Faculty News

Professor Batia Wiesenfeld comments on how experiencing power influences thinking and perception

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Excerpt from Fast Company -- "'[It] creates psychological distance between the powerful person and everything else,' says Batia Wiesenfeld, a management professor at New York University’s Stern School of Business."
Faculty News

Professor and Vice Dean of MBA Programs JP Eggers' insights on the importance of early adopters in developing new products are featured

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Excerpt from BEME News -- "JP Eggers, a professor of management and organizations at NYU, told me to think about early Teslas. They were luxury vehicles with hefty price tags, but that cash flow from well-off early adopters sustained Tesla long enough to A) pursue cheaper vehicles and B) build out a charging station infrastructure."
Faculty News

Professor Menachem Brenner’s views on how Trump’s proposed tariffs will negatively impact financial markets are featured

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Excerpt from WalletHub -- "The issue is the uncertainty surrounding the extent of the tariffs/restriction imposed by Trump. Tariffs are bad for the economies of all involved. The issue is that Trump keeps changing the rhetoric, so other countries are hesitating if to retaliate. For now this shows up in volatility (e.g. VIX) and other measure like Ambiguity. Once a trade war starts there is no doubt that the markets will decline big time."
Faculty News

Professor Melissa Schilling is interviewed about common traits found in breakthrough innovators, from her book, "Quirky"

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Excerpt from YourStory -- "'All of the innovators pursued their projects with remarkable zeal, often working extremely long hours and at great personal cost,' Melissa explains. They made the most of their creativity, originality, effort, persistence and situational advantage."
Faculty News

Professor Thomas Philippon's research on industry concentration, investment and growth, prepared for the Jackson Hole Economic Policy Symposium, is referenced

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Excerpt from the Financial Times -- "A good place to start, in the literature from this year's symposium, is a primer by Thomas Philippon of NYU, summarising the evidence on whether industry concentration has been discouraging companies from investing in new plants and equipment."
Faculty News

Professor Herbert Kleinberger weighs in on the local impact resulting from the decline of Sears

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Excerpt from Axios -- "'In some towns, [Sears is] arguably the only viable department store ... In many malls, they are the anchors,' says Herb Kleinberger, a professor of retail at NYU's Stern."
Faculty News

In a contributed article, Professor Michelle Greenwald profiles Ikonick, an art e-commerce company that is making canvas art more affordable and accessible

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Excerpt from Forbes -- "Ikonick, the brainchild of Jeff Cole and Mark Mastrandrea, launched 15 months ago, selling their canvas art prints at prices ranging from $40-$700. The company was a way to monetize Cole’s popular Instagram account with 400,000 followers, and his eye for aesthetically pleasing, emotional images with 'prescriptive thought/messages.' The result, he believed, was artwork Millennials would want on the walls of their homes and offices. The company claims it has been cash-flow positive since its first month and is approaching $10 million in sales since launching 15 months ago. Ikonick has signed deals for Muhammed Ali and the NBA."
Faculty News

Professor Aswath Damodaran's contributed essay in Meb Farber’s recently published book of essays, "The Best Investment Writing – Vol. 2" is referenced

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Excerpt from ThinkAdvisor -- "'The Bitcoin Boom: Asset, Currency, Commodity or Collectible?' by Aswath Damodaran, finance professor, NYU Stern School of Business: 'Bitcoin is not an asset class. You don’t invest in Bitcoin; you trade it. Bitcoin is a young currency.'"
Faculty News

Professor David Yermack emphasizes the value of cryptocurrency education, pointing to the growing demand for these skills in the job market

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Excerpt from Coinbase -- "Yermack says he first developed the class because he was interested in bitcoin and how quickly interest in the cryptocurrency was growing. But other reasons soon emerged, notably demand from companies for people who understood cryptocurrency-related issues. Now, he sees his class as a way to give students the skills they’ll need for jobs in the future. 'A process is well underway that will lead to the migration of most financial data to blockchain-based organizations,' he says. 'Students will benefit greatly by studying this area.'"
Faculty News

Professor Jonathan Haidt's forthcoming co-authored book, "The Coddling of the American Mind," is spotlighted

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Excerpt from The New York Times -- "'When adult-supervised activities crowd out free play, children are less likely to develop the art of association,' Lukianoff and Haidt write, along with other social skills central to the making of good citizens capable of healthy compromise. Worse, the consequences of a generation unable or disinclined to engage with ideas and interlocutors that make them uncomfortable are dire for society, and open the door — accessible from both the left and the right — to various forms of authoritarianism."
Faculty News

Professor Arun Sundararajan is quoted in a feature story on New York City's recent legislation restricting the operation of sharing economy platforms

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Excerpt from The Guardian -- "New York’s approach is one of the harshest, said NYU professor of business Arun Sundararajan. 'We have among the most restrictive Airbnb laws, and I think it will hurt the city in the long term,' he said."
Faculty News

Professor Adam Alter is interviewed for a trend story on mitigating addictive technology, from his book, "Irresistible"

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Excerpt from Medium -- “I try to put my phone on airplane mode on weekends so I can take photos of my two young kids without interruptions from emails and other needy platforms.”
 
Faculty News

In a live interview at the Jackson Hole Economic Policy Symposium, Professor Thomas Philippon explains takeaways from his research on corporate investment

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Excerpt from Bloomberg -- "The way a good firm translates to a good economy is that the good firm should hire and invest more and the issue we have seen is that these firms are great, they are productive and they are making lots of money, but they don't invest and hire as much as they should and as much as other successful firms did in the past. So that's the missing link between this efficient firm and this relatively inefficient economy."
Faculty News

Professor April Klein's research on the effectiveness of independent audit committees is featured

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Excerpt from The CPA Journal -- "A report on research into the effect of audit committees in the March 2018 CPA Journal (April Klein, 'Questioning the Effectiveness of Independent Audit Committees: Does the Current Regulatory Regime Improve Reporting Quality?' http://bit.ly/2LFI6mg) describes measuring various market and other effects of the audit committee and finding none..."
Faculty News

Professor Scott Galloway's viewpoint on Apple's investment in its retail stores is mentioned

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Excerpt from the Financial Times -- "Scott Galloway, professor of marketing at the New York University Stern School of Business, claims Apple’s decision to invest in high-end stores remains one of the group’s most revolutionary and successful ideas."
Faculty News

In a Q&A interview, Professor Robert Engle discusses global trade and volatility

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Excerpt from La República -- "The end of the volatility low in February 2018 was mainly due to the increase in interest rates in the US. but this effect would not have produced a prolonged period of high volatility, which is why I believe that Trump's trade policies have been an important cause."
Faculty News

Professor Alixandra Barasch is interviewed about her photo sharing research

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Excerpt from CyclingTips -- "Professor Barasch says that intent is critical. And bad news if you’re fixated on capturing something ‘Insta-worthy’. 'When people are thinking about getting the best photo for Instagram or Facebook, to get likes, to think about how they’ll be evaluated … this creates anxiety, fear of getting the perfect image.'"
Faculty News

Professor Arun Sundararajan is quoted in an article about health insurance options for the independent workforce

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Excerpt from Entrepreneur -- "'While there are a number of ways in which independent workers can potentially replicate the benefits that full-time workers have, the challenge is often bandwidth and the ability to have the right options placed in front of you,' Sundararajan says."
Faculty News

Professor Jeffrey Carr discusses how Pulse, a community data startup, might fill a data void left by social media platforms

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Excerpt from Inc. -- "'They know what website you're on. They're observing your behaviors,' Carr says.'[What's needed] is explanations of why people are doing these things. What's in people's hearts and minds?'"
Faculty News

In a Q&A, Professor Anat Lechner offers advice for managers on avoiding overload and fostering mental health in the workplace

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Excerpt from The New York Times -- "'When you are talking to someone who is overburdened, become a sounding board for what needs to be renegotiated,' she added. 'It gives the other person the space to think about the boundaries of the work that was assigned and what can be renegotiated.' Maybe they need more time? Or more resources? Listen and help them find out."
Faculty News

Professor Theresa Kuchler's joint research on debt repayment is featured

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Excerpt from MarketWatch -- "As for the analysis of ReadyForZero users, Kuchler and Pagel advised removing one variable from the equation: temptation. 'Allow consumers to select a certain amount to be deducted from their regular paycheck to be put towards debt repayment, and to make it costly or complicated to change this selection,' they wrote."
Faculty News

Professor Kim Schoenholtz highlights the opportunities and challenges related to serving underbanked customers

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Excerpt from TIME -- "'There are lots of reasons why being able to save matters. Being able to have a deposit account that doesn’t cost very much, gives them access to their funds and allows them to cash checks and wages they receive or government transfers — all of that is really valuable and it improves people’s lives,' said Kim Schoenholtz, a professor of financial institutions and markets at New York University. 'Postal banking is one way of delivering that, but it’s certainly not the only way of delivering it.'"
Faculty News

Professor Jeffrey Wurgler's joint research on the green bonds is featured

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Excerpt from Fortune -- "In April, four economists released a working paper that gave green-bond fans reason for optimism. They found that municipal bonds labeled 'green' paid six basis points (0.06%) less in yield than nongreen bonds—and that the effect doubled or tripled for bonds that took the extra step of being certified green. Bond yields fall when buyers drive up prices, so the lower yields suggest that demand for green bonds is stronger than the norm. On a typical muni bond, that could result in millions of dollars in savings on interest. Compared with those benefits, 'the cost of certifying a green bond is modest,' says coauthor Jeffrey Wurgler, a professor of finance at the NYU Stern School of Business, while borrower and investor alike 'get a green glow.'"

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