Faculty News

Professor Stephen Ryan discusses the Financial Accounting Standards Board's (FASB) stance on allowing companies to amortize goodwill

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Excerpt from Bloomberg Tax -- “'Impairment makes a lot of conceptual sense,' said Stephen Ryan, a professor at the New York University Stern School of Business. 'In practice, it’s very difficult for a number of reasons.'”
Student Club Events

Multicultural Marketing: Reframing the Cultural Mosaic

Poster for "Multicultural Marketing: Reframing the Cultural Mosaic"
On Friday, November 15, the Stern Graduate Marketing Association will host the 2019 GMA Conference, entitled, "Multicultural Marketing: Reframing the Cultural Mosaic."
Faculty News

In an in-depth Q&A interview, Professor Luca Petruzzellis explains the growing importance of the digital world in place branding

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Excerpt from The Place Brand Observer -- "My view on place branding has changed a lot. At the beginning it was strongly influenced by my economics studies, but it has evolved since then in that I’ve integrated psychology and sensory aspects. In fact, now I am working on the application of sensory branding to places. Moreover, nowadays the digital part of a brand and experiences needs also to be considered and measured."
Faculty News

Professor Viral Acharya's thoughts on highly accommodative monetary policies are highlighted

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Excerpt from Financial Times -- "A new economics note offers a reasoned argument against ultra-low interest rates; it is the most elaborate version of the so-called 'zombie effect' I have seen. Viral Acharya argues that low rates keep 'zombie firms' alive — these are commercially non-viable companies that only stay out of bankruptcy because banks 'evergreen' their loans at ultra-low rates rather than foreclose."
Faculty News

Professor Michael North offers thoughts on the prevalence of ageist generalizations in the workplace

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Excerpt from Thrive Global -- "'It’s worth noting that the law, through ADEA, only offers legal protection for people age 40 or older, “which opens up a separate line of inquiry as to why stereotyping the young as ‘lazy millennials’ is considered acceptable,' Michael North, Ph.D., assistant professor of management and organizations at the N.Y.U. Stern School of Business, tells Thrive."
School News

Center for Business and Human Rights Deputy Director Paul Barrett explains how memes and photos are used to spread disinformation on social media

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Excerpt from Politico -- “'Memes are the perfect vehicle for a simple piece of propaganda like the attacks on the whistleblower,' Paul Barrett, deputy director of NYU’s Stern Center for Business and Human Rights whose recent report on 2020 disinformation focused on the power and prevalence of memes in these campaigns, told MT."
School News

Executive Director of MBA Admissions Lisa Rios describes advantages of the Executive Assessment (EA), which Stern recently added to its standardized test options for MBA applicants

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Excerpt from FindMBA -- "New York’s Stern School of Business started accepting the EA for its MBA in August. Lisa Rios, executive director of MBA admissions, notes that the EA was specifically designed to be short in duration (it lasts 90 minutes) and requires a modest time commitment to prepare."
Faculty News

Professor Aswath Damodaran's comments on Uber's business model are referenced

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Excerpt from Investor Place -- Professor Aswath Damodaran of New York University’s Stern School of Business made it clear that he prefers Lyft’s approach of focusing on passengers and sticking to the North American market for now: 'I’d take Lyft over Uber because Uber wants to be all things to all people. You’d think they’d learn from their mistakes. They tried in China and had to back out of China. I think being less ambitious in this business, until you figured out a business model, is better.'”
School News

The TRIUM Global Executive MBA program is spotlighted in a story on the top EMBA offerings in London

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Excerpt from TopMBA -- "LSE offers the TRIUM Global Executive MBA program jointly with the NYU Stern School of Business and HEC Paris. This course provides a global curriculum for senior-level executives across six international business locations (London, California, Paris, New York, Shanghai, Paris) over 18 months. Modules are designed and delivered by all three schools, allowing them to complement their strengths, on learning retreats of one or two weeks over the 18 months, drastically reducing the amount of time students are required to take away from their professional work – no student will be away from work for longer than 10 weeks in total."
School News

10 Class of 2021 Full-Time MBA students are profiled

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Excerpt from Poets & Quants -- "'Stern has a larger faculty than most business schools with a broad range of expertise. Our size gives us the flexibility to be nimble, to anticipate ever-changing market needs and to be first and fast to market. For example, our size and strengths enabled us to be the first U.S. business school to introduce a Fintech specialization, to create a new category of focused MBA programs and to offer an MS in Management online.'”
Faculty News

Professor Thomai Serdari offers commentary on the rapid growth of pop-up retail stores over the past decade

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Excerpt The Atlantic -- "But Thomai Serdari, a luxury-marketing strategist and professor at New York University, nods to the 2008 financial collapse as the moment that helped more types of business realize that parachuting into a trendy neighborhood often makes more financial sense than committing to hang around for 20 years. 'No one wants to invest long-term, and brands don’t want to take risks with inventories,' Serdari says."
School News

In a feature story, 10 Class of 2021 MBAs are profiled; Dean Raghu Sundaram showcases Stern's new brand call to action; Stern's new Change:Studio is featured; and Professor and Vice Dean of MBA Programs JP Eggers highlights the Stern experience

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Excerpt from Poets & Quants -- "'Each of our MBA programs is deeply connected to industry, with our NYC location being an unmatched asset. We want the student experience to be all about transformation and, as a school, we walk the talk...Stern has a larger faculty than most business schools with a broad range of expertise. Our size gives us the flexibility to be nimble, to anticipate ever-changing market needs and to be first and fast to market.'”

 
Faculty News

Professor Robert Engle's recent comments on geopolitical risks in the global economy are cited

Excerpt from CCN -- According to Nobel laureate Robert Engle, an economist at NYU Stern, numbers show that geopolitical risk in the global economy is lower now than it was before.
 
School News

VRI Co-Director Richard Berner comments on the Institute's interdisciplinary approach and illustrates the VRI's focused efforts to assess cyber/operational, geopolitical and climate risk

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Excerpt from Reuters -- “'I think one of the reasons that we chose to focus on these three groups of risk is that they are at the top of the list of every CEO when you ask what keeps them up at night,' says Richard Berner, co-head of the Volatility and Risk Institute at NYU’s Stern School of Business. Berner described to Regulatory Intelligence a new effort to put cyber, geopolitical and climate risk in the spotlight. The institute earlier this month announced it had formed an interdisciplinary approach to analyze each area and how they interacted."
School News

Research on default risk and high-yield bonds from Professor Edward Altman and the Salomon Center for the Study of Financial Institutions is cited

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Excerpt from Seeking Alpha -- "More recent research by Edward Altman and Brenda Kuehne at the Salomon Center for the Study of Financial Institutions at NYU Stern found that fallen angels have markedly lower default risk than other high-yield bonds. Between 1985 and 2017, the average annual default rate on fallen angels was around 1% a year lower than on bonds that were rated high-yield when issued."
 
Business and Policy Leader Events

Fireside Chat with Roger Ferguson

Kaufman Management Center
On Tuesday, November 12, NYU Stern's Center for Global Economy and Business will host a fireside chat with Roger Ferguson, President & CEO, TIAA; Former Vice Chairman of the Board of Governors of the U.S. Federal Reserve System.
Faculty News

In an Q&A interview, Professor Robert Seamans notes that companies that don’t embrace AI are putting themselves at a competitive disadvantage

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Excerpt from The Modern Sale -- "So far, AI/ML has mostly been used to augment products that firms offer. For example, Gmail now includes a predictive typing feature that uses AI to “guess” at the next several words in sentences that I write. It is a nifty feature — not world-changing or anything like that, but certainly helpful. But, in the future, we will see lots more AI in lots more products/services/devices, and we will start to see firms reorganizing themselves in different ways to take advantage of what AI can do. It is still early days."
Faculty News

Professor Baruch Lev's research on the usefulness of financial reports is mentioned

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Excerpt from Moneyweb -- "In a study on the usefulness of published accounts, researcher Baruch Lev places much of the blame on the proliferation of estimates in financial reports: 'To a large extent, financial reports are based on estimates, judgements, and models rather than exact depictions,' he says."
Faculty News

Professor Aswath Damodaran offers insight into the recent stock performances of Uber and Beyond Meat in response to the expiration of their IPO lockups and initial earnings reports

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Excerpt from Bloomberg -- “'If you are a trader, you can try to take advantage of the price drop, but the drop is [typically] small and short-selling costs tend to be large' New York University professor Aswath Damodaran said in an interview."
 
Faculty News

Professor Dolly Chugh's book, "The Person You Mean To Be," is cited

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Excerpt from Harvard Business Review -- "To better understand the experience of women of color in the workplace in particular, see Minda Harts’s The Memo: What Women of Color Need to Know to Secure a Seat at The Table. For an exploration of identity, gender and race, read Jodi Patterson’s The Bold World. And for a more general look at how to lead in an inclusive way, take up Dolly Chugh’s The Person You Mean to Be: How Good People Fight Bias."
Faculty News

Professor Scott Galloway's recent blog post on the 2020 presidential election is published

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Excerpt from Business Insider -- "He says that Elizabeth Warren has run a 'masterclass' of a campaign and that she's 'impressive' and 'substantive.' But her 'attributes are viewed as negative simply because she is a she' — he thinks that the US is still too sexist to elect a woman.
School News

In a Q&A interview, Senior Director of Leadership Development Connie Kim discusses how Stern students develop leadership skills through experiential learning opportunities

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Excerpt from CIOReview -- "At the NYU Stern School of Business, we believe that leadership development is a great opportunity for students and organizations. And this experiential learning occurs as people get involved in it, instead of sitting in a workshop or a series of meetings."
School News

Stern's newly expanded Volatility and Risk Institute (VRI) is profiled; VRI Co-Directors Professors Robert Engle and Richard Berner are quoted on the VRI's expansion and core mission

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Excerpt from GARP.org -- "The Volatility Institute at New York University's Stern School of Business, founded in the aftermath of the 2008 financial crisis, has a new name – the Volatility and Risk Institute – signifying a focus beyond just financial risks. The institute and its Volatility Laboratory, or V-Lab, are renowned for continuous measurements and forecasts of volatility in financial markets, among them the SRISK systemic risk analytics...The expanded institute now has co-directors: Engle, who was director of the Volatility Institute; and Richard Berner, professor of management practice."
School News

The Center for Business and Human Rights' report on disinformation and the 2020 election is cited

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Excerpt from Forbes -- "As explained in the recent report by NYU Stern, the term deepfake comes from the combination of “deep learning” and “fake.” Deep learning has gained tremendous attention in recent years in the field of artificial intelligence due to outstanding results in many tasks, often outperforming human specialists in the fields of natural language and image processing."
School News

"As part of a ""Fridays from the Frontlines"" feature, Stern graduate student Natalie Ashbridge (MBA '21) shares how the Fertitta Veterans Program supported her transition to b-school from the Marine Corps. "

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Excerpt from Clear Admit -- "It feels great to be back in school and I am so grateful for this opportunity. Stern was my top choice immediately, and its Fertitta Veterans program, which supports military vets and active duty students in their transition to business school, is extraordinary."