Experience Stern | News & Events

Excerpt from Bloomberg -- "... [It] is not just that we claim that earnings don't matter. We actually prove it. In a recent article we published, we show for all companies that even if you had the dream forecasting machine, meaning that you could forecast, you could identify all the companies that will meet and beat consensus next quarter, you are not going to make any money from this."

Excerpt from Cheddar -- "New York City has among the most stringent regulations on short-term rentals, so it makes it increasingly hard to rent your place out on Airbnb relative to most American cities. I think the right regulatory approach is to first recognize that the regulatory boxes that were created for hotels don't fit the typical Airbnb host because this is fundamentally a different business model."

Excerpt from the Financial Times -- "'Carlyle is going about it sensibly, without taking away from the firm the founders’ clout and influence with big investor institutions,' says Mr Smith, a Goldman Sachs partner before he went into academia. 'Others will do the same.'"

On Friday, Oct. 27, the NYU Stern Healthcare Associate (SHA) will host its annual conference themed, “Advancing and Adapting”. The conference will focus on how business is changing the healthcare landscape to meet the needs of the modern patient. 

Excerpt from US News & World Report -- "'...students are going to have no choice but to learn this material in five or 10 years,' [Yermack] says, recommending they start now. Kathleen DeRose, a clinical associate professor of finance at Stern, says this technology has a variety of profitable applications that many companies – including both century-old Fortune 500 firms like IBM and small startup operations – are using. Knowing how to use this technology is a highly marketable skill and could broaden a graduate's employer pool. Matthew Scannella, a Stern MBA student who is pursuing several specializations, including financial technology, says he decided to focus on fintech 'because of its potential to disrupt every vertical within the financial services industry.'"

Excerpt from Risk.net -- "SRisk, a systemic risk measure developed by Robert Engle, a Nobel Prize-winning economist at New York University, figures prominently in the FSVM [Financial System Vulnerabilities Monitor]. It is one of the measures used to track contagion, one of six risk categories covered by the monitor."

Excerpt from The New York Times -- "'If you’re looking for consumers to go after these companies, we’ll be waiting for a long time,' said Scott Galloway, a professor of marketing at the New York University Stern School of Business and the author of a recent book that examines the power of large technology companies."

On October 26, NYU Stern’s Center for Sustainable Business welcomed John McAvoy (MBA ’87), Chairman and CEO of Con Edison, to Stern for a conversation entitled, “How Sustainability Drives Success at Con Edison”.

This program is intended for those who wish to rethink the habits that have made them successful in the past, and challenge the conventional wisdom and industry models that have defined their businesses. To achieve these objectives, this course combines presentations and discussions with practical exercises so that participants can apply disruptive leadership principles to business issues and scenarios.

Excerpt from Yahoo Finance -- "'Over the last five years, if you look at where the Airbnb hosting is in New York City, and who’s generating the revenue associated with Airbnb hosting, it has shifted dramatically out of Manhattan and to the outer boroughs and away from higher income and towards lower income neighborhoods,' said Sundararajan."

Excerpt from BusinessBecause -- "New York University Stern School of Business is one leading figure when it comes to assessing and recruiting EQ talent—the school recently added an 'EQ Endorsement' section to its application. 'EQ differentiates Stern MBA students in their ability to solve problems and tackle challenges,' writes Isser Gallogly, associate dean for MBA admissions and program innovation."

Excerpt from CNBC -- "'I think the better path for bitcoin is to actually make it a digital currency, a currency that you and I can take on our travels and use actually to buy stuff and sell stuff. If that happens, then I'm OK with the pricing,' said Aswath Damodaran, a professor of corporate finance and valuation at New York University's Stern School of Business."

Excerpt from the Financial Times -- "A report this month by Amy Webb of the New York University Stern School of Business envisaged that voice interface and augmented reality technology would be so profoundly disruptive of our lives that most media organisations would come under existential threat."

Excerpt from The Wall Street Journal -- "Now the redeployment of funds has raised new concerns about the EB-5 program, which is facing reauthorization by Congress. For example, the June policy manual 'appears to allow' developers to invest redeployed funds in projects that don’t get as much vetting as the original EB-5 project, according to Gary Friedland, a scholar-in-residence at New York University who has written about the program. 'The investors may unwittingly end up with their money being invested in a much riskier venture than they anticipated,' he said."

Excerpt from Bloomberg -- "Nobel laureates Joseph Stiglitz and Michael Spence are leading a new initiative to find solutions to what they see as a dysfunctioning market economy. The Commission on Global Economic Transformation is aiming to tackle global economic challenges from stagnating growth and inequality to migration and climate change. It intends to meet with elected officials and policy makers to share its recommendations."

Excerpt from TheStreet.com -- "'Valuations are very high,' said Richard Sylla, a professor emeritus of economics at New York University Stern School of Business, who said he keeps a close watch on the more complex Shiller CAPE PE Ratio. 'That's the kind of flashing light warning signal that says we're in territories where valuations are extremely high.'"

Excerpt from Forbes -- "'It is not only a question on how to make money,' concurs Professor Nicholas Economides from NYU. 'It is understanding the structures that create profitable opportunities.'"

Excerpt from Pensions & Investments -- "In my research on the risk anomaly published in the Financial Analyst Journal with Brendan Bradley, Ryan Taliaferro and Jeffrey Wurgler, we explain the superior performance of the lowest risk, most boring, stocks to a combination of investor psychology and constraints on professional money managers."

Excerpt from the Los Angeles Times -- "'It’s easy to imagine that Amazon could offer advantages to online customers,' said Michael Dickstein, an assistant professor of economics at New York University."
 

Excerpt from Inc. -- "There is substantial evidence that women, on average, are less confident about their own abilities than men are. It stands to reason that receiving a signal, in this case via Damore's internal memo at Google, that they are biologically less well suited to high-tech careers might contribute to discouraging some women from entering the field."

Excerpt from Xinhua -- "'I think that the stock market reacted positively to the anticipation or expectation that taxes would go down and that corporations would have greater levels of profitability, while higher level of profitability for corporations leads to higher stock prices,' Robert Salomon, associate professor at the Stern School of Business, New York University, told Xinhua in a recent interview."

Excerpt from Crowdfund Insider -- "New York University’s Stern School of Business announced on Thursday it is set to host its second annual Fintech Conference, which is called The Transformative Potential and Regulatory Challenges of FinTech on November 3rd."

Excerpt from Reuters -- "A year ago, the biggest discussion around the four was whose CEO is more Jesus like and how do you get your kid a job there and all of a sudden everything they do now, we are angry at. So the worm has definitely turned. Now the question is, where does stuff get real? Where do we really start seeing the conflict? And I think many of the major conflicts of the 20th century, a major conflict is brewing between governments and big tech and I believe the war... on big tech is going to break out in Europe."

Excerpt from Luxury Daily -- "'Brands’ investment in art projects serves two purposes,' said Thomaï Serdari, founder of PIQLuxury, co-editor of Luxury: History Culture Consumption and adjunct professor of luxury marketing at New York University, New York. 'On the one hand, it reinforces luxury’s proximity to the arts. On the other hand, it truly positions a brand in front of a well-trained audience with a nuanced aesthetic sensitivity and a higher disposable income.'"

Excerpt from Metro -- "'I think more companies should move to reduce the wage gap by increasing the salaries of people making below 70K in the company and reducing those of the C-Suite,' she says, 'academic studies consistently point to no financial benefit to shareholders of paying the type of salaries CEOs currently command and there is clear societal value in paying people a decent wage.'"