Faculty News

Prof. Aswath Damodaran on the revenue growth rate of companies that have undertaken an IPO

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Excerpt from The Australian -- "Aswath Damodaran, professor of finance at New York University's Stern School of Business, says the revenue growth rate of the 'median' IPO company is 15 per cent higher than the revenue growth rate of other companies in the sector one year after the IPO."
Faculty News

Research Scholar Robert Frank's book, "The Darwin Economy," is reviewed

Excerpt from Sydney Morning Herald -- "So why does Frank think economists will come to see Darwin as the true father of economics rather than Smith? Because Darwin's study of the natural world led him to a deeper insight about the often flawed nature of competition." Additional coverage appeared in The Sydney Morning Herald and Barron's.
Faculty News

Prof. Deepak Hegde's research on venture capital investments based on ethnicity is featured

Excerpt from Outlook Business (India) -- "Research has shown that venture capital (VC) funds are more willing to invest in companies with executives that share the same ethnicity as the partners of the VC fund."
Faculty News

An interview with Research Scholar Robert Frank on his book, "The Darwin Economy"

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Excerpt from VoxEU -- "I've made a fearless prediction that in 100 years time, people like you and me will check Darwin's name when they're asked to fill out a survey identifying the father of modern economics."
Faculty News

Prof. Michael Cohen on iPhone theft

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Excerpt from International Business Times -- " ... the thief steals an iPhone because it's there, not because the thief has affection for Apple's iPhone, but because society does."
Faculty News

Prof. Paul Romer's research on the importance of processes, rules and systems is highlighted

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Excerpt from The New York Times -- "You can make a good argument — as Romer and others do — that the greatest opportunities for progress today lie with better rules and systems. Improving schools is more about process than laptops." Additional coverage appeared in Nassau Guardian.
School News

Undergraduate student Jennifer Wallace on the state of the global economy

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Excerpt from Financial Times video -- "...although the economy is not in an ideal situation, I would say I'm definitely optimistic about the future."
Faculty News

Prof. Jonathan Haidt is highlighted for his research on how people behave in society

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Excerpt from Forbes -- "Interesting new research about how people think, behave and operate in society is quickly repackaged for broader audiences. The new literati of the genre include David Brooks, Jonathan Haidt, Dan Ariely, and Daniel Kahneman."
Faculty News

Prof. Matthew Richardson on the Basel III Accords and the Fed's capital proposal

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Excerpt from Reuters blog -- “My main problem with Basel III Accords is that they’re a lot like Basel II, which are a lot like Basel I. And that approach does not seem to work. It chooses winners and losers by the way they impose capital requirements. It’s very institution-based so it allows systemic risk to build up in the system.”
Faculty News

Prof. Amity Shlaes is highlighted for dining with George W. Bush

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Excerpt from New York Post -- "George W. Bush dined at Robert at Columbus Circle with John and Margo Catsimatidis, Henry Kravis, Chris Ruddy, Ambassador Bruce Gelb, Ambassador Brenda Johnson, Seth Lipsky, Amity Shlaes and Alexandra Preate."
Faculty News

Research Scholar Robert Frank's Toil Index is highlighted

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Excerpt from Washington Post -- "My entry is the attached graph of what I call the Toil Index. It's an index I constructed to portray the most dramatic element of the middle-class squeeze -- the effort required to rent a house served by a school of average quality. "
Faculty News

Prof. Nouriel Roubini on Italy's debt problems

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Excerpt from Forbes -- "The size of Italy’s debt burden has precluded an official sector backstop up to this point, and debt restructuring may indeed be too much for the French banking system to handle."
Faculty News

Nobel Laureate Prof. Michael Spence on the outlook for US economic power

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Excerpt from Council on Foreign Relations -- "We're entering a period in which our economic power and national influence are going to be more broadly spread out. And we'll need help to manage the whole operation in terms of security and economic balance and sustainability -- but we're going to have to figure out how to do it together, without being a dominant player."
School News

The NYU Stern Systemic Risk Rankings are highlighted

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Excerpt from The Huffington Post -- "A recent study by NYU's Stern School of Business ranks BofA as the most systemically risky firm in the United States."
Faculty News

An op-ed by Prof. Evan Shapiro on how "TV time" brings his family together

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Excerpt from The Huffington Post -- "In my humble opinion, 'TV Time' is a crucial tool to re-open the lines of communication and tear down the silos we've built around ourselves."
School News

"The Rap Guide to Business," written to welcome a new NYU Stern class is referenced

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Excerpt from Associated Press -- "His work on Chaucer led to 'The Rap Guide to Evolution,' 'The Rap Guide to Human Nature' and 'The Rap Guide to Business,' which he was commissioned to write to welcome a new class at New York University's Stern School of Business."
Faculty News

In an op-ed, NYU Stern faculty say the euro is not even close to being saved

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Excerpt from The Huffington Post -- "There is only one relevant question with respect to last week's summit in Europe on saving the euro: Is it enough to halt or reverse the run on the European banking system? Not even close."
Faculty News

Prof. Xavier Gabaix on consumer myopia

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Excerpt from Kiplinger's -- "'When I went from paying for the extras to buying just the bare-bones wash and saving a ton of money, I transitioned from being a myope to being a sophisticate,' according to Harvard economics professor David Laibson and now NYU economics professor Xavier Gabaix." Additional coverage appeared in NASDAQ.
Faculty News

Prof. Michael Jung's research on investors' access to management is featured

Excerpt from The Economist -- "Bushee and co-authors Michael J. Jung and Gregory S. Miller define selective access as the opportunity for investors to meet privately with management in individual or small group settings at invitation-only investor conferences."
Faculty News

Nobel Laureate Prof. Michael Spence's research on US job creation is cited

Excerpt from The Economist -- "If we go back and look at the paper by Michael Spence and Sandile Hlatshwayo on net job creation, we see that while non-tradable sectors have been responsible for nearly all of the economy's employment growth since 1990, the tradable sector has generated the bulk of the economy's increase in value added."
School News

An op-ed by MS in global finance student Deroy Murdock on the economic dynamism found in Hong Kong

Excerpt from Union Leader -- "Beyond the intricate Chinese pictograms captured in iridescent neon and the incense spirals that smolder in the Man Mo Taoist Temple on Hollywood Road, Hong Kong's most exotic gift to a visiting American is a reminder of how economic dynamism looks."
Faculty News

Research Scholar Robert Frank on taxation

Excerpt from Slate -- "Taking their money and giving it to people who need it more produces a much more efficient allocation of society's material resources. That's why Robert Frank and many of the rest of us think a steeply progressive consumption tax would be a big winner for America."
Faculty News

Research Scholar Robert Frank's book, "The Darwin Economy," is highlighted

Excerpt from The Fiscal Times -- "As Robert Frank explains in his book 'The Darwin Economy,' requiring the rich to pay a larger share allows us to have more goods and services than we would have with a more equal tax structure – we can make everyone better off – and this improves economic efficiency."
Faculty News

Faculty News

Prof. Joel Rubinson on belief repositories

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Excerpt from Business Insider -- “Belief repositories are fueled by hard evidence but can lead marketing teams to make investments where no experiment or marketing mix model has yet been run.”

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