Faculty News

In an Q&A interview, Professor David Yermack offers advice for consumers interested in applying for an unsecured credit card

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Excerpt from WalletHub -- "The costs are high because customers with poor credit tend to default at high rates. Lenders need to compensate for this by charging higher fees and interest."
Faculty News

In a live interview, Professor Arun Sundararajan explains why circumstances surrounding WeWork underscores a transparency issue among early-stage IPOs

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Excerpt from CNBC -- "Companies are getting too much capital in before being subjected to the scrutiny of public markets, says Professor Arun Sundararajan from the New York University Stern School of Business."
Faculty News

In an op-ed, Professor Allen Adamson highlights the evolution of how marketers use celebrities in their branding

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Excerpt from Branding Mag -- "The idea of using a celebrity’s status or credibility to help boost awareness or sales of a product has been a marketing strategy since at least the 1700s when Robert Wedgewood asked members of the Royal Family to endorse his family’s elegant Wedgewood tableware."
Faculty News

Professor Anindya Ghose notes that Japanese companies must break out of their comfort zone in order to succeed in global markets

Excerpt from Campaign Asia -- "'To become truly global will require Japanese executives to get out of their comfort zone and think drastically differently about organisation, marketing, and strategy,' said Anindya Ghose, Heinz Riehl Chair Professor of Business at New York University’s Stern School of Business.
School News

The STEM designation of Stern's two-year Full-time MBA program and focused Andre Koo Technology and Entrepreneurship MBA program is highlighted

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Excerpt from BusinessBecause -- "The STEM trend continues as two top US schools, NYU Stern and Michigan Ross, announce STEM designations on their MBA programs. NYU Stern’s full-time MBA joins its Technology and Entrepreneurship MBA as the second STEM program at the school."
 
Faculty News

In an op-ed, Professor Allen Adamson asserts that a large portion of Tesla's success stems from its competitors' lack of significant innovation

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Excerpt from Forbes -- "The headlines about the valuation of Tesla seem to multiply along with the company’s share price. As the electric-car maker’s market value recently topped $100 billion, it’s clear that Elon Musk has driven Tesla into a new zone. But, Tesla’s peak is not necessarily because Wall Street believes Musk is doing everything right."
School News

Professor and EFL Director Deepak Hegde explains why cultivating a positive culture is one of the most important priorities startups need to consider when scaling up; Endless Frontier Labs is mentioned

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Excerpt from Business Insider -- "Formalizing those systems and processes is hard, but professor Deepak Hegde says getting your company’s culture right is one of the most important things startups need to watch out for when scaling up their teams. Hegde researches management and organizations at New York University, and also directs Endless Frontier Labs, which helps technology and science startups scale. 'As a founder, you are so used to doing everything yourself,' Hegde told Business Insider. 'Your startup becomes your baby.'”
Faculty News

Professor Lawrence White asserts that companies will divert their business out of New York following the Trump Administration's move to prohibit NY residents from renewing their access to Global Entry and other Trusted Traveler Programs

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Excerpt from Fortune -- "Companies will soon begin to divert their business out of New York and to other states’ points of entry, agrees Lawrence J. White, a professor at New York University’s Stern School of Business. 'There are alternatives, like Vermont,' he says. 'Certainly the trucking companies will become quickly aware if they aren’t already, and so they’ll divert to another state. They will explore alternatives.'"
Faculty News

Professor Vasant Dhar discusses the current regulatory environment surrounding technology companies, noting how California’s consumer protection law is a step in the right direction

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Excerpt from InvestorPlace -- "'The unbridled profit maximizing ‘objective functions’ that are applied at scale will continue to abuse data to the extent they can get away with it. The communications act of 1996 protects them. This should change. California’s consumer protection law is a step in the right direction in that it puts businesses on notice for violations, namely, if the data are used for purposes other than those stated by the data collector. But enforcement will not be easy.'”
 
School News

Graduate student Elizabeth John (MBA '21) discusses key sustainability issues ahead of the 2020 ClimateCAP conference, noting Stern's Center for Sustainable Business' continued commitment and growing presence in the sector

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Excerpt from Poets & Quants -- "Anecdotally, I’ve sensed a lot of interest even from folks who are not necessarily recruiting for sustainability or environmentally focused positions. I think people realize this is something that touches every part of business. So I would say there is a wide interest and whenever I talk about what I’m looking into, other people seem very interested. I don’t know how that compares to maybe several years ago. I know the (Stern) Center for Sustainable Business is becoming even more present and important and getting a lot of features. So I imagine that’s becoming more and more of a driver for students at other schools too."
Faculty News

Professor Jonathan Haidt explains why he believes social media is a contributor to the recent rise in teen mental health problems

Excerpt from Nature -- "A sudden increase in the rates of depression, anxiety and self-harm was seen in adolescents — particularly girls — in the United States and the United Kingdom around 2012 or 2013 (see go.nature.com/2up38hw). Only one suspect was in the right place at the right time to account for this sudden change: social media."
Faculty News

Professor Aswath Damodaran's valuation model is referenced in a story about Tesla's rising share price

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Excerpt from Bloomberg -- "Using a valuation model created by Aswath Damodaran, a professor at New York University’s Stern School of Business, there’s a way to reach $1,000 per share -- though it would require sales at the electric car-maker to jump 10-fold from 2019’s full year figures."
Faculty News

Professor Paul Wachtel is quoted in a story exploring the shifting relationships between politicians and central bankers

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Excerpt from World Finance -- “'Trump has no intellectual or personal issues with Powell – he just finds him to be a convenient target,' said Professor Paul Wachtel, an expert on central banking who teaches at the New York University Stern School of Business."
Faculty News

Professor Anindya Ghose's comments on advanced artificial intelligence (AI) are referenced

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Excerpt from AdExchanger -- "It also ignores a fundamental truth: We are entering a new battleground. At AdExchanger’s Industry Preview last week, speaker and NYU Stern School of Business professor Anindya Ghose said in his presentation on advanced AI that 'past winners acted on the known needs of their existing customers, while future winners will identify the unknown needs of their potential customers.'”
School News

Stern's "Pick Six" essay is highlighted in a story examining the changing trends in MBA Admissions over the last decade

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Excerpt from Forbes -- "Likewise, MBA applications are encouraging more creativity – from NYU Stern’s 'pick six pictures' to MIT’s one-minute video introduction. Admissions teams recognize that there are many ways to share your value proposition, and they want candidates to get to the point and convey something that’s personal, authentic and powerful."
School News

"NYU Stern’s Undergraduate College is spotlighted for its relevance and global mindset in a P&Q feature story on ""10 Undergraduate Business Schools to Watch""; Vice Dean Robert Whitelaw highlights key differentiators including the breadth and flexibility

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Excerpt from Poets & Quants -- "NYU Stern is investing heavily in areas like sustainability. The goal: staying 'relevant' in a rapidly-evolving global business environment that requires resourcefulness as much as digital acumen."
Faculty News

In a video interview, Professor Tom Meyvis comments on online vs. offline retailing and how the trade war with China affects consumers

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Excerpt from Phoenix Satellite TV -- "Shopping could be fun or it could be better advice. You would go to Home Depot and somebody advises you on what to do, or even your local hardware store and they help you out. Those are situations that people are probably still willing to pay extra. Even though online may be cheaper and more convenient, we're still social animals. We still want to hang out with other people and you can't just spend an entire day behind the computer.'"
 
Faculty News

Research on the history of credit rating agencies from Professor Lawrence White is cited

Excerpt from Morningstar -- "But because of their complexity, bonds and credit ratings also have been intertwined for more than a hundred year (link)s, according to this brief history (link) of the industry by Lawrence White, a professor of economics at New York University."
 
Faculty News

Professor Scott Galloway's blog post on the recent Iowa Caucus is published

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Excerpt from Business Insider -- "'Millions of dollars, hours, ads, and corn dogs are concentrated on small states that don't make a big dent in the effort to organize and activate the national voter base,' says Professor Galloway."
Faculty News

Professor Paul Hardart weighs in on efforts made by the Academy of Motion Picture Arts and Sciences (AMPAS) to promote diversity and inclusion

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Excerpt from Forbes -- "Paul Hardart, director of New York University’s Director, Entertainment, Media and Technology Program shared that 'if you look at most of the nominees [this year] it’s glaring…to the Academy’s credit, they aggressively tried to put things in place. Doing what they can with what they can control.'"
Faculty News

Professor Thomai Serdari is quoted in a story probing the business case for fashion shows in 2020

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Excerpt from Fashionista -- "It might not currently fit in with his brand, but Panichgul still sees the value in doing a fashion show — as does Thomai Serdari, a strategist in luxury marketing and branding and adjunct professor at NYU's Stern School of Business."
School News

In an op-ed, Ethical Systems Executive Director Alison Taylor explains why 2020 will be the year when corporate activism and global political risk converge

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Excerpt from Quartz -- "Businesses have long pursued global expansion under the shared assumption that foreign investment and free trade inexorably foster democracy and social progress. Expansion in authoritarian countries or conflict areas and even assaults on our environment could be reliably defended, typically on the basis that market growth has a fundamentally positive impact."
Faculty News

In a Q&A interview, Professor Thomas Philippon shares takeaways from his book, "The Great Reversal"

Excerpt from American Enterprise Institute Blog -- "How concentrated is corporate power in America today? How big of a problem is this? According to Thomas Philippon, the answers are “more concentrated than in Europe, and more concentrated than any other time in recent American history,” and, more simply, 'yes, it’s a big problem.' Last week on Political Economy, Thomas and I delved into this argument, outlined in his recently released book, The Great Reversal: How America Gave Up on Free Markets."
Faculty News

Professor and Dean Emeritus Peter Henry explains that by educating citizens, the Bank of Jamaica is creating a shift in the political equilibrium

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Excerpt from Central Banking -- "While the songs and campaigns have been effective in educating the public on the importance of low and stable inflation, Peter Henry, dean emeritus of New York University’s Leonard N Stern School of Business, believes the central bank has 'done something much deeper.'"
School News

Discussion highlights from the Fubon Center for Technology, Business and Innovation's "Digital Leaders Series" fireside chat with Professor Arun Sundararajan and Airbnb co-founder Nathan Blecharczyk are spotlighted

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Excerpt from Business Insider -- "In a fireside chat with professor Arun Sundararajan at New York University Stern School of Business on Tuesday night, Blecharczyk said Airbnb has started to change the way it sets goals to factor in its effect on the world."