Faculty News

In an op-ed, NYU Global Research Prof. Ian Bremmer discusses the impact of political turmoil on the world's wealthiest people

TIME logo
Excerpt from TIME -- "While many of China’s wealthiest may have left the country, there are plenty who still fill the highest ranks of government. More than one in seven of the 1,271 richest Chinese are serving in Parliament or its advisory body. These 203 delegates are collectively worth over $460 billion."
Faculty News

Prof. Holger Mueller's research on wage inequality and company size is featured

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Excerpt from The Economist -- "...the paper shows that the benefits of scale are not shared equally among all workers. Using data on wages at British firms, they divide workers into nine groups according to how skilled they are. Over time, they find that the proportional difference in wages between the groups grows as firms get bigger. This trend is driven entirely by a rising gap between wages at the top compared with the middle and bottom of the distribution. As the authors note, this is very similar to the trend in income inequality in America and Britain as a whole since the 1990s, when pay for low and median earners began to stagnate."
Faculty News

Prof. Scott Galloway on mattress startup Casper

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Excerpt from BuzzFeed News -- "Scott Galloway, a clinical professor of marketing at NYU’s Stern School of Business, calls this one-product plan 'sniper retail.' 'They’re taking one product and going after it with a laser focus,' he says. 'And they’re much more skilled. Traditional companies might be going after the same thing, but they’re using swords. The startups are trying to achieve the scale and efficiency of a value-based retailer, like Wal-Mart, but at the same time give you the individual attention you’d get from a specialty retailer, like Duxiana. So you feel like you’re getting Williams-Sonoma at a Costco price. That’s a powerful combination.'"
Faculty News

Prof. Lisa Leslie on her research on affirmative action

Human Resources Executive logo
Excerpt from Human Resources Executive -- "Diversity initiatives are effective, but also produce unintended consequences that can limit the career success of the very groups of employees they are intended to benefit. Implementing an affirmative-action plan without taking steps to avoid unintended consequence is unlikely to be an effective solution."
Faculty News

Prof. Thomas Philippon on the financial services industry

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Excerpt from International Business Times -- "'For a long time, we took for granted that all these activities are useful simply because they exist,' says Thomas Phillippon, a professor of finance at the New York University Stern School of Business who studies the efficiency of financial services. 'Now we have the challenge of deciding what’s useful or not.'"
Faculty News

Prof. JP Eggers on the challenges Etsy faces in going public

Financial Times logo
Excerpt from Financial Times -- "I think it's going to be a real challenge, because any time a company goes public and faces the pressures of the market to grow and expand the business, there's a strong pressure to expand the boundaries of what they've been doing and this is a kind of a community that's not an easy one to maintain as it scales larger and larger."
Faculty News

Prof. Nicholas Economides recommends that Greece accept a debt deal

Bloomberg logo
Excerpt from Bloomberg -- "They have to accept the deal with the Europeans. They have to accept the loan deal...commit to reforms, and sign the deal as soon as possible. Six weeks have passed since the new government was sworn in, and we are very few weeks from a Grexit... and it's very irresponsible to keep getting closer and closer to a deadline in which Greece will not be able to pay its civil servants and pensioners."
Faculty News

Prof. Nouriel Roubini's comments on the art market are highlighted

Financial Times logo
Except from Financial Times -- "Art’s attractions as an asset class include its portability, lack of correlation with traditional investments and 'safe haven' characteristics. Some critics such as Nouriel Roubini, an economist who is himself an art collector, have said the market is also used for money laundering and tax evasion and have called on regulators to bring it to heel."
Faculty News

Prof. Nouriel Roubini on Greece's possible exit from the Euro

Bloomberg logo
Excerpt from Bloomberg -- "Once one country is out, people are going to ask who's going to be next. That's why I think, economically and financially, it doesn't make sense to have a Greek exit."
Faculty News

Research Scholar Sarah Labowitz on the collapse of a cement factory in Bangladesh

NDTV logo
Excerpt from NDTV -- "'The horrifying collapse of yet another factory is a stark reminder that the root causes of threats to workers rights have yet to be addressed across the manufacturing sector in Bangladesh,' said Sarah Labowitz, an expert on labour rights at New York University Stern School of Business."
Research Center Events

The Volatility Institute - Macro Financial Modeling Group Winter 2015 Meeting

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The Macro Financial Modeling (MFM) Group Winter 2015 Meeting is co-sponsored and hosted by the Volatility Institute at the NYU Stern School of Business. Scholars, central bankers and practitioners will discuss interactions between credit risks of financial sectors and their respective sovereigns.
Faculty News

Prof. Scott Galloway discusses the Apple Watch

Fortune logo
Excerpt from Fortune -- "They signal something about you. This is not a timepiece [holding up his watch]. I have not wound it in five years. It’s my vain attempt to express Italian masculinity and signal that if you mate with me I’m more likely to take care of your offspring than someone wearing a Swatch watch."
Faculty News

Profs Jennifer Carpenter and Robert Whitelaw’s research on the Chinese stock market is cited

Wall Street Journal logo
Excerpt from The Wall Street Journal -- "'It’s very counterintuitive,' said Prof. Jennifer N. Carpenter, whose recent research at New York University Stern School of Business shows prices of Chinese stocks are comparable to U.S. share prices as an indicator of future corporate profits. 'Reforms have been rolling out over the last decade, and markets have gotten better and better functioning.'"
Faculty News

Prof. Anat Lechner advises managers on handling employee resignations

Harvard Business Review logo
Excerpt from Harvard Business Review -- "Abrupt employee departures are especially hard on the psyche. If you’ve grown to really rely on that person, 'you may feel deserted and alone,' says Anat Lechner, a clinical associate professor of management and organizations at NYU Stern. 'You’re left psychologically and practically without a point person.' Here are some tips to help you manage the separation and make the transition as smooth as possible."
Faculty News

Prof. John Horton on an upcoming trial on the employment status of Uber drivers

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Excerpt from Marketplace -- "'I'm sure they have a contingency plan to deal with this,' says John Horton, from NYU’s Stern School of Business. 'It may take some of the shine off them as an investment, but my guess is we're not going to see Uber close up shop if the jury rules against them.'"
Faculty News

Prof. Arun Sundararajan on Google's first retail store

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Excerpt from TheStreet.com -- "Sundararjan added, 'There's this growing convergence between online and offline where pure-play online and pure-play physical stores are going to be dominated by these hybrids over the coming years. One part of the motivation here is perhaps preparing for the world where in order to have consumer mindshare you need both online and real world presence.'"
 
Faculty News

Prof. JP Eggers's research on serial entrepreneurs is featured

Inc. logo
Excerpt from Inc. -- "Eggers, and his co-author Lin Song of Beijing's Central University of Finance and Economics, studied two groups---serial entrepreneurs in Beijing and venture capital funded companies in the U.S. They found that the entrepreneurs who failed, but who stuck to the same industry had at least as good, or better outcomes with subsequent businesses as cohorts who changed industries."
 
Faculty News

Prof. Thomaï Serdari on Fragrance Du Bois's partnership with Xerjoff

Luxury Daily logo
Excerpt from Luxury Daily -- "'Having established its presence in the market for several years, Fragrance Du Bois is the ideal partner for Xerjoff that enters this market for the first time,' [Serdari] said. 'While Xerjoff is an Italian brand and Fragrance Du Bois is French, in other words both are European, Fragrance Du Bois provides a bridge between the East and West by allowing the locals to take pride in their homegrown natural resources, which are then converted into unique fragrances in the South of France, a region renowned for perfume making.'"
Faculty News

Prof. Anindya Ghose on Apple Pay and the expansion of FinTech

NHK logo
Excerpt from NHK -- "For one company, sure, Apple is huge, but when Samsung has Samsung Play and Google revises Google Wallet, it's only going to increase the whole financial tech market, which is great, again. Because as more companies compete, who benefits? Consumers."
Faculty News

Prof. Nouriel Roubini's comments on the future of labor are highlighted

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Excerpt from The New York Times -- "Nouriel Roubini, a professor of economics at the Stern School of Business at New York University, underlined the point last week at a London conference on the future of work. 'The share of labor in the economy is collapsing, and that will continue,' he said."
Faculty News

Prof. Scott Galloway on why he believes Amazon should open more brick-and-mortar stores

Excerpt from Bloomberg -- "I think the consumer always wins, and the consumer wants a great multi-channel experience. They want products available online, they want the convenience and scale of online, but they also want to be able to go into these great flexible warehouses called stores, and stores are still a great shopping experience. When you look at the e-commerce companies that are really killing it, like Warby Parker, they've opened stores."
Faculty News

In an op-ed, NYU Global Research Prof. Ian Bremmer discusses the approach to ISIS

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Excerpt from Kathimerini -- "The Obama administration is at a crossroads. If its primary message is that allies need to do far more of the heavy lifting (the American intention when the bombing started), the administration needs to send the clearest possible signals that American efforts will have sharp constraints. If it's that the United States will be out in front in an aggressive and accelerated campaign against ISIS, then it needs to show that all options are on the table. That could include more reliance on American enemies who have common cause against ISIS—even if those enemies are reviled by key Sunni partners."
Press Releases

New Research Shows that Switching Industries is Costly for Serial Entrepreneurs

JP Eggers
In a new study, Professor JP Eggers of the NYU Stern School of Business and Lin Song of the Central University of Finance and Economics in Beijing find that serial entrepreneurs whose previous ventures failed are likely to blame the external environment and to change industries for their subsequent ventures.
Faculty News

Prof. Nouriel Roubini's op-ed on negative interest rates is highlighted

Financial Times logo
Excerpt from Financial Times -- "Nouriel Roubini offers a very level-headed reminder that the point of negative interest rates is just the same reason we want low interest rates in normal cases of weak demand. Their job is to reduce excess savings and stimulate aggregate spending."
Faculty News

Prof. John Horton discusses the labor market for Silicon Valley startups

Wall Street Journal logo
Excerpt from The Wall Street Journal -- "At the core of all of these businesses is what’s known as a two-sided market, in which companies must create markets for both labor (think Uber drivers) and customers. Just getting one of these markets going can be daunting. 'It’s the "cold start" problem,' says John Horton, professor at NYU Stern and formerly the staff economist at oDesk, a site that pairs freelancers with employers. 'In general, no one wants to come to your market if you don’t have the other side of the market,' he adds."