Faculty News

Prof. Robert Salomon on the risks of doing business internationally

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Excerpt from The Washington Post -- "'Even for the most successful multinationals, profit margins in international markets are on average lower than margins in the domestic market,' said Robert Salomon, a professor of international management at the NYU Stern School of Business. 'It’s the liability of foreign markets. By virtue of the fact that you are foreign, you are at a disadvantage.'"
 
Faculty News

Prof. David Yermack on disagreements within family-run corporations

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Excerpt from The New York Post -- "David Yermack, a New York University business professor who specializes in corporate governance, said family feuds in boardrooms don’t readily resolve themselves. 'You need stability in the founding family or the company is likely to face all kinds of disruption,' he said. 'It often hurts productivity in that management gets caught in the middle after implicitly being asked to choose sides.'"
Faculty News

Prof. Nicholas Economides discusses the likelihood of a Greek bankruptcy

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Excerpt from Bloomberg -- "The problem is that the Europeans, at the time that they had a chance to make a deal with the previous coalition government... When they had the chance, they didn't really do it... and then the extreme left gets elected and now it's very hard to make a deal. Greece has a good chance of going to bankruptcy, to actually not able to pay its loans in the near future, the next few weeks."
School News

The Center for Business and Human Rights's research to map garment factories in Bangladesh is covered

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Excerpt from Quartz -- "Meanwhile, one small team of researchers at NYU’s Stern Center for Business and Human Rights has made it their mission to put all of Bangladesh’s garment factories on a single map. 'You can’t do anything to fix something,' Nayantara Banerjee, a Stern graduate fellow and the project’s manager, told Quartz, 'if you can’t find it.'"
Student Club Events

ABS Annual Conference - Global Footprints of Asian Companies

ABS Conference 2015
Stern's Asian Business Society (ABS) will host the club's annual conference on Friday April 24. Themed, "Global footprints of Asian Companies," the conference will feature directors from growing global Asian companies who will share their experiences of expansion into Western markets.
Business and Policy Leader Events

4-School Conference 2015

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The 4-School Conference brings together faculty, students, and researchers from Stern, Columbia, Yale and Wharton.
Research Center Events

NYU Stern Volatility Institute Hosts 7th Annual Conference on Fixed Income Risk

Volatility Institute Conference 2015
The Seventh Annual NYU Stern Volatility Institute Conference brought together academics, practitioners and regulators to discuss the latest research and ideas on "Fixed Income Risk: Measurement, Modeling and Management."
Faculty News

Research Scholar Sarah Labowitz on factory conditions in Bangladesh

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Excerpt from The Washington Post -- "Although the government has registered only about 3,400 factories, Sarah Labowitz, director of the Center for Business and Human Rights at New York University, has estimated that there are closer to 6,000 -- many of them smaller buildings that subcontract with the larger companies when big orders come in. 'It’s really about the invisible factories,' Labowitz says. 'There’s a network of thousands of factories that don’t maintain direct relationships with buyers. Nobody knows how many there are.'"
Faculty News

In an op-ed, NYU Global Research Prof. Ian Bremmer discusses migration challenges in Europe

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Excerpt from TIME -- "Even for those migrants who safely reach European shores, their troubles are far from over. The EU requires that asylum petitions be processed by the country in which migrants first arrive. As a result, southern countries such as Malta, Italy and Greece have found themselves overwhelmed by the sheer numbers of incoming migrants, while richer northern countries receive relatively few."
Faculty News

Prof. Richard Sylla on the Nasdaq's 15-year record high

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Excerpt from NPR -- "'I myself have been selling stocks and raising cash, because I think I might be able to buy a lot of these stocks at lower prices, say 6 months or a year from now,' says Richard Sylla, a financial markets professor at NYU's Stern School of Business. And that means he knows about all kinds of esoteric-sounding yardsticks for measuring the stock market. On some metrics, like the 'Shiller CAPE ratio,' he says, 'our markets as a whole, they are as high as any time except 1929, 1999 and 2007.'"
Faculty News

Prof. Jason Greenberg discusses the crowdfunding of medical expenses

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Excerpt from MarketWatch -- "Crowdfunding for medical costs isn’t a new phenomenon per se. Communities have long rallied around people in need, whether that’s a house of worship taking up a collection for a grieving member or a school holding a fundraiser for a sick student. Indeed, helping 'has always been network-based,' said Jason Greenberg, assistant professor of management at NYU Stern School of Business. Before the Internet, it was just done on a much smaller scale."
Faculty News

Prof. Kim Schoenholtz's blog post on negative interest rates is cited

Excerpt from Bloomberg -- "Cecchetti and co-author Kermit Schoenholtz, of New York University’s Stern School of Business, suggest a 'cash reserve account' that would keep people from having to pay for things by sending cash in armored trucks. During the day, funds in the account would be payable just like money in a checking account. But every night they’d be swept into cash held in a vault, sparing the money from the negative interest rate that would apply to money in an ordinary checking account."
Faculty News

Prof. Robert Engle on the case against accused "flash crash" trader Navinder Singh Sarao

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Excerpt from Reuters -- "'This will raise concerns about the stability of financial markets,' said Robert Engle, finance professor at New York University's Stern School of Business. 'That this trader could put the markets in a tailspin with actions that are hard to detect is bad news.'"
Faculty News

In an op-ed, Prof. Nicholas Economides urges Greece to negotiate with creditors rather than face bankruptcy

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Excerpt from Fortune -- "Within two to four weeks, Greece will not be able to pay salaries, pensions and loan obligations to the International Monetary Fund and other lenders. The clock is ticking and time is running out. Greece must grasp the only lifeline left and negotiate with creditors now to save itself."
Faculty News

Prof. Edward Altman's Z-Score measure is highlighted

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Excerpt from CNBC -- "To figure out which big oil stocks screen as being a default risk, we used the Altman Z-Scores Plus website, founded by a former student of the Z-Score creator, New York University finance professor Edward Altman. Altman is known for his corporate distress prediction models. An Altman Z-Score of below 1.81 is considered a red flag."
Faculty News

In an op-ed, NYU Global Research Prof. Ian Bremmer argues that a US-Iran nuclear deal is likely

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Excerpt from TIME -- "The international community favors an Iran deal, and the American public is wary of undertaking military actions that could lead to another Middle East war."
Faculty News

Prof. Joel Hasbrouck on the case against accused "flash crash" trader Navinder Singh Sarao

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Excerpt from Marketplace -- "They're always difficult cases to make, because, as with the Dodd-Frank law, it's going to turn on intent - putting out a better offer that you don't intend to execute - and in any legal situation, intent is difficult to establish."
Faculty News

Prof. Arun Sundararajan's research on the economic impact of the sharing economy is featured

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Excerpt from Financial Times -- "Although the research was designed to develop an economic model to predict the effect of peer-to-peer lending, it has highlighted clear benefits for society as well. 'It [peer-to-peer lending] has got a democratising effect on access to nice stuff,' says Prof Sundararajan. 'You are democratising access to a higher standard of living.'"
Research Center Events

Stern's Urbanization Project Hosts a Conversation with Sergio Fajardo, Governor of Antioquia

Sergio Fajardo
As a part of the Conversations on Urbanization series held by NYU Stern’s Urbanization Project, Paul Romer, Director of the Urbanization Project and Professor of Economics spoke in a public presentation with Sergio Fajardo, Governor of Antioquia and former Mayor of Medellín.
Business and Policy Leader Events

NYU President John Sexton Delivers the 2015 Ashok C. Sani Distinguished Scholar-in-Residence Lecture

Sani Lecture 2015
John Sexton, president of New York University, delivered the 2015 Ashok C. Sani Distinguished Scholar-in-Residence Lecture to a packed auditorium of undergraduate students, alumni and guests from the family of alumnus Ashok C. Sani (BS ’74).
Faculty News

Profs. Steven Blader and Claudine Gartenberg's research on data-driven management is highlighted

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Excerpt from Quartz -- "In a new study of a trucking company in the midst of adopting Toyota’s famous lean principles (which emphasize respect, humility, and collective outcomes over individual ones) researchers from NYU and Columbia found that putting up a leaderboard comparing individual performance had vastly different effects, depending on whether or not an individual site had undergone the new cultural training."
Faculty News

Prof. Nicholas Economides discusses a possible merger between Comcast and Time Warner

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Excerpt from HuffPost Live -- "[The potential merger] gets closer to a monopoly, but keep in mind that these companies are in different local areas, so they're not typically competing head-to-head. On the other hand, they all participate in the market of buying movies and video to show and there they will have much more power to squeeze the studios to give them lower prices. So that's a major issue, I think, for the Department of Justice."
Faculty News

In an op-ed, NYU Global Research Prof. Ian Bremmer outlines opportunities for economic growth in Cuba

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Excerpt from TIME -- "Just 110 miles off the coast of Florida, Cuba should be a natural magnet for American travelers. Despite needing to meet special criteria to receive a visa from the State Department—allowable categories include educational and journalistic activities—170,000 Americans visited the country last year. As the restrictions slacken, the sky is literally the limit."
Faculty News

Prof. Deepak Hegde is profiled

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Excerpt from Poets & Quants -- "'Focusing on the questions that you want to ask students, that really helped me become a better teacher,' Hegde says. He also learned how important it was for a professor to listen to students, and focus on what they were taking away from class content, to be sure they had the necessary understanding, and to adjust the content to maximize learning, he says. And finally, Hegde says, it’s important for B-school instructors to avoid teaching the answers to questions and problems. 'Students are both more likely to enjoy learning and to enjoy lessons by discovering it themselves.'"
Faculty News

Prof. Pankaj Ghemawat's book, "Redefining Global Strategy," is cited

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Excerpt from Forbes -- "Prof. Pankaj Ghemawat, (Redefining Global Strategy, 2007), a leading expert on globalization, outlines three generic strategies to create value..."