Faculty News

Professor Itamar Drechsler's joint research on asset pricing is referenced

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Excerpt from ETF.com -- "In addition, Itamar Drechsler and Qingyi Drechsler, authors of the July 2014 study 'The Shorting Premium and Asset Pricing Anomalies,' found that about one-quarter of 'on special' stocks migrate into lower-cost buckets each month. In other words, underperformance tends to be fleeting."
Faculty News

Professor Christine Cuny and PhD candidate Svenja Dube's joint research on the impact of disclosure quality on the cost of municipal debt is featured

Excerpt from The Bond Buyer -- "In their research, presented at Brooking’s July 2017 Municipal Finance Conference, Cuny and Dube examined the relation between disclosure choice, changes in issuer credit ratings, and adverse local housing conditions. The 'results suggest that disclosure quality can lower the cost of debt by attenuating the impact of negative economic outcomes,' they said."
 
Faculty News

In an op-ed, Professor Michelle Greenwald shares insights from the Google Clips Camera development team

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Excerpt from Forbes -- "I was thrilled to recently discover what I consider a gold standard process by the Google Clips Camera development team. Key leaders of the development team Juston Payne, a former superstar MBA student from NYU Stern, who is product manager on the project, and Eva Snee, the UX (user experience) researcher, described what led to the new version, launched this past Friday."
 
Faculty News

Professor Ingo Walter is interviewed for a feature story on Wall Street's history and evolution

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Excerpt from Bloomberg -- "'The closeness [of financial firms] helped information flows—it was very efficient,' said Walter, who is the Seymour Milstein chair of finance and corporate governance at New York University’s Stern School of Business. 'Even after hours in the bars. Lots of information passed between people.'"
School News

Undergraduate Student Aex Grieco shares what she loves most about attending Stern

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Excerpt from Forbes -- "I love a lot of things about Stern, but I would have to say that my top three favorite things are: the study-abroad program, being surrounded by so many driven and hardworking people, and, of course, living in and experiencing New York City! Thanks to Stern, I have been able to study abroad in Florence, Italy, intern at a luxury cosmetics brand in New York City, and meet so many students and professors, both in and out of the classroom, who are diverse in thought and background."
Faculty News

Professor Scott Galloway explains why Facebook should be subject to regulation

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Excerpt from CNBC -- "'Just as big tobacco was never able to make the connection between tobacco and cancer, and the NRA can't make the connection between gun sales and mass shootings, Facebook will never make the connection between the lack of safeguards and the risk to the commonwealth,' Galloway said Friday on CNBC's 'Squawk Alley.'"
School News

Stern's inaugural focused Andre Koo Tech MBA and Fashion & Luxury MBA classes are featured, including quotes from incoming students Nicole Imbriaco (MBA '19) and Christian Trautwein (MBA '19) about their career goals

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Excerpt from Clear Admit -- "Imbriaco believes the Andre Koo Tech MBA will give her a skill set that she can apply to a variety of industries. She hopes upon completing the program to use 'the combination of business, analytics, and technology-focused skills to contribute towards making a difference in the fields of cancer research,' she said. ... Trautwein was attracted to the [Fashion & Luxury] one-year MBA program by the 'promise & opportunity' it offers to graduates. NYU’s proximity to the fashion industry was also a draw. 'My desire to build a fashion brand paired perfectly with the robust program NYU Stern has built,' he said."
 
Faculty News

Professor Robert Seamans discusses the Trump administration's plans to fund AI research and development

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Excerpt from the Associated Press -- "'It’s been a huge missed opportunity up until this point,' said Robert Seamans, a White House economist during the Obama administration who now teaches at the NYU Stern School of Business."
Research Center Events

Creative Destruction Lab-New York City at TechDay

Creative Destruction Lab-New York City logo
On Thursday, May 10, join representatives from NYU Stern’s Creative Destruction Lab-New York City at TechDay, the largest startup event in the US. 
School News

NYU Stern’s Eighth Annual Faculty Excellence Dinner

NYU Stern faculty and guests gathered on to celebrate the School’s community of scholars and to recognize excellence in research and scholarship, excellence in teaching, excellence in mentorship, excellence in influence and excellence in innovation on May 9.
Faculty News

Professor Jeffrey Wurgler's joint research on the impact of investor sentiment is featured

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Excerpt from ETF.com -- "Over roughly the last decade, researchers have explored investor sentiment’s impact on markets. Malcolm Baker and Jeffrey Wurgler have even constructed an investor sentiment index based on six metrics: trading volume as measured by NYSE turnover; the dividend premium (the difference between the average market-to-book ratio of dividend-payers and non-payers); the closed-end fund discount; number of IPOs; first-day returns on IPOs; and the equity share in new issues."
Faculty News

Professor Arun Sundararajan is interviewed for a feature story on whether Airbnb has impacted New York City rents

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Excerpt from Fast Company -- "'You’ll find that only a very small fraction of current Airbnb listings could potentially be units that have been taken off the market,' says Arun Sundararajan, professor at NYU’s Stern Business School and one of the researchers on the study. 'They’re not going to take over large swaths of long-term housing because there’s just not enough demand for that.'"
Faculty News

Professor Pankaj Ghemawat's new book, "The New Global Roadmap," is reviewed

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Excerpt from Eurasia Review -- "Tackling these timely 'nonmarket issues' and more, this book is structured in two parts. Part One maps globalization to explain what is — and what isn’t — changing, with some numbers and maps to illustrate. Part Two offers strategies for managing globalization — including how to compete, where to compete, how to connect and the aforementioned nonmarket issues — i.e., 'anger and its management.'"
Faculty News

Professor David Yermack's research on the financial impact of Michelle Obama's fashion choices is referenced in a feature story on Meghan Markle

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Excerpt from BBC -- "'Obama mixes couture with items anyone can buy at a mall - she famously wore J Crew gloves while holding the Lincoln Bible at the Inauguration. Consumers flock to the stores, and even if they don't buy what she wears, they often leave with something else,' [Yermack] wrote."
Press Releases

Sallie Krawcheck, CEO and Co-Founder of Ellevest and Chair of Ellevate Network, to Keynote NYU Stern School of Business 2018 Graduate Convocation

Sallie Krawcheck
Sallie Krawcheck, CEO and Co-Founder of Ellevest and Chair of Ellevate Network, to Keynote NYU Stern School of Business 2018 Graduate Convocation.
Research Center Events

Executive Education Short Course: FinTech For Executives: Understanding and Managing Innovation in Financial Technology

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 Taught by industry and academic leaders David Yermack and Kathleen DeRose, this course equips participants with an understanding of key FinTech concepts, strategies and implications.
Faculty News

Professor Nicholas Economides explains why a merger of T-Mobile and Sprint would not benefit consumers

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Excerpt from the Los Angeles Times -- "Nicholas Economides, an economist at New York University, said that for a market to be considered truly competitive, it should have at least 10 players. 'In the case of the wireless market," he said, "we're already talking about an oligopoly. So a merger would just make an even more concentrated oligopoly.' Going from four to three players, Economides said, 'makes it extremely likely prices will be higher.'"
Faculty News

Professor Amy Webb's remarks at The Wall Street Journal's Future of Everything Festival are highlighted

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Excerpt from The Wall Street Journal -- "Nine tech companies, including Alphabet Inc. and Tencent Holdings Ltd. , are largely deciding the direction of artificial-intelligence research and implementation, said Amy Webb, founder of the Future Today Institute. 'There’s no switch, and nobody is in charge,' Ms. Webb said."
Faculty News

Professor Robert Salomon is interviewed about Nestle's partnership with Starbucks

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Excerpt from Marketplace -- "The first thing that they get out of this is a cool 7 billion dollars...The ability to reach markets that they otherwise would not be able to distribute to and market in."
School News

In a co-authored op-ed, PhD candidate Steven Dallas shares insights from his research on calorie labeling and consumer food choices

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Excerpt from STAT -- "Our research, which is forthcoming in the Journal of Consumer Psychology, suggests that we should not dismiss calorie labeling just yet, and that a trivially simple intervention can considerably increase the impact of calorie labels on consumers’ food orders."
Research Center Events

Executive Education Short Course: Business Analytics for Executives: Leveraging Data as a Strategic Asset

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This program is designed to help executives leverage analytics to improve their decision-making skills across their organization. Through a combination of discussion, simulation and experiential exercises, participants will develop a clear understanding of what decisions analytics can help them make, and the best way to transform analytics insights into strategies.
School News

Stern's location, robust alumni network and strengths in finance as well as technology are highlighted in an MBA career trend story; Assistant Dean of Career Services Beth Briggs is quoted

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Excerpt from the Financial Times -- "A thorough understanding of the digital world is essential for those going into finance, she adds. Banks are interested in building new strategies based around machine learning and other technological breakthroughs. 'The skills they want are digital, such as data analytics and AI,' Ms Briggs says. One of the reasons the banking sector continues to accept a large proportion of Stern graduates is that the school can provide connections with alumni working in the sector. 'We have very deep relationships,' Ms Briggs says."
School News

Stern's location, robust alumni network and strengths in finance as well as technology are highlighted in an MBA career trend story; Assistant Dean of Career Services Beth Briggs is quoted

Financial Times logo
Excerpt from the Financial Times -- "A thorough understanding of the digital world is essential for those going into finance, she adds. Banks are interested in building new strategies based around machine learning and other technological breakthroughs. 'The skills they want are digital, such as data analytics and AI,' Ms Briggs says. One of the reasons the banking sector continues to accept a large proportion of Stern graduates is that the school can provide connections with alumni working in the sector. 'We have very deep relationships,' Ms Briggs says."
Faculty News

Professor Aswath Damodaran comments on early-stage companies using nontraditional metrics to determine their prospective profitability

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Excerpt from Barron's -- "...in the case of companies like WeWork, which is privately held, he thinks the problem isn’t the metrics but the fact that the company is issuing bonds in the first place. 'You should never be buying bonds in a start-up,' Damodaran says."
Faculty News

Professor Robert Engle discusses how increased tariffs would impact global trade

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Excerpt from CBC -- "Engle said much of the world economy is dependent on open access to world markets. 'If we start putting on tariffs, all these business arrangements are going to be disrupted,' he said. 'I think there is a big concern by the financial sector and the real economy that this would be very costly for everybody.'"