Experience Stern | News & Events

On February 25, the Center for Real Estate Finance Research partnered with two student organizations, the Stern Real Estate Club and Stern Women in Business, to host an Executives-in-Residence Day.

Excerpt from The Wall Street Journal -- “'This is one of those companies where you do a traditional cash-flow valuation of the business and it is really tough to justify the valuation that they’re at,' Mr. Damodaran said in an interview. 'But there are a lot of people who have tried to sell short who are getting steam rolled.'”

Excerpt from The Huffington Post -- "Limited individual acts of kindness, according to Jonathan Haidt, a University of Virginia psychologist and author of The Happiness Hypothesis may not be fulfilling. He notes that 'If you do a random act of kindness for a stranger and it's a one-shot deal, there's much less likelihood that you're going to see any benefit.'"

Excerpt from Reuters -- "...Bitcoin isn't well understood right now. And so when something like this happens on what used to be the largest exchange, investor faith in Bitcoin goes down. And this hurts Bitcoin investors around the world even if there were no problems with their exchanges."

In research that is forthcoming in the journal, Management Science, NYU Stern Professor Deepak Hegde and his co-author, Justin Tumlinson of the IFO Institute at the University of Munich, found that US venture capitalists (VCs) were more likely to invest in start-ups led by executives of the same ethnic origin, particularly when the probability of the start-ups’ success appears low.

Excerpt from Bloomberg -- “'I would use more aggressive monetary policy to weaken the currency,' Roubini said at a lunchtime event at the Toronto Hilton, referring to the Canadian dollar. 'That’s what I would do. More than fiscal stimulus I would say a commitment to keep rates low for longer, or having an easing bias, something along those lines.'”

Excerpt from Reuters -- "Canada's housing market is at risk of a meaningful correction, Nouriel Roubini said on Monday, though the economist known as 'Dr. Doom' for his often gloomy forecasts said he was not predicting a crash."

Excerpt from TopMBA -- “'The changes that have occurred,' explains Chernoff, 'come about because many industries have been basing their decision making on intuition and experience. Companies realize now they need managers with higher level analytic skill, being able to work with big data that companies are amassing. It’s not sufficient to just be able to run Excel.' MBA students are alive to this, he says, having spent time in industry, and it is the MBA community in which supply chain expertise is really being cultivated."

Excerpt from Livemint -- "The Chinese stimulus of the past five years has been a big driver of the global rebound from the abyss of fall 2008. As the stimulus subsides and the Chinese government looks for a shift from investment-driven growth to consumption-driven growth, the rest of the world cannot escape a difficult adjustment."

Excerpt from The New York Times -- "In practice, however, winner-take-all effects still appear to dominate. Long-tail proponents predict that the least-popular offerings should be capturing market share from the most popular. But as Anita Elberse, a professor at the Harvard Business School, recounts in her 2013 book 'Blockbusters,' the entertainment industry’s experience has been the reverse. Digital song titles selling more than one million copies, for example, accounted for 15 percent of sales in 2011, up from 7 percent in 2007. The publishing and film industries experienced similar trends."

Excerpt from PsychCentral -- "The researchers, Uma R. Karmarkar, Ph.D., assistant professor of business administration at HBS, and Bryan Bollinger, Ph.D., assistant professor of marketing at New York University’s Leonard N. Stern School of Business, were surprised to find that the influential effects linked to reusable bags were not causal, but seemed to worked in tandem, pushing shoppers in seemingly opposite directions at the same time."

Excerpt from Bloomberg -- "In a paper for the National Bureau of Economic Research, economist David Yermack said that Bitcoin shifts too much to be a unit of account or a store of value."

Paula Kerger, President and CEO of PBS, joined Langone MBA students for a 2013-2014 Langone Speaker Series event. Professor Charlie Murphy moderated the conversation, which began with a one-on-one interview focused on Kerger’s experiences at PBS, career path and professional pointers for Langone MBAs.

Excerpt from the Los Angeles Times -- "It isn't 1999, but companies with loads of users — but few prospects for making money — are being handed lofty market values, said Aswath Damodaran, who teaches corporate finance and valuations at New York University's Stern School of Business."

Excerpt for Marketplace -- "'I think in some ways this is a first in the history of Hollywood,' says NYU Stern School of Business professor Luis Cabral.

Excerpt from CIO Magazine -- "Trends of who's going where, in the aggregate, could be an interesting way of discovering things you didn't know were happening in your city, much like trending information on Twitter sometimes leads people to discover news stories, said Arun Sundararajan, professor of information, operations and management sciences at New York University, who studies digital economics."

Excerpt from Bloomberg -- "'The most likely scenario,' he writes, 'is that most major emerging markets, including China, will experience a transitional growth slowdown but will not be derailed by shifts in monetary policy in the West, with high growth rates returning in the course of the coming year.'"

MBA student Julie Raskin takes on a new partnership role in the private sector, after a career in government.

On Friday, February 21, 2014, the Salomon Center for the Study of Financial Institutions will host Research Day 2014, featuring presentations on in-progress research at NYU Stern and a panel discussion on the current state of the world economy and financial system.

The social enterprise communities of NYU's Leonard N. Stern School of Business, School of Law, and Robert F. Wagner Graduate School of Public Service are co-hosting this year's 4th Annual NYU Social Innovation Symposium (SIS).

A team of four Stern MBA students (Steven Stein, Kathleen Urbani, Lauren Sanders and Jason Davis) took second place and a $5,000 prize in the 2014 UNC Real Estate Development Challenge. It was the first time at the annual challenge that a team from Stern placed within the top three.

Excerpt from ABC News -- “'This is such a wonderful day when a revered religious leader who is particularly beloved on the left comes to a free market think tank, so this is scrambling all the categories,' said Jonathan Haidt, a panelist from New York University."

Excerpt from Financial Times -- "For decades, shifts in energy markets have reshuffled the deck of geopolitical winners and losers. That is now happening again. The latest trend looks here to stay, and the fallout has just begun."

Excerpt from Project Syndicate -- "Even so, amid growing concerns about emerging economies’ prospects, China is attracting attention because of its scale and central position in the structure of global trade (and, increasingly, global finance). As a result, risk assessment in China focuses on the magnitude of the structural transformation, resistance from powerful domestic interests, and domestic financial distortions."

Excerpt from The Atlantic Cities -- "A new working paper by my colleagues Brandon Fuller and Paul Romer of NYU’s Marron Institute projects that the world’s urban population will reach 9.8 billion people by 2210, with nearly 87 percent of the 11.3 billion people on Earth living in cities."