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  • – Student Club Events

    Post 2015 MDGs: The Critical Role of Africa's Private Sector

    September 23, 2014
    Washington Square Park Feature
    In an event co-hosted by Stern in Africa and NYU's Center for Global Affairs, Nigerian Finance Minister Ngozi Okonjo-Iweala will discuss the role the Private Sector can play in Africa's growth.
  • – Business and Policy Leader Events

    "Global Economic Problems, Global Solutions" with Gordon Brown

    September 22, 2014
    Gordon Brown Sani Lecture 2014 192x144
    The Right Honourable Gordon Brown, former Prime Minister of the United Kingdom, will present a talk entitled "Global Economic Problems, Global Solutions," emphasizing the advancement of global ethics, on Monday, September 22.
  • project syndicate logo feature
    Excerpt from Project Syndicate -- "The EU’s cohesion strategy is admirable and smart. Whereas such investment in the past was heavily tilted toward physical infrastructure – particularly transport – the agenda has shifted to a more balanced set of targets, including human capital, employment, the economy’s knowledge and technology base, information technology, low-carbon growth, and governance. That said, one can ask what the economic and social returns on these investments will be."
  • OZY logo
    Excerpt from OZY -- "Ironically, central bankers’ renewed focus on the labor market exposes their limitations when it comes to helping the average worker. Current labor-market research tells us that sustainable wage increases don’t really depend on the Fed’s short-term interest rate decisions. Nor is any kind of long-term solution likely to come through an increase in the minimum wage. Better skills are the only way to produce sustainably higher wages — especially those skills that meet the demands of a globalized, tech-driven market."
  • – Research Center Events

    In Pursuit of Conflict Free: A Conversation on Corporate Responsibility

    September 19, 2014
    Washington Square Park Feature
    Brian Krzanich, CEO of Intel Corporation, will join Professor Michael Posner, co-director of the Center for Business and Human Rights, for a discussion on the role of corporate responsibility and human rights on Friday, September 19.
  • bloomberg logo feature
    Excerpt from Bloomberg -- "While buying old mortgages may not seem in line with Fannie Mae and Freddie Mac’s mission of fueling new lending, it can help encourage banks to retain loans and then to find new ones, according to Lawrence White, a professor at New York University’s Leonard N. Stern School of Business. 'Providing liquidity today, tomorrow, or five years from now is all part of the mission,' said White, co-author of 'Guaranteed to Fail: Fannie Mae, Freddie Mac, and the Debacle of Mortgage Finance,' a 2011 book on their pre-crisis business."
  • – Faculty News

    Prof. Richard Sylla on Yahoo's stake in Alibaba

    September 18, 2014
    bloomberg logo feature
    Except from Bloomberg -- "This kind of tie-up between larger companies isn’t typical for U.S. investors, said Richard Sylla, a professor of economics and financial history at New York University’s Stern School of Business. Berkshire Hathaway Inc. and mutual funds tend to be more ideal investment vehicles, he said. 'It’s a bit more unusual in the U.S. for a company like Yahoo to have a big stock position in another firm without sort of taking it over,' he said. 'Usually, one firm buys another and they merge or something like that -- but in this particular case Yahoo was acting a little bit more like a partner or a venture capital firm.'"
  • – Faculty News

    Prof. Ed Altman's Z-Score is featured

    September 18, 2014
    usa today logo feature
    Excerpt from USA Today -- "There’s an early warning system all investors need to know about — the Altman Z-Score — that’s is calling out six companies for being in a tough spot. The Z-Score — a financial indicator that predicts when companies are careening toward serious financial distress — is commonly used by investment professionals. And there’s no reason why individuals can’t use it, too."
  • Anindya Ghose on Craigslist and the Rise of STDs
    Commuters in crowded subway trains may welcome targeted promotions on their mobile phones and are about twice as likely to respond by making a purchase as in non-crowded trains while in transit, say NYU Stern Professor Anindya Ghose, Co-Director of Stern’s Center for Business Analytics, and his co-authors, Michelle Andrews and Xueming Luo of Temple University and Zheng Fang of Sichuan University.
  • fast company logo feature
    Excerpt from Fast Company Co.Exist -- "Lisa Leslie, an associate professor at NYU’s Stern School of Business who has studied workplace inequalities, says the EDGE approach could be help companies be proactive about not just putting a gender equality policy in place but making sure it's effective. Often, she notes, well-meaning policies have 'backlash effects.' She gives the example of a company where none of upper management will take advantage of flexible work hours, sending the signal that lower level employees will be penalized for using them. Or a policy can even have stigmatizing effects, if, say, co-workers believe that women or minorities in leadership are promoted because of who they are, rather than their merits."
  • – Research Center Events

    2014-2015 NYU Stern Entrepreneurs Challenge Kick-Off

    September 18, 2014
    2015 Entrepreneurs Challenge kickoff
    Join hundreds of aspiring entrepreneurs from NYU’s student, alumni and faculty communities in Paulson Auditorium to hear about this year’s Entrepreneurs Challenge.
  • cnbc logo feature
    Excerpt from CNBC -- "I'm not getting a piece of a company,' [Damodaran] said. 'I'm getting a piece of a shell that owns a company where a politburo, basically, sets the board of directors. And if you're a trader, you really don't care. I mean, you're going to be out in six months or three months. What do you care that Jack Ma has power for life? The way I see it, traders date companies, investors marry companies. If you marry a company, you've got to be in here for the long term, and it scares the heck of me that I have absolutely no power over how this company will be run, or what can happen in the future.'"
  • bloomberg logo feature
    Excerpt from Bloomberg -- "The tendency of banks to rely on each other to net positions means one firm’s failure can cascade through the system. The danger that one party can’t hold up its end of the deal is known as counterparty risk. It means even if positions are netted, every trade adds risk unless it’s fully backed by collateral, said Marti Subrahmanyam, a finance professor at New York University’s Stern School of Business."
  • cctv logo
    Excerpt from CCTV -- "I don't think it's a surprise, but it seems like the Fed is trying to reassure the market that nothing radical is going to happen quickly, but at the same time be firm that there is going to be a change. My feeling about this is that this change, this increase in interest rates, is going to happen faster rather than later... I would expect it to happen in the first few months of 2015, but of course people can disagree on that, and it remains to be seen."
  • wall street journal logo feature
    Excerpt from The Wall Street Journal -- "According to the study, commuters purchased 2.1% of the deals when the train was at two people per square meter, for example, versus 4.3% at five people per square meter. A stuffy train, the study concludes, can effectively send commuters into the hands of brands.'This was the mechanism to cope with the loss of personal space in a crowded situation,' said Anindya Ghose, co-director of Stern’s Center for Business Analytics and co-author of the paper. 'Commuters essentially escape from all of this by going to the personal mobile space.'"
  • bloomberg logo feature
    Excerpt from Bloomberg -- "Here is a very thoughtful Aswath Damodaran post on the value to shareholders of corporate governance, reviewing both the theory and the evidence: 'Proponents of stronger corporate governance argue that it critical to corporate performance, but the evidence of the link between the two is not very strong.'"
  • clear admit logo feature
    Excerpt from Clear Admit -- "Hori brings more than 35 years of industry and higher education experience. At Kellogg, as assistant dean, director of career management and, most recently, associate dean of corporate partnerships, she led the team that provided career services to more than 3,000 students in Kellogg’s full-time, part-time and Executive MBA programs, as well as to 50,000 Kellogg alumni. She is credited with creating numerous programs to help increase job placement and alumni satisfaction."
  • voxeu logo feature
    Excerpt from Vox -- "The problem with shadow banking then is that while it makes the good times better, it also makes the bad times worse. In the language of economics, shadow banking imposes a negative externality on the rest of the economy. During the boom, individual institutions have little incentive to take into account the impact of their actions on the severity of the bust. Shadow banking allows them to fund riskier assets more cheaply, but doing so decreases the economy’s supply of good collateral when times get rough."
  • marketwatch logo feature
    Excerpt from MarketWatch -- "'They will be experimenting with new tools. Any time you do that, there are uncertainties and there are risks. We expect them to be able to manage it, but it could be a bumpy ride,' said Kim Schoenholtz, a professor in New York University’s Stern School of Business."
  • quartz logo
    Excerpt from Quartz -- "'For better or worse, bankers are not feted for getting the price right but for getting it wrong, albeit in one direction and not by too much,' Aswath Damodaran, a professor of finance at New York University, blogged earlier this month. A well priced IPO is one where the stock jumps 5% to 10% on the first day of trading, Damodaran wrote."
  • – Research Center Events

    "Challenges for Monetary Policy": A Public Talk with Jeremy Stein

    September 16, 2014
    KMC Street View Feature
    NYU Stern's Center for Global Economy and Business welcomes Jeremy Stein, former governor of the Federal Reserve Board, to speak at a public talk, entitled "Challenges for Monetary Policy."
  • PBS Logo
    Excerpt from PBS -- "Jonathan Haidt’s metaphor of the elephant and the rider is useful here. In Haidt’s telling, the mind is like an elephant (the emotions) with a rider (the intellect) on top. The rider can see and plan ahead, but the elephant is far more powerful. Sometimes the rider and the elephant work together (the ideal in classroom settings), but if they conflict, the elephant usually wins. After reading Haidt, I’ve stopped thinking of students as people who simply make choices about whether to pay attention, and started thinking of them as people trying to pay attention but having to compete with various influences, the largest of which is their own propensity towards involuntary and emotional reaction. (This is even harder for young people, the elephant so strong, the rider still a novice.)"
  • city AM logo
    Excerpt from City AM -- "After analysing every Formula 1 driver in all races between 1981 and 2010, research led by Cass Business School found that individual driver performance declined in teams with two top ranking drivers. In other words, hiring too many stars can take the shine off performance."
  • business insider logo feature
    Excerpt from Business Insider -- "Professor Damodaran is known for his genius valuations. Catch some of that insight outside the classroom."
  • pivot logo
    Excerpt from Pivot -- "I can see a couple of industries being potentially threatened in the near term. I certainly think that commercial real estate is going to be increasingly threatened. There’s already been a threat stemming from the popularity of co-working, but this is definitely an important industry that hasn’t yet been affected substantially by the sharing economy in the same way that hotels have been affected by Airbnb. That’s certainly a place that I’m looking to as one that is ripe for disruption."

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Contact NYU Stern Public Affairs

If you're a member of the press, please contact Stern’s Office of Public Affairs at:

Phone: 212-998-0670
Fax: 212-995-4950
Email: paffairs@stern.nyu.edu

Or contact us directly:

Joanne Hvala, Associate Dean
(212) 998-0995; jhvala@stern.nyu.edu

Jessica Neville, Executive Director
(416) 516-7677; jneville@stern.nyu.edu

Rika Nazem, Director
(212) 998-0678; rnazem@stern.nyu.edu

Carolyn Ritter, Senior Associate Director
(212) 998-0624; critter@stern.nyu.edu

Anna Christensen, Associate Director
(212) 998-0561; achriste@stern.nyu.edu

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