Faculty News

Professor Arun Sundararajan is quoted in a story on the future of ridesharing

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Excerpt from The Atlantic -- "[Sundararajan] thinks it’s likely that eventually there will be a few major apps people will use to get around and that will stitch together different modes of transportation, such as cars, trains, scooters, and walking. In this possible future, Sundararajan says kids’-rides companies could prosper as specialized independent businesses, as long as they are compatible with those dominant apps."
Faculty News

Professors Jennifer Carpenter's and Robert Whitelaw's joint research on China's stock market is referenced

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Excerpt from Qrius -- "...according to an academic paper written very recently by Prof. Jennifer N. Carpenter and others at the Stern School of Business at New York University, Chinese stock market function as efficiently as any other equity market in the advanced economies, while playing a crucial role in capital allocation."
Faculty News

Professor Paul Romer explains how the 2008 financial crisis has impacted investor behavior

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Excerpt from Bloomberg -- "'The expectation of another crisis may be part of why we see so much accumulation of liquid assets and so little investment in machines, infrastructure, the things that really raise the quality of life,' he said in an interview Friday in New York. 'You want to hold on to a lot of liquid assets so you don’t get forced to sell them off.'"
Faculty News

Professor Melissa Schilling shares her views on Elon Musk's behavior, drawing from her book on serial breakthrough innovators, "Quirky"

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Excerpt from The CEO Magazine -- "So I would say, on the one hand, I haven’t been very surprised. I have been a little bit sad, mostly because I worry that people’s perception of Musk as a person will get in the way of him getting support for the kind of work he wants to do. Fundamentally, he wants to work on things that help humanity and help the Earth. He is really, really committed to that cause.”
Faculty News

In an op-ed, Professor Lex Zaharoff argues that investors should not react to recent turbulence in the stock market

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Excerpt from SeniorWomenWeb -- "When we hear about economic growth or record corporate earnings, we are being told about past performance. While the past may continue for a time, it won’t indefinitely, and an investment’s current value is based only on future returns."
Research Center Events

NYU Stern MS in Risk Management Roundtable: Industry Spotlight on Nuclear Energy

Speakers and attendees at the MSRM Industry Spotlight on Nuclear Energy
On October 18, NYU Stern’s MS in Risk Management (MSRM) Program hosted a special event offering an in-depth look into the risks associated with nuclear energy.
Faculty News

Professor Lawrence White is quoted in a feature story about the rollback of federal regulations on Prudential Financial and other firms

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Excerpt from The Washington Post -- "'The financial system is complex, and things can go wrong. We need multiple regulatory controls,' said Lawrence White, a business professor at New York University who has studied financial regulation."
Faculty News

Professor Allen Adamson is quoted in a story on why big brands make their items available on Amazon.com

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Excerpt from Cheapism.com -- "Not only does this development eliminate the need to go to the mall, it also does away with the chore of having to inspect nine or 10 stores in search of what you're looking for, says Allen Adamson of NYU Stern School of Business. 'You only have to have one relationship. It's one stop shopping. It's like going to a mall and not going to 20 stores but instead just going to one store.'"
Faculty News

Professor Petra Moser's research on the impact of patent legislation on innovation is referenced

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Excerpt from WirtschaftsWoche -- (translated from German using Google Translate) "Radical representatives of the free market therefore fundamentally question whether patents actually promote innovation rather than inhibiting it - especially if they have long durations. In addition, it is primarily large companies that use patents to protect themselves from (new) competition. As a result, knowledge spreads less quickly. American economic historian Petra Moser has shown in a comparison of historical trade fair catalogs and patent statistics that countries without patent law, such as Switzerland and Denmark, produced proportionally more inventions at the end of the 19th century than states with patent protection."
Faculty News

Professor Aswath Damodaran shares advice for prospective investors in cannabis stocks

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Excerpt from CNBC -- "The New York University Stern School of Business professor told CNBC’s 'Fast Money' on Tuesday that he recommends potential cannabis investors 'stay out for the moment.' From his point of view, no pot stocks have “compelling enough stories” to make them worth buying at such high valuations."
Business and Policy Leader Events

NYU Stern's "In Conversation with Lord Mervyn King" Series Presents Dr. Henry Kissinger

Dr. Henry Kissinger and Lord Mervyn King
On October 16, NYU Stern hosted the latest installment of the "In Conversation with Lord Mervyn King" series featuring Dr. Henry Kissinger, 56th United States secretary of state, former national security advisor and chairman, Kissinger Associates, Inc.
Faculty News

Professor Jonathan Haidt shares how business leaders can encourage collaboration among employees with differing views, referencing his book, "The Coddling of the American Mind"

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Excerpt from Chief Executive -- "...my hope is that just as schools, or, I think, universities have an absolute—even a fiduciary duty to focus on what they’re supposed to do, and not to let politics flood in. I’m hopeful that such a norm will spread through business, as well. It’ll certainly make the lives of leaders a lot easier."
Faculty News

Professor Arun Sundararajan weighs in on local governments’ and the hotel industry’s efforts to regulate Airbnb

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Excerpt from The Washington Post -- "'The real story over the last year or year and a half seems to be the hotel industry waking up to the fact that Airbnb poses a much bigger threat to their business than they originally imagined,' said Arun Sundararajan, a business professor at New York University."
Research Center Events

Executive Education Short Course: Innovation Leadership: Fostering a Culture of Game-Changing Transformation

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This course helps participants develop the mentality needed to become a champion of innovation and inspire an organizational culture that values and encourages new ideas.
Faculty News

Scholar-in-Residence Gary Friedland is quoted on his findings on the EB-5 Immigrant Investor Program, from his joint research with Professor Jeanne Calderon

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Excerpt from The New York Post -- "'The program lacks integrity,' he told The Post. 'We’ve recommended that an independent third-party fund administrator be appointed to oversee the flow of the funds.'"
School News

TRIUM Global Executive MBA alumnus Jeremy Kroll is cited in a feature story about the evolution of the Executive MBA

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Excerpt from Financial Times -- "'Starting TRIUM was a very pragmatic solution,' Kroll says. 'I was mid-career at 36 and it afforded me the opportunity to continue to work while planning my next move.'"
Faculty News

Professor Venky Venkateswaran's joint research on the impact of the financial crisis on risk assessment is featured

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Excerpt from The New York Times -- "In a 2018 paper, Julian Kozlowski of the Federal Reserve Bank of St. Louis, Laura Veldkamp of Columbia University and Venky Venkateswaran of New York University attribute some of the economic pain that occurred after the 2008 financial crisis to a change in beliefs that may still be playing a role 10 years later."
Faculty News

Professor Priya Raghubir explains how West Elm has differentiated itself as a brand with a focus on community

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Excerpt from Vox -- "'The importance of a brand that engages with community is particularly important to the younger demographic that West Elm targets,' she says. 'One of the critical differentiators between West Elm and its competitors is that its position does not rely on price points (like Ikea), or design (like its sibling Williams-Sonoma), or only on customer service, but on engaging with a larger community.'"
Faculty News

Professor Aswath Damodaran weighs in on Alibaba's leadership transition structure and the implications for investors

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Excerpt from Yahoo Finance -- "Damodaran told Yahoo Finance that he doesn’t think the smooth succession is because of Alibaba’s decision to adopt the partnership, 'it’s because they’re doing well. ...Dictatorships work smoothly if everything is going well. It’s only when things start to come apart that you realize the weakness of this process.'"
Student Club Events

NYU Stern's 23rd Annual NYU Stern Graduate Finance Association Conference

Kaufman Management Center
The Graduate Finance Association will host its 23rd annual conference, themed "Looking Ahead: Perspectives on the Evolving Financial Services Industry" on October 12, 2018.
Faculty News

"The Person You Mean to Be," by Professor Dolly Chugh and "The Coddling of the American Mind," co-authored by Professor Jonathan Haidt are highlighted as finalists in the Next Big Idea Club

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Excerpt from Heleo -- "The new season of the Next Big Idea Club is just around the corner, when curators Malcolm Gladwell, Adam Grant, Susan Cain, and Daniel Pink choose the two books that will be read by the club’s thousands of members around the world. Before making the official announcement, the curators are sharing the six finalists under consideration."
 
Faculty News

Professor Paul Romer, winner of the 2018 Nobel Memorial Prize in Economics Sciences, is interviewed about his work on economic growth

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Excerpt from BBC -- "...Ideas are very unique in the sense that when one person discovers an idea, everybody can use it. So the more people you have trying to discover things, the more ideas everybody is going to have and the faster the rate that they are going to accumulate. So what finally emerged was a connection between globalization, taking our economic connections and extending them throughout the whole world, a connection between globalization and faster growth."
Faculty News

Professor Nicholas Economides discusses the implications of CVS and Aetna's merger

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Excerpt from Bloomberg -- (1:19) "I wanted to note that the Department of Justice doesn't have any problem with this vertical merger but it did have a problem with AT&T - Time Warner merger so i don't quite understand how it can be consistent to intervene in one vertical merger and not intervene in others..."
Faculty News

Professor Jonathan Haidt's co-authored book, "The Coddling of the American Mind," is reviewed

Excerpt from National Review -- "The problem, according to Lukianoff and Haidt, is that the university’s commitment to truth is steadily yielding to a commitment to social justice. When some assertion about the way the world works conflicts with the reigning political beliefs, Coddling shows, it is increasingly, dangerously common for the offending views to be censored or shouted down rather than refuted with better evidence and sturdier logic."