Faculty News

Professor Jonathan Haidt is quoted in a feature story on the “Intellectual Dark Web” (IDW)

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Excerpt from Politico -- "Haidt, co-author of the recent book The Coddling of the American Mind, called Quillette in an email 'a gathering place for people who love to play with ideas and hate being told that there are ideas they are not supposed to play with.'"
Faculty News

Professor Adam Alter is quoted in a feature story on new devices designed to reduce tech use

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Excerpt from The Wall Street Journal -- "'Giving people a phone that does less is asking a lot of consumers,' said Adam Alter, associate professor of marketing at New York University and author of the book 'Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked.'"
Faculty News

Professor Robert Engle explains the role systemic risk plays when forecasting the next possible banking crisis

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Excerpt from Fairfield County Business Journal -- '"It is 10 years since the Lehman Brothers bankruptcy,' observed Robert F. Engle, the 2003 Nobel Prize for Economics laureate, during a recent presentation at Sacred Heart University’s Center for Applied Business Research. 'At the time, we had very sketchy theories about systemic risk, whether we could have financial meltdowns or not. Over the last decade, we learned lots of things. We have lots of research now that helps us understand where financial crises come from and how likely they are to happen again.'”
Faculty News

Professor Nouriel Roubini offers thoughts on the potential long-term effects for the US economy following a period of rapidly-rising interest rates

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Excerpt from Yahoo! Finance -- “'Second, because the stimulus was poorly timed, the US economy is now overheating, and inflation is rising above target. The US Federal Reserve will thus continue to raise the federal funds rate from its current 2% to at least 3.5% by 2020, and that will likely push up short- and long-term interest rates as well as the US dollar,' Roubini said, predicting a major financial crisis by 2020."
Faculty News

Professor Scott Galloway explains why he believes Amazon's search for a location for its second headquarters was a con

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Excerpt from Recode -- "Amazon is now talking about having three headquarters, Seattle, Crystal City and Long Island City. The Bezos’ also own three homes, and the average distance from those three homes to a headquarters is 6.4 miles, so this was never a contest. It was a con meant to induce ridiculous terms that they then took to the cites all along that they knew they were going to be in."
Faculty News

In an in-depth Q&A, Professor Edward Altman discusses how financial markets have changed in the 50 years since he developed his Z-score model of predicting bankruptcy

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Excerpt from Bloomberg -- "Since then, the accuracies have been somewhere between 80 percent and 90 percent based on one year before bankruptcy. The accuracy is not as high as when we first built the model, but it’s still being used. There are other variables that one could use, and it probably makes sense to build new models using new tools such as machine learning."
Faculty News

Professor Robert Salomon discusses Starbucks' expansion strategy in China

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Excerpt from the CNN-- "The decision to step back from those markets in Western Europe may have been driven by how competitive the market is there, said Robert Salomon, a professor of international management at NYU's Stern business school. 'It's very difficult for them to enter with a proposition to say "Hey, we're the espresso coffee company,"' he noted. But in China, Starbucks can set itself up as a coffee destination."
Faculty News

Professor Dolly Chugh shares tips for managers to hold inclusive meetings, from her book, "The Person You Mean to Be"

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Excerpt from TED -- "'You can think of diversity as the gateways — to schools, communities, organizations — while inclusion includes the pathways that lead up to and through those gateways. Gateways include decision points such as admissions, hiring, promotions and salary decisions. Pathways are the moments that can shape those outcomes, but they tend not to be trackable by official statistics."

 
Faculty News

Professor Anat Lechner weighs in on the company culture at Havas in Chicago

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Excerpt from Ad Age -- "Anat Lechner, a clinical associate professor of management and organizations at NYU's Stern School of Business, said that having an office party with a partly clothed dancer is disrespectful to employees and indicates that such behavior is tolerated at the highest levels. 'In a day and age when Me Too is so pervasive, to hold an event like this you have to be ... I don't even know what. Blind at best,' she says."
Faculty News

Professor Baruch Lev's book, "The End of Accounting," and blog post on the decreasing usefulness of traditional financial reporting, is featured

Excerpt from InformationWeek -- "New York University Stern School of Business Professor Baruch Lev co-authored a book entitled The End of Accounting, which identifies a disconnect between the traditional accounting of tangible assets and how that applies to intangible assets. As he points out in his blog, '[C]orporate balance sheets proudly exhibit industrial age buildings, machines and inventory, while blockbuster patents or leading brands are MIA on the balance sheet.'"
Faculty News

Professor Arun Sundararajan comments on Uber's monetary ties to the Saudi Arabian government

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Excerpt from Chicago Tribune -- “'There was a general perception that they would take money from anyone,' said Arun Sundararajan, a professor at New York University’s business school who wrote a book titled “The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism.”
Faculty News

Professor Tensie Whelan's presentation of the Center for Sustainable Business' Sustainability Monetization Framework at the Sustainable Brands' New Metrics '18 Conference is featured

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Excerpt from Sustainable Brands -- "Kicking off the conference was NYU Stern Center for Sustainable Business (CSB) Director Tensie Whelan, who broke down the Center’s new Sustainability Monetization Framework tool for unlocking growth opportunities."
Faculty News

Professor Joe Foudy is interviewed about how the midterm election results might impact international trade

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Excerpt from euronews -- (translated from Spanish using Google Translate) "Foudy believes that if Trump loses the mid-term elections, a quick deal with Europe would be possible: 'Most trade negotiations are measured in years, sometimes in decades and not in months... I believe that if the President feels hurt in these elections, Europe could really see an opportunity to close a deal and see it in the next 3 or 4 months on the most favorable terms.'"
Faculty News

In an op-ed, Professor Suraj Patel argues that businesses in the private sector should do their part to foster voter turnout

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Excerpt from Crain's New York Business -- "This is tremendously important, not just because it gives employees the time and flexibility to vote, but because it provides them with another nudge that it's Election Day. When your CEO emails you and sends a calendar invite about the importance of voting, you get the message."
Faculty News

Professor Lawrence White discusses why Wall Street and tech companies donate money to democratic political candidates

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Excerpt from InsideSources -- "'Money gets you access,' said Lawrence White, professor of economics at New York University’s Leonard N. Stern School of Business. 'Even if it comes a Democratic Congress, and there’s financial reform regulation on the table, the Wall Street guys want to be able to talk to the staff of the Senate Banking Committee and the House Financial Services Committee,and just point out, here are the implications [from our end].'"
Faculty News

Professor Melissa Schilling weighs in on what Tesla needs from its new chairman

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Excerpt from Forbes -- "'Given Tesla's struggles to scale production of the Model 3, someone with deep experience in managing large-scale, high-tech manufacturing and the associated supply chain might be extremely valuable for the board,' said Melissa Schilling, an innovation and strategy professor at New York University who has followed Tesla and SpaceX very closely and served on the National Academy of Sciences committee on 'Overcoming the Barriers to Adoption of Electric Vehicles.'"
 
Faculty News

Professor Scott Galloway's blog post on the connection between digital media and mental health problems, referencing Professor Jonathan Haidt’s book, “The Coddling of the American Mind,” is featured

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Excerpt from MarketWatch -- "I believe the real fire starter is the tobacco of our generation, social media, and the algorithms that have determined that the path to more engagement, clicks, and Nissan ads is paved in rage. The algorithms sense if you lean left or right, then begin shoving you to the poles and serving you increasingly provocative and extreme content you can’t turn away from, to scratch a tribal itch."
 
Faculty News

Professor Anindya Ghose highlights the advantages of a retailer like Walmart using virtual reality to train its in-store employees

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Excerpt from Digiday -- "'It’s costly to create an environment for training that doesn’t happen that often,' said Ghose. 'You’re trying to train employees for some weather-related disaster, so creating an environment like that in the real world is going to be tricky or expensive. So, why not have employees simulate that? In this way, you save a bunch of money.'"
Faculty News

Professor Michael Spence explains why he believes the US-China trade negotiations will continue for some time

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Excerpt from CNBC -- "'I think nobody knows what they (the U.S.) would view as a successful conclusion including, by the way, the Chinese. There is some confusion about the more precise aims of what this exercise are,' he said."
Faculty News

Professor Joe Foudy offers insights on the decrease in manufacturing jobs in New York State amid the release of new employment data

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Excerpt from The New York Post -- "And like the overall economy, New York state has a trade deficit with China, according to Joseph Foudy, an economics professor at New York University."
Faculty News

Professor Arun Sundararajan is quoted in a feature story on Uber's ties to the Saudi Arabian government and the challenges its new CEO faces in rebuilding the company’s reputation

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Excerpt from Bloomberg -- "'There was a general perception that they would take money from anyone,' said Arun Sundararajan, a professor at New York University’s business school who wrote a book called The Sharing Economy."
 
Faculty News

Professor Baruch Lev's blog post on how machine learning can be used to improve accounting data is featured

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Excerpt from Advisor Perspectives -- "I am not optimistic about reversing the trend of the ever-rising estimates, but I found a way of substantially improving their accuracy and reliability, thereby enhancing the usefulness of reported earnings and asset values to investors."
Faculty News

Professor Kristen Sosulski's book, "Data Visualization Made Simple," is reviewed

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Excerpt from BizEd -- "[Sosulski] presents clear information about why data visualization is essential and what types of tools are available, before explaining what features users should look for in visualization graphics and how companies and individuals can use the information they uncover."
Faculty News

Professor Adam Alter shares how the design of social media platforms encourages excessive use, from his book, "Irresistible"

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Excerpt from The Week -- "'Infinite scroll basically eradicates the stopping cues that usually tell us to move on to something else,' explains Adam Alter, the author of Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked. 'Traditionally, when you got to the bottom of a particular screen you had to click to release more information. With infinite scroll there is no click so your default is to just continue ad infinitum.'"
Faculty News

Professor Adam Alter is interviewed for a story on tech companies' efforts to address tech addiction

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Excerpt from CNN -- "'These are band aids,' Adam Alter, author of 'Irresistible: The Rise of Addictive Technology and the Business of Keeping Us Hooked,' tells CNN. 'Instead of actually producing tech that's good for us -- that helps us live better lives -- these tools basically suggest that the tech itself can't be improved, so we're stuck with trying to discourage or curb usage.'"
 

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