Experience Stern | News & Events

On April 26th, Stern in Africa will host the NYU Stern Africa Economic Forum 2014, themed, “The African Gold Rush: Realities of Africa’s Economic Growth and Potential.” The conference will present a balanced depiction of the current state of Africa, in addition to highlighting the promising transformations that are taking place across the continent.

On April 25, NYU Stern and NYU Law co-hosted the NYU Global Governance Roundtable: Building Ethical and Sustainable Global Companies.

Excerpt from MarketWatch -- “'I think the headline for the past earnings quarter was Wells Fargo,' notes Roy Smith, a professor at New York University’s Stern School of Business and a former general partner at Goldman Sachs Group Inc. 'They seem to have their business model operating on all cylinders.'"

Excerpt from Bloomberg -- "Unusual trading patterns around the afternoon fixing in London are a sign of collusive behavior and should be investigated, Rosa Abrantes-Metz, a professor at New York University’s Stern School of Business, wrote in a draft research paper, which was reported by Bloomberg News in February."

At the conclusion of an eight-month competition, NYU’s most promising innovators received a combined $200,000 in start-up cash at the annual $200K Entrepreneurs Challenge, held by NYU Stern’s Berkley Center for Entrepreneurship & Innovation.

At the conclusion of an eight-month competition, NYU’s most promising innovators received a combined $200,000 in start-up cash at the annual $200K Entrepreneurs Challenge, held by NYU Stern’s Berkley Center for Entrepreneurship & Innovation.

Returning for its fifth edition, this provocative awards program, co-sponsored by Accenture and AT&T at NYU Skirball, celebrates the new frontiers of disruptive innovation in collaboration with Harvard professor Clayton Christensen.

The Sixth Annual NYU Stern Volatility Institute Conference convened academics, practitioners and regulators to discuss the latest research and ideas on this year’s theme, “Market Liquidity and Funding Liquidity: Implications for Economic Risk.” 

Excerpt from Sydney Morning Herald -- "Another cue is the use of sound. Consumers are more willing to part with their hard-earned cash when they're in a shop playing fast-tempo, upbeat music. 'If you're thinking faster, and you're on that tempo, you're likely to respond by spending more quickly,' [Alter] says."

Excerpt from Forbes -- “'It enriches their perspective,' says Anat Lechner, Professor of Management and Organizations at NYU Stern School of Business, who is not bringing her children to work today, but has had them observe her classes and lectures in the past. 'It gives the kids a perspective on their parents and the question of work, and has them see their parents in a very different capacity.'”

Excerpt from The Economist -- "Berkshire Hathaway has beaten the market over the long run by investing in relatively low-risk stocks the market was underpricing, according to 'Buffett’s Alpha', a study by three economists, Andrea Frazzini, David Kabiller and Lasse Pedersen. The study found that when it comes to outperforming the market on a sustained basis (see chart), Berkshire Hathaway is arguably without equal."

Excerpt from Entrepreneur -- “'One strategy is adding features that mimic the old-world experience to enhance familiarity,' says Sundararajan. 'They can integrate what people might miss from the old experiences they are trying to disrupt, and create that bridge.' For instance, Airbnb launched its own concierge service, so that travelers could still feel pampered as if they were at a traditional hotel."

Excerpt from USA Today -- "One of the take-away messages of the survey is that employers are expecting more of their employees in entry-level jobs, says Prasanna Tambe, an assistant professor at the New York University Stern School of Business, and one of the authors of The Talent Equation. Those first jobs are more complex than they used to be, requiring more industry acumen and technical skills, he says. In fact, for many jobs today, it's important to have a blend of interpersonal and technical skills, Tambe says. It's hard to get all that from classes in college. A lot comes from hands-on work experience."

Excerpt from Forbes -- "'We have young people losing their lives sewing clothes,' she said at a forum at NYU’s Stern School of Business, where she presented her report, co-authored with the center’s research director Dorothée Baumann-Pauly. Since last July, Labowitz and her colleagues have interviewed more than 100 people about business practices in the supply chain, including factory owners, buyers, agents, workers, trade unionists, journalists, bankers and finance professionals and academics in Bangladesh and in the U.S."

Excerpt from Bloomberg -- "You basically have a hardware company that looks like, if you look at the balance sheet and the income statement, it looks like a software company. Or maybe not a software company, but a services firm, much less a hardware firm. So ... this really does quiet a lot of naysayers around Tim Cook's abilities and his leadership and the numbers. They delivered today in spades."

Excerpt from The Washington Post -- "'It doesn’t seem to be in the best interest of society to place the same regulatory burden on someone who does something occasionally and someone who does something frequently,' Sundararajan says."

In new research that analyzes data from China’s stock market from 1995 to 2012, NYU Stern Professors Jennifer Carpenter and Robert Whitelaw, along with undergraduate student Fangzhou Lu, find that despite its reputation as a “casino,” China’s stock market has functioned well by several measures.

On April 23, NYU Stern’s Center for Real Estate Finance Research hosted their third annual Spring Symposium.

Excerpt from De Telegraaf -- (translated from Dutch using Google translate) "For the International Monetary Fund (IMF) and the euro area countries, Greece's lenders, the primary surplus is good news, economics professor Nicholas Economides of New York University told this newspaper. The likelihood that Greece can repay its loans is thus increased, he says."

Excerpt from Rolling Stone -- "Thomas Philippon and Ariell Reshef have found that 30 to 50 percent of the wage difference between the financial sector and the rest of the private sector was due to unearned 'rent,' or money they gained through manipulating markets."

Excerpt from Project Syndicate -- "Indeed, though domestic investment is constrained by credit availability, major European and Latin American multinationals have begun investing in the Spanish economy, attracted partly by its enhanced competitive posture and structural flexibility, and, on a slightly longer time horizon, by a recovery in domestic demand. Private equity is flowing in as well, not only because the valuations are attractive, but also because potential growth in Spain now seems within reach."

Excerpt from Bloomberg -- "The company’s approximately 15,000 New York hosts are probably a 'drop in the ocean' compared with how many residents might consider using the service to help pay rent if not for regulatory or other concerns, [Sundararajan] said."

Excerpt from WIRED -- “'The extent to which ­people are connected to each other is lower than what humans need,' NYU professor Arun Sundararajan says. 'Part of the appeal of the sharing economy is helping to bridge that gap.'”

Excerpt from CNET -- "NYU Stern School of Business professor Tulin Erdem, meanwhile, on Friday also testified that she conducted her own studies, using eye tracking, to determine what devices consumers would buy. She concluded that Apple's patented features didn't boost desire for Samsung's products."

As a part of the Conversations on Urbanization series held by NYU Stern’s Urbanization Project, Edward Glaeser, Fred and Eleanor Glimp Professor of Economics at Harvard University, spoke with Paul Romer, Director of the Urbanization Project, Interim Director of NYU's Marron Institute on Cities and the Urban Environment and Professor of Economics, in a public presentation on April 22.