Experience Stern | News & Events

Excerpt from Luxury Daily -- "When Chinese interact with Western retailers, they often complain about translation and shipping issues, miscalculation of prices and fees and inability to pay in RMB. Alipay, a product established in China and designed to respond to the demographic particularities of the Chinese consumer is positioning itself as the only product that can bridge East and West to make online shopping easy and enjoyable. Also, Alipay provides a new opportunity to Western retailers to increase their presence in the Chinese market without having to physically move there."

Excerpt from CCTV -- "Susan Stehlik is a Professor of Management Communication at NYU Stern. She says what is key to a business’s success is diversity of all kinds. 'Just because a business is owned by a woman, doesn’t mean it is going to be successful. When you have diverse teams – and the research shows it, experience shows it – you have better decision making because you’re not just reflecting each other’s opinion, you’re actually challenging it.' She says asking the tough questions in business leads to better solutions in an increasingly global and diverse world."

In a first-of-its-kind study, NYU Stern Professor Deepak Hegde and his co-authors, Michael Carley and Alan Marco of the US Patent and Trademark Office (USPTO), calculate the probability of receiving a US patent and find that approval rates have declined significantly.

Excerpt from The Wall Street Journal -- "The cost of propping up China’s banks in the event of a financial crisis have nearly quadrupled in the past three years to $526.2 billion, the largest of any banking system, according to the latest analysis by the Volatility Laboratory at New York University’s Stern School of Business."

Excerpt from Xinhua -- "In the eyes of Thomas J. Sargent, 2011 Nobel laureate in economics, Kashgar as a post along the Silk Road Economic Belt is no less important now than in ancient times. Sargent has visited many countries along the Silk Road, but it was his first time in northwest China's Xinjiang Uygur Autonomous Region over the weekend, as he attended a two-day international forum on the Silk Road Economic Belt. The forum focused on the development of central Asia."

Excerpt from Forbes -- "Best-case corporate uses of Pinterst include a mix of company generated pins (some of prior blog posts), and curated customer generated content the company screens and chooses. Pinterest provides another way to deliver branded content that target customers will want to read, because it can help them in their jobs and personal lives, and is relevant and interesting."

Excerpt from Bloomberg -- "Will it work? Probably not. And the same reason why we don't buy products or shop online when we're in a bar, why you're not in a commerce orientation when you're on vogue.com... A lot of stores opened on Facebook in 2012 and the majority of them closed in 2013. We're just not in a buying mood when we're looking at our friends' kids' pictures... What it probably is is a trojan horse to get your credit card number. Because once you have someone's credit card number, you're much further down the funnel in terms of things you can offer them and make it very seamless and frictionless for them to buy something."

Excerpt from Forbes -- "Less speculative appraisals suggest a lower number; a fine-mined analysis by Aswath Damodaran, a finance professor who teaches equity valuation at NYU's Stem School of Business, pegged Uber's intrinsic worth at $6 billion."

Excerpt from Business Insider -- "While the Fed (or any central bank) does sometimes make generic (and opaque) statements about overall market valuations, it is unusual for it to be this specific about individual sector valuations. In my view, it not only over stepped its bounds but strayed far from its expertise, which is not valuation."

Excerpt from Business Insider -- "New York University’s Stern School reported an impressive 11.3% drop in average MBA debt to $93,832 from $105,782 in 2012. Stern Dean Peter Henry says a major concern for him is “accessibility” to higher education. One of his top priorities is to raise more money for scholarships for both undergraduate and graduate students. The reason average debt is down at Stern, he says, is increased funding for scholarships and a new program that forgives loans if a graduate pursues a career in the social sector."

Excerpt from Marketplace -- "'For there to be trades, there have to be differences of opinion,' says Lawrence White, a professor of Economics at the NYU Stern School of Business. 'Somebody has to think, "It’s a good time to buy!" and somebody else has to think, "It’s a good time to sell!" When trading volumes are lower, it just means there’s less diversity of opinion, more consensus.'"

Excerpt from The Wall Street Journal -- "In research recently published in Strategic Management Journal, a trio of business-school professors from New York University, Harvard University and the University of Southern California examined the effect that Craigslist had each time it launched in a different local market, from 2003 to 2008. The online-classifieds company is a popular online marketplace for fans looking to buy and resell tickets. They found that after Craigslist launched in a given vicinity, regardless of the market size or geographical location, promoters generally reacted by raising prices along with booking smaller venues or taking other measures to get shows closer to selling out. It is generally more profitable to sell out a venue with fewer seats at higher prices than to sell only a portion of the available tickets at a bigger venue."

Excerpt from Quartz -- “Detroit is a long way from Dhaka, but the American city’s effort to address blight offer lessons for cleaning up the garment sector in Bangladesh. Released in May, the Detroit’s Blight Removal Task Force’s plan (pdf) offers a practical vision for addressing the more than 78,000 dilapidated buildings that are the primary obstacle to the city’s growth and vitality. In the year since the factory collapse in Dhaka, which killed more than 1,100 garment workers, brands and policymakers have focused on improving inspection in a subset of factories producing for the export market. … The next important step for Bangladesh—and the brands and retailers that depend on the country’s apparel sector—is developing a comprehensive plan for relocating, closing, and fixing factories. Here’s where Detroit can help.”

Excerpt from Project Syndicate -- "The global economy is a far more highly interconnected place than it was 40 years ago. The cross-border flows of goods, information, people, and capital that are its lifeblood rely on a threshold level of safety, stability, and predictability. It is this threshold that appears to be under threat. Continued economic progress in the developing world and recovery in the developed countries requires preventing local and regional conflict from delivering large systemic shocks."

Excerpt from Fortune -- "'It is hard to say, based on the results, whether the activist investor is doing anything beneficial for the company or whether the activist investor is just a good stock picker,' says Yakov Amihud, a finance professor at New York University’s Stern School of Business."

Excerpt from TIME -- "'People are seeking out human connection in our day-to-day economic transactions,' says Arun Sundararajan, a business professor at New York University who studies these budding economies. 'There is a noneconomic value that comes from giving your stuff to other people'"

Excerpt from Quartz -- "'It’s a reflection of the fact that Bangladesh is at the beginning of the chain for manufacturing.' said Sarah Labowitz, a research scholar on business and human rights at NYU Stern School of Business, and a co-author of Stern’s report on supply chains and sourcing after Rana Plaza (pdf)."

Excerpt from Fox Business -- "'Consumers seem to prefer many small discounts to a few large ones and their perceptions of average prices do not drive their store choices,' the researchers wrote. 'One reason consumers find these retailers so attractive is that their product prices tend to be cheaper than those of their competitors on the majority of shopping trips.'"

Excerpt from The New York Times -- "Russ Winer, a professor of marketing at the Stern School of Business at New York University, said the campaign was 'an important thing for Ryder to do' for businesspeople who have misperceptions about its current strategy."

Excerpt from Associated Press -- "While companies sell Fair Trade food, clothing and bedding products because they believe in being socially responsible, the goods can also be part of a marketing strategy, says Russell Winer, a marketing professor at New York University's Stern School of Business. Sixty percent of shoppers are willing to pay the higher prices that Fair Trade items tend to have, according to a 2013 study he co-wrote."

Excerpt from Slate -- "A 2008 paper by Xavier Gabaix and Augustin Landier concluded that the entire 'six-fold increase of U.S. CEO pay between 1980 and 2003 can be fully attributed to the six-fold increase in market capitalization of large companies during that period.'"

Excerpt from The Guardian -- "[Michael] Posner, now a professor at New York University, called Tye 'conscientious, diligent and honest. A very dedicated public servant'. Posner declined to give his own perspective on 12333 or Tye's op-ed, but commented: 'I am broadly concerned that there needs to be a broader public debate about the scope of US surveillance, the consequences for privacy, and the way information is both collected and used.'"

In a new study, NYU Stern Professor Vicki Morwitz and her co-authors, Shai Danziger of Tel Aviv University and Liat Hadar of the Interdisciplinary Center Herzliya, find that consumers who try to maximize savings will choose retailers that they believe offer lower prices more often.

Excerpt from E-Commerce Times -- "Since secrecy is such an integral component, it seems a little surprising that Secret would want to add Facebook integration, said Anindya Ghose, professor of IT and marketing at New York University and co-director of the Center for Business Analytics at NYU Stern. ... 'At first glance, it seems counterintuitive to me. The foundation of Secret is based on preserving anonymity. A potential integration with Facebook can jeopardize the comfort feeling that current users have with this app,' Ghose suggested."

Excerpt from Bloomberg -- “'People who are conservative can unload the stock because there’s probably a line around the block of hedge funds and risk arbs that are willing to take the risk,' said Charlie Murphy, a professor of investment banking at New York University’s Stern School of Business. 'There’s a lot of demand out there because it’s a really exciting deal.'”