Press Releases

NYU Stern Names Its New One-Year Technology and Entrepreneurship MBA in Honor of Alumnus Andre Koo

NYU flags outside of the Henry Kaufman Management Center
New York University’s Stern School of Business named its new one-year Technology and Entrepreneurship MBA in recognition of a significant gift from alumnus Andre J.L. Koo (MBA ‘94), Chairman, Chailease Group, and his wife, Jana. The Andre Koo family’s gift will support the School’s new MBA program, which will enroll its first class in May 2018.
Faculty News

Professor Aswath Damodaran is interviewed for a feature story on Satoshi Nakamoto, the creator of bitcoin

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Excerpt from The New York Post -- "Aswath Damodaran, professor of finance at New York University, said, '[Nakamoto’s] on his way to being a billionaire now. He kept more than 10,000 bitcoins.' And he’s not surprised by the creator’s low profile: 'Bitcoin was designed by paranoid geeks for paranoid geeks.'"
Faculty News

Geeta Menon, Dean of the Undergraduate College, is quoted in a feature story recognizing Stern as a leader in global immersion programming for undergraduate students

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Excerpt from Poets & Quants -- "'Right from the get-go, people come in knowing fully well that global is a big part of what we do. And they start thinking about it from the freshman year,' Menon says. ... 'One of the things we’re really against is being a tourist,” Menon explains. “That’s not what it’s about. It’s about education. We take the coursework really seriously.'"
Faculty News

Professor Paul Hardart shares his views on Rupert Murdoch's strategy for Fox News after the sale of 20th Century Fox to Disney

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Excerpt from Politico -- "But Paul Hardart, a marketing professor at New York University’s Entertainment, Media and Technology program in its Stern School of Business, said he expected Fox to have 'less entertainment content in the near term.' Sports and news have been the main pillars holding up cable and broadcast television, he said, as the two types of programming viewers typically watch live and can’t fast-forward through commercials on. Murdoch, he said, is 'playing to his strengths.'"
Faculty News

Professor Arun Sundararajan shares advice on how consumers can navigate the sharing economy

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Excerpt from the Chicago Tribune -- "'Consumers who participate in the sharing economy just have to come to terms with the idea that this isn't like getting a service from a large, branded company,' explained Sundararajan. 'The responsibility for providing the service is split between the platform (e.g., Turo or Airbnb) and the provider (the individual renting out the product), and people need to get comfortable with who's responsible for what.'"
School News

A discussion of new FASB regulations at Stern's Ross Roundtable is highlighted

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Excerpt from Bloomberg -- "The work should yield some of the first pieces of guidance on the rules in the next couple of months, as disagreements over unanswered questions are hammered out through the FASB Transition Resource Group on Credit Losses and American Institute of CPAs forums, [Frederick, partner at PricewaterhouseCoopers LLP] Currie said in a Dec. 4 roundtable discussion by the Ross Institute of Accounting Research at the New York University Stern School of Business."
Faculty News

Professor Baruch Lev explains the Financial Accounting Standards Board (FASB)'s new revenue recognition standard

Excerpt from CFO -- "'It’s extremely important for investors to understand where topline growth comes from,' he said. 'Foreign exchange is mainly beyond managers’ control. Volume is clearly under managers’ control. Price effects are generally long-term, while M&A is frequently transitory. Some companies provide a partial breakdown of these effects, but there’s nothing secret about this information.'"
Faculty News

In a feature story on the demand for items worn by Meghan Markle, Professor David Yermack is interviewed about his research on the influence of Michelle Obama's wardrobe choices

Excerpt from Glamour -- "Mrs. Obama was pretty uniquely adept at mixing items from the Gap with higher-priced couture to appeal to everyone from millennials to middle-class moms. Consumers could imagine themselves in her clothes, which is harder to do with actresses you see on the red carpet…. she also changed designers frequently and had absolutely no favoritism with what she might wear on a given day."
Faculty News

Professor Scott Galloway shares his views on bitcoin's popularity with millennials

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Excerpt from CNBC -- "'It's basically young people saying they have no faith in our institutions,' Galloway told CNBC's 'Squawk Alley' Tuesday. 'As we lose faith in institutions, it goes up.'"
Faculty News

Professor Priya Raghubir's joint research on spending money with cash vs. credit cards is highlighted

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Excerpt from Bankrate -- "When you use plastic, you’re liable to spend more than when you just fork over cash. One study by Priya Raghubir and Joydeep Srivastava, published in the Journal of Experimental Psychology: Applied, found that participants spent 21 percent more preparing a Thanksgiving dinner when they used a credit card ($175) compared to cash ($145)."
Faculty News

Professor Menachem Brenner's joint research on ambiguity in financial markets is featured

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Excerpt from Bloomberg View -- "Our empirical findings support the hypotheses, showing that ambiguity significantly affects stock market returns. That is to say, investors act as if they consider the degree of ambiguity when they price financial assets. The findings provide strong evidence that individuals exhibit ambiguity aversion to favorable returns and love for ambiguity for unfavorable returns."
Press Releases

NYU Stern Professor and Net Neutrality Expert Nicholas Economides Available for Commentary on the FCC Vote

Nicholas Economides
New York University Stern School of Business Professor Nicholas Economides is available to provide commentary on the current state of net neutrality leading up to and after the Federal Communications Commission’s (FCC) scheduled vote this Thursday, December 14th, 2017.
Faculty News

In a detailed Q&A, Professor Tensie Whelan outlines the business case for sustainable practices

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Excerpt from Global Finance -- "The financial case for sustainability is the high correlation between good environmental and social governance performance in a company and good stock performance, lower cost of capital and better operational performance. We don’t really know why, because companies are not tracking the ROI on their sustainability investments; although they do track operational efficiencies like energy savings."
Faculty News

Professor Menachem Brenner's joint research on ambiguity in financial markets is spotlighted

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Excerpt from The Wall Street Journal -- "Mr. Brenner, a early pioneer of volatility research whose work was profiled in The Wall Street Journal in March, and Mr. Izhakian are turning the concept into a gauge of current market conditions that they hope will be useful for market watchers. They came up with the measure by analyzing market returns in five-minute increments. Their research is due to be published in the Journal of Financial Economics."
Press Releases

Richard Berner to Join the NYU Stern Center for Global Economy and Business

Richard Berner
New York University Stern School of Business has named Richard Berner, currently the first Director of the Office of Financial Research, as the first Executive-in-Residence of the School’s Center for Global Economy and Business, effective January 1, 2018. Berner will also serve as an adjunct professor in the Department of Economics. 
Faculty News

Professor Aaron Tenenbein explains why a golfer's claim to have recorded more than 80 aces is statistically impossible

Golf Channel Logo 192 x 144
Excerpt from the Golf Channel -- "If we take an amateur golfer who plays five rounds of golf a week over a two year period, the chance of getting sixty holes in one is less than one out of one trillion to the tenth power. He has a better chance of getting twenty straight royal flushes if he plays poker. It is basically impossible."
Faculty News

Professor Amy Webb offers insights on fake news

Excerpt from Mother Jones -- “There’s probably a strong case to be made that we are chemically addicted to fake news,” says Amy Webb, an author and futurist who founded the Future Today Institute. “When you’re seeing your angers and fears and anxieties being validated externally, you get a shot of dopamine.”
Faculty News

Professor Susan Stehlik discusses how companies can prevent sexual harassment

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Excerpt from The Bridge -- "Train employees to speak up in the moment: 'Many employees are intimidated by power and will be unwilling to give feedback to someone who has offended them,' says Stehlik. However, 'if you can stop these behaviors at the first step, you will be much better off.'"
Business and Policy Leader Events

NYU 2017 Conference on Digital, Mobile Marketing, and Social Media Analytics

On December 8-9, NYU Stern will host the NYU 2017 Conference on Digital, Mobile Marketing, and Social Media Analytics. 
Faculty News

Professor Vasant Dhar explains why he believes AI is not currently capable of trading cryptocurrencies

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Excerpt from the International Business Times -- "'At the moment there’s a buying frenzy because people expect it to go up,' Dhar told IBT. 'When the futures are on track and professionals start trading it, several years after that maybe we’ll have enough data to come up with machine-learning based strategies...right now all we’ve seen is one little period where it’s moonshot. There’s no real basis for building a strategy.'"
Faculty News

Professors Kathleen DeRose and David Yermack are interviewed ​in a roundup of the best b-schools for FinTech that features Stern

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Excerpt from BusinessBecause -- "'FinTech is one of the fastest growing segments of the economy. Five financial functions are being disrupted—payments, how money is transferred, markets, insurance and capital allocation,' NYU Stern clinical associate professor of finance Kathleen DeRose explains. ... 'Jobs started to change at the big banks, which became increasingly interested in people graduating with skills in big data,' [Yermack] explains. 'AI and machine learning are changing the profile of finance jobs and the nature of work, [which] will increasingly focus on programming these machines and pointing them to the right data, and working on hardware and software updates.'"
Faculty News

Professor Thomaï Serdari shares how today's luxury brands can evolve and stay competitive

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Excerpt from Luxury Daily -- "The best way to remain ahead of the curve is to look outside one's industry. For example, a fashion company should be studying what is happening in product design or architecture. This will impact not just the form of the new collection but possibly its structure and perhaps even its production process. Innovation stems from interdisciplinary thinking, not from a singular one."
Faculty News

In an op-ed, Professor Michelle Greenwald examines how technology and changing consumer behavior will impact the way companies advertise

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Excerpt from Forbes -- "Driverless cities and increased e-commerce will include more delivery trucks, pedestrian walkways, bicycles, amphibious planes, helicopter taxis, drones, more time for mobile usage in autos, and potentially more time socializing in more shared, carpool vehicles."
Faculty News

Professor Anindya Ghose offers insights on how India can improve its education system

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Excerpt from Entrepreneur -- "Talking about the immediate reforms needed in the system, Ghose said, 'We need to encourage skills in design thinking, creative thinking, unstructured project management, and the ability to adapt and drive in changing environments.'"
Business and Policy Leader Events

NYU Stern's "In Conversation with Mervyn King" Series Presents Fareed Zakaria

Fareed Zakaria
On December 7, NYU Stern’s “In Conversation with Lord Mervyn King” Series welcomed Fareed Zakaria, host, CNN’s Fareed Zakaria GPS, and columnist, Washington Post.

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