Experience Stern | News & Events

New York University Stern School of Business today announced that Nobel Laureate A. Michael Spence will join the faculty of NYU Stern as Professor of Economics, effective September 1, 2010. Spence is a Senior Fellow at the Hoover Institution and the Philip H. Knight Professor Emeritus of Management in the Graduate School of Business at Stanford University.

“When push comes to shove, both men and women are guilty of using their gender to be successful,” says NYU Stern Professor of Marketing Priya Raghubir.

Deutsche Bank and New York University Stern School of Business today announced a multi-year academic partnership designed to support and expand education and research related to risk management and financial regulation. The Volatility Institute at NYU Stern, directed by Nobel Laureate Robert Engle, will coordinate the program.

“What you ask of someone and how you ask it can have a big impact on performance,” says NYU Stern Marketing Professor Adam Alter. “What you ask of someone and how you ask it can have a big impact on performance”

On February 12, 2010, Stern Nobel Laureate Robert Engle testified before the US Senate Committee on Banking, Housing and Urban Affairs during a hearing on “Equipping Financial Regulators with the Tools Necessary to Monitor Systemic Risk.” Professor Engle shared several key findings from a report that he co-authored for the National Research Council on the regulation of systemic risk.

As part of NYU Stern’s CEO Series, Thomson Reuters CEO Tom Glocer was interviewed in February before NYU Stern students and alumni by Pulitzer-Prize-winning reporter Stephen Adler, senior vice president and editorial director of the Professional division of Thomson Reuters.

NYU Stern Professor Vasant Dhar, an expert in the strategic implications of information technology, warns that the publishing industry will be the next “carcass” if it doesn’t embrace a new business model, and he proposes what this new model should look like.

Analyzing 10 different types of credit behavior, NYU Stern Professor Xavier Gabaix, with colleagues Sumit Agarwal at the Federal Reserve Bank of Chicago, John Driscoll at the Federal Reserve Board and David Laibson at Harvard University, conclude that the least costly financial decisions occur around age 53.

Watch a video about the 18th Annual Stern Women in Business Conference, held on February 5, 2010.

View an audio slideshow of this roundtable hosted by the Vincent C. Ross Institute of Accounting Research.

Edward Altman, Max L. Heine Professor of Finance, presented new research forecasting a 4.27-6.7 percent default rate in 2010 at the first annual private equity conference hosted by NYU Stern Salomon Center and Alvarez & Marsal.

German auto brands dominate the top echelon of the new Auto Digital IQ Ranking, a first-of-its kind measurement of the digital competence of 44 auto brands.

NYU Stern faculty are available to provide commentary on key issues central to the regulatory reform bills now working their way through Congress.

As part of NYU Stern’s Graduate Marketing Association (GMA) Fireside Chat series, Dannon Company’s CEO Gustavo Valle spoke to a select group of 30 MBA students at NYU’s Torch Club on December 7.

Viral Acharya, NYU Stern Professor of Finance, with colleagues Paolo Volpin at London Business School and Marco Pagano at Università di Napoli Federico II, received a 10,000 Euro grant from the BNP Paribas Hedge Fund Centre at HEC Paris for their paper, “Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent."

The presence of organic listings on a search engine positively impacts the click-through rates of paid search advertisements, and vice-versa, according to a new study by NYU Stern Professors Anindya Ghose and Sha Yang. This is the first empirical study to assess the impact of search engine advertising on all three entities involved in the process – consumers, advertisers and search engines – in the presence of both organic listings and paid advertisements.

“Engaging in a discussion on lessons learned from one of the most severe financial crises in history was a key goal of this year’s Association of Investment Management & Research (AIMR) conference,” said MBA student and event coordinator Kelly Henry.

NYU Stern announced today that alumnus John Paulson (BS ’78), founder and chairman of hedge fund Paulson & Co., Inc., has given a gift of $20 million to NYU Stern. John Paulson’s gift will endow two faculty chairs – the Alan Greenspan Chair in Economics and the John A. Paulson Professor of Finance and Alternative Investments – as well as provide significant support for the School’s Concourse Project, a major facilities renovation currently underway, and scholarship aid for undergraduate students.

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.

“With roughly 200 attendees, some 20 speakers and representatives from 12 companies, the 14th Annual Graduate Finance Association (GFA) Conference offered students a unique opportunity to listen to and speak with leading professionals from nearly all corners of finance, including corporate finance, hedge funds, sales and trading, private wealth management and investment banking” said GFA member Mike Tarulli.

“Great strides have been made in the field of social entrepreneurship, but the ability to measure and communicate the impact of a venture's efforts still remains a significant challenge for most organizations,” says NYU Stern Professor Jill Kickul.

NYU Stern Salomon Center, in partnership with Nasdaq OMX, recently hosted an all-day conference discussing the future of derivatives. New research in the area was presented by Stern faculty and faculty from other schools including Columbia Business School and UCLA.

Over 200 world-wide practitioners from the public, nonprofit and for-profit fields, along with leading scholars, convened for the Satter Conference on November 6. Hosted by Stern’s Berkley Center for Entrepreneurship & Innovation, the event followed a two-day academic conference featuring some of the latest research in the areas of social enterprise and measuring an organization’s social impact.

Some 50 academics, practitioners and policy makers gathered for a roundtable discussion, hosted by Stern’s Vincent C. Ross Institute of Accounting, to debate whether or not the Financial Accounting Standards Board (FASB) should be insulated from political pressure.