Experience Stern | News & Events

Excerpt from Digital Journal -- "It was a packed house at NYU Stern's auditorium as the prestigious New York University business school hosted a 'Economic Outlook Panel' with economists Vincent Reinhart and Julia Coronado along with professors Kim Schoenholtz and David Backus on September 3, 2014. In 2014, the economy has become a topic as likely to be discussed over cocktails as it is at an economic conference, so it should come as no surprise it was so well-attended."

Excerpt from CNBC -- "Ethan Mollick, an assistant professor at the University of Pennsylvania's Wharton School of Business, together with Professor Jason Greenberg at New York University, recently looked into the success of women on Kickstarter. They examined 1,250 projects in five categories that sought at least $5,000 between 2010 and 2012. What they discovered was that women were 13 percent more likely than men to meet their Kickstarter goals."

In a new study, NYU Stern Professors Elizabeth Morrison and Kelly See, along with co-author Caitlin Pan of SIM University, examine why employees often withhold important suggestions and concerns, and find that a sense of powerlessness plays a key role.

Excerpt from Channel News Asia -- "'They won't just be playing catchup,' said Prasanna Tambe, associate professor at New York University’s Stern School of Business. 'They'll be leapfrogging the competition in some ways because this is a problem that many countries have tried to solve and it's been difficult. I think everyone is still struggling to figure out how to achieve better gender balance in the high-tech workforce.'"

The NYU Stern Center for Global Economy and Business hosted the Economic Outlook Forum on September 3, 2014.

Excerpt from US News University Directory -- "While in 2003-2004, New York University's Stern School of Business only had two entrepreneurship classes with 62 students, that number jumped to seven courses with 281 students enrolled in 2012-2013, Bloomberg BusinessWeek reported. In 2012, the school also introduced a specialized academic track in entrepreneurship."

Excerpt from Bloomberg Businessweek -- "Jon Haidt thinks corporate culture in America works relatively well. But that hasn’t stopped him from launching a crusade to up-end the way Wall Street titans do business. Haidt, a professor of business ethics at New York University’s Stern School of Business, founded a nonprofit called Ethical Systems this year. He started Ethical Systems as a research hub to study the best ways to make business people behave ethically. No one can accuse Haidt of underestimating what’s at stake. 'If we at Ethical Systems can, over the course of 10 years, improve business ethics by 1 percent, we’ve justified our life on this planet,' he says."

Excerpt from Newsweek -- "In a world where technology and efficiency have provoked greater loneliness, something as simple as sharing a ride in a taxi may improve our health and well-being. Arun Sundararajan, a New York University professor specializing in the digital economy, says that while technological progress yields greater institutional efficiency, 'a byproduct is a growing drop in the level of connectedness people have.' Sundararajan points to studies that show loneliness can have negative health effects. But there might be a way to counteract this depressing fact of contemporary life. The sharing economy, he says, can 'bring back that human connectedness into economic interactions that used to be individual, isolated, solitary and faceless.'"

Excerpt from TheStreet.com -- "'Clearly it's a win-win,' said Stijn Van Nieuwerburgh, professor of finance and director of the Center for Real Estate Finance Research at NYU's Stern School of Business. 'Banks are able to reduce their non-performing loans and improve their own financial health and that of the financial system more broadly in the process.'"

Excerpt from La Repubblica -- (Translated from Italian using Google Translate) "The Laureate Robert Engle warns that quantitative easing creates bubbles of liquidity and that in America the problem will emerge soon."

Excerpt from CNBC -- "'It now appears – based on European Central Bank President Mario Draghi's recent Jackson Hole speech – that the ECB has a similar plan in store for the euro zone,' Nouriel Roubini, chairman of Roubini Global Economics wrote in an op-ed published on Project Syndicate's website on Sunday, referring to 'Abenomics' – Abe's economic revival plan consisting of fiscal stimulus, monetary easing and structural reforms."

Excerpt from Project Syndicate -- "It now appears – based on European Central Bank President Mario Draghi’s recent Jackson Hole speech – that the ECB has a similar plan in store for the eurozone. The first element of 'Draghinomics' is an acceleration of the structural reforms needed to boost the eurozone’s potential output growth. Progress on such vital reforms has been disappointing, with more effort made in some countries (Spain and Ireland, for example) and less in others (Italy and France, to cite just two)."

Excerpt from CNBC -- "'Yahoo is actually better off just throwing in the towel,' said New York University finance professor Aswath Damodaran, a valuation expert. 'The most sensible thing that they can do is give the money back to stockholders. They have lost the game to others (Google, Netflix, Amazon) and it is time for [CEO] Marissa Mayer to concede and not throw good money after bad,' Damodaran said in an email to CNBC."

Excerpt from Fox Business -- "The business implications are really exciting because what we've got here - let's get away from the specifics of the drone - what we've got here is Google X, and this is what I love about the Google X program - they're basically starting from a blank sheet of paper, they're disrupting the old infrastructure model...which is the airport, go to a depot, go to a truck model which was based on the railways, so they're starting from a blank sheet and saying if we came here today and we had to get stuff to people, how would we look at doing that. So it's a new infrastructure idea from the ground up and that's what's exciting."

Excerpt from InsideCounsel -- "'It’s not a very common structure,' Joseph Porac, a professor at New York University’s Stern School of Business, said in an interview with InsideCounsel, about co-CEOs. 'It can work.' When it is effective, the two CEOs may have complementary skills, there is a good relationship between them, and it can add value to the company, Porac said. There should be a culture of cooperation for the system to work effectively, he added."

Excerpt from Poets & Quants -- "Hori, arguably the most successful business school career management director of her generation, had been in charge of the placement of Northwestern University’s Kellogg MBAs for nearly 17 years. The hire is a major coup for NYU Stern which significantly expanded Hori’s role at the school. Stern said Hori will 'build, sustain and manage a broad array of corporate relationships that underpin the career development program for MBA students and alumni, as well as forge new relationships with companies across sectors and markets around the world.'"

Excerpt from Bustle -- "Readers may be too immersed in a tragic story to consider its fictional nature … As a result, consumers’ emotional reactions to these experiences may be just as strong as their reactions to experiences that involve more proximal events (such as real-life stories)."

New York University Stern School of Business announced that Roxanne Hori has joined its leadership team in the newly created position of Associate Dean of Corporate Relations, Career Services and Leadership Development.

Excerpt from VentureBeat -- "NYU’s Jason Greenberg and University of Pennsylvania’s Ethan Mollick found that the extraordinary success of women on Kickstarter was partly due to activist women backers who have 'the motivation to help someone that shares one’s gender overcome perceived structural barriers..'"

Excerpt from International Business Times -- "The International Monetary Fund (IMF) has identified twenty-five young economists who it expects will shape the world's thinking about the global economy in the future."

Excerpt from Project Syndicate -- "...experience in a wide range of countries suggests that high and rising levels of inequality, especially inequality of opportunity, can indeed be detrimental to growth. One reason is that inequality undercuts the political and social consensus around growth-oriented strategies and policies. It can lead to gridlock, conflict, or poor policy choices."

Excerpt from VICE -- "According to the researchers, at issue is a preemptive 'priming' impulse in users that ultimately affects how much they donate. Presenting users with information controls before payment likely scared off some users not already aware of privacy issues on the web and encouraged users who were to donate more, knowing that the exact amount would remain hidden."

Excerpt from The Wall Street Journal -- "Small boards are more likely to dismiss CEOs for poor performance—a threat that declines significantly as boards grow in numbers, said David Yermack, a finance professor at New York University's business school who has studied the issue."