Experience Stern | News & Events

On Friday November, 8th, the Stern Technology Association will host TechCon, featuring a conversation between MBA students and Tech industry leaders about the challenges, trends and innovations in the industry.

Excerpt from The Economist -- "Illiquidity matters less if investors have longer horizons. A pioneering paper by Yakov Amihud and Haim Mendelson, published in 1986, posits that investors with the shortest horizons hold securities with the lowest trading costs; and bonds that are relatively illiquid are held by long-term investors, who can spread the higher trading costs over a longer holding period."

Excerpt from Refrigerated & Frozen Foods Magazine -- "NYU Stern Center for Sustainable Business (CSB), New York, and IRI, Chicago, launched a new Sustainable Market Share Index, an in-depth analysis of consumer purchases of products marketed for their sustainable attributes. The research finds that sustainability-marketed products are responsible for more than half of the growth in consumer packaged goods (CPGs) since 2013."

Excerpt from Business Insider -- "But NYU Professor Priya Raghubir says the real key to Target's success is that you don't actually regret buying anything. Those unplanned purchases, they're often things people do want, they just haven't thought of putting them on their shopping list."
 

Excerpt from Risk.net -- "From tariff spats to terrorist threats, geopolitical risk is a persistent driver of securities prices and financial markets. But according to Robert Engle – the NYU Stern economist who won the Nobel prize for his work on measuring volatility – market-watchers may be overestimating the impact of global tensions."

Excerpt from The Wall Street Journal -- "‘The idea that US markets are the most competitive in the world has been widely accepted in economics for several decades,' economist Thomas Philippon writes in 'The Great Reversal.' The thrust of his argument is that this idea is largely a myth. Even before the financial crash of 2007-08, he says, many Americans felt that there was something not right about the economy—that it wasn’t performing as advertised."
 

Excerpt from Bloomberg Quint -- "Raghu Sundaram, dean of New York University’s Stern School of Business, No. 13 in the ranking, says he heard from the director of operations and technology at Citigroup Inc. and the chief information officer of Goldman Sachs Group Inc. 'They had people with an excellent grasp of business or an excellent grasp of technology, but not both,' he says. 'One of the first things we did was set up an advisory board and ask them what we should be doing.' The result is the 12-month Andre Koo Technology and Entrepreneurship MBA, which started in May 2018 and prepares 40 students for technology roles."

Excerpt from Fortune -- "Luckily for the planet, research from the New York University Center for Sustainable Business (CSB) shows shoppers aren't all talk but are actually following through with buying more sustainable goods. 'Across virtually every category of consumer packaged goods (CPG), sustainability is where the growth is, which I think tells you something about where consumers are,' CSB Director Tensie Whelan tells Fortune."

Excerpt from Poets and Quants -- "That was the stunning finding of a paper by Poets & Quants’ Professor of the Week, Sandeep Dahiya of the McDonough School of Business at Georgetown University, along with David Yermack of New York University Stern School of Business. Their working paper, 'Investment Returns and Distribution Policies of Non-Profit Endowment Funds,' was published in May by the European Corporate Governance Institute."

Excerpt from Retail Dive -- "'[ABG CEO] Jamie Salter's openness to evaluate a strategy that had not been in consideration just a week ago shows he brings promise with a business model that otherwise could have meant that the Barneys brand as we know it would die a slow death,' Thomai Serdari, professor of luxury marketing and branding at New York University's Stern School of Business, said in an email to Retail Dive."
 

Excerpt from Yahoo Finance -- "'I think it's likely that there will be some deal. It might not be a 100% deal, but it's likely to be an 80% or 90% deal by December. That would mean that tariffs would fall, and I don't think I agree 100% with Goldman when they say they expect tariffs to persist... My expectation is that there is going to be a deal and a big percentage of the tariffs are going to disappear by the beginning of 2020.'"

Excerpt from Bloomberg -- "'At this point it looks like Uber is trading of growth for profitability. I think that in the long run once autonomous vehicles actually become a reality, the growth potential of this sector is going to be immense. What I've been hoping is that Uber can hold on, continue to grow steadily until that point without paring back on user growth and going after profits too soon. I think today's numbers are telling us that their CEO is focused very heavily on profitability, whether than taking the Amazon strategy of saying 'we're profitable in some of these markets, let's sacrifice profits for growth.'"

Excerpt from Financial Times -- "The policy would dovetail with Ms Vestager’s revival of so-called interim measures to stop alleged market abuse during an investigation. That was a very welcome decision, says Thomas Philippon, a New York University finance professor and author of a book arguing Europe’s antitrust policy has overtaken America’s."

Excerpt from The New York Times -- “'My impression is that this is a company that does seem to care beyond the bottom line,' said Arun Sundararajan, a professor at New York University’s Stern School of Business. 'But you also have to keep in mind, it is still a highly efficient competitor.'”

Excerpt from Green Biz -- "Consumers today are putting their money where their mouths are. NYU Stern’s Center for Sustainable Business did in-depth research into U.S. consumers’ actual purchasing from 2013 to 2018 and found that a full 50 percent of the growth in consumer-packaged goods came from sustainability-marketed products."

NYU Stern School of Business debuts new brand call to action to thrive in today’s business world.

On Monday, November 4, NYU Stern's Center for Global Economy and Business will host a fireside chat with Federal Reserve Bank of San Francisco President Mary Daly. Professor Kim Schoenholtz, Director of the Center, will lead the conversation.

Excerpt from The Wall Street Journal -- "Still, there are lessons to be drawn from the study, says J.P. Eggers, an associate professor of management and organizations at New York University’s Stern School of Business and an editor of Strategic Management Journal."
 

Excerpt from The Irish Times -- "Michael Posner, who served in Barack Obama’s government between 2009 and 2013, said it was “incumbent” on Cabinet Ministers in Dublin to ratchet up pressure on the big internet companies based in the capital over fake news and false information."

Excerpt from Fortune -- "There's something called concept testing where you test the idea, and then product testing where you test does it live up to the concept. In this case it met or exceeded people's expectations, which were pretty high. But if their suppliers were capacity constrained they should have had a back up plan in case they exceeded expectations."

Excerpt from Investments and Wealth -- "An internationally recognized expert on corporate bankruptcy, high yield bonds, distressed debt, and credit risk analysis, Altman has won multiple awards for his research and has served as an advisor to numerous government agen-cies and foreign central banks. His primary areas of research include bankruptcy analysis and prediction, credit and lending policies, and risk management and regulation in banking, corporate finance, and capital markets."

Excerpt from BBC -- "Susan Stehlik, director of New York University’s management communication programme, says she’s used personality tests in her classes and executive education courses. She likes to think of them as'“great conversation starters” for “conversations that maybe you’re not comfortable having.'"

Excerpt from Quartz India -- "The Shopclues sale, in comparison, reportedly came at a throwaway price: between $50 million and $80 million, according to TechCrunch. That’s just over 7% of the company’s peak valuation of $1.1 billion around three years ago. This valuation meltdown for Shopclues is 'one of the biggest in India’s startup history,' according to Anindya Ghose, a professor of technology, operations, and statistics at New York University’s (NYU) Stern School."

Excerpt from Cosmos -- "There was no better example than in tennis, the researchers say. They found that players committed more double faults when facing an opponent with status momentum. Kakkar and colleagues Niro Sivanathan, from the London Business School, and Nathan Pettit, from New York University, were certainly comprehensive in their endeavours."