Faculty News

Professor Adam Alter shares insights on how hobbies and passions are developed

Car and Driver logo
Excerpt from Car and Driver -- "'It's easy to believe that we spend time doing what we're passionate about, but my sense is that we become passionate about the things that we happen to spend time doing (the reverse of the standard causal path). For whatever reason, you were exposed to cars where Mark Zuckerberg was exposed to computers."
Faculty News

Professor John Horton's research on Uber drivers is referenced

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Excerpt from The New York Times -- "And so it is with ride-share drivers today. Another study, by a New York University professor and two Uber employees, found the same dynamic: Higher prices increased driver incomes, but only for a few weeks."
Faculty News

Professor Aswath Damodaran shares his views on the impact of the trade war on the stock market

CNBC logo
Excerpt from CNBC -- "'The market is pricing in an extended trade war, which means if you’re buying these stocks, you’re not buying them for the near term, you’re buying them for the long term,' he said. 'Now, [it depends on] how much of a strong stomach you have, but that’s what I’d look at.'"
School News

Jorji Gardiner (BS '20) is interviewed about her work as a model and influencer

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Excerpt from Fashionista -- "Gardiner's large following stems from modeling, which she's been doing since her senior year of high school while living in Los Angeles. About two years ago, she hit 10K followers and started to reach out to brands (via DM) to possibly work together. 'A lot didn't reply, obviously, but I got a few responses where they would send me product in exchange for a post,' recalls Gardiner. (Pro tip: She created a media kit for herself to send to brands, too.)"
Business and Policy Leader Events

Global Antitrust Economics Conference

Kaufman Management Center
On Friday, May 31, Concurrences Review in collaboration with NYU Stern School of Business will host the The Global Antitrust Economics Conference.
Faculty News

Professor Arun Sundararajan's book, "The Sharing Economy," is referenced

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Excerpt from Sierra Magazine -- "In his book The Sharing Economy, New York University business professor Arun Sundararajan writes, 'Today’s digital technologies seem to be taking us back to familiar behaviors, self-employment, and forms of community-based exchange.'"
Faculty News

Professor Michael Posner offers insights on socially responsible investing

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Excerpt from MarketWatch -- "'If you’re dealing with companies that you know have serious human-rights problems, you have an affirmative obligation to confront those problems, and evaluate what the companies do. And if the company simply says its too hard or it’s too expensive, you ought to make a decision to divest it, or put them on notice,' said Posner, conceding that efforts to assess and measure human rights remained in their infancy."
Faculty News

In an op-ed, Professor Suraj Patel arguest against the Democratic Congressional Campaign Committee's policy against doing business with consultants who have worked with candidates running against democratic incumbents

Excerpt from the New York Daily News -- "It’s yet another example of incumbents limiting voters’ choices and Washington dictating preferences to New Yorkers. Incumbents already win 98% of the time — they don’t need more help from Washington. And silencing dissent and attacking activists isn’t a recipe for growing an effective party."
Faculty News

Professor Lawrence White comments on Morningstar's acquisition of DBRS

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Excerpt from Financial Times -- "Mr White added that Morningstar’s brand recognition in mutual funds has so far failed to carry over into credit ratings. 'The Morningstar imprimatur turned out not to be that important. What is important is the record of Moody’s, S&P and Fitch,' he said."
Faculty News

Professor David Yermack is quoted in an article on common myths about blockchain

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Excerpt from Techopedia -- "'Private individuals respond to incentives for keeping the data honest. My worry is governments who have other non-economic objectives immune to financial incentives,' David Yermack, Professor of Finance at the Stern Business School in New York University, surmised."
Faculty News

Professor Vicki Morwitz is quoted in a feature story on how consumers can avoid hidden fees

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Excerpt from Consumer Reports -- "'Once people have spent time searching a price, they are less likely to start over when they see the fees,' says Vicki Morwitz, a professor of marketing at the New York University Stern School of Business. 'They often mistakenly assume competitors will have the same fees,' she says."
Research Center Events

Executive Education Short Course: Advanced Retail Strategy

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The goal of the Advanced Retail Strategy program is to provide retail professionals with the tools and strategies to navigate the shifting industry standards with confidence.
Faculty News

In a joint blog post, Professors Theresa Kuchler and Johannes Stroebel share their research findings on how social networks influence home-buying decisions

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Excerpt from LSE Business Review -- "More generally, our results highlight that individuals’ investment decisions are not made in a social vacuum. What we hear from our friends affects how attractive we perceive an asset to be, even if the experience of those friends arguably does not contain a lot of information that is relevant for the true valuation of the asset. This runs counter to the assumptions in many of our models meant to study the economy. On the flip side, this evidence might help us understand how the passing-on of optimism about the valuation of certain assets might lead to price bubbles in both the housing market and in the stock market."
Faculty News

Professor Priya Raghubir explains how businesses use pricing reference points to increase customers' spending

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Excerpt from Business Insider -- "'[Reference points] are used on price tags, these are used in advertising, this is used inside retail stores on signage — all of which are ways to try and get you to anchor on a particular price, so it is against that price that you would then evaluate the current offering,' Priya Raghubir, a marketing professor at New York University's Stern School of Business, told Business Insider."
Faculty News

Professor Scott Galloway's prediction that Tesla will be acquired is featured

Business Insider logo
Excerpt from Business Insider -- "'I think investors are finally getting fed up,' he said on a Recode podcast with Kara Swisher published on Friday. 'My prediction is within 12 months Tesla is sub $100 per share and it probably gets acquired because there's real value there.'"
School News

Recent MBA graduate Devna Shukla (MBA '19) shares why she chose to attend Stern and offers advice to prospective MBA applicants

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Excerpt for AACSB blog -- "For Devna, the secret to a successful MBA application is to be authentic. 'As long as you come in with a clear sense of what you want, you will be successful,' she says. 'Business school is a big investment for sure, so the best thing you can do is go somewhere you are comfortable and you feel you can shine.'"
School News

Incoming Chair of NYU Stern’s Board of Overseers and Alumnus Andre Koo Celebrates Students in the Andre Koo Technology and Entrepreneurship MBA Program

Andre J.L. Koo
On May 20, alumnus Andre J.L. Koo (MBA ’94), Chairman of Chailease Group and recently named Chair of NYU Stern’s Board of Overseers (effective July 1, 2019), celebrated both the inaugural Andre Koo Technology and Entrepreneurship MBA students from the graduating Class of 2019 with a dinner, as well as the program’s incoming Class of 2020 MBA students with a welcome reception.
School News

Research from the Center for Business and Human Rights on the apparel industry in Ethiopia is cited

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Excerpt for Apparel Resources -- "Remember the report released by New York University’s Stern Center for Business and Human Rights in May this year which underlined how factories in Ethiopia are making clothes for top global brands by paying their workers far less than counterparts in other low-paying countries."
School News

In a Q&A interview, Isser Gallogly, Associate Dean of MBA Admissions and Program Innovation, shares advice for prospective MBA applicants and highlights new programs

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Excerpt from Clear Admit -- “It’s been an exciting time here at Stern. In May, the inaugural cohorts from our two new focused one-year full-time MBA programs, the Andre Koo Technology and Entrepreneurship MBA and the Fashion & Luxury MBA, graduated. We welcomed the new cohorts of these one-year programs that same month.”
School News

Paul Barrett, deputy director of the Center for Business and Human Rights, is quoted in an article on Facebook's removal of fake accounts

VICE News logo
Excerpt from VICE -- "'It’d be much more helpful if Facebook would be much more clear of the principles they’re applying,' said Paul Barrett, a New York University law professor who’s studied domestic disinformation campaigns on social media. 'Their methods — whatever they are — of analysis and decision-making are surprisingly opaque.'"
Faculty News

Professor Paul Hardart discusses the growing market for advertisers in online sports streaming

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Excerpt from VEJA -- (translated from Portuguese using Google Translate) "'Major football, NFL and NBA championships have the facility to garner a loyal audience because people do not often dodge their ads. No one wants to watch the Super Bowl the next day,' explains Paul Hardart, a professor at the New York University Stern School of Business."
Faculty News

Professor Edward Altman offers insights on corporate bankruptcy

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Excerpt from The Wall Street Journal -- "'Given the exceptional increase in corporate debt at both the investment- and non-investment-grade ratings levels since just prior to the financial crisis in 2007,' said Edward Altman, a professor emeritus at New York University’s Stern School of Business, 'the impact on corporate defaults and bankruptcy filings could hit record levels coincident with the next economic downturn, possibly in 2020 or 2021.'"
Faculty News

Professor Amy Webb discusses her concerns and insights on emerging technologies

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Excerpt from NBC News -- "'Regulating technology typically doesn’t work, so as you go to the polls and as you elect new leaders, keep this in the back of your mind,' she said. 'It sounds like a good idea but in practice it doesn’t work and what’s best for all of us is we need to take a much more sophisticated approach --guard rails, not regulations.'"
Faculty News

Professor April Klein's joint research on reverse stock splits is spotlighted

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Excerpt from Barron's -- "Researchers from New York University’s Stern School of Business and Emory University found that in 1,600 reverse splits from 1962 to 2001, shares underperformed nonsplit peers by 15.6% in the first year after the split, 36% in the second, and 54% in the third."