Faculty News

Professor Amy Webb's keynote at the American Booksellers Association Winter Institute is featured

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Excerpt from Publishers Weekly -- "But as booksellers consider new models, keynoter Amy Webb (The Signals Are Talking: Why Today’s Fringe Is Tomorrow’s Mainstream), founder of the Future Today Institute, advised them to take into account technology and an automated future. 'I’m pro–independent bookstores,' Webb said. 'But I’m also a pragmatist. While I know you’re doing well today, my concern is that things change, and I am not entirely convinced that you’re prepared for the next 10 years or for the next 20 years.'"
Faculty News

Professor Thomaï Serdari is quoted in a trend story about transparency in the luxury beauty industry

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Excerpt from Women's Wear Daily -- "'It challenges other brands that are charging a lot of money for magic potions based on secret ingredients but it would take a radical transformation of society to assume that only transparent brands will sell,’ said Serdari. ‘People’s motives in buying beauty products is deeply rooted in [the] psychological, rather than only physical, insecurities. These insecurities are healed as much by the product sold as by the type of escapism the brand offers.'"
Faculty News

Professor Alixandra Barasch is interviewed about her research on how taking photos for social media sharing impacts one’s enjoyment of experiences

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Excerpt from Big Think -- "My general takeaway for marketers and businesses is to try not to make the sharing goal salient for people right when they walk into an experience. You see more and more hashtags on walls of establishments and the menus of restaurants. Move that activation process to when customers are finished or when they’re leaving or finishing their meal or when they’ve already made their purchase, because that allows people to be more in the moment."
Faculty News

Professor Menachem Brenner's development of the volatility index is featured

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Excerpt from the London Review of Books -- "In the mid-1980s, the economists Menachem Brenner and Dan Galai began to lobby the US options exchanges to create a ‘volatility index’, based on options prices, that would measure stock-market volatility in a way loosely analogous to – albeit mathematically far more sophisticated than – how the Dow Jones average or the Standard & Poor 500 Index summarises the market’s overall level."
Faculty News

Professor Richard Sylla's co-authored book, "A History of Interest Rates," is mentioned

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Excerpt from Bloomberg View -- "Paul Schmelzing, a doctoral candidate in history at Harvard University, recently published a Bank of England working paper that sought to remedy this dearth of information. He began with the work of Sidney Homer and Richard Sylla, whose monumental tome 'A History of Interest Rates' contains a wealth of data going back centuries."
School News

Beth Briggs, Assistant Dean of Career Services, is interviewed about MBA career trends ​in finance​

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Excerpt from TopMBA -- "'Because of our exceptional finance faculty, NYU Stern continues to work closely with many investment banking partners and to attract students who are focused on roles in the industry,' adds Briggs. 'We have seen a consistently strong level of interest over the past five years, with growing concentrations of students leveraging this finance foundation to move into roles in the technology sector.'"
School News

Undergraduate student Alex Grieco, representing Stern as a "campus correspondent" for the semester, is profiled

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Excerpt from Poets & Quants -- "I studied at NYU’s campus in Florence, Italy (which is located on a hilltop overlooking downtown Florence) for my sophomore Fall semester. I got to learn Italian, eat with local Florentine families, and teach English to young Italians, all while taking some business coursework such as Intro to Marketing and Organizational Communications."
Faculty News

Professor Aswath Damodaran's research on corporate taxation is referenced

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Excerpt from U.S. News & World Report -- "The recently passed corporate tax cut from 35 to 21 percent is likely to help telecom companies more than most. The effective aggregate tax rate for telecom services companies is 34 percent, according to a recent analysis from Aswath Damodaran, professor of finance at NYU Stern."
Faculty News

Professor Jeffrey Wurgler's joint research on dividends and investing is referenced

Excerpt from InvestorPlace -- "'The Effect of Dividends on Consumption' a Brookings Paper on Economics by Baker, Nagel and Wurgler expounds on this topic: 'consumption indeed responds much more strongly to returns in the form of dividends than to returns in the form of capital gains.'"
Faculty News

Professor Arun Sundararajan discusses the need for a social safety net for the growing independent workforce

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Excerpt from NPR -- "But adapting a new safety net for the new workforce will take time, says Arun Sundararajan, a management professor at New York University. And he says the transition could be messy. 'Full-time employment didn't sort of come packaged with all of these wonderful things that we now associate with it; it was built sort of painstakingly over 100 years,' Sundararajan says."
Faculty News

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

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Excerpt from The New York Times -- "As the social psychologist Jonathan Haidt concluded in his 2012 book, 'The Righteous Mind,' if we have 'affection, admiration, or desire to please' other people, we lean toward them and attempt to 'find the truth' in their arguments. Social proximity matters."
Faculty News

Professor Michael North shares how firms can avoid age discrimination in hiring practices

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Excerpt from SHRM Magazine -- "'[Ageism] sneaks up on us,' North says. 'We really don’t think about age and aging until later in life. But we need to examine the issue and recognize the value that comes with age and experience.'"
Faculty News

Professor Anindya Ghose explains why he believes Uber should continue to do business in India

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Excerpt from Quartz -- "'Well, it is true that Softbank has tremendous clout given its investments. Traditionally, Softbank has supported local players over Uber in these markets,' Anindya Ghose, the Heinz Riehl professor of business at New York University (NYU), told Quartz. 'But to me, it does not seem like a great decision for Uber to move out of India. First, India continues to be a very important market and Uber’s performance in India has been stronger than ever of late.'"
Faculty News

Professor Seth Freeman is quoted in a feature story about how personality types impact a person's negotiation style

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Excerpt from Fast Company -- "According to Seth Freeman, a conflict and negotiation expert and a professor at NYU Stern School of Business, ultimately– no matter what type of personality you have, there are three important things that are critical to any successful negotiation: credibility, preparation, and listening. 'The perception is that negotiators are born and not made. People think that it’s about negotiating quickly on your feet. That’s not real negotiation. Really good negotiation is boring to watch, [because] lot of it is dependent on preparation.'"
Faculty News

Professor Adam Alter discusses Apple CEO Tim Cook's comments on children's social media use, drawing from his book, "Irresistible"

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Excerpt from CNBC -- "...Children especially don't have the resources, the capacity, to control themselves in the same way that adults do. Having said that, adults spend four hours a day on screens and that is growing every year. That has grown from three hours two years ago. So I think it is a concern for adults as well, but especially for children who need to be guided by adults."
 
Faculty News

Professor Arun Sundararajan is interviewed about the changing future of employment

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Excerpt from NPR -- "'Twenty years from now, I don't think a typical college graduate is going to expect that full-time employment is their path to building a career,' Sundararajan says. He says that will ultimately lead to many other changes, from education to social structures and public services."
Faculty News

Professor David Yermack is interviewed about Stern's strength in fintech and the growing student interest in his course on the subject

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Excerpt from the Financial Times -- "NYU Stern, [Yermack] says, was in the right place to develop expertise — close to a culture of fintech entrepreneurship around Union Square and, what he calls, the 'legacy banks' of Wall Street that were looking for qualified staff for their new blockchain applications. His course was a gamble: three years ago it started with 30 students; this year 100 are enrolled. Next year, between 200 and 300 will take it."
Faculty News

In an op-ed, Professor Michelle Greenwald discusses how the availability of consumer data and channels has influenced brand marketing

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Excerpt from Forbes -- "Among the most difficult, strategic and important tasks for marketers is deciding the optimal number of target personas and the criteria for defining them because it majorly affects brand positioning, and budget and talent resource allocations."
 
Faculty News

Professor Constantine Yannelis is interviewed about the impact of the government shutdown on the economy

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Excerpt from The Washington Post -- "'States can really do nothing to change the fact that federal employees aren’t receiving paychecks, and that will certainly be the biggest impact on the economy,' said Constantine Yannelis, a finance professor at New York University."
School News

Joint research from the NYU Pollack Center for Law & Business is featured

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Excerpt from NJ Today -- "The report, SEC Enforcement Activity: Public Companies and Subsidiaries, Fiscal Year 2017 Update, analyzes data from the Securities Enforcement Empirical Database (SEED)."
Faculty News

Professor Anindya Ghose explains how e-commerce firms in India can gain a competitive edge

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Excerpt from the Economic Times -- "'It will be important for Indian ecommerce retailers to implement a mobile shopping experience which uses local payment methods, local shipping and returns, and a localised checkout which calculates duties and taxes,' says Anindya Ghose, a professor at New York University's Stern School of Business."
Faculty News

Professor Stijn Van Nieuwerburgh is interviewed about the impact Amazon's new headquarters will have on the surrounding real estate

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Excerpt from CNNMoney -- "'If you are in a larger house and ready to downsize or move, this will be a pure gain for you,' said Stijn Van Nieuwerburgh, professor of finance and director of the Center for Real Estate Finance Research at New York University Stern School of Business."
Faculty News

Professor Gary Simon is quoted in a story on accurate predictions “The Simpsons” made about the future

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Excerpt from Mic -- "'The example … is that The Simpsons had something that looked much like an Apple Watch,' Gary Simon, a retired professor of statistics at New York University Stern School of Business, said in a Skype call. 'Well, you know, a communications device on the wrist goes back to Dick Tracy, and the features on the Apple Watch are not going to match exactly the features that The Simpsons would have had on the watch. You have to decide whether that’s an effective prediction or not,' Simon said."
Faculty News

Professor Robert Engle identifies potential future causes of volatility in financial markets

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Excerpt from Bloomberg -- “One of the most obvious events would be an indictment of the president. I’ve asked my friends, though, and they don’t seem to think it’ll be a very volatile moment. Maybe that’s consistent with the idea that volatility, or lack thereof, comes from Washington. I think more about geopolitical events: deterioration of conditions in the Middle East or North Korea. What really scares me the most is a cyberthreat. That countries could get into our computer system. That could produce a lot of volatility and damage our system.”
 
Faculty News

Professor Thomas Philippon's work on corporate investments is referenced

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Excerpt from the Financial Times -- "Two economists, Germán Gutiérrez and Thomas Philippon, have argued that corporate America is underinvesting. One reason is that companies are impatiently funnelling cash to investors and executives rather than take a long-term view."