Faculty News

Professor Baruch Lev's book, "The End of Accounting," is reviewed

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Excerpt from Barron's -- "In this provocative book that should cause investors to rethink their assumptions, Baruch Lev and Feng Gu indict the accounting rules that are supposed to give the financial data meaning."
Faculty News

Professor Paul Romer shares how policymakers can foster economic growth

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Excerpt from Bloomberg -- "'If we could be running it much closer to full capacity, all of the shortages, bottlenecks and constraints' would surface, Romer said in an interview Thursday in Washington."
Faculty News

Professor Michael Spence argues that economic growth alone does not improve the standard of living in developing countries

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Excerpt from The Atlantic -- "Missing from growth are many things: health, distributional aspects of growth patterns, sense of security, freedoms of various kinds, leisure broadly defined, and more."
Student Club Events

21st Annual NYU Stern Graduate Finance Association Conference

On Friday, November 4, the Graduate Finance Association will host its 21st annual conference, themed "Navigating Uncertainty: The Future of Finance in a Changing Marketplace."
Business and Policy Leader Events

Fall 2016 PhD Open House

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Meet Stern faculty and current PhD students and learn more about the Stern PhD Program at the Fall 2016 Open House.
Faculty News

Professor Robert Engle weighs in on current market volatility

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Excerpt from Bloomberg -- "The volatility is pretty low right now. We see how it moves up every now and then. I see the vixes going up relative to air volatility measures, which means, I think it's got something that thinks it's worried about in the future, and I suppose that's the election next week."
Faculty News

Professor Jonathan Haidt is interviewed about his talk at TEDNYC on political differences

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Excerpt from TED blog -- "'Both sides are right about something,' Haidt says. 'There are a lot of problems in the country, but neither side is capable of seeing them all.'"
Faculty News

Professor Roy Smith comments on Donald Trump's business empire

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Excerpt from the Financial Times -- “'He was very involved with the big banks during his Atlantic City days, but none of that worked out well for the banks,' says Roy Smith, a former Goldman Sachs partner who is a professor at the New York University Stern School of Business. 'I don’t know anyone in a top position at a major publicly traded financial firm who is for him.'"
Research Center Events

NYU Global Research Professor Ian Bremmer Delivers Lecture on Global Political Risk

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The Risk Roundtable featured a lecture by Ian Bremmer, one of the preeminent thought leaders on foreign policy and global political risk.
Faculty News

Professor Arun Sundararajan’s book on the sharing economy is highlighted

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Excerpt from Bloomberg -- "Arun Sundararajan, professor at New York University’s Stern School of Business and author of 'The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism,' makes the point with a few specific examples: There are 80 million power drills in the U.S. and on average each is used just 13 minutes during its lifetime; there are 250 million cars in the country and most do nothing more than take up parking spaces or fill garages; millions of dwellings have spare rooms that sit empty; unworn clothing fills closets."
School News

Stern's Fertitta Veterans Program, made possible by a​n endowment​ gift from Lorenzo Fertitta (MBA '93) and Frank J. Fertitta III, is featured

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Excerpt from Poets & Quants -- "'We’re thrilled to be able to honor men and women of the armed services,' Henry says. 'We believe in producing leaders who can transform the 21st century, and we think veterans embody so many of the characteristics we think are essential.'"
Faculty News

Professor Jeffrey Carr shares his views on venture capital firm Village Capital's peer-selection business model

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Excerpt from OZY -- "Simply because someone started a successful company in a certain industry does not mean that they can replicate that, or that they can identify it in somebody else.'"
Faculty News

Research Scholar Brandon Fuller's work on migration programs for entrepreneurs is referenced

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Excerpt from US News & World Report -- "In addition to workers, states could also set up visas for entrepreneurs and smaller-scale investors – categories that don't currently exist in the federal system. Canada and Australia have similar regional migration programs. These programs have created greater population and employment growth, according to Cato Institute research by Brandon Fuller and Sean Rust. And the stakeholders are happy with the results."
Faculty News

Professor David Yermack is interviewed about blockchain's impact on the securities industry

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Excerpt from Financial Advisor -- "'A lot of financial advisors make their money through relationships with asset management companies. That may be much more difficult to do in the future. The technology will raise questions whether investors need to have investment companies involved at all in executing and settling their trades,' said New York University Stern School of Business Finance Department Chair David Yermack, who gave what may have been the first major presentation to the SEC on blockchain."
Press Releases

NYU Stern Designs Program Exclusively for U.S. Military MBAs with $15 Million Endowment Gift

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With Veterans Day approaching, New York University’s Stern School of Business is announcing a $15 million endowment gift from alumnus Lorenzo Fertitta (MBA ’93) and brother Frank J. Fertitta III to create a new program exclusively for U.S. military veteran and active duty students who will be entering the School’s full-time MBA program next year.  
Faculty News

Professor Jonathan Haidt is quoted on the Democratic convention slogan and messaging

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Excerpt from The Atlantic -- "When the Democrats adopted 'We are stronger together' as a convention slogan, Haidt observes, it was almost as if they were heeding the advice of scholars like Stenner to suppress intolerance by celebrating sameness. In Haidt’s telling, the convention’s most successful moment was when Khizr Khan stood onstage with his wife, brandishing a pocket Constitution and declaring, 'We are honored to stand here as the parents of Captain Humayun Khan, and as patriotic American Muslims with undivided loyalty to our country.'"
School News

MBA students from Stern's class of 2018 are profiled; Isser Gallogly, Associate Dean, MBA Admissions and Program Innovation, is quoted

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Excerpt from Poets & Quants -- "'Individually, they represent a diverse set of professional backgrounds, cultures and experiences,' he notes. 'Collectively, they are a high-potential group with a passion for Stern and strong "IQ plus EQ."'"
Faculty News

Professor Robert Salomon's book, "Global Vision," is named one of the "Best Business Books of 2016" by strategy + business

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Excerpt from strategy + business -- "Instead of looking to the best practices of the Fortune 500, Salomon seeks salvation in data. The ease or difficulty of doing business in another country isn’t determined only by the norms and culture of that country; it’s also determined by the ease or difficulty of doing business that you’re accustomed to in your home country. Salomon believes it is possible to measure and express as a number such differences as the 'institutional distance.' And, he continues, 'studies show a positive correlation between institutional distance and the level of risk in doing business across countries.' When crafting a global strategy, he argues, executives would be well advised to calculate that distance."
School News

Stern's Mindfulness in Business initiative is highlighted; Connie Kim, Director of Leadership Development, is interviewed

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Excerpt from TopMBA -- "Mindfulness practice can support us in this line of inquiry. It can help us ask the tough questions that can then lead to wiser decisions and actions, says Connie Kim, director of NYU Stern’s Leadership in Development program, which teaches mindfulness to full-time and executive MBA."
Research Center Events

Executive Education Short Course: Disruptive Leadership: Fostering a Culture of Game-Changing Innovation

Executive Education Short Course: Disruptive Leadership
This program is intended for those who wish to rethink the habits that have made them successful in the past, and challenge the conventional wisdom and industry models that have defined their businesses. To achieve these objectives, this course combines presentations and discussions with practical exercises so that participants can apply disruptive leadership principles to business issues and scenarios.
Faculty News

Professor Robert Salomon weighs in on the future of the telecom industry in light of AT&T's acquisition of Time Warner

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Excerpt from Xinhua -- “‘Gone are the days when consumers just observe content over television screens, but now they are consuming content over mobile, over computers, and other devices,’ said Robert Salomon, associate professor of New York University's Stern School of Business.”
Faculty News

Professor Arun Sundararajan argues that Airbnb has a strong case against New York State in challenging its new restrictions

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Excerpt from The Economist -- "The firm has a good case, reckons Mr Sundararajan. Firms such as YouTube and Facebook have already invoked such a defence successfully."