Experience Stern | News & Events

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.

Hundreds of NYU Stern and Law students and alumni attended Stern’s CEO Series on October 12 with NYU Law alumnus Barry Salzberg (LLM ’81), Chief Executive Officer of Deloitte LLP, which provides audit, consulting, financial advisory, risk management, and tax services to more than 80 percent of the world's largest companies.

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.”

On September 23, two teams of researchers reported on the first phase of their study on effective approaches to the training of prospective innovative entrepreneurs at NYU Stern. Innovative entrepreneurs develop new products or services using new methods to produce or deliver existing goods and services at a lower cost, whereas replicative entrepreneurs produce or sell goods or services that are already available in the marketplace.

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 Monday, September 21, the NYU Stern Salomon Center for the Study of Financial Institutions held a day-long conference on insurance industry regulation to discuss the industry’s current regulatory environment and, with learnings from the financial crisis, options for regulatory improvement including enacting a federal optional charter.

More than 100 alumni gathered at NYU Stern on September 17 to celebrate the publication of Dr. Henry Kaufman’s (BA ’48 (Heights), PhD ‘58) newest book, “The Road to Financial Reformation: Warnings, Consequences and Reforms,” and to hear his prescient insights into the mistakes that led to the financial crisis and his recommendations to prevent its repetition.

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.

More than 450 students and alumni gathered, standing-room-only, in Schimmel auditorium on September 15 to hear about this year’s Entrepreneurs Challenge, comprising the 11th Annual New Venture Competition and the 6th Annual Social Venture Competition, and sponsored by NYU Stern’s Berkley Center for Entrepreneurship & Innovation.

The Journal of Accounting Auditing and Finance (JAAF), sponsored by NYU Stern’s Vincent C. Ross Institute of Accounting Research, held its 2009 JAAF-Bocconi research symposium this fall, convening selected scholars from around the world in Italy to discuss performance evaluation and executive compensation.

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.

Bringing together scholars and practitioners from around the US and countries as far reaching as Germany, Turkey and New Zealand, the Sixth Annual Marketing Dynamics Conference served as a forum to share and analyze some of the latest research in the field.

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.

The insurance sector, notably the monoline insurers and A.I.G., played a crucial role during the boom of 2004-2007 by guaranteeing a variety of credit risks using both insurance policies and significantly substitutable credit derivatives.

On Thursday, July 30, Dean of Students and Associate Dean of MBA Student Affairs Gary Fraser joined second-year MBA student Debra-Ellen Glickstein, co-founder of the East River Development Alliance (ERDA), and members of the NYU Stern Student Corporation (SCorp) to present a $20,600 check to Bishop Mitchell G. Taylor, CEO of ERDA, and to participants who have benefited from the organization's programs.

As proposals circulate on how to fix the credit rating agency problem, new research from NYU Stern suggests that increased competition and more regulation aren’t the answer. Solutions, say two economics professors, lie with getting credit rating agencies to adjust for the bias that results from ratings shopping.

NYU President John Sexton and Provost David McLaughlin today named Peter Blair Henry – the Konosuke Matsushita Professor of Economics at Stanford University – as dean of NYU’s Leonard N. Stern School of Business. He will assume the deanship effective January 15, 2010. A Rhodes Scholar; the leader of the Obama Transition Team’s review of the International Monetary Fund, World Bank, and other international lending agencies; and an economic advisor to governments from the Caribbean to Africa, Dean-designate Henry’s scholarship focuses on the impact of economic reform on emerging economies.

Cut medical benefits or lower salaries? Lay off workers or go bankrupt? Risk today’s bottom line or tomorrow’s? Dilemmas such as these are often unavoidable, and new research coming out of NYU Stern suggests that if you are choosing between two unsavory alternatives, you are likely to be blamed no matter what choice you make.

As the Obama Administration pushed the energy bill through the House, government organizations and corporations are assessing renewable energy alternatives. Which are the most efficient and improving the fastest?