Faculty News
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Prof. Anindya Ghose on Sierra Wireless's stock performance

Excerpt from Bloomberg -- "It’s unlikely competitors will elbow out smaller manufacturers like Sierra Wireless, said Anindya Ghose, a professor at New York University who studies how the trend will affect businesses. Instead, smaller companies could become acquisition targets for technology giants looking to build out their presence in connected devices, Ghose said in an interview from New Delhi, declining to comment on whether Sierra would be a target."
Faculty News
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Prof. Aswath Damodaran's research on the value at risk model (VAR) is cited

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Excerpt from The Economist -- "Banks are also reporting losses on the Swiss franc trade and this must raise further questions about their risk modelling. The classic approach is the value at risk model (VAR) which NYU Stern explains is used most often by commercial and investment banks to capture the potential loss in value of their traded portfolios from adverse market movements over a specified period."
Faculty News
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Prof. Joseph Foudy on China's economic growth

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Excerpt from CNC World -- "So it's really time for China to sort of think about what is the quality of growth. And I think anything in the 5 to 7 percent range is actually quite healthy as long as the economy is reforming, moving to a consumption-based economy and moving to an innovation-based economy. So I think it's good news."
School News
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Executive MBA student Zach Blank is profiled

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Excerpt from The New York Times -- "Mr. Blank, 31, is the vice president of Paragon Sporting Goods, a quintessential store for New York athletes — especially when it comes to winter sports like skiing, snowboarding and ice skating. The six-floor family business, on East 18th Street and Broadway in Manhattan, was founded in 1908 by Mr. Blank’s great-grandfather, Phil Blank, an émigré from Ukraine, and his father, Bruce, is the president and chief executive. Mr. Blank is studying for an M.B.A. at New York University’s Stern School of Business."
Faculty News
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Prof. Deepak Hedge's research on patent disclosure is featured

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Excerpt from Science Codex -- "Researchers found that since 2000, most inventors when given the choice opted to disclose information about their patents before patent approval - even small inventors - and this disclosure correlates with more valuable patents."
Faculty News
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In an op-ed, Research Scholar Robert Frank argues in favor of a consumption tax

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Excerpt from Vox -- "The tax rate would start out low and would then rise steadily as taxable consumption rises. Under the current income tax, rates can't rise too high without choking off savings and investment. But higher marginal tax rates on consumption actually encourage savings and investment."
Press Releases
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New Research Debunks Popular Perception that Entrepreneurs and Inventors Prefer to Keep Patent Know-How Secret

Deepak Hegde
In a new study, Professor Deepak Hegde of the NYU Stern School of Business and Stuart Graham of Georgia Institute of Technology discredit the conventional wisdom that public disclosure by inventors of their proprietary knowledge when their patents are pending is costly for them because it alerts rivals and facilitates imitation by others.
Faculty News
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Prof. Edward Altman's Z-Score measure is featured

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Excerpt from USA Today -- "An easy-to-use financial measure, invented decades ago by New York University Stern School of business professor Edward Altman, was designed to be an early warning signal of companies in major trouble. Professional investors swear by the Altman Z-Score and the number has proved prescient, yet again."
Faculty News
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Professor Deepak Hegde's research on patent disclosure is featured

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Excerpt from Science Daily -- "Common wisdom and prior economic research suggest that an inventor filing a patent would want to keep the technical know-how secret as long as possible. But a new study of nearly 2 million patents in the United States shows that inventors are not as concerned with secrecy as previously thought. Researchers found that since 2000, most inventors when given the choice opted to disclose information about their patents before patent approval -- even small inventors -- and this disclosure correlates with more valuable patents."
Faculty News
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Prof. Justin Kruger's research on self-assessment is featured

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Excerpt from The Atlantic -- "In their paper, 'Unskilled and Unaware of It: How Difficulties in Recognizing One's Own Incompetence Lead to Inflated Self-Assessments,' professors Justin Kruger and David Dunning write that, 'People tend to hold an overly favorable view of their abilities in many social and intellectual domains.'"
Faculty News
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Prof. Paul Romer and Research Scholar Brandon Fuller's research on urbanization is cited

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Excerpt from Forbes -- "...Prudential Investment Management recently issued a report arguing that urbanization across the globe is in its 'prime time.' The report cites a projection from New York University professors Paul Romer and Brandon Fuller that cities worldwide will gain more than 60 million people annually over the next three decades."
Faculty News
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NYU Global Research Prof. Ian Bremmer is interviewed about geopolitical challenges for the coming year

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Excerpt from Yahoo! Finance -- "'Two of the world’s largest economies' -- the United States and China-- 'actually look very stable,' Bremmer notes. 'And yet neither of those countries want to do an awful lot to actually fix geopolitical concerns that don’t affect them very much.'"
School News
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Profs David Backus and Glenn Okun's course on coding for business is highlighted

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Excerpt from LinkedIn -- "If you build it, they will come. Or so Professors David Backus and Glenn Okun learned when they organized Data Bootcamp, a non-credit elective course designed for students who want to learn Python, a popular programming language, in order to analyze economic, financial and business data most effectively. The course, offered every other Friday during the fall semester, developed when a group of MBA students approached the professors, identifying a need to understand code for business applications."
Faculty News
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Prof. Jonathan Haidt's book, "The Righteous Mind," is cited

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Excerpt from The Guardian -- "The American political psychologist Jonathan Haidt regards voters as 'deeply intuitive creatures whose gut feelings drive out strategic reasoning'. They no longer look just to their wallets. They seek comfort in identity, personality, above all security for themselves and their families."
Faculty News
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Prof. Anindya Ghose on the future of Flipkart

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Excerpt from Economic Times -- "'What they (Flipkart) need to focus on now is building an installed base of loyal users who will find the platform sticky enough and not go to competitors like Snapdeal or Amazon at the drop of a hat,' said Anindya Ghose, professor of IT and marketing at New York University's Leonard Stern School of Business."
Faculty News
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Prof. Nouriel Roubini's comments on oil prices are highlighted

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Excerpt from Fortune -- "If you keep prices low for long enough, you get rid of those who are high marginal-cost producers, whether it’s shale gas and oil, or Russia, or Venezuela, you name it. Secondly, you commit to your fixed investment schedule and continue to increase capacity. That’s going to lead to everybody else to underinvest in increasing capacity. In the short term, you have lower oil prices, but in the medium term you’ve flushed out your competition … you take the pain for the next 12 to 18 months, but the result is higher prices and market share down the road."
Faculty News
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Prof. Kim Schoenholtz's blog post on the European Central Bank's 16th birthday is featured

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Excerpt from The Huffington Post -- "...as we wish the ECB a happy birthday, we compliment the Frankfurt policymakers on their extraordinary achievements and applaud their willingness to change. We also hope they can recruit member governments to help solve the daunting problems the euro area faces."
Faculty News
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Prof. Johannes Stroebel's research on the connection between housing prices and retail prices is cited

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Excerpt from CityLab -- "It's one of those things that everybody already knows (or thinks they already know): Things cost more in more expensive neighborhoods. But arriving at proof without relying on assumptions is not so easy. The paper, coauthored by Johannes Stroebel at New York University and Joseph Vavra at the University of Chicago, demonstrates 'direct causal evidence on the response of household shopping behavior and retail price-setting to changes in wealth and demand.'"
Faculty News
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Prof. Michael Spence's op-ed on economic growth is highlighted

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Excerpt from Haaretz -- "In a recent article Michael Spence, a Nobel Prize-winning economist who studied the issue of competition between states, identified five reasons for slow growth since the 2008 global financial crisis, as follows."
Faculty News
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Prof. Anindya Ghose on online retailers Cloudtail and WS Retail

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Excerpt from Economic Times -- "'The big benefit (of having one dominant seller) is that it enables them to fund discounts and dictate pricing policies in a very clever way,' said Anindya Ghose, professor of IT and marketing at New York University's Leonard Stern School of Business. 'They (WS Retail and Cloudtail) can suggest the discount amounts to the sellers and in fact compensate the sellers for the actual discounts given, either directly (via debit notes) or indirectly (by waiving listing fees or commissions).'"
Faculty News
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Prof. David Yermack's research on corporate governance is cited

Excerpt from Bloomberg -- "Over the past few years, though, activism has gotten easier, and the list of targets has grown. Unlike pension funds and most mutual funds, hedge funds are able, as New York University finance professor David Yermack described it in a 2010 paper, to 'concentrate assets in a few target companies' and 'build large voting positions by using leverage and empty voting strategies such as stock borrowing and equity swaps.'"
Faculty News
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In an op-ed, Prof. Michelle Greenwald discusses innovative products and services that launched in 2014

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Excerpt from Forbes -- "At the end of each semester, I ask my business school students to share what they think are the best new products or services of the year. Given how international, digitally savvy, and current the students are, it’s a great way for us all to learn about standout innovations. Here are 11 of my favorites across a range of industries, and why I believe they’re a win for both consumers and the idea originators."
Faculty News
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Prof. Kim Schoenholtz's blog post on the European Central Bank's 16th birthday is featured

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Excerpt from Napi Gazdaság -- "...as we wish the ECB a happy birthday, we compliment the Frankfurt policymakers on their extraordinary achievements and applaud their willingness to change. We also hope they can recruit member governments to help solve the daunting problems the euro area faces."
Faculty News
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Prof. Robert Whitelaw on Meredith Whitney's hedge fund

Excerpt from Bloomberg -- "Robert Whitelaw, chairman of the finance department at New York University’s Stern School of Business, said a successful fund needs more than an interesting investment thesis. 'What’s a thesis? A thesis is a story,' he said. 'The first thing is you may have the story wrong, and the second thing is, even if you have the story right, a lot of it is about timing.'"
Faculty News
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Prof. Aswath Damodaran on the Apple Watch

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Excerpt from CNBC -- "'The market's not big enough,' said NYU Stern Professor Aswath Damodaran. He specializes in valuations and doesn't see the Watch having a significant impact on the $660 billion company."