Experience Stern | News & Events

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.

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.

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.

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.

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.

New York University Stern School of Business Luxury and Retail club, in partnership with LuxuryLab, will co-host the Innovation Forum 2009, a half-day event that includes 15, nine- and 18-minute high velocity presentations from some of the biggest names in luxury goods, media and academia.

In their paper, “The Price of Sin: The Effects of Social Norms on Markets,” NYU Stern Assistant Professor of Finance Marcin Kacperczyk and his co-author, Harrison Hong from Princeton University, examine the performance of stocks from 1926-2006.

On October 20, NYU Stern alumnus John Poindexter (MBA ’71 & PhD ’76), along with 86 veterans of the troop he commanded, was honored with the Presidential Unit Citation by President Obama in recognition for their actions four decades ago in the Republic of Vietnam.

NYU Stern Finance Professor Stephen Brown, with co-authors William Goetzmann from the Yale School of Management, Bing Liang from the University of Massachusetts at Amherst and Christopher Schwarz from the University of California at Irvine, examined 444 hedge fund due diligence reports supplied by a major hedge fund due diligence firm hired on behalf of investors.

On September 30, 2009, NYU Stern Professor Lawrence White testified before the US House of Representatives Committee on Oversight and Government Reform during a hearing to examine the role of credit rating agencies in the recent financial crisis, the dangers they pose to investors and whether the agencies need to be regulated.

On September 25 & 26, NYU Stern’s Vincent C. Ross Institute of Accounting Research hosted the 2009 Journal of Accounting, Auditing and Finance & KPMG Foundation Conference on “Topical Issues in Accounting.”

Apple, BMW, Audi, Sony, Porsche, Louis Vuitton, Ralph Lauren and Tag Heuer are “Geniuses” when it comes to using digital applications to strengthen their brands, according to the new Digital IQ Ranking.

On September 16, 2009, Professor Lawrence White testified before the United States House of Representatives Committee on Financial Services during a hearing on “Proposals to Enhance the Community Reinvestment Act (CRA).” In the hearing, Professor White argued that the CRA is not a good public policy tool, described the act’s shortcomings and outlined a more effective way to achieve the goals of CRA advocates.

Two teams of researchers will report on the first phase of their study on effective approaches to the training of prospective innovative entrepreneurs.

September 15, 2009 marks one year after the collapse of Lehman Brothers, which precipitated the financial crisis that unfolded last fall. NYU Stern finance, economics and accounting faculty, including authors of the book, Restoring Financial Stability: How to Repair a Failed System, are available to provide perspectives on a variety of financial and policy angles on the crisis and where we are today.

Viral Acharya, NYU Stern Professor of Finance, was awarded the Viz Risk Management Prize on Energy Markets, Securities, and Prices, for his paper, “Limits to Arbitrage and Hedging: Evidence from Commodity Markets,” with co-authors Lars Lochstoer from Columbia Business School and Tarun Ramadorai from Oxford University Said Business School.

New York University Stern School of Business will begin accepting Graduate Record Exam (GRE) test scores from candidates applying to its full-time and Langone part-time MBA programs for fall 2010 admission. Applicants will now have the option to submit either Graduate Management Admission Test (GMAT) or GRE scores with their application.

“As the global recession continues, struggling domestic industries are demanding new import restrictions to safeguard their businesses,” says NYU Stern Professor Robert Salomon.

On August 5, 2009, NYU Stern Professor Lawrence White testified before the US Senate Committee on Banking, Housing and Urban Affairs during a hearing on “Examining Proposals to Enhance the Regulation of Credit Rating Agencies.”

New research by NYU Stern Finance Professor Viral Acharya, with Stew Myers of MIT and Raghuram Ragu of Chicago GSB, finds that firms should invest in junior management because they impose an important discipline on top management and are closely tied to a firm’s long-term value.