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Faculty & Research Archive
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Prof. Viral Acharya on private equity's returns
Excerpt from The Economist -- "Higher debt has accounted for as much as 50% of private equity’s returns in the past, according to a 2011 study co-written by Viral Acharya of New York University’s Stern School of Business." Read more
—- Biography: Professor Viral Acharya
- Department: Economics
— Research in the News
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Upscale Brands Lag in Mobile Apps - By Scott Galloway
Luxury retailers have been super-slow to go mobile, according to a new study by digital think tank L2. That means consumers with Web-capable mobile devices are likely to be frustrated if they try to buy upscale products when they’re on the move. Read more
—- Biography: Professor Scott Galloway
- Department: Marketing
— Research Highlights
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Prof. Priya Raghubir finds people spend more when carrying cash in smaller denominations
Excerpt from TIME -- "Raghubir and Srivastava’s results—what they’ve described in previous research as the 'denomination effect'—are consistent with an idea we’ve discussed several times: mental accounting. Small bills tend to get assigned to something like a mental petty cash account, and so we’re willing to spend them on petty things." Read more
—- Biography: Professor Priya Raghubir
- Department: Marketing
— Research in the News
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EU Privacy Rules Should Examine Intent, Not Require Consent - By Vasant Dhar & Arun Sundararajan
On Wednesday, January 25, the European Commission will require that companies secure explicit consent from consumers to use their personal information in new regulation that unifies privacy standards across the EU. Two NYU Stern Professors, Vasant Dhar and Arun Sundararajan, disagree with this recommendation. Read more
—- Biography: Professors Vasant Dhar & Arun Sundararajan
- Department: Information, Operations and Management Sciences & Center for Digital Economy Research
— Opinion
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Professor Edward Altman Launches Digital App for Renowned Z-Score, "Altman Z-Score Plus"
Forty-five years ago, NYU Stern’s Edward Altman created the Z-score model to assess a company’s credit risk and probability of default, a formula that became the gold standard for bankruptcy prediction among practitioners and academics. Now, in response to an increasingly global economic landscape and heightened demand for real-time information to manage risk, Altman has expanded his well-tested model and launched a new App, “Altman Z-Score Plus,” in partnership with Business Compass LLC. Read more
—- Biography: Professor Edward Altman
- Department: Finance
— Research Highlights
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Prof. Stephen Brown on hedge fund diversification
Excerpt from Financial News -- "Research produced by Stephen Brown, professor of finance at New York’s Stern School of Business, adds that investors should not try to protect themselves by diversification."
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Read more- Biography: Professor Stephen Brown
- Department: Finance
— Research in the News
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Prof. Joel Hasbrouck on high frequency trading
Excerpt from Livemint -- "Joel Hasbrouck of New York University and Gideon Saar of Cornell University, after studying NASDAQ’s trading data in 2007-08, came to the conclusion that low-latency trading improves traditional market quality measures such as short-term volatility, spreads and displayed depth in the limit order book." Read more
—- Biography: Professor Joel Hasbrouck
- Department: Finance
— Research in the News
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A paper by Prof. Edwin Elton on closed-end funds is highlighted
Excerpt from SmartMoney -- "[Elton] reckons the existence of closed-end funds is owed mostly to their effective use of leverage. " Read more
—- Biography: Professor Edwin Elton
- Department: Finance
— Research in the News
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Profs Asker and Ljungqvist's research on the investment behavior of private firms is featured
Excerpt from Slate -- "We evaluate differences in investment behavior between stock market listed and privately held firms in the U.S. using a rich new data source on private firms." Read more
—- Biography: Professor Alexander Ljungqvist
- Department: Finance
— Research in the News
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How to Put an End to Fannie and Freddie - By NYU Stern Faculty
It’s been over three years since Fannie Mae and Freddie Mac were placed in government conservatorships, effectively making them wards of the U.S. Treasury. Read more
—- Biography: Professor Viral Acharya, Professor Matthew Richardson, Professor Stijn Van Nieuwerburgh, Professor Lawrence White
- Department: Economics, Finance
- Additional Links: Guaranteed to Fail
— Opinion
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Prof. Paul Romer on charter cities as a solution for Asia
Excerpt from Forbes -- "So much of Asia still could use the kind of remedy U.S. economist Paul Romer has been promoting for a few years--'charter cities ,' or development zones with special streamlined laws (really just rule of law) and low taxes that let trade and commerce flourish." Read more
—- Biography: Professor Paul Romer
- Department: Economics
— Research in the News
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Sourcing the Bias in Credit Ratings - By Marcin Kacperczyk
Much of the blame for the financial crisis of 2008 has been laid at the door of the three dominant credit rating agencies (CRAs), largely because they were paid by the very institutions whose credit-worthiness they rated. But according to new research by NYU Stern Professor Marcin Kacperczyk, the story is more complicated. Read more
—- Biography: Professor Marcin Kacperczyk
- Department: Finance
— Research Highlights
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Greece’s Private Creditors Are the Lucky Ones - By Nouriel Roubini
A myth is developing that private creditors have accepted significant losses in the restructuring of Greece’s debt; while the official sector gets off scot free. International Monetary Fund claims have traditional seniority, but bonds held by the European Central Bank and other eurozone central banks are also escaping a haircut, as are loans from the eurozone’s rescue funds with the same legal status as private claims. So, the argument runs, private claims have been “subordinated” to official ones in a breach of accepted legal practice. The reality is that private creditors got a very sweet deal while most actual and future losses have been transferred to the official creditors. Read more
—- Biography: Professor Nouriel Roubini
- Department: Economics
— Opinion
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Prof. Deepak Hegde on venture capital investments based on ethnicity
Excerpt from Outlook Business -- "Research has shown that venture capital (VC) funds are more willing to invest in companies with executives that share the same ethnicity as the partners of the VC fund." Read more
—- Biography: Deepak Hegde
- Department: Management and Organizations
— Research in the News
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The NYU Stern Systemic Risk Rankings are highlighted
Excerpt from The Huffington Post -- "A recent study by NYU's Stern School of Business ranks BofA as the most systemically risky firm in the United States." Read more
—- Learn more about the NYU Stern Systemic Risk Rankings
— Research in the News
