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."
School News

NYU Stern’s Full-time MBA program is cited as one of a handful of peer schools with the biggest two-year increase in average GMAT score in a feature trend story

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Excerpt from Poets & Quants -- "In the last five years, the GMAT averages at most schools are going up — sometimes way up. How do U.S. and European B-schools compare when it comes to the GMAT? The U.S. now boasts 18 full-time MBA programs with average GMATs above 700."
 
Faculty News

Professor Aswath Damodaran identifies factors that he says will result in the demise of active fund investing

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Excerpt from The Economic Times -- “'Death of active fund investing is long overdue. It is getting exactly what it deserves. For the most part, it is lazy and inefficient. I will shed no tears for active portfolio managers who get wiped out by ETFs and index funds, because many of them deserve to be wiped out,' he said."
Faculty News

Professor Lawrence White is quoted in a story exploring the significance of the 30,000 mark for the Dow Jones Industrial Average

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Excerpt from NBC News -- “'The stock market is driven by the aggregate of investors’ expectations about future profitability,' said Lawrence White, an economics professor at New York University's Stern School of Business. Although the Dow perhaps is the most recognizable character in the collective market narrative, White said, he pointed out that professionals view other indices, such as the much larger S&P 500, as a better barometer for gauging economic growth."
Faculty News

Professor Manini Madia is quoted in a story on Nielsen's recent move to separate into two publicly traded entities

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Excerpt from The Wall Street Journal -- "But those companies have other ways to get consumer data. Credit-card companies, for example, track spending on e-commerce sites and sell that information, according to Manini Madia, adjunct professor of retail and marketing at New York University."
Faculty News

Joint research on the overestimation bias from Professor Minah Jung is featured

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Excerpt from British Psychological Society -- "This, it turns out, is a classic example of a bias, dubbed the overestimation bias, revealed in a new paper, published in the Journal of Experimental Psychology. In a series of studies involving thousands of participants, Minah Jung at New York University and colleagues found that we over-estimate how much other people will enjoy, pay for or wait for a desirable experience or object."
Faculty News

In an in-depth interview, Professor Tensie Whelan highlights how company boards can define and oversee sustainability efforts

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Excerpt from Inside America's Boardrooms -- “‘…government is no longer taking a leadership role in a lot of societal challenges and that increasingly, people are holding business accountable for leadership around societal challenges, and that employees, the Millennials and Generation X, want to work for companies who are purposeful, they want to have meaning in their life, and we’re also seeing that those companies that have a broader stakeholder orientation, where they are aiming towards having a broader purpose, do have longer staying power and potentially and hopefully better returns for shareholders.’”
Faculty News

Professor Adam Alter shares tips to boost productivity in the new year; his book, "Irresistible," is mentioned

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Excerpt from ValueWalk -- "About emails: clicking through your inbox may seem an un-taxing way to start your work day, but it’s a productivity killer. According to New York University’s Adam Alter, author of 'Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked,' it will take you 25 minutes to get back into the zone after you’ve muddled your mind with a mixed bag of assorted emails."
Faculty News

Professor Scott Galloway comments on Apple's impending legal fight with the Justice Department to defend encryption on its iPhones

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Excerpt from The New York Times -- “'It’s brilliant marketing'” Scott Galloway, a New York University marketing professor who has written a book on the tech giants, said of Apple. 'They’re so concerned with your privacy that they’re willing to wave the finger at the F.B.I.'”
Faculty News

"Scholar-in-Residence Gary Friedland shares his perspective on a new proposed bill which would ease restrictions stemming from the EB-5 program, from his joint research with Professor Jeanne Calderon "

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Excerpt from The Wall Street Journal -- "Gary Friedland, a scholar-in-residence at New York University Stern School of Business, said the bill would 'effectively nullify' the new EB-5 regulations. Lowering the minimum investment amount outside low-employment areas, he added, would 'eviscerate the incentive to attract EB-5 capital to projects in rural and economically distressed areas.'”
Business and Policy Leader Events

Prof G Predictions 2020

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What are the forces, ideas, and trends that will shape the year to come in tech, business, and beyond? Find out on January 14th by attending Prof G Predictions, live from NYU Stern.
Faculty News

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

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Excerpt from Inverse -- "David Yermack, a professor of finance and business transformation at New York University, tells Inverse this idea actually isn’t really new. He says the only thing that’s new about it is that it relies on blockchain, but that’s not a huge development."
Faculty News

Professor Simon Bowmaker's new book, "When the President Calls," is reviewed

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Excerpt from Nature -- "Over the past half-century, Bowmaker shows, economic advisers to US presidents from Richard Nixon to Donald Trump have enabled central bankers and treasury officials to implement untethered ideas. Often described in terms borrowed from mathematics or physics (such as the ‘velocity of money’), these concepts neither command an expert consensus nor are they necessarily reproducible."
Faculty News

Professor Robert Engle's research on how geopolitical risk affects financial markets is referenced

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Excerpt from The Wall Street Journal -- "Nobel Prize-winning economist Robert Engle isn’t so sure that geopolitical risk in markets is all that high right now. In his work, he analyzes the factors driving cross-asset and cross-country volatility. When something affects all asset classes across countries, the cause is likely to be geopolitical. By his measure, such international events haven’t been particularly severe at all in recent years."