Faculty News

Professor Allen Adamson is quoted in a story exploring how Jet.com prepared Walmart for the coronavirus pandemic

Excerpt from Adweek -- "Additionally, Allen Adamson, founder of marketing firm Metaforce and adjunct professor at New York University’s Stern School of Business, said acquisitions are sometimes used as catalysts to “get your own people to move faster” and the internal competition between Walmart and Jet staffers could have forced each team to work harder."
Faculty News

Professor Arun Sundararajan highlights how the COVID-19 pandemic has accelerated the inevitable phase in the evolution of ride hailing in which companies would rely less on aggressive discounting and prices would go up

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Excerpt from Quartz -- “'It’s a phase in the evolution of ride hailing that we expected to see at some point, where [ride-hailing companies] would rely less on aggressive discounting and prices would go up,' says Arun Sundararajan, a professor at New York University’s Stern School of Business who focuses on the sharing economy. 'We would have reached a point where prices were in line with what people are willing to pay for a higher quality product—we’re just reaching that point faster.'"
Faculty News

Key takeaways from Professor Jonathan Haidt's moral foundations theory are highlighted

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Excerpt from The New York Times -- "The opposition among conservative Republicans to the lockdown — designed to protect American from contact with the coronavirus — presents an interesting corollary to the moral foundations theory developed by Jonathan Haidt of N.Y.U. and Jesse Graham of the University of Utah. In essence, the theory posits that conservatives are more preoccupied with notions of purity and disgust than liberals."
Faculty News

Professor Haran Segram notes that Ensign Peak Advisors seems to be making new investments in companies with strong cash flows and prospects to increase those flows

Excerpt from Salt Lake Tribune -- "The first observation is they moved to something called ‘stay-at-home stocks,’ said Haran Segram, a clinical assistant professor of finance at New York University’s Stern School of Business. Segram, who teaches a course in the valuation of stocks, defines that term as companies consumers will keep using or use more often while social isolating."
Faculty News

Professor Tensie Whelan explains how the coronavirus crisis has highlighted the growing consumer concern around the health and safety of frontline workers amid a pandemic

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Excerpt from Marketing Dive -- "'That kind of public statement is rare, but it does happen when you have somebody who has strong moral convictions, sees things going wrong and knows that, in their position, they can make a fuss about it,' Tensie Whelan, director of the NYU Stern Center for Sustainable Business, said in a phone interview."
Faculty News

Professor Thomai Serdari discusses why e-commerce is not a guarantee of a seamless shopping experience

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Excerpt from Retail Dive -- "'With a few years of experience in buying online and several painful experiences of having to return the product, consumers realize that e-commerce is not a guarantee of seamless shopping,' said Thomai Serdari, a marketing and branding professor at New York University's Stern School of Business, and author of the forthcoming book 'Rethinking Luxury Fashion: The Role of Cultural Intelligence in Creative Strategy.'"
Faculty News

In a video interview, Professor Viral Acharya discusses the fallout of the coronavirus epidemic

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Excerpt from Global Finance Magazine -- "Viral V. Acharya, C.V. Starr Professor of Economics at New York University’s Stern School of Business and a former deputy governor of the Reserve Bank of India, speaks with Global Finance about the fallout of the coronavirus epidemic."
Faculty News

Center for Business and Human Rights Deputy Director Paul Barrett warns that while many social media sites are more aggressive trying to stem the flow of misinformation during the coronavirus crisis, they simply cannot catch everything

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Excerpt from Newsy -- "'The platforms are taking the initiative and being more aggressive generally in how they approach the coronavirus crisis,' said Paul Barrett, deputy director of New York University's Stern Center for Business and Human Rights and author of several studies on disinformation. 'I think there's a lot of evidence of a lot of goodwill and a lot of energy being invested here, but they can't get everything.'"
Faculty News

In a co-authored op-ed, Professors Michael North and Batia Wiesenfeld offer three solutions to prevent COVID-19 from creating an irreversible generational divide

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Excerpt from Newsweek -- "This pandemic is a watershed event for America. How we collectively manage the coming months will determine whether we will further polarize along generational lines or emerge a truly multi-generational society. Let's choose the latter. #InThisTogether"
School News

Stern's Graduate Class of 2020 Celebration is included in a P&Q roundup

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Excerpt from Poets & Quants -- "Many schools are making the most of it, pulling together pre-recorded video segments and surprise elements that have made commencement for the Class of 2020 more memorable than ever.
 
Faculty News

Professor Michael Spence is quoted in an article exploring whether global institutional infrastructure needs major reform to cope with challenges posed by the coronavirus pandemic

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Excerpt from China Daily -- "Michael Spence, professor of economics at New York University’s Stern School of Business and a Nobel Prize winner for economics, said there would have to be substantial input from China if the system was to be reformed. 'If it happens, China will have to play a major role. If China is left out, it won’t work — just like if the US or Europe were not there,' he said."
Press Releases

Endless Frontier Labs at New York University’s Stern School of Business Graduates its 2019-2020 Cohort of Startups

NYU Stern campus
Endless Frontier Labs (EFL), a program for early-stage science and technology-based startups at New York University Stern School of Business, graduated its 2019-2020 cohort of startups, concluding its nine-month program.  The EFL application for the 2020-2021 cycle is now open until 9 PM (ET), Friday, August 21, 2020.  Founders of life sciences and deep technology startups at an early stage (pre-Series A financing) are encouraged to apply to the 2020-2021 program cycle.
Faculty News

Professor Edward Altman predicts that 8% of all firms whose debt is rated speculative grade will default in the next 12 months

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Excerpt from The Economist -- "Edward Altman of nyu Stern Business School reckons that about 8% of all firms whose debt is rated speculative grade (about 1,900 in all) will default in the next 12 months. This figure could reach 20% over two years. He expects at least 165 large firms, those with more than $100m in liabilities, to go bankrupt by the end of 2020."
Faculty News

Center for Business and Human Rights Deputy Director Paul Barrett explains why misinformation on Instagram often takes the form of memes and other images that are harder for the company’s systems to detect

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Excerpt from Yahoo Finance -- "The problem, according to those who study it, is that misinformation on Instagram often takes the form of memes and other images that are harder for the company’s systems to detect and can be more difficult for the company’s human reviewers to parse. And while Instagram is building out new systems to address this, images can be a much more effective conduit for bad actors, says Paul Barrett, the deputy director of NYU's Stern Center for Business and Human Rights."
Faculty News

Professor Allen Adamson discusses the uncertain future for the fitness industry amid the COVID-19 pandemic

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Excerpt from Pix11 -- “'I think you can look at Amazon as an indication of the future,' said Allen Adamson, NYU Stern School of Business. 'They were selling books online and book sellers didn’t taken the seriously… People looked at Peloton as a niche and it’s going to become far more mainstream preeminently after this event.'”
Faculty News

New research from Professor Arpit Gupta examining the role of demographic differences in mobility in explaining disparities in COVID-19 outcomes in New York City is spotlighted

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Excerpt from The New York Times -- "The first of these two estimates is from a working paper by Arpit Gupta and Joshua Coven of New York University, who used smartphone location data to measure disparities and mobility patterns among New York City residents from March 2 to March 27."
Faculty News

In a co-authored op-ed, Professor Sabrina Howell examines whether venture-backed innovation is particularly vulnerable to economic downturns

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Excerpt from VoxEU -- "In the wake of the COVID-19 crisis, governments around the world have raced to buttress their economies (Baldwin and di Mauro 2020). National venture capital sectors have not been exempted: Canada, France, Germany, the UK, and many other nations have committed billions of dollars to shore up venture firms and the companies they fund."
Faculty News

Professor Paul Hardart shares why he believes that filmmakers and television producers are well-suited to adapt to "new normal" regulations once the industry reopens for business

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Excerpt from Newsday -- “'Producers and productions crews are used to trouble shooting so I think they’re going to come up with various workarounds which is kind of how they’re wired,' said New York University professor Paul Hardart, director of the entertainment, media and technology program at the university’s Stern business school."
Faculty News

Professor Tom Meyvis underscores how the coronavirus crisis has caused an increased reliance on technology and has left people craving hobbies that feel more real

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Excerpt from Yahoo Finance -- "Other people, now facing an increased reliance on technology, such as virtual meetings and online shopping, could be looking for something that feels real, said Tom Meyvis, professor of marketing at New York University."
Faculty News

Professor Nouriel Roubini shares his perspective on the future of China's sovereign digital currency

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Excerpt from Abacus -- "Nouriel Roubini, a professor of economics at New York University's Stern School of Business, said the main problem, however, with the potential success of central bank digital currencies would be that they could disrupt the current system of traditional banking business of taking deposits to use the funds to extend loans."
Faculty News

Professor Melissa Schilling's remarks on how Sundar Pichai may approach his position as CEO of Alphabet are cited

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Excerpt from InvestorPlace -- "Stern Business School management professor Melissa A. Schilling points out: 'As a professional manager, Mr Pichai will inevitably strike a more cautious stance than Google’s founders … We’re likely to see more risk aversion, and a move to make the company more ordinary.'”
Faculty News

Professor Joseph Foudy comments in a story that examines the challenges cleaning service businesses are facing in the midst of the COVID-19 pandemic

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Excerpt from Pix11 -- "However, smaller companies that just do home cleaning in a given neighborhood do not have the option to simply move around their workforces. NYU Stern School of Business Economist Joseph Foudy is not so sure the commercial business will make up for loss of home cleaning revenue, especially with all the offices and schools closed during the lockdown."
Faculty News

Professor Scott Galloway's comments on how science shows there is an arc to happiness are mentioned

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Excerpt from CNBC -- “'Science shows there is an arc to happiness. Specifically, it looks like a smile,' Galloway previously told CNBC Make It. 'So, your younger years, your childhood, your teens, your college years [and] young adulthood are the stuff of college football games, time with friends, sexual exploration, experimentation — a lot of great stuff. And, you’re taught that the world is yours for the taking and you believe it,' he said."
Faculty News

Professor Arun Sundararajan asserts that the rise of delivery services doesn’t need to be at the expense of restaurants, noting that most of the successful businesses in the industry have active digital channels

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Excerpt from The Hill -- "But the rise of delivery services doesn’t need to be at the expense of restaurants, said Arun Sundararajan, professor at New York University Stern School of Business. 'A number of restaurants are going out of business. If you think about things through that lens, the restaurants that survive are likely to be the ones who were either doing a lot of deliveries through these platforms or turned to this channel and used it well,' he said."