Faculty News

Professor Sabrina Howell is interviewed about the impact of private equity investment in public prisons

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Excerpt from the The Nation -- "Under this arrangement, what’s good for the company and the government might not be good for consumers. These misaligned incentives played a role in distorting the for-profit education market. 'If anything,' she said, 'in prisons the potential for misaligned incentives is much more extreme.'"
Faculty News

Professor Jason Greenberg's research on the success of solo vs. team-led startups is spotlighted

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Excerpt from Inc. -- "Why are companies with single founders more likely to survive? The results suggest one explanation. Revenues at companies with multiple founders are lower than those at companies with a single founder."
Faculty News

In a live interview, Professor Vasant Dhar discusses how automation is impacting the workforce

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Excerpt from Fox Nation -- "I think what [employers] will try and do is change the nature of what people do -- to have them add value in some other way. ... I think stirring a little bit of love in the food is OK sometimes, but other times, it's all right to get it without that human touch."
Research Center Events

8th Annual Spring Symposium 2019

CREFR 8th Annual Spring Symposium poster
On April 30, the NYU Stern Center for Real Estate Finance Research will host its 8th Annual Spring Symposium, entitled "Impact Investing in Opportunity Zones: Real Estate and Beyond."
Faculty News

Professor Arun Sundararajan’s comments on WeWork's Global Impact Report, in which he is quoted, are highlighted

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Excerpt from Curbed -- "'WeWork has created the physical-world equivalent of a digital platform, generating value by imprinting design onto physical space, which leads to network effects at both the individual and institutional levels,' according to Dr. Arun Sundararajan, professor of business at NYU and author of The Sharing Economy, who is quoted in the report."
Faculty News

In a contributed article, Professor Anika Sharma highlights the value of Pinterest for brands

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Excerpt from Ad Age India -- "For brands that are still not sure, here’s what you are missing out on: close to 60% of millennials are discovering products on Pinterest on a regular basis. Pinteresters are people with a mission, with 90% of weekly uses looking at the channel to help them make purchase decisions. These are not just ‘life moment’ shoppers, but ‘everyday’ shoppers. Which means that if your brand is not in the mix, you will soon be booted out of the weekly grocery list!"
Faculty News

Professor Priya Raghubir discusses the difference between Mastercard and Visa credit cards

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Excerpt from WalletHub -- "I dont believe there is very much. But, for me, personally, I much prefer Visa cards. The Mastercards that I have are through Citibank, and I am unsure whether it is something to do with Mastercard, or something to do with the Citibank tie-up, but they are a lot more inconvenient to use, than, for example, the Visa card I have through Capital One. There does not seem to be a system for an automatic cash-back, for one, and, for the other, there seem to be maximums on the amount of cash-back you get per year. They also charge foreign transaction fees that my Capital One Visa does not."
School News

Lia Winograd, MBA student and co-founder of Pepper, is featured as part of the Poets & Quants 2019 "Best & Brightest MBAs" list and shares how her grandfather served as a role model for her career as an entrepreneur

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Excerpt from Forbes -- "'I believe that most of the best entrepreneurs out there have to be immigrants like my grandfather,' Winograd explains. 'When you have nothing and you step into a new country, your instinct for survival forces you to be creative and identify market gaps to find a place for yourself.'"
Faculty News

Professor Jamyn Edis discusses how AT&T's acquisition of HBO will impact the company

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Excerpt from Financial Times -- "Some current and former HBO executives described a 'country club' culture at the network. 'You had lifers who didn’t have any incentive to rock the boat. HBO was a high-margin cash cow business for Time Warner,' says Mr Edis, who is now a professor of new media at NYU’s school of business."
Faculty News

Professor Jason Greenberg is interviewed about his new joint research on the success of solo vs. team-led startups

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Excerpt from The Wall Street Journal -- "'The more cooks you put into the kitchen, the more likely there is to be disagreement about what ingredients you should use and so forth,' Dr. Greenberg says."
School News

Dorothée Baumann-Pauly, research director at the Center for Business and Human Rights, is quoted in an article on the evolution of the business model and working conditions in the garment industry

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Excerpt from Quartz -- "'There are a lot of admirable CSR activities including auditing and capacity building and training, even training for improved industrial relations,” she says. Even so, it’s 'business as usual,' she points out, 'plus specific activities that then try to compensate for what business models are causing.'"
School News

MBA student Lia Winograd is featured in the Poets & Quants 2019 "Best & Brightest MBAs" list

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Excerpt from Poets & Quants -- "As she scales Pepper after graduation, Winograd believes she learned something critical by being – in the words of one faculty member – 'strategic, focused, and committed' as an MBA student. ... 'by focusing on what matters—by being selective, at times painfully so, about the initiatives I want to take on and social events I want to attend—I’ve found my path as an entrepreneur.'"
Faculty News

Professor Allen Adamson shares insights on the corporate cultures at IBM and Microsoft

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Excerpt from TheStreet -- "'You can change your strategy, your advertising, the money you put into research, but the hardest part is to teach old dogs new tricks,' said Allen Adamson, founder of Metaforce and professor at NYU Stern School of Business."
Faculty News

Professor Edward Altman's financial model to measure the creditworthiness of small and medium sized firms is featured

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Excerpt from Bloomberg -- "Together with Gabriele Sabato, previously head of risk appetite decisioning at Royal Bank of Scotland Group Plc, Altman founded London-based Wiserfunding Ltd. to calculate the 12-month default probability for businesses with less than 150 million euros ($168 million) of revenue. Their methods cover 19 European countries and have correctly forecast whether a company would default or stay solvent in about 90 percent of cases, Altman said in a phone interview."
School News

Undergraduate student Drew Enyedi and Gallatin student Parker Reposa are interviewed about their company, Grounded Upcycling

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Excerpt from Sustainable Brands -- "The idea for the company emerged out a social entrepreneurship course at NYU’s Stern School of Business, where students were asked to develop potential solutions to the problem of organic waste. Undergrads Parker Reposa and Drew Enyedi wanted to create a business that would use food waste as a key input and quickly discovered the potential of coffee grounds — which in recent years have begun being used to make everything from apparel and biofuel to cups and 3D-printing filament."
Faculty News

Professor Richard Sylla is quoted in an article on Milton Friedman's views on capitalism in the US

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Excerpt from Axios -- "Some Friedman acolytes came to regret core views, since the pursuit of self-interest sometimes led companies, such as Enron, 'to do things that were not in the interest of shareholders,' said Richard Sylla, a professor emeritus at New York University."
Faculty News

In a live interview, Professor Lawrence White discusses the recent GDP growth

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Excerpt from Yahoo Finance -- "Markets are always trying to anticipate what's going to happen and they may well be looking a couple of months, a couple of quarters, down the road. There's, I think, a good case to be made [that] this has been due to a number of one-off things. For example, recovering from the government shutdown that was at the end of the last quarter. There's some one-off international trade things. Look, I would love for this strong growth and low inflation and low unemployment all to persist, but I wouldn't want to bet the farm."
Faculty News

Professor Anindya Ghose shares how Amazon's move to one-day shipping will impact consumers' shopping habits

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Excerpt from Marketplace -- "Look, if you reduce it [shipping time] from two days to one day, you are going to more than double the volume [of Amazon purchases]."
Faculty News

Professor Robert Engle's remarks at the Volatility Institute's 11th annual conference are highlighted

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Excerpt from Forbes -- "To illustrate important themes of the 11th Annual Volatility Institute Conference, 'Financial Volatility in an Age of Geopolitical Risks,' Nobel Laureate Robert F. Engle shared stimulating and often humorous food for thought. 'We are drowning in information but starving for knowledge' John Naisbitt 'At the end of the day, every politician is human, but what about the rest of the day?' Stephen Colbert 'A fool and his money are soon elected.' Will Rogers"
Faculty News

Professor Arun Sundararajan is quoted in an article on former Uber CEO Travis Kalanick's potential earnings from the company's IPO

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Excerpt from CBS News -- "More unusual is for a deposed founder to see such outsized gains in an IPO involving a company he or she no longer runs, said Arun Sundararajan, a professor at New York University's Stern School of Business. 'I can't recall a time when the single biggest beneficiary of an IPO is no longer involved when they go public,' he said."
Research Center Events

11th Annual Volatility Institute Conference

Professor Robert Engle and Xin Zhou
On April 26, the NYU Stern Volatility Institute hosted its 11th annual conference entitled, "Financial Volatility in an Age of Geopolitical Risks."
Research Center Events

Conference on Household Finance

NYU flags outside of the Henry Kaufman Management Center
The NYU Stern Salomon Center for the Study of Financial Institutions and the Bank Policy Institute will host the Conference on Household Finance on Friday, April 26.
Faculty News

Professor Tensie Whelan's comments at the 2019 Women & Worth Summit are featured

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Excerpt from Worth -- "'The biggest challenge that I'm thinking about right now is how to tackle the negative impacts of our current phase of capitalism, which is focused on shareholder primacy and short term-ism and managing to stock price and the negative societal impacts that type of capitalism has on labor force.'"
Faculty News

Professor Scott Galloway discusses Facebook's potential fines by the FTC

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Excerpt from The New York Times -- "Scott Galloway, a marketing professor at N.Y.U. and my co-host on the podcast Pivot, calls it the 'algebra of deterrence,' by which he means a price and a punishment that makes certain you will not do a bad thing again. Five billion dollars is not that price. 'Put another zero on it and then we can start talking,' said Mr. Galloway this week."
Faculty News

Professor Alixandra Barasch shares how looking at a video right after an event may alter children's memories

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Excerpt from The New York Times -- "Looking at the video, she said, is 'definitely shifting the perspective to details about the way she looked, and also other details — maybe someone else’s reaction to her.' Not only could the change in perspective increase self-presentation anxiety but, 'according to research, it could also dampen emotional aspects of the experience,' Dr. Barasch said."