Graduation

2018 Graduate Convocation

NYU Stern graduates
The Leonard N. Stern School of Business Graduate Convocation Ceremony took place on Friday, May 18, 2018 at the Theater at Madison Square Garden.
Faculty News

Professor Tülin Erdem evaluates major brands' apology campaigns

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Excerpt from CNNMoney -- "Tulin Erdem, a professor of marketing at NYU's Stern business school, said she likes the Facebook ad more than the others. There's 'more of an emotional appeal there,' she said. 'I think it's more effective.'"
Faculty News

Professor David Yermack is interviewed about the demand for knowledge of blockchain and cryptocurrencies in the job market

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Excerpt from CNBC -- "'Students are trying to have relevant skills for the job market,' Yermack said. 'You would take a risk not studying this.'"
Faculty News

Professor Melissa Schilling discusses common characteristics of successful start-up CEOs; her book, "Quirky" is also referenced

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Excerpt from CNBC -- "Schilling, who has spent over 17 years researching tech innovation and collaboration strategies, adds that 'the prestige of the schools ensures that they have their pick of applicants, so their students tend to be strong and well-connected even before they arrive on campus.' Lastly, 'the social networks among students, alumni, corporate contacts and investors at these schools are exceptional because of the history,' Schilling says."
Faculty News

Professor Michael Spence is interviewed about US treasury yields and global systemic risk

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Excerpt from Bloomberg -- "The world has become much more data-dense...so we basically, in the data now, see a lot more than we used to before so there is less guesswork involved. That's an important long-term trend. The thing it seems to me that you don't see in the data is the potential for rising systemic risk associated with trade frictions and other things..."
Faculty News

Research from the NYU Pollack Center for Law & Business, analyzing data from the Securities Enforcement Empirical Database (SEED) on SEC settlements with public companies, is featured

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Excerpt from The Wall Street Journal -- "Limits on the SEC’s ability to obtain disgorgement could help explain the decline in its enforcement results—as measured by the penalties that firms pay to settle regulatory investigations. The SEC obtained fines against public companies totaling $65 million during the first half of 2018, the lowest amount since at least 2009, according to Cornerstone Research, an economic consulting firm."
Faculty News

Professor Aswath Damodaran's work on equity risk premiums is referenced

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Excerpt from Bloomberg View -- "For instance, Hyundai uses 11.38 percent, the country risk premium for Korea as calculated by Bloomberg, which uses inputs such as sell-side analysts’ often-optimistic forecasts for equities. That’s far higher than risk-premium estimates of valuation guru Aswath Damodaran, a finance professor at New York University."
School News

Assistant Dean of Career Services Beth Briggs discusses MBA career trends, the growing interest in careers in tech and the top skills employers are seeking

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Excerpt from BusinessBecause -- "According to Beth, there's a significant overlap between the Stern's much-touted finance strengths and the roles ultimately filled in the tech market. 'Students are able to find the right kind of functional role within the tech industry because there's enough space in the tech industry for students to be able to not only find the company but also the role that's the right fit for them,' she remarks."
Faculty News

Professor Robert Whitelaw is quoted in a feature story on organizations with investments in fossil fuels

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Excerpt from NBC News -- "'Those funds are set up to last you know up to, say, 10 years, and those are going to be extremely difficult to divest from and maybe even costly,' said NYU professor of entrepreneurial finance Robert Whitelaw."
School News

​​TRIUM Global Executive MBA alumnae Olatowun Candide-Johnson (TRIUM '16), Leesa Soulodre (TRIUM '14) and Elisha London (TRIUM '17) share how the program shaped their careers as female business leaders

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Excerpt from BusinessBecause -- "The TRIUM Global Executive MBA program—ranked among the top five EMBA programs in the world by the Financial Times in 2017—is also leading the charge, developing the next generation of female business leaders. The joint program between London School Economics (LSE), NYU Stern, and HEC Paris takes students to London, California, Paris, New York, and Shanghai."
Press Releases

SEC Enforcement Actions against Public Companies Continue Sharp Decline

Henry Kaufman Management Center
U.S. Securities and Exchange Commission enforcement actions against public companies and their subsidiaries continued their downward trend through the first half of the 2018 fiscal year. SEC enforcement activity is on pace to reach the lowest level since 2013, according to a report released today by the NYU Pollack Center for Law & Business and Cornerstone Research.
Faculty News

Professor Itamar Drechsler's joint research on asset pricing is referenced

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Excerpt from ETF.com -- "In addition, Itamar Drechsler and Qingyi Drechsler, authors of the July 2014 study 'The Shorting Premium and Asset Pricing Anomalies,' found that about one-quarter of 'on special' stocks migrate into lower-cost buckets each month. In other words, underperformance tends to be fleeting."
Faculty News

Professor Christine Cuny and PhD candidate Svenja Dube's joint research on the impact of disclosure quality on the cost of municipal debt is featured

Excerpt from The Bond Buyer -- "In their research, presented at Brooking’s July 2017 Municipal Finance Conference, Cuny and Dube examined the relation between disclosure choice, changes in issuer credit ratings, and adverse local housing conditions. The 'results suggest that disclosure quality can lower the cost of debt by attenuating the impact of negative economic outcomes,' they said."
 
Faculty News

In an op-ed, Professor Michelle Greenwald shares insights from the Google Clips Camera development team

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Excerpt from Forbes -- "I was thrilled to recently discover what I consider a gold standard process by the Google Clips Camera development team. Key leaders of the development team Juston Payne, a former superstar MBA student from NYU Stern, who is product manager on the project, and Eva Snee, the UX (user experience) researcher, described what led to the new version, launched this past Friday."
 
Faculty News

Professor Ingo Walter is interviewed for a feature story on Wall Street's history and evolution

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Excerpt from Bloomberg -- "'The closeness [of financial firms] helped information flows—it was very efficient,' said Walter, who is the Seymour Milstein chair of finance and corporate governance at New York University’s Stern School of Business. 'Even after hours in the bars. Lots of information passed between people.'"
School News

Undergraduate Student Aex Grieco shares what she loves most about attending Stern

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Excerpt from Forbes -- "I love a lot of things about Stern, but I would have to say that my top three favorite things are: the study-abroad program, being surrounded by so many driven and hardworking people, and, of course, living in and experiencing New York City! Thanks to Stern, I have been able to study abroad in Florence, Italy, intern at a luxury cosmetics brand in New York City, and meet so many students and professors, both in and out of the classroom, who are diverse in thought and background."
Faculty News

Professor Scott Galloway explains why Facebook should be subject to regulation

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Excerpt from CNBC -- "'Just as big tobacco was never able to make the connection between tobacco and cancer, and the NRA can't make the connection between gun sales and mass shootings, Facebook will never make the connection between the lack of safeguards and the risk to the commonwealth,' Galloway said Friday on CNBC's 'Squawk Alley.'"
School News

Stern's inaugural focused Andre Koo Tech MBA and Fashion & Luxury MBA classes are featured, including quotes from incoming students Nicole Imbriaco (MBA '19) and Christian Trautwein (MBA '19) about their career goals

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Excerpt from Clear Admit -- "Imbriaco believes the Andre Koo Tech MBA will give her a skill set that she can apply to a variety of industries. She hopes upon completing the program to use 'the combination of business, analytics, and technology-focused skills to contribute towards making a difference in the fields of cancer research,' she said. ... Trautwein was attracted to the [Fashion & Luxury] one-year MBA program by the 'promise & opportunity' it offers to graduates. NYU’s proximity to the fashion industry was also a draw. 'My desire to build a fashion brand paired perfectly with the robust program NYU Stern has built,' he said."
 
Faculty News

Professor Robert Seamans discusses the Trump administration's plans to fund AI research and development

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Excerpt from the Associated Press -- "'It’s been a huge missed opportunity up until this point,' said Robert Seamans, a White House economist during the Obama administration who now teaches at the NYU Stern School of Business."
Research Center Events

Creative Destruction Lab-New York City at TechDay

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On Thursday, May 10, join representatives from NYU Stern’s Creative Destruction Lab-New York City at TechDay, the largest startup event in the US. 
School News

NYU Stern’s Eighth Annual Faculty Excellence Dinner

NYU Stern faculty and guests gathered on to celebrate the School’s community of scholars and to recognize excellence in research and scholarship, excellence in teaching, excellence in mentorship, excellence in influence and excellence in innovation on May 9.
Faculty News

Professor Jeffrey Wurgler's joint research on the impact of investor sentiment is featured

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Excerpt from ETF.com -- "Over roughly the last decade, researchers have explored investor sentiment’s impact on markets. Malcolm Baker and Jeffrey Wurgler have even constructed an investor sentiment index based on six metrics: trading volume as measured by NYSE turnover; the dividend premium (the difference between the average market-to-book ratio of dividend-payers and non-payers); the closed-end fund discount; number of IPOs; first-day returns on IPOs; and the equity share in new issues."
Faculty News

Professor Arun Sundararajan is interviewed for a feature story on whether Airbnb has impacted New York City rents

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Excerpt from Fast Company -- "'You’ll find that only a very small fraction of current Airbnb listings could potentially be units that have been taken off the market,' says Arun Sundararajan, professor at NYU’s Stern Business School and one of the researchers on the study. 'They’re not going to take over large swaths of long-term housing because there’s just not enough demand for that.'"