Experience Stern | News & Events

Excerpt from Bloomberg -- "Cecchetti and co-author Kermit Schoenholtz, of New York University’s Stern School of Business, suggest a 'cash reserve account' that would keep people from having to pay for things by sending cash in armored trucks. During the day, funds in the account would be payable just like money in a checking account. But every night they’d be swept into cash held in a vault, sparing the money from the negative interest rate that would apply to money in an ordinary checking account."

Excerpt from Reuters -- "'This will raise concerns about the stability of financial markets,' said Robert Engle, finance professor at New York University's Stern School of Business. 'That this trader could put the markets in a tailspin with actions that are hard to detect is bad news.'"

Excerpt from Fortune -- "Within two to four weeks, Greece will not be able to pay salaries, pensions and loan obligations to the International Monetary Fund and other lenders. The clock is ticking and time is running out. Greece must grasp the only lifeline left and negotiate with creditors now to save itself."

Excerpt from CNBC -- "To figure out which big oil stocks screen as being a default risk, we used the Altman Z-Scores Plus website, founded by a former student of the Z-Score creator, New York University finance professor Edward Altman. Altman is known for his corporate distress prediction models. An Altman Z-Score of below 1.81 is considered a red flag."

Excerpt from TIME -- "The international community favors an Iran deal, and the American public is wary of undertaking military actions that could lead to another Middle East war."

Excerpt from Marketplace -- "They're always difficult cases to make, because, as with the Dodd-Frank law, it's going to turn on intent - putting out a better offer that you don't intend to execute - and in any legal situation, intent is difficult to establish."

Excerpt from Financial Times -- "Although the research was designed to develop an economic model to predict the effect of peer-to-peer lending, it has highlighted clear benefits for society as well. 'It [peer-to-peer lending] has got a democratising effect on access to nice stuff,' says Prof Sundararajan. 'You are democratising access to a higher standard of living.'"

As a part of the Conversations on Urbanization series held by NYU Stern’s Urbanization Project, Paul Romer, Director of the Urbanization Project and Professor of Economics spoke in a public presentation with Sergio Fajardo, Governor of Antioquia and former Mayor of Medellín.

John Sexton, president of New York University, delivered the 2015 Ashok C. Sani Distinguished Scholar-in-Residence Lecture to a packed auditorium of undergraduate students, alumni and guests from the family of alumnus Ashok C. Sani (BS ’74).

Excerpt from Quartz -- "In a new study of a trucking company in the midst of adopting Toyota’s famous lean principles (which emphasize respect, humility, and collective outcomes over individual ones) researchers from NYU and Columbia found that putting up a leaderboard comparing individual performance had vastly different effects, depending on whether or not an individual site had undergone the new cultural training."

Excerpt from HuffPost Live -- "[The potential merger] gets closer to a monopoly, but keep in mind that these companies are in different local areas, so they're not typically competing head-to-head. On the other hand, they all participate in the market of buying movies and video to show and there they will have much more power to squeeze the studios to give them lower prices. So that's a major issue, I think, for the Department of Justice."

Excerpt from TIME -- "Just 110 miles off the coast of Florida, Cuba should be a natural magnet for American travelers. Despite needing to meet special criteria to receive a visa from the State Department—allowable categories include educational and journalistic activities—170,000 Americans visited the country last year. As the restrictions slacken, the sky is literally the limit."

Excerpt from Poets & Quants -- "'Focusing on the questions that you want to ask students, that really helped me become a better teacher,' Hegde says. He also learned how important it was for a professor to listen to students, and focus on what they were taking away from class content, to be sure they had the necessary understanding, and to adjust the content to maximize learning, he says. And finally, Hegde says, it’s important for B-school instructors to avoid teaching the answers to questions and problems. 'Students are both more likely to enjoy learning and to enjoy lessons by discovering it themselves.'"

Excerpt from Forbes -- "Prof. Pankaj Ghemawat, (Redefining Global Strategy, 2007), a leading expert on globalization, outlines three generic strategies to create value..."

Excerpt from China Daily -- "Analysts in academia from across the globe reviewed that market on April 17 at New York University's Stern School of Business. It was sponsored by Stern's Center for Global Economy and Business and the Center for Real Estate Finance Research."

Excerpt from The New Yorker -- "Indeed, a major study by the economists Xavier Gabaix and Augustin Landier, who happen to believe that current compensation levels are economically efficient, found that if the company with the two-hundred-and-fiftieth-most-talented C.E.O. suddenly managed to hire the most talented C.E.O. its value would increase by a mere 0.016 per cent."

Excerpt from The News Journal -- "April Klein, an accounting professor at New York University's Leonard N. Stern School of Business, agreed that Peltz's plans for DuPont has commanded institutional investor's attention. 'Once other investors see a hedge fund has a plan to increase shareholder value, they begin to support that hedge fund,' Klein said. 'It's really that simple.'"

Two teams from NYU Stern were among the 10 finalists in the Morgan Stanley Sustainable Investing Challenge, which seeks to develop institutional-quality investment vehicles that produce positive environmental or social impact in addition to competitive financial returns.

Excerpt from Marketplace -- "In recent years Cadillac has had little to tout besides its high end Escalade SUV. In order to become relevant again, Serdari believes the brand needs to cut back its offerings, and go upmarket to firmly re-establish itself on the high end of luxury, a place BMW, Audi and Mercedes already occupy. 'Then perhaps they can reverse their strategy and start targeting the mass market with less expensive models.'"

Excerpt from Forbes -- "'Google+ is already dead,' said Scott Galloway, Clinical Professor of Marketing, NYU Stern, Founder & CEO of L2, a business intelligence firm, in Munich last month. 'It has a 98% decline in engagement rate, year-over-year.'"

Excerpt from Poets & Quants -- "Alter provides Stern students with valuable insights into one of the most important skills in business: understanding what makes people tick. ... At Stern, Hegde has received extremely high ratings for his teaching in the part-time Langone MBA program. Of particular interest to his students may be Hegde’s research finding that venture capitalists are more likely to put money into startups with executives from the same ethnic background, and that when VCs and entrepreneurs shared the same ethnicity, startups were more successful."

Excerpt from The Chronicle of Higher Education -- "Efforts to increase diversity among the faculty will be stymied if female and minority students aren’t given the same encouragement and support to enter doctoral programs, the researchers note."

Excerpt from Bloomberg -- "I still have the view that, probably, the probability of a Greek exit from the Eurozone is very limited. Of course, both sides are playing hardball... There's not going to be any debt value reduction for the time being. Maybe maturity extension. So I'm still of the view that, step by step, they're going to reach a deal... This saga is going to continue, but short of a Greek exit."

Excerpt from OZY -- "Names induce certain sentiments in the same way. 'What does a name remind us of, and is it appealing — does it glide off the tongue? Those are the biggest drivers in name choice,' says Adam Alter, a marketing professor at NYU’s Stern School of Business who has studied the perception of names."

On April 17, NYU Stern’s Center for Global Economy and Business (CGEB) and Center for Real Estate Finance Research (CREFR) co-hosted the Conference on China's Real Estate Markets. The conference brought together leading experts on China's real estate markets for an in-depth discussion of the origins of the Chinese property boom and a study of its consequences for the Chinese macro-economy, financial institutions and markets, government and the rest of the world.