Faculty News

Professor Aswath Damodaran comments on Bernstein's views on Discounted Cash Flow (DCF) modeling

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Excerpt from the Financial Times -- "This piece by Bernstein tells me more about how DCF is practiced (or mangled) at Bernstein than it does about DCF itself. As the piece indicates, a Bernstein DCF is a Robo DCF where as the risk free rate changes, nothing else does and not surprisingly the value goes up."
Faculty News

Professor Sinziana Dorobantu comments on Uber's efforts to address its regulatory challenges

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Excerpt from Vice -- "'Uber is a company that placed a very big bet on expanding aggressively within the US and abroad,' Sinziana Dorobantu, an assistant professor at New York University’s Stern School of Business who is researching opposition to Uber worldwide, told me. 'They never took the time to think about regulation very deeply, and there was a lot of backlash against them. Because of the backlash they realize they have to get into the game of lobbying themselves.'"
Faculty News

Professor Nicholas Economides underscores the importance of widespread access to high-speed internet

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Excerpt from ARS Technica -- "'That’s a very serious issue, and a big social problem,' Economides said. 'You need high-speed Internet for national reasons, to get information, to get educated. That’s just not happening. We still have very high prices.'"
Faculty News

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

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Excerpt from Directors & Boards -- "There is no shortage of criticism of the accounting model and the financial information derived from it, and a whole host of proposed remedies: disclosure of nonfinancial variables (key performance indicators, or KPIs); reporting on the impact of firms’ operations on people and the planet, in addition to profits (the 'triple bottom line, or the three Ps'); or reporting on the intellectual capital of companies (intellectual capital reports), to name a few."
Faculty News

Professor Arun Sundararajan reacts to a court ruling awarding unemployment payments to two Uber drivers

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Excerpt from The Washington Post -- "'To me the real implication of this is highlighting the fact that lawmakers have to start recognizing that these categories are increasingly inadequate and something like unemployment benefits shouldn’t be reserved for one kind of work,' said Arun Sundararajan, a professor at New York University's Stern School of Business."
Student Club Events

Tenth Annual Luxury & Retail Conference: Expanding Horizons

Luxury & Retail Conference: Expanding Horizons
On Friday, October 14, the Luxury & Retail Club will hold its tenth annual conference, themed "Expanding Horizons: Navigating New Channels and Thinking in Retail."
Faculty News

Professor Nicholas Economides shares the implications of the Galaxy Note 7 smartphone's malfunctioning for the Samsung brand

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Excerpt from CCTV -- "Something doesn't work, and doesn't work catastrophically, as in this case, people will lose confidence to some extent on the brand of Samsung, even though the other Samsung phones are not affected at all by this problem."
Faculty News

Professor David Yermack's comments on blockchain technology at the Imperial Fintech Conference are highlighted

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Excerpt from CoinDesk -- "Overall, Yermack, who teaches a cryptocurrency course at NYU’s Stern School of Business, offered a much broader vision for the use of blockchain in finance than what the industry is considering, as well as more critical takes on how incumbents are exploring the tech."
Faculty News

Professor Irving Schenkler comments on Wells Fargo CEO John Stumpf’s departure

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Excerpt from CNNMoney -- "'The effect on morale has got to be debilitating,' said Irv Schenkler, a professor at NYU Stern School of Business."
Faculty News

Professor Aswath Damodaran shares his views on Twitter's leadership

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Excerpt from CNBC -- "'Twitter is a poster child for a company in need of adult supervision and I don't believe that [CEO] Jack Dorsey can run one company effectively, let alone two,' said Aswath Damodaran, finance professor at New York University Stern School of Business. Botching up their sale prospects, he says, is further evidence of Dorsey's inefficiencies as a leader."
Faculty News

Professor Robert Engle's research with Stern's Volatility Institute on systemic risk in South African banks is featured

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Excerpt from Moneyweb -- "A monthly analysis by Engle and the Volatility Institute at New York University’s Stern School of Business ranks the systemic risk contribution (SRISK%) of a number of South African banks and financial services companies higher than the riskiest European banks."
Faculty News

Professor Anindya Ghose shares insights on how Samsung can restore trust with its customers

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Excerpt from ABC News -- "Ghose said that to restore trust with consumers, the company would have to recall all of the defective phones (a process it has started), pinpoint the cause of the problem, fully reimburse consumers and convince its business partners 'to give it another shot with the next set of product releases.'"
Research Center Events

Innocence Project Attorney Seema Saifee and Exoneree Darryl Howard Speak to the Stern Community

Seema Saifee and Darryl Howard
NYU Stern’s Business & Society Program welcomed Seema Saifee, staff attorney for the Innocence Project, and Darryl Howard, who was recently exonerated after serving 24 years for a wrongful murder conviction, to speak to an audience of undergraduate Stern students.
Faculty News

Research Scholar Sarah Labowitz underscores the impact of terror attacks and unsafe working conditions on Bangladesh's appeal to businesses

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Excerpt from Reuters -- "'One of the risks for Bangladesh right now is that between the July terror attack, the legacy of Rana Plaza and now this (Tampaco fire), it begins to look like a non-desirable place to do business,' said Sarah Labowitz, co-head of NYU Stern's Center for Business and Human Rights. 'The government and industry really need to step up and respond.'"
Faculty News

Professor Adam Brandenburger is profiled

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Excerpt from mbaMission -- "Students with whom mbaMission spoke reported being consistently impressed by his capacity to make the complex simple in the classroom, stating that Brandenburger is able to take the 'complicated, theoretical and intangible' world of game theory and make it 'easy to understand and practical.'"
Faculty News

Professor Baruch Lev's "Knowledge Effect" research is featured

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Excerpt from Ticker Magazine -- "The Knowledge Effect is grounded in academic literature. It was first discovered in a series of studies in the 1990s, when NYU’s Baruch Lev analyzed 20 years of financial data and discovered an association between a firm’s level of knowledge capital and its subsequent stock performance."
Faculty News

Professor Scott Galloway comments on the omission of Yahoo's security breach from its September 9 SEC filing

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Excerpt from The Washington Post -- "Scott Galloway, a professor at New York University’s Stern School of Business, said Mayer probably relied on her legal counsel to vet the document rather than reviewing it herself. 'However, CEOs are ultimately accountable for what’s in the proxy,' he said, 'if it comes out that their lack of transparency was a function of them not wanting to hamstring the Verizon deal, then they've held material information back from an acquirer.'"
Faculty News

Lord Mervyn King discusses the aftermath of Brexit

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Excerpt from Sky News -- "During the referendum campaign, someone said the real danger of Brexit is you'll end up with higher interest rates, lower house prices and a lower exchange rate, and I thought: dream on. Because that's what we've been trying to achieve for the past three years and now we have a chance of getting it."
Faculty News

Professor Robert Seamans comments on companies' initiatives to expand internet access

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Excerpt from The New York Times -- "Internet service providers 'are trying to go after those folks who are willing to pay less, but not to appeal to those willing to pay more,' said Robert Seamans, an associate professor at New York University’s Stern School of Business and a former economist at the Obama White House."
Faculty News

Professor Thomas Philippon comments on the impact of Nobel Prize winners Oliver Hart and Bengt Holmstrom's research

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Excerpt from The Wall Street Journal -- "Their research suggests CEO performance incentives should be set relative to performance of managers in similar industries, so as not to reward them for events beyond their control that affect all industries. 'That we do not see [this] more in practice is often a failure of governance,' Mr. Philippon said in an interview."
Faculty News

Professor Edward Altman's research in collaboration with Golub Capital is featured

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Excerpt from The Wall Street Journal -- "Mr. Altman, in the report, said the results show earnings growth is slowing across all sectors when compared to last year. 'While the companies in the middle market are profitable, this is the first quarter since we began tracking this data in 2012 that ebitda was essentially flat on a year-over-year basis,' he said."
School News

Associate Dean of MBA Admissions Isser Gallogly is featured in ​The Real Humans of MBA Admissions series

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Excerpt from Clear Admit -- "In our recent chat with Gallogly, '...I have always seen it as more of a calling than a career,' he says. 'You never know how the numbers are going to pan out, but more than that, you just know how important it is to everyone applying,' he adds. 'It is a life-changing experience, applying is a really tough process, and we have an important responsibility to make the best decisions we can for everyone.'"
Faculty News

Professor Arun Sundararajan illustrates how Juno, a competitor to Uber, sets itself apart

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Excerpt from The New Yorker -- "'If I was going to compete with Google, I would compete on privacy,' Arun Sundararajan, a professor at NYU’s business school and the author of the book 'The Sharing Economy,' says. 'I can’t compete with them on search-engine quality, because they’ve got all the best algorithms. So I compete on something that they can’t respond to easily. With Uber, it’s not quite as clear-cut, but if you look at all the different dimensions of their execution the driver relationship is the weakest, and it’s not one that they can easily correct.'"
 
Research Center Events

Executive Education Short Course: Breakthrough Strategic Thinking

Executive Education Short Course: Great Leadership
This course is suitable for leaders of organizations and business professionals who wish to enhance their strategic thinking abilities and gain competitive advantage in dynamic environments.
Faculty News

Professor Nouriel Roubini comments on how Brexit will impact the UK economy

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Excerpt from Bloomberg -- "'The risk is not that the U.K. has a recession of two-three quarters; the risk is that the U.K. will stagnate at 1 percent growth for the next five years,' Roubini said."