Experience Faculty & Research

Excerpt from Bloomberg Businessweek -- "'The finance industry of 1900 was just as able as the finance industry of 2010 to produce loans, bonds, and stocks, and it was certainly doing it more cheaply,' says Thomas Phillippon. ... the 'finance industry’s share of [gross domestic product] is about 2 percentage points higher than it needs to be, and this would represent an annual misallocation of resources of about $280 billion for the U.S. alone.'" Read More

• Biography: Professor Thomas Philippon
• Department: Finance

Excerpt from the Next American City's Forefront -- "'The success or failure of the Urbanization Project doesn’t hinge on the success or failure of the Honduras experiment,' said Henry, who is already looking ahead to the opening of NYU Shanghai in 2013. 'The story in emerging markets is cities.' With twin campuses in both the Middle East and China, perhaps no business school is better positioned to lead the charge than Stern, with Romer in the vanguard chartering new ones. If the REDs are really a tool for imagining an urban future, then the one thing everyone involved wants to see — or fears — are dollar signs." Read More

• Biography: Professor Paul Romer & Dean Peter Henry
• Department: Economics
• Additional Links: Urbanization Project

Excerpt from The New York Times Magazine -- "Romer, who is expected to be chairman, is hoping to build a city that can accommodate 10 million people, which is 2 million more than the current population of Honduras. His charter city will have extremely open immigration policies to attract foreign workers from all over." Read More

• Biography: Professor Paul Romer
• Department: Economics, Urbanization Project

Excerpt from Bloomberg -- "The Eurobills proposal put forward by Christian Hellwig, a professor at Toulouse School of Economics, and Thomas Philippon, an associate professor of finance at New York University’s Leonard N. Stern School of Business, calls for a European debt management office as the monopoly seller of euro-denominated bills." Read More

• Biography: Professor Thomas Philippon
• Department: Finance

Excerpt from Dow Jones -- "Acharya has his doubts that the FDIC has the expertise to resolve a financial institution with significant exposure to the shadow banking system. 'At the midnight hour, we call the FDIC, but these institutions are more complex than the FDIC can handle,' Acharya said." Read More

• Biography: Professor Viral Acharya
• Department: Economics

Excerpt from The Wall Street Journal blog -- "Abigail B. Sussman, a doctoral candidate at Princeton, and Adam L. Alter, an assistant professor of marketing at New York University’s business school, conducted several experiments to explore how people think about 'unusual and infrequent' expenditures." Read More

• Biography: Professor Adam Alter
• Department: Marketing

Excerpt from The Wall Street Journal -- "Mr. Sundararajan said the results point to 'excellent' targeting by the UID program so far. 'It’s validation of the fact that this is not a digital infrastructure for the privileged. It’s for the people who aren’t included,' Mr. Sundararajan said." Read More

• Biography: Professor Arun Sundararajan
• Department: Information, Operations and Management Sciences

Excerpt from Fortune -- "In a paper published in 2009, NYU Stern School of Business professor April Klein looked at 151 activist hedge fund targets between 2003 and 2005. She found that out of those 151 targets, activist shareholders received a seat on the board about 44% of the time." Read More

• Biography: Professor April Klein
• Department: Accounting

Excerpt from Barron's -- "'Income taxes were quite low, and most people didn't pay them at all,' says Richard Sylla, professor of economics and financial history at NYU's Stern School of Business. Wages were much lower, too." Read More

• Biography: Professor Richard Sylla
• Department: Economics

Excerpt from the Financial Times -- "From their findings [Chugh and co-authors] suggest that men in traditional marriages are more likely to consider companies that have women leaders to be relatively unattractive and are also more likely to deny qualified female employees opportunities for promotion." Read More

• Biography: Professor Dolly Chugh
• Department: Management and Organizations

Excerpt from Reuters -- "'The number one score [on L2 Think Tank's Digital IQ Index: Hotels report] by Four Seasons reflects the brand's robust presence on social media platforms coupled with what we believe is the best website in the industry,' said Scott Galloway, L2 founder." Read More

• Biography: Professor Scott Galloway
• Department: Marketing

Excerpt from The Wall Street Journal -- "The findings show there is a strong psychological reward for those who perceive themselves to be of higher status, says Nathan Pettit, the study's lead author." Read More

• Biography: Professor Nathan Pettit
• Department: Management and Organizations

Excerpt from the MSN Money Frugal Cool blog -- "'We'd rather have something now than wait for (the reward) to be bigger in the future. The future exists in a vague and murky way,' notes Hershfield, an assistant professor of marketing." Read More

• Biography: Professor Hal Hershfield
• Department: Marketing

Excerpt from The Wall Street Journal -- "What a brief review of 'The Righteous Mind' can only touch upon is the scientific ambition of Mr. Haidt's project. His observations about American politics are just the most accessible part of a wider argument about the nature and origins of morality itself." Read More

• Biography: Professor Jonathan Haidt

Excerpt from China Daily -- “'What we are about to go through is this incredible acceleration of the pace of urbanization in the developing world,' Romer remarked." Read More

• Biography: Professor Paul Romer
• Department: Economics
• Additional Links: Urbanization Project

Excerpt from The Wall Street Journal -- "In a paper with Xavier Gabaix and Tomasz Sadzik of New York University and Yuliy Sannikov of Princeton, we show that optimal compensation packages involve long vesting periods." Read More

• Biography: Professor Xavier Gabaix
• Department: Finance

Excerpt from The Boston Globe -- "When runners raced against one or more rivals, [Kilduff] found, they sped up — increasing their average speed by five seconds per kilometer. They got a clear performance benefit." Read More

• Biography: Professor Gavin Kilduff
• Department: Management and Organizations

Excerpt from The New York Times -- "So making the recommended 36-month [credit card] payment wouldn’t get the customer out of debt in three years, even if the customer makes no new purchases, [Gartenberg] said. In fact, it’s likely to take much longer." Read More

• Biography: Professor Claudine Gartenberg
• Department: Management and Organizations