Faculty News

Prof. Lawrence White discusses the impact of Japan's election on financial markets

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Excerpt from BBC Capital -- "'With an election, there's a lot of anticipation ahead of time,' said Lawrence White, professor of economics at New York University's Stern School of Business. 'Markets try to anticipate elections by looking at the polls and trying to anticipate the consequences of the future.'"
Faculty News

In an op-ed, Prof. Baruch Lev explains the impact the time of day has on earnings calls

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Excerpt from Harvard Business Review -- "We analyzed the earnings calls of 2,113 publicly held U.S. firms based in the Eastern and Central time zones from January 2001 to June 2007—a total of 26,585 calls. We used linguistic algorithms to measure positivity, negativity, and uncertainty during the Q&A. Tone grew more negative and less resolute as the morning progressed and improved slightly at midday, presumably because participants recharged at lunch. Negativity increased during the afternoon but fell off after the market’s closing bell—probably because the close reduced participants’ stress. Overall, calls originating late in the afternoon were more negative, irritable, and combative than calls made early in the morning, even after controlling for factors such as industry norms, financial distress, growth opportunities, and the news that companies were reporting."
School News

Executive MBA student Ellie Nieves is profiled

Excerpt from Hispanic Executive -- "Today, I am assistant vice president and senior counsel for The Guardian Life Insurance Company of America, a life insurance and financial services provider. As AVP and senior counsel, I develop and implement lobbying strategy for several issues, including life insurance, investments, dental, and federal health-care reform. I also provide regular briefings to senior executives on relevant legislative and political developments. I spend a lot of time on the road traveling to state capitols to meet with legislators and insurance regulators. With the support of Guardian, I recently enrolled in New York University’s executive MBA program where I plan to specialize in leadership. In my spare time, I host a women’s leadership podcast and I speak at women’s leadership events."
Faculty News

Prof. Johannes Stroebel's research on the impact of the 2009 Credit CARD Act was featured

Excerpt from CreditCards.com -- "The Credit CARD Act of 2009 succeeded in cutting fees for cardholders to the tune of about $20 billion per year -- without boosting interest rates or drying up the availability of credit, according to a new study based on 150 million accounts. 'We find that regulations to limit fees were highly effective,' said the authors of the working paper posted online Sept. 26 by the National Bureau of Economic Research."
Faculty News

Prof. Scott Galloway discusses innovation and large companies

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Excerpt from Bloomberg TV -- "Big companies typically don't want to disrupt themselves. I would argue both Steve Jobs and Ballmer were innovators. Constant product innovation that they were able to get a higher price. But the problem is when you raise your prices faster than inflation...you make yourself vulnerable to startups who will come in and give you a bad version of Word, in the Cloud, for free. Free is a really attractive price. Those disruptors go after the customers that Microsoft doesn't want and slowly start nipping at their heels and nipping at their shins and before they know it they're taking the whole torso into the great white shark of a disruptor. So both companies [Apple and Microsoft] are vulnerable to disruption."
Faculty News

Prof. Samuel Craig discusses brand partnerships with celebrities

Excerpt from Adweek -- "The increased visibility of social also amplifies the potential risk of such deals. For one, it raises the bar for what passes as a convincing celeb-marketer marriage, said Chris Raih, managing director of Los Angeles agency Zambezi, which this summer launched a Popchips ad starring Katy Perry (an investor and creative partner in the company). Or a brand may find itself entangled in a fiasco on the scale of the Mountain Dew-Tyler, the Creator dustup, the Rick Ross lyrics controversy or the Paula Deen meltdown. Still, 'it doesn’t happen that often,' said C. Samuel Craig, professor of marketing at NYU’s Stern school, plus brands can usually distance themselves quickly."
Faculty News

In an op-ed. Prof. Nouriel Roubini argues that the eurozone's economic problems are unresolved

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Excerpt from Project Syndicate -- "A little more than a year ago, in the summer of 2012, the eurozone, faced with growing fears of a Greek exit and unsustainably high borrowing costs for Italy and Spain, appeared to be on the brink of collapse. Today, the risk that the monetary union could disintegrate has diminished significantly – but the factors that fueled it remain largely unaddressed."
School News

Vice Dean Thomas Pugel on Stern's "Doing Business In..." (DBI) courses

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Excerpt from Financial Times -- "[Pugel] believes that what distinguishes a good overseas programme from a bad one is not the length of time spent in another country, it is the academic component, something he says NYU Stern takes very seriously."
Faculty News

Prof. Arun Sundararajan on the emergence and evolution of the sharing economy

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Excerpt from Los Angeles Times -- "Years of experience with Amazon.com have accustomed us to transacting business online, and eBay has given people confidence that a business deal 'doesn't have to have a brand name on the other side,' says Arun Sundararajan, an expert in digital technologies at New York University."
Research Center Events

CGEB/LAEF Conference on Economics and Demography

The Center for Global Economy and Business of the NYU Stern School of Business and the Laboratory for Aggregate Economics and Finance of The University of California at Santa Barbara will hold a joint conference on Demography for Economists.
Faculty News

Prof. Hal Hershfield's research on encouraging environmentally friendly behavior is featured

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Excerpt from Reuters -- "Separately, an academic study said people reacted best to the challenge of climate change if it was not presented as doom and gloom. 'The best way to encourage environmentally friendly behavior is to emphasize the long life expectancy of a nation, not its imminent downfall,' according to the study of 131 nations led by NYU Stern Professor Hal Hershfield."
Faculty News

Prof. Michael Spence's views on economic growth in emerging economies are highlighted

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Excerpt from Bloomberg -- "Japan, South Korea, Taiwan, Hong Kong and Singapore are the only economies that have moved from middle-income to developed nation status while maintaining relatively high growth rates, according to Nobel laureate Michael Spence, a professor at New York University’s Stern School of Business."
Faculty News

Prof. Nouriel Roubini is interviewed about global economic growth

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Excerpt from Bloomberg TV -- "[Global growth] is going to be hard for the next few years because the process of deleveraging that started after the global financial crisis still continues. In the Eurozone you still have high debt ratios of the banking system, of the housing sector, in the United States we have not done much of the fiscal adjustment yet. Therefore I think that you'll have slow economic growth in most advanced economies for the time being."
Faculty News

Prof. Anindya Ghose's research on crowdfunding is featured

Excerpt from PCWorld -- "So what, apart from the money itself, does crowdfunding offer a fledgling venture? In an April 2013 paper coauthored by Burtch, Anindya Ghose of NYU’s Stern School of Business, and Sunil Wattal of Temple University’s Fox School of Business, one clear benefit stood out: Crowdfunding gives new ventures an opportunity to generate valuable publicity. 'Crowdfunding helps to create a lot of buzz, word-of-mouth, and awareness of a project, which then eventually helps in the final demand or consumption of that project,' says Ghose."
Faculty News

Prof. Thomaï Serdari is interviewed about luxury retail microsites

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Excerpt from Luxury Daily -- “'Think of a microsite as an enhancement of brand DNA,' said Thomai Serdari, director of research and adjunct associate professor at NYU’s Leonard N. Stern School of Business. 'Being able to excite the consumer in the luxury market is one of the most important things,' she said."
Press Releases

To Encourage Positive Environmental Outcomes, Emphasize a Long Future, Not Impending Doom

NYU Stern Professor Hal Hershfield and his colleagues H. Min Bang and Elke U. Weber of Columbia University find that the best way to encourage environmentally friendly behavior is to emphasize the long life expectancy of a nation, not its imminent downfall.
Faculty News

Prof. Nouriel Roubini explains why he believes the "commodities supercycle" has ended

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Excerpt from Reuters -- "There are a number of factors why the commodities supercycle is probably over. First of all, China is slowing down. The growth rate may be as low as 6 or 7% in the next few years and the growth rate is going to be less resource intensive as they move away from capital intensive to consumer society... Additionally, we have a slow recovery in advanced economies and monetary policy is going to be tightened, however gradually. The Fed eventually is going to start tapering, eventually is going to go away from zero policy rates and that increase in short and long rates is going to soften commodity prices as well."
Press Releases

Research Shows that Times Flies When You’re Counting Down

In a new study, Professor Vicki Morwitz and Stern alumnus Edith Shalev (PhD ’10) show that counting down (i.e., 100 to 1) while performing a task shortens the perceived duration of the task compared to counting up (i.e., 1 to 100).
Research Center Events

2013-2014 NYU Stern Entrepreneurs Challenge Kick-Off

During the Entrepreneurs Challenge Kick-Off, attendees will hear about NYU Stern’s Annual New Venture Competition and Social Venture Competition – both sponsored by Stern’s Berkley Center for Entrepreneurship & Innovation – as well as NYU’s Annual Technology Venture Competition, hosted by Stern’s Berkley Center and NYU’s Innovation Venture Fund.
School News

Stern's Ross Roundtable on Big GAAP vs. Little GAAP was featured

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Excerpt from The Wall Street Journal -- “'As we seek to bring a better cost-benefit balance within GAAP for private companies, we’re initiating at least potential simplification for all entities from yet another direction,' Mr. [Jeffrey] Mechanick said at an accounting roundtable hosted by the NYU Stern School of Business. 'We’ve often looked at public companies first and here we’re looking at private companies first.'”
Faculty News

Prof. Anindya Ghose on the expansion of crowdfunding due to the JOBS Act

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Excerpt from TIME -- "As crowdfunding expands, some worry that deregulation of startup investing will lead to inexperienced investors being duped into bad deals. 'That’s the flip side of opening this up to the rest of the world,' says Anindya Ghose, a professor of information, operation and management sciences at New York University who also studies crowdfunding. 'You might end up hurting a lot of people who don’t need to be hurt.'”
Faculty News

Prof. Aswath Damodaran on Twitter's value

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Excerpt from CNBC -- "It's almost impossible to value the company as it stands right now, because you know so little about the company. In fact, all we know are the revenues it made over the last 12 months. So valuation is almost impossible. But the focus of my post, which I had on Twitter, was that when you can't value the company, you can price it, price it based on what other companies are trading at. So for instance, if you looked at Facebook and LinkedIn and you looked at the revenue multiple that those companies trade at, which is about seventeen-and-a-half times revenue, you come up with about 10 billion...simplistic, but that's pretty much what pricing is. You base it on very simple metrics and numbers that you already know."
Research Center Events

Ross Roundtable Discusses Big GAAP vs. Little GAAP

Academics, practitioners and policymakers gathered at NYU Stern on September 23 for a roundtable discussion on “Big GAAP vs. Little GAAP: Public Company and Private Company Reporting.”
Business and Policy Leader Events

Investor and Philanthropist Nicolas Berggruen Discusses New Book with NYU Students

President John Sexton and Dean Peter Henry welcomed Stern alumnus Nicolas Berggruen (BS '81), chairman of the Berggruen Institute on Governance, to campus this month for a discussion with NYU students on his new book, "Intelligent Governance for the 21st Century."

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