Stern Business Fall / Winter 2007

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P rospectus Robinson Garners Aspen Institute's Faculty Pioneer and Rising Star Award Jeffrey Robinson, assistant professor of management at NYU Stern, in September was awarded an Aspen Institute 2007 Faculty Pioneer Award in the category of Academic Impact and was selected as the sole "Rising Star." The annual awards celebrate MBA faculty who have demonstrated leadership and risk-taking in integrating social and environmental issues Jeffrey Robinson into academic research, educational programs, and business practice. Robinson was cited, in part, for his work analyzing the role of entrepreneurship in the rebuilding of New Orleans. In recent trips, he has documented the return of inner city businesses to the Lower Ninth Ward, the establishment of a statewide business grant program, and the activities of social entrepreneurs who are engaged in rebuilding and restoring communities. He has worked closely with Louisiana Lieutenant Governor Mitch Landrieu, who created the state’s Office of

Stern Welcomes New Faculty for 2007-2008 Six new faculty are joining NYU Stern this fall. “We are excited to welcome these faculty members to the Stern community,” said Lee Sproull, vice dean of faculty. Michael Katz has joined the management department as the Harvey Golub Professor of Business Leadership and a professor of management from the University of California at Berkeley Haas School, where he spent two decades and held the Sarin Chair in Strategy and Leadership. His research interests center around antitrust and regulatory policy as well as networks and network effects – areas in which he has also had practical experience. Katz held the post of deputy assistant attorney general for economic analysis in the US Department of Justice Antitrust Division under President George W. Bush and was chief economist of the Federal Communications Commission in the Clinton administration. At Stern, he will teach courses in competitive and corporate strategy. The finance department welcomed two new professors: Xavier Gabaix, associate professor, and Yuliy Sannikov, assistant professor and Charles Schaefer Family Fellow. Having earned his PhD in economics from Harvard University, Gabaix came to Stern from MIT, where he was an associate professor of economics. His research interests include asset pricing, executive pay, and the causes of seemingly irrational behavior. Gabaix is also a fellow of the National Bureau of Economic Research. Sannikov, who has a PhD in business administration from Stanford University, participated in the Review of Economic Studies tour as one of the top six PhD graduates in the US in 2004, and was an invited panel speaker for his work on repeated games at the Econometric Society summer meetings in 2006. His research focuses on the theory of dynamic incentives and its applications to corporate finance, macroeconomics, and industrial organizations. 20 Sternbusiness

Social Entrepreneurship in fall 2006. In June, Robinson presented a paper, “Entrepreneurial Approaches for Non-Profit Organizations,” at the Lieutenant Governor's Social Entrepreneurship Workshop in New Orleans. In earlier research projects, Robinson has focused on social venturing and community economic development. His “Early Stage Social Entrepreneurship Research Project,” a path-breaking qualitative research of 80 social entrepreneurs, was one of five to receive a grant from NYU Stern's Stewart Satter Social Entrepreneurship Fund in the 2004-2005 academic year. Robinson is also co-principal investigator for a project entitled “African-American Women Entrepreneurship (AAWE) Research Project,” which is funded by the Ewing Marion Kauffman Foundation and studies the patterns of entrepreneurship of African-American women who lead ventures with revenues of $1 million or more. Robinson's course, Foundations of Entrepreneurship – Social Entrepreneurship Section, offers a framework for understanding the entrepreneurial process and exposes Stern MBA students and students in NYU's Wagner School to issues faced by entrepreneurs who start new social ventures. He recently completed his second co-edited conference volume on social entrepreneurship, International Perspectives on Social Entrepreneurship, which will be published in 2008, and is a direct result of the 2nd International Social Entrepreneurship Research Conference that he hosted at NYU Stern in April 2006.

Vishal Singh has joined the marketing department as associate professor and will teach marketing research to undergraduate and MBA students. Prior to joining Stern, Singh was assistant professor of marketing at Carnegie Mellon's Tepper School of Business, where he won the Bachelor of Science in Business Administration Teaching Award for outstanding teaching. He was also awarded the Carnegie Bosch Chair (2006), Faculty Giving Chair (2005), and the Xerox Junior Chair (2003) there. Singh's research focuses on retail competition, competitive pricing, store brands, database marketing, and empirical industrial organization. He earned his PhD in marketing from Northwestern University's Kellogg School of Management. Mary Brooke Billings comes to Stern from PricewaterhouseCoopers. As an assistant professor of accounting, her research interests include securities litigation and insider trading, the degree and nature of investors' sophistication, and voluntary disclosure and information asymmetries. Her current work considers the conflicting disclosure and trading incentives faced by managers who become aware of negative earnings news. Joshua Reed, who is joining the information, operations, and management sciences department as an assistant professor, primarily studies the performance analysis and optimal control of stochastic networks arising in manufacturing and service systems. In particular, he is interested in applications related to telephone call centers. Reed earned his PhD in operations research from the Georgia Institute of Technology. In addition to these tenured and tenure-track professors, seven clinical professors have joined Stern. They are Anthony Marciano (finance); Sonia Marciano (management); Gerald Rosenfeld (business and law); Anne Laure Sellier (marketing); Susan Stehlik and Jeffrey Younger (management communications); and Tunku Varadarejan (business).


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