NYU Stern

Experience Faculty & Research

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Claudine Gartenberg

Claudine Gartenberg

Joined Stern 2011

Leonard N. Stern School of Business
Tisch Hall
40 West Fourth Street, 709
New York, NY 10012

E-mail cgartenb@stern.nyu.edu

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Biography

Claudine Gartenberg joined New York University Stern School of Business as an Assistant Professor of Management in September 2011.

Professor Gartenberg's research focuses on the connection between strategy and the internal organization of firms. In one set of research, for which she has received the Wyss Award at Harvard Business School, she asks whether the corporate scope of firms can induce incentive conflicts inside organizations. Using the US residential mortgage markets as her research setting, she compares lending quality across firms competing in the same regions. One study investigates whether homebuilders excessively lowered lending standards to inflate homes sales during the recent housing boom. Another study examines how lending quality was affected by the combination of in-house securitization operations and firm governance. In a second set of research, Professor Gartenberg investigates how competitive or cooperative incentive compensation of senior managers relates to firm strategy and internal and external labor market practices.

Prior to joining NYU Stern, Professor Gartenberg was an account manager at a business consulting firm, working with clients such as PG&E, Chevron, Hallmark Cards, Wells Fargo and Bank of America.

Professor Gartenberg received a B.A. with honors in Physics from Harvard College, and a D.B.A. and M.B.A. from Harvard Business School, where she graduated as a Baker Scholar.

Research Interests

  • Connection between strategy and the internal organization of firms
  • Incentive conflicts inside organizations

Academic Background

M.B.A.
Harvard Business School

D.B.A.
Harvard Business School

B.A., Physics
Harvard College

Selected Publications

Claudine Gartenberg (2014)
Do Parents Matter? Effects of Lender Affiliation Through the Mortgage Boom and Bust. Management Science, 2014, 60(11): 2776-2793.
accepted (February 2014)

Sumit Agarwal, Gene Amromin, Claudine Gartenberg, Anna Paulson, Sriram Villupuram (2014)
Homebuilders, Affiliated Financing Arms, and the Mortgage Crisis

Claudine Gartenberg, Lamar Pierce (2014)
Subprime Governance: Managerial Agency Costs in Vertically Integrated Banks

Claudine Gartenberg, Julie Wulf (2014)
Pay Harmony: Peer Effects and Executive Compensation

Tarun Khanna, Krishna G. Palepu, Claudine Madras (2006)
Teva Pharmaceutical Industries, Ltd

Areas of Expertise

Management

  • Corporate Governance
  • Corporate Strategy
  • Decision Making & Policy