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    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 Banks have hemorrhaged cash; since mid-December 2014, when elections were announced, more than €40 billion has been withdrawn by depositors.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."
  • 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 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 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
    refinery29 logo
    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."

    Watch the video
  • globe and mail logo feature
    Excerpt from The Globe and Mail -- "Aswath Damodaran, a professor of finance at New York University, likes to gauge the market by keeping tabs on the so-called equity risk premium, which he says is 'the one number that best sums up investors’ hopes, fears and expectations.' In more precise terms, the equity-risk premium is the expected extra return that investors demand over and above what they could get on safe government bonds before they will agree to buy stocks. Prof. Damodaran’s estimate of the premium at the start of June was 5.74 per cent, far higher than the norm of 4.07 per cent during the past half century."
  • luxury daily logo feature
    Excerpt from Luxury Daily -- "'Having shifted away from mere marketing of products, most luxury brands have redirected their focus on marketing experiences,' said Thomaï Serdari, Ph.D., founder of PIQLuxury and adjunct professor of luxury marketing at New York University, New York. 'The best way to do that digitally is to create a 360-degree overview of the brand that highlights the processes of production, the people involved, the various stages outlined in bringing a concept to life and to the hands of the consumer and finally, the context within which it all takes place,' she said."
  • atlantic logo feature
    Excerpt from The Atlantic -- "And an interesting study shows that when leaders are fair to the members of their team, the team members display more citizenship behavior and are more productive, both individually and as a team. Jonathan Haidt at New York University Stern School of Business shows in his research that when leaders are self-sacrificing, their employees experience being moved and inspired."
  • time magazine logo feature
    Excerpt from TIME -- "[The presidential candidates] should have long ago ignored what the polls were saying and told us directly whether they believed the flag should continue to fly and why. Now they’ll never have to, claiming they were vindicated in allowing the state of South Carolina to make the “right” decision for themselves. These candidates should have acknowledged outright that the Confederate flag is a clear symbol of racism and hatred, the same type of racism that claimed the lives of those 9 people in the church."
  • nightly business report logo feature
    Excerpt from NBR -- "Society gives [corporations] a license to operate by making certain concessions and accommodations to businesses. And they employ large numbers of people, affect large numbers of communities all across the globe. So, they are a part of civil society, and how they go about doing their business, how they create goods and services and how they market those services have a huge impact on society. So, it's not at all surprising that in the wake of this tragedy, the politicians have rallied very swiftly and the retailers have rallied to make changes that probably should have been made quite a long time ago."
     
  • bloomberg logo new
    Excerpt from Bloomberg -- "[Prime Minister Alexis Tsipras] will have a hard time... He has a majority of about 20 in the parliament. Probably more than 20 are going to defect. Other parties are going to vote for the deal, but not having enough majority in the parliament for himself means that he has to resign. ... The current setup cannot survive if [Tsipiras] loses the majority."
     
  • OZY logo
    Excerpt from OZY -- "Thanks to the data economy, being in charge of a company’s 'information' means, well, being in charge of the company itself. This has the CIO doing more than the classic management of tech and infrastructure systems, says Prasanna Tambe, associate professor of information, operations and management sciences at NYU Stern School of Business. It also means setting organizational culture, overseeing major budgets and investment decisions — not to mention navigating a confusing landscape of colleagues whose roles are also changing."
  • engineering.com logo
    Excerpt from Engineering.com -- "Deepak Hegde, Assistant Professor at NYU Stern School of Business, studied the new patent rules and found that the changes did make better quality patents. He said, 'When we examine indicators of patent value, we find consistent evidence that the least-valuable and least-impactful patents are those that opted for pre-grant secrecy.'"
  • new york times logo feature
    Excerpt from The New York Times -- "Still, the trend in campaign stores, even in the more basic emporia, is limited-edition merchandise geared to specific events: LGBT pride, in the case of Mrs. Clinton and Mr. Sanders (think rainbow stripes); Father’s Day in the case of Mr. Paul. Such collections provide not only another reason to shop/donate, but also insight into what issue may be most important to a particular supporter. 'It’s a signal,' said Scott Galloway, the founder of the digital research firm L2 and a clinical professor of marketing at the New York University Stern School of Business. 'I would say a faint signal, but definitely a signal.'"
  • bloomberg view logo
    Excerpt from Bloomberg View -- "'The [employer/contractor legal] dichotomy makes the provider-platform relationship more adversarial than it needs to be, which hurts platform culture,' Arun Sundararajan, a New York University professor who has done much research on what is often called the 'sharing economy,' said in an e-mail when I asked him about this. 'It introduces an artificial distance.'"
  • cnbc logo feature
    Excerpt from CNBC -- "There are two big problems with the current automatic substitution system. First, generics are not identical to the branded drug. Generic drugs only have to meet the standard of 80 percent to 125 percent of the bioavailability of the referenced drug ... The second problem with automatic substitution is that it forces branded companies to subsidize generics, undermining competition and innovation ... We should instead be looking for ways to make clinical testing more efficient, and generally lowering the entry barriers to competition among branded pharmaceutical companies."
  • batterii blog logo
    Excerpt from Baterii blog -- "What if we really looked at a whole range of different possible answers when we look at a problem? 'What if you had five answers instead of one answer, and then you debated the strong and the weak points of each?' says Wolff. If we, as individuals and teams, can actually get into the habit of saying, 'What if there were better solutions?' we could come up with many valuable, new-to-the-world answers."
  • bloomberg logo new
    Excerpt from Bloomberg -- "One of the reasons this is a good deal for the United States is because, within a year, certainly by the end of 2016, we will see a million additional barrels [of oil] a day of production coming on line from Iran. That's why America's ally, the Saudis, really don't want a deal. And I don't blame them. But the problem is, the Americans and the Saudis have very different interests, on this and on many other things. And so the United States is pushing for something that is clearly an unmitigated good for the American economy. If the Iran deal happens, OPEC is effectively destroyed."
  • wall street journal logo feature
    Excerpt from The Wall Street Journal -- "Over the past 40 years, lower-risk banks haven’t had lower costs of equity, according to a paper recently published in The American Economic Review. 'All else being equal, making regulated banks less risky may actually raise their cost of capital,' argue the authors, Malcolm Baker of Harvard Business School and Jeffrey Wurgler of New York University’s Stern School of Business."
  • barrons logo feature
    Excerpt from Barron's -- "A Greek debt deal 'looks like it is going to happen,' according to Nicholas Economides, a professor of economics at the Stern School of Business at New York University, speaking on Bloomberg radio. Economides said that implementing the deal and getting political support behind it are big tasks, but he emphasized the “tremendous pressure” for the Greek government to avert a default and capital controls."

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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:

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
 

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