Faculty News

Professor Jeffrey Wurgler comments on the value of index funds relative to the stock market

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Excerpt from The Wall Street Journal -- "Another conundrum: Stocks in the index become overvalued relative to those outside it. Jeffrey Wurgler, a finance professor at New York University’s Stern School of Business, has seen signs of this by comparing similar stocks that are or aren’t included in a basket."
Press Releases

Companies’ Efforts to Build Strong Relations with Stakeholders Can Prevent Crises and Lessen Their Financial Impact

Sinziana Dorobantu
New research by NYU Stern Professor Sinziana Dorobantu and co-authors, Wharton School Professor Witold Henisz and Moore School Professor Lite Nartey, reveals that stakeholders’ perceptions of an organization are critical in understanding whether a negative news event escalates into a bigger crisis by sparking a broader social movement against the organization. 
Research Center Events

Chade-Meng Tan Discusses Mindfulness with the Stern Community at Leadership Development Speaker Series

Chade-­Meng Tan
Chade-­Meng Tan (Meng), a Google pioneer, award­-winning engineer, international bestselling author and philanthropist spoke to the NYU Stern community as part of the School’s Leadership Development Speaker Series.
School News

Stern's Mindfulness in Business initiative is highlighted; Connie Kim, Director of Leadership Development, is interviewed

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Excerpt from TopMBA -- "Self-awareness is a key characteristic of being a leader, and NYU Stern’s Leadership Development Program aims to support those MBA students who are keen to deepen their self-understanding in their endeavor to have a positive impact."
Faculty News

Professor Viral Acharya's research on banking in Europe is referenced

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Excerpt from the Associated Press -- "'Creditworthy firms in industries with a prevalence of zombie firms suffered significantly from credit misallocation, which slowed down the economic recovery,' wrote the four economists: Viral Acharya at New York University's Stern School of Business, Tim Eisert from Erasmus University Rotterdam, Christian Eufinger at IESE Business School in Barcelona and Christian Hirsch at the Goethe University in Frankfurt."
School News

Professor Stijn Van Nieuwerburgh Is Awarded the 2015 Bernácer Prize

Stijn Van Nieuwerburgh
Professor Stijn Van Nieuwerburgh has been awarded the 2015 Bernácer Prize, which is given annually to a European economist under the age of 40 who has made outstanding contributions in the fields of macroeconomics and finance.
Faculty News

In a feature interview, Dean Peter Henry cites how the School has deepened and diversified through faculty recruitment, and its priority of providing scholarships for high-achieving, low-income students

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Excerpt from the Financial Times -- "[Henry] is adamant that financial services companies need to engage with the longer-term issues that preoccupy economists — such as income inequality — rather than just the more pressing matters that managers tend to focus on. In keeping with this mantra, NYU Stern is focusing fundraising on creating full scholarships for high-achieving, low-income students — the aim is to offer 200, up from 34 now. 'New buildings are wonderful, but we prefer to invest our resources in human capital.'"
Faculty News

Research Scholar Shlomo Angel shares insights on managing urban expansion

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Excerpt from Quartz -- "'[Cities] can’t contain expansion. Expansion is growing in leaps and bounds,' says Angel, who heads an NYU initiative that advises cities on how to make sprawl as 'vibrant, inclusive, and affordable' as possible. This rules out, for example, simply drawing an urban boundary to limit sprawl; places like Seoul and Portland, Oregon, have tried that and house prices have gone through the roof, making the cities unaffordable for many."
 
Faculty News

In an in-depth interview, Professor Arun Sundararajan shares how he believes the sharing economy might be regulated in the future

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Excerpt from Bloomberg View -- "It's really a situation where we have to think about how do we change the laws in a way that accommodates this activity because a lot of people want to host on Airbnb. A lot of guests want Airbnb. So society wants this service. What I think will happen in the long run is a couple of things: One is that we will in fact change the laws around that prevent people from renting for less than 30 days and so on. But I think we're also going to delegate a lot of responsibility to parties other than the government."
Faculty News

Professor Aswath Damodaran comments on Bernstein's views on Discounted Cash Flow (DCF) modeling

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Excerpt from the Financial Times -- "This piece by Bernstein tells me more about how DCF is practiced (or mangled) at Bernstein than it does about DCF itself. As the piece indicates, a Bernstein DCF is a Robo DCF where as the risk free rate changes, nothing else does and not surprisingly the value goes up."
Faculty News

Professor Sinziana Dorobantu comments on Uber's efforts to address its regulatory challenges

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Excerpt from Vice -- "'Uber is a company that placed a very big bet on expanding aggressively within the US and abroad,' Sinziana Dorobantu, an assistant professor at New York University’s Stern School of Business who is researching opposition to Uber worldwide, told me. 'They never took the time to think about regulation very deeply, and there was a lot of backlash against them. Because of the backlash they realize they have to get into the game of lobbying themselves.'"
Faculty News

Professor Nicholas Economides underscores the importance of widespread access to high-speed internet

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Excerpt from ARS Technica -- "'That’s a very serious issue, and a big social problem,' Economides said. 'You need high-speed Internet for national reasons, to get information, to get educated. That’s just not happening. We still have very high prices.'"
Faculty News

Professor Baruch Lev's book, "The End of Accounting," is excerpted

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Excerpt from Directors & Boards -- "There is no shortage of criticism of the accounting model and the financial information derived from it, and a whole host of proposed remedies: disclosure of nonfinancial variables (key performance indicators, or KPIs); reporting on the impact of firms’ operations on people and the planet, in addition to profits (the 'triple bottom line, or the three Ps'); or reporting on the intellectual capital of companies (intellectual capital reports), to name a few."
Faculty News

Professor Arun Sundararajan reacts to a court ruling awarding unemployment payments to two Uber drivers

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Excerpt from The Washington Post -- "'To me the real implication of this is highlighting the fact that lawmakers have to start recognizing that these categories are increasingly inadequate and something like unemployment benefits shouldn’t be reserved for one kind of work,' said Arun Sundararajan, a professor at New York University's Stern School of Business."
Student Club Events

Tenth Annual Luxury & Retail Conference: Expanding Horizons

Luxury & Retail Conference: Expanding Horizons
On Friday, October 14, the Luxury & Retail Club will hold its tenth annual conference, themed "Expanding Horizons: Navigating New Channels and Thinking in Retail."
Faculty News

Professor Nicholas Economides shares the implications of the Galaxy Note 7 smartphone's malfunctioning for the Samsung brand

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Excerpt from CCTV -- "Something doesn't work, and doesn't work catastrophically, as in this case, people will lose confidence to some extent on the brand of Samsung, even though the other Samsung phones are not affected at all by this problem."
Faculty News

Professor David Yermack's comments on blockchain technology at the Imperial Fintech Conference are highlighted

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Excerpt from CoinDesk -- "Overall, Yermack, who teaches a cryptocurrency course at NYU’s Stern School of Business, offered a much broader vision for the use of blockchain in finance than what the industry is considering, as well as more critical takes on how incumbents are exploring the tech."
Faculty News

Professor Irving Schenkler comments on Wells Fargo CEO John Stumpf’s departure

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Excerpt from CNNMoney -- "'The effect on morale has got to be debilitating,' said Irv Schenkler, a professor at NYU Stern School of Business."
Faculty News

Professor Aswath Damodaran shares his views on Twitter's leadership

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Excerpt from CNBC -- "'Twitter is a poster child for a company in need of adult supervision and I don't believe that [CEO] Jack Dorsey can run one company effectively, let alone two,' said Aswath Damodaran, finance professor at New York University Stern School of Business. Botching up their sale prospects, he says, is further evidence of Dorsey's inefficiencies as a leader."
Faculty News

Professor Robert Engle's research with Stern's Volatility Institute on systemic risk in South African banks is featured

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Excerpt from Moneyweb -- "A monthly analysis by Engle and the Volatility Institute at New York University’s Stern School of Business ranks the systemic risk contribution (SRISK%) of a number of South African banks and financial services companies higher than the riskiest European banks."
Faculty News

Professor Anindya Ghose shares insights on how Samsung can restore trust with its customers

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Excerpt from ABC News -- "Ghose said that to restore trust with consumers, the company would have to recall all of the defective phones (a process it has started), pinpoint the cause of the problem, fully reimburse consumers and convince its business partners 'to give it another shot with the next set of product releases.'"
Research Center Events

Innocence Project Attorney Seema Saifee and Exoneree Darryl Howard Speak to the Stern Community

Seema Saifee and Darryl Howard
NYU Stern’s Business & Society Program welcomed Seema Saifee, staff attorney for the Innocence Project, and Darryl Howard, who was recently exonerated after serving 24 years for a wrongful murder conviction, to speak to an audience of undergraduate Stern students.
Faculty News

Research Scholar Sarah Labowitz underscores the impact of terror attacks and unsafe working conditions on Bangladesh's appeal to businesses

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Excerpt from Reuters -- "'One of the risks for Bangladesh right now is that between the July terror attack, the legacy of Rana Plaza and now this (Tampaco fire), it begins to look like a non-desirable place to do business,' said Sarah Labowitz, co-head of NYU Stern's Center for Business and Human Rights. 'The government and industry really need to step up and respond.'"
Faculty News

Professor Adam Brandenburger is profiled

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Excerpt from mbaMission -- "Students with whom mbaMission spoke reported being consistently impressed by his capacity to make the complex simple in the classroom, stating that Brandenburger is able to take the 'complicated, theoretical and intangible' world of game theory and make it 'easy to understand and practical.'"
Faculty News

Professor Baruch Lev's "Knowledge Effect" research is featured

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Excerpt from Ticker Magazine -- "The Knowledge Effect is grounded in academic literature. It was first discovered in a series of studies in the 1990s, when NYU’s Baruch Lev analyzed 20 years of financial data and discovered an association between a firm’s level of knowledge capital and its subsequent stock performance."