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The Leonard N. Stern School of Business Graduate Convocation Ceremony took place on Thursday, May 17, 2012 at Radio City Music Hall.
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– Press Releases
NYU Stern School of Business Establishes Loan Assistance Program for MBAs
May 16, 2012
NYU Stern, with support from its Social Enterprise Association MBA club, announces the establishment of a Loan Assistance Program for full-time, part-time and Executive MBA graduates. The Program seeks to reduce the financial burden of repaying business school loans among graduates who pursue career paths in social enterprise.
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– Research Center Events
NYU Teams Win $200K in Stern's 2011-2012 Entrepreneurs Challenge
May 04, 2012
The winners of this year’s NYU Stern Entrepreneurs Challenge received more than $200,000 in seed money and in-kind support. After pitching their venture ideas, the five winning teams, each led by NYU students, were chosen by a panel of judges from the venture capital, technology and social enterprise sectors.
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Building on its strengths in economics, finance and global commerce, New York University Stern School of Business has established the Center for Global Economy and Business to promote faculty research into the global aspects of modern economies and business.
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Read more about NYU Stern's Undergraduate Baccalaureate ceremony and Stern's Graduate Convocation ceremony.
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Read more about NYU's All-University Commencement ceremony
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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.'"
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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."
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– Faculty News
Prof. Nicholas Economides on the prospect of Greece exiting the euro zone
May 14, 2012
Excerpt from Bloomberg TV -- "There is a significant chance that things are not going to go well for Greece."
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Excerpt from Barron's -- "Mattresses fit the private-equity profile because they had well-known brands with customer loyalty and ample cash flow to support large debt loads, says Roy C. Smith, a professor of entrepreneurship and finance at NYU Stern School of Business."
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– Faculty News
Prof. Baruch Lev's co-authored book, "Measuring Business Excellence," is cited
May 14, 2012
Excerpt from CFO Magazine -- "'In the knowledge economy,' wrote Baruch Lev, Stern School of Business professor of accounting and finance, in Measuring Business Excellence, a book he co-authored in 2004, 'differentiation has become a key success factor.'"
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– Press Releases
From the CVS Brand to Nike Deodorant? Study Shows How Marketers Can Persuade Consumers to Switch
May 14, 2012
New research by Professor Tom Meyvis and co-authors suggests consumers are more willing to switch their preference from a low-status brand to an extension of a premium brand that isn’t a natural fit for the product category when marketers add a picture of the product in question or allow consumers to compare brands rather than judge each brand separately.
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– Press Releases
Maria Bartiromo, Anchor of CNBC’s “Closing Bell,” to Keynote NYU Stern 2012 Graduate Convocation
May 14, 2012
Maria Bartiromo, anchor of CNBC’s “Closing Bell,” and anchor/managing editor of the nationally syndicated “Wall Street Journal Report with Maria Bartiromo,” will be the keynote speaker at NYU Stern’s 2012 Graduate Convocation ceremony.
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– Faculty News
Profs Lasse Pedersen & Andrea Frazzini's research on equity markets is cited
May 13, 2012
Excerpt from Financial Times -- "He refers to a broader study – 'Betting Against Beta' – by Andrea Frazzini and Lasse Hele Pedersen, in 2011, which looked at equity markets, government and corporate bonds and futures."
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– Faculty News
Prof. Arun Sundararajan on why privacy risk is Facebook's biggest challenge
May 13, 2012
Excerpt from Gigaom -- "'I think the single biggest driver of risk for Facebook … comes down to ‘are they able to strike the right privacy balance?’,' [Sundararajan] told me during a recent interview. It’s kind of a chicken-and-egg problem: Facebook has to use and monetize consumer data into ad revenues to justify its lofty valuation, Sundararajan explained, but if it goes too far and turns off users, it risks losing those very users whose data it relies upon."
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Excerpt from The New York Times -- "'I think the main factor holding long-term rates down now is very weak global economic growth, and I don’t see that changing soon,' [Damodaran] said. One indication that the world had truly recovered from the financial crisis would be a rise in 10-year Treasury yields to 4 percent, he said, but he did not see that prospect as imminent."
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Excerpt from Bloomberg -- "'We think of JP Morgan as being one of the more systemic institutions because it is so big,' said Engle, who helped develop a model of systemic risk at the Stern school’s Volatility Institute. 'But because it is big, a loss like this is not going to bring it to its knees.'"
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Excerpt from The Wall Street Journal -- "Aswath Damodaran, a finance professor at New York University and an expert on valuation, says Facebook probably is fairly valued at around $75 billion to $80 billion, assuming its revenues and earnings keep rising briskly and it can keep profit margins near 30%."
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– Faculty News
Prof. William Silber is highlighted for his forthcoming biography of Paul Volcker
May 11, 2012
Excerpt from Financial Times -- "William Silber’s forthcoming biography of former US Federal Reserve chairman Paul Volcker will probably teach the median American reader more about macro-economics than Allan Meltzer’s multi-volume history of the Fed or Friedman and Schwartz’s Monetary History of the United States."
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– Faculty News
Prof. Justin Kruger's co-authored research on how the rate of consumption affects pleasure is cited
May 11, 2012
Excerpt from The Wall Street Journal -- People rush through experiences because they don't realize that slowing down consumption leads to more pleasure, a study [by Justin Kruger and co-authors] finds.
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– Faculty News
Prof. Thomas Philippon on France's recently elected president, François Hollande
May 10, 2012
Excerpt from Bloomberg Businessweek -- "He may head France’s Socialist Party, but 'there is not a chance in the world that Hollande would try to implement old-fashioned socialism in France,' says Thomas Philippon, a French citizen and adviser to the Hollande campaign who is an economist at New York University’s Stern School of Business."
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– Faculty News
Prof. Kim Schoenholtz on Germany's central bank accepting higher inflation in Germany
May 10, 2012
Excerpt from Bloomberg Businessweek -- " ... the only way the euro zone as a whole can stick to its inflation target is for the stronger countries, such as Germany, to permit inflation rates above the euro zone average. ... 'It’s simple arithmetic,' says Kermit Schoenholtz, director of the Center for Global Economy & Business at New York University’s Stern School of Business."
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Excerpt from CFO Magazine -- "Economist Nouriel Roubini ... comments on Twitter that the result of the Greek election is 'much more serious than the French one as the former leads to chaos while Hollande will turn out to be a moderate.' Not only is Greece’s continuing membership in the European Union now 'at risk,' Roubini says, a 'negotiated exit' is the only option to restore growth in that country."
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– School News
MBA Students in the Stern Consulting Corps work with emerging designers to develop business plans
May 09, 2012
Excerpt from The Wall Street Journal -- "The exercise was part of an unusual collaboration between New York University's Stern School of Business and the Council of Fashion Designers of America's two-year-old Fashion Incubator program, which gives emerging designer labels mentoring from established fashion executives and designers, networking opportunities and office space in New York's garment district."
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– Press Releases
Renowned Social Psychologist Jonathan Haidt Joins NYU Stern School of Business
May 09, 2012
New York University Stern School of Business today announced that Jonathan Haidt will join its faculty in the fall of 2012 as the Thomas Cooley Professor of Ethical Leadership.
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