Experience Stern | News & Events

DHL and NYU Stern School of Business today released the 2019 update of the DHL Global Connectedness Index (GCI), which highlights key developments in international flows of capital, trade, information, and people.

Excerpt from BBC -- "Management Science published a study on online dating in 2017 which highlighted the paradox of choice, noting that increasing the number of potential matches has a positive effect due to larger choice, but also a negative effect due to competition between agents on the same side.'"

Excerpt from E-Commerce Times -- "'The last straw that smaller retailers were holding onto was their ability to offer a more personal and special in-store experience versus the larger retailers,' he told the E-Commerce Times. 'Now that even American Express can't get consumers off their couch for Small Business Saturdays, they have to go head-to-head against Amazon online, where competing on price and delivery speed is a non-starter.'"

Excerpt from Fortune -- “'The magnitude of the next spike in default rates, whenever it occurs, will be severe,' said Edward Altman, professor emeritus at New York University’s Stern School of Business and director of the Credit and Fixed Income Research Program at the NYU Salomon Center. The pain will last longer than is typical, he believes, and more money will be lost than normal through defaults."

Excerpt from Innovation Leader -- "When Ari Ginsberg discusses the business ecosystem, it can sound like he’s narrating an episode of the nature show Planet Earth. Ginsberg, a Professor of Entrepreneurship and Management at New York University’s Stern School of Business, talks about young startups as field mice —tiny players in the ecosystem.
 

Excerpt from Reuters TV -- "'We know from Amazon it takes a tremendous amount of investment to actually get there. In addition, Amazon has a massive amount of logistics infrastructure knowing how to distribute to warehouses. If you have many, many small warehouses, how do you actually deal with that in logistics aspect? Just to put in some scale to it, Amazon in a decade went from a $1 billion in shipping to $60 billion and Q4 alone it's estimated that they are going to spend $1.5 billion just on same day delivery under Prime.'"

Excerpt from MetroMBA -- "If you want to work in the financial district of New York City, there are two schools you should consider. For accountants, NYU Stern has a one-year, 30-credit program regarded as the best Master’s in Accounting in New York."

Excerpt from WIRED UK -- "The cinema chains will likely claim that Netflix’s decision to buy the lease to the Paris Theatre has been done in response to the fraught relationship the streaming giant has had with the major cinema chains. But they could go further. 'To me, it's a pretty smart move,' says Paul Hardart, director of entertainment, media and technology at New York University Stern School of Business. 'For a long time, they were just saying, we want people to watch it, wherever they want to watch it, how they want to watch it – in their homes.'”

Excerpt from Politico -- “'It’s likely that there will be a high volume of misinformation and disinformation pegged to the 2020 election, with the majority of it being generated right here in the United States, as opposed to coming from overseas,' said Paul Barrett, deputy director of New York University’s Stern Center for Business and Human Rights."

Excerpt from Fast Company -- "Vasant Dhar, an artificial intelligence researcher and professor at New York University’s Stern School of Business, says some countries are working on systems that could more easily free up data for such projects. A data protection bill on the table in India would create an app where people can collect and view their data, for instance. It would also appoint a “data fiduciary” to each account, someone who would act as a gatekeeper to a person’s data."
 

Excerpt from Forbes -- "The book, When the President Calls: Conversations With Economic Policymakers, by NYU professor Simon Bowmaker, sheds new light on the inner workings of how things get done in the executive branch. It involved extensive interviews with dozens of past economic bigwigs, including Alan Greenspan, Paul Volcker, Austan Goolsbee, Janet Yellen, Robert Rubin, and Hank Paulson. "

Excerpt from Bloomberg Quint -- "Systemic risk across India‘s financial institutions has remained range bound despite recent attempts to improve the level of capitalisation across the country’s state-owned banks, according to Nobel Laureate Robert Engle."

Excerpt from Vox -- "'I think the value of a diamond is zero. It's entirely the value you have, in regards to the person who gave it to you.'"

Excerpt from Business Insider -- "Meyvis said the preorder program was a time-worn marketing strategy known as the 'foot-in-the-door' technique.'You get people to make a small commitment, and then they're more likely to make a big commitment later on,' he said. Meyvis agreed with the idea that the psychology here is comparable to a Kickstarter campaign, which has helped many innovative brands generate interest in their product concepts."

Excerpt from Brookings Institute Blog -- "Using corporate deposit and loan transaction data for European banks from January 2006 to June 2010, Viral Acharya of NYU Stern School of Business and coauthors find that the European Central Bank’s increase in liquidity provision beginning in October 2008 lowered deposit spreads for both high-risk and low-risk banks, but reduced loan spreads only for low-risk banks."

Excerpt from CNBC -- "Even if they are giving them as gifts, buying secondhand allows people to get their hands on items they would otherwise feel guilty purchasing, such as designer clothes or something that isn’t necessarily useful to them, said Tom Meyvis, a professor of marketing at New York University’s Stern School of Business."

Excerpt from Bloomberg -- “'The issue is not whether they can survive tomorrow,' said Allen Adamson, co-founder of marketing consulting company Metaforce. 'But whether they will thrive the day after tomorrow.'"

Excerpt from Livemint -- "Research by New York University professor Pankaj Ghemawat shows that differences between countries—be it geographic, cultural, administrative or economic—matter to a company’s performance in different regions in significant, predictable ways. The greater the distance, the relatively weaker the subsidiary’s performance, showed the research, citing Walmart Inc.’s performance in different countries."

Excerpt from mbaMission -- "Having taught at Stern for more than a decade as an adjunct associate professor (and earning the 1996 Stern/Citibank Teacher of the Year Award), Jeffrey Carr joined Stern’s full-time faculty in 2007 and is now a clinical professor of marketing and entrepreneurship. Carr also serves as director of the NYU Stern Fashion and Luxury Lab, which was launched in 2017."

Excerpt from Accepted.com --"We want students to leave with preparation for the future. When thinking about how quickly things are changing – technology, how people work – we think about how we prepare students to embrace that change. Change: Studio brings together leadership, experiential learning, and entrepreneurship in co-curricular programming to provide a structure with which to drive change in an organization. The curriculum overall is called Dare It, Dream It, Drive It. Dare It is focused on leadership, Dream It on experiential learning, and Drive It on starting something new. Everyone goes through the beginning stages of Change:Studio with orientation in the leadership simulation and then they can opt into the Change:Studio program."

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Excerpt from MarketWatch -- "Professor Lawrence White, who teaches on antitrust matters at the New York University Stern School of Business, doubted much more cross selling would occur because companies like Schwab and TD Ameritrade already had strong incentives to do that now."

Excerpt from Business Standard -- "Noble-prize winning economist Robert Engle said that a number Indian financial institutions may require significant additional capital in the event of a financial shock. The majority of financial institutions that show such signs of the need for additional capital were state-owned banks, he said in a talk in Mumbai on Tuesday."
 

Excerpt from Quartz India -- "Everyone’s in it for the long-haul as 'millions of users in small towns and smaller cities are getting online for the first time, propelled by cheap smartphones,' Anindya Ghose, professor of technology, operations, and statistics at New York University’s (NYU) Stern School, told Quartz. 'All this makes it very attractive for large players, both global and local, to battle it out in the space. And there is imminent competition from newer entrants like Facebook, Google, and PhonePe.'”

Excerpt from PayScale.com -- “'I think one of the most prominent examples of ageism against youth is the knee-jerk tendency to dismiss their views as uninformed, naive or entitled,' says Michael S. North, Ph.D., an assistant professor of management and organizations at NYU Stern School of Business, speaking with The Riveter."

Excerpt from Bloomberg -- “'WeWork is not just a mistake, it is a signal of weakness in the whole model,' said Aswath Damodaran, a professor of finance at New York University’s Stern School of Business, who has written four books on valuing businesses. 'If you screwed up that valuation so badly, what about all of the other companies in your portfolio?'”