Faculty News
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Prof. Anindya Ghose on financial advisors’ use of social media

Excerpt from FundFire (A Financial Times Service) -- "A way that financial advisors can build trust is by focusing their social media efforts on 'allowing people to get to know them,' according to Anindya Ghose..."
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Prof. Aswath Damodaran on Facebook's falling stock price

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Excerpt from The New York Times Dealbook -- "'As with most other young growth stocks, no one really knows Facebook’s value,' said Aswath Damodaran, a professor of finance at the New York University Stern School of Business. 'That means people can overreact in both directions.'"
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Faculty News
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An interview with Prof. Nicholas Economides on opportunities in the Greek economy

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Excerpt from Seeking Alpha -- "For some time, investors have been waiting to see decisive actions being taken by the government. As soon as such actions are taken, I think a lot of entrepreneurs will see Greece as being the right place to invest."
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Faculty News
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Prof. Thomas Cooley's data on the euro zone countries' economies are featured

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Excerpt from The New York Times -- "With the exception of Germany, none of Europe’s biggest economies have returned to the level of economic output they had at the beginning of 2008, before the subprime mortgage crisis in the United States spread across the Atlantic, according to calculations by two U.S. economists, Peter Rupert and Thomas F. Cooley."
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Faculty News
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An op-ed by Prof. Nouriel Roubini on the future of the euro zone

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Excerpt from Project Syndicate -- "Whether the eurozone is viable or not remains an open question. But what if a breakup can only be postponed, not avoided? If so, delaying the inevitable would merely make the endgame worse – much worse."
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Faculty News
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An op-ed by Prof. Michael Spence on government paralysis in the face of economic challenges

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Excerpt from Project Syndicate -- "The negative effects of these problems are now interacting, feeding back on themselves, and spreading to the rest of the global economy. And yet, despite a palpable sense of concern that something is very wrong, the prognosis for significant change is bleak – and deteriorating. What accounts for the apparent lack of effective policy action across a broad range of countries and regions?"
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Faculty News
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Prof. Sinan Aral & Dylan Walker's new method of measuring influence on social networks is featured

Excerpt from The Vancouver Sun -- "Lady Gaga may hold the record for Twitter followers – 28 million and counting – but that doesn’t make her social media’s top tastemaker, according to a groundbreaking study that turns everything we know about Internet contagion on its head."
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School News
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An op-ed by NYU Life Trustee & Chairman Emeritus Overseer Henry Kaufman on financial concentration

Excerpt from The Globalist -- "As a result of all these moves (before the crisis, during the crisis and afterwards), a very high proportion of U.S. financial assets are now held by a mere handful of conglomerates. And they are the ones deemed "too big to fail." Smaller firms operate ever more on the margins and hold only a declining share of financial assets."
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Faculty News
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Prof. Vicki Morwitz on the Consumer Financial Protection Bureau's regulations

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Excerpt from Reuters -- "While open to a certain level of interpretation, the guidance on 'unfair' and 'deceptive' practices should be clear enough for the insititutions."
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Faculty News
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Prof. Hal Hershfield on the Ad Council’s campaign to promote dental health among children

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Excerpt from The New York Times -- "Hal E. Hershfield, an assistant professor of marketing at the Stern School of Business at New York University, said the campaign would be more effective if it offered more than 14 videos..."
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Faculty News
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An op-ed by Prof. Roy Smith on Barclays' strategic dilemma

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Excerpt from Financial News -- "The board’s new leadership team will, most importantly, have to decide the future course of the bank – to stick with Diamond’s strategy, or pull back to a less risky, less prominent role."
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Faculty News
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Prof. Anindya Ghose on changes consumers face in a digital era

Excerpt from SmartMoney -- "The good news, says Anindya Ghose, co-director of the Center for Digital Economy Research at the NYU Stern School of Business, is that savvy citizens are already using the digital era's overwhelming supply of data to their benefit -- finding better deals, unearthing smarter investments and holding companies accountable."
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Faculty News
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An interview with Prof. Nouriel Roubini on threats to the global economy

Excerpt from Bloomberg Businessweek -- "The underlying economic forces are partially independent of policy choices. I don’t think that if [John] McCain had been elected, the economy would be any better than it is today."
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Research Center Events
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Academics Convene for 2012 International Society for Utilitarian Studies (ISUS) Conference

More than 100 scholars from around the world gathered at NYU Stern for the 2012 International Society for Utilitarian Studies (ISUS) conference themed, “Utilitarianism: Exploring the Past, Looking to the Future.” Sponsored by NYU Stern, with generous support from the Citi Foundation and Daniel & Nancy Paduano, the ISUS conference featured discussions and research on utilitarianism and its historical development, as well as its present-day relevance in such fields as ethics, politics, law, economics and public policy.

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Press Releases
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NYU Stern Study Shows the Benefits of Status over Power to Cultivate Fair Managers

Does focusing managers on the power they wield give rise to bad management? According to new research from professors at NYU Stern and Cornell, managers who have a heightened sense of their power treat others less fairly compared to individuals who see themselves as less powerful. But when it comes to self-perceptions of status, the roles reverse.
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Faculty News
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Prof. Stijn Van Nieuwerburgh on increased bank profits coinciding with low mortgage interest rates

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Excerpt from The New York Times Dealbook -- "'Fewer players in the mortgage origination business means higher profit margins for the remaining ones,' said Stijn Van Nieuwerburgh, director of the Center for Real Estate Finance Research at New York University."
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Faculty News
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Prof. William Silber's forthcoming book, "Volcker: The Triumph of Persistence," is on award longlist

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Excerpt from Financial Times -- "William Silber’s forthcoming biography of former Federal Reserve chairman Paul Volcker sits alongside Walter Isaacson’s life of the late Apple chief executive Steve Jobs."
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Faculty News
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Prof. Gian Luca Clementi on Italy’s economic outlook

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Excerpt from Xinhua -- "In the next 3 months, given the amount of refinancing that the central government needs, if they keep on borrowing at this rate, the spreads are going to grow further and further and the country is going to ask, as it happened to other countries before, for the help of the IMF."
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Faculty News
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Prof. Jeffrey Wurgler's research on dividend signaling is featured

Excerpt from HBS Working Knowledge -- "We outline a dividend signaling approach in which rational managers signal firm strength to investors who are loss averse to reductions in dividends relative to the reference point set by prior dividends."
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Faculty News
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Prof. Paul Wachtel & co-author discuss their recent paper on financial imbalances in the US economy

Excerpt from EconoMonitor -- "In our new paper — 'The Making of America’s Imbalances' — we examine the evolution of sectoral financial balances in the US economy in the past 50 years using the Flow of Funds accounts. Specifically, we look at the changes in the financing flows among the different sectors of the US economy – households, business, government and the rest of the world."
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Faculty News
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Prof. Jeffrey Carr on the nascent technology boom in Queens, NY

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Excerpt from The Wall Street Journal -- "It just is a bit of a struggle in the beginning to get enough out there where it starts to have a feel and starts to attract more people."
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Faculty News
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Prof. Adam Alter's research on exceptional expenses is highlighted

Excerpt from MSN Money -- "'Though every month contains a few (such expenses), none is ever budgeted for. In isolation, each expense seems exceptional . . . but in aggregate these expenses occur frequently enough that they put a large dent in an otherwise carefully monitored budget,' writes researcher Adam Alter..."
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Faculty News
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Prof. Dolly Chugh's research on timing and discrimination is featured

Excerpt from The Economist -- "The researchers set up an experiment in which made-up “prospective students” e-mailed 6,548 professors to set up a meeting. The researchers sought to answer a simple question: could something as small as the timing of a meeting increase discrimination against minorities and women?"
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Faculty News
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Prof. Roy Smith on Knight Capital's rescue

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Excerpt from Forbes -- "'This is the way the way things should work in this kind of situation. It was a free market solution to a free market problem,' says Roy Smith, a finance professor at NYU Stern."
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Faculty News
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An op-ed by Research Scholar Robert Frank on the relationship between luck and success

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Excerpt from The New York Times -- "Of course, we should keep celebrating the talented, hard-working people who have succeeded in their businesses or careers. But the research provides an important moral lesson: that these people might also do well to remain more humbly mindful of their own good fortune."
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