Faculty News

Professor Belen Villalonga discusses the growing interest in studying family businesses

Crain's New York logo
Excerpt from Crain's New York -- "'There is a growing consciousness that family businesses are different and should be studied separately,' said Belen Villalonga, who teaches family business management at NYU’s Stern School of Business."
Faculty News

Professor Joe Magee's research on leadership is featured

Boston Globe logo
Excerpt from The Boston Globe -- "Joe Magee... found that when subjects role-played President Kennedy in the Cuban Missile Crisis, those who exhibited the most desire to control or impress others for their own benefit were also the most likely to escalate the conflict, and the least likely to deliberate."
Faculty News

Professor Robert Salomon shares his views on AT&T's planned acquisition of Time Warner

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Excerpt from The New York Times -- "By buying Time Warner — one of the most prestigious producers of television and film today, with brands including HBO, CNN and Warner Bros. — AT&T will suddenly become Comcast’s closest true rival. 'AT&T is trying to keep up with the Joneses,' said Robert Salomon, a professor at the New York University Stern School of Business."
Faculty News

Professor Dolly Chugh's joint research on implicit bias is featured

U.S. News and World Report logo
Excerpt from US News & World Report -- "For the 2015 study 'What Happens Before? A Field Experiment Exploring How Pay and Representation Differentially Shape Bias on the Pathway Into Organizations,' lead author Katherine Milkman of the University of Pennsylvania, along with Modupe Akinola of Columbia University and Dolly Chugh of New York University, contacted more than 6,500 professors from 89 disciplines and 259 institutions with an email that differed only by the signature of the sender. In the email, a prospective doctoral candidate requests a 10-minute meeting with a professor to inquire about research opportunities."
Faculty News

Professor Scott Galloway comments on the potential merger of AT&T and Time Warner

Bloomberg logo
Excerpt from Bloomberg -- "I think of this sort of as the Millennial merger. That is, what do Millennials want? They want content that is so outstanding that it doesn't need to be supported by advertising that they can consume it in a nonlinear fashion. And the distribution is simple: It's on a mobile device. And this merger would bring those two together. I actually like this a lot. I think these two companies together would be a juggernaut."
Faculty News

Professor Jonathan Haidt's book, "The Righteous Mind," is referenced

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Excerpt from The New York Times -- "'Moral communities are fragile things, hard to build and easy to destroy,' Jonathan Haidt writes in his book 'The Righteous Mind.' 'When we think about very large communities such as nations, the challenge is extraordinary and the threat of moral entropy is intense.'"
Faculty News

Professor Kim Schoenholtz's blog post on peer-to-peer lending is highlighted

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Excerpt from TechCrunch -- "An article by Stephen Cecchetti and Kermit Schoenholtz analyzes the relationship between credit card default rates and unemployment rates. As expected, the article suggests a strong dependency — default rates are expected to increase by 0.55 percent for each 1 percent growth in unemployment."
Faculty News

In an in-depth Q&A, Professor Jonathan Haidt shares insights from his work on moral psychology

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Excerpt from Pacific Standard -- "I study morality, I identify as a social psychologist. But because I focus on a topic from multiple perspectives, I find that some of the best things I’ve read have been by historians, economists, anthropologists, and philosophers, especially those philosophers who have been reading empirical literature. I think of myself as a social scientist, almost as much as I think of myself as a social psychologist."
Faculty News

In an in-depth interview, Professor Baruch Lev discusses his book, "The End of Accounting"

CFO Magazine logo
Excerpt from CFO -- "'What we are saying is that current financial reports don’t provide a clear guide with respect to the future. And that’s what we set out to change,' says Lev, referring to the book he wrote with Feng Gu, a professor of law and accounting at the University of Buffalo."
Faculty News

Professor Arun Sundararajan responds to Tesla’s recent announcement on self-driving cars

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Excerpt from USA Today -- "'Until we figure out all the edge cases and train the cars to deal with them, this regulatory path will be slow,' he said. 'Sure, federal regulations will set standards for the brain of the car, but each city, state and local government can dictate what is on its roads. And cultural acceptance comes not just from the experience of the person driving, but the experience of the others on the road. We have to get comfortable not just with being in these cars, but having them around us, on our streets, near our schools.'"
Faculty News

Professor Arun Sundararajan shares his views on what Tesla's recent self-driving feature news could mean

Wall Street Journal logo
Excerpt from The Wall Street Journal -- "'Any smart car manufacturer sees that as a possibility and is also thinking about their own on-demand, autonomous transportation network,' said Arun Sundararajan, a professor at New York University who has written about the sharing economy. 'In the early stages, allowing your cars onto someone else’s network reduces your ability to use your service.'"
Faculty News

Professor Samuel Craig weighs in on Netflix's and Amazon’s advantages into consumer data

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Excerpt from Marketplace -- "Samuel Craig, director of NYU Stern’s Entertainment, Media and Technology program said online content producers have a big leg up when it comes to building and keeping audiences. 'Netflix’s advantage and Amazon’s advantage is that they’ve got lots of consumer data that give them insight into what people want to see,' he said."
Research Center Events

Stern's Center for Real Estate Finance Research Hosts Fifth Annual Fall Symposium

Stijn Van Nieuwerburgh
The NYU Stern Center for Real Estate Finance Research hosted its Fifth Annual Fall Symposium on October 19.
Faculty News

Professor Xavier Gabaix's joint research on the stock market is featured

MarketWatch logo
Excerpt from MarketWatch -- "The authors devised a formula that predicts the frequency of large crashes in the stock market over long periods of time. They found that their formula had a remarkably accurate track record not only in the U.S. stock market, but also in foreign stock markets as well. That, in turn, led them to conclude that crashes are an inherent feature of the equity markets."
Faculty News

Professor Gavin Kilduff is interviewed about his research on dominance as it relates to the presidential election

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Excerpt from The Globe and Mail -- "The form of dominance we were looking at is more about confidence and assertiveness,' [Kilduff] said. 'You can intimidate your way to the top in a small group, but I’m not sure how relevant that is to explaining the popularity of a public figure."
Faculty News

In an in-depth interview, Professor Anindya Ghose shares insights from his research on mobile marketing in China, targeted advertising, the future role of big data and his forthcoming book on the mobile economy

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Excerpt from CKGSB Knowledge -- "One of the things we found is that mobile coupons actually have the highest redemptions from the highest income group. ... This is very interesting because mobile marketing has often received some flak that it's not very profitable because it only attracts the lower income customers, but what we are seeing is that the highest income customers have the highest redemption probability."
Faculty News

Professor Jeffrey Wurgler comments on the value of index funds relative to the stock market

Wall Street Journal logo
Excerpt from The Wall Street Journal -- "Another conundrum: Stocks in the index become overvalued relative to those outside it. Jeffrey Wurgler, a finance professor at New York University’s Stern School of Business, has seen signs of this by comparing similar stocks that are or aren’t included in a basket."
Press Releases

Companies’ Efforts to Build Strong Relations with Stakeholders Can Prevent Crises and Lessen Their Financial Impact

Sinziana Dorobantu
New research by NYU Stern Professor Sinziana Dorobantu and co-authors, Wharton School Professor Witold Henisz and Moore School Professor Lite Nartey, reveals that stakeholders’ perceptions of an organization are critical in understanding whether a negative news event escalates into a bigger crisis by sparking a broader social movement against the organization. 
Research Center Events

Chade-Meng Tan Discusses Mindfulness with the Stern Community at Leadership Development Speaker Series

Chade-­Meng Tan
Chade-­Meng Tan (Meng), a Google pioneer, award­-winning engineer, international bestselling author and philanthropist spoke to the NYU Stern community as part of the School’s Leadership Development Speaker Series.
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 -- "Self-awareness is a key characteristic of being a leader, and NYU Stern’s Leadership Development Program aims to support those MBA students who are keen to deepen their self-understanding in their endeavor to have a positive impact."
Faculty News

Professor Viral Acharya's research on banking in Europe is referenced

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Excerpt from the Associated Press -- "'Creditworthy firms in industries with a prevalence of zombie firms suffered significantly from credit misallocation, which slowed down the economic recovery,' wrote the four economists: Viral Acharya at New York University's Stern School of Business, Tim Eisert from Erasmus University Rotterdam, Christian Eufinger at IESE Business School in Barcelona and Christian Hirsch at the Goethe University in Frankfurt."
School News

Professor Stijn Van Nieuwerburgh Is Awarded the 2015 Bernácer Prize

Stijn Van Nieuwerburgh
Professor Stijn Van Nieuwerburgh has been awarded the 2015 Bernácer Prize, which is given annually to a European economist under the age of 40 who has made outstanding contributions in the fields of macroeconomics and finance.
Faculty News

In a feature interview, Dean Peter Henry cites how the School has deepened and diversified through faculty recruitment, and its priority of providing scholarships for high-achieving, low-income students

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Excerpt from the Financial Times -- "[Henry] is adamant that financial services companies need to engage with the longer-term issues that preoccupy economists — such as income inequality — rather than just the more pressing matters that managers tend to focus on. In keeping with this mantra, NYU Stern is focusing fundraising on creating full scholarships for high-achieving, low-income students — the aim is to offer 200, up from 34 now. 'New buildings are wonderful, but we prefer to invest our resources in human capital.'"
Faculty News

Research Scholar Shlomo Angel shares insights on managing urban expansion

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Excerpt from Quartz -- "'[Cities] can’t contain expansion. Expansion is growing in leaps and bounds,' says Angel, who heads an NYU initiative that advises cities on how to make sprawl as 'vibrant, inclusive, and affordable' as possible. This rules out, for example, simply drawing an urban boundary to limit sprawl; places like Seoul and Portland, Oregon, have tried that and house prices have gone through the roof, making the cities unaffordable for many."
 
Faculty News

In an in-depth interview, Professor Arun Sundararajan shares how he believes the sharing economy might be regulated in the future

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Excerpt from Bloomberg View -- "It's really a situation where we have to think about how do we change the laws in a way that accommodates this activity because a lot of people want to host on Airbnb. A lot of guests want Airbnb. So society wants this service. What I think will happen in the long run is a couple of things: One is that we will in fact change the laws around that prevent people from renting for less than 30 days and so on. But I think we're also going to delegate a lot of responsibility to parties other than the government."