School News

In a podcast interview, Professor and Vice Dean for Online Learning Kim Corfman shares how Stern’s new online MS in Quantitative Management prepares early-career non-business majors to build knowledge in business fundamentals and business analytics

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Excerpt from Accepted.com -- "[The MSQM program] is for people without business degrees, and combines the business essentials (essentially MBA core courses) with an emphasis on analytics. It is designed to help professionals become more able to use data, which is very important to their professional success – how to ask for data, analyze it, and make decisions from it. It is online and you can attend from anywhere, with two short residential immersions each August, offering the chance to meet the cohort and do interactive face-to-face work. The program is lockstep and fits well with working professionals’ schedules, and can reach people all over the world."
School News

Deputy Director of the Center for Business and Human Rights Paul Barrett voices his concerns in response to the proposed social media regulations in the UK

Excerpt from CNET -- "'First, it raises the specter of government censorship,' he said in a statement. 'Second, it shows how the failure of the social media companies to exercise more vigorous self-governance, especially when it comes to disinformation, has created the risk of government overreach.'"
Research Center Events

Shared Space Under Pressure: Business Support for Civic Freedoms and Human Rights Defenders

Kaufman Management Center
On Monday, April 8, the NYU Stern Center for Business and Human Rights will host an event exploring why and how companies should support civic freedoms and human rights defenders around the world, drawing upon recently launched guidance, “Shared Space Under Pressure: Business Support for Civic Freedoms and Human Rights Defenders”, commissioned by the Business & Human Rights Resource Centre and International Service for Human Rights. 
Research Center Events

Fireside Chat with Roberto Azevêdo

NYU flags outside of the Henry Kaufman Management Center
The NYU Stern Center for Global Economy and Business will host a fireside chat with World Trade Organization Director-General Roberto Azevêdo on April 8, 2019.
Faculty News

In a contributed article, Professor Anika Sharma writes about the value of Instagram's in-app purchase feature for brands

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Excerpt from Ad Age India -- "So what does this all mean for brands? For one, it means that brands now have options. It is possible for brands to offer brand experiences in ecosystems outside of Google. It also means that now brands can deliver a great user experience without the consumer ever leaving their favorite ecosystem. Instagram is the first social media channel to offer the new checkout feature and users love it."
Faculty News

Professor Amy Webb comments on the potential dark side of smart home devices

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Excerpt from CBC Radio -- "We don't always know what data they're collecting, who that data is being shared with, and ultimately—down the road—how that information could be used against us in ways that make us uncomfortable, she told Spark host Nora Young."
Faculty News

In an interview, Professor Nouriel Roubini discusses the state of Europe's economy

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Excerpt from Bloomberg -- "'We’re in the middle of a global slowdown, and this slowdown is particularly more severe in Europe and the euro zone,' Nouriel Roubini, chief executive officer of Roubini Macro Associates Inc., told Francine Lacqua and Tom Keene on Bloomberg Television. 'Europe is on the verge of a recession.'"
Faculty News

Professor Paul Romer shares his views on the impact of a carbon tax in Canada

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Excerpt from The Globe and Mail -- "We need to just say, ‘Look, we’re going to start to put a tax on this.’ And that will mean that the people who were thinking about using carbon-based fuels will ... have an incentive to switch, and others will have an incentive to discover new solutions."
Faculty News

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

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Excerpt from Forbes -- "Accounting professors like Bob Kaplan and Tom Johnson long ago provided more detail on why traditional accounting no longer makes sense, and some like Baruch Lev can tell you about alternative methods that properly take intangible assets into account."
Faculty News

Professor Adam Alter explains why "streaks" on apps are addictive

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Excerpt from The Cut -- "'The issue is that they tip into negative territory when they inspire obsessions,' he explains. 'A streak that gets you to take 10,000 steps every day is good until you have a stress injury, and push through it because you don’t want to abandon the streak.'"
Faculty News

Professor Aswath Damodaran's research on equity risk premiums is highlighted

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Excerpt from ETF.com -- “Equity risk premiums can change quickly and by large amounts even in mature equity markets. Consequently, I have forsaken my practice of staying with a fixed equity risk premium for mature markets, and I now vary it year to year, and even on an intra-year basis, if conditions warrant.”
Faculty News

Professor Joshua Ronen's joint research on the impact of the CARD Act is referenced

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Excerpt from Brookings Institute blog -- "Geng Li of the Federal Reserve Board and Yiwei Dou and Joshua Ronen of New York University find that, following passage of the CARD Act, competition declined significantly in the market for consumer credit cards relative to the market for small business credit cards, which were not subject to the Act."
Faculty News

Professor Vasant Dhar shares his views on the future of work at the CNBC@Work Summit

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Excerpt from CNBC -- "Will AI replace us? Will there be anything left to do for humans? ... Yeah, there will be plenty left for humans to do. The question is will that be meaningful and will that have opportunities for growth and will that be where the value is being added, right? So after the machine does its stuff, how much value will humans add?"
School News

In a feature story on Stern's Fashion & Luxury MBA program, NYU Stern Fashion & Luxury Council member Nicolas Topiol, chief executive of Christian Lacroix, and MBA students Gina Dai and Christian Trautwein are quoted about the program's benefits; Professo

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Excerpt from Vogue Business -- "In addition to teaching a course on licensing, Topiol has advised his mentee about job interviews and her potential career trajectory. ... employers have shifted from relying on homegrown talent to requiring graduate expertise, says candidate Christian Trautwein. ... Gina Dai, who worked for two years in the consumer beauty finance division of Coty, says that she doesn’t think she would have been able to switch to the marketing role she’s now targeting without going to Stern and benefiting from the expertise of professors."
School News

In a podcast interview, Dean Raghu Sundaram discusses the different advantages of both one-year and two-year MBA programs

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Excerpt from BusinessBecause -- "If one is exploring prospects for switching careers, the two-year MBA offers you much greater flexibility in terms of exploring different career opportunities, doing an internship -- the internship is a crucial part of the two-year MBA -- and deciding what it is that you'd really like to do. The one-year MBA is more appropriate when you're clear about what area you want to go into and it's more optimized for people who are very specific about their career path."
Faculty News

Professor Pankaj Ghemawat, Senior Research Scholar Steven Altman and Associate Research Scholar Phillip Bastian's work on the DHL Global Connectedness Index is covered

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Excerpt from Gulf News -- "For all the talk about global supply chains, most international supply chains are actually regional — a pattern that is documented in the 2018 edition of the DHL Global Connectedness Index, developed by scholars at the NYU Stern and IESE business schools."
Faculty News

Professor Alixandra Barasch's research on how taking photos for social media impacts enjoyment of experiences is referenced

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Excerpt from Evening Standard -- "The research discovered that people composing shots to share suffered 'self-presentational concern' about 'how others perceive them', although they could feel pride or joy when the online likes began appearing."
Faculty News

Research on the impact of coupons on spending co-authored by Geeta Menon, Dean of the Undergraduate College, is featured

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Excerpt from Wirecutter -- "A study by researchers at the NYU Stern School of Business found that coupons for higher-priced items induce people to spend more money than they would otherwise. The study’s authors attribute the effect to 'reference-dependent gain,' where you think you’re getting a deal because you’re saving 5% on the cost of a nice meal, even if you wouldn’t have bought that meal otherwise. You might save $5 on a fancy $100 steak dinner, but you could have just spent $5 on ingredients to cook at home—and not spent that extra $95 at all."
Research Center Events

Online Advertising, Human Rights and the Rule of Law

Kaufman Management Center
On Wednesday, April 3, the NYU Stern Center for Business and Human Rights will host a discussion entitled, "Online Advertising, Human Rights and the Rule of Law." The conversation will consider the human rights implications of current online advertising practices, and how advertisers, internet platforms and advertising companies can be expected to address these risks.
Faculty News

Professor Edward Altman is interviewed about his views on the credit cycle

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Excerpt from ReachX Podcast -- "I believe we are still in a benign credit cycle, and we have been, actually, for over eight years—we're into the ninth year—which is the longest in the history of modern financial markets. Low default rates, high recovery rates if there are defaults, low interest rates and required rates of return for investors, and, finally, high liquidity. Those are the four metrics I look at. So, we're in a benign cycle, and we'll probably remain there for at least another year. My concerns are beyond that period, based on the enormous build up in debt, globally and particularly in the US markets."
Faculty News

Professor Michael Spence shares his outlook on China's economy

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Excerpt from China Daily -- "Michael Spence, a professor at New York University and a Nobel laureate in economics, said the Chinese economy will 'slow a bit' this year amid the slowing global economy and trade frictions. 'And I think the reforms, which have been announced, are serious reforms, ... helping get rid of at least a component of the trade frictions,' Spence said on March 23 at the University of International Business and Economics in Beijing."
School News

The Sustainable Share Index™, research by the Center for Sustainable Business and IRI, is spotlighted

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Excerpt from GreenBiz -- "Sustainable Share Index (NYU Stern's Center for Sustainable Business) finds that sustainability-marketed products delivered 50.1 percent of market growth in consumer packaged goods (CPG) from 2013 to 2018, while representing 16.6 percent of the CPG market in dollar sales in 2018 — up from 14.3 percent in 2013."
School News

SEC Commissioner Hester Peirce's remarks during a fireside chat with journalist Laura Shin, co-hosted by Stern’s Executive MBA program and the Blockchain Digital Asset Forum, are highlighted

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Excerpt from the Unchained podcast -- "...there’s no shame in saying, hey, you know, we’ve been around as a regulator since the 1930s. A few things have changed since then. We might want to, you know, just ask a few questions about whether the framework’s working the way it should, and if it’s not, let’s change it so that everyone’s better off and everyone has more freedom to make their own decisions and to do things that allow them to participate better in society, to contribute their talents and their resources to society."
School News

Journalist Laura Shin shares takeaways from her fireside chat with SEC Commissioner Hester Peirce, co-hosted by Stern’s Executive MBA program and the Blockchain Digital Asset Forum

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Excerpt from Forbes -- "She described the source of her seeming support or at least open attitude to the crypto industry, especially compared to the other SEC commissioners. 'I really identify with some of what’s driving people in this space, which is a desire to look at the world with fresh eyes and say, are there things we can do things better?' she said."
Press Releases

NYU Stern Appoints Alumnus Andre Koo as Chair of the School’s Board of Overseers

Andre Koo
New York University’s Stern School of Business today announced the appointment of alumnus Andre J.L. Koo (MBA '94), Chairman, Chailease Group, as Chair of the School’s Board of Overseers, effective July 1, 2019. Andre Koo is the first internationally-based business leader to serve in this position.

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