Faculty News

Professor Arun Sundararajan is quoted in a feature story on New York City's recent legislation restricting the operation of sharing economy platforms

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Excerpt from The Guardian -- "New York’s approach is one of the harshest, said NYU professor of business Arun Sundararajan. 'We have among the most restrictive Airbnb laws, and I think it will hurt the city in the long term,' he said."
Faculty News

Professor Adam Alter is interviewed for a trend story on mitigating addictive technology, from his book, "Irresistible"

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Excerpt from Medium -- “I try to put my phone on airplane mode on weekends so I can take photos of my two young kids without interruptions from emails and other needy platforms.”
 
Faculty News

In a live interview at the Jackson Hole Economic Policy Symposium, Professor Thomas Philippon explains takeaways from his research on corporate investment

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Excerpt from Bloomberg -- "The way a good firm translates to a good economy is that the good firm should hire and invest more and the issue we have seen is that these firms are great, they are productive and they are making lots of money, but they don't invest and hire as much as they should and as much as other successful firms did in the past. So that's the missing link between this efficient firm and this relatively inefficient economy."
School News

Research on measuring companies' social performance, co-authored by Center for Business and Human Rights Sani Fellow Casey O'Connor, is referenced

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Excerpt from the New York Law Journal -- "A 2017 report from NYU’s Stern School of Business evaluated 12 leading ESG measurement frameworks—including the UN Guiding Principles Reporting Framework, Bloomberg Social indicators, and the Corporate Human Rights Benchmark—which issue rankings, reports, or certifications for particular companies based on ESG metrics. The report found that for all twelve frameworks, more than half of the social impact indicators focused more on a company’s efforts than the impact of its those efforts."
Faculty News

Professor April Klein's research on the effectiveness of independent audit committees is featured

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Excerpt from The CPA Journal -- "A report on research into the effect of audit committees in the March 2018 CPA Journal (April Klein, 'Questioning the Effectiveness of Independent Audit Committees: Does the Current Regulatory Regime Improve Reporting Quality?' http://bit.ly/2LFI6mg) describes measuring various market and other effects of the audit committee and finding none..."
Faculty News

Professor Scott Galloway's viewpoint on Apple's investment in its retail stores is mentioned

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Excerpt from the Financial Times -- "Scott Galloway, professor of marketing at the New York University Stern School of Business, claims Apple’s decision to invest in high-end stores remains one of the group’s most revolutionary and successful ideas."
Faculty News

In a Q&A interview, Professor Robert Engle discusses global trade and volatility

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Excerpt from La República -- "The end of the volatility low in February 2018 was mainly due to the increase in interest rates in the US. but this effect would not have produced a prolonged period of high volatility, which is why I believe that Trump's trade policies have been an important cause."
School News

In a trend story on accounting offerings at business schools, Professor Alex Dontoh highlights Stern's emphasis on the intersection of accounting and technology

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Excerpt from U.S. News & World Report -- "Alex Dontoh, an accounting professor and director of the master of science in accounting program at New York University's Stern School of Business, says that a first-rate, graduate-level accounting curriculum should include technological training. He says that lessons on data tools like Python, XBRL and SQL are vital. He also says that knowledge of digital ledger technology, the global accounting network that allows for the transaction of digital currencies like bitcoin, commonly known as blockchain, is necessary. 'Our graduate accounting offerings have incorporated aspects of these technologies in the curriculum to better prepare our MBA and M.S. in Accounting students,' Dontoh said via email."
Faculty News

Professor Alixandra Barasch is interviewed about her photo sharing research

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Excerpt from CyclingTips -- "Professor Barasch says that intent is critical. And bad news if you’re fixated on capturing something ‘Insta-worthy’. 'When people are thinking about getting the best photo for Instagram or Facebook, to get likes, to think about how they’ll be evaluated … this creates anxiety, fear of getting the perfect image.'"
Faculty News

Professor Arun Sundararajan is quoted in an article about health insurance options for the independent workforce

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Excerpt from Entrepreneur -- "'While there are a number of ways in which independent workers can potentially replicate the benefits that full-time workers have, the challenge is often bandwidth and the ability to have the right options placed in front of you,' Sundararajan says."
Faculty News

Professor Jeffrey Carr discusses how Pulse, a community data startup, might fill a data void left by social media platforms

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Excerpt from Inc. -- "'They know what website you're on. They're observing your behaviors,' Carr says.'[What's needed] is explanations of why people are doing these things. What's in people's hearts and minds?'"
School News

Stern MBA students' work with the CFDA + LEXUS FASHION* INITIATIVE and alumna Abrima Erwiah (BS ‘02) through the Stern Solutions Sustainability for Competitive Advantage course, led by Professor Tensie Whelan, is featured

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Excerpt from Whitewall Magazine -- "The Fashion* Initiative encompasses education, mentorship, collaboration, and community. Designers participating in the Fashion* Initiative had the opportunity to partake in a series of sustainability-focused workshops with experts in the field, a trip to the Copenhagen Fashion Summit, and to engage and problem-solve through education via a live case study, with MBA team support, led by the NYU Stern Center for Sustainable Business through the 'Sustainability for Competitive Advantage' course."
Faculty News

In a Q&A, Professor Anat Lechner offers advice for managers on avoiding overload and fostering mental health in the workplace

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Excerpt from The New York Times -- "'When you are talking to someone who is overburdened, become a sounding board for what needs to be renegotiated,' she added. 'It gives the other person the space to think about the boundaries of the work that was assigned and what can be renegotiated.' Maybe they need more time? Or more resources? Listen and help them find out."
Faculty News

Professor Theresa Kuchler's joint research on debt repayment is featured

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Excerpt from MarketWatch -- "As for the analysis of ReadyForZero users, Kuchler and Pagel advised removing one variable from the equation: temptation. 'Allow consumers to select a certain amount to be deducted from their regular paycheck to be put towards debt repayment, and to make it costly or complicated to change this selection,' they wrote."
Faculty News

Professor Kim Schoenholtz highlights the opportunities and challenges related to serving underbanked customers

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Excerpt from TIME -- "'There are lots of reasons why being able to save matters. Being able to have a deposit account that doesn’t cost very much, gives them access to their funds and allows them to cash checks and wages they receive or government transfers — all of that is really valuable and it improves people’s lives,' said Kim Schoenholtz, a professor of financial institutions and markets at New York University. 'Postal banking is one way of delivering that, but it’s certainly not the only way of delivering it.'"
School News

Professor Kristen Sosulski and MBA student Ayush Shah are interviewed in a trend story about nontraditional career paths for MBA graduates

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Except from U.S. News & World Report -- "Kristen Sosulski, a clinical associate professor of information, operations and management sciences at New York University's Stern School of Business, says that some skills taught at MBA programs are relevant throughout the business world. For instance, business schools teach students how to maximize a company's efficiency, which is a vital skill, regardless of the sector they enter, Sosulski says. ... 'Whatever a candidate's career aspirations are, they need to have a clear idea of what they would like to do after school and the self-awareness to understand what holes in their skill sets need plugging,' Shah wrote via email."
Faculty News

Professor Jeffrey Wurgler's joint research on the green bonds is featured

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Excerpt from Fortune -- "In April, four economists released a working paper that gave green-bond fans reason for optimism. They found that municipal bonds labeled 'green' paid six basis points (0.06%) less in yield than nongreen bonds—and that the effect doubled or tripled for bonds that took the extra step of being certified green. Bond yields fall when buyers drive up prices, so the lower yields suggest that demand for green bonds is stronger than the norm. On a typical muni bond, that could result in millions of dollars in savings on interest. Compared with those benefits, 'the cost of certifying a green bond is modest,' says coauthor Jeffrey Wurgler, a professor of finance at the NYU Stern School of Business, while borrower and investor alike 'get a green glow.'"
Faculty News

Professor Baruch Lev explains why he believes quarterly financial reports have lost their relevance

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Excerpt from Yahoo Finance -- "'The great benefit of moving to six months: you cut in half this craziness, which people call "the earnings game" in which managers try to game analyst forecasts,' Lev said. 'It’s a whole game with lots of effort [and] money lost by investors who react to changes in analyst forecasts for no purpose at all.'"
Faculty News

Professor and Vice Dean of MBA Programs JP Eggers is interviewed about Elon Musk’s controversial comments on his role as the CEO of Tesla

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Excerpt from CNBC -- "'We see this all the time with ... start-up founders or early leaders in these firms, where what they really want to do is do the vision, do the growth, build the ... reputation of the company. And when it comes to actually executing on the vision, they aren't always the best ones for that,' Eggers said Friday on 'Closing Bell.'"
 
Faculty News

Professor Panos Ipeirotis discusses concerns that bots are negatively impacting the survey quality of Amazon’s Mechanical Turk

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Excerpt from WIRED -- "'Most people are, by now, smart enough to deal with noise that comes from workers that do not pay attention, or from bots,' Ipeirotis says."
Faculty News

In an interview, Professor Aswath Damodaran explains the role short-selling plays in the stock market

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Excerpt from Nightly Business Report -- (9:45) "If you believe that something’s going to go up and you want to buy the stock and hold it, all the more power to you. By the same rationale, if you think something is overpriced, I think you should be able to bet against that investment. I think it's healthy for the market to have both optimists and pessimists in the room."
Faculty News

Professor Arun Sundararajan explains how Airbnb's popularity with teachers helps foster a sense of authenticity for the platform

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Excerpt from The Atlantic -- "'Highlighting the number of workers who are teachers can be a particularly effective way of advancing that narrative.' It helps humanize the companies. It emphasizes the message that these are safe alternatives to regular cabs and hotels—as Sundararajan puts it, 'If society trusts this person with our children, then I feel more comfortable sleeping in their bedroom.'"
School News

Simone Tandon (BS '19) shares takeaways from her Marketing & Insights internship at The New York Times

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Excerpt from The New York Times -- "One of the main projects I worked on was to evaluate how we market Cooking advertisements to our clients. I had to understand how Cooking was being talked about on the consumer side and the business side. This project gave me the flexibility to explore the narrative around a media product, like Cooking, and how it differs depending on the target stakeholder. I was able to talk to several employees on the product, marketing, branding, tech and advertising side of Cooking — it was like a small start-up within The Times."
Faculty News

In an in-depth interview, Professor Richard Sylla shares insights on the history of interest rates

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Excerpt from Bloomberg -- "I think one of the main reasons for studying market history is that things that happened in the past tend to repeat themselves, things like financial crises, we had one recently, it was kind of unexpected because we haven't had one for a long time. But just studying the way the markets behaved in the past, there are ups and downs, you can learn a bit about market cycles. An investor needs to know where we are, sort of, in a market cycle because that's valuable information."