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Excerpt from Bloomberg -- "Lawrence White, an economics professor at New York University’s Stern School of Business, said the SEC should eliminate a requirement that companies rate at least 10 percent of the transactions they view on the website. 'It only serves to inhibit potential raters from even looking at the existing bundles of information,' White said."
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Excerpt from the New Yorker -- "In the mid-nineteen-sixties, two economists, William J. Baumol and William G. Bowen, diagnosed a “cost disease” in industries like education, and the theory continues to inform thinking about pressure in the system."
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– Faculty News
Dean Peter Henry explains the contributions of emerging markets to global economic growth
May 15, 2013
Excerpt from Big Think -- "So what we have is an imbalance... an imbalance between economic importance in global GDP and economic voice in the setting of the global economic agenda. And so what’s required for the future is a rebalancing of this mismatch."
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– Faculty News
Prof. Lawrence White on Senator Al Franken's proposal on ratings agencies
May 14, 2013
Excerpt from Marketplace -- "'One has to have a high level of confidence that this independent board would get it right,' said Lawrence White, a professor of economics at New York University's Stern School of Business, when asked about Franken's proposal."
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– Faculty News
Prof. Michael Posner on the Bangladesh safety agreement signed by European retailers
May 14, 2013
Excerpt from Reuters -- "Mike Posner, a professor of business and human rights at New York University's Stern School of Business, in an email said agreement to a legally binding accord by major European retailers has put U.S. retailers under pressure. 'The onus is now on American brands to step up to the plate,' he said."
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Excerpt from Bloomberg Businessweek -- "Whether a musical campaign is a good strategy in New York is another question. The city and the subway stations beneath it are already bursting with unusual acts—from mariachi bands to opera duets and break dancers. Some busy locals have grown to either ignore or dislike all the clamor. Working in its favor is the Oreo event’s location and size. 'Union Square is a place where people naturally congregate, so you’ll reach them. The added benefit is the news coverage,' says Craig. 'The challenge for Oreo is it’s a 100-year-old brand. How do you keep it fresh, relevant, exciting? This is one way to break through the clutter.'"
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Excerpt from NPR -- "It's creepy. It's not quite wiretapping but it feels like a first cousin to wiretapping."
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– Faculty News
In an op-ed, Dean Peter Henry explains what we can learn about reinvention from Jamaica
May 13, 2013
Excerpt from Quartz -- "It is tempting to dismiss these microbusinesses that function outside the formal economy. But the ability to build something new from broken pieces is precisely the skill that business leaders in the United States, Europe, and other advanced nations need to renew prosperity. It’s time to take a page from the Jamaican pushcart playbook."
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Excerpt from The Wall Street Journal -- "Lawrence J. White, a professor at New York University's Stern School of Business, says the SEC should make information available to rating firms under 17(g)5 accessible to investors as well. Mr. White says incremental changes to rating-industry practices are far more likely than an overhaul. 'There wasn't going to be major change," he says. "It wasn't going to happen quickly. It's not going to happen now.'"
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Excerpt from Fresh Outlook -- "I think retailers in general, especially retailers with a large physical presence, will benefit. I also think the very large online retailers such as Amazon have already compromised and are paying the taxes for the last couple of years and they also are better equipped to know all the details of every zip code and how much tax they should calculate and so on, so these are going to be the main beneficiaries."
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Excerpt from Bloomberg Markets -- "The researchers looked specifically at the difference between what the banks paid creditors for borrowing money and what investors earned from owning U.S. government debt. They subtracted that number from the same measurement for smaller banks and, taking into account differences in risk unrelated to bank size, determined the value of the implicit government subsidy."
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Excerpt from Nightly Business Report -- "Every director gets one vote so at the end of the day splitting the roles doesn't change that dynamic and sometimes it's appropriate to split the roles if there's a transition in the CEO role or if the company is going through a certain event in its life -- a transaction, or new leadership -- there are specific instances where splitting the role can be very effective and helpful in arranging or facilitating a transition, but really it is not one size fits all. I think one of the good elements of our governance system is that we allow for different cases and different contexts to respond to the needs of the particular situation."
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– Faculty News
Prof. Ingo Walter's research on the investment habits of wealthy families was cited
May 10, 2013
Excerpt from The Wall Street Journal -- "Three economists—Enrichetta Ravina of Columbia Business School, Luis Viceira of Harvard Business School and Ingo Walter of New York University's Stern School of Business—analyzed the holdings and trades of more than 260 ultrawealthy families between 2000 and 2009. The data came from an unnamed private company that consolidates account information for the wealthy."
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– Faculty News
Prof. J.P. Eggers on how the introduction of Windows 8 will impact Microsoft
May 10, 2013
Excerpt from Bloomberg -- "I think one of the biggest problems that they're facing is that this introduction of the product has kind of damaged and threatened the golden goose within the organization, which is this Windows PC operating system business."
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– Faculty News
Prof. Michael Posner on why companies should work on labor reform rather than pull out of Bangladesh
May 09, 2013
Excerpt from CNN -- "If American and Western consumers want to help people get out of poverty, it is important for them to have a presence in countries like Bangladesh, according to Posner. 'The reality is there are four-million people, mostly young women, working in these factories in Bangladesh. They're often the only breadwinners in their families.'”
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– Press Releases
Bob Pittman, CEO of Clear Channel, to Keynote NYU Stern School of Business 2013 Graduate Convocation
May 09, 2013
Bob Pittman, CEO of Clear Channel, will be the keynote speaker for NYU Stern's 2013 Graduate Convocation. Mr. Pittman will urge graduates to challenge the status quo and welcome constant change in order to succeed in today’s digital and global business world.
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Excerpt from Bloomberg -- "BlackRock began a five-year branding campaign last year as it seeks to get investors back into higher-yielding assets such as stocks and expand its retail business. Fink has said clients need to diversify and can be harmed by staying in cash-like products. Earlier this week, he spoke at New York University’s Stern School of Business about the need for retirement-savings reform and creating a mandatory savings system."
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Excerpt from Fortune -- "'Markets look happy, but what is going on in the general economy is not,' says Roubini. 'We are stuck in a two-year boom and bust cycle. That's what I am most worried about.'"
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– Faculty News
Prof. Nouriel Roubini's views on the Federal Reserve's policies were highlighted
May 08, 2013
Excerpt from TIME -- "NYU professor Nouriel Roubini, who correctly anticipated the 2008 financial crisis, has argued that Bernanke’s policies are failing to help the economy and are instead fueling a stock market bubble that will end in a financial crisis."
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Excerpt from CNBC -- "Stocks aren't in bubble territory as yet, but a 'huge rally in risk assets' over the next two years puts markets in danger of a big crash, renowned economist Nouriel Roubini said on Tuesday."
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Excerpt from Harvard Gazette -- "In research described earlier this year in the Personality and Social Psychology Bulletin, Elinor Amit, a College Fellow in psychology, along with two collaborators, Cheryl Wakslak and Yaacov Trope, showed that people increasingly prefer to communicate verbally (versus visually) with people who are distant (versus close) — socially, geographically, or temporally."
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In new research forthcoming in Information Systems Research, Anindya Ghose, NYU Stern Associate Professor of Information, Operations and Management Sciences and co-Director of the Center for Business Analytics, with Gordon Burtch at the University of Minnesota Carlson School of Management and Sunil Wattal at Temple University’s Fox School of Business, quantifies how donors influence each other in the crowdfunding process, and finds that quick fundraising, while seemingly desirable, can have downsides.
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Excerpt from Bloomberg -- "A so-called resolution authority for the repo market, to orderly liquidate repurchase agreements and prevent fire sales of underlying assets during periods of financial stress, was proposed as a way to reduce risks in March 2012 by New York University Stern School of Business professors Viral Acharya and T. Sabri Oncu in a paper presented at a Federal Reserve conference in Washington."
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– Faculty News
In an op-ed, Prof. Aswath Damodaran explains how the US tax code influenced Apple's bond issuance
May 07, 2013
Excerpt from Financial Times -- "Apple’s actions can be explained by two features of the tax code: its treatment of foreign income and its bias towards debt over equity."
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– School News
BlackRock CEO Larry Fink spoke to Stern students about saving for retirement
May 07, 2013
Excerpt from Fortune -- "'We're at a point now where the interest rate cycle makes it very difficult [for investors to save],' he said, during remarks delivered to a group of NYU Stern business school students. 'If you can no longer buy a 30-year bond with a 7% yield, how will investors achieve the necessary savings outcome?'"
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Newsroom & Event Archive
Browse press releases, research alerts, event coverage and other articles from 2008-2011
