NYU Stern
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  • cnbc logo feature
    Excerpt from CNBC -- "Greeks have been ill served by their European allies, the IMF, and their government. By failing to acknowledge the inevitable in 2010 and assuming that Greece could reform itself and begin growing again and service its existing debt, the European allies and the government simply extended the pain and increased the damage to the Greek economy. They compounded the error in 2012 with further lending. Two centuries of history tell us what the inevitable outcome must be. Only after a default/restructuring occurs can Greece begin the long slow process of recovery."
  • new yorker logo feature
    Excerpt from The New Yorker -- "Arun Sundararajan, a business-school professor at N.Y.U. and an expert on the sharing economy, told me, 'It’s very unlikely drivers’ take-home pay would rise. There also would be fewer drivers. They would be able to drive more hours, but they’d have less flexibility in how they worked.'"
  • npr logo feature
    Excerpt from NPR -- "And without functioning banks Greece's economy will grind to a halt. Economides says so far there has been some panicked buying of essentials like fuel and medicine. But if the banks stay closed, things will get much worse. 'As the banks are closed and people have a hard time importing stuff from abroad, very soon in a week, two weeks, three weeks, there will be shortages because merchants are not going to be able to import,' Economides says."
  • marketplace radio logo feature
    Excerpt from Marketplace -- "'If you're the film that gets in before the weekend, you begin to build buzz,' says New York University professor Al Lieberman, a former film and television marketer. 'It's out in the press immediately and on social media right away.' ...There are some risks of opening early. People are even more likely to spread the word about a movie they didn't like, Lieberman says, especially if they're a diehard fan who has stayed up until the wee hours to see it."
  • cnbc logo feature
    Excerpt from CNBC -- "'I've got clear evidence that the wage rates on TaskRabbit across every profession, are significantly higher than the Bureau of Labor Statistics average for the same profession,' said Arun Sundararajan, a professor at New York University's Stern School of Business. Sundararajan said because customers will rate a 'taskers' performance on the website, taskers who engage in things like plumbing, electrical work, editing or moving, can charge higher rates if they get good reviews. Those assessments then provide another benefit for a tasker, more jobs."
  • bloomberg view logo
    Excerpt from Bloomberg View -- "The ramifications of demerging would go beyond economics. 'Greece would become a small country in the Middle East,' Economides said. 'Instead of being in the center of Europe, it would be subject to the larger powers of the Middle East, in particular its biggest neighbor Turkey, which would be a national disaster.'"
  • BusinessBecause
    Excerpt from BusinessBecause -- "There are also opportunities in marketing, according to Professor Thomaï Serdari, strategist in luxury marketing and branding at NYU Stern School of Business. 'The field of luxury marketing, as an academic and business discipline, is growing as the luxury market grows,' she said."
  • clear admit logo feature
    Excerpt from Clear Admit -- "'Our community leaned into hard topics this year. There were awkward moments and sometimes misinformed things were said. But, as a community, we let it get messy. Doing so allowed us to see what needed to be cleaned up.' ... 'When these MBAs enter the workforce, yes, they’ll be able to stand up for injustices, but they will also know how to broach the topics that everyone else is too afraid to touch,' Hurnyak points out."
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    Excerpt from Bloomberg -- "[The referendum] was quite unexpected. I thought that the Greek government and the lenders were very close to an agreement and then suddenly, the Greek prime minister did not want to take responsibility for the agreement and instead called a referendum to throw the responsibility to the Greek people."
  • new york times logo feature
    Excerpt from The New York Times -- "But a crowdfunding campaign to bail out a country seems to be a first, according to Anindya Ghose, a professor of information technology and marketing at New York University’s Stern School of Business, who has been researching crowdfunding for the past six years. 'It’s very unique,' Mr. Ghose wrote in an email. In at least one way, though, the campaign and the reaction to the crisis in Greece fit into what Mr. Ghose has seen in his research: Altruism is a key motivating factor inspiring people to donate."
  • wall street journal logo feature
    Excerpt from The Wall Street Journal -- "For Greek New Yorkers, the crisis has both emotional and practical implications, said Nicholas Economides, an economics professor at New York University’s Stern School of Business. 'They are seeing a disaster unfolding in front of them, but they are far away,' he said. Because the banks are closed and withdrawals at ATMs are limited, there is no feasible way to send money to relatives living there."
  • washington post logo feature
    Excerpt from The Washington Post -- "'Consumers are basically browsing and decision-making has moved online,' said Scott Galloway, a professor who teaches marketing and branding at New York University’s Stern School of Business."
  • Linkedin logo
    Excerpt from LinkedIn -- "Since January 2015, 59 Greek businesses have closed down each day on average. Banks have hemorrhaged cash; since mid-December 2014, when elections were announced, more than €40 billion has been withdrawn by depositors. That includes more than €5 billion last week alone, and that was before Tsipras’ surprise announcement of a referendum announcement and subsequent capital controls. The true cost of shutting down Greek banks for a week are still too difficult to calculate, but it’s safe to assume it will cost Greece at least hundreds of millions of euros in lost economic activity."
  • financial times logo feature
    Excerpt from the Financial Times -- "For those of us who attended the talk, this was a rare opportunity to hear from a leader outside the realm of corporate America. The principles of leadership espoused by General McNeil were unique from those typically learned in business schools. At Stern, our course covered the requisite topics of teamwork, power and politics, and conflict management, but it ended with McNeil encouraging us to spark revolutions and change lives."
  • project syndicate logo feature
    Excerpt from Project Syndicate -- "Above all, most emerging markets are financially more sound today than they were a decade or two ago, when financial fragilities led to currency, banking, and sovereign-debt crises. Most now have flexible exchange rates, which leave them less vulnerable to a disruptive collapse of currency pegs, as well as ample reserves to shield them against a run on their currencies, government debt, and bank deposits. Most also have a relatively smaller share of dollar debt relative to local-currency debt than they did a decade ago, which will limit the increase in their debt burden when the currency depreciates. Their financial systems are typically more sound as well, with more capital and liquidity than when they experienced banking crises. And, with a few exceptions, most do not suffer from solvency problems; although private and public debts have been rising rapidly in recent years, they have done so from relatively low levels."
  • cnbc logo feature
    Excerpt from CNBC -- "The multi-month negotiation between Greece and the Europeans has not yet reached an agreement. The long negotiation has created unprecedented and unnecessary uncertainty that has brought the Greek economy to a standstill. Without an agreement, Greece will default in July within the euro or outside of the euro ('Grexit')."
  • bloomberg logo new
    Excerpt from Bloomberg -- "'The probability of Greece leaving the euro, sadly, has only increased with this decision,' said Nicholas Economides, Professor at the Stern School of Business at New York University, in a phone interview."
  • financial times logo feature
    Excerpt from the Financial Times -- "'Banks have come back,' says Roxanne Hori, associate dean for corporate relations and career services at NYU Stern. 'The M&A marketplace is healthy and the start-up community is healthy, so there are lots of IPOs.' "
  • financial times logo feature
    Excerpt from the Financial Times -- "We have some advice that might help young analysts get through the initial two years: first, relax a little. Remember that the training is all about establishing a reputation for being professionally reliable, which means getting the work done accurately and on time ... Second, learn to handle chaos and disorder. ... Third, a tough training environment is going to have to be endured before you can really judge whether or not the work (and the career) is what you want." 
  • new york times logo feature
    Excerpt from The New York Times -- "'It’s absolutely critical that they don’t sacrifice safety over speed of growth,' [Sundararajan] said, adding that a major car accident involving a HopSkipDrive vehicle, or an untrustworthy driver in the company’s ranks, could be catastrophic for the business. Creating a plan for such an event, the way some companies set up product-recall plans, would be wise, he said."
  • los angeles times logo feature
    Excerpt from the Los Angeles Times -- "'People below the age of 30 are much more likely to identify with their mobile and computing devices than the cars,' said Arun Sundararajan, a professor of information, operations and management sciences at New York University. 'Autos just aren't the identity-making purchase that they once were.'"
  • – Faculty News

    Professor Adam Alter discusses the placebo effect

    June 26, 2015
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    Excerpt from Refinery29 -- "'Placebos work precisely because you expect them to have a particular effect,' Dr. Alter explains. 'There can’t be a placebo effect unless someone — or the text on a product label — suggests that it should have a certain effect on you.'"
  • cnbc logo feature
    Excerpt from CNBC -- "There are risks and even if you have everything right, the market could still move further against you. There are opportunities, but there are certainly also risks... and when I talked to these famous investors, they'll all say that luck is part of the game. Certainly over the short term or the long run, you can try to set yourself up to really exploit these opportunities."

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  • – Research Center Events

    NYU Stern Hosts 1st Annual Business Analytics Symposium

    June 26, 2015
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    More than 100 faculty and alumni from NYU Stern’s Master of Science in Business Analytics (MSBA) program, as well as practitioners, gathered for the School’s First Annual Business Analytics Symposium to share insights into current issues in the field.
  • clear admit logo feature
    Excerpt from Clear Admit -- "'One common theme we continue to hear with growing intensity from our prospective students, particularly millennials, is the importance of time—how can I learn what I need to know as quickly as possible to excel in my current position or to be competitive for new functions?' says NYU Stern Assistant Dean of MBA Admissions Isser Gallogly. 'The [Advanced Professional Certificate] APCs provide students with specific area knowledge fast—and they are offered on weeknights and Saturdays, making them accessible to working professionals,' he adds."