Experience Stern | News & Events

Excerpt from The Atlantic -- "Solar-panel adoption, for example, is particularly contagious. After controlling for a variety of other potentially important causal factors, one study found contagion’s power in this domain to be substantial: Each new installation in a neighborhood can, over time, lead to several additional ones."

Excerpt from The New York Times -- "But in the last week, the rosy outlook that corporate profits would keep growing has been replaced by panic, said Richard Sylla, professor emeritus at New York University’s Stern School of Business, who has studied stock market shocks through history. 'There was complacency about the growth in stocks, and the virus was the trigger for a sell-off,' he said."

Excerpt from The Atlantic -- "Sylla’s view of all this as a financial historian is pretty zen. 'I wouldn’t pay much attention to the day-to-day reports of the newspapers—‘Here’s a good sign,’ ‘Here’s a bad sign,’ he said. In the short run, the stock market isn’t necessarily a good predictor of how bad the pandemic will get, in part because investors are working off the same scant information as everyone else. 'What I would say history shows you is that a problem like this takes many months and maybe even a couple of years to play itself out,' he said. But, he went on, 'Wall Street’s idea of history is the last 10 minutes.'”

On February 28, 2020, the NYU School of Law, the Stern School of Business and the Wagner Graduate School of Public Service will host the 10th annual Social Innovation Symposium at the NYU Kimmel Center.

Excerpt from The Economist -- "But these schemes do not always have the desired effects. Intellectual-property protections make it more difficult for others to make their own contributions by building on prior work. Barbara Biasi of Yale University and Petra Moser of New York University studied the effects of an American wartime policy that allowed domestic publishers to freely print copies of German-owned science books."

Excerpt from Grad Report -- "We ranked the top 25 schools by median salary one year after college for students who graduated with a Master's Degree in Accounting. New York University tops the list with a starting salary of $74,900."
 

Excerpt from The Daily Reckoning Australia -- "I also spoke to Professor Rosa Abrantes-Metz at the New York University Stern School of Business. She is the leading expert on globe price manipulation. She has actually testified in gold manipulation cases. She wrote a report reaching the same conclusions. It’s not just an opinion, it’s not just a deep, dark conspiracy theory."
 

Excerpt from The Hollywood Reporter -- "'It doesn't need to be true,' added Erdem, 'Many brands are sensitive to this issue. A company like PBS is especially vulnerable to allegations because it is in the public eye.'"

Excerpt from Reuters -- "Investindustrial, which has Nordic funds among key investors including Denmark’s biggest pension provider ATP and Sweden’s AP2, has been working with the NYU Stern School of Business since 2016 to pilot a new system to track the financial benefits of ESG policies known as Return on Sustainability Investment (ROSI)."

Excerpt from AdvisorNews -- "The news correspondents obtained a quote from the research from New York University (NYU), 'We document this novel and intriguing investment market, with a discussion of size, strategies, and performance. We also present new empirical results on pre- and post default experience, leveraging our unique databases on bond and loan prices and our indexes of performance of defaulted bonds and bank loans.'"

Excerpt from Retail Dive -- "The attitude is likely to become more entrenched, according to Thomai Serdari, a professor of luxury marketing and branding at New York University's Stern School of Business. 'Younger consumers have strong opinions about retailers and how committed each one of them is to making fashion a sustainable industry.'"

Excerpt from InvesterPlace -- "In December, Scott Galloway, a marketing professor at New York University’s Stern School of Business posted an interesting proposition. Galloway wrote about the difficulties being experienced by FedEx (NYSE:FDX) and its poor performance as Amazon (NASDAQ:AMZN) increasingly eats its lunch in the e-commerce delivery business."

Excerpt from Lexology -- "'To address these challenges, CEOs are recognizing that they need to incorporate broader principles of sustainability in their everyday business decisions. This is not simply a matter of doing the right thing, it’s smart business.' (Professor Michael Posner, NYU Stern School of Business (2014), see World Economic Forum: Why it pays for businesses to boost sustainability)."

Excerpt from CNN -- “'It’s pretty much concentration and lack of competition. What is most striking is that it was the opposite 20 years ago. So when I came to the US from Europe 20 years ago, I noticed that the US was the land of low prices and free markets, where you had lots of choices and very low prices, be it for flying around, for buying a cell phone, or for getting on the internet. And somehow over the 20 years that I’ve been here, I’ve seen these markets become more and more concentrated, controlled by a few large players, so that today US households have fewer choices, and they pay higher prices.'”

Excerpt from Observer -- “'He comes from the most profitable side of the business where operations matter,' Allen Adamson, co-founder of Metaforce and an adjunct at NYU Stern, told Observer. 'He knows how to run complicated operations. Parks and entertainment is a lot like making a movie in that it’s a detail-oriented process business. It’s intense management and less creative. That’s a skill set that’s critical now that Disney’s so big.'”

Excerpt from The New York Times -- Long-term interest rates are likely to be much lower going into the next downturn than they were going into any recession in the past 75 years,' a set of top economists wrote in a paper prepared for the conference. 'This will clearly limit the potential for old and new monetary policy tools to ease financial conditions and bolster economic outcomes.'”
 

Excerpt from Fox Business -- "Roubini doesn’t think the damage caused by the coronavirus will be enough to tip the U.S. economy into recession, though he said economic growth in the U.S. and Europe may 'surprise on the downside.' He sees U.S. economic growth slowing from 2 percent to 1.7 percent, or a little more."

Excerpt from Bloomberg -- "'Going forward, low global bond yields likely will hamper any attempt to lower safe interest rates using either old or new monetary policy tools,' economists Stephen Cecchetti, Michael Feroli, Anil Kashyap, Catherine Mann and Kermit Schoenholtz wrote in the paper."
 

Excerpt from BusinessBecause -- "Dr. Anindya Ghose, professor of information, operations, and management sciences at NYU Stern, agrees. Bad data is usually at the root of the problem, he believes. 'An algorithm is only as good as the data it’s trained on,' he says. 'To use an old data science adage: garbage in, garbage out.'”

Excerpt from Politico -- "Alison Taylor, Executive Director for ethical system at NYU’s Stern School of Business, kick-started a great conversation on Twitter and LinkedIn about the ethical responsibilities of business. The replies showed a keen sense that large companies are hypocritical on tax and lobbying issues, and that ethical behavior is still seen by some as a choice rather than an imperative."

On Friday, February 21, the Latin American Business Associations (LABA) at NYU Stern and Columbia Business School and the Young Professionals of the Americas will host the Latin American Business Conference.

Excerpt from Forbes -- "I am reading a delightful book by Simon Bowmaker, When the President Calls: Conversations with Economic Policymakers ( MIT Press, 2019). Bowmaker interviewed 35 former top government officials who worked in administrations as far back as Harry Truman and as recently as Donald Trump, most of whom also had strong ties to universities before and/or after government service."

Excerpt from LiveWire -- "Ironically, acquired intangibles can show up on the acquirers’ balance sheet, precisely because a value was placed on the asset by third parties during the (arms’ length) acquisition transaction. These different accounting treatments create a contradiction, as NYU Stern School of Business Professor Baruch Lev and University of Buffalo Professor Feng Gu point out."

Excerpt from Crain's New York -- "'The optimistic story assumes Netflix achieves economies of scale and brings the content monster under control,' Damodaran said. 'But the growth machine is driven by subscribers trained to expect more and more content tailored to their tastes. My worry is that this new content is almost like a drug you have to feed consumers to keep them coming back.'"

Excerpt from The Washington Post -- I used to share their skepticism. But my study of 'behavioral contagion' — social scientists’ term for how ideas and behaviors can spread through populations like infectious diseases — has changed my view. The environmental impact of seemingly insignificant voluntary actions is far greater than most people realize, for two related reasons."