Experience Stern | News & Events

Excerpt from Haaretz -- "In a recent article Michael Spence, a Nobel Prize-winning economist who studied the issue of competition between states, identified five reasons for slow growth since the 2008 global financial crisis, as follows."

Excerpt from Economic Times -- "'The big benefit (of having one dominant seller) is that it enables them to fund discounts and dictate pricing policies in a very clever way,' said Anindya Ghose, professor of IT and marketing at New York University's Leonard Stern School of Business. 'They (WS Retail and Cloudtail) can suggest the discount amounts to the sellers and in fact compensate the sellers for the actual discounts given, either directly (via debit notes) or indirectly (by waiving listing fees or commissions).'"

Excerpt from Bloomberg -- "Over the past few years, though, activism has gotten easier, and the list of targets has grown. Unlike pension funds and most mutual funds, hedge funds are able, as New York University finance professor David Yermack described it in a 2010 paper, to 'concentrate assets in a few target companies' and 'build large voting positions by using leverage and empty voting strategies such as stock borrowing and equity swaps.'"

Excerpt from Forbes -- "At the end of each semester, I ask my business school students to share what they think are the best new products or services of the year. Given how international, digitally savvy, and current the students are, it’s a great way for us all to learn about standout innovations. Here are 11 of my favorites across a range of industries, and why I believe they’re a win for both consumers and the idea originators."

Excerpt from Napi Gazdaság -- "...as we wish the ECB a happy birthday, we compliment the Frankfurt policymakers on their extraordinary achievements and applaud their willingness to change. We also hope they can recruit member governments to help solve the daunting problems the euro area faces."

Excerpt from Bloomberg -- "Robert Whitelaw, chairman of the finance department at New York University’s Stern School of Business, said a successful fund needs more than an interesting investment thesis. 'What’s a thesis? A thesis is a story,' he said. 'The first thing is you may have the story wrong, and the second thing is, even if you have the story right, a lot of it is about timing.'"

Excerpt from CNBC -- "'The market's not big enough,' said NYU Stern Professor Aswath Damodaran. He specializes in valuations and doesn't see the Watch having a significant impact on the $660 billion company."

Excerpt from Bloomberg -- "In the decade starting 1945, U.S. benchmark yields averaged about 2.46 percent, according to 'A History of Interest Rates' by Sidney Homer and Richard Sylla."

Data Bootcamp, a non-credit course offered every other Friday during the fall semester, developed when a group of MBA students approached Professors David Backus and Glenn Okun, identifying a need to understand code for business applications.

Excerpt from Daily Mail -- "People who are 29, 39, 49 or 59 are more likely to cheat and make life-changing decisions as they approach a milestone birthday, a study published in November revealed... Lead author Adam Alter, from New York University, said: ‘People audit the meaningfulness of their lives as they approach a new decade.'"

Excerpt from Harvard Business Review -- "In an environment of geopolitical creative destruction, you will see much more global volatility in the markets. As a result, the quality of returns on investment and the quality of global growth is actually going down. This means that in order to achieve the same amount of growth as in the past, you will have to take on more risk."

Excerpt from Credit Union Times -- "A disciplined growth mindset applies to all levels of an organization, even transforming nations. In his recent book, 'Turnaround', Peter Blair Henry, Dean of New York University’s Stern School of Business, tells how through discipline, China, Mexico and Brazil, considered third world countries just decades ago, have lifted millions out of poverty."

Excerpt from PolitiFact -- "Only a small number of the derivatives deals could be considered 'incredibly risky,' [Figlewski] told us, noting that because of other Dodd-Frank provisions, derivatives have become considerably less risky. And while it is true that taxpayers bear some risk, given that the government guarantees banks as a whole, the risk to taxpayers 'is much less than (Pocan) wants you to think,' Figlewski said."

Excerpt from The New York Times -- "Arun Sundararajan, a professor at the Stern School of Business at N.Y.U., who researches the digital sharing economy, said social media platforms like Facebook and LinkedIn, and tools that verify one’s real-life identity, now allow us to vouch for a person’s credibility and good intentions. Trust can be cultivated even in high-stakes situations like 'letting a stranger into your bedroom,' he said, or in the case of long-distance ride-sharing programs like carpooling­.com, 'letting a stranger drive you to a strange city.'"

Excerpt from The Washington Post -- "Political parties have always represented classes, regions and industries with diverging interests, which must negotiate to find win-win compromises. But when you look at these trends together, you see that the parties have come to represent not just diverging material interests but different kinds of people with different moral values and ways of living. As these divisions have intensified, Americans have come to hate the other party and its members more and more."

Excerpt from CNBC -- "This optimism should be taken seriously. This run-up is not a bubble, and so investors should not fear another crash. Our research shows that after a rocky first decade, which earned China's stock market a reputation as a casino, stock prices in China predict future profits as well as they do in the U.S. Moreover, this predictive power is highly correlated with China's corporate investment efficiency, suggesting that stock prices are teaching corporate managers important lessons as well."

Excerpt from Pacific Standard -- "For their most recent paper, Tinsley and her team conducted four separate studies... the research appears to have exposed something of a self-fulfilling prophecy, in that women with high gender determinism channel themselves into lower-paying jobs."

Excerpt from Bloomberg -- "I think Coach is a fantastic brand, and it's been counted out and rumors of its death have been greatly exaggerated... Michael Kors and Kate Spade have sucked all the oxygen out of the room because they've done a great job, but look for Coach to come back. I like this acquisition... A lot of great specialty retail brands were built on the back of shoes. Jimmy Choo, Christian Louboutin. Kenneth Cole originally started out as a shoe guy. So they get great domain expertise here. It says it's an accretive acquisition. It sounds like a win."

Excerpt from Forbes -- "Haidt says problems that are 'tame problems' can be solved by experts. These are problems like: How can we prevent Cholera? They are 'definable, understandable and consensual.' Scientists can converge on a solution. But problems that are 'wicked problems' cannot be solved by experts. These are problems like poverty, racism and education. Our approach to these problems is 'shaped by moral and political values,' he says, and that is true even of the experts."

Excerpt from TIME -- "In 2015, political conflict among the world’s great powers is in play more than at any time since the end of the Cold War. U.S. relations with Russia are now fully broken. China’s powerful President Xi Jinping is creating a new economy, and the effects will be felt across East Asia and the rest of the world. Geopolitical uncertainty has Turkey, the Gulf Arab states, Brazil and India hedging their bets."

Excerpt from Business Today -- "It would be a folly to advocate more (or less) globalisation without a clear understanding of how globalised India really is today. We answer that question here based on the results of our DHL Global Connectedness Index 2014, which measures the globalisation levels of 140 countries. It factors in hard data related to trade, capital, information, and people flows."

Excerpt from Economic Times -- "As dean, Menon works with three core principles for the undergraduate college — academic excellence and innovation; glocal (global plus local) perspective, increasing opportunities for students to participate in the academic, cultural and professional communities of NYC; and a vibrant Stern community, working through students, alumni, parents, corporate partners and employers. Under her watch, applications to the undergraduate college have reached an all-time high."

Excerpt from The New York Times -- "Stereotypes flourish in ignorance. Liberal and conservative perceptions of one another can be ignorant and patronizing because they have so little personal experience of one another. Intriguingly, research by the social psychologists Jesse Graham, Brian A. Nozek and Jonathan Haidt has shown that liberals exhibit the least accurate perception of those with opposing political views."

Excerpt from Marketplace -- "'Grocery is the largest consumer category in the world,' [Galloway] says. 'It’s this unique combination of being the biggest consumer category in the world and also the most digitally inept, which all spells opportunity.'"

Excerpt from The New York Times -- "'I do think they’re at a critical moment,' said Thomas F. Cooley, an economics professor at the Stern School of Business at New York University. 'There has got to be some attempt on the part of the E.C.B. to stimulate the economy. They are the only ones capable of doing the heavy lifting.'"