School News

Stern is included in a roundup featuring the top MBA programs with STEM designations

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Excerpt from BusinessBecause -- "NYU Stern offers two STEM-designated MBA degree programs, which reflects the integration of technology and analytics into the curriculum: the two-year Full-time MBA and the focused one-year Andre Koo Technology and Entrepreneurship MBA. Students can opt to select specializations from a list of over 20, ranging from strategy to fintech to digital marketing to sustainable business and innovation."
Faculty News

In an article examining the future of biometrics stocks, Professor Vasant Dhar asserts that AI's biggest impact over the next decade will be to address problems involving perception

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Excerpt from InvesterPlace -- "Dhar said that AI will change 'virtually every area. But the biggest impact [will] be in problems involving perception, that is, vision, language, sounds and movement. Such data is already being collected by satellites, cameras, cars, and ground sensors. Much of this data will be used for prediction.'”
Faculty News

Professor Thomai Serdari comments on how off-price retailers are impacted by a growing consumer desire for sustainability

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Excerpt from Retail Dive -- "Concerns around sustainability are endangering fast fashion and even apparel e-commerce, according to Thomai Serdari, a professor of luxury marketing and branding at New York University's Stern School of Business."
Press Releases

NYU Stern’s Two-year Full-time MBA Program Receives STEM Designation

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With the start of the spring semester on Monday, February 3, New York University Stern School of Business is announcing that its two-year Full-time MBA program is officially designated as a STEM program (approved and effective as of January 2nd).
Faculty News

Professor Scott Galloway discusses the proprietary product challenges that Casper faces ahead of its proposed IPO

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Excerpt from The New York Post -- “'The most successful specialty retailers have proprietary product or can create a voice by bringing together groups of products,' NYU Marketing Professor Scott Galloway told The Post. 'Casper has neither.'”
 
Faculty News

Professor Baruch Lev's research on the decline of value investing is highlighted

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Excerpt from The Irish Times -- "Accounting and economic developments are also factors, according to Prof. Baruch Lev of New York University. His 2019 study, Explaining the Recent Failure of Value Investing, finds that value investing has 'generally been unprofitable for almost 30 years, barring a brief resurrection following the dotcom bust.'"
Faculty News

Key takeaways from Professor Adam Alter's book, "Irresistible," are spotlighted

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Excerpt from The Hindu -- "In his 2017 book Irresistible, Adam Alter, a professor at NYU’s Stern School of Business, talks about people slipping into behavioural addictions like online shopping. One example mentioned in the book talks about an “accomplished” woman who had accumulated $80,000 in debt."
Faculty News

Professor Edward Altman notes that 30 percent of companies with debt rated BBB have the potential to move to junk status

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Excerpt from Fortune -- "Right now, some 30% of companies with debt rated BBB have the potential of being thrust into junk land, based upon their financial weaknesses, said Edward Altman, professor emeritus at New York University’s Stern School of Business and director of the Credit and Fixed Income Research Program at the NYU Salomon Center."
Faculty News

Joint research from Professor Sabrina Howell on angel investor tax credits is featured

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Excerpt from Handelsblatt -- "In addition to the insider investors, Howell and Mezzanotti also found over a third of the companies sponsored in the US study had previously raised capital from other source
Research Center Events

Stern Online Course: Fintech with Kathleen DeRose

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Fintech is divided into six sections focused on key fintech areas: innovation, technology, incumbents vs. startups, valuation, risk, and implications. Each section contains lessons with video lectures, readings, and assessments to facilitate learning. Students will also have the option of attending live video sessions with Professor Kathleen DeRose where additional questions and topics will be addressed.
Faculty News

Highlights from the 2019 update of the DHL Global Connectedness Index (GCI), co-authored by Professor Steven A. Altman and Research Scholar Phillip Bastian, are featured

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Excerpt from CNN -- “'As a 2019 report by DHL demonstrates, globalization is still strong and by some measures, continues to expand. People still do want to be connected to trade, travel and transact across the world, but in government policy, where economic logic once trumped politics, today it’s often the reverse. The cumulative result of all these measures, protecting local industries, subsidizing national champions, restricting immigration, is always to sap economic growth.'”
Faculty News

Professor Anindya Ghose notes that the recent decision by Bose to close many offline stores is dictated by cost economics and the company could benefit from targeted digital advertising

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Excerpt from Forbes -- "Says Anindya Ghose, Heinz Riehl Chair professor of business at NYU and director of the NYU Stern master of science in business analytics program, 'My sense is that this decision by Bose to close to many offline stores is dictated by cost economics. I do not see much of an impact on them because there are many third-party resellers carrying their products. In particular, as long as their products are available on Amazon, people will have easy access and a convenient method to buy.'”
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.'"