Experience Stern | News & Events

Excerpt from CNN -- "Her influence led to both sold-out stock and stock market boosts: In a 2010 study, New York University professor David Yermack found that J. Crew's stock increased 25% after Obama wore J.Crew on "The Tonight Show" in October 2008."

Excerpt from Forbes -- "As NYU moral psychology professor Jonathan Haidt and his co-author Greg Lukianoff put it, 'A culture that allows the concept of ‘safety’ to creep so far that it equates emotional discomfort with physical danger is a culture that encourages people to systematically protect one another from the very experiences embedded in everyday life that they need in order to become strong and healthy.'”

Excerpt from Medium -- "The closure of borders hit the U.S. with almost immediate effect and lasted for four decades: a 68% plunge in U.S. patents in the fields where the blocked immigrants worked, including electrochemistry, fluid dynamics, and mathematical analysis, according to a recent paper co-authored by Petra Moser, a professor at New York University. The innovation drought continued through 1965 when the Johnson administration’s Immigration Act reopened the country."

Excerpt from The Economist -- "But any evidence of lasting damage to the brand would be slow to emerge, points out Tom Meyvis, a professor of marketing at the Stern School of Business, at New York University. Market research amid a lockdown is unreliable, as is purchasing behaviour during a global recession."

Excerpt from Pix11 -- "NYU Stern School of Business Professor Russell Winer said the pandemic did not create retail problems, it just exposed already vulnerable companies. 'I view the COVID-19 crisis as an accelerator,' Winer said. 'The brands having trouble before, are going to continue to have trouble.'"

Excerpt from Poets & Quants --  “I knew I wanted to be in New York City long term. I felt it was important to choose a school that was located in or near the city, which would give me access to networking and recruiting opportunities for New York-based roles. After visiting Stern’s campus, I was truly blown away by the kindness and camaraderie demonstrated by the students I spoke with and knew I wanted to be part of a community like Stern’s.” - Rebecca Dewey

“I chose Stern for two main reasons. First, the community. Stern prides itself on “IQ + EQ” and I was drawn to a school that emphasized the human side of business as well as its technical aspects. Secondly, I wanted to stay in the Northeast. Living in NYC before business school, I knew how much the city had to offer in terms of access to companies and events. Stern does a fantastic job of connecting students with the city, and I’ve really enjoyed being able to visit companies in person and get involved in experiential learning projects in the city.” - Allie Kornstein

Excerpt from Fortune -- "The European Union is in trouble. From the start, its countries haven’t been on equal footing. But COVID-19 has shone a stark light on the dissimilarities between its national economies. The crisis has also laid bare that EU members have significantly different views on what obligations they have to one another."

Excerpt from CNBC -- "New York University finance professor and the “dean of valuation” Aswath Damodaran said on CNBC’s “Power Lunch” that the market rebound could pave the way for initial public offerings. Damodaran said that private companies that are positioned to take advantage of changes after the virus passes should be able to access public markets."

Excerpt from S&P Global -- "Policymakers also want to keep the auto industry afloat, but that usually means the major automakers, not the suppliers, said Joseph Foudy, an economics professor at New York University's Stern School of Business."

Excerpt from Seeking Alpha -- "Edward Altman is best known for inventing the Z-Score, but he also did the earliest research into the recovery rates of defaulted debt. His research, and that of the rating agencies, has shown that on average, senior secured bank debt recovers 70 cents on the dollar, senior unsecured bonds recover 40%, and junior unsecured bonds, which rank higher than preferred shares, recover 15%. Crucially, the 15% recovery rate for junior subordinated bonds, is the mean rate."

Excerpt from Retail Dive -- "Furthermore, it's unclear what reopening retail looks like, as many consumers are likely to remain wary of congregating in stores unnecessarily. And, while there may be some pent-up demand for new things, that may not include new clothes, according to Thomai Serdari, a professor of luxury marketing and branding at New York University's Stern School of Business."

Excerpt from Vault -- "One way schools are dealing with the time and financial commitment issue is through 'certificates.' Certificates, like these options from NYU’s Stern School of Business, provide an alternate option to students concerned about the intensity of a two-year program. Certificates allow students to take a handful of courses in an area of study like finance or marketing, as opposed to having to take a full course load over a two-year period."

Excerpt from Bloomberg -- "Long term I'm bullish about the prospects of the sharing economy and the kinds of behavior changes that we're seeing occur because of the shock are probably going to work significantly in favor of the sharing econmy platform in the long run, but they do have a rough few months ahead of them."

Excerpt from Poets & Quants -- "Maher Said is an award-winning researcher and teacher at New York University’s Stern School of Business. A 38-year-old assistant professor of economics, Said won the NYU Stern Distinguished Teaching Award in 2019. 'Professor Said demonstrates an uncanny ability to make a dry, theory-heavy course accessible, fun, and intellectually stimulating,” one nominator said. “He has an absolutely contagious love for economics and game theory that I could not help but to catch through taking his course. He is funny, witty, clever, and always teaches with a smile on his face.'"

Excerpt from The New York Times -- “'The role of influencers is growing exponentially,' said Allen Adamson, a marketing consultant and a professor at New York University, who estimated that a good social influencer could earn $200,000-$300,000 per year. 'When people think of endorsements they think of beer and soft drinks, but that’s changed.'"

Excerpt from Yahoo Finance -- "The working paper, published in the Centre for Economic Policy Research and cowritten with Julian Kozlowski, Senior Economist in the Research Division of the Federal Reserve Bank of St. Louis, and Venky Venkateswaran, Associate Professor of Economics at New York University's Stern School of Business, encourages policymakers not to underestimate the impact of the pandemic on businesses and consumers, and shows how and why economic interventions (such as the $2-trillion CARES Act), will make a marked difference for our economic recovery down the line."

Excerpt from The Washington Post -- “'As long as Elon Musk continues to produce amazing products and add tens of billions of dollars of shareholder value, he will continue to play by a different set of rules than the rest of us,' said Scott Galloway, a professor at the New York University Stern School of Business and a Musk critic. 'Is it the errant missives of an eccentric billionaire? Or is it dangerous? And the answer is yes and that it is.'”

Excerpt from The New York Times -- “'The firms that were the top dogs going into the crisis also happen to have the most resilient business models because they can do everything online,' said Thomas Philippon, a professor of finance at New York University. 'It turns out Amazon was one of the most successful businesses in the U.S., and on top of it, they are the ones who can keep processing orders.'”

Excerpt from Bloomberg -- "We cannot continue with the lockdown as is, but relaxing measures may be trial and errors, says former Bank of England governor and Bloomberg Opinion columnist Mervyn King. Speaking to Daybreak Europe’s Caroline Hepker and Matt Miller, Lord King says the government must suspend the process of businesses going under, whilst state loans may eventually have to be converted into grants for companies."
 

Excerpt from Business Insider -- "The first is what I call my bargain-basement bucket. These are companies that you know will be around after this crisis is done. You're gonna be able to get them at a price you could not have got them three months ago. Travel companies, Expedia, Booking, maybe even a couple of the oil companies, Conoco and ExxonMobil. The second is a much riskier strategy. You're buying stocks that are distressed, potentially could go under, but if they turn around, these could be the companies that pay off tenfold, twentyfold. There, you'd include some of the more troubled airlines, Delta, American, United. There is a chance they will not make it. With a payoff, you get a big upside."

Excerpt from Zeit Online -- "For Menachem Brenner, a financial expert at New York University, that doesn't mean that the market isn't working. On the contrary. 'It's not just about psychology. The enormous uncertainty is real and it triggers volatility.'"

Excerpt from The Wall Street Journal -- "In late 2007, India banned rice exports. Worries about global rice shortages ensued. The U.S. had plenty of rice, but people nonetheless began to hoard, emptying store shelves. An analysis conducted by economists Harrison Hong, Áureo de Paula, Vishal Singh and Christopher Hansman found that prices among reputable retailers were slow to adjust higher, perhaps because the merchants didn’t want to be accused of gouging. Higher-income consumers hoarded more, perhaps because they had greater means, or because they were more attuned to the news on rice shortages."

Excerpt from The Washington Post -- "Moser has also researched the inverse of this phenomenon: restrictive immigration quotas, set in the 1920s, that kept out Eastern and Southern European scientists. Fields these scientists worked in recorded substantially less innovation — primarily because keeping out the foreign-born scientists made native-born ones less innovative."

Excerpt from The Washington Post -- “'There are really two Americas right now,' said Scott Galloway, a marketing professor at the New York University Stern School of Business and author of 'The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google.' 'There is Big Tech and there is everyone else. They can do what very few companies can do, which is play offense in the middle of a pandemic.'”