Faculty News

Prof. Thomas Sargent expresses his optimistic view of the Chinese city of Kashgar

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Excerpt from Xinhua -- "In the eyes of Thomas J. Sargent, 2011 Nobel laureate in economics, Kashgar as a post along the Silk Road Economic Belt is no less important now than in ancient times. Sargent has visited many countries along the Silk Road, but it was his first time in northwest China's Xinjiang Uygur Autonomous Region over the weekend, as he attended a two-day international forum on the Silk Road Economic Belt. The forum focused on the development of central Asia."
Faculty News

In an op-ed, Prof. Michelle Greenwald demonstrates how male-oriented businesses use Pinterest

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Excerpt from Forbes -- "Best-case corporate uses of Pinterst include a mix of company generated pins (some of prior blog posts), and curated customer generated content the company screens and chooses. Pinterest provides another way to deliver branded content that target customers will want to read, because it can help them in their jobs and personal lives, and is relevant and interesting."
Faculty News

Prof. Scott Galloway on Facebook's new "buy" button

Excerpt from Bloomberg -- "Will it work? Probably not. And the same reason why we don't buy products or shop online when we're in a bar, why you're not in a commerce orientation when you're on vogue.com... A lot of stores opened on Facebook in 2012 and the majority of them closed in 2013. We're just not in a buying mood when we're looking at our friends' kids' pictures... What it probably is is a trojan horse to get your credit card number. Because once you have someone's credit card number, you're much further down the funnel in terms of things you can offer them and make it very seamless and frictionless for them to buy something."
Faculty News

Prof. Aswath Damodaran's valuation of Uber is highlighted

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Excerpt from Forbes -- "Less speculative appraisals suggest a lower number; a fine-mined analysis by Aswath Damodaran, a finance professor who teaches equity valuation at NYU's Stem School of Business, pegged Uber's intrinsic worth at $6 billion."
Faculty News

Prof. Aswath Damodaran's blog post on Janet Yellen's recent remarks on stock market conditions is featured

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Excerpt from Business Insider -- "While the Fed (or any central bank) does sometimes make generic (and opaque) statements about overall market valuations, it is unusual for it to be this specific about individual sector valuations. In my view, it not only over stepped its bounds but strayed far from its expertise, which is not valuation."
School News

Dean Peter Henry discusses increased financial aid for scholarships at Stern

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Excerpt from Business Insider -- "New York University’s Stern School reported an impressive 11.3% drop in average MBA debt to $93,832 from $105,782 in 2012. Stern Dean Peter Henry says a major concern for him is “accessibility” to higher education. One of his top priorities is to raise more money for scholarships for both undergraduate and graduate students. The reason average debt is down at Stern, he says, is increased funding for scholarships and a new program that forgives loans if a graduate pursues a career in the social sector."
Faculty News

Prof. Lawrence White on Wall Street's current low trading volumes

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Excerpt from Marketplace -- "'For there to be trades, there have to be differences of opinion,' says Lawrence White, a professor of Economics at the NYU Stern School of Business. 'Somebody has to think, "It’s a good time to buy!" and somebody else has to think, "It’s a good time to sell!" When trading volumes are lower, it just means there’s less diversity of opinion, more consensus.'"
Faculty News

Prof. Robert Seamans's research on the impact of Craigslist on concert ticket sales is featured

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Excerpt from The Wall Street Journal -- "In research recently published in Strategic Management Journal, a trio of business-school professors from New York University, Harvard University and the University of Southern California examined the effect that Craigslist had each time it launched in a different local market, from 2003 to 2008. The online-classifieds company is a popular online marketplace for fans looking to buy and resell tickets. They found that after Craigslist launched in a given vicinity, regardless of the market size or geographical location, promoters generally reacted by raising prices along with booking smaller venues or taking other measures to get shows closer to selling out. It is generally more profitable to sell out a venue with fewer seats at higher prices than to sell only a portion of the available tickets at a bigger venue."
Faculty News

In an op-ed, Research Scholar Sarah Labowitz offers lessons from Detroit that can be applied to improving factory safety in Bangladesh

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Excerpt from Quartz -- “Detroit is a long way from Dhaka, but the American city’s effort to address blight offer lessons for cleaning up the garment sector in Bangladesh. Released in May, the Detroit’s Blight Removal Task Force’s plan (pdf) offers a practical vision for addressing the more than 78,000 dilapidated buildings that are the primary obstacle to the city’s growth and vitality. In the year since the factory collapse in Dhaka, which killed more than 1,100 garment workers, brands and policymakers have focused on improving inspection in a subset of factories producing for the export market. … The next important step for Bangladesh—and the brands and retailers that depend on the country’s apparel sector—is developing a comprehensive plan for relocating, closing, and fixing factories. Here’s where Detroit can help.”
Faculty News

In an op-ed, Prof. Michael Spence discusses political risks to the global economy

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Excerpt from Project Syndicate -- "The global economy is a far more highly interconnected place than it was 40 years ago. The cross-border flows of goods, information, people, and capital that are its lifeblood rely on a threshold level of safety, stability, and predictability. It is this threshold that appears to be under threat. Continued economic progress in the developing world and recovery in the developed countries requires preventing local and regional conflict from delivering large systemic shocks."
Faculty News

Prof. Yakov Amihud on the impact of activist investors

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Excerpt from Fortune -- "'It is hard to say, based on the results, whether the activist investor is doing anything beneficial for the company or whether the activist investor is just a good stock picker,' says Yakov Amihud, a finance professor at New York University’s Stern School of Business."
Faculty News

Prof. Arun Sundararajan on sharing economy start-ups that sell people's second-hand goods

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Excerpt from TIME -- "'People are seeking out human connection in our day-to-day economic transactions,' says Arun Sundararajan, a business professor at New York University who studies these budding economies. 'There is a noneconomic value that comes from giving your stuff to other people'"
Faculty News

Research Scholar Sarah Labowitz on the challenges of improving factory safety in Bangladesh

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Excerpt from Quartz -- "'It’s a reflection of the fact that Bangladesh is at the beginning of the chain for manufacturing.' said Sarah Labowitz, a research scholar on business and human rights at NYU Stern School of Business, and a co-author of Stern’s report on supply chains and sourcing after Rana Plaza (pdf)."
Faculty News

Prof. Vicki Morwitz's research on retail pricing strategies is featured

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Excerpt from Fox Business -- "'Consumers seem to prefer many small discounts to a few large ones and their perceptions of average prices do not drive their store choices,' the researchers wrote. 'One reason consumers find these retailers so attractive is that their product prices tend to be cheaper than those of their competitors on the majority of shopping trips.'"
Faculty News

Prof. Russell Winer on Ryder's new ad campaign

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Excerpt from The New York Times -- "Russ Winer, a professor of marketing at the Stern School of Business at New York University, said the campaign was 'an important thing for Ryder to do' for businesspeople who have misperceptions about its current strategy."
Faculty News

Prof. Russell Winer discusses his research on consumers' willingness to pay more for socially responsible goods

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Excerpt from Associated Press -- "While companies sell Fair Trade food, clothing and bedding products because they believe in being socially responsible, the goods can also be part of a marketing strategy, says Russell Winer, a marketing professor at New York University's Stern School of Business. Sixty percent of shoppers are willing to pay the higher prices that Fair Trade items tend to have, according to a 2013 study he co-wrote."
Faculty News

Prof. Xavier Gabaix's research on CEO pay is cited

Excerpt from Slate -- "A 2008 paper by Xavier Gabaix and Augustin Landier concluded that the entire 'six-fold increase of U.S. CEO pay between 1980 and 2003 can be fully attributed to the six-fold increase in market capitalization of large companies during that period.'"
Faculty News

Prof. Michael Posner on John Napier Tye and the scope of US surveillance

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Excerpt from The Guardian -- "[Michael] Posner, now a professor at New York University, called Tye 'conscientious, diligent and honest. A very dedicated public servant'. Posner declined to give his own perspective on 12333 or Tye's op-ed, but commented: 'I am broadly concerned that there needs to be a broader public debate about the scope of US surveillance, the consequences for privacy, and the way information is both collected and used.'"
Press Releases

Retail Pricing Strategies: Do Shoppers Prefer Deep Discounts or Everyday Low Prices?

In a new study, NYU Stern Professor Vicki Morwitz and her co-authors, Shai Danziger of Tel Aviv University and Liat Hadar of the Interdisciplinary Center Herzliya, find that consumers who try to maximize savings will choose retailers that they believe offer lower prices more often.
Faculty News

Prof. Anindya Ghose explains why Secret's potential Facebook integration is surprising

Excerpt from E-Commerce Times -- "Since secrecy is such an integral component, it seems a little surprising that Secret would want to add Facebook integration, said Anindya Ghose, professor of IT and marketing at New York University and co-director of the Center for Business Analytics at NYU Stern. ... 'At first glance, it seems counterintuitive to me. The foundation of Secret is based on preserving anonymity. A potential integration with Facebook can jeopardize the comfort feeling that current users have with this app,' Ghose suggested."
Faculty News

Prof. Charlie Murphy comments on Rupert Murdoch's proposed acquisition of Time Warner

Excerpt from Bloomberg -- “'People who are conservative can unload the stock because there’s probably a line around the block of hedge funds and risk arbs that are willing to take the risk,' said Charlie Murphy, a professor of investment banking at New York University’s Stern School of Business. 'There’s a lot of demand out there because it’s a really exciting deal.'”
Faculty News

Prof. John Horton comments on labor practices of sharing economy businesses like TaskRabbit

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Excerpt from The New Yorker -- "This isn’t to say that TaskRabbit is to blame for the present state of affairs; in fact, it’s probably helping underemployed people find work that might otherwise have been difficult to track down. 'Increasing demand for relatively low-skilled people is an attractive proposition,' [John] Horton told me. 'Sometimes the sharing-economy rhetoric is sort of BS-y. It really is rich people buying from poor people. But that’s not necessarily a bad thing.'”
Faculty News

Prof. Arun Sundararajan explains why services like Homejoy are creating a more valuable product

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Excerpt from SF Gate -- "NYU business professor Arun Sundararajan said he sees the change as a positive. 'It counters the argument that these platforms are creating low-wage jobs that will suck the life out of the economy,' he said. Services like Homejoy that provide training, employee background checks and other features, 'are creating a more valuable product so they can charge a higher price.'”
Faculty News

Prof. Anat Lechner provides advice for dealing with a difficult manager

Excerpt from Ignites -- "Bad bosses are typically insecure, says Anat Lechner, a business management professor at the Stern School of Business at New York University. Currying favor across the organization can help provide cover. 'If you establish yourself as central to the network within your workplace, your boss is not going to target you,' Lechner says. 'By targeting you, [your manager] is going to be alienated by many more people.'"
Faculty News

During an in-depth Q&A, Nobel Laureate Prof. Robert Engle discusses the ARCH model, systemic risk & forecasting liquidity

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Excerpt from CFA Institute -- "I don’t think there is one right way to do investing. The markets accommodate all these different points of views, and actually there is money to be made [using many of these approaches] although it’s getting harder all the time. People have the same skill sets, and they are all pretty well tagged up."

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