Faculty News

Nobel Laureate Prof. Robert Engle received the IAFE/SunGard Financial Engineer of the Year Award

Excerpt from Sungard -- "The International Association of Financial Engineers (www.iafe.org) and SunGard (http://www.sungard.com) today announced that Robert F. Engle, the Michael Armellino Professor of Finance at New York University and 2003 Nobel Laureate for Economics, has been named the 2011 IAFE/SunGard Financial Engineer of the Year (FEOY)."
Faculty News

Prof. Alvin Lieberman on how appearing in the film "The Italian Job" helped promote the BMW Mini

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Excerpt from CNBC -- "“The impact is enormous. What could be better than to see [the BMW Mini] in ['The Italian Job']? It fits into tight spaces, whips through tunnels. Those things impacted, absolutely, someone who was thinking about buying a small car.”
Faculty News

Prof. Anthony Karydakis is wary of recent evidence indicating economic recovery

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Excerpt from Reuters -- "The Fed will be watching for further credible evidence that this improving trend is gaining traction because we also went through a better period in the first quarter of last year."
Faculty News

Research Scholar Robert Frank's book, "The Darwin Economy," is referenced

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Excerpt from The Huffington Post -- "Robert Frank explains how individual incentives often conflict with those of the larger group in a terrific new book, 'The Darwin Economy: Liberty, Competition and the Common Good.'" Additional coverage appeared in Princeton University Press blog.
Faculty News

Prof. Lawrence White expects a rise in service jobs

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Excerpt from USA Today -- "We're a services economy, so you expect to see a rise in services. Some will be hamburger flipping, but some will be higher-skill jobs in health care."
Faculty News

Prof. Paul Romer's charter cities concept is cited as a solution for Asia

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Excerpt from Forbes -- "So much of Asia still could use the kind of remedy U.S. economist Paul Romer has been promoting for a few years--'charter cities ,' or development zones with special streamlined laws (really just rule of law) and low taxes that let trade and commerce flourish."
School News

"The Rap Guide to Business," written to welcome students to NYU Stern, is cited

Excerpt from The Times and Democrat -- "His work on Chaucer led to 'The Rap Guide to Evolution,' 'The Rap Guide to Human Nature' and 'The Rap Guide to Business,' which he was commissioned to write to welcome a new class at New York University's Stern School of Business."
Faculty News

Prof. Baruch Lev's book, "Winning Investors Over," is reviewed

Excerpt from IR Society -- "It looks at the fundamentals of investor communications and breaks down just what it is that investors want, how to achieve this, what to do and not to do."
Faculty News

Prof. Richard Sylla on the fate of Kodak

Excerpt from SmartMoney -- “Things like Apple and phones with digital cameras, they creatively destroyed Kodak. What’s the greatest company in one era is unlikely to be the greatest a half a century later.”
Faculty News

Prof. Jonathan Haidt will speak at the Chattahoochee Valley libraries in the fall

Excerpt from Columbus Ledger-Inquirer -- "And in the fall, University of Virginia psychology professor and author Jonathan Haidt, will discuss his book, 'The Righteous Mind: Why Good People Are Divided by Politics and Religion.'"
Faculty News

Dean Geeta Menon will speak at Madras Christian College's 175th year celebration

Excerpt from IBNLive.com -- "Dr Geeta Menon, Dean, Stern School of Business, New York University and distinguished alumnus of MCC will deliver a lecture on – Business: Past, Present and Future under the distinguished Speakers’ Lecture Series ‘World Class Business Education Programme’ - at Madras Christian College."
Faculty News

Prof. Xavier Gabaix's research on CEO compensation is referenced

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Excerpt from Forbes -- "One study by Xavier Gabaix (of MIT) and Augustine Landier (NYU) points out that the six-fold increase of CEO pay between 1980 and 2003 is 'fully attributed' to the six-fold increase in market capitalization (number of shares times share price) of large US companies."
Faculty News

Prof. Nouriel Roubini on Ireland's economy

Excerpt from Bloomberg Businessweek -- "Ireland’s economy is 'clearly double-dipping,' New York University professor Nouriel Roubini said today, after a report showed the country’s services sector shrank in December for the first time last year." Additional coverage appeared in Financial Times and Independent.
Faculty News

Prof. Edward Altman on US default rates

Excerpt from Dow Jones Daily Bankruptcy Review -- "New York University Professor Ed Altman, who is known for his work predicting corporate defaults, expects the dollar-denominated rate, which is usually lower than the issuer-denominated rates offered by S&P and Moody's, to be north of 3.5% by the end of the year."
Faculty News

An op-ed by Prof. Daniel Altman on election forecasting

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Excerpt from BigThink -- "Mitt Romney, a former governor of Massachusetts, beat Rick Santorum, a former senator from Pennsylvania, by just eight votes in the Iowa caucuses. But the really interesting thing was how the people who tried to forecast the result fared."
Faculty News

Prof. Scott Galloway on Yahoo! Inc.'s new CEO

Excerpt from Bloomberg TV -- "There's no denying they have unbelievable assets. The key is -- are the people who are in charge of these assets -- are they going to unlock the value of these assets? I would argue that this move is another data point in the gang that can't shoot straight."
Faculty News

Prof. Clifford Hurvich on Mitt Romney's win in Iowa

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Excerpt from Business Insider -- "Since this p-value is so small, it leads us to reject this null hypothesis, and start to believe instead that the two candidates are now running neck and neck."
Faculty News

An op-ed by Prof. Evan Shapiro on the TV hipster character

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Excerpt from The Huffington Post -- "I must say, however, Hipsters are not a new TV phenomenon. With thick glasses, just-so-avant-garde fashion and knowing smirks, Hipsters have had a special place on TV since the beginning of the medium -- even before the birth of the term." Additional coverage appeared in Popbytes.com.
Faculty News

Profs Nouriel Roubini and Luke Williams are featured as business professors to follow on Twitter

Excerpt from OnlineMBA.com -- "College professors are not all old, stuffy windbags. Many of them are youngish professionals who are embracing social media as a way to interact with students and colleagues and keep up with trends in their fields. Here are 50 business profs with Twitter feeds worth following."
Faculty News

Prof. Nouriel Roubini's predictions for China's economic growth are cited

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Excerpt from Forbes -- "Even well regarded economists like Nouriel Roubini of New York University worry that China’s growth could sink to 5 percent or less in 2013 or 2014." Additional coverage appeared in The Atlantic.
Faculty News

Prof. Aswath Damodaran's work on the discounted cash flow (DCF) model is featured

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Excerpt from CFA Institute blog -- "His presentation titled 'Valuation Inferno: Dante Meets DCF — Avoiding Common Mistakes in Valuation Analysis' is a step-by-step dissection of traditional DCF analysis wherein he guides the audience through the process of calculating a more accurate estimate of fair market value."
Faculty News

An op-ed by Nobel Laureate Prof. Michael Spence on global exchange rates

Excerpt from Malta Independent -- "As long as American economic policy remains focused primarily on deficits, domestic demand, exchange rates, and backsliding on trade openness, its investment deficiencies will remain unaddressed." Additional coverage appeared in The Daily News Egypt.
Faculty News

Prof. Lawrence White on banks regulating themselves

Excerpt from Financial Times (Germany) -- "Except for the bonds, the banks would then calculate the risk of the securities themselves largely. 'The proposal is basically a step in the right direction, because it limits the power of the three major rating agencies,' said Professor Lawrence White of the Stern School of Business at New York University" (German to English translation).