Faculty News

Professor Nicholas Economides comments on Greece's plan to curb tax evasion by mandating digital receipts in 2020

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Excerpt from CoinDesk -- "However, economist Nicholas Economides, whose previous advisory clients include the Bank of Greece in 1993, disagreed that this policy represents a dramatic shift. To the contrary, Economides said, the Greek government has required digital receipts for tax deductibles for more than five years. If citizens are unable to show bank records or credit card statements for deductible bills, paper receipts no longer suffice. As such, he argued this is merely another modernization push."
School News

Recent alumna Lia Winograd (MBA '19), Co-founder of Pepper, is named to Forbes' "30 Under 30" list

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Excerpt from Forbes -- "In 2017, she teamed up with coworker Lia Winograd to create a line of bras designed for women with small busts. The bras, which start at $48, have shallower cups, light padding and a specially curved underwire. Pepper has a distribution deal with Urban Outfitters and projects revenue of $6 million in 2020."
Faculty News

Professor Scott Galloway is quoted in a story exploring the rise and fall of RadioShack

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Excerpt from CBS News -- "'I wouldn't even call this a failure. I'd call it an assisted suicide,' Scott Galloway, a professor of marketing at New York University's Stern Business School, told Bloomberg. 'It's amazing it's taken this long for this company to go out of business.'"
Faculty News

Professor Adam Alter's comments on the humanization of brands are included in an article on how food companies have embraced social media

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Excerpt from Eater -- "As Adam Alter, a marketing professor at New York University, told Vice, 'this humanization of brands … means we’ve come to expect small doses of humanity from even large brands that may have once seemed faceless and corporate before the rise of social media.'”
School News

Center for Business and Human Rights Deputy Director Paul Barrett warns that skillfully made deepfake videos could impact the 2020 elections

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Excerpt from HuffPost -- "Paul Barrett, adjunct professor of law at New York University, added that 'a skillfully made deepfake video could persuade voters that a particular candidate said or did something she didn’t say or do.'"
School News

Stern's Fertitta Veterans Program is highlighted in a roundup on veteran-specific business programs

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Excerpt from The Veteran Pro -- "Although only open for those who get accepted into New York University’s Stern School of Business, the Fertitta Veterans program is an effort by a top school to work towards a successful integration of Veterans into their business program. The program is funded through a $15 million endowment from two Stern alumni who are also brothers. For those accepted, you can expect to not only participate in the program, but attend Stern at little to no cost."
School News

Research from the Center for Business and Human Rights on measuring human rights performance for investors is cited

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Excerpt from Bloomberg -- "Academics at NYU Stern said in a 2017 study that there were bigger gaps in the data around ‘S’ than ‘E’ and ‘G’. The study found that the available data focused on what was convenient to measure rather than meaningful, and that it lacked consistency."
Faculty News

Professor Melissa Schilling discusses how Sundar Pichai may approach his new position as CEO of Alphabet following Larry Page and Sergey Brin's recent departures

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Excerpt from Financial Times -- "As a professional manager, Mr Pichai will inevitably strike a more cautious stance than Google’s founders, says Melissa Schilling, a Stern business school professor. 'We’re likely to see more risk aversion, and a move to make the company more ordinary,' she says. But it is hard to see Mr. Page and Mr. Brin — whose shareholdings and board seats leave them still in the driving seat — settling for something quite so prosaic."
Faculty News

Analysis on the prevalence of advertising fraud from Professor Anindya Ghose is spotlighted

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Excerpt from Knowledge@Wharton -- "NYU scholar Anindya Ghose recently quantified the scale of this problem saying one in five ads one sees on a smartphone are fraudulent. "
 
School News

Professor Baruch Lev's joint research on the demise of value investing is mentioned

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Excerpt from InvestorPlace -- “'The reasons for this putative failure of value investing elude investors and academics, making it a challenge to assess the likelihood of the return of value investing to its days of glory,' according to a study on value stocks conducted by the NYU Stern School of Business."
 
Faculty News

"Professor Aswath Damodaran's recent valuation analysis on Aramco is cited "

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Excerpt from MarketWatch -- "Aswath Damodaran, a New York University professor, calculated Aramco at a valuation of $1.7 trillion might be a pretty good investment for Saudi nationals, but just for the dividends as the stock price won’t have much room to appreciate."
 
Faculty News

Data from the 2019 update of the DHL Global Connectedness Index (GCI), co-authored by Professor Steven A. Altman and Research Scholar Phillip Bastian, is highlighted

Excerpt from Benzinga -- "Steven Altman, a senior research scholar at the NYU Stern School of Business and the lead author of the DHL GCI, spoke at length on the causes and impact of global connectedness that had visibly declined over the last year. He pointed out that though the index did fall, it only reversed part of the increase that had propelled its figures to a record high in 2017 – noting that the index was still close to its all-time high."
Faculty News

Professor Scott Galloway offers his perspective on the social media backlash against Peloton following its release of a viral holiday ad

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Excerpt from Bloomberg -- "Scott Galloway, a professor of marketing a the NYU Stern School of Business, said the commercial itself is tone deaf and borderline offensive. But 'in this attention-driven economy, anything that gets attention is arguably a positive,' he said in an interview. 'It’s bringing Peloton into the social discourse on very regular basis, which is what ads are supposed to do' If Peloton had to do it again, Galloway said, 'I’d argue they probably would.'”
Faculty News

In an interview, Professor Arun Sundararajan explains why smaller retailers are feeling increased pressure to deliver packages quickly during the holiday season

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Excerpt from Marketplace -- "New York University professor Arun Sundararajan, who studies how technologies transform business, said shippers and online retailers are feeling increased pressure to deliver quickly. 'A lot of the expectations of consumers regarding speed of shipping have been driven by Amazon,' Sundararajan said. 'And for a smaller retailers, keeping up with that kind of expectation is incredibly hard.'”
Faculty News

Professor Anat Lechner weighs in on the challenges associated with a company undergoing a cultural transformation

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Excerpt from Bloomberg -- "That leaves Fitzpatrick more or less alone to steer Soros through this cultural transformation—while keeping alive its reputation as a premier asset manager. 'For a company to undergo a personality change, especially when there’s not a crisis, is almost impossible,' says Anat Lechner, a management professor at New York University’s Stern School of Business."
School News

Director of MBA Admissions Holly Curtis highlights the demand among prospective students for Stern's Andre Koo Tech MBA program, noting that 50 percent of the 2020 cohort is composed of women

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Excerpt from FindMBA -- "Holly Curtis, director of MBA admissions at Stern, says: 'We see a clear demand for the program. Prospective students are excited about refining their skills and strategic thinking in both business and tech. We welcomed our second class to campus in May. We’re proud the cohort is 50 percent female.'”
 
School News

Stern alumna Lola Alarcon Tomas (MSBA '17) is quoted in a trend story highlighting the School's Master of Science in Business Analytics as one of the top programs embracing the role of data in a competitive business landscape

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Excerpt from SI News -- "'The programme was overall above expectations…I met some of the brightest people that I’ve met in my career. We were more collaborative than competitive and I learned to approach problems from different angles. Data science for business opened a world to me and other subjects gave that wow factor to techniques that we should be applying for problem-solving,' says MSBA graduate, Lola Alarcon Tomas."
Press Releases

DHL Global Connectedness Index: Globalization Holding Up Under Pressure

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DHL and NYU Stern School of Business today released the 2019 update of the DHL Global Connectedness Index (GCI), which highlights key developments in international flows of capital, trade, information, and people.
Faculty News

Joint research on two-sided matching platforms by Professor Hanna Halaburda is cited

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Excerpt from BBC -- "Management Science published a study on online dating in 2017 which highlighted the paradox of choice, noting that increasing the number of potential matches has a positive effect due to larger choice, but also a negative effect due to competition between agents on the same side.'"
Faculty News

Professor Allen Adamson is quoted in a story examining the surge in online sales on Small Business Saturday

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Excerpt from E-Commerce Times -- "'The last straw that smaller retailers were holding onto was their ability to offer a more personal and special in-store experience versus the larger retailers,' he told the E-Commerce Times. 'Now that even American Express can't get consumers off their couch for Small Business Saturdays, they have to go head-to-head against Amazon online, where competing on price and delivery speed is a non-starter.'"
Faculty News

Professor Edward Altman warns that the magnitude of the next spike in default rates will be severe

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Excerpt from Fortune -- “'The magnitude of the next spike in default rates, whenever it occurs, will be severe,' said Edward Altman, professor emeritus at New York University’s Stern School of Business and director of the Credit and Fixed Income Research Program at the NYU Salomon Center. The pain will last longer than is typical, he believes, and more money will be lost than normal through defaults."
Faculty News

In an in-depth interview, Professor Ari Ginsberg discusses different approaches to innovation and how companies can create a more risk-tolerant corporate culture

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Excerpt from Innovation Leader -- "When Ari Ginsberg discusses the business ecosystem, it can sound like he’s narrating an episode of the nature show Planet Earth. Ginsberg, a Professor of Entrepreneurship and Management at New York University’s Stern School of Business, talks about young startups as field mice —tiny players in the ecosystem.
 
Faculty News

In a story profiling smart warehouse company Ohi, Professor Andrew Breen offers insights on e-commerce, delivery and logistics for small companies

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Excerpt from Reuters TV -- "'We know from Amazon it takes a tremendous amount of investment to actually get there. In addition, Amazon has a massive amount of logistics infrastructure knowing how to distribute to warehouses. If you have many, many small warehouses, how do you actually deal with that in logistics aspect? Just to put in some scale to it, Amazon in a decade went from a $1 billion in shipping to $60 billion and Q4 alone it's estimated that they are going to spend $1.5 billion just on same day delivery under Prime.'"
School News

Stern's Master of Science in Accounting program is recognized as the best program of its kind in New York

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Excerpt from MetroMBA -- "If you want to work in the financial district of New York City, there are two schools you should consider. For accountants, NYU Stern has a one-year, 30-credit program regarded as the best Master’s in Accounting in New York."
Faculty News

Professor Paul Hardart offers his perspective on Netflix's recent purchase of the Paris Theatre cinema in New York City

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Excerpt from WIRED UK -- "The cinema chains will likely claim that Netflix’s decision to buy the lease to the Paris Theatre has been done in response to the fraught relationship the streaming giant has had with the major cinema chains. But they could go further. 'To me, it's a pretty smart move,' says Paul Hardart, director of entertainment, media and technology at New York University Stern School of Business. 'For a long time, they were just saying, we want people to watch it, wherever they want to watch it, how they want to watch it – in their homes.'”