NYU Stern School of Business Faculty & Research | Books, Opinion, Research Highlights, Research in the News, Archive, Faculty Directory

Why Quarterly Reporting from Business Makes Sense - By Michael Posner
This morning President Trump directed the Security and Exchange Commission to explore extending financial reporting deadlines from three months to six. In a morning tweet, he said this suggestion came from top business leaders who told him that this “would allow greater flexibility & save money.” Indeed. But at a time when public confidence in all institutions, including business, is declining, this is exactly the wrong direction for government to go.
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- Biography: Professor Michael Posner
- Department: Center for Business and Human Rights
— Opinion
You’re Paying More in America Than You Would in Europe - By Thomas Philippon & Germán Gutiérrez
Like many foreigners visiting the United States in the late 1990s and early 2000s, we were pleasantly surprised to discover that nearly everything — from laptops to Internet to airplane tickets — was cheaper. Where we grew up, in Mexico and France, it cost at least 30 percent more to fly or connect to the Internet.
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- Biography: Professor Thomas Philippon
- Department: Finance
— Opinion
Who Should See 'Crazy Rich Asians' - By Dolly Chugh
Do your Facebook friends offer to buy you movie tickets? One of mine did. After seeing an early screening of the movie Crazy Rich Asians, business strategist Jodi Chao made her friends an offer. “If this movie genuinely (!) wasn’t on your radar to catch while in theaters,” she typed, “I want you to go see it before Labor Day and I’d like to cover your ticket. Capping this at the first 5 of you (because I’m not a Crazy Rich Asian … yet).” I asked Jodi why she wanted people to see the movie, opening August 15 and based on the bestselling book by Kevin Kwan. From that conversation, here is my take on who should see Crazy Rich Asians.
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- Biography: Professor Dolly Chugh
- Department: Management and Organizations
— Opinion
How to Even Out the Pains and Gains from International Trade - By Michael Waugh
Exposure to trade creates winners and losers. We ask the question: How can society mitigate the losses, yet preserve the gains from trade? We argue that a progressive tax system performs that role and the optimal level of progressivity should increase with increased exposure to trade.
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- Biography: Professor Michael Waugh
- Department: Economics
— Opinion
Tariffs or Tax? Policy Tools to Manage Globalization’s Impact - By Michael Waugh
In “Redistributing the Gains from Trade through Progressive Taxation,” a working paper published by the National Bureau of Economic Research in June 2018, the authors observe that while trade is a net positive for the vast majority of the population, who enjoy the increased choice and lower prices it brings, it negatively affects certain workers, for example those in manufacturing, steel, and medium-skill services.
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- Biography: Professor Michael Waugh
- Department: Economics
— Research Highlights
Combating Russian Disinformation - By Stern Center for Business and Human Rights

A new report from the NYU Stern Center for Business and Human Rights outlines the dangers posed by Russian political disinformation and offers recommendations to governments and Internet platforms on how to address threats.
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— Research Highlights
Trump May Kill the Global Recovery - By Nouriel Roubini
How does the current global economic outlook compare to that of a year ago? In 2017, the world economy was undergoing a synchronized expansion, with growth accelerating in both advanced economies and emerging markets. Moreover, despite stronger growth, inflation was tame – if not falling – even in economies like the United States, where goods and labor markets were tightening.
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- Biography: Professor Nouriel Roubini
- Department: Economics
— Opinion
We Take More Risks When We Compete Against Rivals - By Gavin Kilduff
Rivalry is everywhere. We see rivalries in sports, business, school, and basically any arena where there is competition. Whether it is rivalry between people (Bill Gates versus Steve Jobs; Roger Federer versus Rafael Nadal), between organizations (e.g., Ford versus GM), or between nations (e.g., should U.S. soccer fans have rooted for rival Mexico in the World Cup?), there is something uniquely powerful about rivalry that differentiates it from others forms of competition and relationships.
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- Biography: Professor Gavin Kilduff
- Department: Management and Organizations
— Opinion
Lloyd Blankfein Legacy is a Headache for Solomon - By Roy C. Smith
Goldman Sachs‘ announcement on Tuesday that David Solomon will replace Lloyd Blankfein as CEO was expected, but when the actual change occurs on Oct 1 it will brings to an end the super-eventful 16-year period in which Blankfein reshaped the firm – not once but twice – while maintaining its preeminent role as one of the world’s foremost investment banks even through the worst financial crisis since the 1930s.
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- Biography: Professor Roy C. Smith
- Department: Finance
— Opinion
The Antitrust Revolution - By Lawrence J. White
The Antitrust Revolution, Seventh Edition, examines the critical and ever-changing role of economics in the antitrust process in the US. The book consists of 22 case studies of the most significant antitrust cases of recent years, building on previous editions that have chronicled the growing role of economics in antitrust since 1989. This edition includes 17 entirely new cases that demonstrate the novel economic issues that continue to arise and the new roles for economics in the process.
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- Biography: Professor Lawrence J. White
  Department: Economics
— Books
Target-2 Masks Reduced Fragmentation - By Kim Schoenholtz
The claims of the Bundesbank on the European Central Bank through the Target-2 system are approaching €1tn. What do these claims represent? Are they subsidised German loans to other euro-area countries – primarily Italy, Portugal and Spain? Do they signal further financial disintegration in Europe? Or, as large as these numbers are, are they simply a consequence of the complex mechanics related to the construction of the Eurosystem and how it implements monetary operations?
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- Biography: Professor Kim Schoenholtz
- Department: Economics
— Opinion
Power and Status at Play in Organizations - By Joe Magee
An understanding of power and status would seem essential when analyzing the dynamics at play in political or social organizations. A paper by NYU Stern Professor Joe Magee, which recently won the Academy of Management Annals Decade Award, is particularly timely and relevant today.
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- Biography: Professor Joe Magee
- Department: Management and Operations
— Research Highlights
The Time to Focus on AI’s Impact is Now - By Robert Seamans
If the digital age morphs into the artificial intelligence (AI) age, labor economists and policymakers want to be ready to accommodate that transformation and its effects on labor and productivity. With that in mind, NYU Stern Professor Robert Seamans reviews the evidence to date and suggests strategies of dealing with the impact of AI.
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- Biography: Professor Robert Seamans
- Department: Management and Organizations
— Research Highlights
Dismantling Knowledge Boundaries at NASA – By Hila Lifshitz-Assaf
In “Dismantling Knowledge Boundaries at NASA: The Critical Role of Professional Identity in Open Innovation,” an in-depth, three-year study at the U.S. National Aeronautics and Space Administration (NASA), NYU Stern Professor Hila Lifshitz-Assaf evaluated a number of experiments for which open-innovation methods produced groundbreaking discoveries, finding that their success simultaneously required a shift in thinking about the role of R&D professionals.
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- Biography: Professor Hila Lifshitz-Assaf
- Department: IOMS
— Multimedia
What Makes an Entrepreneur? - By Deepak Hegde
If entrepreneurs are made, not born, new research from NYU Stern Professor Deepak Hegde shows that one factor that propels them to seek their fortunes is how they’re judged, or misjudged, by potential employers, starting with experiences in their teenage years.
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- Biography: Professor Deepak Hegde
- Department: Management and Organizations
— Research Highlights
Venture Investors Take Note: Solo Founders Outperform Teams – By Jason Greenberg
Two heads may not be better than one when it comes to founding a startup. That’s the conclusion of new research from NYU Stern Professor Jason Greenberg, who studied thousands of ventures to bring some empirical discipline to an inquiry that has relied mostly on intuition.
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- Biography: Professor Jason Greenberg
- Department: Management and Organizations
— Research Highlights
Greece: End of Bailouts and Start of the Path to a New Bankruptcy – By Nicholas Economides
Thursday’s Eurogroup set up the final conditions for the end of the third Greek bailout program in August. Since 2010, Greece has borrowed 275 billion euros from EU countries and the IMF.
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- Biography: Professor Nicholas Economides
- Department: Economics
— Opinion
The Right Way to Handle Airbnb - By Arun Sundararajan
The City Council is considering legislation to further restrict Airbnb in New York City. That’s a bad idea, built on shoddy data. Critics argue that Airbnb hosting takes housing off the market and raises rents. There is no convincing or concrete evidence that Airbnb does either. In contrast, our own published academic study last fall, which used real and credible data, suggests that if someone tries to make a business out of taking a home off the long-term rental market and running it as a full-time Airbnb, it is virtually impossible to turn a profit.
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- Biography: Professor Arun Sundararajan
- Department: IOMS
— Opinion
Signaling Emotion and Reason in Cooperation - By Alixandra Barasch

According to new research by NYU Stern Professor Alixandra Barasch, when people decide whether to cooperate, they rely on cues that they pick up from others, and are especially sensitive to signals that potential partners and collaborators make their decisions in an intuitive versus calculated way.

In "Signaling Emotion and Reason in Cooperation," Professor Barasch and her co-authors - Jonathan Berman of London Business School, Emma Levine of University of Chicago, David Rand of Yale, and Deborah Small of University of Pennsylvania - investigated, through a series of experiments using two-player prisoner dilemma games, how emotion and reason play into decisions to cooperate.
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— Research Highlights
The Italian Economy’s Moment of Truth - By A. Michael Spence
Unlike many other European countries, Italy still has not restored economic growth to its pre-crisis level – a fundamental failing that lies at the heart of many of its political problems. Now that a new anti-establishment government is taking power, it remains to be seen if the economy will be remade, or broken further.
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- Biography: Professor A. Michael Spence
- Department: Economics
— Opinion
Take-Up, Drop-Out, and Spending in ACA Marketplaces - By Michael Dickstein
According to a new joint study by NYU Stern Professor Michael Dickstein, the health insurance marketplaces created by the Affordable Care Act (ACA) have a greater potential to unravel when enrollees strategically drop in and out of coverage. In “Take-Up, Drop-Out, and Spending in ACA Marketplaces,” released this month as a working paper by the National Bureau of Economic Research and co-authored by Stanford’s Rebecca Diamond, Timothy McQuade, and Petra Persson, the researchers examine the causes and consequences that result when consumers drop out of ACA health care plans.
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- Biography: Michael Dickstein
- Department: Economics
— Research Highlights
Open Innovation Model Furthers Innovation at NASA - By Hila Lifshitz-Assaf
NYU Stern Professor NYU Stern Professor Hila Lifshitz-Assaf’s research paper “Dismantling Knowledge Boundaries at NASA: The Critical Role of Professional Identity in Open Innovation,” provides an in-depth analysis of a three-year crowdsourced innovation initiative at U.S. National Aeronautics and Space Administration (NASA).
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- Biography: Professor Hila Lifshitz-Assaf
- Department: Information, Operations and Management Sciences
— Research Highlights
A Study of NASA Scientists Shows How to Overcome Barriers to Open Innovation - By Hila Lifshitz-Assaf
Open innovation processes promise to enhance creative output, yet we have heard little about successful launches of new technologies, products, or services arising from these approaches. Certainly, crowdsourcing platforms (among other open innovation methods) have yielded striking solutions to hard scientific and technological problems.
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- Biography: Professor Hila Lifshitz-Assaf
- Department: Department of Information, Operations and Management Sciences
— Opinion
Fossil-Fuel Divestment Is Futile - By Paul H. Tice
The fossil-fuel divestment campaign has made its way from the campus quad to Wall Street. Watch for disruptions at Wednesday’s annual meeting of Exxon Mobil shareholders.
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- Biography: Executive in Residence Paul Tice
— Opinion
Effects of Copyrights on Science - By Petra Moser
With digitisation, the costs of distributing new research, textbooks, and other types of knowledge has become negligible. In principle, people across the world could now have access to a new research paper within minutes of its publication. Yet copyrights, which grant publishers exclusive rights to content for nearly 100 years, create enormous access costs. These costs are high enough to prevent people outside of universities and wealthy institutions from accessing new research.
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- Biography: Professor Petra Moser
- Department: Economics
— Opinion
What Blockchain Could Mean for Marketing - By Anindya Ghose
Companies are collecting more data than ever before, and are making significant business decisions based on it. Of the 4 Vs of Big Data (Volume, Velocity, Variety, and Veracity), we have now seen ample evidence of the impact and importance of the first three.
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- Biography: Professor Anindya Ghose
- Department: IOMS
— Opinion
Walmart Opens a New Front in Global Battle Against Amazon - By Aswath Damodaran
Walmart’s acquisition of a controlling stake in Flipkart has raised several questions on the future of India’s largest online retailer. To answer these questions, let’s start with the bare basics on Flipkart. For fiscal year 2016-17, Flipkart reported a 29% increase in revenue to Rs 19,854 crore, but the report had two red flags.
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- Biography: Professor Aswath Damodaran
- Department: Finance
— Opinion
How the intention to share photos can undermine enjoyment - By Alixandra Barasch
Though people both take and share more photos than ever before, we know very little about how different reasons for taking photos impact people’s actual experiences. For instance, when touring a city, some people take photos to share with others (e.g., to post on Facebook), while others take photos for themselves (e.g., to remember an experience later on). Will those who take photos to share enjoy the experience more or less than those who take photos for themselves? How do people’s goals for taking photos impact their enjoyment of photographed experiences?
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- Biography: Alixandra Barasch
- Department: Marketing
— Opinion
India’s AI Strategy Should Be to Create a Data Infrastructure - By Vasant Dhar
Hardly a week passes without yet another story about the Artificial Intelligence race between China and the US. China has allocated massive funding to AI to enable new capabilities in transportation, surveillance and weapons.
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- Biography: Professor Vasant Dhar
- Department: IOMS
— Opinion
Proactive Customer Service Helps Ride-Share Startup Gain an Edge in a Brutal Market - By Maxime Cohen
New research by NYU Stern Professor Maxime Cohen finds that a proactive data-driven customer service strategy can help companies gain an advantage in the fiercely competitive sharing economy.
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- Biography: Professor Maxime Cohen
- Department: IOMS
— Research Highlights
The Top 4 Reasons Most Acquisitions Fail - By Melissa Schilling
Dozens of studies have shown that most mergers and acquisitions fail to create value, and many of them destroy value. In fact, finance guru Aswath Damodaran has noted, "More value is destroyed by acquisitions than any other single action taken by companies.
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- Biography: Professor Melissa Schilling
- Department: Management and Organizations
— Opinion
An Empirical Study of Craigslist's Impact on Prostitution Trends - By Anindya Ghose
New research from NYU Stern Professor Anindya Ghose and co-authors, Jason Chan and Probal Mojumder of University of Minnesota Carlson School of Management, demonstrates as Craigslist expanded across the United States, the free classifieds website also bolstered the sex industry.
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- Biography: Professor Anindya Ghose
- Department: IOMS
— Research Highlights
The New Global Road Map - By Pankaj Ghemawat
In The New Global Road Map, Pankaj Ghemawat separates fact from fiction by giving readers a better understanding of the key trends affecting global business. He also explains how globalization levels around the world are changing, and where they are likely to go in the future.
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- Biography: Professor Pankaj Ghemawat
  Department: Center for the Globalization of Education and Management
— Books
Impediments to Effective Altruism - By Alixandra Barasch

When choosing which charities to donate to, individuals will prioritize personal preferences, even when presented with more effective donation alternatives, according to new joint research from Professor Alixandra Barasch.
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— Research Highlights
Senior Leaders Fail to Connect Useful Workers Together - By Gavin Kilduff
New research from NYU Stern Professor Gavin Kilduff, Blaine Landis, Martin Kilduff and Jochen Menges finds that powerful bosses can be “blind” to gaps in workplace connections between employees.
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- Biography: Professor Gavin Kilduff
- Department: Management and Organizations
— Research Highlights
Where Does the ECB Go From Here? - By Mervyn King
I once congratulated Mario Draghi on his performance as president of the European Central Bank, telling him he had made only one mistake. “What’s that?” came the instant question. “Taking the job,” I replied.

My point was that by the time Draghi was appointed, the ECB could no longer hope to be a conventional central bank, if indeed it ever had been. Instead it had to serve as a highly political organization, compelled to stand in for the absent finance ministry of an incomplete political union. That’s an assignment no unelected central banker should relish.
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- Biography: Lord Mervyn King
- Department: Economics
— Opinion
We Need a Plan to Stop Polluting Space Before It’s Too Late - By Amy Webb
There is a lot of junk floating out in space, and it’s a problem we’ve been talking about, in fits and spurts, since the 1960s.

Space junk was the topic of my middle school futurists' society challenge. That year, three friends and I mapped the probable timeline and implications of all the broken bits of dead spacecraft and orbital clutter, writing scenarios about how all that garbage would eventually make it difficult to launch new satellites. Our solution: an enormous net, connected to an Earth-based, rocket-powered launching and landing system.
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- Biography: Amy Webb
- Department: Marketing
— Opinion
Five Years After Rana Plaza - By Stern Center for Business and Human Rights

A new report from the NYU Stern Center for Business and Human Rights, "Five Years After Rana Plaza: The Way Forward," expands on its previous research explaining what has made many garment factories in Bangladesh dangerous and offering steps forward for making them safer.
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— Research Highlights
How China's Xi Jinping is filling the 'global leadership vacuum' left by Trump - By Joseph Foudy
China and the U.S. present a study in contrasts. The U.S. approach to foreign policy at present could best be characterized as shambolic, to put it mildly. In addition to record personnel turnover, the Trump administration appears internally conflicted over whether and how to: leave Syria, tear up the Iran deal, exit NAFTA, confront Russia, disarm North Korea, contain China, and support democracy abroad. At the same time U.S. may or may not be starting several trade wars.
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- Biography: Professor Joseph Foudy
- Department: Economics
— Opinion
Music Licensing Reform Is Singing The Same Old Song - By Lawrence White
As Spotify prepares to go public later this year, the company faces a $1.6 billion lawsuit. The suit alleges that Spotify is streaming such hits as Tom Petty’s “Free Fallin’,” the Doors’ “Light My Fire,” and tens of thousands of other songs without obtaining the necessary licenses and compensating copyright holders. Spotify is not the only target. Apple Music and other streaming services have also been hit with copyright infringement lawsuits.
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- Biography: Professor Lawrence White
- Department: Economics
— Opinion
Why The Trump Tariff Increases Are All Wrong - By Roy Smith & Ingo Walter
It’s hard these days to find anyone concerned with the national interest who hasn’t been raised on the idea that tolerably efficient markets are better than rigged markets. Properly structured, they help ensure that resources are put to best use and the public has access to the best products and services at the best price.
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- Biography: Professors Roy Smith and Ingo Walter
- Department: Finance
— Opinion
Data Portability And Competition Between Technology Platforms - By Robert Seamans
A number of commentators and policymakers have argued recently for regulatory measures to reduce the power of dominant technology platforms in the domain of user data. These regulatory measures—which range from the forced break-up of Google and Facebook to the social graph portability of all user data—have similar goals in mind: reduce the market power of these digital platforms and inject a modicum of competition so as to ultimately benefit end-users.
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- Biography: Professor Robert Seamans
- Department: Management and Organizations
— Opinion
Alexander Hamilton on Finance, Credit, and Debt - By Richard Sylla
While serving as the first Treasury Secretary from 1789 to 1795, Alexander Hamilton engineered a financial revolution. Hamilton established the Treasury debt market, the dollar, and a central bank, while strategically prompting private entrepreneurs to establish securities markets and stock exchanges and encouraging state governments to charter a number of commercial banks and other business corporations. Yet despite a recent surge of interest in Hamilton, U.S. financial modernization has not been fully recognized as one of his greatest achievements.

“Alexander Hamilton on Finance, Credit, and Debt” by Professor Richard Sylla and co-author traces the development of Hamilton's financial thinking, policies, and actions through a selection of his writings. The authors provide commentary that demonstrates the impact Hamilton had on the modern economic system, guiding readers through Hamilton's distinguished career. The book showcases Hamilton’s thoughts on the nation's founding, the need for a strong central government, confronting problems such as a depreciating paper currency and weak public credit, and the architecture of the financial system.
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- Biography: Richard Sylla
- Department: Economics
— Books
The Costs of Home-Sharing Platforms - By John Horton and Apostolos Filippas
Research from NYU Stern Professor John J. Horton and PhD candidate Apostolos Filippas delves into the negative externalities of apartment-sharing: short-term rentals can impose costs on neighboring tenants including noise, disregarding building rules, common resource congestion, and uncertainty.
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- Biography: Professor John Horton
- Department: IOMS
— Research Highlights
Meet Dean Raghu Sundaram
In January 2018, Raghu Sundaram assumed the Deanship after having been Vice Dean of MBA Programs since 2016. He joined Stern’s faculty a little more than two decades ago and is the Edward I. Altman Professor of Credit and Debt Markets and Professor of Finance. We had a chance to sit down with Dean Sundaram to learn a little more about him and why he's so excited to be Dean.
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- Biography: Raghu Sundaram
— Multimedia
Is the Three-Person Independent Audit Committee Requirement Superfluous? - By April Klein
Since 1999, the Securities & Exchange Commission has required corporate boards to maintain no fewer than three members on their audit committees, and no audit committee member must bear any relationship to the company “that may interfere with the exercise of their independence from management and the company.
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- Biography: Professor April Klein
- Department: Accounting
— Research Highlights
American Medical Association’s Role in Medicare Payments - By Michael Dickstein
NYU Stern Professor Michael Dickstein’s research paper, “Industry Input in Policymaking: Evidence from Medicare,” investigates how the composition of the American Medical Association’s Relative Value Scale Update Committee (RUC) influences the prices Medicare pays physicians.
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- Biography: Michael Dickstein
- Department: Economics
— Research Highlights
Data Visualization - By Kristen Sosulski
Data visualization has gained immense popularity over the last five years and is continuing to evolve. Many forces have contributed to the torrent of data graphics that we see all around us.
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- Biography: Professor Kristen Sosulski
- Department: Information, Operations and Management Sciences
— Opinion
Quirky - By Melissa Schilling
Professor Melissa Schilling, one of the world's leading experts on innovation, invites us into the lives of eight people--Albert Einstein, Benjamin Franklin, Elon Musk, Dean Kamen, Nikola Tesla, Marie Curie, Thomas Edison, and Steve Jobs--to identify the traits and experiences that drove them to make spectacular breakthroughs, over and over again.
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- Biography: Professor Melissa Schilling
- Department: Management and Organizations
— Books
Creative Trailblazer - By Richard Sylla
Professor Richard Sylla shares his insights on business leaders throughout history in "Creative Trailblazer," presented by Biography and A&E Network. Subjects include Steve Jobs, Jeff Bezos, Richard Branson, Walt Disney and Andrew Carnegie.
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- Biography: Richard Sylla
- Department: Economics
— Multimedia
Understanding Indian Consumers - By Durairaj Maheswaran
Marketing to India’s diverse and rapidly changing consumers requires constant refreshment of knowledge and skills. To the keen MBA student specializing in marketing as well as its ardent practitioner, Understanding Indian Consumers blends practical insights with theoretical frameworks.
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- Biography: Durairaj Maheswaran
- Department: Marketing
— Books
Quirky - By Melissa Schilling
Melissa Schilling’s penetrating and original analysis of the commonalities of creative genius, QUIRKY: The Remarkable Story of the Traits, Foibles, and Genius of Breakthrough Innovators Who Changed the World, delves deeply into the lives of eight creative geniuses to identify the traits and experiences that led them to become breakthrough innovators.
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- Biography: Professor Melissa Schilling
- Department: Management and Organizations
— Multimedia
Empowering Patients Using Smart Mobile Health Platforms - By Anindya Ghose
New research from NYU Stern Professor Anindya Ghose and co-authors, Beibei Li of Carnegie Mellon University and Xitong Guo of the Harbin Institute of Technology, explores how emerging mobile health (mHealth) technologies can persuade chronic-disease patients to modify their behaviors, better manage their care, and achieve improved health outcomes, including reductions in hospital visits and medical expenses over time.
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- Biography: Professor Anindya Ghose
- Department: IOMS
— Research Highlights
Shift Ahead - By Allen Adamson and Joel Steckel
In a world that's changing faster and more furiously than ever, the ability to shift focus is critical. Why is it that some organizations can continually evolve to meet the times and the marketplace, and others can't? How do some businesses recognize the right moment to shift, and others, ruefully, only after it's too late? Packed with insightful interviews, Shift Ahead by Professors Allen Adamson and Joel Steckel offers a smart, calculated approach to knowing when to change course and how to pull it off.
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- Biography: Professors Allen Adamson and Joel Steckel
- Department: Marketing
— Books
The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google - By Scott Galloway
Amazon, Apple, Facebook and Google are the four most influential companies on the planet. Just about everyone thinks they know how they got there. Just about everyone is wrong. For all that’s been written about The Four over the last two decades, no one has captured their power and staggering success as insightfully as Professor Scott Galloway.
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- Biography: Professor Scott Galloway
- Department: Marketing
— Books
Innovation Equity: Assessing and Managing the Monetary Value of New Products and Services - By Eitan Muller
In Innovation Equity, Professor Eitan Muller and co-authors analyze how a vast array of past innovations performed in the marketplace—from their launch to the moment they became everyday products to the phase where consumers moved on to the “next big thing.”
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- Biography: Eitan Muller
- Department: Marketing
— Books
Valuing Stakeholder Governance - By Sinziana Dorobantu
Professor Sinziana Dorobantu and Kate Odziemkowska examine the value of governance mechanism—community benefits agreements (CBAs) signed by firms and local communities—intended to minimize social conflict that disrupts access to valuable resources.
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- Biography: Professor Sinziana Dorobantu
- Department: Management and Organizations
— Multimedia
Online Labor Blog - By John Horton

In his Online Labor Blog, Professor John Horton shares thoughts on the intersection of labor economics, market design and information technology.
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— Blogs
Can We Avoid Financial Crises in the Future? - By Robert Engle
Throughout Robert Engle's 48-year career he’s developed successful models to measure and predict economic events like financial crises. Though his masterpiece, the ARCH-Model, was developed in the 1980s, it’s still used today as a kind of early financial warning system.
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- Biography: Professor Robert Engle
  Department: Finance
— Multimedia
Tap: Unlocking the Mobile Economy - By Anindya Ghose
Consumers create a data trail by tapping their phones; businesses can tap into this trail to harness the power of the more than three trillion dollar mobile economy. According to Professor Anindya Ghose, this two-way exchange can benefit both customers and businesses. In Tap: Unlocking the Mobile Economy, Professor Ghose welcomes us to the mobile economy of smartphones, smarter companies and value-seeking consumers.
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- Biography: Professor Anindya Ghose
- Department: Marketing & IOMS
— Books
Cliffhangers - By Adam Alter
Professor Adam Alter discusses why cliffhangers are so effective in driving people to consume more content, from his new book, "Irresistible."
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- Biography: Professor A dam Alter
- Department: Mar keting
— Multimedia
Regulating Wall Street: CHOICE Act vs. Dodd-Frank - By NYU Stern & NYU Law Faculty

The NYU Stern School of Business presents a new book, Regulating Wall Street: CHOICE Act vs. Dodd-Frank, authored by more than a dozen faculty members from NYU Stern and the NYU School of Law. With the change in power in Washington D.C., both Congress and the Administration seek to repeal parts of the Dodd-Frank Act of 2010, streamline regulation and reduce compliance costs. In their analysis, the authors address the prominent issues of financial regulation and examine the benefits and drawbacks of the CHOICE Act—the prominent proposal to reform financial regulation—while comparing it to Dodd-Frank.
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— Books
Irresistible: The Rise of Addictive Technology & the Business of Keeping Us Hooked - By Adam Alter
In his latest book, Professor Adam Alter tracks the rise of behavioral addiction, and explains why so many of today's products are irresistible. By reverse engineering behavioral addiction, Professor Alter explains how we can harness addictive products for the good ... and how we can mitigate their most damaging effects on our well-being, and the health and happiness of our children.
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- Biography: Professor Adam Alter
- Department: Marketing
— Books
Dear Rival - You Change My Game! - By Gavin Kilduff
Professor Gavin Kilduff has spent the last 10 years studying the psychological aspects of rivalry. His conclusion is that your biggest rival is also your best friend. Why? They make you better!
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- Biography: Professor Gavin Kilduff
  Department: Management and Organizations
— Multimedia
The Infrastructure Finance Challenge - By NYU Stern Faculty

A faculty team from the NYU Stern School of Business has recently published an eBook, The Infrastructure Finance Challenge, an analysis of the drivers, challenges and actionable choices for the future of infrastructure finance.
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— Books
The Economics, Regulation, and Systemic Risk of Insurance Markets - By Ralph Koijen
Despite the importance of insurance in enabling individual and collective social, economic, and financial activities, discussions about the macro-economic role and risks of insurance markets are surprisingly limited.
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- Biography: Professor Ralph Koijen
- Department: Finance
— Books
The Signals Are Talking: Why Today’s Fringe Is Tomorrow’s Mainstream - By Amy Webb
In The Signals Are Talking, Professor Amy Webb presents a methodology for how to predict future trends in technology and society. This book helps readers hear which signals are talking sense, and which are simply nonsense, so that they might know today what developments—especially those seemingly random ideas at the fringe as they converge and begin to move toward the mainstream—have long-term consequence for tomorrow.
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- Biography: Professor Amy Webb
- Department: Marketing
— Books
Alexander Hamilton: The Illustrated Biography - By Richard Sylla
From soldier to smash hit, Professor Richard Sylla details the life and legacy of Alexander Hamilton in a new biography.
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- Biography: Professor Richard Sylla
- Department: Economics
— Books
The DHL Global Connectedness Index vs Others - By Pankaj Ghemawat
Professor Pankaj Ghemawat discusses the advantages of the DHL Global Connectedness Index vs other index measures of globalization over time.
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- Biography: Professor Pankaj Ghemawat
  Department: Center for the Globalization of Education and Management
— Multimedia
Derivatives - By Rangarajan Sundaram
It has been the authors' experience that the overwhelming majority of students in MBA derivatives courses go on to careers where a deep conceptual, rather than solely mathematical, understanding of products and models is required. The first edition of Derivatives looks to create precisely such a blended approach, one that is formal and rigorous, yet intuitive and accessible.
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- Biography: Dean Rangarajan K. Sundaram
- Department: Finance
— Books
The Laws of Globalization and Business Applications - By Pankaj Ghemawat
The Laws of Globalization and Business Applications, by Professor Pankaj Ghemawat, provides a data-driven discussion of globalization at the world, country, industry and firm levels. It is aimed at academics, students and practitioners in business and public policy.
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- Biography: Professor Pankaj Ghemawat
- Department: Center for the Globalization of Education and Management
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Employment in the Sharing Economy - By Arun Sundararajan & Scott Galloway
Professors Arun Sundararajan and Scott Galloway discuss how the rise of the sharing economy has changed the nature of employment.
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- Biography: Professor Arun Sundararajan & Professor Scott Galloway
- Department: IOMS & Marketing
— Multimedia
"The End of Accounting" Blog - By Baruch Lev

This blog tracks the media appearances and writings of Professor Baruch Lev, most recently the coauthor (with Professor Feng Gu) of The End of Accounting and the Path Forward for Investors and Managers (Wiley, 2016).
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— Blogs
The End of Alchemy: Money, Banking and the Future of the Global Economy - By Lord Mervyn King
In The End of Alchemy: Money, Banking and the Future of the Global Economy, Lord Mervyn King offers his perspective on the history and future of money and banking – the keys to modern finance.
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- Biography: Lord Mervyn King
- Department: Economics
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The End of Accounting – By Baruch Lev
In The End of Accounting and the Path Forward for Investors and Managers, Professor Baruch Lev and co-author Feng Gu show how ubiquitous financial reports have become useless in capital market decisions and lay out an actionable alternative.
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- Biography: Professor Baruch Lev
- Department: Accounting
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The Sharing Economy - By Arun Sundararajan
In The Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism, Professor Arun Sundararajan explains the transition to what he describes as "crowd-based capitalism" -- a new way of organizing economic activity that may supplant the traditional corporate-centered model.
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- Biography: Professor Arun Sundararajan
- Department: Information, Operations and Management Sciences
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Business and Human Rights: From Principles to Practice - By Dorothée Baumann-Pauly
Business and Human Rights: From Principles to Practice is the first comprehensive and interdisciplinary textbook that aims to ignite a much larger conversation about transforming business education to encompass business and human rights. Stern's Center for Business and Human Rights Research Director Dorothee Baumann-Pauly and Visiting Scholar Justine Nolan examine the regulatory framework that grounds the business and human rights debate and highlights the business and legal challenges faced by companies and stakeholders in improving respect for human rights.
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- Department: Center for Business and Human Rights
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A First Course in Optimization Theory - By Rangarajan K. Sundaram
A First Course in Optimization Thoery introduces students to optimization theory and its use in economics and allied disciplines.
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- Biography: Dean Rangarajan K. Sundaram
- Department: Finance
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Global Vision: How Companies Can Overcome the Pitfalls of Globalization - By Rob Salomon
In Global Vision: How Companies Can Overcome the Pitfalls of Globalization, Professor Robert Salomon addresses the business challenges that globalization poses. The book aims to help managers improve their global acumen by developing a better understanding of the cultural, political and economic risks they face as they expand globally.
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- Biography: Professor Robert Salomon
- Department: Management and Organizations
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Finding Creativity: How - By Kim Corfman
Professor Kim Corfman shares tips on how to encourage divergent thinking.
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- Biography: Professor Kim Corfman
- Department: Mar keting
— Multimedia
Essentials of Online Course Design - By Kristen Sosulski
In spite of the proliferation of online learning, creating online courses can still evoke a good deal of frustration, negativity, and wariness in those who need to create them. The second edition of Essentials of Online Course Design takes a fresh, thoughtfully designed, step-by-step approach to online course development.
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- Biography: Professor Kristen Sosulski
- Department: Information, Operations and Management Sciences
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Should You Trust Your Money to a Robot? - By Vasant Dhar & Scott Galloway
Professors Vasant Dhar and Scott Galloway discuss whether humans should entrust their money to machines.
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- Biography: Professors V asant Dhar & Scott Galloway
- Department: I OMS & Marketing
— Multimedia
The Storytelling Imperative - By Naomi Diamant
Professor Naomi Diamant dicusses how storytelling is an impulse for engagement.
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- Biography: Profesor Naomi Diamant
- Department: Management and Organizations
— Multimedia
The Line Between Disrupt and Exploit - By Sonia Marciano
Professor Sonia Marciano reminds us to take a step back to Porter's Five Forces to examine the concepts of industries, competition, and substitutes.
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- Biography: Professor Sonia Marciano
- Department: Management and Organizations
— Multimedia
Blog by Paul Romer

Economist and policy entrepreneur Paul Romer shares his thoughts on topics including macro-economics, mathematical theory and urbanization.
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— Blogs
Cryptocurrency 101 - By David Yermack
Professor David Yermack sheds light on some of the most fundamental questions around digital currency.
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- Biography: Professor David Yermack
- Department: Finance
— Multimedia
The Importance of Names - By Adam Alter & Scott Galloway
People identify with their names more than anything else, which has implications for marketing and charities. Professor Adam Alter says more organizations should use that to their advantage.
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- Biography: Professors Adam Alter and Scott Galloway
- Department: Marketing
— Multimedia
The Future of Regulation - By Arun Sundararajan
Professor Arun Sundararajan implores consumers to think carefully about the implications of regulation moving away from the government, rather than allowing it simply as a byproduct of advances in digital technology.
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- Biography: Professor Arun Sundararajan
- Department: IOMS
— Multimedia
The Effects of Power - By Elizabeth Morrison
Professor Elizabeth Morrison encourages both bosses and employees to examine their own roles and relationships with the awareness that power is a potent force.
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- Biography: Professor Elizabeth Morrison
- Department: Management and Organizations
— Multimedia
Social Media Valuations - By Aswath Damodaran & Scott Galloway
Professor Aswath Damodaran shares his perspective on social media companies with Professor Scott Galloway.
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- Biography: Professors Aswath Damodaran & Scott Galloway
- Department: Finance & Marketing
— Multimedia
Does the Fed Set Interest Rates - By Aswath Damodaran
Does the Fed set interest rates? Prof. Aswath Damodaran sets the record straight.
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- Biography: Professor Aswath Damodaran
- Department: Finance
— Multimedia
How Data Enlighten Our Understanding of Racial Bias - By Dolly Chugh
Professor Dolly Chugh, along with her colleagues Katherine Milkman and Modupe Akinola, explores how race affects casual, informal interactions such as email correspondence.
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- Biography: Professor Dolly Chugh
- Department: Management and Organizations
— Multimedia
The Internet of Things - By Anindya Ghose
Professor Anindya Ghose provides an introduction to the Internet of Things (IoT) and what you need to know about it to prepare for a more connected reality.
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- Biography: Professor Anindya Ghose
- Department: IOMS
— Multimedia
Digital Disruption of the Consulting Industry - By Natalia Levina
Professor Natalia Levina sheds light on the potential disruption of perhaps one of the more unexpected industries: consulting.
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- Biography: Natalia Levina
- Department: IOMS
— Multimedia
Telling a Story With Data - By Kristen Sosulski
Professor Kristen Sosulski talks through the components of telling a story using data, from exploration, to analysis, to communication.
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- Biography: Profesor Kristen Sosulski
- Department: IOMS
— Multimedia
Efficiently Inefficient: How Smart Money Invests and Market Prices Are Determined - By Lasse Pedersen
In Efficiently Inefficient, Professor Lasse Pedersen describes the key trading strategies used by hedge funds and demystifies the secret world of active investing. Professor Pedersen combines the latest research with real-world examples and interviews with top hedge fund managers – including Lee Ainslie, Cliff Asness, Jim Chanos, Ken Griffin, David Harding, John Paulson, Myron Scholes and George Soros – to show how certain trading strategies make money and why they sometimes don't.
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- Biography: Professor Lasse Pedersen
- Department: Finance
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Genealogy of American Finance - By Richard Sylla
In Genealogy of American Finance, Professor Richard Sylla and his co-author, Robert E. Wright of Augustana College, outline the history of the 50 largest banks in the United States.
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- Biography: Professor Richard Sylla
- Department: Economics
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Why You Should Care About Luxury - By Scott Galloway
Professor Scott Galloway explains how luxury crosses time, geography and socioeconomics.
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- Biography: Professor Scott Galloway
- Department: Mar keting
— Multimedia
Cultivating Intellectual Flexibility - By Nouriel Roubini
Professor Nouriel Roubini explains what you need to know in order to prepare for an interdependent, more connected world.
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- Biography: Nouriel Roubini
- Department: Economics
— Multimedia
"European Economic Snapshot" Blog - By Thomas Cooley and UCSB Prof. Peter Rupert

European Economic Snapshot, written by Professor Thomas Cooley and co-authors Peter Rupert, Zachary Bethune and Valerie Bostwick, presents the authors' views on the current European economic environment, based on releases from Eurostat and other organizations. The data is presented in a way that the authors find useful for assessing where we are in the business cycle and tracking the economic recovery of several large European countries.
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— Blogs
"Musings on Markets" Blog - By Aswath Damodaran

In Musings on Markets, Professor Aswath Damodaran explains his company valuations and shares his thoughts on current corporate finance news.

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— Blogs
City as Startup - By Paul Romer
Professor Paul Romer discusses the concept of city as startup, explaining how reform zones can be used as valuable tools in assessing effectiveness of policies for a country.
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- Biography: Paul Romer
- Department: Urbanization Project
— Multimedia
"Money & Banking" Blog - By Kim Schoenholtz & Brandeis Prof. Stephen Cecchetti

Money and Banking, written by Professor Kim Schoenholtz and co-author Stephen Cecchetti of Brandeis International Business School, focuses on current issues in finance and economics. The authors approach the evolution of the financial system with the motto “understand the principles, understand the future.”
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— Blogs
"Banks and Markets" Blog - By Roy Smith & Ingo Walter

Banks and Markets, written by Professors Roy Smith and Ingo Walter, offers seasoned perspectives on money, markets and institutions.

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— Blogs
"NYU Stern Economics" Blog - By The Economics Department

NYU Stern Economics, written by faculty in the Economics Department, offers thoughts about economic and business issues by and for the NYU Stern community and others with similar interests.
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— Blogs
"U.S. Economic Snapshot" Blog - By Thomas Cooley and UCSB Prof. Peter Rupert

US Economic Snapshot, written by Professor Thomas Cooley and co-authors Peter Rupert and Zachary Bethune, presents the latest version of the economic snapshot, based on releases from the BEA, BLS, and other organizations. The data is presented in a way that the authors find useful for assessing where we are in the business cycle and tracking the US economic recovery.
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— Blogs
Disruptive Innovation - By Luke Williams
Professor Luke Williams explains and defines disruptive innovation.
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- Biography: Luke Williams
- Department: W.R. Berkley Innovation Lab
— Multimedia
Modernizing Insurance Regulation - By John Biggs and Matthew Richardson
With insurance premiums constituting a growing portion of the annual US GDP and provisions of the Dodd-Frank Act specifically calling for the modernization of insurance regulations, the insurance industry is facing a number of changes. In Modernizing Insurance Regulation, Professors John Biggs and Matthew Richardson, editors, address these issues against a backdrop of the political and industry discussions that surround insurance, regulation and systemic risk.
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- Biography: Professors John Biggs and Matthew Richardson
- Department: Finance
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Money, Banking, and Financial Markets - By Kim Schoenholtz
In the fourth edition of Money, Banking, and Financial Markets, Professor Kim Schoenholtz and co-author Stephen Cecchetti use five core principles as the basis for understanding concepts to enable students to learn the rationale for financial rules and institutional structure.
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- Biography: Professor Kim Schoenholtz
- Department: Center for Global Economy and Business
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Innovation, Marketing and Brand-Building - by Michelle Greenwald

A regular contributor to Forbes, Professor Greenwald shares her viewpoints on innovation, marketing and brand-building.

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— Blogs
Luxury Marketing & Brand Strategy - By Thomai Serdari

As a luxury retail expert, Prof. Thomai Serdari regularly discusses luxury marketing, designing and brand strategy.
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— Blogs
An Introduction to Real Estate Finance - By Edward Glickman
An Introduction to Real Estate Finance by Professor Edward Glickman, executive director of the Center for Real Estate Finance Research, offers a concise "finance-centric" alternative to traditional real estate finance texts.
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- Biography: Professor Edward Glickman
- Department: Center for Real Estate Finance Research
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The Talent Equation - By Prasanna Tambe
In his new book, Professor Prasanna Tambe explores the potential for big data to transform human resources and investigates some of the most important issues affecting the labor market and workforce management today.
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- Biography: Professor Prasanna Tambe
- Department: IOMS
— Books
Global Asset Management - By Mike Pinedo & Ingo Walter
Global Asset Management: Strategies, Risks, Processes and Technologies, edited by Professors Michael Pinedo and Ingo Walter, focuses on all major aspects of the asset management industry including regulations, strategies, processes, applied technologies and risks.
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- Biography: Professor Mike Pinedo & Professor Ingo Walter
- Department: IOMS & Finance
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Data Science for Business - By Foster Provost
In their new book, Professor Foster Provost and Tom Fawcett present a set of fundamental principles for extracting useful knowledge from data.
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- Biography: Professor Foster Provost
- Department: Information, Operations & Management Sciences
— Books
The Savvy Student's Guide to Online Learning - By Kristen Sosulski
In their new book, Kristen Sosulski, Clinical Assistant Professor of Information, Operations and Management Sciences and Director of Stern’s Center for Innovation in Teaching and Learning, and co-author Ted Bongiovanni introduce the information and skills required of successful online students.
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- Biography: Professor Kristen Sosulski
- Department: Information, Operations and Management Sciences
— Books
Drunk Tank Pink - By Adam Alter
In his new book, Assistant Professor of Marketing Adam Alter explores how our environment shapes what we think, how we feel and the ways in which we behave.
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- Biography: Professor Adam Alter
- Department: Marketing
— Books
TURNAROUND: Third World Lessons for First World Growth - By Peter Blair Henry
Thirty years ago China seemed hopelessly mired in poverty, Mexico had triggered the Third World Debt Crisis, and Brazil suffered under hyperinflation. But in recent decades, these and other developing countries have turned themselves around, while First World nations, battered by economic and fiscal crises, struggle to stay afloat. With the global economy teetering on the brink, America’s prosperity now depends on our ability to learn from these prior foreign struggles—and successes—with economic reform. The stakes are higher than ever and Turnaround: Third World Lessons for First World Growth, by Peter Blair Henry, reveals the three things we need for a more prosperous future.
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- Biography: Dean Peter Blair Henry
- Department: Economics
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Patterns in Social Entrepreneurship Research - By Jill Kickul
In their new book, Jill Kickul, Clinical Professor in the Business & Society Program Area and Director of Stern’s Program in Social Entrepreneurship, and Sophie Bacq of Northeastern University outline the complexities in the field of social entrepreneurship, examining issues at the individual, organizational and institutional levels.
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- Biography: Professor Jill Kickul
- Department: Management and Organizations
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Volcker: The Triumph of Persistence - By William Silber
Noted scholar and finance expert Silber draws on hours of candid personal interviews and complete access to Volcker's personal papers to render dramatic behind-the-scenes accounts from Volcker's career at the Treasury Department and the Federal Reserve.
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- Biography: Professor William Silber
- Department: Finance
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The Cost Disease: Why Computers Get Cheaper and Health Care Doesn't – By William Baumol
In his new book, William J. Baumol, Harold Price Professor of Entrepreneurship and academic director of NYU Stern’s Berkley Center for Entrepreneurship and Innovation, identifies the "cost disease" as a major source of rapidly rising costs in service sectors of the economy. Once we understand that disease, he explains, effective responses become apparent.
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- Biography: Professor William Baumol
- Department: Economics
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SABOTAGE: How the Republican Party Crippled America's Economic Recovery - By Daniel Altman
In his new e-book, Professor Daniel Altman asserts that the Republican Party sabotaged America's recovery in the aftermath of its worst downturn in decades.
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- Biography: Professor Daniel Altman
- Department: Economics
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Regulating Wall Street - By NYU Stern Faculty
Forty NYU Stern faculty, including editors Viral V. Acharya, Thomas F. Cooley, Matthew P. Richardson, and Ingo Walter, provide a definitive analysis of The Dodd-Frank Act, in a new book.
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- Biography: Professor Viral Acharya, Professor Thomas Cooley, Professor Matthew Richardson, Professor Ingo Walter
- Department: Economics, Finance
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Guaranteed to Fail - By NYU Stern Faculty
NYU Stern economists Viral Acharya, Matthew Richardson, Stijn Van Nieuwerburgh, and Lawrence J. White provides a rational analysis of how Fannie and Freddie collapsed and why housing finance in general is broken in their new book.
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- Biography: Professor Viral Acharya, Professor Matthew Richardson, Professor Stijn Van Nieuwerburgh, Professor Lawrence White
- Department: Economics, Finance
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Restoring Financial Stability - By NYU Stern Faculty
Introducing an independent view of the financial crisis, this book features executive summaries of 18 targeted and definitive White Papers authored by 33 NYU Stern academics that offer financial policy alternatives—and specific courses of action—to restore the global financial system.
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- Department: Economics, Finance
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The Righteous Mind - By Jonathan Haidt
In "The Righteous Mind: Why Good People Are Divided by Politics and Religion" (Pantheon, March 13, 2012), Professor Jonathan Haidt walks through the world of morality and politics. He explores why our political leaders cannot seem to work together and points the way forward to mutual understanding.
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- Biography: Professor Jonathan Haidt
- Department: Business and Society Program Area
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Disrupt: Think the Unthinkable to Spark Transformation in Your Business — By Luke Williams
In a business world of nonstop change, there's only one way to win the game: Transform it entirely. This requires a revolution in thinking – a steady stream of disruptive strategies and unexpected solutions. In Disrupt, Luke Williams, executive director of NYU Stern’s Berkley Center for Entrepreneurship and Innovation and clinical associate professor of marketing and innovation, shows exactly how to generate those strategies and deliver those solutions.
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- Biography: Professor Luke Williams
- Department: Berkley Center for Entrepreneurship & Innovation
— Books