Faculty News

Professor Thomai Serdari comments on Bulgari Hotels and Resorts' new digital video series connecting its global workforce to customers who are facing lockdown restrictions as a result of the COVID-19 pandemic

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Excerpt from Luxury Daily -- "'Bulgari Hotels is creating content that may help entertain those who take shelter at home during the COVID-19 pandemic,' said Thomai Serdari, director of fashion and luxury at Brand(x)Lux and Professor at NYU Stern."
Faculty News

Professor Arun Sundararajan's recent comments exploring how a crisis can serve as an accelerant for change are featured

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Excerpt from Republic World -- "Will Covid-19 result in the acceleration of automation and will automation become part of our daily life? While presenting his research on how digital technologies transform society Arun Sundararajan, a professor at NYU Stern School of business had said "Crisis can be sort of a catalyst or can speed up changes that are on the way it almost can serve as an accelerant."
Faculty News

Professor Amal Shehata explains how companies are using cash-flow models to try and predict the financial impact of the coronavirus pandemic

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Excerpt from Bloomberg Law -- “'Companies now are frantically creating cash-flow models and all types of financial models to try and predict how long can we last with nobody buying our product. But those models are based on estimates. Nobody knows. We don’t know how long we’re going to be quarantined,' said Amal Shehata, an audit and accounting professor at New York University Stern School of Business."
Faculty News

A model, built by Professor Thomas Philippon and Vaidyanathan Venkateswaran, which simulates scenarios of confinement and deconfinement in order to help find the point of balance between health and economic constraints is spotlighted

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Excerpt from L'Obs -- "Professor of economics and researcher at New York University (NYU), Thomas Philippon built with Callum Jones and Venky Venkateswaran a model to simulate the scenarios of confinement and deconfinement. It seeks to find the point of balance between health and economic constraints. How and when to confine and deconfine to save the most lives while minimizing the loss of economic activity?"
Faculty News

Professor Panos Ipeirotis' research on Mechanical Turk is mentioned

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Excerpt from WIRED -- "Amazon did not reply to a query about activity on Mechanical Turk, but Panos Ipeirotis, an NYU professor who has studied Mechanical Turk workers, says he’s seen more Turkers recently from Canada, Italy, and Brazil in particular."
Faculty News

Professor Edward Altman's recent research on "junk bonds" is cited in a story exploring stresses affecting the bond market

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Excerpt from InvestorPlace -- "According to Ed Altman, a professor at the New York University Stern School of Business who created the Altman Z-Score to measure financial distress, a big chunk of so-called investment-grade bonds should be in the junk category already. Altman examined 350 BBB-rated U.S. companies as of the end of 2019 and determined that more than 30% of them, with $600 billion or more of bonds, should have been rated 'junk.'”
Faculty News

Professor Robert Engle's work in statistical modelling of time-varying volatility is cited

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Excerpt from AlphaWeek -- "'I had been a CTA for many years, and it was getting harder to make money. Volatility was coming down; interest rates were coming down. The risk was something I began to look at in more detail, and I began to study academic literature and found Robert Engle's work,' says Rothe."
Faculty News

Professor Paul Hardart notes that media companies must adapt to changes in the marketplace to survive in the current economic climate

Excerpt from Adweek -- “'The pandemic is an acceleration of what trends were happening anyway,' said Paul Hardart, clinical professor of marketing at NYU Stern School of Business."
School News

Takeaways from the Sustainable Market Share Index™, research by the Center for Sustainable Business and IRI, are referenced

Excerpt from Adweek -- "Sustainability matters to consumers. NYU Stern Center for Sustainable Business found that from 2013 to 2018, 50% of CPG growth came from sustainable product offerings and 81% of consumers say that brands should help improve the environment."
Faculty News

Professor Tom Meyvis shares his perspective on how the restaurant industry will be impacted by consumer spending once the COVID-19 restrictions are eased

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Excerpt from Los Angeles Times -- "It will be gradual and guarded, and many businesses will continue grappling for months or even years with significantly lower sales. 'Consumers will not simply flock to restaurants because they are open,' said Tom Meyvis, a marketing professor at New York University who focuses on consumer behavior."
Faculty News

In an in-depth feature, Professor Amy Webb shares insights on the seven most important technology trends for 2020

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Excerpt from Handelsblatt -- " When futurologist Amy Webb appears at conferences like South by Southwest (SXSW) in Austin, Texas, there is rarely a place left. Thousands follow each year as the founder of the Future Today Institute presents her “Tech Trends Report” . For her analysis, the Professor of Strategic Future Planning at the Stern School of Business at New York University is collecting hundreds of trends and technologies that will become more important in the coming months."
Faculty News

Professor Anindya Ghose comments on the growing trend of Indian communities utilizing mobile text messaging apps to organize the delivery of grocery supplies

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Excerpt from Quartz -- “'This is almost certainly something that can be done in many parts of India as mobile text messaging apps are also very popular in the country and can enable this kind of grassroots coordination in large housing complexes and gated communities of India,' said Anindya Ghose, professor of technology, operations, and statistics at New York University’s Stern School of business."
Faculty News

Professor Edward Altman predicts a historic number of defaults driven by the coronavirus will result in a peak in 2021

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Excerpt from Bloomberg -- "Unprecedented debt issuance over the years could lead to a historic number of defaults driven by the coronavirus and the drop in oil prices, with a peak coming in 2021, according to Dr. Edward Altman. 'I’m afraid we are going to have a large number of bankruptcies in the next 12 to 24 months,' the Stern School of Business, New York University professor emeritus said in a webinar sponsored by the school on Tuesday."
Faculty News

In a podcast interview, Professor Richard Sylla discusses the return of inflation, ultra-low interest rates and the financial impacts from the coronavirus crisis

Excerpt from Financial Sense -- "You might not hear many people talking about the return of inflation right now. Richard Sylla says that doesn’t mean inflation isn’t coming. The NYU professor and co-author of A History of Interest Rates joined Jim Puplava on a recent edition of the Financial Sense Newshour podcast where they discussed the return of inflation, ultra-low interest rates, MMT and the financial impacts from the coronavirus."
Faculty News

In a radio interview, Professor Alixandra Barasch shares takeaways from her recent research on photo-sharing

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Excerpt from BYU Radio -- "When we used to take photos with our kodaks and our disposable cameras, it was more of a special occasion when we would get out the camera. You might have a slideshow night and share that with a few people. Now we’re sharing our photos with hundreds or thousands of our followers. That’s drastically changing the nature of the photo-taking process. This is definitely a new phenomenon."
Faculty News

Professor Joseph Foudy is quoted in a story examining the probability of default jumps for automakers as the COVID-19 pandemic impacts production

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Excerpt from S&P Global -- "Part of the concern is that companies could be cut off from creditors, said Joseph Foudy, an economics professor at New York University. 'You get into a cycle where we downgrade them, which raises their borrowing costs, which leads to more fears of insolvency, which leads to downgrading, and you get into some kind of cycle where the downgrades themselves become the problem because they get cut off from banks,' he said."
Faculty News

Professor Nouriel Roubini's comments on the Fed's willingness to purchase corporate bonds are referenced

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Excerpt from CCN -- "BBB-rated corporate bonds, which make up a majority of the investment-grade corporate universe, are also a major concern. Many of these BBB-rated companies don’t pass the criteria to be rated BBB by the rating agencies. As New York University Economist Nouriel Roubini put it, the Fed is essentially buying junk bonds."
Faculty News

Scholar-in-Residence Gary Friedland is quoted in a story examining how the coronavirus pandemic is impacting many hotels' ability to pay operating costs and debt service, from his research with Professor Jeanne Calderon

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Excerpt from Philadelphia Inquirer -- "Overseas investors are less equipped to take on the administrative tasks that would accompany a foreclosure than domestic funders, so are more likely to extend forbearance, said Gary Friedland, who specializes in the EB-5 program as a scholar-in-residence at New York University’s Stern School of Business."
Faculty News

Professor Aswath Damodaran’s framework for valuing cyclical and commodity companies is spotlighted

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Excerpt from Seeking Alpha -- "The framework proposed by Prof. Damodaran offers a more nuanced approach to normalization which we have applied to the financial performance of Western Forest Products Inc. ("WEF") (OTC:OTCPK:WFSTF),over the past ten years to see where we stand on a mid-cycle valuation and the results point to a compelling entry point for contrarian value investors."
Faculty News

Professor Nicholas Economides compares the stimulus packages put forth by governments in Europe vs. the U.S.

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Excerpt from Fortune -- "Nicholas Economides, economics professor at New York University’s Stern School of Business, said when it comes to policies directed at the labor market, size matters. In the U.S., the stimulus package was about 10% of GDP and there was a discussion about increasing it 'while in the euro zone they’ve talked about 500 billion euros which is less than 5% of the GDP of the euro zone. I think that would be totally inadequate,' he told Fortune."
Faculty News

Joint research from Professor Frances Milliken on the effects of diversity in organizational groups is referenced

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Excerpt from Psychology Today -- "While organizations often tout the performance benefits of having a diverse workforce, the reality is more nuanced. Here’s how management scholars Frances Milliken and Luis Martins describe their findings in a well-cited 1996 review paper: 'Diversity thus appears to be a double-edged sword, increasing the opportunity for creativity as well as the likelihood that group members will be dissatisfied and fail to identify with the group.'”
School News

Recent alumnus Reid Velo (MBA '19) is featured as part of Clear Admit's "Real Humans of BCG" segment, spotlighting the strength of Stern's community, including fellow students, faculty and administrators

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Excerpt from Clear Admit -- "Also, I’d like to hijack this question to emphasize the importance of paying it forward. When I was a 1st-yr MBA student, I was fortunate to have a 2nd-yr friend who must have practiced 7 case interviews with me. He was an inspiration and it was only right to pay it forward when I became a 2nd-yr student. You’ll experience the same thing."
School News

The STEM designation of Stern's two-year Full-time MBA program and focused Andre Koo Technology and Entrepreneurship MBA program is highlighted

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Excerpt from Poets & Quants -- "“This has clearly become an important issue for international students as they are looking at MBA programs and potential higher-education opportunities,' says JP Eggers, NYU Stern’s vice dean for MBA programs and academic director of the Andre Koo Technology and Entrepreneurship MBA, which like the full-time MBA is STEM-designated."
School News

NYU Team Wins the Kellogg-Morgan Stanley Sustainable Investing Challenge

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A team of NYU Wagner and NYU Stern students have won first place at the 2020 Kellogg-Morgan Stanley Sustainable Investing Challenge. The team was among four finalist schools that presented, which were ultimately narrowed from 95 teams from over 74 schools and representing over 50 countries.
Faculty News

Joint research from Professor Melissa Schilling on uncharted technological terrain and breakthrough innovation is featured

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Excerpt from Gadget -- "The study also considered the role of serendipity – exploring how long search paths, scientific reasoning or distant recombination might help inventors make the most of a chance discovery. 'Some inventions do seem to materialize out of thin air,' Kneeland said. 'But that’s not really a process you can encourage or teach.'
The paper was co-authored with Melissa Schilling of New York University’s Stern School of Business and Barak Aharonson of the Coller School of Management at Tel Aviv University.