Faculty News
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An op-ed by Prof. Jonathan Haidt on how democrats can get moral psychology to work in their favor
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![The New York Times Logo The New York Times Logo](/sites/default/files/styles/192w_x_144h/public/assets/images/uat_027320.jpg?h=cd55d432&itok=0KWx6q_9)
Excerpt from The New York Times -- "If the Democrats really want to get moral psychology working for them, I suggest that they focus less on distributive fairness — which is about whether everyone got what they deserved — and more on procedural fairness — which is about whether honest, open and impartial procedures were used to decide who got what."
Faculty News
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![The New York Times Logo The New York Times Logo](/sites/default/files/styles/192w_x_144h/public/assets/images/uat_027320.jpg?h=cd55d432&itok=0KWx6q_9)
Excerpt from The New York Times -- "If the Democrats really want to get moral psychology working for them, I suggest that they focus less on distributive fairness — which is about whether everyone got what they deserved — and more on procedural fairness — which is about whether honest, open and impartial procedures were used to decide who got what."
Faculty News
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Prof. Samuel Craig on how young people and older generations differ in their use of technology
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![](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030597.jpg?h=cd55d432&itok=5m5Ck4Du)
Excerpt from Variety -- "There are significant differences in how youngsters and their elders use technology. For example, young people 'don't have landlines; they have cell phones,' observes Sam Craig, director of the Entertainment, Media and Technology Program at NYU's Stern School of Business."
Faculty News
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![](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030597.jpg?h=cd55d432&itok=5m5Ck4Du)
Excerpt from Variety -- "There are significant differences in how youngsters and their elders use technology. For example, young people 'don't have landlines; they have cell phones,' observes Sam Craig, director of the Entertainment, Media and Technology Program at NYU's Stern School of Business."
Faculty News
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Prof. Jeffrey Wurgler is highlighted for his research on index funds
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![Wall Street Journal logo Wall Street Journal logo](/sites/default/files/styles/192w_x_144h/public/assets/images/wsjlogo.jpg?h=cd55d432&itok=Ak755mbf)
Excerpt from The Wall Street Journal -- "The rise of trading in index funds, these researchers say, is causing stocks to move more tightly together than ever before—as if they 'have joined a new school of fish,' as Prof. Wurgler puts it."
Faculty News
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![Wall Street Journal logo Wall Street Journal logo](/sites/default/files/styles/192w_x_144h/public/assets/images/wsjlogo.jpg?h=cd55d432&itok=Ak755mbf)
Excerpt from The Wall Street Journal -- "The rise of trading in index funds, these researchers say, is causing stocks to move more tightly together than ever before—as if they 'have joined a new school of fish,' as Prof. Wurgler puts it."
Faculty News
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"Guaranteed to Fail" by NYU Stern Faculty is named a Top Business Book
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![Bloomberg logo Bloomberg logo](/sites/default/files/styles/192w_x_144h/public/assets/images/bloomberg192x144.jpg?h=cd55d432&itok=ejpGXpik)
Excerpt from Bloomberg -- "'Guaranteed to Fail' by Viral V. Acharya, Matthew Richardson, Stijn Van Nieuwerburgh and Lawrence J. White (Princeton). Four professors at New York University’s Stern School of Business explain how Fannie Mae (FNMA) and Freddie Mac got so big and why we must fix them."
Faculty News
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![Bloomberg logo Bloomberg logo](/sites/default/files/styles/192w_x_144h/public/assets/images/bloomberg192x144.jpg?h=cd55d432&itok=ejpGXpik)
Excerpt from Bloomberg -- "'Guaranteed to Fail' by Viral V. Acharya, Matthew Richardson, Stijn Van Nieuwerburgh and Lawrence J. White (Princeton). Four professors at New York University’s Stern School of Business explain how Fannie Mae (FNMA) and Freddie Mac got so big and why we must fix them."
Faculty News
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Prof. Adam Alter's research finds having an easy-to-pronounce name can help you succeed
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![MSNBC logo MSNBC logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030725.jpg?h=cd55d432&itok=0yiON6Cc)
Excerpt from MSNBC -- “'People tend to feel more positive about things that are easy to process mentally, and with work colleagues that means better relationships,' said Adam L. Alter, an assistant professor of marketing at New York University’s Stern School of Business."
Faculty News
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![MSNBC logo MSNBC logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030725.jpg?h=cd55d432&itok=0yiON6Cc)
Excerpt from MSNBC -- “'People tend to feel more positive about things that are easy to process mentally, and with work colleagues that means better relationships,' said Adam L. Alter, an assistant professor of marketing at New York University’s Stern School of Business."
Faculty News
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Prof. Lawrence White on credit rating downgrades
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![](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030601.jpg?h=cd55d432&itok=YBUSIj9l)
Excerpt from Bloomberg Businessweek -- "'The difference between AAA and AA+ is comparatively small, but B and B- would be bigger.' Downgrades are particularly costly for banks, White says, because they borrow much more frequently than non-financial corporations."
Faculty News
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![](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030601.jpg?h=cd55d432&itok=YBUSIj9l)
Excerpt from Bloomberg Businessweek -- "'The difference between AAA and AA+ is comparatively small, but B and B- would be bigger.' Downgrades are particularly costly for banks, White says, because they borrow much more frequently than non-financial corporations."
Faculty News
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An op-ed by Nobel Laureate Prof. Michael Spence on changing the growth model
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![Project Syndicate logo Project Syndicate logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030500.jpg?h=cd55d432&itok=GSeYxZwf)
Excerpt from Project Syndicate -- "The alternative is to change the growth model in order to lighten the impact of higher levels of economic activity on natural resources and the environment."
Faculty News
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![Project Syndicate logo Project Syndicate logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030500.jpg?h=cd55d432&itok=GSeYxZwf)
Excerpt from Project Syndicate -- "The alternative is to change the growth model in order to lighten the impact of higher levels of economic activity on natural resources and the environment."
Faculty News
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Nobel Laureate Prof. Michael Spence on the US political system
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![The New York Times Logo The New York Times Logo](/sites/default/files/styles/192w_x_144h/public/assets/images/uat_027320.jpg?h=cd55d432&itok=0KWx6q_9)
Excerpt from The New York Times -- "As the Nobel-winning economist A. Michael Spence has put it, America has gone from 'one propertied man, one vote; to one man, one vote; to one person, one vote; trending to one dollar, one vote.'"
Faculty News
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![The New York Times Logo The New York Times Logo](/sites/default/files/styles/192w_x_144h/public/assets/images/uat_027320.jpg?h=cd55d432&itok=0KWx6q_9)
Excerpt from The New York Times -- "As the Nobel-winning economist A. Michael Spence has put it, America has gone from 'one propertied man, one vote; to one man, one vote; to one person, one vote; trending to one dollar, one vote.'"
Faculty News
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In an op-ed, Prof. Nouriel Roubini identifies four downside risks likely to materialize this year
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![Project Syndicate logo Project Syndicate logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030500.jpg?h=cd55d432&itok=GSeYxZwf)
Excerpt from Project Syndicate -- "At least four downside risks are likely to materialize this year, undermining global growth and eventually negatively affecting investor confidence and market valuations of risky assets."
Faculty News
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![Project Syndicate logo Project Syndicate logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030500.jpg?h=cd55d432&itok=GSeYxZwf)
Excerpt from Project Syndicate -- "At least four downside risks are likely to materialize this year, undermining global growth and eventually negatively affecting investor confidence and market valuations of risky assets."
Faculty News
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Prof. Lawrence White on large companies holding onto cash
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![Nightly Business Report logo Nightly Business Report logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030507.jpg?h=cd55d432&itok=QHsSIQIW)
Excerpt from PBS Nightly Business Report -- "It's clearly not a very high productivity use of your resources. And so it's a wasting asset."
Faculty News
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![Nightly Business Report logo Nightly Business Report logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030507.jpg?h=cd55d432&itok=QHsSIQIW)
Excerpt from PBS Nightly Business Report -- "It's clearly not a very high productivity use of your resources. And so it's a wasting asset."
Student Club Events
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2012 Stern Women in Business (SWIB) Conference: Leading with Purpose, Making an Impact
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![](/sites/default/files/styles/192w_x_144h/public/assets/images/con_034430.jpg?h=cd55d432&itok=rYuMSCXB)
As Arianna Huffington took the stage to address the more than 300 women in attendance at Stern Women in Business 20th Anniversary Conference on the afternoon of February 3, the excitement among the crowd was tangible. She did not disappoint, candidly sharing with the audience her personal recipes for successful leadership while frequently drawing laughter from the sell-out crowd...
Student Club Events
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![](/sites/default/files/styles/192w_x_144h/public/assets/images/con_034430.jpg?h=cd55d432&itok=rYuMSCXB)
As Arianna Huffington took the stage to address the more than 300 women in attendance at Stern Women in Business 20th Anniversary Conference on the afternoon of February 3, the excitement among the crowd was tangible. She did not disappoint, candidly sharing with the audience her personal recipes for successful leadership while frequently drawing laughter from the sell-out crowd...
Faculty News
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Prof. Stephen Brown is featured for his research on operational risk in the hedge fund space
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![](/sites/default/files/styles/192w_x_144h/public/assets/images/con_031427.jpg?h=cd55d432&itok=c6l8dRNE)
Excerpt from Opalesque -- "When we control for the affordability of due diligence, we find that funds that can afford to do the due diligence do better than funds that cannot afford to do the due diligence. And it accounts for most of the gains that we have seen to scale in funds of funds."
Faculty News
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![](/sites/default/files/styles/192w_x_144h/public/assets/images/con_031427.jpg?h=cd55d432&itok=c6l8dRNE)
Excerpt from Opalesque -- "When we control for the affordability of due diligence, we find that funds that can afford to do the due diligence do better than funds that cannot afford to do the due diligence. And it accounts for most of the gains that we have seen to scale in funds of funds."
Faculty News
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Prof. Nouriel Roubini on the state of the Mexican economy
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![BBC News logo BBC News logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030504.jpg?h=cd55d432&itok=s9SE3xdp)
Excerpt from BBC -- "Dr. Roubini made an important observation about the state of the Mexican economy. Compared to many major economies around the world - particularly its powerful neighbour to the north - Mexico is performing well."
Faculty News
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![BBC News logo BBC News logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030504.jpg?h=cd55d432&itok=s9SE3xdp)
Excerpt from BBC -- "Dr. Roubini made an important observation about the state of the Mexican economy. Compared to many major economies around the world - particularly its powerful neighbour to the north - Mexico is performing well."
Faculty News
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Prof. Paul Romer is highlighted for his question on the power of knowledge
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![](/sites/default/files/styles/192w_x_144h/public/assets/images/con_034368.gif?h=cd55d432&itok=GSRaUecQ)
Excerpt from WA Today -- "Suppose all the world's stock of structures and equipment remained, Romer mused, but our knowledge of how to create them was wiped out. Then imagine a scenario B, in which all our structures and equipment were wiped out, yet our knowledge of how to build them remained. In the long term, which scenario would leave us better off?"
Faculty News
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![](/sites/default/files/styles/192w_x_144h/public/assets/images/con_034368.gif?h=cd55d432&itok=GSRaUecQ)
Excerpt from WA Today -- "Suppose all the world's stock of structures and equipment remained, Romer mused, but our knowledge of how to create them was wiped out. Then imagine a scenario B, in which all our structures and equipment were wiped out, yet our knowledge of how to build them remained. In the long term, which scenario would leave us better off?"
School News
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In an interview, Dean Peter Henry urges MBAs to transform challenges into opportunities
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![CNBC logo CNBC logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_034412.gif?h=cd55d432&itok=e4hBcLLb)
Excerpt from CNBC -- "We teach our students to think about how to transform challenges and opportunities to create value. And that perspective, I think, is a perspective that companies are particularly liking at the moment."
School News
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![CNBC logo CNBC logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_034412.gif?h=cd55d432&itok=e4hBcLLb)
Excerpt from CNBC -- "We teach our students to think about how to transform challenges and opportunities to create value. And that perspective, I think, is a perspective that companies are particularly liking at the moment."
Faculty News
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Prof. Edward Altman's Z-Score is referenced as a tool for assessing a company's financial health
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![TheStreet logo TheStreet logo](/sites/default/files/styles/192w_x_144h/public/assets/images/thestreet.jpg?h=cd55d432&itok=t1Ko4Z_T)
Excerpt from TheStreet.com -- "The Altman Z-Score measures several aspects of a company's financial health to forecast the probability of it going bankrupt in the coming year."
Faculty News
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![TheStreet logo TheStreet logo](/sites/default/files/styles/192w_x_144h/public/assets/images/thestreet.jpg?h=cd55d432&itok=t1Ko4Z_T)
Excerpt from TheStreet.com -- "The Altman Z-Score measures several aspects of a company's financial health to forecast the probability of it going bankrupt in the coming year."
Faculty News
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Prof. Jonathan Haidt is featured for his research on morality and politics
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![](/sites/default/files/styles/192w_x_144h/public/assets/images/con_034406.gif?h=cd55d432&itok=gg7T3_8S)
Excerpt from OnLineOpinion.com -- "After conducting international survey research on morality Haidt has found that conservatives tend to use five moral registers to think through problems whereas liberals (or progressives) tend to use only two."
Faculty News
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![](/sites/default/files/styles/192w_x_144h/public/assets/images/con_034406.gif?h=cd55d432&itok=gg7T3_8S)
Excerpt from OnLineOpinion.com -- "After conducting international survey research on morality Haidt has found that conservatives tend to use five moral registers to think through problems whereas liberals (or progressives) tend to use only two."
Faculty News
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Nobel Laureate Prof. Michael Spence on addressing the US employment issues
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![](/sites/default/files/styles/192w_x_144h/public/assets/images/con_032169.jpg?h=cd55d432&itok=RPO11PdT)
Excerpt from PRWeb -- "To fully address unemployment and income-distribution issues, the U.S. needs more effective investment in skills, education, infrastructure and technology."
Faculty News
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![](/sites/default/files/styles/192w_x_144h/public/assets/images/con_032169.jpg?h=cd55d432&itok=RPO11PdT)
Excerpt from PRWeb -- "To fully address unemployment and income-distribution issues, the U.S. needs more effective investment in skills, education, infrastructure and technology."
Faculty News
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Prof. Alexander Ljungqvist's research on IPO pricing is highlighted
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![Business Standard logo Business Standard logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030844.jpg?h=cd55d432&itok=Z3rGibU_)
Excerpt from Business Standard -- "Ljungqvist of Stern Business School, Tim Jenkinson of Oxford University and Willliam Wilhelm of University of Virginia have worked extensively on IPO pricing, investor sentiment and IPO allocation. ... they analyse the data from 65 countries between 1992 and 1999 to show, among other things, that book-built issues contrary to expectations do not necessarily lower underpricing in all countries."
Faculty News
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![Business Standard logo Business Standard logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030844.jpg?h=cd55d432&itok=Z3rGibU_)
Excerpt from Business Standard -- "Ljungqvist of Stern Business School, Tim Jenkinson of Oxford University and Willliam Wilhelm of University of Virginia have worked extensively on IPO pricing, investor sentiment and IPO allocation. ... they analyse the data from 65 countries between 1992 and 1999 to show, among other things, that book-built issues contrary to expectations do not necessarily lower underpricing in all countries."
Faculty News
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Prof. Aswath Damodaran is cited for teaching an online course
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![The New York Times Logo The New York Times Logo](/sites/default/files/styles/192w_x_144h/public/assets/images/uat_027320.jpg?h=cd55d432&itok=0KWx6q_9)
Excerpt from The New York Times -- " ... a reporter watched Keler Gjika listlessly take a class on Advanced Finance through practice questions from Damodaran online, a popular Web site maintained by Aswath Damodaran, a professor at the Stern School of Business at New York University."
Faculty News
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![The New York Times Logo The New York Times Logo](/sites/default/files/styles/192w_x_144h/public/assets/images/uat_027320.jpg?h=cd55d432&itok=0KWx6q_9)
Excerpt from The New York Times -- " ... a reporter watched Keler Gjika listlessly take a class on Advanced Finance through practice questions from Damodaran online, a popular Web site maintained by Aswath Damodaran, a professor at the Stern School of Business at New York University."
Faculty News
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Prof. Gian Luca Clementi on Mario Monti's speech at the New York Stock Exchange
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![Reuters logo Reuters logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030503.jpg?h=cd55d432&itok=nEPtCSQk)
Excerpt from Reuters -- "Monti did not bring news, but his visit played an important role. We can now say: 'Look, things have changed. We now have competent and serious people leading our country.'"
Faculty News
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![Reuters logo Reuters logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030503.jpg?h=cd55d432&itok=nEPtCSQk)
Excerpt from Reuters -- "Monti did not bring news, but his visit played an important role. We can now say: 'Look, things have changed. We now have competent and serious people leading our country.'"
Faculty News
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Prof. Hal Hershfield's research on saving for retirement is featured
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![U.S. News and World Report logo U.S. News and World Report logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030501.jpg?h=cd55d432&itok=3qQbzyOM)
Excerpt from US News & World Report -- "In a series of studies conducted with colleagues, Hershfield explored that connection between future selves and savings, and found that the more connected we feel to our future selves, the more likely we are to save."
Faculty News
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![U.S. News and World Report logo U.S. News and World Report logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030501.jpg?h=cd55d432&itok=3qQbzyOM)
Excerpt from US News & World Report -- "In a series of studies conducted with colleagues, Hershfield explored that connection between future selves and savings, and found that the more connected we feel to our future selves, the more likely we are to save."
Faculty News
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Prof. Michelle Greenwald says TV ads are best when a brand wants to reinvent itself
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![Reuters logo Reuters logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030503.jpg?h=cd55d432&itok=nEPtCSQk)
Excerpt from Reuters -- "'Social media is better for deals and promotions,' said ... professor Michelle Greenwald, who earlier in her career was an executive at PepsiCo and Disney. TV is the best bet for a brand that is in a hurry to remake itself, she added."
Faculty News
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![Reuters logo Reuters logo](/sites/default/files/styles/192w_x_144h/public/assets/images/con_030503.jpg?h=cd55d432&itok=nEPtCSQk)
Excerpt from Reuters -- "'Social media is better for deals and promotions,' said ... professor Michelle Greenwald, who earlier in her career was an executive at PepsiCo and Disney. TV is the best bet for a brand that is in a hurry to remake itself, she added."