Faculty News

Faculty News

Prof. Aswath Damodaran on the current management of Facebook

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Excerpt from MSNBC -- “Right now you have a situation at Facebook where there’s a benevolent dictatorship, but my concern is they tend to become malevolent dictatorships, and that can hurt you when it comes to the pinch."
Student Club Events

2012 MBA Media & Entertainment Conference

The 2012 MBA Media & Entertainment Conference, co-hosted by NYU Stern’s Media, Entertainment and Sports Association (MESA), is a premiere event for MBA students focusing in the media, entertainment and technology industries. The conference will feature Netflix Co-Founder and CEO Reed Hastings as one of the keynote speakers, along with a variety of panel discussions and networking opportunities.
Research Center Events

Eighth Annual Penn/NYU Conference on Law and Finance

The Penn/NYU Conference, considered the premier annual conference on law and finance, is jointly sponsored by NYU’s Pollack Center for Law & Business, Wharton’s Financial Institutions Center and the University of Pennsylvania’s Institute for Law and Economics. Faculty from top business and law schools will convene at the University of Pennsylvania Law School to hear colleagues present research at the intersection of law and finance. Speakers and moderators include Pollack Center Director William T. Allen and NYU Stern Professors Yakov Amihud, Stephen Brown and David Yermack.
Faculty News

Prof. Sinan Aral will discuss social networks at the NYC Re-working conference on 2/24

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Excerpt from Forbes -- "NYU’s Sinan Aral will close the day with a discussion about social network analysis and what it reveals about how we really work. Yes, Twitter and Facebook are changing the way you turn up at your desk."
Faculty News

An interview with Prof. Thomas Cooley on the European economy

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Excerpt from Bloomberg -- "I think there are still big dangers lurking in the euro system and European economies. Making progress on the Greece restructuring is definitely a good thing, but the progress has been very slow."
Student Club Events

Stern Africa Forum

The Inaugural Stern Africa Forum (SAF), co-hosted by student organization Stern in Africa (SIA) and NYU Africa House, will bring together top African business thinkers, innovators and executives to discuss the trends driving economic development and growth on the African continent. Themed "Redefining Africa: Innovative Business and Frontier investments in Emerging Africa," SAF  will focus on the innovative business practices and ventures fueling the progress and potential of Africa’s emerging economies.
School News

Prof. Aswath Damodaran is cited for using new technologies for teaching

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Excerpt from CNBC -- "At New York University’s Stern School of Business in Manhattan, the 400 grad students in professor Aswath Damodaran’s corporate finance class use CourseKit to chat with him and their fellow students, post articles and share notes under the professors guiding hand."
Faculty News

Prof. Claudine Gartenberg's research on credit cards is featured

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Excerpt from The New York Times -- "So making the recommended 36-month [credit card] payment wouldn’t get the customer out of debt in three years, even if the customer makes no new purchases, [Gartenberg] said. In fact, it’s likely to take much longer."
Faculty News

Prof. Gian Luca Clementi on comparing GDPs across countries

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Excerpt from Forbes -- "'The numbers must be taken with a grain of salt.' That’s because there are a host of issues that can make any GDP comparisons misleading, including how the quality of goods varies from country to country, he explains."
Faculty News

Prof. Arun Sundararajan on Hewlett Packard

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Excerpt from BBC -- "HP is one of those iconic American companies. It still has a really strong brand, it's one of those quintessential Silicon Valley startups from a garage. It's been around for over 70 years, so there's a lot of history there."
Faculty News

Prof. Thomas Philippon on the the financial sector's costs to society

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Excerpt from The New York Times -- "Professor Thomas Philippon of New York University has found that the financial sector’s costs to society have risen, not fallen, in recent decades."
Faculty News

Prof. Samuel Craig on companies profiting from dead celebrities

Excerpt from Bloomberg Businessweek -- "Rule No. 1, however, is never, ever price gouge. 'You don’t want to be viewed as taking advantage of a tragic situation,' Craig says."
Faculty News

Prof. William Silber on the Volcker Rule

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Excerpt from The Wall Street Journal -- "'The longer you hold [a security], the greater the probability that what you are doing is speculation,' argues William Silber, a former trader who teaches finance at the Stern School of Business of New York University and has written a soon-to-be-published biography of Mr. Volcker."
Faculty News

Faculty News

An op-ed by Prof. Jonathan Haidt on how democrats can get moral psychology to work in their favor

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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

Prof. Samuel Craig on how young people and older generations differ in their use of technology

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

Prof. Jeffrey Wurgler is highlighted for his research on index funds

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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

"Guaranteed to Fail" by NYU Stern Faculty is named a Top Business Book

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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

Prof. Adam Alter's research finds having an easy-to-pronounce name can help you succeed

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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

Prof. Lawrence White on credit rating downgrades

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

An op-ed by Nobel Laureate Prof. Michael Spence on changing the growth model

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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

Nobel Laureate Prof. Michael Spence on the US political system

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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

In an op-ed, Prof. Nouriel Roubini identifies four downside risks likely to materialize this year

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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

Prof. Lawrence White on large companies holding onto cash

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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."