Faculty News

Professor Irving Schenkler discusses the significance of Dick's Sporting Goods' new policy around gun sales

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Excerpt from CBC News -- "'It's corporate identity and corporate image,' he said. 'When Dick's Sporting Goods does this, it's very much linked to what their business is about … and a customer base that's more closely aligned with NRA interests.' Whether this represents an inflection point is hard to tell, though Schenkler said the company 'has opened the door' for gun retailers to reconsider their policies."
Faculty News

Professor Arun Sundararajan shares how social media has influenced the way younger generations approach work

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Excerpt from BBC Capital -- "'This is a generation that has actively had entrepreneurial opportunities growing up – in many ways, if you’ve grown up managing your personal brand on Instagram, you’re much better wired to think of yourself as an individual brand instead of a cog in an organisational machine,' says Arun Sundararajan, a business professor at New York University."
Faculty News

Professor Michael North is interviewed for a feature story on age-based discrimination in hiring practices

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Excerpt from The Wall Street Journal -- "That shift has stoked subtle stereotypes about older workers’ performance and willingness to learn, which can have tangible effects on their careers, said Michael North, assistant professor of management and organizations at New York University’s Stern School of Business."
Faculty News

In an in-depth interview, Professor Tensie Whelan shares how companies can accelerate their adoption of sustainable business practices

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Excerpt from Hitachi Research Institute -- "So, companies should set public targets, incentives to employees tied to targets, reporting and assessment on those targets and training for employees in sustainability. They can also bring in partners, such as NGOs, other corporations, corporate associations, and government agencies that are working on the issues that are important to them so that their employees can get exposure to different ideas and assistance with implementation."
Faculty News

Professor Samuel Craig’s comments on NBC's Winter Olympics ratings are featured

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Excerpt from the Stamford Advocate -- "'The good news for NBC Sports is they beat the competition handily. The bad news is overall ratings are down,' said Sam Craig, director of the entertainment, media and technology program in New York University’s business school. 'But those trends reflect a general decline in TV ratings.'"
Faculty News

Professor Aswath Damodaran shares his views on Apple's valuation and growth

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Excerpt from CNBC -- "'I think of the four big players: Apple, Alphabet, Facebook and Amazon, Apple is the best value play,' [Damodaran] says. 'It is a cash machine. I never seen a company generate as much cash as Apple has over the last six or seven years.'"
Faculty News

Professor Baruch Lev's book, "The End of Accounting," is highlighted

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Excerpt from the Harvard Business Review -- "In the 2016 book The End of Accounting, NYU Stern Professor Baruch Lev claimed that over the last 100 years or so, financial reports have become less useful in capital market decisions. Recent research lets us make an even bolder claim: accounting earnings are practically irrelevant for digital companies. Our current financial accounting model cannot capture the principle value creator for digital companies: increasing return to scale on intangible investments."
Faculty News

Professor Allen Adamson discusses how companies can market to millennials, from his book, "Shift Ahead," co-authored with Professor Joel Steckel

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Excerpt from The New York Times -- "'It’s where you go on vacation, what you do and what technology you have,' said Allen Adamson, one of the founders and managing partners of Metaforce, a brand marketing and consulting firm, and one of the authors of 'Shift Ahead: How The Best Companies Stay Relevant in a Fast Changing World.' Those experiences need to be 'Instagram-worthy,' too. The quirkier, flashier and more offbeat the experience, the better, he said."
Faculty News

Professor Anindya Ghose shares his views on tech innovation in India and China

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Excerpt from the Economic Times -- "Ghose says the world needs to recognise the innovativeness of some of the Chinese tech companies and shake off the mental image of Chinese knockoffs. 'Chinese companies are setting global trends in various areas such as technology-enabled transportation, digital payments, mobile economy and artificial intelligence,' he says."
Faculty News

Professors Andreas Fuster, Philipp Schnabl and James Vickery's joint research on fintech and mortgage lending is featured

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Excerpt from Crowdfund Insider -- "The New York Federal Reserve has published a staff report pertaining to 'The Role of Technology in Mortgage Lending'. Authored by Andreas Fuster, Matthew Plosser, Philipp Schnabl, and James Vickery, the research asserts that Fintech is improving the mortgage lending market by making it more efficient and faster."
Faculty News

Professor Scott Galloway explains why cutting ties with the NRA is a smart move for brands

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Excerpt from NBC News -- "'The most valuable person in world of consumer business is an 18 year old. They have influence over what the rest of us believe is "cool" and have a lifetime of discretionary spending ahead of them,' Galloway told NBC News. 'Their recent galvanization against the issue has made the NRA very uncool and an easy target for firms wanting to say to the most important cohort "Hey, we get it, and are with you."'"
Faculty News

Professor Amy Webb's talk on AI at IBM Watson is highlighted

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Excerpt from VentureBeat -- "AI is the next era of computing, and it’s important for the business world to understand just how to unlock its potential. In a recent Facebook Live event, I talked with Amy Webb, professor of strategic foresight at NYU Stern School of Business and founder of the Future Today Institute, about how AI is not a silver bullet and how real value comes from a tailored combination of tools designed to address a specific business problem."
Faculty News

Professor Nicholas Economides shares his outlook on the the battle for net neutrality at the state level

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Excerpt from CNBC -- "..internet service is an interstate service across states and is regulated by the federal government so I don't think the states are going to be successful. What might happen is that congress might pass a rule, a law, that says net neutrality is okay and reverses the present regulation.."
Faculty News

Professor Lawrence White discusses the risks of unsecured credit cards for consumers

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Excerpt from WalletHub -- "If someone desperately needs credit, then an unsecured credit card may make sense; but the risks are that he/she will find repayment difficult, and then will face mounting late fees and penalties, which can greatly increase the debt burden. Further, he/she ought to explore other (potentially lower-cost) possibilities, such as borrowing from a credit union -- or even borrowing from friends or family. If he/she does use the credit card, focusing on repayment as soon as possible can help reduce the burden of those fees and penalties."
Faculty News

Professor Arpit Gupta shares insights from his research on the American money bail system

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Excerpt from PolitiFact -- "'Data on other states indicate that a majority of individuals in jails (as opposed to prisons) are present due to failure to make bail, and so are awaiting criminal trial prior to sentencing,' said Arpit Gupta, an assistant professor of finance at NYU's Stern School of Business who has researched the bail system and its impact on low-income defendants."
Faculty News

Professor Russell Winer discusses the competitive landscape among consumer packaged goods brands

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Excerpt from CNNMoney -- "Russell Winer, a marketing professor at NYU's Stern School of Business, said low-cost competitors aren't going away anytime soon, but established companies have a key ingredient new ones lack: brand power."
Faculty News

Professor Constantine Yannelis' joint research on student debt repayment is featured

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Excerpt from the Triangle Business Journal -- "The share of students strapped with more than $50,000 in student debt has exploded since 2000, according to new research from Adam Looney of The Brookings Institution and Constantine Yannelis of NYU Stern. While there were 5 percent of student borrowers who had more than $50,000 in student debt back in 2000, that share grew to 17 percent of student borrowers by 2014."
Faculty News

Professor David Yermack is interviewed for a feature story on bitcoin

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Excerpt from ABC News Radio -- "'In the case of bitcoin and other digital currencies, you're really relying on the mathematics and probabilities behind them that provide the basis for security that you believe that there won't be too many issued because you can see the equations and the criteria for adding more units of currency,' added Yermack, who also teaches a course on bitcoin and cryptocurrencies."
Faculty News

Professor Arun Sundararajan discusses how automation and the gig economy are influencing changes in the labor market

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Excerpt from the Economic Times -- "Automation is going to gulp up a lot of the jobs where China, Thailand, Vietnam and Bangladesh have historically relied heavily on certain professions to employ unskilled people. It really depends on the profession and the extent to which supply and demand are collocated."
Faculty News

In an in-depth interview, Dean Raghu Sundaram shares his outlook on volatility and risk management in financial markets and the recent fraud at Punjab National Bank in India

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Excerpt from Livemint -- "This is going to be a period of adjustment for everybody. Asset prices that have perhaps been inflated because money was so cheap and so things will have to adjust. Now what form that adjustment is going to take—nobody has a crystal ball to be able see but it is going to be a difficult period for everybody in financial markets."
Faculty News

Professor Robert Engle's honorary doctorate from the University of Johannesburg is highlighted

Excerpt from BizCommunity -- "'The university will confer an honorary doctorate on Prof Engle in recognition of his pioneering discovery of a method for analysing unpredictable movements in financial market prices and interest rates. This method, employed by private and public sector economic researchers and practitioners operating as financial markets analysts and economic decision-makers, has become indispensable,' said the Executive Dean of the College of Business and Economics (CBE), Prof Daneel van Lill."
Faculty News

Professor Vasant Dhar shares insights on the legal and regulatory challenges firms face with the implementation of AI

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Excerpt from CIO -- "The first question for regulators, Dhar says, is do state-of-the-art AI systems — regardless of application domain — result in acceptable error costs? For example, transportation regulators might determine that since autonomous vehicles would save 20,000 lives a year, the technology is worthwhile for society. 'But for insurance markets to emerge, we might need to consider regulation that would cap damages for errors,' he says."
Faculty News

Professor Paul Hardart discusses how the NBA and its players' connection with fans has led to high ratings

Excerpt from Adweek -- "'The NBA and its players are very effective at reaching fans through social media,' said Paul Hardart, marketing professor at the NYU Stern School of Business. 'They’ve done a great job with connecting with broader cultural trends, whether it’s with music—Drake and Jay-Z citing the game in their songs—or fashion, to the point where the NBA has become its own fashion brand to some degree.'"
Faculty News

Professor John Horton's joint research on how employers evaluate job applicants without access to their salary history is referenced

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Excerpt from The New York Times -- "...when employers want to know how good a worker is, they have several alternatives to considering salary history, many of them more revealing. They can, for example, interview the candidate, read letters of recommendation, and talk to former employers and co-workers. In a recent study, the economists John Horton of New York University and Moshe Barach of Georgetown University conducted an experiment on a prominent online freelancing platform and found that employers responded in precisely this way."
Faculty News

Professor Melissa Schilling's new book, "Quirky" is spotlighted

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Excerpt from The New Yorker -- "In 'Quirky: The Remarkable Story of the Traits, Foibles, and Genius of Breakthrough Innovators Who Changed the World,' Melissa Schilling gathers eight titans of STEM—among them Albert Einstein, Steve Jobs, Nikola Tesla, and Benjamin Franklin—and finds that they share a handful of key traits."

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