Faculty News

Research Scholar Sarah Labowitz on factory conditions in Bangladesh

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Excerpt from The Washington Post -- "Although the government has registered only about 3,400 factories, Sarah Labowitz, director of the Center for Business and Human Rights at New York University, has estimated that there are closer to 6,000 -- many of them smaller buildings that subcontract with the larger companies when big orders come in. 'It’s really about the invisible factories,' Labowitz says. 'There’s a network of thousands of factories that don’t maintain direct relationships with buyers. Nobody knows how many there are.'"
Faculty News

In an op-ed, NYU Global Research Prof. Ian Bremmer discusses migration challenges in Europe

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Excerpt from TIME -- "Even for those migrants who safely reach European shores, their troubles are far from over. The EU requires that asylum petitions be processed by the country in which migrants first arrive. As a result, southern countries such as Malta, Italy and Greece have found themselves overwhelmed by the sheer numbers of incoming migrants, while richer northern countries receive relatively few."
Faculty News

Prof. Richard Sylla on the Nasdaq's 15-year record high

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Excerpt from NPR -- "'I myself have been selling stocks and raising cash, because I think I might be able to buy a lot of these stocks at lower prices, say 6 months or a year from now,' says Richard Sylla, a financial markets professor at NYU's Stern School of Business. And that means he knows about all kinds of esoteric-sounding yardsticks for measuring the stock market. On some metrics, like the 'Shiller CAPE ratio,' he says, 'our markets as a whole, they are as high as any time except 1929, 1999 and 2007.'"
Faculty News

Prof. Jason Greenberg discusses the crowdfunding of medical expenses

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Excerpt from MarketWatch -- "Crowdfunding for medical costs isn’t a new phenomenon per se. Communities have long rallied around people in need, whether that’s a house of worship taking up a collection for a grieving member or a school holding a fundraiser for a sick student. Indeed, helping 'has always been network-based,' said Jason Greenberg, assistant professor of management at NYU Stern School of Business. Before the Internet, it was just done on a much smaller scale."
Faculty News

Prof. Kim Schoenholtz's blog post on negative interest rates is cited

Excerpt from Bloomberg -- "Cecchetti and co-author Kermit Schoenholtz, of New York University’s Stern School of Business, suggest a 'cash reserve account' that would keep people from having to pay for things by sending cash in armored trucks. During the day, funds in the account would be payable just like money in a checking account. But every night they’d be swept into cash held in a vault, sparing the money from the negative interest rate that would apply to money in an ordinary checking account."
Faculty News

Prof. Robert Engle on the case against accused "flash crash" trader Navinder Singh Sarao

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Excerpt from Reuters -- "'This will raise concerns about the stability of financial markets,' said Robert Engle, finance professor at New York University's Stern School of Business. 'That this trader could put the markets in a tailspin with actions that are hard to detect is bad news.'"
Faculty News

In an op-ed, Prof. Nicholas Economides urges Greece to negotiate with creditors rather than face bankruptcy

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Excerpt from Fortune -- "Within two to four weeks, Greece will not be able to pay salaries, pensions and loan obligations to the International Monetary Fund and other lenders. The clock is ticking and time is running out. Greece must grasp the only lifeline left and negotiate with creditors now to save itself."
Faculty News

Prof. Edward Altman's Z-Score measure is highlighted

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Excerpt from CNBC -- "To figure out which big oil stocks screen as being a default risk, we used the Altman Z-Scores Plus website, founded by a former student of the Z-Score creator, New York University finance professor Edward Altman. Altman is known for his corporate distress prediction models. An Altman Z-Score of below 1.81 is considered a red flag."
Faculty News

In an op-ed, NYU Global Research Prof. Ian Bremmer argues that a US-Iran nuclear deal is likely

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Excerpt from TIME -- "The international community favors an Iran deal, and the American public is wary of undertaking military actions that could lead to another Middle East war."
Faculty News

Prof. Joel Hasbrouck on the case against accused "flash crash" trader Navinder Singh Sarao

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Excerpt from Marketplace -- "They're always difficult cases to make, because, as with the Dodd-Frank law, it's going to turn on intent - putting out a better offer that you don't intend to execute - and in any legal situation, intent is difficult to establish."
Faculty News

Prof. Arun Sundararajan's research on the economic impact of the sharing economy is featured

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Excerpt from Financial Times -- "Although the research was designed to develop an economic model to predict the effect of peer-to-peer lending, it has highlighted clear benefits for society as well. 'It [peer-to-peer lending] has got a democratising effect on access to nice stuff,' says Prof Sundararajan. 'You are democratising access to a higher standard of living.'"
Faculty News

Profs. Steven Blader and Claudine Gartenberg's research on data-driven management is highlighted

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Excerpt from Quartz -- "In a new study of a trucking company in the midst of adopting Toyota’s famous lean principles (which emphasize respect, humility, and collective outcomes over individual ones) researchers from NYU and Columbia found that putting up a leaderboard comparing individual performance had vastly different effects, depending on whether or not an individual site had undergone the new cultural training."
Faculty News

Prof. Nicholas Economides discusses a possible merger between Comcast and Time Warner

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Excerpt from HuffPost Live -- "[The potential merger] gets closer to a monopoly, but keep in mind that these companies are in different local areas, so they're not typically competing head-to-head. On the other hand, they all participate in the market of buying movies and video to show and there they will have much more power to squeeze the studios to give them lower prices. So that's a major issue, I think, for the Department of Justice."
Faculty News

In an op-ed, NYU Global Research Prof. Ian Bremmer outlines opportunities for economic growth in Cuba

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Excerpt from TIME -- "Just 110 miles off the coast of Florida, Cuba should be a natural magnet for American travelers. Despite needing to meet special criteria to receive a visa from the State Department—allowable categories include educational and journalistic activities—170,000 Americans visited the country last year. As the restrictions slacken, the sky is literally the limit."
Faculty News

Prof. Deepak Hegde is profiled

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Excerpt from Poets & Quants -- "'Focusing on the questions that you want to ask students, that really helped me become a better teacher,' Hegde says. He also learned how important it was for a professor to listen to students, and focus on what they were taking away from class content, to be sure they had the necessary understanding, and to adjust the content to maximize learning, he says. And finally, Hegde says, it’s important for B-school instructors to avoid teaching the answers to questions and problems. 'Students are both more likely to enjoy learning and to enjoy lessons by discovering it themselves.'"
Faculty News

Prof. Pankaj Ghemawat's book, "Redefining Global Strategy," is cited

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Excerpt from Forbes -- "Prof. Pankaj Ghemawat, (Redefining Global Strategy, 2007), a leading expert on globalization, outlines three generic strategies to create value..."
Faculty News

Prof. Xavier Gabaix's research on executive pay is highlighted

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Excerpt from The New Yorker -- "Indeed, a major study by the economists Xavier Gabaix and Augustin Landier, who happen to believe that current compensation levels are economically efficient, found that if the company with the two-hundred-and-fiftieth-most-talented C.E.O. suddenly managed to hire the most talented C.E.O. its value would increase by a mere 0.016 per cent."
Faculty News

Prof. April Klein on DuPont and activist investor Nelson Peltz

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Excerpt from The News Journal -- "April Klein, an accounting professor at New York University's Leonard N. Stern School of Business, agreed that Peltz's plans for DuPont has commanded institutional investor's attention. 'Once other investors see a hedge fund has a plan to increase shareholder value, they begin to support that hedge fund,' Klein said. 'It's really that simple.'"
Faculty News

Prof. Thomaï Serdari is interviewed on luxury car marketing

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Excerpt from Marketplace -- "In recent years Cadillac has had little to tout besides its high end Escalade SUV. In order to become relevant again, Serdari believes the brand needs to cut back its offerings, and go upmarket to firmly re-establish itself on the high end of luxury, a place BMW, Audi and Mercedes already occupy. 'Then perhaps they can reverse their strategy and start targeting the mass market with less expensive models.'"
Faculty News

Prof. Scott Galloway's comments on Google+ at the DLD conference are highlighted

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Excerpt from Forbes -- "'Google+ is already dead,' said Scott Galloway, Clinical Professor of Marketing, NYU Stern, Founder & CEO of L2, a business intelligence firm, in Munich last month. 'It has a 98% decline in engagement rate, year-over-year.'"
Faculty News

Profs. Adam Alter and Deepak Hegde are named to the Poets & Quants "World’s Best 40 Under 40 Business School Professors" list

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Excerpt from Poets & Quants -- "Alter provides Stern students with valuable insights into one of the most important skills in business: understanding what makes people tick. ... At Stern, Hegde has received extremely high ratings for his teaching in the part-time Langone MBA program. Of particular interest to his students may be Hegde’s research finding that venture capitalists are more likely to put money into startups with executives from the same ethnic background, and that when VCs and entrepreneurs shared the same ethnicity, startups were more successful."
Faculty News

Prof. Dolly Chugh's research on race and gender bias in academia is featured

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Excerpt from The Chronicle of Higher Education -- "Efforts to increase diversity among the faculty will be stymied if female and minority students aren’t given the same encouragement and support to enter doctoral programs, the researchers note."
Faculty News

Prof. Nouriel Roubini explains why he believes Greece's debt crisis will not lead to an exit from the European Union

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Excerpt from Bloomberg -- "I still have the view that, probably, the probability of a Greek exit from the Eurozone is very limited. Of course, both sides are playing hardball... There's not going to be any debt value reduction for the time being. Maybe maturity extension. So I'm still of the view that, step by step, they're going to reach a deal... This saga is going to continue, but short of a Greek exit."
Faculty News

Prof. Adam Alter discusses his research on pronounceable names

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Excerpt from OZY -- "Names induce certain sentiments in the same way. 'What does a name remind us of, and is it appealing — does it glide off the tongue? Those are the biggest drivers in name choice,' says Adam Alter, a marketing professor at NYU’s Stern School of Business who has studied the perception of names."
Faculty News

Prof. Nicholas Economides's research on net neutrality is highlighted

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Excerpt from Livemint -- "The entire Net neutrality debate can be seen through the prism of such platform markets. After all, the telecom company providing Internet access deals with two sides: content providers and consumers. A fine analysis of digital networks as two-sided markets was made by the splendidly named Nicholas Economides of the Stern School of Business and the Swedish economist Joacim Tag."

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