Experience Stern | News & Events

Excerpt from The Economist -- "Republicans and Democrats do have different shopping habits, observes Vishal Singh, an academic who studies marketing at NYU Stern. Republicans tend to drink more American beers; Democrats more foreign and craft brews. In Republican-voting districts Cracker Barrel, a southern-themed restaurant, is common; upscale Whole Foods shops cluster in Democratic areas. But this mostly reflects the different lives Democrats and Republicans lead. Southern food is popular, unsurprisingly, in the South, which is heavily Republican. Costly groceries are popular with affluent urbanites, who tend to be Democrats."

Excerpt from The Economist -- "Even if the most extravagant boast about buy-backs—that firms can use them to create value through market timing—is flaky, they can still be a flexible cash-management tool. Aswath Damodaran of the Stern School of Business at New York University explains that they let firms vary their cash returns to shareholders as their profits oscillate. He sees dividends as a throwback to the 19th century, when investors insisted on bond-like payments."

Excerpt from Accepted.com -- "...I was interested in NYU even during undergrad, as the program offered an ideal match for my values and goals. NYU Stern provides an 'education in possible,' and encourages broad and disruptive thinking. That is just the type of approach I planned to take with my degree and in my work."

Excerpt from TopMBA -- "Former Harvard Business School professor Pankaj Ghemawat is to join NYU Stern’s faculty, where he has been serving as a visiting professor since September 2013. The Academy of International Business and of the Strategic Management Society fellow is an expert in the field of globalization, and has written five books and more than 100 articles and case studies on the subject – indeed, he is one of the world’s big-selling authors of teaching cases. He annually compiles a globalization index with Steven Altman 'that looks at the connectivity of more than 130 countries with the rest of the world in terms of trade, capital, information and people flows'. He will lead the school’s new Center for the Globalization of Education and Management."

Excerpt from Marketplace -- "'Cost reduction. It’s the economics,' says Ed Glickman, executive director of the Center for Real Estate Finance Research at the NYU Stern School of Business. He says co-workers tend to be young and live in expensive cities like New York or Seattle. For the renter out of home desk-space, co-working can literally pay off. 'All of the sudden not only do you have company, you have somebody who might give you connections but you also have a way to help you pay your rent,' he says."

Excerpt from WIRED -- "'This kind of technology could be used to see how communities respond to sociologically relevant events like a terrorist attack, a basketball victory, or extreme weather—all things that seem to pull people together,' Haidt said. For example, he says, New Yorkers often say people were nicer to each other in the immediate aftermath of 9/11. 'If you’re tracking people over time, it would be interesting to see if people do more nice things for each other, if they’re more trusting and cooperative, when the local team wins. If there’s a threat, does everyone band together, or do people band together along ethnic lines or lines of similarity?'"

Excerpt from Bloomberg Businessweek -- "Paul Romer, who runs the Urbanization Project at New York University’s Stern School of Business, argues that instead of complaining about London, other U.K. cities should stop restricting real estate development, which drives up housing costs and stunts their growth."

Excerpt from Forbes -- "Does retail therapy remind people of their shortcomings, distract them from cognitive tasks and break down their self-control? The paper suggests that all of those things happen, unless someone tells the person that he made a smart choice in getting the product he hoped would make him more competent."

Excerpt from The New York Times -- "Britain has one of most streamlined systems on the planet, said Kermit Schoenholtz, Mr. Cecchetti's blogging partner and an economist at New York University's Stern School of Business. 'We have one of the most chaotic.'"

Excerpt from The Huffington Post -- "And when, in addition, these corporate actions are praised, and are described as what American companies should do, or even must do, people begin to wonder if something is seriously wrong--and they are right to wonder. Inversions may or may not be important in themselves, but understanding the forces that drive corporate inversions reveals a surprising amount about the cause of two major problems; the problem of extreme income inequality and the problem of stagnating wages in America."

Excerpt from Fox Business -- "'A low sense of power makes people feel less confident and optimistic, meaning that employees will be less likely to believe that speaking up will make a difference,' Elizabeth Morrison, one of the study's authors and a professor at New York University's Stern School of Business, told Business News Daily. 'This feeling of "why bother?" has been found to be a strong inhibitor to speaking up.'"

Excerpt from The Huffington Post -- "The Stern School believes in the tremendous potential of individuals to solve global problems through the power of business. As business students trained in mindfulness move into leadership positions, they will bring with them a new paradigm for leadership excellence that drives business results while focusing on compassion, self-awareness, courage and resilience personally, interpersonally and organizationally."
 

Excerpt from NBC News -- "'Many people don’t want to feel like they have been left behind,' said Russ Winer, professor of marketing at the NYU Stern School of Business. 'If you’re with out with someone and they pop out a flip phone, someone is bound to make a joke about it.'"

Excerpt from Reuters -- "Hong Kong finds itself on the wrong end of Xi’s reform plan: Hong Kong used to matter to Beijing economically, now it matters politically. That’s absolutely the wrong way around. To the extent that economic liberalization bears fruit, Hong Kong will no longer serve such a useful role as the Western face and gateway into China. As China pushes forward with a Free Trade Zone in Shanghai, it will cannibalize many of Hong Kong’s unique offerings for foreigners looking to do business. And Hong Kong is no longer as integral to the Chinese economy: in 1997, it accounted for 15.6 percent of China’s national GDP. Last year, it fell below 3 percent."

Excerpt from Financial News -- "Surely, a new set of more conservative and transparent mortgage-backed securities that would appeal to institutional investors (especially in this low interest rate environment) can be created, but it will take a combined effort of the banking industry, credit rating firms and public regulators to make it work. They will have to co-operate to establish a new set of standards for what goes into the securities, how they are to be analysed and rated, and how regulatory safe harbour rules will work to enable the issues to be underwritten."

Excerpt from NPR -- "To be sure, awe is a multi-faceted emotion, and one that's only recently become the target of systematic psychological research. In an influential 2003 paper, psychologists Dacher Keltner and Jonathan Haidt argued that awe is characterized by two central features: vastness and accommodation. Vastness describes the experience of something larger than the self, whether that vastness is a matter of physical size or of metaphorical size, such as great power. Accommodation refers to the need to modify one's current mental structures to make sense of the experience — whether or not such modification is actually enacted or succeeds."

New York University Stern School of Business today announced that Pankaj Ghemawat will join its faculty in September 2014. Ghemawat will be a professor in Stern’s Management & Organizations department, where he has served as Distinguished Visiting Professor of Global Management since September 2013.

Excerpt from Forbes -- "A study based on all drivers who competed in F1 races between 1981 and 2010 has revealed that although it is of course good to good to hire a top-performer, his average performance decreases when his team-mate has the same level of prior success and is therefore pushed to compete for the same positions. The study was led by the expert Dr Paolo Aversa, Cass Business School lecturer in strategy at City University in London, together with Professor Gino Cattani of Stern Business School at New York University and Dr Alessandro Marino from the management department of Luiss University in Rome. …. The study identifies two main reasons to justify its conclusion that as the difference in previous performance among top-level drivers working in the same team decreases so too do their individual results."

Excerpt from Bloomberg Businessweek -- "Apple could foster the creation of such integrated ecosystems, by adding payment software and services to its tightly integrated family of products. By detecting an iPhone’s location, retailers could push coupons to customers as they shop, or even let people order food based on the show they are watching. 'It sounds like fiction, but it’s going to be fact,' said Anindya Ghose, a professor of marketing at New York University’s Stern School of Business."

Excerpt from American Thinker -- "In 2012, NYU social psychologist Jonathan Haidt, with collaborators, published a paper detailing how liberals and conservatives view each other. Haidt, et al, wrote: 'Across the political spectrum, moral stereotypes about “typical” liberals and conservatives correctly reflected the direction of actual differences in foundation endorsement but exaggerated the magnitude of these differences. Contrary to common theories of stereotyping, the moral stereotypes were not simple underestimations of the political outgroup’s morality. Both liberals and conservatives exaggerated the ideological extremity of moral concerns for the ingroup as well as the outgroup. Liberals were least accurate about both groups.'"

Excerpt from CNC World -- "This would be largest IPO in history. I think a lot of people misunderstand the size of an IPO by looking at what it actually offers on the offering day, but in terms of value of the company that's implied in that offering, this would be the largest IPO in history, much larger than Facebook..."

Excerpt from OZY -- "'The old conjecture — through the ’90s — was that Internet shopping would make everybody more price-sensitive,' explains Priya Raghubir, chair of the marketing department at NYU Stern School of Business. Which should get you a better price. But there’s a 'more recent phenomenon' at play here, she says: The consumer might be worse off. ... Company priorities are shifting, too, says Anindya Ghose, a marketing and IT professor at Stern. They once channeled much of their strategy budgets to advertising and marketing. Now they’re redirecting some of those millions to pricing strategy, a 'historically underinvested sector,' with investments in technology, data and analysis that help companies reach that sweet spot where you’ll still buy their stuff but they’ll make the most money."

Excerpt from Financial Times -- "Today, I’m a few weeks into my MBA journey and if there’s one thing I’ve learned thus far it’s this: business school is a perfect melting pot of disciplines. If you think you’re from a non-traditional background, you’ll quickly learn that 'non-traditional' is a label that does not really exist. My classmates are not only bankers, marketers and consultants, but also doctors, designers, politicians, Olympians, lawyers, veterans, actors, and more. Business schools love candidates from diverse fields. What matters most is the unique perspective you’ll bring to the classroom and the relationships you will build with those around you."

Excerpt from Pacific Standard -- "...Burtch and colleagues Anindya Ghose and Sunil Wattal went to 'one of the world’s largest online crowdfunding platforms,' as they describe it in their paper, and proposed a simple experiment... they found a privacy effect, meaning about five percent more people gave when they had to pay first and select privacy options later. But the authors also found what they termed a publicity effect: When users saw the privacy options last, those who went through with a contribution gave $5.81 less on average, the net result of fewer very large or very small (but still non-zero) amounts."

Excerpt from Financial Times -- "'Most firms don’t have a vice-chairman,' says Professor David Yermack of the New York University Stern School of Business. 'They are fixers, who can lunch with important clients or regulators. But they have no operating responsibilities.'"