Faculty News

Prof. David Yermack on the impact of Square's potential sale to Google

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Excerpt from TheStreet.com -- "'Although there might be conflicts of interest, there are also opportunities for alliances. It's a grey area, because it is not completely clear whether Google and Twitter are competitors,' [Yermack] added."
Faculty News

In an op-ed, Prof. Michelle Greenwald cites examples of companies that foster innovation

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Excerpt from Forbes -- "While the most innovative firms communicate to employees in different ways that risk taking and individuality are highly desired, it doesn’t mean all product development risks are OK. The most successful firms also have checks and balances to avoid completely uncalculated reckless risks, and they embrace and learn as much as possible from failures."
Faculty News

Prof. Jonathan Haidt's book, "The Righteous Mind," is mentioned

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Excerpt from The Wall Street Journal -- "First, much of politics is less about what you are for than who you are against, as Jonathan Haidt, a New York University psychology professor, noted in his popular 2012 book 'The Righteous Mind.'"
Faculty News

Prof. Michael Posner on the United States's relationship with Russia

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Excerpt from The Wall Street Journal -- "'You don't get to pick your partners in the world,' said Michael Posner, who was an assistant secretary of State when Hillary Clinton ran the State Department. 'The Russians had their hands in a range of things that mattered to us. So the reset was an honest recognition that there are some things we needed to work with them on.'"
Faculty News

Prof. Arun Sundararajan's research is cited in a report on China

Excerpt from The Economist -- "'Digital Access, Political Networks and the Diffusion of Democracy', by Lauren Rhuea and Arun Sundararajan, New York University."
Faculty News

Prof. Thomas Cooley's research on credit ratings is cited

Excerpt from The Economist -- "A new NBER paper by Harold Cole at the University of Pennsylvania and Thomas Cooley of the Stern School of Business also challenges the notion that it would be better to get the investors who are buying bonds to pay for ratings. They might choose not to release the ratings they pay for, it points out. Patchy information, in turn, could increase the likelihood that the market would misprice securities."
Faculty News

Prof. Aswath Damodaran discusses how to identify a well-priced stock

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Excerpt from Barron's -- "Low risk can make a high P/E a good deal. If there were such a thing as a risk-free stock, it would be worth more than 40 times earnings, says Aswath Damodaran, who teaches equity valuation at NYU's Stern School of Business."
Faculty News

In an op-ed, Research Scholar Robert Frank discusses the impact of replication technologies

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Excerpt from The New York Times -- "Technology won’t eliminate our need for suitable gifts and tokens of commitment, of course. And such things will still need to be both intrinsically pleasing and genuinely scarce. But technology will change where those qualities reside."
Faculty News

Prof. Arun Sundararajan on Uber's new safety fee

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Excerpt from San Francisco Chronicle -- "Arun Sundararajan, a New York University business professor who studies the sharing economy, said he thinks riders won't bristle as much when they face the new fee. 'I'm sure some users will react unfavorably, but we're used to variability and changes in prices from Uber, and I don't think it will have a big long-term effect,' he said."
Faculty News

Prof. Tulin Erdem testifies in the Apple v. Samsung lawsuit

Excerpt from CNET -- "[Erdem] testified she conducted her own studies, using eye tracking, to determine what devices consumers would buy. Erdem didn't include Apple's patented features because she said it wouldn't be realistic based on what's typical for device comparison sites. And she concluded that things such as the secondary camera didn't boost desire for the products. 'As a group, the minor things didn't drive demand,' she said. 'It was the major things that drive demand.'"
Faculty News

Prof. Anat Lechner explains how to manage a heavy workload

Excerpt from Money Magazine -- "Of course, the right approach depends on your manager's personality and the security of your job. You may find it safer to agree to a task but ask for the resources you need to do it. 'Say, "Yes, but to do that, I need x, y, or z,"' suggests Lechner."
Faculty News

Prof. William Greene on museum ticket prices in NYC compared to other cities

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Excerpt from WNYC -- "So why do people complain so much about the price of a museum ticket in New York? Maybe it's the perception that art is a universal treasure, and therefore should be accessible to everybody. Bill Greene, a professor of economics at the Stern School of Management at New York University, offered another explanation: “A lot of museums are free. For example, go to Washington, all the Smithsonian institutions, all the museums are free,” he said.
Faculty News

Prof. Arun Sundararajan explains the sharing economy's economic impact

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Excerpt from Australian Financial Review -- "Sundararajan argues one of the main ­economic consequences of the sharing economy is that it has generated a new wave of 'invisible jobs' by shifting labour from a narrow range of specialised activities to a broader array of potential work."
Student Club Events

MBA Bowling Night 2014 with President John Sexton and Dean Peter Henry

MBA students celebrated the final weeks before graduation at the 2014 Bowling Night with President John Sexton and Dean Peter Henry.
Faculty News

Prof. Arun Sundararajan on how to regulate Uber and other sharing economy platforms

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Excerpt from BBC -- "It's not clear that we need all of the regulations that we needed in the past, now that we have these platforms that have reputation systems that have companies behind them that are sort of doing some of the things that we used to need the government for."
Faculty News

Dean Peter Henry attends a White House session on improving workplaces for working women & families

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Excerpt from The Wall Street Journal -- "Peter Henry, dean of New York University’s Stern School of Business, lamented the 'big, structural impediments' in workplaces that restrict accommodations for working families. Though part of their task is to train leaders who can eventually tear down those barriers, he said, schools must also create 'short-term, tactical solutions' that will foster women’s advancement right away."
Faculty News

Prof. Deepak Hegde's research on venture capitalists is featured

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Excerpt from Marketplace -- “'Startups tend to come from multiple communities,' Hegde says. 'A venture capitalist that has a diversity of partners in its ranks might be in a better position to identify these opportunities and evaluate them better.'”
Faculty News

Prof. Arun Sundararajan on the regulation of the sharing economy

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Excerpt from Next City -- "Arun Sundararajan, a professor at New York University’s Stern School of Business and NYU’s Center for Urban Science and Progress has advocated for 'a safe harbor' where services like UberPOP and Djump 'can operate legally while we gather information about the right division of responsibilities between the marketplace and the regulators.'”
Faculty News

Prof. Paul Romer and Research Scholar Brandon Fuller's research on urbanization is cited

Excerpt from The Atlantic Cities -- "In the next century, 5.2 billion of these new urban residents, accounting for nearly all of this city population boom, will live in regions of the world that are currently less developed, according to Fuller and Romer. More than 600 new cities with populations of ten million each would need to be built over the course of the coming century to accommodate this growth, they explain."
Faculty News

Prof. Scott Galloway on Moleskine notebooks' popularity among tech executives

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Excerpt from The New Yorker -- "Scott Galloway, a marketing professor at New York University’s Stern School of Business, told Marketplace that younger, hipper tech executives often show up at meetings jotting notes in a Moleskine instead of using a tablet."
Faculty News

Prof. Arun Sundararajan discusses metrics to measure work in the new economy

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Excerpt from Fast Co Labs -- “Arun Sundararajan, an expert on the sharing economy at New York University, is exploring measures that would capture the quality of life factors that appear to be increasingly important to workers. 'How much would I have to pay you to do this work instead of something you love?' he says. 'In dollar terms, that is the value that someone is applying to working only 30 hours a week so that they can spend more time with their kids. It’s crude, but I see that as a way of measuring the impact more completely.'”
Faculty News

Prof. Aswath Damodaran's valuation of the Coke brand is highlighted

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Excerpt from The Huffington Post -- "Aswath Damodaran, professor of finance at New York University's Stern School of Business, assessing the value of the Coke brand, put it at $64.2 billion total worth, or 80 percent of the company's value."
Faculty News

Prof. Jeffrey Wurgler's research on the stock market is featured

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Excerpt from Bloomberg View -- "Malcolm Baker and Jeffrey Wurgler published a paper in 2006 titled 'Investor Sentiment in the Stock Market.' Baker is at the Harvard Business School and Wurgler is at New York University's Stern School of Business. Both also do research for the National Bureau of Economic Research."
Faculty News

In an op-ed, Prof. Vasant Dhar highlights the role of data and analytics in high-frequency trading

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Excerpt from CNBC -- "An important overlooked fact in the current debate is that the same players who invested in speed have also invested in big data and sophisticated predictive analytics. A player with the ability to discover buried, but exploitable, patterns is at a huge advantage over the significant majority who are not well positioned to find them, including regulators."
School News

Dean Peter Henry Visits the White House

White House senior economic advisors invited Dean Peter Henry to participate in a roundtable on April 16 in the Roosevelt Room with a select group of peer school deans to discuss best practices for a 21st century workplace that meets the needs of women and working families.