Experience Stern | News & Events

The Society for Financial Econometrics (SoFiE), an international society founded by NYU Stern Nobel Laureate Professor Robert Engle and University of North Carolina Professor Eric Ghysels and housed within Stern's Volatility Institute, held its second annual conference and inaugural European conference in Geneva, Switzerland this June.

On June 8, 2009, NYU Stern Professor of Finance Viral Acharya, along with his colleagues Raghuram Rajan from Chicago Booth and Stewart Myers from MIT Sloan, received the III Jaime Fernández de Araoz Corporate Finance Award for their paper, “The Internal Governance of Firms.”

On June 4, 2009, a group of twenty people comprised of senior business and law faculty and business practitioners (and including among their numbers a small contingent of former senior government officials) was jointly convened by The Aspen Institute and New York University with support from Ernst & Young to discuss responses to the current economic crisis and to explore the role of financial market regulations in fostering economic recovery and growth.

On June 4, 2009, a group of twenty people comprised of senior business and law faculty and business practitioners (and including among their numbers a small contingent of former senior government officials) was jointly convened by The Aspen Institute and New York University with support from Ernst & Young to discuss responses to the current economic crisis and to explore the role of financial market regulations in fostering economic recovery and growth.

On Wednesday, June 3, Lawrence White, Professor of Economics and Deputy Chair of the NYU Stern Economics Department, testified before the US House of Representatives Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, Committee on Financial Services.

Sinan Aral, NYU Stern Assistant Professor of Information, Operations and Management Sciences, has been recognized by the National Science Foundation (NSF) with its Faculty Early Career Development Award (CAREER). As part of this award, he will receive $475,000 to support his latest research.

NYU Stern announced that Eric Dinallo, Superintendent of the New York State Insurance Department, will join the faculty as the Henry Kaufman Visiting Professor of Finance. Dinallo will teach an MBA course in the Markets, Ethics and Law Program, beginning with the fall 2009 semester.

Having regulated CEO pay in firms that have received bailout money, the Obama administration is now in serious discussions about overhauling compensation practices across the entire financial services industry.

In their new research paper entitled, “An Empirical Analysis of Search Engine Advertising: Sponsored Search in Electronic Markets,” NYU Stern Professors Anindya Ghose and Sha Yang challenge the prevailing viewpoint that the topmost positions are always the most profitable ones for advertisers in search engine auctions.

Assistant Professor of Finance Thomas Philippon was one of two recipients of the "Best Young Economist" award, given every year by Le Cercle des economistes in partnership with the newspaper Le Monde Economie.

As advancements across network industries take shape and public policymakers race to keep up with today’s dynamic marketplace, a group of distinguished academics gathered this May at NYU Stern for the Sixth Annual NET Institute Conference.

As part of NYU Stern’s Berkley Center for Entrepreneurial Studies Himelberg Speaker Series, Facebook co-founder Chris Hughes recently spoke with a select group of entrepreneurs from Stern’s student, faculty and alumni communities.

The Stern Doctoral Office hosted its inaugural PhD Alumni Conference in May to bring together Stern PhD alumni, faculty and students in a day of reconnecting and engaging in new ideas.

The NYU Pollack Center for Law & Business, a joint initiative between NYU Stern School of Business and NYU School of Law, in May hosted its seventh annual Directors’ Institute, entitled, “Board Monitoring of Risk Management.”

NYU Stern Salomon Center, in partnership with Nasdaq OMX, recently hosted an all-day conference discussing the future of derivatives. New research in the area was presented by Stern faculty and faculty from other schools including Columbia Business School and UCLA.

These Stern faculty, along with many of their colleagues, developed 18 independent policy papers offering market-focused solutions to the financial crisis, which were published in the book "Restoring Financial Stability: How to Repair a Failed System."

With ailing U.S. automakers receiving government bailouts, the CEO Series on April 7 with Stefan Jacoby, President and Chief Executive Officer of Volkswagen of America, Inc., proved to be especially timely and of interest to the hundreds of NYU Stern students and alumni who attended to hear Jacoby speak.

On Friday April 3, 2009, Professor Engle will debut Stern’s new Volatility Lab, or “Vlab” for short, at the Volatility Institute’s inaugural conference. A new and independent tool to measure market risk, the Vlab calculates the volatility of the S&P 500, MSCI World Index, emerging markets, commodities, exchange rates and more every day. It also produces volatility forecasts up to a year in advance.

“When the economy sours and corporate bottom lines suffer, organizations must rely on employees more than ever to go beyond the call of duty,” says NYU Stern Professor Steve Blader. In two recent studies examining close to 1,000 employees, he and his colleagues explored how organizations can motivate workers.

NYU Stern hosted an event for alumni and the media to discuss the ideas in the book, "Restoring Financial Stability: How to Repair a Failed System," co-edited by Professors Viral Acharya and Matthew Richardson. The book is a compendium of 18 White Papers by 33 Stern faculty that take an objective look at the causes of the financial crisis and present solutions to repairing the system.

November 1 marked the beginning of an unprecedented collaboration among NYU Stern's leading finance and economic scholars. The goal was to harness the collective intellectual strength and expertise at the Stern School in order to influence policy—during and immediately following the transition to the Obama administration-as the repair of the failed financial system got underway. The result was a systematic approach to analyzing the numerous causes of the financial crisis, and to proposing financial policy alternatives and specific courses of action that aimed to restore the global financial and economic system.

Today, NYU Stern announced the launch of a new research center, the Volatility Institute, created under the leadership of the School’s Nobel Laureate Robert F. Engle, the Michael Armellino Professor of Finance at Stern.

"If we can create social businesses, we can end poverty in the world, and then we'll create poverty museums," explained 2006 Nobel Peace Prize Winner Muhammad Yunus to an audience of 400 in Schimmel Auditorium on January 27.

The third expert panel in a series of three entitled "Transition 2008: Advising America's Next President" with the Council on Foreign Relations, The Economist and NYU Stern convened to discuss US trade policy.

In publishing the first empirical evidence measuring the influence of the political views of states on the volume of buyout activity and outcomes of buyout transactions, NYU Stern Assistant Professor of Management Aviad Pe’er, with Oliver Gottschalg of HEC School of Management in Paris, found that Republican political views positively impact both the volume and performance of buyouts, while the Democratic political views have negative impacts.