Experience Stern | News & Events

In a new study, Professor Claudine Gartenberg of the NYU Stern School of Business and Professor Lamar Pierce of the Olin Business School at Washington University in St. Louis find that integrated banks – firms that both originate and then securitize a mortgage – with poor corporate governance are twice as likely to issue loans that will default compared to similar firms with strong governance.

NYU Stern welcomes David Nenke, WW Director of Product and Marketing at Amazon Cloud Drive, Amazon.com, who joins first-year MBAs for a special Block Time discussion on Monday, November 30.

Excerpt from HQ Asia -- "The extent of a country’s globalisation can be quantified, says Ghemawat, using four central pillars or indicators: trade, capital, information and people. The higher a country’s score in each pillar, the greater its integration into the globalised system. He argues that the impact of ‘globaloney’ on how leaders think can be witnessed in the ASEAN region, which is less integrated and interconnected than one might assume."

Excerpt from Chain Store Age -- "Given mobile is the primary access point to online retail, brands must position mobile as a higher priority than desktop. Mobile users’ native experiences fit smaller screens, therefore graphics and navigation tools become more important. Mobile experience also requires frequent refreshing, since online customers have come to expect novelty and change."

Excerpt from China Business News -- "...Robert Engle believes that there are presently ideal economic conditions for ‘mixed operations’ in China. Though there hasn’t been an expansion of development, the right time has come. Engle ... imparts that the biggest challenge for 2016 is the threat of economic slowdown and that China should avoid systematic financial risks."

Excerpt from Forbes -- "The bottom line is that this looks like a bad deal for the wrong company, at the wrong time and at the wrong price -- the wrong company because Allergan’s accounting statements are a mine field due to acquisition accounting, the wrong time because we may actually be on the verge of a major change in US corporate tax code and at the wrong price because of the premium on an already large market capitalization."

Excerpt from Gizmodo -- "The original Dunning-Kruger effect ... showed up when participants were asked to rate their performance after a task had been completed. It relies on the fact that the lack of knowledge exhibited by those scoring in the bottom percentile would render them ill-equipped to accurately evaluate their own performance."

Excerpt from The Wall Street Journal -- "For most global industries, the shared responsibility model would be a bold step forward. In Bangladesh, it should start locally with the government and local manufacturers convening all the main stakeholders to develop a common plan of action."

Excerpt from Project Syndicate -- "If the global economy remains on its current trajectory, a period of intense volatility could destabilize a number of emerging economies, while undermining development efforts worldwide. That’s why policymakers must act now."

Excerpt from WIRED -- "'I think it’s based on associations rather than physiology,' says NYU psychologist Adam Alter, who wrote a book, Drunk Tank Pink, that examines this phenomenon. 'I’m open to being convinced otherwise, I just haven’t been yet.'"

Excerpt from The Wall Street Journal -- "But Arun Sundararajan, a professor at New York University’s business school, said Lyft’s increase in trips this year showed 'impressive growth,' a sign it could continue to increase its market share despite an uphill battle against Uber. 'Don’t count Lyft out,' he said."

Excerpt from Luxury Daily -- “While we are not used to storytelling around the processes of perfume production, the documentaries capture the attention of the consumer with powerful visuals, pertinent context, and enriching background sounds as to prepare the senses for the olfactory experience that each perfume promises."

Excerpt from Institutional Investor -- "'For any long period of time, private equity has dramatically outperformed public markets,' Schwed says. 'But not in the years after the 2008 financial crisis.'"

On November 20, 2015, at NYU Shanghai’s campus in Pudong, the Volatility Institute at NYU Shanghai (VINS) held its First Annual Conference. The conference was prepared in cooperation with the Economics School at Fudan University as well as Pudong Institute of Finance, and was centered on the theme of “Liberalizations in Emerging Markets.”

Distinguished academics from around the world will convene to share their research in the rapidly evolving field of network economics at the 2015 Fall NET Institute Conference on Network Economics, Electronic Commerce, and Platform Competition, held in partnership with NYU Stern’s Center for Global Economy and Business.

Excerpt from Bloomberg -- "'A low PE ratio can be indicative of cheapness, but it can also be the result of high debt ratios and low or no cash holdings,' Damodaran wrote in a June blog. 'Conversely, a high PE ratio can point to over priced stocks, but it can be caused by high cash balances and low debt ratios.'"

Excerpt from Reuters -- "'There is also the very real concern that some venture capitalists who believe that they are protected from downside risk (even if that belief is misplaced) may be inclined to take reckless risks in investing,' [Damodaran] wrote."

Excerpt from Financial Times -- "'The bottom line is that this looks like a bad deal for the wrong company, at the wrong time and the wrong price,' said Aswath Damodaran, a finance professor at New York University’s Stern School of Business, in a blog post this week."

Excerpt from TIME -- "The economy of Paris is built on its nightlife and cultural offerings. Following the Charlie Hebdo attacks, restaurants and bars saw 68 percent of their reservations cancelled—given the targets this time around, Paris should brace itself for worse. Friday morning’s economic report detailed that the French economy had started growing again on the back of strong consumer confidence—consumer spending had increased 2.6 percent in September compared to the same time last year. That confidence may have taken a big hit."

Excerpt from WalletHub -- "Consumers need to be aware that while these deep discounts are often very good, they are offered to lure customers into the store with the hope that once they are there they will buy more. So, consumers should plan and be disciplined about what they want to buy and where they want to buy it and have done their homework before on who offers the best prices for the items they want to buy. Consumers who go after these deals should have a back up plan made ahead of time of what they will do if they are not one of the lucky ones to get the deal."

Excerpt from The Atlantic -- "'It’s not a very well informed debate,' said Robert Engle, a professor of finance at New York University’s Stern School of Business and a Nobel Laureate in economics. 'Ultimately there are going to be enormous costs involved. The costs to business and society I think are likely to be enormous. Even so far as saying that life as we know it can’t survive, that’s the ultimate risk.'"

Excerpt from ABC News -- "Priya Raghubir, marketing department chair at New York University's Stern School of Business, said the ads made her 'laugh out loud.' 'I was surprised because ... Hallmark’s commercials are annoyingly sweet,' she told ABC News. 'I wouldn’t expect this from Hallmark. The company is making fun of its own stereotype, this picture-perfect world.'"

Excerpt from Newsroom America -- "'This very interesting research demonstrates the prediction of election outcomes at the state and county levels based on an analysis of television viewership across the country,' says Big Data Editor-in-Chief Vasant Dhar, Professor at the Stern School of Business, New York University. 'The results from the predictive model provide useful insights into some of the major drivers that drove 2012 election results. It will be very interesting to see the model applied to the 2016 elections.'"

Excerpt from Bloomberg View -- "Ironically, the solution to Europe’s immigration crisis is of the kind that Europe could not reach during the euro crisis: the issuing of security and mobility bonds (SMBs). These bonds offer the kind of financial engineering, macroeconomic policy and political economy Europe needs to mobilize collective resources and fund its immigration policy while preserving open internal borders."
 

Excerpt from Bloomberg -- "There's no question that French government first and foremost is having a much harder time dealing with this than they did after the Charlie Hebdo attacks in January. That's probably the biggest takeaway. Three months guaranteed of state of emergency, coming into Christmas season. It's going to hurt the economy. It's going to hurt Hollande."