that memes on Instagram could be a bigger threat than ‘fake news’ on Facebook in America’s upcoming 2020 presidential election."
Faculty News

Professor Anindya Ghose weighs in on the wide-ranging impacts of Amazon's operations in India

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Excerpt from Quartz -- “'Somehow the focus is typically on the negative impact of (the) so-called predatory pricing on smaller kirana stores but rarely on increased choices to consumers or increased convenience accruing to consumers,' said Anindya Ghose, the Heinz Riehl professor of business at New York University’s Stern School, told Quartz."
Faculty News

Center for Business and Human Rights Deputy Director Paul Barrett comments on Facebook's recent move to hire third-party fact-checkers to crack down on misinformation

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Excerpt from The Hill -- "Experts who spoke to The Hill said those changes were insufficient to make a serious dent in the fake accounts and disinformation they say are rampant on Facebook. 'The volume seems inadequate given the scale of the challenge that Facebook faces,' Paul Barrett, an adjunct professor at New York University said."
Faculty News

In a podcast interview, Professor Sinziana Dorobantu offers insights on stakeholder capitalism while sharing takeaways from her joint research on how companies' efforts to build strong stakeholder relationships can prevent crises

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Excerpt from Wall Street Weekly Podcast -- “‘Now if you look at communities I think it’s important to recognize that oftentimes communities care about how a very large investment affects their wellbeing, more on economic dimension, oftentimes they care about inequalities or affects on inequality. I’ve talked to many community members and community leaders who will emphasize, oftentimes at the very beginning of our conversation, that the one thing that they are worried about the most, with a big mining investment, is that it will increase inequality within the community.’”
 
School News

Key takeaways from the Sustainable Market Share Index™ research by the Center for Sustainable Business and IRI are highlighted as part of the World Economic Annual Meeting coverage

Excerpt from World Economic Forum -- "There also is evidence that consumption in the US is changing; sales of sustainably-marketed consumer-packaged goods in the US have grown more than five times faster than traditionally-marketed goods, according to the Sustainability Market Share Index by the NYU Stern Center for Sustainable Business."
Faculty News

Professor and Dean Emeritus Peter Henry is quoted in a story examining the top risk issues that corporate executives may face in 2020

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Excerpt from GARP.org -- "Peter Henry, W.R. Berkley professor of economics and finance at New York University's Stern School of Business and adviser to Protiviti, said three scenarios of concern are: A major policy mistake by central banks, specifically one that is overly aggressive and triggers inflation; intensification of the global trade war that increases economic uncertainty and lowers the corporate appetite for fixed investment; and a limited, or lack of, recovery in the economies of large emerging markets that puts a damper on the global economy."
School News

Stern EMBA Alumni Embark on Inaugural Global Study Tour in Bogotá, Colombia

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On January 16, 2020, for the first time ever, 38 alumni from NYU Stern's Executive MBA Program traveled to Bogotá, Colombia, for a three-day immersive Global Study Tour (GST3).
Faculty News

In a podcast interview, Professor Arun Sundararajan shares his thoughts on the sharing economy, the end of ownership and the trouble with GDP; his book, "The Sharing Economy," is referenced

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Excerpt from Zuora Podcast -- "This is not a new problem–the fact that GDP isn’t capturing some of the progress and the real value creation from technological progress. Take your use of Google. There’s a certain amount of advertising revenue that is generated from your use of Google or my use of Google, but that’s very different from the value that it is creating for you and me from having this ability to search for anything and access the world’s information."