Faculty News

Professor Robert Whitelaw weighs in on ChemChina's acquisition of Syngenta

China Radio International - NewsPlus Radio logo
Excerpt from China Radio International -- "I actually think there's quite a lot to be gained on both sides. Clearly from the ChemChina perspective, this is about technology, specifically about biotechnology. So Syngenta is a very prominent agricultural, agribusiness concern, specializing in seeds and agricultural chemicals, and obviously, there's a big push in China to increase food production, and I think Syngenta has some of the technology that will help with that goal of increasing food production."
School News

Stern's new Venture Fellows program, a start-up immersion program for entrepreneurs, made possible by David Ko (BS '93) and his wife, Jennifer Ko, is featured

Clear Admit logo
Excerpt from Clear Admit -- "Technology executive David Ko (BS ’93) and his wife Jennifer Ko have donated $1 million to establish the NYU Stern Venture Fellows Program. Incoming MBA students can apply this fall for a spot in the program, which will begin in summer 2017 and provide financial support, mentorship, workshops and access to New York City and Silicon Valley tech companies."
Press Releases

NYU Stern School of Business Alumnus David Ko and Wife Jennifer Ko Give $1 Million to the School to Create Summer Immersion Program for Aspiring Entrepreneurs

Henry Kaufman Management Center
New York University Stern School of Business announced the establishment of The NYU Stern Venture Fellows Program with $1 million from technology executive and alumnus David Ko (BS ’93) and his wife Jennifer Ko. With this generous gift, Stern MBAs will have the opportunity to apply to this new immersion program in lieu of a traditional summer internship and benefit from financial support, mentorship, workshops and access to NYC and Silicon Valley tech companies.
Faculty News

Professor Aswath Damodaran explains why cash-burn companies are not necessarily a bad investment

CNBC logo
Excerpt from CNBC -- "'If you avoid companies just because of cash burn, you're taking big segments of the market out of your portfolio,' Damodaran said in an interview with CNBC's 'Closing Bell.'"
Faculty News

Professor Robert Salomon explains why Uber ultimately did not succeed in beating its competitors in China

Xinhua logo
Excerpt from Xinhua -- "'The customers are very very different,' says Salomon. 'They have different cultural tastes and preferences, and the way to consume the products, the products they want are not the same with the products western consumers want.'"
Faculty News

Professors Kim Schoenholtz and Lawrence White discuss the merits of reviving Glass-Steagall

The Atlantic logo
Excerpt from The Atlantic -- "...separating investment and commercial banking would not have prevented the financial crisis, and its re-imposition will not prevent the next one. ... Unfortunately, since the removal of the Glass-Steagall restrictions in 1999 had no connection to the financial crisis of 2008—all of the "bad actors" of the 2008 crisis could have done all of the same things even if Glass-Steagall had been in place—the whole notion of a revival of Glass-Steagall is misguided."
Faculty News

Professor Arun Sundararajan explains the impact of local governments banning Airbnb rentals on tourism

Wall Street Journal logo
Excerpt from The Wall Street Journal -- "Stifling short-term rentals isn’t always in a city’s best economic interest, said Arun Sundararajan, a New York University professor of information, operations and management sciences. If cities crack down too hard on Airbnb, they run the risk of losing out to other tourism destinations with a more robust supply of rooms for rent. 'If a city is deeply dependent on tourism, there’s a huge expansion that can come from being a city who has a huge number of affordable and interesting Airbnb listings,' he said."
Faculty News

Professor Vasant Dhar weighs in on Uber's use of driverless cars

Marketplace Logo
Excerpt from Marketplace -- "I'm assuming that we've solved the engineering side of this problem. I'm assuming that. The major challenges now are just dealing with reality. And in fact, one of the objectives of this is to see the kinds of situations where vehicles trip up. In machine learning, this is a big area of research called "adversarial learning" where... you throw an adversary into the mix that just tries to fool you."
Faculty News

Research by Professor Steven Blader and Nicholas Hays is highlighted

Medical Daily logo
Excerpt from Medical Daily -- "According to the research, people who believed they were high-status individuals were less charitable to others, but only when they felt completely deserving of their status. On the other hand, high status individuals who were humble about their powerful place were more generous than expected."
Research Center Events

Executive Education Short Course: Data-Driven Decision Making

Executive Education Short Course
This course aims to bridge the gap by instilling in executives a general intuition for data-driven decision making and equipping leaders with the tools and techniques necessary to analyze large databases and use effective data visualization to gauge key metrics.
Faculty News

Professor Rebecca Schaumberg discusses the personality traits common among presidential candidates

Fox News logo
Excerpt from Fox 5 NY -- "[The characteristics of those who run for President] tend to be a strong desire for dominance, desire to have control over others, a high level of self-confidence... Unfortunately, sometimes that manifests as a high level of narcissism or a high level of grandiosity."
Faculty News

Professor Vasant Dhar discusses the impact that Uber's adoption of driverless cars will have on pricing

CNNMoney logo
Excerpt from CNNMoney -- "'Why would you pay $60 for a ride to the airport when you can pay $20?' said Vasant Dhar, a professor at New York University's Stern School of Business. 'Do you really want to pay an extra $40 for the privilege of having a human drive you? I don't think so.'"
Faculty News

Professor Viral Acharya discusses his research on unconventional monetary policy

The New York Times Logo
Excerpt from The New York Times -- "'These zombie loans are just bad for the economy,' said Viral V. Acharya, one of the report’s authors and a specialist in European debt at New York University’s Stern School of Business. 'The problem is that Europe never injected capital into its banks like TARP in the U.S.'"
Faculty News

Professor Thomaï Serdari discusses Estée Lauder's beauty partnership with Victoria Beckham

Luxury Daily logo
Excerpt from Luxury Daily -- "'Considering that British brands have been doing well in the United States, a trend that has grown stronger in the last five years and perhaps will counteract the consequences of Brexit, it is no accident that Victoria Beckham enjoys a positive brand equity in the American market,' [Serdari] said. 'With playful Instavideos being released through Victoria Beckham's Instafeed almost a month before her collection hits the stores the celebrity designer can certainly drive interest in her new, stylishly packaged beauty collection.'"
Faculty News

Professor Thomas Philippon's new research on fintech is featured

Reuters logo
Excerpt from Reuters -- "Asset management services are still expensive. Banks generate large spreads on deposits. Finance could and should be much cheaper. In that respect, the puzzle is not that fintech is happening now. The puzzle is why it did not happen earlier."
Faculty News

Professor Adam Alter's joint research on ages ending in nine is highlighted

Yahoo logo
Excerpt from Yahoo News -- "Adam L. Alter and Hal E. Hershfield from New York University and UCLA, respectively, found across six studies that at the end of a decade, people become more preoccupied with aging and worries about life’s meaningfulness. The researchers said that such thoughts lead to behaviors that 'suggest a search for, or a crisis of meaning.'"
Press Releases

Information Sharing in U.S. Treasury Auctions: The Case for Why it Creates Value for Investors and Decreases Risk

Laura Veldkamp
New research from NYU Stern Professor Laura Veldkamp and Nina Boyarchenko and David O. Lucca of the Federal Reserve Bank of New York, finds that information sharing in U.S. Treasury auctions raises auction revenues, as bidders are better informed. When information sharing enables collusion, the collusion initially costs revenue, but prohibiting information sharing costs more.
Faculty News

Professor Paul Romer's appointment to the World Bank as Chief Economist is highlighted

Financial Times logo
Excerpt from the Financial Times -- "...it is exciting and encouraging that the bank is about to have a chief economist, Paul Romer, who is both a top-rate thinker and a boldly unconventional policy entrepreneur."
Faculty News

Professor Bruce Tuckman highlights regulatory pressure as a factor in the growth of the Treasury repo market

Bloomberg logo
Excerpt from Bloomberg -- "'There has been enormous regulatory pressure on financial institutions to reduce risk,' Tuckman said. 'Therefore, deleveraging has not only reduced the overall size of the repo market, but has also increased the fraction of the market in Treasury repo.'"
Faculty News

Professor Viral Acharya's joint research and Professor Kim Schoenholtz's blog post on stress tests are featured

Bloomberg logo
Excerpt from Bloomberg -- "'While these banks may meet a weak regulatory test, as the more than 40 percent decline of bank equities over the past year implies, they do not meet the market test,' [Kim Schoenholtz and coauthor Stephen Cecchetti] write. This criticism is consistent with a new research paper published by academic economics Viral V. Acharya, Diane Pierret, and Sascha Steffen. Based on the disclosures made available by the EBA stress test, they estimate that European banks face a capital shortfall of 123 billion euros, when set against U.S. supervisory standards and a 4 percent leverage ratio — also known as a capital-to-asset ratio, a measure that determines how much capital a lender needs to set aside relative to the assets they hold."
Faculty News

Professor Robert Whitelaw illustrates why low-cost labor in China is no longer a considerable threat to the US economy

Marketplace Logo
Excerpt from Marketplace -- "'There’s just less labor content in a manufactured item,' said Robert Whitelaw, professor of entrepreneurial finance at NYU. 'A high-end GE refrigerator only has two hours of labor in it,' he said, adding that automation is also a powerful force at the low end of manufacturing. 'Where labor costs are less important, other things become more important, like distance,' he said."
Faculty News

Professor Laura Veldkamp's joint research on information sharing in US Treasury auctions is featured

Financial Times logo
Excerpt from the Financial Times -- "Using auction data and game theory, the authors came to the conclusion that full pre-auction information sharing between dealers and investors would raise $4.8bn more revenue for the US Treasury each year than a fully closed bidding mechanism where no information is shared. The paper comes from New York Fed economists Nina Boyarchenko and David Lucca, along with NYU professor Laura Veldkamp."
Faculty News

Professor Thomas Philippon's research on blockchain technology is referenced

Financial Times logo
Excerpt from the Financial Times -- "In theory, the blockchain technology could improve the efficiency of the market, but if there is no entry, this would simply increase the rents of incumbents. A restricted blockchain could in fact be used by incumbents to deter entry and stifle innovation."
Faculty News

Professor Lisa Leslie's joint research on "stop the clock" work policies is referenced

The Chronicle of Higher Education logo
Excerpt from The Chronicle of Higher Education -- "Published in 2013 in the Industrial and Labor Relationship Review, this study found that stop-the-clock policies helped those who used them to get tenure — men as well as women."
Faculty News

Professor Arun Sundararajan's book, "The Sharing Economy," is highlighted

Financial Times logo
Excerpt from the Financial Times -- "As Arun Sundararajan, a New York University academic, notes in his new book, The Sharing Economy, the percentage of self-employed workers in 1900 in the US was three times as high as it is today."

Archive