Experience Stern | News & Events

Excerpt from Forbes -- "Much as I would like to believe that the pricing of Facebook in the IPO was based upon an assessment of the fundamentals, I am a realist. Much of what passes for valuation on Wall Street and corporate boardrooms is not valuation, but pricing."

Excerpt from US News & World Report -- "'The bond market is not imposing discipline on us as borrowers,' says Kim Schoenholtz, professor of management practice at NYU's Stern School of Business. 'Often countries are compelled to [consolidate] when markets charge them a risk premium. For the moment markets are not charging the U.S. a risk premium.'"

Excerpt from International Business Times -- "'The fact that [Facebook has] gone down in price is purely a reflection of the initial offering price and the fact that it was so rich. I mean the company's valued at something like 75 or 100 times earnings and we really have no indication that its going to be able to earn the kind of revenue that would justify that valuation,' said Foudy."

Excerpt from Fox Business -- " ... Joel Hasbrouck, a finance professor at NYU's Stern School of Business, who believes the troubles suffered by Nasdaq were a function of 'wildly divergent beliefs' about Facebook’s valuation. 'That would stress just about any market,' he said"

Building on its strengths in economics, finance and global commerce, New York University Stern School of Business has established the Center for Global Economy and Business to promote faculty research into the global aspects of modern economies and business.

Excerpt from Financial Times -- "Graduates from NYU Stern, most noted as a finance school, also do well in luxury goods and the media industry. Christian Dior, Estée Lauder and Tiffany have all recruited there this year, along with Disney, LinkedIn and Quidsi, the retailing division of Amazon."

"The U.S. is not able to contribute in any way with the new funds established 'European'' and the response to the crisis, starting with the rescue of Greece'' must come from Frankfurt , in the form of a substantial expansion of funding for the firewall, the trench fighting for the common currency (Italian to English translation)."

Excerpt from Xinhua -- "'One of the biggest challenges Facebook has faced is its privacy policies,' Anindya Ghose, professor of New York Stern School of Business, expressed his concern about the social network's future."

Excerpt from ArtInfo.com -- "A good city, according to Romer, is built not on street layouts, transit designs, and housing projects, but on good rules. Rules are what predicate Romer's contentious 'charter city' concept, which instructs countries to graft new cities onto unused land and govern them with imported 'charters.'"

Excerpt from MSNBC -- “A transactions tax will end up punishing Main Street, hurting the economy and reducing U.S. Treasury revenues in the next few years. It will thus exacerbate the effects of the financial crisis.”

Excerpt from Bloomberg Businessweek -- "The New York University Stern School of Business, with its Social Enterprise Association MBA Club, recently established a Loan Assistance Program for full-time, part-time, and EMBA graduates who pursue careers in social enterprise. Unlike most programs of its kind, this one makes more people eligible."

Excerpt from Bloomberg TV -- "Underwriters have never had as much information on a stock before its gone public [as they did with Facebook] ... "

Excerpt from The New York Times Dealbook blog -- "'At $100 billion, everything has to go according to plan,' said Aswath Damodaran, a professor of finance at the New York University Stern School of Business. He thinks the company could be worth about a third less."

Excerpt from CNN -- "The real concern for everyone -- including regulators and taxpayers -- is not the level of pay handed out to executives, nor how profits in a company are divided between employees and shareholders, but rather, the incentives for risk-taking that bank pay apparently continues to create."

The Leonard N. Stern School of Business Graduate Convocation Ceremony took place on Thursday, May 17, 2012 at Radio City Music Hall.

Excerpt from Project Syndicate -- "The Greek euro tragedy is reaching its final act: it is clear that either this year or next, Greece is highly likely to default on its debt and exit the euro zone."

Excerpt from NBC -- "'The ease of seeking sex partners through Craigslist's personal ads,' wrote Jason Chan and Anindya Ghose, 'has brought a culture of sexual openness to the younger generation not seen since the seventies.'"

NYU Stern, with support from its Social Enterprise Association MBA club, announces the establishment of a Loan Assistance Program for full-time, part-time and Executive MBA graduates. The Program seeks to reduce the financial burden of repaying business school loans among graduates who pursue career paths in social enterprise.

Excerpt from Bloomberg -- "Individuals bought about 60 percent of the shares on sale in the IPO, Spain’s third-largest ever. Historically, about 30 percent of shares were sold to retail investors in IPOs, according to Alexander Ljungqvist, a finance professor at New York University’s Stern School of Business."

On Tuesday, May 15, the Center for Real Estate Finance Research, led by Professor Stijn Van Nieuwerburgh, held its inaugural conference.

Excerpt from The Atlantic -- " ... a colleague recently sent me Xavier Gabaix and David Laibson's QJE paper 'Shrouded Attributes, Consumer Myopia, and Information Suppression in Competitive Markets.' The reason the paper is important is that last phrase about 'competitive markets.' It shows how all sorts of stuff we already knew could go on with monopolies can also occur under competition."

Excerpt from Portfolio -- "'If you can identify personal motivations and personal objectives, and you can integrate that into running your own business—that’s great. If you’re motivated by profit and want to start a million-dollar company and sell it off, that’s great too,' said Carr."

Excerpt from Bloomberg Businessweek -- "'The finance industry of 1900 was just as able as the finance industry of 2010 to produce loans, bonds, and stocks, and it was certainly doing it more cheaply,' says Thomas Phillippon. ... the 'finance industry’s share of [gross domestic product] is about 2 percentage points higher than it needs to be, and this would represent an annual misallocation of resources of about $280 billion for the U.S. alone.'"

Excerpt from the Next American City's Forefront -- "'The success or failure of the Urbanization Project doesn’t hinge on the success or failure of the Honduras experiment,' said Henry, who is already looking ahead to the opening of NYU Shanghai in 2013. 'The story in emerging markets is cities.' With twin campuses in both the Middle East and China, perhaps no business school is better positioned to lead the charge than Stern, with Romer in the vanguard chartering new ones. If the REDs are really a tool for imagining an urban future, then the one thing everyone involved wants to see — or fears — are dollar signs."

New research by Professor Tom Meyvis and co-authors suggests consumers are more willing to switch their preference from a low-status brand to an extension of a premium brand that isn’t a natural fit for the product category when marketers add a picture of the product in question or allow consumers to compare brands rather than judge each brand separately.