Faculty News

Prof. Thomaï Serdari is interviewed about luxury retail microsites

Luxury Daily logo
Excerpt from Luxury Daily -- “'Think of a microsite as an enhancement of brand DNA,' said Thomai Serdari, director of research and adjunct associate professor at NYU’s Leonard N. Stern School of Business. 'Being able to excite the consumer in the luxury market is one of the most important things,' she said."
Press Releases

To Encourage Positive Environmental Outcomes, Emphasize a Long Future, Not Impending Doom

NYU Stern Professor Hal Hershfield and his colleagues H. Min Bang and Elke U. Weber of Columbia University find that the best way to encourage environmentally friendly behavior is to emphasize the long life expectancy of a nation, not its imminent downfall.
Faculty News

Prof. Nouriel Roubini explains why he believes the "commodities supercycle" has ended

Reuters logo
Excerpt from Reuters -- "There are a number of factors why the commodities supercycle is probably over. First of all, China is slowing down. The growth rate may be as low as 6 or 7% in the next few years and the growth rate is going to be less resource intensive as they move away from capital intensive to consumer society... Additionally, we have a slow recovery in advanced economies and monetary policy is going to be tightened, however gradually. The Fed eventually is going to start tapering, eventually is going to go away from zero policy rates and that increase in short and long rates is going to soften commodity prices as well."
Press Releases

Research Shows that Times Flies When You’re Counting Down

In a new study, Professor Vicki Morwitz and Stern alumnus Edith Shalev (PhD ’10) show that counting down (i.e., 100 to 1) while performing a task shortens the perceived duration of the task compared to counting up (i.e., 1 to 100).
Research Center Events

2013-2014 NYU Stern Entrepreneurs Challenge Kick-Off

During the Entrepreneurs Challenge Kick-Off, attendees will hear about NYU Stern’s Annual New Venture Competition and Social Venture Competition – both sponsored by Stern’s Berkley Center for Entrepreneurship & Innovation – as well as NYU’s Annual Technology Venture Competition, hosted by Stern’s Berkley Center and NYU’s Innovation Venture Fund.
School News

Stern's Ross Roundtable on Big GAAP vs. Little GAAP was featured

Wall Street Journal logo
Excerpt from The Wall Street Journal -- “'As we seek to bring a better cost-benefit balance within GAAP for private companies, we’re initiating at least potential simplification for all entities from yet another direction,' Mr. [Jeffrey] Mechanick said at an accounting roundtable hosted by the NYU Stern School of Business. 'We’ve often looked at public companies first and here we’re looking at private companies first.'”
Faculty News

Prof. Anindya Ghose on the expansion of crowdfunding due to the JOBS Act

TIME logo
Excerpt from TIME -- "As crowdfunding expands, some worry that deregulation of startup investing will lead to inexperienced investors being duped into bad deals. 'That’s the flip side of opening this up to the rest of the world,' says Anindya Ghose, a professor of information, operation and management sciences at New York University who also studies crowdfunding. 'You might end up hurting a lot of people who don’t need to be hurt.'”
Faculty News

Prof. Aswath Damodaran on Twitter's value

CNBC logo
Excerpt from CNBC -- "It's almost impossible to value the company as it stands right now, because you know so little about the company. In fact, all we know are the revenues it made over the last 12 months. So valuation is almost impossible. But the focus of my post, which I had on Twitter, was that when you can't value the company, you can price it, price it based on what other companies are trading at. So for instance, if you looked at Facebook and LinkedIn and you looked at the revenue multiple that those companies trade at, which is about seventeen-and-a-half times revenue, you come up with about 10 billion...simplistic, but that's pretty much what pricing is. You base it on very simple metrics and numbers that you already know."
Research Center Events

Ross Roundtable Discusses Big GAAP vs. Little GAAP

Academics, practitioners and policymakers gathered at NYU Stern on September 23 for a roundtable discussion on “Big GAAP vs. Little GAAP: Public Company and Private Company Reporting.”
Business and Policy Leader Events

Investor and Philanthropist Nicolas Berggruen Discusses New Book with NYU Students

President John Sexton and Dean Peter Henry welcomed Stern alumnus Nicolas Berggruen (BS '81), chairman of the Berggruen Institute on Governance, to campus this month for a discussion with NYU students on his new book, "Intelligent Governance for the 21st Century."
Faculty News

In an op-ed, Prof. Roy Smith discusses GE's plans to spin off its consumer finance business

Financial News logo
Excerpt from Financial News -- "So far, the argument against spin-offs of troublesome investment banking units has been that the banks derive too much of their consolidated profits from them and that significant capital may have to be added before allowing them to become independent. But the Amex deal showed that these issues can be resolved. And a spin-off can be beneficial to shareholders who made significant gains from the increases in the stock prices of both units. The share prices of Citigroup, Bank of America, Barclays and Deutsche Bank are, on average, still 75% lower than they were in January 2008. Their boards could do well to monitor closely GE’s proposal and keep an open mind."
Faculty News

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

Bloomberg logo
Excerpt from Bloomberg -- "Is there a way that we can explain supporting Medicare while cutting Medicaid, Social Security but not welfare checks, farm subsidies but not food stamps? For readers of Jonathan Haidt’s amazing book, 'The Righteous Mind,' the answer should be 'yes.' It lies in reciprocity."
Faculty News

Prof. Nouriel Roubini shares a positive outlook on the US economy

CNBC logo
Excerpt from CNBC -- "'The U.S. is much more advanced and has much more success than other economies. The growth in the U.S. is going to be much faster than Europe, the U.K. and Japan,' Roubini said. 'Gradually the dollar is going to increase in value rather than collapse the way some dollar doomsday folks believe.'"
School News

Stern's Future of Business event series for prospective MBA students is featured

Financial Times logo
Excerpt from Financial Times -- "NYU Stern School of Business is launching a new event series for prospective applicants interested in their full-time MBA and executive MBA programmes. The series will start this month by introducing participants to Stern’s faculty, who will share their views on the future of a diverse set of industries."
Faculty News

In an op-ed, Prof. Michael Spence discusses fiscal policy on a national and global scale

Project Syndicate logo
Excerpt from Project Syndicate -- "Around the world, policies, technologies, and extended learning processes have combined to erode barriers to economic interaction among countries. Pick any indicator: trade relative to global GDP, capital flows relative to the global capital stock, and so forth – all are rising. But economic policies are set at the national level, and, with a few notable exceptions like trade negotiations and the tracking of terrorist funding and money laundering, policymakers set goals with a view to benefiting the domestic economy."
Faculty News

Prof. Nouriel Roubini says Ukraine should sign the EU Association Agreement

Bloomberg logo
Excerpt from Bloomberg -- "Ukraine should work with the European Union rather than a Russian-led customs union in order to boost its economy, said Nouriel Roubini, a professor of economics and international business at New York University. Ukraine’s 'macroeconomic condition is fragile' because of widening current-account and fiscal deficits and growing needs for external financing, Roubini said today at the annual Yalta European Strategy Conference on Ukraine’s Black Sea coast."
Faculty News

In an op-ed, Prof. Robert Engle examines systemic risk pre-financial crisis

Excerpt from the Institute for New Economic Thinking -- "On September 15, 2008, Lehman Brothers filed for bankruptcy and ushered in the worst part of the recent financial crisis. Today, we still discuss whether taxpayer money should have been used to rescue Lehman. My colleagues at NYU and I have developed measures of systemic risk, and this fifth anniversary affords us a good opportunity to look at what these measures would have indicated to Treasury Secretary Paulsen if they had been available at that time. The answer is quite surprising."
School News

Minneapolis Fed President Narayana Kocherlakota spoke at a Solomon Center event at Stern

Bloomberg logo
Excerpt from Bloomberg -- "'Policy makers need some way to gauge the relative likelihood of future events,' Kocherlakota said today in slides prepared for a speech in New York. 'For policy makers that care about social welfare, the relevant probability is a risk-neutral probability.'”
Research Center Events

NYU Stern-Federal Reserve Conference on Risk Neutral Density

NYU Flag
The Conference on Extracting & Understanding the Risk Neutral Probability Density from Options Prices will bring together researchers from NYU Stern and the Federal Reserve Banks of New York and Minneapolis to describe the work they have been doing on extracting the risk neutral density from options prices and analyzing the information it contains.
Faculty News

Prof. Arun Sundararajan on California's recent step to regulate the sharing economy

Financial Times logo
Excerpt from Financial Times -- "Arun Sundararajan, a professor at NYU Stern who studies the sharing economy, said the decision was a good example of regulation nurturing innovation. 'I like that it shifts a set of responsibilities that used to be the government’s to the platforms themselves,' he said. 'This is the right direction for the digital economy.'”
Faculty News

Prof. Philipp Schnabl's research on mutual funds is cited

USA Today logo
Excerpt from USA Today -- "Commercial paper outstanding shrunk by 15% a month after the Reserve fund's collapse, to $1.43 billion, according to a paper written by Kacperczyk and Philipp Schnabl, then with the Stern School of Business. Financial commercial paper — the type used by investment banks and finance companies to fund their operations — plunged 30% in the wake of the Reserve collapse, in large part because money funds aggressively reduced their holdings."
School News

Minneapolis Fed President Narayana Kocherlakota speaks at a Salomon Center event

CNBC logo
Excerpt from CNBC -- "Minneapolis Fed President Narayana Kocherlakota speaks at 1:45 p.m. at a conference at New York University Stern School."
School News

Assistant Dean Pamela Mittman discusses Stern's career development process

Clear Admit logo
Excerpt from Clear Admit -- "This generation of students is incredibly sophisticated in terms of their self-awareness. We encourage them and give them the flexibility to determine their strengths, values and interests. There is not a pack mentality. Our career development process is a very personalized one."
Faculty News

In an op-ed, Prof. Michael Spence reflects on worldwide economic policy and growth

Project Syndicate logo
Excerpt from Project Syndicate -- "We are in the process of learning how to manage growing policy interdependence without much policy coordination. The challenge is to identify policy circuit breakers that have relatively high benefit/cost ratios. Time and experience will help – that is, so long as high volatility does not destabilize many economies in the interim."
Faculty News

Prof. Jonathan Haidt discusses his course on professional responsibility

Los Angeles Times logo
Excerpt from the Los Angeles Times -- "The Stern School of Business at New York University, Fuld's alma mater, has adapted its required course on professional responsibility in the years since Lehman's collapse. 'The crisis gives us such amazing material on how you can get terrible, terrible outcomes — sometimes not involving terrible people,' said Jonathan Haidt, a specialist in moral psychology who co-teaches the course."