Faculty News

Professor Amy Webb's keynote address at the Ai Everything summit in Dubai is featured

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Excerpt from Tahawul Tech -- “There is a tremendous amount of misplaced optimism, and at the same time fear about AI, which has become a buzzword. The challenge we are observing with leaders from government and businesses is that they often lack context and do not actually understand what the technology is and that’s important because the decisions they are making will have long-term ramifications.”
Faculty News

Professor Scott Galloway's forthcoming book, "The Algebra of Happiness," is featured in a roundup of new releases

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Excerpt from O Magazine -- "The Algebra of Happiness: Notes on the Pursuit of Success, Love, and Meaning by Scott Galloway"
Faculty News

Professor Adam Alter's book, "Irresistible," is referenced in an article about Instagram's new trial of a version of its app that hides like counts

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Excerpt from ABC News Australia -- "Professor Alter also warned Instagram users only ever presented 'the best versions of their lives' online, which could lead to feelings of deprivation among those viewing their posts."
Faculty News

Professor Aswath Damodaran's comments on Uber's valuation are featured

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Excerpt from CNBC -- "NYU Stern professor Aswath Damodaran, known as 'Wall Street’s Dean of Valuation,' valued Uber at only $60 billion, saying the company is 'struggling with a way to convert revenue growth into profits.'"
Faculty News

Professor Allen Adamson weighs in on Marriott's entrance into the short-term rental market

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Excerpt from Bisnow Boston -- "'[Competition from Marriott] is a significant challenge for a player like Airbnb,' New York University Stern School of Business professor Allen Adamson said. 'Being first matters, but being the best wins the day.'"
Faculty News

Professors Menachem Brenner and Marti Subrahmanyam's research on options trading strategies and insider information is featured

Excerpt from Traders Magazine -- "In 'How Do Insiders Trade?' by Patrick Augustin (McGill University, Desautels Faculty of Management), Menachem Brenner and Marti G. Subrahmanyam (New York University), and Gunnar Grass (HEC Montréal), the researchers suggest a framework for how investors might best leverage their private information in the options market."
Faculty News

Professor Gustavo Schwed offers insights into Cerberus' acquisition of Remington

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Excerpt from The New York Times -- "I asked Gustavo Schwed, a professor of private equity at New York University who spent 24 years in the industry, to help me review the documents. Schwed pored over the many years of financial data and located two separate debt transactions, one of which was so esoteric I would never even have known to look for it. Together, these transactions explained not just the mysterious 2012 loan but, indirectly, the way the deal finally unraveled."
Faculty News

In a live interview, Professor Nicholas Economides shares his views on the Federal Reserve's decision to keep rates the same

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Excerpt from Yahoo Finance --"Maybe [the Fed is] going away from a more traditional model in which they looked at growth and inflation as the key variables to watch...They need to explain to us what kind of model they have."
Faculty News

Professor Michael Posner offers guidelines for consultants who engage with government clients

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Excerpt from Foreign Affairs -- "Michael Posner, director of the Center for Business and Human Rights at the NYU Stern School of Business, recommends that consultants establish clear guidelines for when to decline to work with a government, how to react when a government client asks for help on a matter that violates fundamental rights, and when to disengage from existing but inappropriate government contracts."
Faculty News

Professor Holger Mueller's joint research is highlighted in an article on the impact of recessions on firms

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Excerpt from the Harvard Business Review -- "In a 2017 study, Xavier Giroud (of MIT’s Sloan School of Management) and Holger Mueller (of NYU’s Stern School of Business) looked at the relationship between business closures and associated unemployment and falling housing prices in various U.S. counties. Overall, the more housing prices declined, the more consumer demand fell, driving increased business closures and higher unemployment."
Faculty News

Professor Sabrina Howell is interviewed about the impact of private equity investment in public prisons

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Excerpt from the The Nation -- "Under this arrangement, what’s good for the company and the government might not be good for consumers. These misaligned incentives played a role in distorting the for-profit education market. 'If anything,' she said, 'in prisons the potential for misaligned incentives is much more extreme.'"
Faculty News

Professor Jason Greenberg's research on the success of solo vs. team-led startups is spotlighted

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Excerpt from Inc. -- "Why are companies with single founders more likely to survive? The results suggest one explanation. Revenues at companies with multiple founders are lower than those at companies with a single founder."
Faculty News

In a live interview, Professor Vasant Dhar discusses how automation is impacting the workforce

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Excerpt from Fox Nation -- "I think what [employers] will try and do is change the nature of what people do -- to have them add value in some other way. ... I think stirring a little bit of love in the food is OK sometimes, but other times, it's all right to get it without that human touch."
Faculty News

Professor Arun Sundararajan’s comments on WeWork's Global Impact Report, in which he is quoted, are highlighted

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Excerpt from Curbed -- "'WeWork has created the physical-world equivalent of a digital platform, generating value by imprinting design onto physical space, which leads to network effects at both the individual and institutional levels,' according to Dr. Arun Sundararajan, professor of business at NYU and author of The Sharing Economy, who is quoted in the report."
Faculty News

In a contributed article, Professor Anika Sharma highlights the value of Pinterest for brands

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Excerpt from Ad Age India -- "For brands that are still not sure, here’s what you are missing out on: close to 60% of millennials are discovering products on Pinterest on a regular basis. Pinteresters are people with a mission, with 90% of weekly uses looking at the channel to help them make purchase decisions. These are not just ‘life moment’ shoppers, but ‘everyday’ shoppers. Which means that if your brand is not in the mix, you will soon be booted out of the weekly grocery list!"
Faculty News

Professor Priya Raghubir discusses the difference between Mastercard and Visa credit cards

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Excerpt from WalletHub -- "I dont believe there is very much. But, for me, personally, I much prefer Visa cards. The Mastercards that I have are through Citibank, and I am unsure whether it is something to do with Mastercard, or something to do with the Citibank tie-up, but they are a lot more inconvenient to use, than, for example, the Visa card I have through Capital One. There does not seem to be a system for an automatic cash-back, for one, and, for the other, there seem to be maximums on the amount of cash-back you get per year. They also charge foreign transaction fees that my Capital One Visa does not."
Faculty News

Professor Jamyn Edis discusses how AT&T's acquisition of HBO will impact the company

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Excerpt from Financial Times -- "Some current and former HBO executives described a 'country club' culture at the network. 'You had lifers who didn’t have any incentive to rock the boat. HBO was a high-margin cash cow business for Time Warner,' says Mr Edis, who is now a professor of new media at NYU’s school of business."
Faculty News

Professor Jason Greenberg is interviewed about his new joint research on the success of solo vs. team-led startups

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Excerpt from The Wall Street Journal -- "'The more cooks you put into the kitchen, the more likely there is to be disagreement about what ingredients you should use and so forth,' Dr. Greenberg says."
Faculty News

Professor Allen Adamson shares insights on the corporate cultures at IBM and Microsoft

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Excerpt from TheStreet -- "'You can change your strategy, your advertising, the money you put into research, but the hardest part is to teach old dogs new tricks,' said Allen Adamson, founder of Metaforce and professor at NYU Stern School of Business."
Faculty News

Professor Edward Altman's financial model to measure the creditworthiness of small and medium sized firms is featured

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Excerpt from Bloomberg -- "Together with Gabriele Sabato, previously head of risk appetite decisioning at Royal Bank of Scotland Group Plc, Altman founded London-based Wiserfunding Ltd. to calculate the 12-month default probability for businesses with less than 150 million euros ($168 million) of revenue. Their methods cover 19 European countries and have correctly forecast whether a company would default or stay solvent in about 90 percent of cases, Altman said in a phone interview."
Faculty News

Professor Richard Sylla is quoted in an article on Milton Friedman's views on capitalism in the US

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Excerpt from Axios -- "Some Friedman acolytes came to regret core views, since the pursuit of self-interest sometimes led companies, such as Enron, 'to do things that were not in the interest of shareholders,' said Richard Sylla, a professor emeritus at New York University."
Faculty News

In a live interview, Professor Lawrence White discusses the recent GDP growth

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Excerpt from Yahoo Finance -- "Markets are always trying to anticipate what's going to happen and they may well be looking a couple of months, a couple of quarters, down the road. There's, I think, a good case to be made [that] this has been due to a number of one-off things. For example, recovering from the government shutdown that was at the end of the last quarter. There's some one-off international trade things. Look, I would love for this strong growth and low inflation and low unemployment all to persist, but I wouldn't want to bet the farm."
Faculty News

Professor Anindya Ghose shares how Amazon's move to one-day shipping will impact consumers' shopping habits

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Excerpt from Marketplace -- "Look, if you reduce it [shipping time] from two days to one day, you are going to more than double the volume [of Amazon purchases]."
Faculty News

Professor Robert Engle's remarks at the Volatility Institute's 11th annual conference are highlighted

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Excerpt from Forbes -- "To illustrate important themes of the 11th Annual Volatility Institute Conference, 'Financial Volatility in an Age of Geopolitical Risks,' Nobel Laureate Robert F. Engle shared stimulating and often humorous food for thought. 'We are drowning in information but starving for knowledge' John Naisbitt 'At the end of the day, every politician is human, but what about the rest of the day?' Stephen Colbert 'A fool and his money are soon elected.' Will Rogers"
Faculty News

Professor Arun Sundararajan is quoted in an article on former Uber CEO Travis Kalanick's potential earnings from the company's IPO

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Excerpt from CBS News -- "More unusual is for a deposed founder to see such outsized gains in an IPO involving a company he or she no longer runs, said Arun Sundararajan, a professor at New York University's Stern School of Business. 'I can't recall a time when the single biggest beneficiary of an IPO is no longer involved when they go public,' he said."

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