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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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New York University Stern School of Business today welcomes to its New York campus the inaugural class of the Master of Science in Business Analytics program. The MS in Business Analytics is the first accredited graduate-level program in business analytics to be offered by a leading business school. It exposes students to innovative methodologies that support data-driven decision-making, and will equip graduates with the ability to transform data into a powerful and predictive strategic asset to ultimately drive better business results.
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– School News
NYU Stern Undergraduate College Students Teach Classmates about the Federal Debt Crisis
May 20, 2013
At the end of the Fall 2012 semester, a group of NYU Stern undergraduate students in the Business and Political Economy (BPE) degree program were selected to represent NYU in the Up to Us Campaign - a nationwide competition, sponsored by the Clinton Global Initiative University, Net Impact, and the Peter G. Peterson Foundation - in which students educated classmates and their local communities on the federal government’s debt.
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– Faculty News
Prof. Adam Alter discusses the psychology of color, from his book, "Drunk Tank Pink"
May 19, 2013
Excerpt from CBS Sunday Morning -- "'Some of the researchers believe that it's biological in origin -- that there's something about the way this color interacts with our eyes and with our brains and with our physiology to weaken us,' said Alter. 'I think another alternative is that it's just based on the association.'"
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Excerpt from Bloomberg -- "Certainly, Michael Dell and Carl Icahn's two plans are very, very different for what the vision for the company is and everyone and the board and the shareholders needs to decide which path they want to go down."
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Excerpt from Financial Times -- "David Yermack, a professor of finance and business transformation at New York University’s Stern School of Business, and co-authors, Tanja Artiga González and Markus Schmid of the University of St Gallen in Switzerland, examine more than 200 US companies accused by governments of price-fixing between 1986 and 2010."
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– Faculty News
Prof. Arun Sundararajan explains the need for data collection in the sharing economy
May 16, 2013
Excerpt from Boston Magazine -- "'I think there is the growing realization that some portion of your business, in a number of industries, is going to involve a shared product rather than an owned asset,' he said. 'Now companies have to say, well, after I sell my product to my customers, are they using it efficiently? Because if they’re not using it efficiently, can I be sure that some sharing economy marketplace isn’t gonna come along and offer them a more efficient substitute?'”
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– Faculty News
Dean Peter Henry explains the changes the U.S. can make to achieve prosperity
May 15, 2013
Excerpt from PBS -- "I think there's no easy road to getting to the point of having the populous trust you. So we have to get there by making decisions -- for instance, invest in education, because think about the transformation of the world economy. The United States has become a service-driven economy. And so in order for us to deliver prosperity, we need to make sure that our citizens are in a position to benefit from the knowledge economy. But that means making the fundamental investments, for instance, in education."
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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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Excerpt from Bloomberg -- "No one does catch-up better than Google. They have this army of engineers. They're not afraid to innovate and put stuff out that's not perfect and then do one of two things: make it work or kill it. So if you're Pandora or Spotify, this is a scary day."
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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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– 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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– 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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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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– 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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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. 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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Browse press releases, research alerts, event coverage and other articles from 2008-2011
