NYU Stern Welcomes New Faculty A new group of scholars has joined NYU Stern's faculty – seven new professors and two from NYU who are now also affiliated with the Stern School. Three are joining the marketing department; two each in accounting and finance; and one new member is being added to the management and organizations and economics departments. “We are fortunate to attract such an outstanding group of scholars, whose depth and breadth of experience will enhance the intellectual life of the School,” said Lee Sproull, vice dean of faculty. “In turn, they are becoming part of a stimulating academic community in a city that offers tremendous resources for their work.” Justin Kruger, an award-winning teacher and widely published researcher, has joined the marketing department as an associate professor. He teaches the psychology of consumer judgment and decision-making, one area of his research focus, to undergraduate, graduate, and PhD students. Yaacov Trope, professor of psychology at NYU, has joined the Stern School as a professor of marketing psychology. A former Fulbright Fellow, Professor Trope studies the cognitive, motivational, and affective mechanisms that underlie social judgment and decisions. Professor Eitan Muller, who chaired the marketing department at the Recanati Graduate School of Business at Tel Aviv University, has joined Stern's marketing department. A prolific researcher, Professor Muller investigates the managerial issues of new product development and received the 1990 Harold H. Maynard award for his contribution to marketing theory. Daniel Cohen and Christine Petrovits have joined the accounting department as assistant professors. Professor Cohen received his doctoral degree from the Kellogg School of Management at Northwestern University. He teaches financial accounting and statement analysis and studies financial reporting and disclosure, with an interest in the effects of regulation on corporate governance. Professor Petrovits, a former KPMG auditor and PhD graduate of the University of North Carolina, looks at the effects of financial reporting information on capital markets. One of her current projects investigates the initial reporting decisions made by incoming CEOs. The finance department has also added two assistant professors, Enrichetta Ravina and Alexei Tchistyi. A graduate of the Kellogg School, Professor Ravina is currently studying the effect of social interactions and behavioral biases on consumption and borrowing decisions and on stock market investments. Professor Tchistyi, who recently received his doctoral degree from Stanford Graduate School of Business, has research interests in agency theory, security design and performance pricing in debt contracts, and asset pricing and credit ratings. Robert Salomon has joined the management and organizations department after several years on the faculty of the Marshall School of Business at the University of Southern California. Professor Salomon, who earned his MA and PhD degrees from NYU Stern, focuses his research on the management and economics of international expansion. His first book, Learning from Exporting: New Insights, New Perspectives, will be published next year by Edward Elgar Press. Professor Alessandro Lizzeri has been a member of NYU's Graduate School of Arts and Science faculty for five years and now has an affiliated appointment at NYU Stern in the economics department. His research interests are wide-ranging, encompassing industrial organization and political economy. Also new to Stern is NYU Professor William Baumol who has an associated appointment. (See article below). For more information about these new faculty members, or Stern's other faculty and their research, please see the faculty index on Stern's website.

 

 

 

The Berkley Center

On July 1, William J. Baumol was named Academic Director of the Berkley Center for Entrepreneurial Studies and Harold Price Professor of Entrepreneurship and Economics.

Baumol, a professor of economics at New York University, and professor emeritus and senior research economist at Princeton University, is a giant in the study of entrepreneurship. “I’m delighted to have such an accomplished thinker as Will join the Stern faculty,” said NYU Stern Dean Thomas F. Cooley.

A member of the National Academy of Sciences, Professor Baumol is the author of several books – his most recent being Downsizing America (co-authored with Alan S. Blinder of Princeton University and Edward N. Wolff of New York University) – and more than 500 journal articles. Professor Baumol was awarded the 2005 International Antonio Feltrinelli Prize, Italy’s highest cultural and scientific award.

Alexander Ljungqvist, associate professor of finance at NYU Stern, has agreed to serve as the Center’s research director, while Deputy Dean Russell Winer, William Joyce Professor of Marketing, continues in his role as the Center’s acting director.

 

 

First Berkley Term Professor

Fabrizio Perri, associate professor of economics at NYU Stern, has been named the first Berkley Term Professor in Economics and Business.

Funded by William R. Berkley (BS ’66), chairman and CEO of W.R. Berkley Corporation, vice chairman of the NYU Board of Trustees, and chairman of the Stern Board of Overseers, these term professorships are designed to attract and retain the best young scholars from around the world.

A 1992 graduate of Bocconi University in Milan, Italy, Professor Perri received his PhD in economics from the University of Pennsylvania in 1999. His research concentrates on international macroeconomics with a particular focus on risk sharing. Professor Perri has published extensively in journals such as Econometrica and the Journal of Economic Theory. He is a faculty research fellow of the National Bureau of Economic Research, and senior economist in the research department of the Minneapolis Federal Reserve Bank.

The professorship, awarded for a three-year term, began on September 1, 2005.

Faculty and Students Net NET Institute Grants Six of the 23 summer research grants awarded by The NET Institute to fund projects in network industries went to NYU Stern professors, PhD students, and graduate students. The NET (Networks, Electronic Commerce and Telecommunications) Institute is a non-profit institution devoted to research on areas such as wired and wireless networks, electronic commerce, telecommunications, and the Internet. NYU Stern recipients included: Miguel Campo (PhD student) for “The First Deal Might Be the Last: Building Long Term Relationships in the Venture Capital Community.” Anindya Ghose and Arun Sundararajan, assistant professors of information systems, for “Pricing and Product Line Strategies for Software: Evidence from E-Commerce Panel Data.” Anindya Ghose for “Used Good Trade and Adverse Selection: A Cross-Country Comparison of Electronic Secondary Markets.” Arun Sundararajan for “Local Network Effects and Optimal Network Access.” Siva Viswanathan (PhD ‘02) of the Robert H. Smith School of Business, University of Maryland, for “Quality, Uncertainty, and Bidding Behavior in Sponsored Search.” Mingdi Xin (PhD student) and Evangelos Katsamakas (PhD ‘04) of Fordham University, for “An Analysis of Enterprise Adoption of Open Source Software.”

 

 

researchroundup

Leif D. Nelson, NYU Stern assistant professor of marketing, co-authored with Evan L. Morrison, professor of psychology at Stanford University, “The Symptoms of Resource Scarcity: Judgments of Food and Finances Influence Preferences for Potential Partners,” which was published in Psychological Science. The article explores the psychological reasons why men in cultures with scarce resources tend to prefer heavier women, while men in cultures with abundant resources prefer thinner women.

Panagiotis G. Ipeirotis, assistant professor of information systems, co-authored with Alexandros Ntoulas and Junghoo Cho of the University of California at Los Angeles, and Luis Gravano, at Columbia University, a paper entitled, “Modeling and Managing Content Changes in Text Databases,” which won an award for the best paper at the 2005 International Conference of Data Engineering. The article details a study of how 152 real web databases evolved over a period of 52 weeks.

Geeta Menon, chair of the marketing department, and Sucharita Chandran, of Boston University, co-wrote “When a Day Means More than a Year: Effects of Temporal Framing on Judgments of Health Risk” for the Journal of Consumer Research. The article examines how people perceive health risks differently depending on how one frames the timing in which people can get sick – i.e. every year 400,000 Americans die of smoking-related cancers; or every day, 3,000 teenagers start smoking. They conclude that every-day framing makes risks appear more concrete than every-year framing.

shorttakes

Robert Engle, Nobel Laureate and NYU Stern Michael Armellino Professor of Finance, was one of 72 new members elected to the National Academy of Sciences. Engle joins Roy Radner, NYU Stern professor of economics and information systems, and Thomas Sargent, W.R. Berkley Professor, a joint appointment by NYU’s Faculty of Arts and Science and the Stern School of Business, as members.

ITT Professor of Creative Management William Starbuck received the Academy of Management’s Distinguished Scholarly Contributions Award at its annual meeting in Hawaii in August. Professor Starbuck retired in 2005 after 20 years with NYU Stern.

Edward Altman, Max L. Heine Professor of Finance and Salomon Center Director of Research in Fixed Income and Credit Markets, was named one of the “100 Most Influential People in Finance” in the June 2005 issue of Treasury & Risk Management.

Luis Cabral, chair of the economics department, appeared in the CNBC documentary “The eBay Effect – Inside a Worldwide Obsession,” discussing how eBay’s Feedback Forum “created the possibility of trust within, essentially, a very large community of anonymous traders.”