• Considering market-based approaches to tackle the world’s most intractable social problems is exactly the type of study NYU Stern’s Citi Leadership and Ethics Program was created to explore. Marking its 7th year, the Program appointed Mary Ellen Iskenderian, President and CEO of Women’s World Banking (WWB), the world’s largest network of microfinance institutions and banks, as this year’s Distinguished Citi Fellow in Leadership and Ethics.
  • As of the end of 2008, $9.6 trillion was invested with investment professionals in the US. How can investors know their money is well managed? Three NYU Stern professors recommend picking money managers who shift their investment strategies over the course of the business cycle.
  • New York University Stern School of Business Luxury and Retail club, in partnership with LuxuryLab, will co-host the Innovation Forum 2009, a half-day event that includes 15, nine- and 18-minute high velocity presentations from some of the biggest names in luxury goods, media and academia.
  • In their paper, “The Price of Sin: The Effects of Social Norms on Markets,” NYU Stern Assistant Professor of Finance Marcin Kacperczyk and his co-author, Harrison Hong from Princeton University, examine the performance of stocks from 1926-2006.
  • On October 20, NYU Stern alumnus John Poindexter (MBA ’71 & PhD ’76), along with 86 veterans of the troop he commanded, was honored with the Presidential Unit Citation by President Obama in recognition for their actions four decades ago in the Republic of Vietnam.
  • NYU Stern Finance Professor Stephen Brown, with co-authors William Goetzmann from the Yale School of Management, Bing Liang from the University of Massachusetts at Amherst and Christopher Schwarz from the University of California at Irvine, examined 444 hedge fund due diligence reports supplied by a major hedge fund due diligence firm hired on behalf of investors.
  • On September 30, 2009, NYU Stern Professor Lawrence White testified before the US House of Representatives Committee on Oversight and Government Reform during a hearing to examine the role of credit rating agencies in the recent financial crisis, the dangers they pose to investors and whether the agencies need to be regulated.
  • On September 25 & 26, NYU Stern’s Vincent C. Ross Institute of Accounting Research hosted the 2009 Journal of Accounting, Auditing and Finance & KPMG Foundation Conference on “Topical Issues in Accounting.”
  • Apple, BMW, Audi, Sony, Porsche, Louis Vuitton, Ralph Lauren and Tag Heuer are “Geniuses” when it comes to using digital applications to strengthen their brands, according to the new Digital IQ Ranking.
  • On September 16, 2009, Professor Lawrence White testified before the United States House of Representatives Committee on Financial Services during a hearing on “Proposals to Enhance the Community Reinvestment Act (CRA).” In the hearing, Professor White argued that the CRA is not a good public policy tool, described the act’s shortcomings and outlined a more effective way to achieve the goals of CRA advocates.
  • Two teams of researchers will report on the first phase of their study on effective approaches to the training of prospective innovative entrepreneurs.
  • September 15, 2009 marks one year after the collapse of Lehman Brothers, which precipitated the financial crisis that unfolded last fall. NYU Stern finance, economics and accounting faculty, including authors of the book, Restoring Financial Stability: How to Repair a Failed System, are available to provide perspectives on a variety of financial and policy angles on the crisis and where we are today.
  • Viral Acharya, NYU Stern Professor of Finance, was awarded the Viz Risk Management Prize on Energy Markets, Securities, and Prices, for his paper, “Limits to Arbitrage and Hedging: Evidence from Commodity Markets,” with co-authors Lars Lochstoer from Columbia Business School and Tarun Ramadorai from Oxford University Said Business School.
  • New York University Stern School of Business will begin accepting Graduate Record Exam (GRE) test scores from candidates applying to its full-time and Langone part-time MBA programs for fall 2010 admission. Applicants will now have the option to submit either Graduate Management Admission Test (GMAT) or GRE scores with their application.
  • “As the global recession continues, struggling domestic industries are demanding new import restrictions to safeguard their businesses,” says NYU Stern Professor Robert Salomon.
  • On August 5, 2009, NYU Stern Professor Lawrence White testified before the US Senate Committee on Banking, Housing and Urban Affairs during a hearing on “Examining Proposals to Enhance the Regulation of Credit Rating Agencies.”
  • New research by NYU Stern Finance Professor Viral Acharya, with Stew Myers of MIT and Raghuram Ragu of Chicago GSB, finds that firms should invest in junior management because they impose an important discipline on top management and are closely tied to a firm’s long-term value.
  • The insurance sector, notably the monoline insurers and A.I.G., played a crucial role during the boom of 2004-2007 by guaranteeing a variety of credit risks using both insurance policies and significantly substitutable credit derivatives.
  • On Thursday, July 30, Dean of Students and Associate Dean of MBA Student Affairs Gary Fraser joined second-year MBA student Debra-Ellen Glickstein, co-founder of the East River Development Alliance (ERDA), and members of the NYU Stern Student Corporation (SCorp) to present a $20,600 check to Bishop Mitchell G. Taylor, CEO of ERDA, and to participants who have benefited from the organization's programs.
  • As proposals circulate on how to fix the credit rating agency problem, new research from NYU Stern suggests that increased competition and more regulation aren’t the answer. Solutions, say two economics professors, lie with getting credit rating agencies to adjust for the bias that results from ratings shopping.
  • NYU President John Sexton and Provost David McLaughlin today named Peter Blair Henry – the Konosuke Matsushita Professor of Economics at Stanford University – as dean of NYU’s Leonard N. Stern School of Business. He will assume the deanship effective January 15, 2010. A Rhodes Scholar; the leader of the Obama Transition Team’s review of the International Monetary Fund, World Bank, and other international lending agencies; and an economic advisor to governments from the Caribbean to Africa, Dean-designate Henry’s scholarship focuses on the impact of economic reform on emerging economies.
  • Cut medical benefits or lower salaries? Lay off workers or go bankrupt? Risk today’s bottom line or tomorrow’s? Dilemmas such as these are often unavoidable, and new research coming out of NYU Stern suggests that if you are choosing between two unsavory alternatives, you are likely to be blamed no matter what choice you make.
  • As the Obama Administration pushed the energy bill through the House, government organizations and corporations are assessing renewable energy alternatives. Which are the most efficient and improving the fastest?
  • On July 9, 2009, Dean Thomas Cooley’s testimony was written into the record of a hearing on the role of the Federal Reserve before the House Financial Services Committee, Subcommittee on Domestic Monetary Policy, US House of Representatives.
  • As worldwide organizations, big and small, continue to adopt "green" business practices, IBM's Steve Kloeblen and Florence Hudson sat down with a class of MBA students in Stern's "Leading Sustainable Enterprises" course, taught by Professor Frances Milliken, to share some insight into the company's corporate culture and recent work in the area of sustainability.