Faculty News

Professor Richard Sylla's book, "A History of Interest Rates," is referenced

Bloomberg logo
Excerpt from Bloomberg -- "Sidney Homer and Richard Sylla, co-authors of the landmark 'History of Interest Rates,' noted that in the second half of the 19th century, the corporate debt of railroads tended to run to 50 or 100 years. One source concluded that two-thirds of all railroad debt issued in the 1890s ran 50 years or more."
Faculty News

Professor Arun Sundararajan is interviewed about the impact of the sharing economy on the future of work

Fortune logo
Excerpt from Fortune -- "I think the shift is fundamentally good for the following reasons: We're moving the role of the individual from being a provider of labor or talent in exchange for a wage from the institution to actually being part owner. Being someone who runs a small business through an institution. So you go from working for a hotel to being an Airbnb host that's running a small business through the hotel. You go from driving for someone else as an employee to being an Uber driver. You go from working in a retail store to being an Etsy seller. So as the role of the individual shifts from being laborer to being owner, we're going to in the long run, reduce inequality because we're spreading the ownership of capital in society across a broader range of people."
Faculty News

Research Scholar Brandon Fuller's joint research on state-based visas is featured

Fast Co.Exist logo
Excerpt from Fast Co.Exist -- "'A state-based visa program would create a temporary work permit that would allow participating states to manage the flow and regulate the quantity of temporary migrants who want to live and work within their border,' write Brandon Fuller and Sean Rust for the CATO Institute, a think tank."
Faculty News

Professor Lawrence White discusses Donald Trump's stock holdings

PolitiFact logo
Excerpt from Politifact -- "'These are publicly traded companies,' said Lawrence White, an economist at New York University’s Stern School of Business. 'If Mr. Trump received a dividend payment, then he must have owned shares of stock in that company -- that is, he was invested in the stock market.'"
Faculty News

Professor Jonathan Haidt comments on Donald Trump's appeal to right-wing voters

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Excerpt from The Economist -- "'Trump is something other. Trump is bringing in emotions and concerns that were not well-represented on the traditional left-right scale before', says Jonathan Haidt, a social psychologist at New York University."
Press Releases

Self-Reliant Women Are Five Times More Likely to Be Judged as Better Leaders than Self-Reliant Men, According to New Research from NYU Stern

Rebecca Schaumberg
Research has shown that people are predisposed to believe men are more capable leaders than women, and women with assertive or dominant characteristics are often viewed in a more negative light than their male counterparts. New research from NYU Stern Professor Rebecca Schaumberg finds that this perception is reversed for female leaders who exhibit self-reliance – the capacity to self-govern and control their own outcomes.
School News

Connie Kim, Director of Leadership Development, and Yael Shy, Senior Director of NYU Global Spiritual Life, discuss MindfulNYU and Stern's Mindfulness in Business Initiative

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Excerpt from MindfulMBA -- "A grounding in practical application is paramount for Kim, and her program’s offerings are designed to emphasize 'IQ plus EQ' — academic excellence and emotional intelligence — a combination Stern believes is critical for leadership success. For example, she and Shy collaborate frequently on events, merging MindfulNYU’s expertise in mindfulness techniques with the leadership lens of Mindfulness in Business."
Research Center Events

$300K Entrepreneurs Challenge: Competition Kick-Off

300K Entrepreneurs Challenge Kickoff
More than 500 aspiring entrepreneurs from across the NYU student, faculty and alumni communities gathered in Paulson Auditorium for the 2016-2017 Entrepreneur’s Challenge Kick-Off on Wednesday, September 14.
Faculty News

Professor Claudine Gartenberg comments on the complexity of consumer credit card agreements

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Excerpt from BuzzFeed News -- "'In credit cards and other aspects of consumer banking, the model often relies on making money from fees that the customer isn’t paying attention to or is even aware of,' said Claudine Gartenberg, assistant professor at New York University’s Stern School of Business, to BuzzFeed News."
Faculty News

Professor Jonathan Haidt discusses ethical failure in business

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Excerpt from Forbes -- "Says Jonathan Haidt, Professor of Business Ethics at NYU and founder of Ethical Systems, 'Good people will do terrible things when people around them are even gently encouraging them to do so.'"
Faculty News

Professor Anindya Ghose explains the impact of malfunctioning Samsung phones on Apple's bottom line

New York Post logo
Excerpt from The New York Post -- "For Samsung, 'this PR disaster could not have come at a worse time,' says Anindya Ghose, a professor at the NYU Stern School of Business. 'It definitely gives a temporary edge to Apple, especially for any consumer who was sitting on the fence,' Ghose added."
Research Center Events

NYU Stern-TCH Gallatin Lecture Series on Banking with Lord Mervyn King

Lord Mervyn King
The NYU Stern Salomon Center for the Study of Financial Institutions and The Clearning House hosted the Gallatin Lecture Series on Banking, on September 13, 2016.
Faculty News

Professor Roy Smith shares his views on former AIG CEO Hank Greenberg's trial

Financial Times logo
Excerpt from Financial Times -- "'He’s a very prickly guy and a very proud man, prepared to take his last years and much of his fortune to try and prove himself right and the others wrong,' said Roy Smith, a professor at NYU Stern School of Business."
Faculty News

Professor Arun Sundararajan's joint research on ridesharing is referenced

Fast Co.Exist logo
Excerpt from Fast Co.Exist -- "Research by N.Y.U. researchers Samuel Fraiberger and Arun Sundararajan last year found that ride-sharing has a 'disproportionately positive effect on lower-income consumers' mostly because poorer groups are more likely to switch from owning to renting."
Faculty News

Professor Kim Schoenholtz is interviewed about bank regulation

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Excerpt from The New Yorker -- "I spoke with Kermit Schoenholtz, a former chief economist at Citibank and now a professor of banking finance at the N.Y.U. Stern School of Business, and the co-author of an essential banking textbook. He told me that, since the beginning of the Great Depression, our system of bank regulation has relied on bank self-monitoring; it’s long been clear that government banking cops could never match the resources of the banks themselves. Each fine, then, serves two purposes: to punish the wrongdoing and also to warn all banks that they will pay a stiff price if they don’t root out such activity. But he warned me, 'The mechanism isn’t working.'"
Faculty News

Professor Maria Patterson discusses the role of the Martin Act in the trial of former AIG CEO Maurice Greenberg

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Excerpt from The New York Times -- "Maria Patterson, who teaches business ethics and law at the Stern School of Business at New York University, said the state might be aided in court by the lack of a requirement to prove fraudulent intent, which is generally required in federal fraud cases. The state’s anti-fraud Martin Act, she said, 'is designed to deal with deceit that does not comply with standards of common honesty.'"
Faculty News

Professor Arun Sundararajan discusses the popularity of Roost, a space-rental startup

The Washington Post logo
Excerpt from The Washington Post -- "'For something like parking, there is huge potential in the peer-to-peer model,' said Arun Sundararajan, a professor at New York University’s Stern School of Business. 'There’s a shortage of it in pretty major every large city, and it typically doesn’t require using space inside someone’s house.'"
Faculty News

Professor Richard Sylla is interviewed about negative interest rates

Wall Street Journal logo
Excerpt from The Wall Street Journal -- "Negative rates? You rub your eyes and search your memory. You can recall no precedent. And if you consult the latest edition of 'A History of Interest Rates' (2005) by Sidney Homer and Richard Sylla, you will find none. A recent check with Mr. Sylla confirms the impression. Today’s negative bond yields, he says, are the first in at least 5,000 years."
Faculty News

Professor Aswath Damodaran shares his views on Uber's future

Bloomberg logo
Excerpt from Bloomberg -- "A question I often ask companies: 'If tomorrow you stopped growing, would you be able to make money on your existing business?' And I think the answer is no for Uber, if tomorrow, the game came to steady state. This is a business where they're giving away rides. What it costs me to go from where I live to Newark airport is $15. What it used to cost me on a cab is $55. There is no way with that $15 that that driver is making enough money to cover the cost of maintaining his car. This is not a sustainable, long-term business. Something has to change."
Faculty News

Professor Adam Alter weighs in on the removal of text from some companies' logos

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Excerpt from The Atlantic -- "'Consumers are jaded about advertising in a way they weren’t several decades ago,' says Adam Alter, an associate professor of marketing at New York University’s Stern School of Business, via email. 'It is harder to appeal to them than it used to be, and they tend to see through overt marketing pitches.' That has in turn led to a new arsenal of branding tactics. 'Companies have had to learn subtlety,' Alter says."
Press Releases

One Additional Minute of Exposure to Display Advertising Can Boost Traffic to a Website by 10% - By Anindya Ghose

Anindya Ghose
New research from NYU Stern Professor Anindya Ghose and Emory University Professor Vilma Todri introduces a unique digital attribution framework to measure the effectiveness of display advertising on a consumer’s likelihood to search for a brand or product, and ultimately, make a purchase. 
Faculty News

Professor Robert Engle identifies financial risks in China

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Excerpt from Bloomberg -- "The risk is really interesting because the banks in China are owned by the government. They're state-owned enterprises. Much of the loans are to state-owned enterprises or to municipal governments. And so, in many ways, all this risk is essentially guaranteed by the government. So you might think there's no risk at all. But really, it's the government that bears that risk, and the government bears risks of trillions of dollars of loans. And unless there is better risk management by the banks and by other institutions, this risk is going to surface and be another negative factor in the Chinese growth puzzle."
Faculty News

Professor Lawrence White weighs in on the relevance of Donald Trump's tax returns

PolitiFact logo
Excerpt from PolitiFact -- "'It is true that Trump's businesses have received a lot of attention, but without the release of Trump's tax returns, we don't know a lot about his personal financial situation,' said Lawrence White, an economist at New York University’s Stern School of Business."
Faculty News

Professor Anindya Ghose discusses Apple's new iPhone 7

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Excerpt from Marketplace -- "The release of a seemingly lackluster version could also end up benefitting Apple in at least one way, according to Anindya Ghose, a professor of information technology at NYU’s Stern School of Business. 'It’s a very smart experiment by Apple to test the true extent of their loyal base,' Ghose said. 'Sometimes, in the long scheme of things, these price experimentations are a great way for a company — even as brilliant as Apple — to be able to infer market appetite for future renditions of the same product.'"
Faculty News

Professor Baruch Lev discusses the Financial Accounting Standards Board (FASB)'s recent update

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Excerpt from CFO -- "'It’s a response to very detailed questions of companies about the classification of certain cash flows in the cash flow statement. The transactions are very specific and infrequent,' he added. In Lev’s view, FASB’s attempt to improve cash-flow accounting by adding rules rather than creating a system that rests on broad general principles 'increases GAAP complexity.'"

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