Faculty News

In an op-ed, Professor Scott Galloway lays out a plan to help mitigate the effects of the coronavirus crisis

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Excerpt from Business Insider -- "COVID-19 has presented an opportunity to envision our lives when turned upside down, powder redistributed. We can start over. We hoard relationships and the accoutrements of a life others have fashioned for us. We often don't know any better, or don't have the confidence to draw outside the lines until we're older."
School News

Recent graduate Sami Abdisubhan (MBA '20) highlights how Stern’s commitment to experiential learning helped to better prepare him for the professional world; the School’s Consulting Lab: Branding and Innovation class is mentioned

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Excerpt from Clear Admit -- "One of the values of earning an MBA is exploration. Whether it’s exploring a new industry, function, city, or experience, there lies opportunity in an unusually supported manner when at business school. A subset of this value proposition is something NYU Stern’s Dean, Dean Raghu Sundaram, said to us on our first day of LAUNCH, Stern’s orientation: business school is the best time in your careers to fail. Despite the irony that I’m paraphrasing, this was a moment that I’ve cherished from orientation. There is no safer environment to professionally experiment than business school. The stakes will not be lower! This line from our Dean helped me get through an experiential learning class I took in my first year called Consulting Lab: Branding and Innovation."
Faculty News

Professor Viral Acharya is quoted in a story comparing government assistance programs for workers during the coronavirus pandemic in the U.S. and Europe

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Excerpt from U.S. News -- "Adds Acharya: 'It's possible this may not just be [a] phenomenon of three months.' Indeed, new estimates from the European Commission predicted the EU economy could shrink by 7.4% this year, compared to previous predictions of 1.2% growth."
School News

Stern's Fintech MBA specialization is spotlighted in a roundup of top b-school blockchain education offerings

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Excerpt from CryptoDaily -- "The Stern School of Business at NYU has been regularly ranked among the top 20 schools of business in the country. Blockchain technology has been made an integral part of its FinTech MBA program at this blockchain institute of technology. This specialization on Blockchain focuses on the impact of blockchain technology on investment and financial world and helps the students to influence international finance, investment banking, etc. and provides with the best blockchain certification and learn how to buy cryptocurrency."
Faculty News

Professor Nouriel Roubini shares his predictions for how the global economy will respond in the wake of the coronavirus crisis

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Excerpt from BBC -- "He warned of 'unprecedented' recession. Professor Roubini foresaw the financial crisis in 2008 before many others. 'During the global financial crisis it took about three years until output fell sharply' he told the BBC's Talking Asia programme from his home in New York."
Graduation

Undergraduate Class of 2020 Virtual Celebration

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Tune in for a virtual celebration on Friday, May 22, 2020 at 10:00am (ET), and stay tuned on the graduation site for future plans to celebrate in-person.
Faculty News

Professor Robert Seamans' recent comments on how to effectively reduce the digital divide are mentioned

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Excerpt from Forbes -- "As with any policy debate, there are also areas of disagreement. For example, public interest advocates seek a greater role for municipal broadband; industry naturally pushes back on the notion of competing against entities that are not maximizing profits. Although there are competing proposals for attacking the problem—fellow Bytes contributor Rob Seamans offered some suggestions in a recent column—one can start to see the contours of a solution to what has been up until now an intractable issue."
Faculty News

Professor Allen Adamson is quoted in a story exploring how Jet.com prepared Walmart for the coronavirus pandemic

Excerpt from Adweek -- "Additionally, Allen Adamson, founder of marketing firm Metaforce and adjunct professor at New York University’s Stern School of Business, said acquisitions are sometimes used as catalysts to “get your own people to move faster” and the internal competition between Walmart and Jet staffers could have forced each team to work harder."
Faculty News

Professor Arun Sundararajan highlights how the COVID-19 pandemic has accelerated the inevitable phase in the evolution of ride hailing in which companies would rely less on aggressive discounting and prices would go up

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Excerpt from Quartz -- “'It’s a phase in the evolution of ride hailing that we expected to see at some point, where [ride-hailing companies] would rely less on aggressive discounting and prices would go up,' says Arun Sundararajan, a professor at New York University’s Stern School of Business who focuses on the sharing economy. 'We would have reached a point where prices were in line with what people are willing to pay for a higher quality product—we’re just reaching that point faster.'"
Faculty News

Key takeaways from Professor Jonathan Haidt's moral foundations theory are highlighted

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Excerpt from The New York Times -- "The opposition among conservative Republicans to the lockdown — designed to protect American from contact with the coronavirus — presents an interesting corollary to the moral foundations theory developed by Jonathan Haidt of N.Y.U. and Jesse Graham of the University of Utah. In essence, the theory posits that conservatives are more preoccupied with notions of purity and disgust than liberals."
Faculty News

Professor Haran Segram notes that Ensign Peak Advisors seems to be making new investments in companies with strong cash flows and prospects to increase those flows

Excerpt from Salt Lake Tribune -- "The first observation is they moved to something called ‘stay-at-home stocks,’ said Haran Segram, a clinical assistant professor of finance at New York University’s Stern School of Business. Segram, who teaches a course in the valuation of stocks, defines that term as companies consumers will keep using or use more often while social isolating."
Faculty News

Professor Tensie Whelan explains how the coronavirus crisis has highlighted the growing consumer concern around the health and safety of frontline workers amid a pandemic

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Excerpt from Marketing Dive -- "'That kind of public statement is rare, but it does happen when you have somebody who has strong moral convictions, sees things going wrong and knows that, in their position, they can make a fuss about it,' Tensie Whelan, director of the NYU Stern Center for Sustainable Business, said in a phone interview."
Faculty News

Professor Thomai Serdari discusses why e-commerce is not a guarantee of a seamless shopping experience

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Excerpt from Retail Dive -- "'With a few years of experience in buying online and several painful experiences of having to return the product, consumers realize that e-commerce is not a guarantee of seamless shopping,' said Thomai Serdari, a marketing and branding professor at New York University's Stern School of Business, and author of the forthcoming book 'Rethinking Luxury Fashion: The Role of Cultural Intelligence in Creative Strategy.'"
Faculty News

In a video interview, Professor Viral Acharya discusses the fallout of the coronavirus epidemic

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Excerpt from Global Finance Magazine -- "Viral V. Acharya, C.V. Starr Professor of Economics at New York University’s Stern School of Business and a former deputy governor of the Reserve Bank of India, speaks with Global Finance about the fallout of the coronavirus epidemic."
Faculty News

Center for Business and Human Rights Deputy Director Paul Barrett warns that while many social media sites are more aggressive trying to stem the flow of misinformation during the coronavirus crisis, they simply cannot catch everything

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Excerpt from Newsy -- "'The platforms are taking the initiative and being more aggressive generally in how they approach the coronavirus crisis,' said Paul Barrett, deputy director of New York University's Stern Center for Business and Human Rights and author of several studies on disinformation. 'I think there's a lot of evidence of a lot of goodwill and a lot of energy being invested here, but they can't get everything.'"
Faculty News

In a co-authored op-ed, Professors Michael North and Batia Wiesenfeld offer three solutions to prevent COVID-19 from creating an irreversible generational divide

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Excerpt from Newsweek -- "This pandemic is a watershed event for America. How we collectively manage the coming months will determine whether we will further polarize along generational lines or emerge a truly multi-generational society. Let's choose the latter. #InThisTogether"
School News

Stern's Graduate Class of 2020 Celebration is included in a P&Q roundup

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Excerpt from Poets & Quants -- "Many schools are making the most of it, pulling together pre-recorded video segments and surprise elements that have made commencement for the Class of 2020 more memorable than ever.
 
Faculty News

Professor Michael Spence is quoted in an article exploring whether global institutional infrastructure needs major reform to cope with challenges posed by the coronavirus pandemic

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Excerpt from China Daily -- "Michael Spence, professor of economics at New York University’s Stern School of Business and a Nobel Prize winner for economics, said there would have to be substantial input from China if the system was to be reformed. 'If it happens, China will have to play a major role. If China is left out, it won’t work — just like if the US or Europe were not there,' he said."
Press Releases

Endless Frontier Labs at New York University’s Stern School of Business Graduates its 2019-2020 Cohort of Startups

NYU Stern campus
Endless Frontier Labs (EFL), a program for early-stage science and technology-based startups at New York University Stern School of Business, graduated its 2019-2020 cohort of startups, concluding its nine-month program.  The EFL application for the 2020-2021 cycle is now open until 9 PM (ET), Friday, August 21, 2020.  Founders of life sciences and deep technology startups at an early stage (pre-Series A financing) are encouraged to apply to the 2020-2021 program cycle.
Faculty News

Professor Edward Altman predicts that 8% of all firms whose debt is rated speculative grade will default in the next 12 months

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Excerpt from The Economist -- "Edward Altman of nyu Stern Business School reckons that about 8% of all firms whose debt is rated speculative grade (about 1,900 in all) will default in the next 12 months. This figure could reach 20% over two years. He expects at least 165 large firms, those with more than $100m in liabilities, to go bankrupt by the end of 2020."
Faculty News

Center for Business and Human Rights Deputy Director Paul Barrett explains why misinformation on Instagram often takes the form of memes and other images that are harder for the company’s systems to detect

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Excerpt from Yahoo Finance -- "The problem, according to those who study it, is that misinformation on Instagram often takes the form of memes and other images that are harder for the company’s systems to detect and can be more difficult for the company’s human reviewers to parse. And while Instagram is building out new systems to address this, images can be a much more effective conduit for bad actors, says Paul Barrett, the deputy director of NYU's Stern Center for Business and Human Rights."
Faculty News

Professor Allen Adamson discusses the uncertain future for the fitness industry amid the COVID-19 pandemic

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Excerpt from Pix11 -- “'I think you can look at Amazon as an indication of the future,' said Allen Adamson, NYU Stern School of Business. 'They were selling books online and book sellers didn’t taken the seriously… People looked at Peloton as a niche and it’s going to become far more mainstream preeminently after this event.'”
Faculty News

New research from Professor Arpit Gupta examining the role of demographic differences in mobility in explaining disparities in COVID-19 outcomes in New York City is spotlighted

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Excerpt from The New York Times -- "The first of these two estimates is from a working paper by Arpit Gupta and Joshua Coven of New York University, who used smartphone location data to measure disparities and mobility patterns among New York City residents from March 2 to March 27."