Faculty News

Prof. Thomas Cooley on the Greek economy

Excerpt from Bloomberg -- "While 'the contemplated restructuring isn’t likely to be sufficient to make Greece a viable, going economic concern in the future,' the decision not to trigger credit-default swaps may also be a form of 'collateral damage' from the nation’s default, said Thomas Cooley, an economics professor at New York University." Additional coverage appeared in AdvisorOne.
Faculty News

Prof. Michael Moses's co-created Mei Moses Fine Art Index is featured

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Excerpt from Forbes -- "In a year in which the S&P 500 returned nothing and earnings growth began to decelerate, the 'art market' as measured by the Mei Moses All Art Index enjoyed an 11 percent gain in 2011."
Faculty News

Prof. Viral Acharya's research on private equity-owned companies is highlighted

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Excerpt from The New York Times Dealbook blog -- "One draft study of European companies, by Viral Acharya of New York University and Conor Kehoe of McKinsey & Company, found that about two-thirds of chief executives of private equity-owned companies were replaced in the first four years of ownership."
Faculty News

Prof. Alexander Tuzhilin is cited for serving on the Overstock.com RecLab Prize review committee

Excerpt from China Weekly News -- "Leading researchers Eugene Agichtein of Emory University, Oliver Downs of Analytical Insights, Inc., and Alexander Tuzhilin of New York University Stern School of Business will join RichRelevance Chief Scientist Darren Vengroff to review all Prize submissions and select the ten semifinalists who will advance to compete for a cash award of up to $1 million." Additional coverage appeared in Professional Services Close-up.
Faculty News

Nobel Laureate Prof. Michael Spence compares today's economic climate to the Gilded Age

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Excerpt from The New York Times -- “In the 200 years from the British Industrial Revolution to World War II there were asymmetries in the world economy, but the entire world wasn’t industrializing and it wasn’t interacting in the same way."
Faculty News

Prof. Lawrence White on Governor Andrew Cuomo's recent State of the State Address

Excerpt from Washington Square News -- "Things like education and infrastructure - improve the roads, improve the airports, educate our kids, get those graduation rates up and encourage more to be going on to higher education — [those are] a legitimate role for the state."
Faculty News

Prof. Joel Hasbrouck's research on high frequency trading is highlighted

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Excerpt from Livemint -- "Joel Hasbrouck of New York University and Gideon Saar of Cornell University, after studying NASDAQ’s trading data in 2007-08, came to the conclusion that low-latency trading improves traditional market quality measures such as short-term volatility, spreads and displayed depth in the limit order book."
Faculty News

Prof. Amir Malin is pictured in an article remembering Bingham Ray

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Excerpt from Los Angeles Times -- Photo: Bingham Ray, left, with fellow October Films co-managing executives John Schmidt and Amir Malin in 1996.
Faculty News

Prof. Arun Sundararajan says CIOs must use social media to increase their presence in the boardroom

Excerpt from Information Week -- "CIOs must definitely not sit on the sidelines, but instead use social media to increase their presence in the executive conversation."
Faculty News

Prof. Stephen Brown's research on hedge fund diversification is cited

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Excerpt from Financial News -- "Research produced by Stephen Brown, professor of finance at New York’s Stern School of Business, adds that investors should not try to protect themselves by diversification."
Faculty News

Prof. Thomas Philippon on the banking industry's share of GDP

Excerpt from El Cronista Comercial -- "Thomas Philippon, a professor at the Stern School at New York University, estimates that the sector's share of U.S. GDP increased from about 3% in 1950 to over 8% in 2010 (Spanish to English translation)."
Faculty News

NYU Stern faculty authors of "Guaranteed to Fail" are referenced

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Excerpt from USA Today -- "The NYU team says Fannie's and Freddie's federal subsidies should be phased out, turning mortgage finance gradually over to the private sector, even though it will mean more mortgage rates will resemble those for jumbo loans, usually about half a percentage point more."
School News

The 20th Annual Stern Women in Business Conference on February 3rd is highlighted

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Excerpt from Crain's New York Business -- "NYU Stern School of Business presents the 20th Annual Stern Women in Business Conference. This year's conference, 'Leading With Purpose, Making an Impact,' will give attendees insight into the values and motivations that inspired women across various industries to become successful leaders."
Faculty News

Writing by Research Scholar Robert Frank on why we compare ourselves with others is referenced

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Excerpt from The Chronicle of Higher Education -- "We compare ourselves with relevant others (the economist Robert Frank has written several books about this over the years). We compare ourselves today with ourselves yesterday."
Faculty News

Prof. Baruch Lev's book, "Winning Investors Over," is highlighted

Excerpt from The Economist -- "In his excellent new book 'Winning Investors Over,' Baruch Lev of New York University’s Stern School of Business writes that in this new world 'the lonely CEO now often faces a ‘team of rivals’, sometimes adversaries.'"
Faculty News

Nobel Laureate Prof. Michael Spence on the speed of global economic growth

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Excerpt from The Australian -- "(Developing) economies are now the main engine of global growth. The advanced economies face slow growth, high unemployment, fiscal distress and a lengthy period of unwinding high levels of debt."
Faculty News

Prof. Nouriel Roubini's participation in the World Economic Forum at Davos is highlighted

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Excerpt from The Guardian -- "R is for Roubini Back in 2007, Nouriel Roubini was one of the few economists to see the global crash coming. Dr Doom, as he has come to be known will set the tone on Wednesday in a session called The Seeds of Dystopia. Not one for the faint-hearted." Additional coverage appeared in Bloomberg and Financial Times.
Faculty News

Prof. Jonathan Haidt on the divide between US liberals and conservatives

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Excerpt from Toronto Star -- “Liberals think if you’re opposed to having the government protect people you want to leave individuals on their own. But conservatives favour a minimal role for government in mid-level institutions. Government needs to be the referee, but it shouldn’t be a partner in your economic affairs.”
Faculty News

Prof. Edward Altman on Carl Icahn's practice of distressed investing

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Excerpt from The Wall Street Journal -- " ... the field has expanded in the world of distressed investing ... but Icahn has practiced it longer and more successfully than most."
Faculty News

Prof. Robert Salomon on Kodak filing for bankruptcy

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Excerpt from Xinhua -- "As film began its path to obsolescence, Kodak missed the opportunity on several occasions to jump into the digital world. It first underestimated the impact that digital would have on its business and then it ignored what it might mean for its business."
Faculty News

An interview with Prof. Nouriel Roubini on his economic outlook

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Excerpt from The Globe and Mail -- "Without economic growth, the debt is not sustainable. It becomes a vicious circle. Markets force you into austerity, which makes the recession worse, which deepens the fiscal deficit, requiring more austerity."
Faculty News

Prof. Robert Gordon on Mitt Romney's potential tax benefit from carried interest

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Excerpt from The Wall Street Journal blog -- “It’s hard to say with certainty. But if he is or was a general partner in deals, it’s safe to say he has benefitted from carried interest."
School News

NYU Stern will participate in the QS World MBA Tour in February

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Excerpt from Clear Admit -- "Participating schools include Columbia Business School, the University of Toronto’s Rotman School of Management, IE, NYU’s Stern School of Business, Georgetown’s McDonough School of Business, the University of Michigan’s Ross School of Business, Cornell’s Johnson School and many more."
Faculty News

Prof. Robert Salomon on Kodak's recent bankruptcy filing

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Excerpt from CNC World -- "Unfortunately, when the digital revolution occurred, film became something that increasingly became obsolete. And as film began its path to obsolescence, Kodak missed the opportunity on several occasions to jump into the digital world."