Press Releases

Stern Campus Greening Initiative Wins $10,000 Grant

The Stern Campus Greening Initiative, led by MBA student Sarah Driansky (above), received a $10,000 grant from The Brita Products Company for their proposal to install 25+ water bottle filing stations in NYU campus buildings. The grant is provided by the College FilterForGood Eco-Challenge www.filterforgood.com/ecochallenge/, which challenges college students to make their campuses more sustainable.
Press Releases

Professor Lawrence White Testifies Before Federal Banking Agencies Hearing

On July 19, Lawrence White, Arthur E. Imperatore Professorship in Entrepreneurial Studies and Deputy Chair of the Economics Department at NYU Stern, testified at the Community Reinvestment Act (CRA) hearing held jointly by the Office of the Comptroller of the Currency, the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Office of Thrift Supervision. Professor White has previously written on the CRA, which was created in 1977 to reduce discriminatory credit practices against low-income neighborhoods.
Press Releases

NYU Stern Professor Creates New Model to Predict Box Office Revenue from Movie Scripts

Statistics show that green-lighting a movie script that fails to produce profits at the box office can lead to financial ruin for studios – close to negative 50% ROI for unsuccessful films. On the upside, box office hits can produce more than 200% ROI.
Press Releases

Microsoft Research Selects NYU Stern Professor Sinan Aral as a 2010 Faculty Fellow

Each year, Microsoft Research appoints seven fellows to its prestigious Faculty Fellowship Program, which seeks nominees who are advancing computing research in novel directions, and who demonstrate the likelihood of becoming thought leaders in the field. Sinan Aral, Assistant Professor of Information, Operations and Management Sciences, was chosen this spring as a Microsoft Faculty Fellow, having competed with nominees from all over the world.
Press Releases

Stern Faculty Available to Provide Analysis, Opinion on Key Aspects of Financial Reform Legislation

NYU Stern faculty are available to provide commentary on the Dodd-Frank Wall Street Reform and Consumer Protection Act up for final vote in the Senate.
Press Releases

Professor of Finance Jeffrey Wurgler Named a 2010 Rising Star in Finance

Nomura Professor of Finance Jeffrey Wurgler received a 2010 Rising Star in Finance Award. The award was presented at a conference at the Rochester Institute of Technology held in June.
Press Releases

NYU Stern Professor Eric Dinallo Testifies Before the Financial Crisis Inquiry Commission

On July 1, NYU Stern Professor and former Insurance Superintendent for New York State Eric Dinallo appeared before the Financial Crisis Inquiry Commission for a hearing on the role of derivatives in the financial crisis, specifically with respect to AIG. Professor Dinallo was Superintendent of the New York State Insurance Department from 2007-09, including the time of AIG’s financial troubles and the US financial crisis.
Press Releases

First-of-its-Kind Study Ranks Digital Competence of Prestige Brands in China

According to a new, first-of-its-kind study released today by NYU Stern, digital competency is the key to success in the world’s fastest growing market, China. The study ranks the digital competence of 100 prestige brands in China, scoring each brand against more than 100 qualitative and quantitative data points, and is assigned a Digital IQ ranking of Genius, Gifted, Average, Challenged, Feeble or Luddite.
Press Releases

NYU Stern Experts Available for Comment on Accounting Standards Debate

As accounting policy makers, including the Financial Accounting Standards Board and the Securities and Exchange Commission, continue to discuss a game-changing shift in the world of financial reporting, NYU Stern experts are available to comment on a variety of issues surrounding the possible convergence of U.S. Generally Accepted Accounting Principles (GAAP) with International Financial Reporting Standards (IFRS).
Press Releases

Profs. Anindya Ghose and Arun Sundararajan Granted Google & WPP Marketing Research Awards

Two NYU Stern information systems professors, Anindya Ghose, assistant professor of information, operations and management sciences, and Arun Sundararajan, associate professor of information, operations and management sciences and NEC Faculty Fellow, were each granted Google & WPP Marketing Research Awards.
Press Releases

Professor Richard Sylla Elected Chairman of the Museum of American Finance

Richard Sylla, Henry Kaufman Professor of the History of Financial Institutions and Markets and Professor of Economics, was unanimously elected chairman of the board of the Museum of American Finance. The Museum, an affiliate of the Smithsonian Institution, is the nation’s only public museum dedicated to finance, entrepreneurship and the open market system.
Research Center Events

Moody’s and NYU Stern Salomon Center hosted the 6th Annual Credit Risk Conference

Professor Edward Altman, a world-renowned expert in the field of corporate bankruptcy, distressed debt and credit risk analysis, started off the event discussing "How the Financial Crisis Has Affected the Credit Markets."
Graduation

2010 Graduate Convocation

The Leonard N. Stern School of Business Graduate Convocation Ceremony took place on Thursday, May 13, 2010 at Radio City Music Hall. Graduate Convocation, which is held in addition to New York University’s Commencement Exercises, honors students who have completed the requirements for advanced degrees from the NYU Stern School. Each student is recognized individually.
Graduation

2010 Undergraduate Baccalaureate Ceremony

The Leonard N. Stern School of Business Undergraduate Baccalaureate Ceremony took place on Thursday, May 13, 2010 at Radio City Music Hall. Baccalaureate, which is held in addition to New York University's Commencement Exercises, honors students who have completed the requirements for bachelors degrees from the NYU Stern School. Each student is recognized individually, and prizes for extracurricular and academic achievements are awarded.
Press Releases

Nobel Laureate Robert Engle Advises Federal Agencies on Regulatory Issues

Nobel Laureate and Professor of Finance Robert Engle was selected to be a member of a Securities and Exchange Commission (SEC) and Commodities Futures Trading Commission (CFTC) joint committee to address emerging regulatory issues. The Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues is responsible for developing recommendations relating to both agencies. The Committee will examine the May 6 stock market fall and the market forces that contributed to the volatility of that trading day.
Press Releases

Finance Professor Viral Acharya Testifies Before the House Financial Services Committee

On May 6, 2010, Viral Acharya, Professor of Finance, testified before the US House Financial Services Committee at a hearing on "The End of Excess (Part One): Reversing Our Addiction to Debt and Leverage."
Press Releases

And the Winner is… $175K Awarded to NYU Teams in Stern's Entrepreneurs Challenge

On April 30, the winners of NYU Stern’s 11th Annual New Venture Competition and 6th Annual Social Venture Competition received more than $175,000 in seed money and in-kind support. After pitching their venture ideas, the three winning teams, each led by NYU students and alumni, were chosen by a panel of investors and business owners in the social enterprise and for-profit sectors.
Research Center Events

Marketing Experts From Stern, Columbia, Wharton, Yale Share Research at 2010 Four School Colloquium

The 2010 Four School Colloquium, hosted by NYU Stern’s Marketing Department, brought together more than 100 of the country’s foremost marketing researchers from Stern, Columbia, Wharton and Yale to share and present their most recent work on April 23.
Press Releases

NYU Stern Launches NYU Stern Systemic Risk Rankings

New York University Stern School of Business is launching the NYU Stern Systemic Risk Rankings, a weekly rating and ordering by level of risk that the largest U.S. financial institutions bring to the financial system. The new rankings use stock quotations and other market data, from 1990 to the present, and provide an early warning that will help regulators identify threats to the overall health of the financial system.
Press Releases

NYU Stern Students Awarded $10K "FilterForGood Eco-Challenge" Grant

New York University’s Stern School of Business’ Stern Campus Greening Initiative (SCGI) received a $10,000.00 grant from The Brita Products Company for their proposal to install 25+ water bottle filing stations in NYU campus buildings. The grant is provided by the College FilterForGood Eco-Challenge www.filterforgood.com/ecochallenge/, which challenges college students to make their campuses more sustainable. The Eco-Challenge is an extension of Brita’s FilterForGood program aimed at reducing bottled water waste.
Press Releases

Professor Sheila Wellington Invited to The White House Forum on Workplace Flexibility

Earlier this month, Sheila Wellington, NYU Stern Professor of Management and Organizations and advocate on behalf of women in business, joined a group of 50 CEOs and government leaders invited by President Obama to discuss the importance of flexible arrangements in today’s workplace.
Business and Policy Leader Events

China Merchants Bank CEO Discusses the Chinese Banking Industry and Its Role Worldwide

At NYU Stern in April, CEO and President of China Merchants Bank Dr. Weihua Ma addressed students, professors and the press about the globalization of the Chinese banking industry and his bank’s vision for success in the global markets.
Research Center Events

Debate Centers around Securities Litigation and Regulatory Enforcement at Ross Roundtable

"Since the financial crisis, the number of class-action lawsuits against financial firms has spiked dramatically and SEC settlements with companies and managers are on the rise," says NYU Stern Professor of Accounting and Finance Baruch Lev.
Press Releases

NYU Stern Finance Professor Edward Altman Develops Z-Metrics Credit Analysis Tool

Z-Score creator and the world’s leading bankruptcy and distressed debt expert NYU Stern Professor Edward I. Altman has co-developed the Z-MetricsTM credit analysis tool to enable investors and lenders to more accurately estimate company credit ratings and default risk probabilities.