Experience Stern | News & Events

Excerpt from Poets & Quants -- "Being a rising senior at NYU, Goel firmly believes that Stern enabled him to walk into his internship with LinkedIn and make it successful. 'NYU is cool in that it’s not a school that spoon feeds you. But if you want to pursue something, you have all the opportunities and resources you need. This enabled me to tackle things that may have been beyond my scope, which has been very valuable coming into LinkedIn. Here, I can easily take what resources I have and pursue something I’m interested in or use the tools available to me to solve a challenge on my own.'"

Excerpt from Inc. -- "In March, New York University’s Stern School of Business released a study that demonstrates something most people know intuitively: Serial entrepreneurs fare better when they stick to their knitting. Startup founders benefit from the experience gained running a prior business in the same industry, even if that prior business failed. 'Leveraging your industry-specific knowledge from one venture to the next can be incredibly valuable,' says J.P. Eggers, an associate professor at Stern."

Excerpt from Financial Times -- "In a thoughtful article earlier this summer, Stephen Cecchetti and Kermit Schoenholtz argued that a pan-eurozone deposit insurance scheme would be cheaper and more effective than national insurance schemes — much as in the US, the Federal Deposit Insurance Corporation has done a better job than state-run ones. The authors note that the last state-run deposit guarantee schemes in the US failed in 1985."

Excerpt from Accepted.com -- "First, recognize that failure is inevitable. Nobody who's been successful in a career in a corporation or in financial services can say that he or she has been successful without failing. How you react to a failure is going to be much more important than anything else you do in an organization. It will be much more important to anything you do to be a guarantor of your future success. If you react to a failure by getting depressed and by losing your will to go on and be as enthusiastic and as driven as you were prior to the failure, you will have lost the game."

Excerpt from Financial Times -- "Damodaran makes the case that just about everybody can be fooled by the big market phenomenon and that bubble-like situations can thus arise. For example, he takes a situation where a big market exists and a whole load of overconfident VCs are backing a whole load of entrepreneurs who think they can fill said market’s potential."

Excerpt from Delta Sky Magazine -- "'Being at the center of world business here in New York, our educational offerings and students are at the pulse of what's happening now and trending with what's going on in the near future,' [Gallogly] says. 'We've definitely seen a diversification of student interests and have met that with a diversification of our educational offerings.'"

NYU Stern welcomes new faculty for the 2015-2016 academic year.

Excerpt from Portafolio -- "We tell officials in rapidly growing cities that they have to set aside now the public space in the area where the city is likely to expand. To stay ahead of rapid growth, the city needs to look far into the future. We encourage cities today to plan for the expansion that will take place between now and 2050 under a fast growth scenario. If the city is growing rapidly, this can require a plan that could accommodate a 10-fold increase in the city’s built area. The land can continue to be farmed until the expansion comes. If there is less growth and the city does not need all this land for urban expansion, there is virtually no cost to having planned for too much. In contrast, if a city does not plan for enough and it suffers from disorganized informal development, the cost is very high."

Excerpt from TheStreet.com -- "'Board service is becoming more and more demanding,' [Brenner] said. 'As a result, there's more of a tendency to specify limits on the other boards and other committees that directors can be on.'"
 

Excerpt from Vox -- "The interesting question is: What does it take to have a stable currency area? In my view, the traditional approach missed the most important piece –the banking union. Forget labour mobility, a common language, or even a federal budget.(1) A banking union is the one piece of financial architecture that should have been built before the crisis."

Excerpt from Foreign Policy -- "But as the episode unfolds, you realize some things about the use of debt-fueled stimulus for the economy... It produces short-term gains by making investment and output seem stable but carries the long-term risk of a protracted slowdown... It seems each country needs its own crisis to learn the hard lesson. It must be that the underlying political imperative to generate short-term growth at all costs is too strong, and political time horizons are far too short."

Excerpt from Politico -- "'The right path forward would be to just recognize that there is a different kind of company-worker relationship that’s being created here,' Arun Sundararajan, a business professor at NYU who focuses on the sharing economy, told me a few months ago. 'That it’s somewhere in between from being an arm’s length independent contractor and being a full-time employee.'"
 

Excerpt from Marketplace -- "Arun Sundararajan, a professor at New York University's Stern School of Business and an expert on the digital sharing economy, says the way to protect employees isn’t by making everyone a traditional employee. 'Instead we should sort of translate ... the rights that full-time employees have to a broader spectrum of the economy,' he says."

Excerpt from TheStreet.com -- "If you want to make more money from trades linked to corporate earnings, then head for the Twitter-sphere. It could give you a better result than Wall Street's best, according to new research. The findings come from a recent study by scholars at New York University, Arizona State University and the University of Toronto. The paper, titled  'Can Twitter Help Predict Firm-Level Earnings and Stock Returns?' finds that the wisdom of the Twitter crowd can be a pathway to trading riches."

Excerpt from Los Angeles Times -- "'If brand-name manufacturers do not get their investment worth, guess what — no new drugs,' said Rosa Abrantes-Metz, an adjunct associate professor at New York University's Leonard N. Stern School of Business. 'And then who loses? All of us.'"

Excerpt from Reuters -- "This is a fundamental shift in how companies and entrepreneurs operate. This is going to affect the venture capital industry. It already is affecting [it], in some ways. It's going to affect how people who want to raise money think about raising money. This is a very powerful means of potential investors and entrepreneurs coming together, bypassing... the angel investors, the venture capitalists."

Excerpt from Project Syndicate -- "An assessment of sovereign risk that is systematic and data-driven could help to spot the risks that changing global headwinds imply. To that extent, it provides exactly what the world needs now: an approach that removes the need to rely on the ad hoc and slow-moving approach of ratings agencies and the noisy and volatile signals coming from markets."

Excerpt from SF Weekly -- "For real estate developers, EB-5 is a great deal. Where a traditional financier might demand a significant return on investment, an EB-5 investor gets his money's worth courtesy of the US government. Earning a return is secondary, and both the Securities Exchange Commission and an academic study by the NYU Stern Center for Real Estate Finance Research have found that EB-5 investors accept lower interest rates on their investments than they would if the green card weren't offered."

Excerpt from Hub Magazine -- "The consumer always wins. If you give consumers three choices — a great e-commerce site with no stores, a great retailer with great stores but bad digital, or the multi-channel retailer — they will say door number three. The future looks more like Williams Sonoma, Sephora or Macy’s than it does Amazon."

Excerpt from Project Syndicate -- "Organizations, businesses, and people all have to adapt to the technologically driven shifts in our economies’ structure. These transitions will be lengthy, rewarding some and forcing difficult adjustments on others, and their productivity effects will not appear in aggregate data for some time. But those who move first are likely to benefit the most."

Excerpt from Foreign Policy -- "Our research suggests that, contrary to perception, China’s stock prices have been surprisingly informative about future corporate earnings and have been generating useful signals for managers. Specifically, the predictive power of prices for future earnings in China is comparable to that in the United States, and the strength of that predictive power is significantly correlated with corporate investment efficiency."

Excerpt from The Wall Street Journal -- "The other great problem is the ability of pharmaceutical and biotechnology companies to charge whatever the market will bear. According to a January 2015 analysis by Aswath Damodaran, a professor at New York University’s Stern School of Business, the average yearly profit margin for the top 151 pharmaceutical companies world-wide is more than 24% and for the top 400 biotech firms it is nearly 23%."

Excerpt from The Washington Post -- "In one experiment, half of the participants were shown the current nutrition label for mini chocolate chip cookies, and the other half saw the proposed label. Then they were told they would be offered some, and asked how many they expected to eat. Those who had seen the new label, which used six cookies as a serving size, said they expected to eat more than those who saw the current one, which used three cookies as a serving size."

Excerpt from PIX 11 News -- "'Just remember to think about the long run,' Dr. White said in an interview. 'In the long run, we’ve got a solid economy.'"

Excerpt from Marketplace -- "Jennifer Carpenter is associate professor of finance at New York University's Stern School of Business, and along with professor Robert Whitelaw and Fangzhou Lu recently authored a paper in which 'we find that against all odds, China’s stock prices are surprisingly informative about future corporate earnings,' says Carpenter. 'It’s comparable to levels of price informativeness that you see in the U.S.'"