Faculty News

Professor Arun Sundararajan comments on Uber competitor Juno's equity opportunities for its drivers

The New York Times Logo
Excerpt from The New York Times -- "Broad equity employee ownership is exceedingly rare within the sharing economy, according to Arun Sundararajan, a professor at the New York University Stern School of Business who studies the sharing economy. ... Mr. Sundararajan sees Juno’s equity offer as a message of inclusiveness to its drivers. It’s a way of saying, 'You are one of us. You’re a part of us,' he says."
Faculty News

Research Scholar Sarah Labowitz discusses the role of phone calls from laborers in battling human rights abuses

Reuters logo
Excerpt from Reuters -- "'Calls from workers is a good system to have, but it is not a substitute for audits and checks,' [Labowitz] said. 'You need both to tackle the issues in the supply chain.'"
Research Center Events

Scholars Convene to Look at Challenges Facing Emerging Market Multinationals

Conference on Emerging Market Multinationals
The Conference on Emerging Market Multinationals organized by NYU Stern’s Center for the Globalization of Education and Management brought together leading scholars to discuss the challenges faced by firms from emerging economies when they expand abroad.
Business and Policy Leader Events

Nate Berkus, Interior Designer and Author, Joins MBAs for Langone Speaker Series

Nate Berkus
Nate Berkus, Interior Designer and Author, joined Dean of Students Conor Grennan, MBA students and alumni for a 2016-2017 Langone Speaker Series event.
Research Center Events

NYU Stern hosts 2nd Annual Business Analytics Symposium: Competing in the Connected Economy: Applications & Implications

MSBA Symposium
Faculty and alumni from NYU Stern’s Master of Science in Business Analytics (MSBA) program, as well as practitioners, gathered for the School’s Second Annual Business Analytics Symposium to share insights into current issues in the field. The event’s theme was "Competing in the Connected Economy."
Faculty News

Professor Alixandra Barasch provides perspective on how Instagram influences the way companies do business

MEL logo
Excerpt from MEL -- "'Awareness is going to be positive [for businesses], but there could be other unintended consequences,' [Barasch] says. 'I just suggest that they also think about the downsides that come when you know you’re at the top of the ski slope and you’re thinking about how to get that photo.'"
Faculty News

Professor Paul Romer's research on macroeconomics is featured

Bloomberg View logo
Excerpt from Bloomberg View -- "What will happen to macroeconomics? Critics such as Romer have become more numerous and vocal, and the old guard is increasingly on the defensive. Consumers of research could do their part by demanding work built on more realistic assumptions, developed in keeping with normal scientific standards and having more practical relevance. If research funding agencies and central banks stopped supporting the creation of models filled with unrealistic assumptions -- what Romer calls post-real economics -- the discipline could begin healing itself."
Faculty News

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

The Washington Post logo
Excerpt from The Washington Post -- "These dynamics have reminded me of Jonathan Haidt’s seminal book, 'The Righteous Mind.' Haidt, a social psychologist, used exhaustive evidence to explain that our political preferences are not the product of careful analytic reasoning. Instead, they spring from a combination of moral intuition (instinct) and a tribal affiliation with people who we believe share these instincts. We use reason, facts and analysis to affirm our gut decisions."
Faculty News

Professor Rebecca Schaumberg emphasizes the importance of giving feedback to employees

Institute of Chartered Accountants of Scotland (ICAS) logo
Excerpt from Institute of Chartered Accountants of Scotland (ICAS) -- "They’re more satisfied if they get more feedback, but feedback is hard to deliver because feedback can be seen as controlling. We often talk about constructive feedback, but delivering feedback is really difficult because it has to have this sweet spot of providing information without controlling their behaviour - you want to maintain their sense of autonomy."
Faculty News

Professor Melissa Schilling is interviewed about the role universities play in innovation

Reuters logo
Excerpt from Reuters -- "What I've observed is that the big hurdle for students, at least at a business school, is not ideas. A lot of people have exciting, interesting, great ideas. The hurdle is that most people don't know how to take that idea and start up a company. ... And so, it's often not money that we need to give people to help them and it's almost never ideas. It's the other resources: how do we help you turn your idea into a reality and bring it to market? And that's something that you can do in lots of really interesting classes."
School News

Research on systemic risk by Stern's Volatility Institute is referenced

Bloomberg logo
Excerpt from Bloomberg -- "Market-based measures support the view that Deutsche Bank is heavily intertwined with the rest of the global financial system. According to a systemic risk (SRISK) gauge first designed by the Volatility Institute at New York University's Stern School of Business, the bank would face a capital shortfall of 87.4 billion euros if it were still to fulfill capitalization requirements in the event of a financial crisis — which they define as a 40 percent semi-annualized fall in global stock markets."
Faculty News

Professor Roy Smith identifies similarities between China's credit boom and Japan's asset price bubble collapse

Bloomberg logo
Excerpt from Bloomberg -- "'I am big on the parallels,' said Roy Smith, the New York University academic who as a banker in 1990 anticipated Japan’s decline. Japan’s market crash 'led to a financial crisis that they never recovered from. China probably faces a debt-led financial crisis too, which could have significant consequences,' he said."
Faculty News

Professor Michael Spence is interviewed about monetary policy and political criticism of the Federal Reserve

Bloomberg logo
Excerpt from Bloomberg -- "A serious discussion of what the Central Bank ought to be doing, and conditional on what, is a good thing. But I think piling on in a way that threatens its independence or its integrity or so on is not helpful."
Faculty News

Professor Eli Bartov discusses Peabody Energy's reclassification of its debt

Bloomberg logo
Excerpt from Bloomberg -- "In the Peabody battle, the firms’ methods are on full display. Eli Bartov, an accounting professor at New York University’s Stern School of Business, said he found it unusual for investors to lobby a company for an accounting change. 'Management alone is responsible for accounting,' he said."
Faculty News

Professor David Yermack shares his views on Wells Fargo's decision to rescind CEO John Stumpf's pay

Wall Street Journal logo
Excerpt from The Wall Street Journal -- "David Yermack, a finance professor at New York University, said he wasn’t aware of any prior clawbacks this big in the financial services sector. 'If he is really responsible for this (mess), why is he still in place?' Mr. Yermack said of Mr. Stumpf."
Research Center Events

Stern Center for Global Economy and Business Hosts Ireland Bank Governor Philip Lane

Philip Lane
The NYU Stern Center for Global Economy and Business hosted a public talk with Philip Lane, Governor of the Central Bank of Ireland on September 27, 2016.
School News

Central Bank of Ireland Governor Philip Lane's remarks at an event hosted by the Center for Global Economy and Business are highlighted

The Irish Times logo
Excerpt from The Irish Times -- "Addressing the New York University Stern School of Business on Tuesday, he said: 'Put differently, forceful accommodative monetary policy in the short run is the best method that policy rates do not stay low for longer than is necessary.'"
Faculty News

Professor Thomas Philippon's research on the financial services industry is spotlighted

Bloomberg View logo
Excerpt from Bloomberg View -- "Asset management is a second area that will probably be squeezed by the double fists of technology and regulation. As Philippon has shown, asset management, along with real estate, is one of the two sectors responsible for most of the financial industry’s growth. But that might just make it ripe for compression."
Faculty News

Professor Viral Acharya shares his views on monetary policy and systemic risk

Minneapolis Star-Tribune logo
Excerpt from the Minneapolis Star-Tribune - "Responding to Hanson’s idea that the government should issue more short-term debt to discourage that activity, Viral Acharya, an economist at New York University, said he feels uncomfortable with the government getting involved in buying and selling debt to 'crowd out' non-banks. 'It’s better to get at financial stability directly, in my view, rather than mixing fiscal policy with it,' Acharya said."
Faculty News

Professor Nicholas Economides evaluates a new FCC proposal giving consumers control of set-top TV boxes

Bloomberg logo
Excerpt from Bloomberg -- "Unless cable companies offer 'very aggressive' competitive moves such as slashing prices, 'the introduction of new set-top boxes will accelerate the movement away from cable and toward direct downloads,' Economides said."
Faculty News

In a letter to the editor, Professor Vasant Dhar points out the potential value of big data from driverless cars in determining fault in accidents

Wall Street Journal logo
Excerpt from The Wall Street Journal -- "Consider this: The physics associated with every accident will be recorded in minute detail. Not only will this asset of driverless-car technology be able to establish fault unequivocally and therefore resolve disputes more efficiently and correctly, it will also become a critical tool for coaching purposes and improving driving practices."
School News

MBA student Marc Weiner is interviewed about his experience at Stern and offers advice for prospective applicants

MBAInsight logo
Excerpt from MBAInsight -- "I chose business school to make a career switch and, in the process, take my career to the next level. Additionally, I wanted to develop the type of network that would allow me to make friends while also potentially help me down the road when I had graduated. Finally, there were some technical aspects that I was missing in my undergraduate education, which I needed to understand to succeed in consulting."

 
Faculty News

Professor Roy Smith discusses Hillary Clinton's association with Goldman Sachs

The New York Times Logo
Excerpt from The New York Times -- "'Wall Street now conjures up images of corruption, and if you are a person from Wall Street, you have to overcome that,' said Roy C. Smith, a former Goldman Sachs partner who teaches finance at New York University. 'One of the big rubs against Hillary now is that she was paid by Goldman to give speeches at Goldman.'"
 
Faculty News

Professor Aswath Damodaran comments on Lyft's share of the ridesharing market

OZY logo
Excerpt from OZY -- "Lyft commands a sizeable share of the market — about 25 percent, according to Aswath Damodaran, a finance professor at NYU’s Stern School of Business."
Faculty News

Professor Scott Galloway weighs in on Yahoo's data breach

AFP logo
Excerpt from AFP -- "Although the public has become habituated to news about data breaches, this news may erode confidence in the online ecosystem, according to Galloway. 'The hacks are more damaging to the ecosystem than individual companies,' he said. 'Ms. Mayer's obscene compensation and the hack give people the sense the game is rigged and that they can trust no platform.'"