Faculty News

Professor Richard Berner's joint research on financial data standardization is featured

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Excerpt from Reuters -- "'Data standardization is critical to that undertaking. This is one of the core lessons of 2008 that has only been partially realized thus far,' adds Berner, who is now at New York University’s Stern Business School."
Faculty News

Professor Nicholas Economides explains why he believes the Federal Reserve is taking a "wait and see" approach to interest rates

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Excerpt from Yahoo Finance --"I think that the general expectation is that GDP growth is going to slow down, but I don't think we are going to have a recession. So, again, the language that I hear says that the Fed is going to be cautious and patient."
Faculty News

Professor Al Lieberman is quoted in an article on the factors brands should consider when choosing a spokesperson

Excerpt from Adweek -- "Al Lieberman, an academic authority in entertainment marketing and the head of the Entertainment, Media and Technology Initiative at New York University’s Stern School of Business said, 'Global markets have their own form of barriers to certain celebrities due to ethnicity, gender, sexual orientation, background and on occasion even roles they have played.'"
Faculty News

Professor Allen Adamson is interviewed for a story on designer Karl Lagerfeld's legacy

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Excerpt from Luxury Daily --  "Not only was he able to steward and curate and energize the Chanel brand, but at the same time he was able to build his own brand separate and distinct from Chanel, which is a very tricky, balancing act to do," said Allen Adamson, cofounder of marketing firm Metaforce and adjunct professor at NYU Stern School of Business."
Faculty News

Professor Alixandra Barasch's research on the benefits of sharing candid photos is included in a story on social media sharing

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Excerpt from WIRED -- "Something like 95 percent of photos on the internet are posed, says Alix Barasch, who teaches marketing at NYU. She’s found that people almost always prefer the other 5 percent—the candids—and come away with a more positive impression of candid photos’ subjects."
Research Center Events

Panel on US Trade Policy

NYU flags outside of the Henry Kaufman Management Center
The NYU Stern Center for Global Economy and Business will host a Panel on US Trade Policy on February 20, 2019.
Faculty News

Professor Aswath Damodaran's research on corporate profits is spotlighted

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Excerpt from Forbes -- "If you really want to get hot under the collar, consider the work of Aswath Damodaran, a professor of finance at the Stern School of Business at New York University. In trying to research profits of the pharmaceutical industry for a piece I was writing, I stumbled across some marvelous tables that Damodaran regularly updates, looking at the average financial performance of nearly 100 industries."
Faculty News

In a live interview, Professor Paul Romer weighs in on the economic impact of proposed higher wealth taxes

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Excerpt from Bloomberg -- "It's probably good to start with the basics. One question is how much total tax is the government going to collect. Then, the second one is who pays which portion of that. A lot of the discussion right now is about adjusting how much different groups pay, and, in general, the democrats are saying the rich should pay more. There is some suggestion, as well, that there are ways to collect more total revenue and do new things, but it's probably helpful to keep those two things separate. So the debate is either about who pays or what do we want to do with some additional revenue."
School News

MBA student Nica Langinger explains how Stern’s NYC location and focus on EQ attracted her in a trend article on choosing the right b-school

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Excerpt from BusinessBecause -- "'It was important to me to experience something entirely new,' she asserts. ... 'Stern appealed to me because of its prime location and commitment to fostering emotional quotient within its student body,' she says."
Faculty News

Professor Michael Spence's work on job creation is referenced in a story on the skills gap

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Excerpt from Forbes -- "Godin quotes Nobel prize-winning economist Michael Spence who divides up jobs between those that are tradeable and could be done somewhere else such as manufacturing a car; and those that are non-tradeable like frying fish and chips. Spence’s killer finding, says Godin, is that in the USA alone only 600,000 new tradeable jobs were added between 1990 and 2008."
Faculty News

Professor Allen Adamson shares why he believes Amazon's scrapped plans for a headquarters in New York City will damage its brand over the long term

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Excerpt from TheStreet -- "'They missed an opportunity to build perceptions of their corporate citizenship, which is going to be more important as they've gotten so colossal,' Adamson added."
Faculty News

Professor Thomaï Serdari is interviewed about how luxury brands can learn from backlash over culturally insensitive products and avoid creating them in the future

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Excerpt from Knowledge@Wharton on SiriusXM -- “Companies need to understand what it means to operate globally and to understand who that upper tier luxury consumer is. An interesting thing is that a lot of these luxury consumers are younger today, so these companies are addressing a younger generation. And even though these consumers may not be African American, for example, they are sensitive because younger customers are a little bit more sensitive, regardless of what their own cultural background is.”
Faculty News

Professor Vasant Dhar provides advice on how to choose a financial advisor

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Excerpt from The Wall Street Journal -- "'A robot has no consciousness, no ethics,' says Vasant Dhar, a professor of information systems at New York University’s Stern School of Business who runs a robo adviser for institutional investors. Without those qualities and the resulting moral code, a robot wouldn’t be capable of always acting on your behalf, he says."
Faculty News

Professor Adam Alter is interviewed for a story on the evolution of the color pink

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Excerpt from CBS Sunday Morning -- "'[Eloise] basically owned a version of pink and said, "Pink can also be mischievous. It could be a little bit more playful,"' Alter said. 'That was a really good thing for the color pink. Gave it this extra dimension, and meant that pink didn't just mean being very well-behaved and doing exactly the right thing all the time. It also meant being yourself, and being the real version of who you are.'"
School News

Senior Research Scholar Steven Altman is quoted in a feature article on his work with Professor Pankaj Ghemawat and Associate Research Scholar Phillip Bastian on the DHL Global Connectedness Index

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Excerpt from The New Times -- "'Surprisingly, even after globalisation’s recent gains, the world is still less connected than most people think it is,' commented GCI co-author Steven A. Altman, Senior Research Scholar at the NYU Stern School of Business and Executive Director of NYU Stern’s Center for the Globalization of Education and Management."
Faculty News

Professor Amy Webb's forthcoming book, "The Big Nine: How the Tech Titans and Their Thinking Machines Could Warp Humanity," is excerpted

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Excerpt from WIRED -- "Regardless of what orders might be signed or what new strategies are put into action, Washington is going to have a recruitment problem: There just aren’t enough incentives to lure AI talent away from high-paying jobs with great benefits into a life of public service."
Faculty News

Professor Lawrence White is quoted in a story on the future of NYC's tech scene after Amazon's exit

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Excerpt from NBC News -- "'The activists stopped Walmart from coming in,' White said. 'It was a symbolic event, but it did not stop the advancement of other big box operations.'"
Faculty News

Professor Ari Ginsberg is interviewed for an article on how Amazon's scrapped plans to open headquarters in NYC will impact the local economy going forward

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Excerpt from NBC News -- "'This was a big fish,' Ginsberg said. Amazon would have created a 'positive loop — the ecosystem continues to grow new firms. Amazon would have been providing new sources of tax revenue in a city with crumbling infrastructure.'"
Faculty News

Professor David Yermack's joint research on the performance of endowment funds is featured

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Excerpt from ETF.com -- "Dahiya and Yermack found that the performance of the typical endowment fund was so poor that it would have earned substantially higher returns if its trustees had followed a simplistic investment strategy of holding 100% Treasury bonds and taken no equity market risk whatsoever."
Faculty News

The Dunning-Kruger effect, joint research by Professor Justin Kruger, is referenced

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Excerpt from NPR -- "In other words, the Dunning-Kruger effect is people think they know more than they do or they underestimate what they don't know about a topic. And we see this all of the time at Thanksgiving dinner or on Twitter."
Faculty News

Professor Arun Sundararajan is quoted in a story on Uber's financial results and prospects for long-term success

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Excerpt from the The New York Times -- "'I believe investors will forgive even higher fourth-quarter losses if there's evidence of significant topline growth,' said Arun Sundararajan, a professor of business at New York University Stern School of Business."
School News

Center for Business and Human Rights Sani Fellow Casey O'Connor shares findings from her joint research on ESG governance

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Excerpt from Directors & Boards -- "Practically speaking, directors can most easily identify the issues they ought to focus on by looking at the principle profit drivers of their industry and assessing when and how those are in tension with desired social outcomes."
Faculty News

Professor Ari Ginsberg explains why he believes Amazon's canceled plans to build headquarters in New York City are a lost opportunity

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Excerpt from BBC -- "I think it's unfortunate.... Having Amazon here would create even more business, and it would create business not only for the tech sector and keep the talent here that would otherwise leave and also, of course be more attractive to talent coming here versus other areas..."
Faculty News

Professor Susan Stehlik is quoted in a story on waking up early and productivity

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Excerpt from BBC -- "Susan Stehlik, director of New York University’s management communications programme, suggests offices and teams use a technique called 'appreciative inquiry'. This means that the team sits down at the very initial stages of a project and brings up their individual needs, schedules and preferences right out of the gate to the group – ideally, so that the group can adjust accordingly."
Faculty News

Professors Tülin Erdem and Thomaï Serdari are interviewed for an article on how fashion companies can avoid future scandals with culturally insensitive items

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Excerpt from the CNN -- "'The fashion industry is a primarily white industry,' says Thomaï Serdari, a luxury branding strategist who teaches marketing at New York University. 'There's a very small percentage of people of color in the industry, especially as brand owners or as executives of high level within these corporations.' ... 'Offending somebody in this obvious way shows something fell through the cracks," says Erdem. 'If you have the right culture, these mistakes won't occur or it will be very, very unlikely. To me, it does reflect that organizationally, it's not quite right.'"

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