School News

Undergraduate students Anika Advani and Julian Marchese are named two of the "Undergrads Ready to Revolutionize the Finance Industry"

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Excerpt from BadCredit.org -- "Hard-working, bold and full of ideas, these students are ready to tackle the finance industry and shape the U.S. economy in ways we’ve never seen before."
Faculty News

Prof. Nicholas Economides stresses the importance of structural economic reforms in Greece

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Excerpt from BBC -- "Greece is running out of money. It may have enough money to pay the IMF this week and pay salaries and pensions this week, but there is doubt whether that's possible next week and thereafter...the real question is, what is going to happen once there is no more money coming from outside. The various sources of money inside have been exhausted. Mr. Varoufakis has to explain a credible plan through which Greece is going to meet its obligations."
Faculty News

Prof. Priya Raghubir discusses her research on cash vs. credit cards

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Excerpt from NPR -- "[With cash] you see the amount. It's written on the bank note...in the absence of actually seeing that amount, you don't have a strong memory trace."
Business and Policy Leader Events

American Express President Edward Gilligan & Former Thomson Reuters CEO Thomas Glocer Sound Off on How Technology is Disrupting the Finance Industry

Changing Face of Wall Street
NYU Stern alumnus Edward Gilligan (BS '82), president of American Express, and Thomas Glocer, former CEO of Thomson Reuters, joined a discussion entitled, "The Changing Face of Wall Street: How Technology is Disrupting the Finance Industry,” this April.
Faculty News

Prof. Prasanna Tambe on Smartsheet, a cloud-based alternative to Microsoft Excel

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Excerpt from OZY -- "'Putting the right information in front of the right people sounds really easy — but it’s really hard to do,' says Prasanna Tambe, professor of information, operations and management sciences at NYU’s Stern School of Business. Which explains why Frei and Mader’s firm, the Seattle-based Smartsheet, founded a decade ago, is suddenly having its moment, slap-bang in the middle of the business world’s productivity zeitgeist."
Faculty News

Prof. Joseph Foudy discusses the March jobs report

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Excerpt from The New York Post -- "'The weak jobs report this morning was surprising — even if in line with some other weaker economic data published as of late and the reality that a stronger dollar is hurting exports,' said New York University economics professor Joe Foudy."
Faculty News

Prof. Adam Alter discusses the US consumer preference for choices

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Excerpt from The Guardian -- "High-end experiences, Alter points out, are increasingly devoid of choice: just as at the dawn of the automotive era, Henry Ford dictated that Americans could drive any color of black Model T, at the fanciest restaurants in New York, people pay extravagant sums to eat tasting menus dictated by top chefs. 'You want the producer to make some of these decisions for you,' Alter says. Luxury is found in limitations. 'There’s something comforting in knowing that for a very high-end product that it’s going to be curated for you by an expert,' Alter says. 'I would never let anyone curate a $5 meal for me.'"
Student Club Events

MBA Media & Entertainment Conference 2015

MEC 2015 Conference
The MBA Media & Entertainment Conference (MEC) is a joint effort of students in the MBA programs at Columbia Business School, NYU Stern, Wharton, MIT Sloan, and Duke Fuqua. The conference is an annual event for MBA students exploring careers in media, entertainment, and technology-related industries.
Faculty News

Prof. Nouriel Roubini discusses the European economy

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Excerpt from Fox Business -- "Well, they are receiving only enough money to make sure they're not going to default in the short run, but there is not yet an agreement between Greece and the troika. And if an agreement has not been reached in the next few weeks, you could have a Greek accident... I think the risk of a Greek accident is still large because the two sides are negotiating, but they are very, very far apart."
Faculty News

In an op-ed, NYU Global Research Prof. Ian Bremmer discusses the US-Israeli relationship

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Excerpt from TIME -- "It’s clear that Obama and Netanyahu don’t trust or like each other. But the widening divide between these countries can’t be reduced to a personality conflict between leaders. Differences in the interests and worldviews of the two governments are becoming more important."
Faculty News

Prof. Nicholas Economides on competition in the telecommunications industry

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Excerpt from The Verge -- "A choice of just two, even three, providers isn’t enough to create a competitive market that will keep a check on prices, said Nicholas Economides, an economics professor at New York University who studies telecommunications. 'The only competition that remains is between telephone internet service providers and cable internet service providers — if you have it,' Economides said. 'That’s the real problem, and that’s why we don’t have enough competition and higher prices.'"
Faculty News

In an op-ed, Profs Menachem Brenner and Marti Subrahmanyam discuss their research on insider trading

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Excerpt from Harvard Law Blog -- "Academic studies, including our own, have previously documented empirical evidence of informed trading ahead of major corporate events such as earnings announcements, mergers and acquisitions (M&A) and corporate bankruptcies."
Faculty News

In an op-ed, Prof. Baruch Lev advises companies on regaining their investors' trust

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Excerpt from Financial Executive -- "Regaining investors’ trust and support should be at the top of managers’ agendas. There are no shortcuts or magic tricks to achieve this task. It requires a substantial shift in managers’ conception of investors’ needs and the workings of capital markets, and a persistent execution of a capital markets strategy, based on honesty, relevant information sharing and smart communication with investors."
Faculty News

Prof. Vicki Morwitz's research on budgeting is cited

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Excerpt from US News -- "Budgeting for the year is better largely because people feel less confident in monthly estimates, so they tend to add more of a buffer for unexpected expenses, according to research by University of Southern California’s Gulden Ulkumen, Cornell University's Manoj Thomas​ and New York University’s Vicki Morwitz​. The professors suggest taking a longer term view for a more accurate budget that you can stick with."
Faculty News

In an op-ed, Prof. Nouriel Roubini examines economic opportunities and obstacles in the euro zone

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Excerpt from Project Syndicate -- "Indeed, as the euro weakens, the periphery countries’ external accounts have swung from deficit to balance and, increasingly, to surplus. Germany and the eurozone core were already running large surpluses; in the absence of policies to boost domestic demand, those surpluses have simply risen further. Thus, the ECB’s monetary policy will take on an increasingly beggar-thy-neighbor cast, leading to trade and currency tensions with the United States and other trade partners."
Faculty News

Prof. Irving Schenkler on the business community's response to the Religious Freedom Restoration Act

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Excerpt from The Huffington Post -- "'We’re probably at a tipping point,' said Irv Schenkler, a clinical professor of management communication at New York University’s Stern School of Business. Things have certainly evolved since 2012, when no Fortune 500 companies opposed North Carolina’s proposed law banning same-sex marriage."
Faculty News

Prof. Thomas Philippon's research on the finance industry is cited

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Excerpt from Financial Times -- "Thomas Philippon, professor of finance at New York University’s Stern school of business, has found little evidence of such a boost to productivity, at least for the finance industry as a whole. His research suggests the costs of finance to society remain fairly static, at about 1.5-2 per cent of the total amount being intermediated."
Press Releases

NYU Stern Center for Business and Human Rights to Tackle Migrant Labor Rights in the Construction Industry

Henry Kaufman Management Center
The NYU Stern Center for Business and Human Rights is beginning a new research project to promote human rights in the supply chain for construction labor that runs from South Asia to the Arabian Gulf.
Faculty News

Prof. Anindya Ghose on the challenges crowdfunded companies face

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Excerpt from BBC -- "People have been able to raise the amount that they wanted to raise, but they falter on the actual delivery. On issues like packaging, on issues like fulfilling the actual amount of orders."
Faculty News

Prof. Richard Sylla's new book, "Genealogy of American Finance," is featured

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Excerpt from Winston-Salem Journal -- "'More than 225 years have passed since Alexander Hamilton created one of the nation’s first commercial banks,' the authors said. 'Over time, these institutions have changed hands, names and locations, reflecting a wave of mergers, acquisitions and other restructuring efforts that echo changes in American finance.'"
Faculty News

Research Scholar Sarah Labowitz's remarks at the Ethical Sourcing Forum are highlighted

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Excerpt from Sourcing Journal Online -- "'Labowitz describes Bangladesh’s RMG sector as a hub and spoke model of production, where the hub factories are the ones that have direct relationships with foreign brands, are often in good condition, with their own power plants, and are well lit and ventilated. And those hub factories have a lot of relationships with spoke factories. 'The spoke factories are the invisible factories,' Labowitz said. They are often in mixed-use buildings, above auto repair shops, for example, and some don’t appear on any registry of factories in Bangladesh. Labowitz and her partner Dorothée Baumann-Pauly, co-authors of the report, 'Business as Usual is Not an Option,' are currently conducting research on how many unregistered facilities there are in Bangladesh.'"
Faculty News

Prof. Kim Schoenholtz's blog post on secular stagnation is cited

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Excerpt from Financial Times -- "Stephen Cecchetti and Kermit Schoenholtz have a more conventional but also more exhaustive and detailed guide to secular stagnation. It includes a couple of more possible causes: most interesting are demographics (which is slowing the growth of the labour force) and high debt (which may reduce demand). They also very usefully sort them into supply-side and demand-side mechanisms."
Faculty News

In an op-ed, NYU Global Research Prof. Ian Bremmer shares advice on leaving a job

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Excerpt from LinkedIn -- "An exit can be done well, and it can be done badly. Even if you really hate your boss and loathe your job, you still want to leave a good last impression. Be professional. Out of sight isn’t out of mind. These people can be useful for networking, recommendations or business referrals — and you never know where your career will take you. You may circle back as an employee, a client, or something altogether unexpected."
Student Club Events

14th Annual NYU Stern SIMR Conference

SIMR Annual Conference
The Stern Investment Management & Research (SIMR) club will host the 14th Annual NYU Stern SIMR Conference on Friday, March 27, 2015. Themed, “Investing in a Post-Fed World,” the conference will offer the opportunity to hear from distinguished speakers and panelists on idea generation and the best investment ideas in today's markets.
Faculty News

In an op-ed, NYU Global Research Prof. Ian Bremmer discusses the Asian Infrastructure Investment Bank

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Excerpt from TIME -- "Now there’s the AIIB. For decades, Washington has used its dominant influence in the World Bank, International Monetary Fund (IMF) and Asian Development Bank to strengthen relations with European and Asian partners and guide developing countries toward Western values by conditioning aid on U.S.-backed reforms. Those countries had no choice: there was no credible alternative to the U.S.-led system. That’s changing."

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