Press Releases

Increasing Competition Won’t Stop Firms from Shopping for the Best Credit Rating

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.
Press Releases

Peter Blair Henry, Renowned Int’l Economist, Named Dean of NYU’s Stern School of Business

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.
Press Releases

More Bad News for Managers: New Research Says You Can’t Make the Right Choice

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.
Press Releases

Study Finds Geothermal Energy the Most Efficient Renewable Energy Alternative and Improving Fastest

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?
Press Releases

Dean Thomas Cooley Testifies before the House on the Role of the Federal Reserve

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.
Press Releases

SEA Speaker Series Hosts IBM's Steve Kloblen & Florence Hudson

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.
Press Releases

Research Debunks Perception that State or National Lines Offer Protection from Swine Flu

As panic surrounding the spread of swine flu heightens following the World Health Organization’s declaration of a global pandemic, many may be fooling themselves into believing that their state or national border can provide protection from the virus, based on new research from NYU Stern on people's tendency to treat arbitrary political boundaries as safeguards.
Press Releases

Professor Viral Acharya Awarded the III Jaimie Fernandez de Araoz Corporate Finance Award

On June 8, 2009, NYU Stern Professor of Finance Viral Acharya, along with his colleagues Raghuram Rajan from Chicago Booth and Stewart Myers from MIT Sloan, received the III Jaime Fernández de Araoz Corporate Finance Award for their paper, “The Internal Governance of Firms.”
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Prof. Lawrence White Testifies Before the US House on the Present and Future of Fannie and Freddie

On Wednesday, June 3, Lawrence White, Professor of Economics and Deputy Chair of the NYU Stern Economics Department, testified before the US House of Representatives Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises, Committee on Financial Services.
Press Releases

Professor Sinan Aral Granted $475,000 NSF CAREER Award

Sinan Aral, NYU Stern Assistant Professor of Information, Operations and Management Sciences, has been recognized by the National Science Foundation (NSF) with its Faculty Early Career Development Award (CAREER). As part of this award, he will receive $475,000 to support his latest research.
Press Releases

Eric Dinallo, Superintendent of the New York State Insurance Department, to Join NYU Stern

NYU Stern announced that Eric Dinallo, Superintendent of the New York State Insurance Department, will join the faculty as the Henry Kaufman Visiting Professor of Finance. Dinallo will teach an MBA course in the Markets, Ethics and Law Program, beginning with the fall 2009 semester.
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NYU Stern and Wharton Professors Offer Executive Compensation Solution

Having regulated CEO pay in firms that have received bailout money, the Obama administration is now in serious discussions about overhauling compensation practices across the entire financial services industry.
Press Releases

The Topmost Positions Are Not Always Most Profitable for Advertisers in Search Engine Auctions

In their new research paper entitled, “An Empirical Analysis of Search Engine Advertising: Sponsored Search in Electronic Markets,” NYU Stern Professors Anindya Ghose and Sha Yang challenge the prevailing viewpoint that the topmost positions are always the most profitable ones for advertisers in search engine auctions.
Press Releases

Prof. Thomas Philippon named Best Young Economist by Le Cercle des Economistes and Le Monde Economie

Assistant Professor of Finance Thomas Philippon was one of two recipients of the "Best Young Economist" award, given every year by Le Cercle des economistes in partnership with the newspaper Le Monde Economie.
Press Releases

Stern Doctoral Alumni, Students and Faculty Gather for the First PhD Alumni Conference

The Stern Doctoral Office hosted its inaugural PhD Alumni Conference in May to bring together Stern PhD alumni, faculty and students in a day of reconnecting and engaging in new ideas.
Press Releases

NYU Stern Nobel Laureate Robert Engle Forecasts High Market Volatility for Next 12 Months

On Friday April 3, 2009, Professor Engle will debut Stern’s new Volatility Lab, or “Vlab” for short, at the Volatility Institute’s inaugural conference. A new and independent tool to measure market risk, the Vlab calculates the volatility of the S&P 500, MSCI World Index, emerging markets, commodities, exchange rates and more every day. It also produces volatility forecasts up to a year in advance.
Press Releases

Money Doesn’t Always Motivate Employees

“When the economy sours and corporate bottom lines suffer, organizations must rely on employees more than ever to go beyond the call of duty,” says NYU Stern Professor Steve Blader. In two recent studies examining close to 1,000 employees, he and his colleagues explored how organizations can motivate workers.
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33 Professors at NYU Stern Propose Solutions on Restoring the Global Financial System

November 1 marked the beginning of an unprecedented collaboration among NYU Stern's leading finance and economic scholars. The goal was to harness the collective intellectual strength and expertise at the Stern School in order to influence policy—during and immediately following the transition to the Obama administration-as the repair of the failed financial system got underway. The result was a systematic approach to analyzing the numerous causes of the financial crisis, and to proposing financial policy alternatives and specific courses of action that aimed to restore the global financial and economic system.
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NYU Stern School of Business Opens New Volatility Institute

Today, NYU Stern announced the launch of a new research center, the Volatility Institute, created under the leadership of the School’s Nobel Laureate Robert F. Engle, the Michael Armellino Professor of Finance at Stern.
Press Releases

New Study from NYU Stern Demonstrates That Politics Shape Buyout Performance

In publishing the first empirical evidence measuring the influence of the political views of states on the volume of buyout activity and outcomes of buyout transactions, NYU Stern Assistant Professor of Management Aviad Pe’er, with Oliver Gottschalg of HEC School of Management in Paris, found that Republican political views positively impact both the volume and performance of buyouts, while the Democratic political views have negative impacts.
Press Releases

New Study Finds Measurable Return-On-Investment of Academic Research on B-School Performance

In publishing the first empirical evidence measuring the value of academic research on business school performance, NYU Stern Marketing Professor Peter Golder, with Debanjan Mitra of the University of Florida, use data to challenge the widely publicized 2005 Harvard Business Review opinion-based attack by Bennis and O'Toole on business schools for becoming too focused on research at students' expense. Golder and Mitra's research appears in the September 2008 issue of The Journal of Marketing.
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NYU Stern and Swiss Finance Institute Launch Banking & Financial Institutions Management MBA

The New York University Leonard N. Stern School of Business and the Swiss Finance Institute announce a new executive learning program to tackle future challenges presented by the global financial system. The specialized executive MBA in Banking and Financial Institutions Management assembles a faculty offering an unrivaled concentration of global expertise in banking and finance.
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Amsterdam Institute of Finance & NYU Stern Partner to Launch the Executive M.S. in Risk Management

Amsterdam Institute of Finance (AIF) and New York University Stern School of Business (NYU Stern) are partnering to launch the Executive Master of Science in Risk Management, an innovative, global executive degree program in risk management. This alliance connects two of the world's financial centers and provides a firm response to the current financial turmoil.
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Stern Campus Greening Initiative Wins Net Impact Green Challenge

The Stern Campus Greening Initiative (SCGI) won "green" at the national Net Impact Green Challenge, an event that recognizes and rewards members of the Net Impact group who are working on tangible projects that make a positive environmental impact on their company, campus or community.
Press Releases

NYU Entrepreneurs Awarded $150k in Stern's 9th Annual Business Plan Competition

More than $150,000 in seed money and in-kind support was awarded to the winners of the 9th Annual NYU Stern Business Plan Competition. The three winning teams, each lead by NYU students and alumni, were chosen by a panel of seasoned business owners and private investors after successfully pitching their new venture ideas. Taking top honors were business concepts that mirror marketplace trends such as leveraging social networking sites to create unique product offerings and using innovative business models to combat intractable global social issues, including poverty and poor access to quality healthcare.

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