Experience Stern | News & Events

Psychological research has shown that conservatives and liberals differ on basic personality traits such as conscientiousness, tolerance for uncertainty and openness to new experiences. Professor Vishal Singh of the New York University Stern School of Business and colleagues hypothesized that the conservative tendency to prefer tradition and convention would be reflected in conservatives’ purchasing behavior, leading them to choose established name-brand products over generic brands or new products.

Excerpt from the Financial Times -- "At the core of Prof Henry’s research is historical analysis of stock market reactions to government reforms in emerging economies. He concludes that decisive and transparent plans to implement market-friendly policies repeatedly inspired market optimism in future growth."

Michael Warren, Principal of Albright Stonebridge Group, engaged with more than 100 MBA students at NYU Stern’s Block Lunch, hosted by Dean Peter Henry.

As part of NYU Stern’s Leadership Luncheon Series coordinated by the Stern’s Leadership Development Team, Stephen I. Sadove, Chairman & CEO of Saks, spoke with MBA students about his career and today’s luxury retail market.

Excerpt from the Financial Times -- "Chicago Booth has a course on its MBA programme, as does the Tepper school at Carnegie Mellon University, while at the LSE the techniques are an integral part of masters and undergraduate programmes. NYU Stern and Schulich run standalone masters degrees in Business Analytics."

Excerpt from the Financial Times -- "'The challenge,' John Seaman and George David Smith, historical and archival consultants, wrote in Harvard Business Review recently, 'is to find in an organisation’s history its usable past'."

Excerpt from Financial News -- "A more informed solution to avoiding avalanches would be to learn what Samuelson never did – how to identify where the next one might occur, (currently in the high-yield debt market) – and what to do to minimise widespread fallout. But this is not something former prosecutors, newly appointed as financial regulators, will find easy to do."

Excerpt from the Financial Times -- "Apple’s mix of momentum, growth and value investors, and a rumour ecosystem that feeds trading means the two processes can yield very different numbers. Investors have to make judgments: first on the stock’s value relative to price; and second on whether the gap will close."

Excerpt from Marketplace -- "There's another risk with a high price tag, says Adam Alter, a professor of marketing and psychology at New York University. If you’re a friend or family member of a suspect, and you’re on the fence about turning in someone you love, a big reward might actually backfire because 'you're turning it in to an economic transaction for someone's freedom, which I think is for a lot of people quite offensive,' Alter said."

NYU Stern Professor Melissa Schilling has been appointed to the National Academy of Sciences Committee on Overcoming Barriers to Electric Vehicle Deployment. The committee will study the technological, infrastructural and behavioral barriers to widespread adoption of electric vehicles in the United States.

Excerpt from CNBC -- "'India, Russia, and China, all of them are moving towards state capitalism, and that's actually going to slow potential growth,' he told CNBC."

Faculty from top business and law schools convened on February 8 and 9 to present, discuss and debate their work at the ninth annual NYU/Penn Conference on Law and Finance. The event was co-hosted by NYU’s Pollack Center for Law & Business and the University of Pennsylvania’s Institute for Law and Economics, and sponsored by NERA Economic Consulting.

Excerpt from Foreign Policy -- "In an era of bubbles, crashes, tarnished reputations, and outrage over the gulf between the wealthy and the struggling classes, it may seem like the height of insolence to suggest that stock markets hold the key to economic recovery in the United States and Europe. Wasn't it market misbehavior that got us into this mess in the first place? But, in fact, policymakers would still do well to look to the stock market as an essential indicator of the likely impact of their reforms."

This year’s SWIB conference, themed, "Breaking Boundaries: The New Role of Innovation," will highlight how business is being transformed by values-driven female leaders who combine private sector profitability with creative and strategic leadership. Speakers will explore how women have innovated their careers, from design innovation to business model innovation to innovating for social change. SWIB is pleased to be hosting the following Keynote speakers: Irene Rosenfeld, Chairman and CEO of Mondelez International (formerly Kraft Foods), Bethany Mayer, SVP & GM of Hewlett-Packard Company, Marian Croak, SVP at AT&T Labs, and Elana Drell Szyfer, CEO of AHAVA North America.

The Conference on Extracting and Understanding the Risk Neutral Probability Density from Options Prices will bring together researchers from NYU Stern and the Federal Reserve Banks of New York and Minneapolis to describe the work they have been doing on extracting the RND from options prices and analyzing the information it contains. Discussants from industry will also share their perspectives on this promising area of research.

Thirty years ago China seemed hopelessly mired in poverty, Mexico had triggered the Third World Debt Crisis, and Brazil suffered under hyperinflation. But in recent decades, these and other developing countries have turned themselves around, while First World nations, battered by economic and fiscal crises, struggle to stay afloat. With the global economy teetering on the brink, America’s prosperity now depends on our ability to learn from these prior foreign struggles—and successes—with economic reform. The stakes are higher than ever and "Turnaround: Third World Lessons for First World Growth," by Peter Blair Henry, reveals the three things we need for a more prosperous future.

In a new research paper, Professor Marti Subrahmanyam at NYU Stern School of Business and Professors Alexander Eisl and Rainer Jankowitsch at Vienna University of Economics and Business find that an alternative rate-setting process that uses the median of the LIBOR window could significantly reduce the effect of LIBOR manipulation.

Excerpt from Bloomberg -- “'Supervision by itself is not enough because it is within the regulatory perimeter' in which the Fed focuses primarily on banks, said Viral Acharya, a finance professor at New York University’s Stern School of Business who has served as an adviser to several Fed district banks."

Excerpt from The New York Times -- "'It’s all about association. If Samsung wants to be perceived as hip, cool and cutting edge, it has to have a partner with the same qualities,' Hal Hershfield, assistant professor of marketing at New York University’s Stern School of Business, said of Samsung’s alliance with Mr. Wang. 'Like Apple, which has a certain image, both Microsoft — with indie bands — and Samsung with fashion are saying that we can play this game, too,' Mr. Hershfield said."

Excerpt from CNBC -- "'This is a company that's being priced for no growth and compressed margins already, so I don't understand why the market would react the way it does to news that is, in a sense, is not being built into the stock price,' he said."

Excerpt from CNBC -- "The 'easy money' policy of the Federal Reserve will continue for 'as far as the eye can see' and that's going to continue to be good for the U.S. stock market, noted economist Nouriel Roubini told CNBC on Tuesday."

On February 4, Kim Schoenholtz, Professor of Management Practice in the Stern Economics Department and Director of the Center for Global Economy and Business, moderated a discussion among three leading economists from Wall Street firms. Michael Feroli, JP Morgan; Paul Sheard, Standard & Poor's; and Nathan Sheets, Citigroup.

Excerpt from LiveMint -- "While India has not experienced a crisis recently, the ownership structure of government debt seems problematic from the view of financial and economic stability. More than 80% of government debt in India is held by banks and state-owned insurance companies. This ownership structure, coupled with substantial public ownership of banks and financial institutions, implies a strong nexus between banks and governments."

Excerpt from Bloomberg BusinessWeek -- "The World Bank estimates that over the next five to 10 years, China will export something like 85 to 100 million jobs to earlier-stage developing countries, and that they will be replaced by higher-value-added activities. This is the opportunity of the century for the earlier-stage developing countries, because for a long time they’ve been saying, rightly or wrongly, that they can’t compete with China. Well, China is moving on just like Korea did before, and now is their chance."

NYU Stern's Urbanization Project will host industry professionals and faculty that will participate in the Brown Bag Discussion series.