Faculty News

Professor Michelle Greenwald shares takeaways on innovation from Snøhetta, a leading architecture firm

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Excerpt from Forbes -- "Multi-disciplinary designer teams, solve problems and find solutions often in collaboration with insightful individuals from outside the firm. Snøhetta’s staff includes architects, interior architects, landscape architects, and graphic designers, that work collaboratively. At times other perspectives are brought in, such as anthropologists, subject specialists and individuals working in different forms of the arts."
Faculty News

Professor Joseph Foudy shares what the results of the jobs report could mean for Federal Reserve interest rates

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Excerpt from The New York Post -- "'This probably seals the deal for a rate hike by the Fed,' said New York University economics professor Joe Foudy. 'The election is over; the job market is solid, if unspectacular; and there really is no more reason to wait.'"
Faculty News

In a feature interview with Dean Peter Henry, Stern is recognized for its innovations in FinTech, infrastructure and scholarships

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Excerpt from Fortune -- "In 2010, when Peter Blair Henry came to New York University’s Stern School of Business, a top institution famous for its close Wall Street ties, the Street itself was in a shambles. Henry’s goal: expand Stern’s focus beyond New York banking and toward the larger world of business. 'The world needs finance more than ever, but it needs the 21st-century version of finance,' Henry says."    
Faculty News

Professor Robert Engle is interviewed about his work on stock market volatility at the Second Annual Volatility Institute at NYU Shanghai (VINS) Conference

Excerpt from the China Financial Herald -- "'Volatility is the market's response to new information,' Engle said. The new information in the Chinese market in the 1990s was significant, so during that period the Chinese mainland stock market volatility was much greater than that of the United States or Hong Kong."
Faculty News

Professor Tensie Whelan is highlighted in a "Portraits of Excellence" feature for her work as Director of Stern's Center for Sustainable Business

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Excerpt from Worth -- "The Center helps companies implement sustainability measures by creating strategic goals and setting up internal accounting metrics to assess the financial impact of those decisions. ... Says Whelan, 'We need to focus on demonstrating the business case, financially, for integrating sustainability into corporate strategy.'"
Faculty News

Professor Rosa Abrantes-Metz comments on the US Commodity Future Trading Commission's case against DRW Holdings

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Excerpt from Bloomberg -- "'Proving actual manipulation is a difficult task, which is why so very few such cases have been proven to date,' said Rosa M. Abrantes-Metz, an adjunct professor at New York University’s Stern School of Business and an expert on market manipulation. 'It can be difficult to distinguish between someone who affects prices in a legitimate way simply because they are a large trader, versus someone who purposely moves prices away from market fundamentals while fooling the rest of the market.'"
Faculty News

Professor Hans Taparia comments on the food industry's shift towards healthier offerings

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Excerpt from The Guardian -- "The growth of healthy convenience foods such as meal kits and freshly prepared meals, both from grocery stores and delivery services, is mostly a positive thing for health and sustainability, says Hans Taparia, an assistant professor at the New York University Stern School of Business and co-founder of an organic food business."
Faculty News

Professor Dolly Chugh illustrates the connection between power and empathy in the workplace

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Excerpt from The Washington Post -- "'Power reduces the ability to understand how other people are feeling. We literally don't see as clearly,' said Dolly Chugh, associate professor at New York University's Stern School of Business."
Faculty News

Professor Anindya Ghose is interviewed about the e-commerce market in India

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Excerpt from TheStreet.com -- "'Amazon does pose a major threat,' said Anindya Ghose, Professor of Marketing at New York University's Leonard N. Stern School of Business. 'It is incredibly difficult for a firm like Flipkart or Snapdeal to find a sustainable unique selling point in e-commerce retailing that will help differentiate them from the 800 pound gorilla in the room.'"
Faculty News

Professor Arun Sundararajan shares insights on how cities can support the future of work

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Excerpt from Fast Company -- "'Work is most people’s primary social network and an important source of identity,' says NYU professor and sharing economy expert Arun Sundararajan. 'As more and more people do not have this institutional affiliation, and are working more independently, cities will need to work to develop new community infrastructures, to be community creators for their freelance workforces.'"
Faculty News

Professor Robert Salomon discusses the potential implications of Donald Trump's efforts incentivize companies to keep jobs in the US

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Excerpt from CBC Radio -- "There is a potential for this to be a bit of a slippery slope here...Trump can't go company by company offering deals for states where he's not even sure if the governor of the state would be willing to go along with those."
Business and Policy Leader Events

Innovation at Amazon: Discussion with David Nenke

On December 1, NYU Stern welcomed David Nenke, director of marketing and product for Cloud Drive and Amazon.com, for a special discussion with MBA students. Nenke shared his insights and information on the advanced technology of voice recognition software and the innovation behind Amazon Echo. 
Business and Policy Leader Events

NYU Stern's Center for Sustainable Business Panel Discussion

On December 1, NYU Stern’s Center for Sustainable Business hosted a panel discussion, entitled “Sustainability Leadership: How Companies Are Realizing the Value of Sustainability in Their Business Strategies”. 
Faculty News

Professor Vasant Dhar is interviewed about gamification on dating apps

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Excerpt from OZY -- "NYU Stern professor Vasant Dhar points out that 'gamification is a positive thing; it leads to more engagement and more people playing games.'"
Faculty News

The Stern School is recognized for its innovations in FinTech, infrastructure and scholarships in a feature interview with Dean Peter Henry

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Excerpt from TIME -- "Under Henry, Stern has also increasingly come to see diversity in the business world as an imperative of 21st century finance, as companies change their leadership ranks to reflect the growing percentages of minorities in the U.S. population (and the growing purchasing power of other countries), in order to understand their consumers. Over the past year, the school has boosted the number of scholarships it offers, including the number of full rides for undergrads, from zero to 35; many go to first-generation minority students."
Faculty News

Professor Arun Sundararajan explains why Uber categorizes itself as a tech company

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Excerpt from CNBC -- "We've got these two sort of dichotomous situations, right? Tech company versus transportation company. And clearly Uber is something in between. But we've got regulations that are pretty onerous that apply to transportation companies, and so from Uber's point of view, it's better to categorize themselves as a tech company. What we really should be doing is recognizing... that we've got a new category of business models here."
Faculty News

Professor Susan Stehlik is interviewed about overcoming implicit biases and giving feedback

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Excerpt from The Economist -- "So how can executives prevent this fear from affecting their behaviour—and hampering opportunities for high-potentials of all genders, races, and ethnicities to succeed? Professor Stehlik observes, 'Most often, the reason people avoid these conversations is you don’t have a real, authentic relationship with that person. You make incorrect assumptions about others, about their abilities and motivations, if you don’t enter into an open conversation with the people who aren’t like you.'"
Faculty News

Professor Vasant Dhar shares insights on the evolution of artificial intelligence

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Excerpt from Fox 5 -- "Machines have become much better at dealing with input directly from the real world...that really changes the role they can play. They can deal with more unstructured data and do more and more of what humans used to take for granted."
Faculty News

Professor Lawrence White discusses how Donald Trump's business interests might conflict with the presidency

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Excerpt from ProPublica -- "The potential for Trump’s decisions as president to impact his business holdings loom large. 'What happens if there are federal activities in the proximity of these golf courses or hotels that positively or negatively impact their value,' said Lawrence White, a professor of economics at New York University’s Stern School of Business and a former federal antitrust regulator. 'He’s got a zillion things going on and I don’t see how he can effectively disengage.'"
Faculty News

Professor Anindya Ghose emphasizes the growing importance of mobile shopping this holiday season

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Excerpt from NBC News -- "'Conversion rates, which used to be a bottleneck in the past, are no longer as much of an impediment,' [Ghose] said. This is for two reasons: Shoppers today are more comfortable shopping on their phones, and stores have invested in technology, like credit card image-capturing, that makes transactions more seamless."
Faculty News

Professors Menachem Brenner and Marti Subrahmanyam's joint research on detecting insider trading is featured

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Excerpt from Harvard Law blog -- "We do believe that the detection of illegal insider trading and establishment of the activity to a legal standard is a monumental task that needs to overcome multiple challenges. Ad-hoc whistleblowing procedures, in addition to routine screening of securities trading are useful, but not enough, in our opinion, if the regulators’ pursuit of illegal insider trading is to be efficient and reliable. Therefore, we advocate a scientific approach as a complement to more traditional approaches in order to detect the most striking red flags. We hope that our framework can contribute to providing assistance in one of the key priority areas of security regulation in a fruitful manner."
Faculty News

Professor Lawrence White is interviewed about the relationship between interest rates and bank profitability

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Excerpt from The Wall Street Journal -- "This is because banks use deposits with short maturities and low rates of interest to fund loans with longer maturities and higher rates of interest, said New York University Stern School of Business professor Lawrence White. 'When the yield curve flattens—as it has, because interest rates generally are quite low and zero is the lower bound for deposits—bank profitability generally suffers,' he added."
Faculty News

Professor Baruch Lev's book, "The End of Accounting," is reviewed

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Excerpt from Reuters -- "'The End of Accounting' is a book that starts from the premise that the numbers companies publish every three, six or 12 months are no longer up to the job. Balance sheets have barely changed since the 19th century. Profit and loss statements were conceived before World War II. Both are better suited to businesses that make physical goods, and investors who don't measure trades in millionths of a second. The result is that these reams of paper - or pages of online text - no longer drive company valuations."
Faculty News

Professor Xavier Gabaix's joint research on consumer behavior and pricing is referenced

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Excerpt from Reuters -- "They are often what economists Xavier Gabaix and David Laibson have referred to as 'myopic' – they don’t take account of extra costs when forking out the basic price of a good or service. Hotels whacking guests with high internet charges is a classic example. That raises the possibility that a tenant will max out their affordability on rent, and then get hit by extras."
School News

Stern's Fertitta Veterans Program is featured

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Excerpt from Accepted -- "Alumnus Lorenzo Fertitta (MBA ’93) and his brother Frank J. Fertitta III have given New York University’s Stern School of Business a $15 million endowment gift to create a new program exclusively for U.S. military veteran and active duty students who will be entering the school’s full-time MBA program next year. The school predicts that approximately 20 entering full-time MBA military students who are accepted into the Fertitta Veterans Program will receive scholarship assistance that reduces their tuition to $30,000 per year. Students qualifying for veteran benefits, including Yellow Ribbon funding, will continue to be entitled to receive those benefits."