Faculty News

Professor Nathan Pettit's new research on status momentum is mentioned

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Excerpt from Cosmos -- "There was no better example than in tennis, the researchers say. They found that players committed more double faults when facing an opponent with status momentum. Kakkar and colleagues Niro Sivanathan, from the London Business School, and Nathan Pettit, from New York University, were certainly comprehensive in their endeavours."
Faculty News

Professor Scott Galloway argues that Lyft's new standardized protocol for determining whether to ban drivers who may pose a safety threat to passengers is an effort to reduce costs and abdicate responsibility

Excerpt from The Seattle Times -- “'Removing human nuance around something as sensitive around which drivers are barred or disbarred . . . is an effort to reduce costs and to abdicate responsibility,' said Scott Galloway, a professor of marketing at New York University’s Stern School of Business who has focused on the technology industry."
Faculty News

Professor Amy Webb discusses the potential wide-ranging impacts of splintering of the online world

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Excerpt from Popular Mechanics -- "The bigger worry is a sharp splintering of the online world, says Amy Webb, founder of the Future Today Institute and a professor of strategic foresight at New York University’s Stern School of Business."
Faculty News

Professor Andrea Bonezzi's joint research on consumers’ receptivity to medical AI is spotlighted

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Excerpt from Harvard Business Review -- "We explored patients’ receptivity to medical AI in a series of experiments conducted with our colleague Andrea Bonezzi of New York University. The results, reported in a paper forthcoming in the Journal of Consumer Research, showed a strong reluctance across procedures ranging from a skin cancer screening to pacemaker implant surgery. We found that when health care was provided by AI rather than by a human care provider, patients were less likely to utilize the service and wanted to pay less for it. "
Faculty News

Professor Steven Blader shares advice for how managers can effectively approach one-on-one meetings with their employees

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Excerpt from Thrive Global -- "For a working relationship to be most effective, it needs to be built on trust — and a great way to build trust is to show your direct reports that you are reliable, and will prioritize your one-on-ones. In fact, 'consistency and regularity are probably more important than the actual frequency” of the meetings', Blader says."
Faculty News

Professor Edward Altman's Z-Score research is highlighted

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Excerpt from Quartz -- "Edward Altman, in 1968, introduced the Altman Z-Score as part of a scholarly article published in the Journal of Finance. Altman, currently professor emeritus of finance at New York University’s Stern School of Business, analysed companies based on five financial ratios."
Faculty News

Professor Bryan Bollinger's research on the impact of reusable bags on grocery shopping habits is featured

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Excerpt from Ensia -- "Not only that, but a recent study by University of California, San Diego, neuroeconomist Uma Karmarkar and New York University associate professor of marketing Bryan Bollinger looking at consumption habits among people who brought reusable bags for grocery shopping found that making a moral or 'good” decision in one domain appeared to give people license to make more indulgent decisions in another.'"
Business and Policy Leader Events

NYU Stern's "In Conversation with Lord Mervyn King" Series Presents Indra Nooyi

Lord Mervyn King and Indra Nooyi
NYU Stern's "In Conversation with Lord Mervyn King" series hosted Indra Nooyi, former chairman and CEO, PepsiCo, and Board of Directors, Amazon this fall.
Faculty News

Professor Karen Brenner offers thoughts on how companies can effectively respond to whistle-blowers' complaints

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Excerpt from Agenda -- “'The president is seeking to be punitive to the whistle-blower, and that would be absolutely inappropriate in the corporate setting,' says Karen Brenner, a veteran board director and executive director of law and business at New York University’s school of business. 'It’s my understanding that there’s a strong anti-retaliation protection in government, but right now it’s not being respected.'"
Faculty News

A joint statement, co-authored by Professor Michael Spence and more than 30 economists, addressing the US-China trade war is cited

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Excerpt from The Business Times -- "Prominent economists from China and the US including Joseph Stiglitz, Michael Spence, and three other Nobel winners say that the two largest economies should abandon trade issues and instead agree to form a new path for more latitude for both countries."
School News

Entrepreneur and recent graduate Lia Winograd (MBA '19), Co-founder of Pepper, is profiled as part of a P&Q trend story highlighting the most disruptive MBA startups of 2019

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Excerpt from Poets & Quants -- "In theory, you could claim that starting a venture might distract students, taking time away from their studies, extracurricular activities, and networking. Certainly, Lia Winograd made tradeoffs while building Pepper at New York University. At the same time, she counters, she had access to a wealth of resources, and faculty advice – while being able to apply what she learned in real time. In other words, business school served as a safety net that kept the pressure at bay. Even more, she leveraged her alumni connections to amass early seed funding."
Research Center Events

Roundtable on Current Expected Credit Losses (CECL): Transparency or Opacity? Implementation and Effects on Lending and Pro-Cyclicality

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NYU Stern's Vincent C. Ross Institute of Accounting Research and the Salomon Center for the Study of Financial Institutions hosted a roundtable discussion this fall, convening academics, banking and accounting industry professionals, policy-makers and regulators, to debate key issues related to the Current Expected Credit Losses (CECL) standard, its implementation and its effects on lending and pro-cyclicality.
Faculty News

Professor Aswath Damodaran shares his thoughts on how the 2019 IPO market will affect companies contemplating a move to go public

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Excerpt from Fortune -- "Aswath Damodaran, the so-called dean of valuation and professor of finance at NYU’s Stern School of Business, says pricing depends on mood and momentum—and this year, 'the momentum shifted.'”
Faculty News

Professor Simon Bowmaker's new book, "When the President Calls: Conversations with Economic Policymakers," is spotlighted

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Excerpt from Association of MBAs -- "In this excerpt from When the President Calls: Conversations with Economic Policymakers, Summers talks to the book’s author, Simon Bowmaker, about contrasting leadership styles."
 
Faculty News

During an in-depth podcast interview, sharing examples of a meaningful person, place and thing, Professor Tensie Whelan illustrates the competitive advantage for companies that embrace sustainable business practices

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Excerpt from Person Place Thing -- "For me it's that connection between civil society and business which is what I do today that creates this opportunity for innovation and creation and actually tackling these challenges together. But you always need, in every single company, one person who will stand up and believe and try it."
Faculty News

Professor Alixandra Barasch's joint research on the relationship between taking photos and memory is cited

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Excerpt from Yahoo Finance -- "The work of Alixandra Barasch from New York University, Kristin Diehl at the University of Southern California and Jackie Silverman at the University of Pennsylvania has shown that taking pictures tends to aid recall when people consciously look for specific details or aspects to photograph. They called this 'volitional photo taking.'”
Faculty News

Professor Thomai Serdari's comments on Authentic Brands Group's plan to license the Barneys brand to Saks Fifth Avenue are featured

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Excerpt from Retail Dive -- "'The deal that is allegedly penned between ABG and Saks will capitalize on the ghost of the creative brand that Barneys used to be by transforming it into a series of soul-less, licensed merchandise for mass consumption,' Thomai Serdari, a professor of luxury marketing and branding at New York University's Stern School of Business, told Retail Dive last week, adding that no amount of 'curation' or homage 'can be as groundbreaking as Barneys has been.'"
Faculty News

In a video interview, Professor David Yermack explains how Facebook's Libra differs from Bitcoin

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Excerpt from CNBC -- "It's very different than cryptocurrency like bitcoin or ether, which is decentralized, has no leadership, and relies on a community of people who compete to build the blocks that update the transactions. Because of the design of something like bitcoin, it really can only accommodate a small amount of traffic. But something with central management like libra could really grow to almost any size that you wished.'"
 
Faculty News

Professor Robert Engle is profiled as part of a P&Q "Professor of the Week" segment; his recent research on measuring systemic risk in the financial system is spotlighted

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Excerpt from Poets & Quants -- "Now, Poets&Quants’ Professor of the Week, Nobel Prize-winning economist Robert F. Engle of New York University Stern School of Business, has created a new tool to measure systemic risk in the financial system, and hence the risk of a new global financial crisis."
Faculty News

Professor Arun Sundararajan weighs in on future of the IPO landscape; his book, "The Sharing Economy," is referenced

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Excerpt from CGTN -- “'I believe that in the long run we could see some benefit for tech investing in general,' says New York University Professor Arun Sundararajan, the author of 'The Sharing Economy.' 'The amounts of capital infused into companies pre-IPO aren’t quite as enormous and the valuations stay realistic until the company is subjected to the rigorous of the public market.'”
Business and Policy Leader Events

NYU Stern’s MS in Risk Management Program Marks 10-Year Anniversary

Stern Leadership and Faculty with MSRM Alumni Committee at the 10 Year Risk Symposium
NYU Stern’s MS in Risk Management (MSRM) program, the first of its kind at a top business school and presciently developed before the 2008 financial crisis, is marking its 10th anniversary.
Faculty News

Professor Aswath Damodaran's thoughts on the connection between zero brokerage commissions and investor cost savings are featured

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Excerpt from MarketWatch -- "That’s because brokerage commissions already were so low that they amounted to nothing more than a 'drop in the bucket' of total transaction costs, according to Aswath Damodaran, a professor of finance at the Stern School of Business at New York University. Therefore, he said in an interview, the move to zero commissions will not lead to significant cost savings for almost all investors."
Faculty News

In an in-depth Q&A interview, Professor Richard Sylla analyzes the US stock market crash of 1929 and discusses the effect Black Thursday had on the economy

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Excerpt from TIME -- "TIME spoke to financial historian Richard Sylla, a Professor Emeritus of Economics and the former Henry Kaufman Professor of the History of Financial Institutions and Markets at New York University Stern School of Business and Chairman of the board of the Museum of American Finance in New York City."
Research Center Events

Executive Education Short Course: Communication Strategies: Developing Leadership Presence

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In this advanced communication program, participants will practice developing and delivering well-crafted, concise messages with clearly defined intents that support their personal brand.
Faculty News

In a live interview, Professor Scott Galloway discusses the value of WeWork following SoftBank's $9.5 billion majority takeover

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Excerpt from Bloomberg -- "'There is value here. There's a global brand that has evolved the workspace on a unit level--there probably are some properties that make money. The issue is, if you then back out the $43 billion in long-term leases that have an average duration of 15 years, you likely have a company that's not only worth less than $8 billion, it's probably got negative value.'"