Experience Stern | News & Events

Excerpt from Bloomberg -- "The work should yield some of the first pieces of guidance on the rules in the next couple of months, as disagreements over unanswered questions are hammered out through the FASB Transition Resource Group on Credit Losses and American Institute of CPAs forums, [Frederick, partner at PricewaterhouseCoopers LLP] Currie said in a Dec. 4 roundtable discussion by the Ross Institute of Accounting Research at the New York University Stern School of Business."

Excerpt from CFO -- "'It’s extremely important for investors to understand where topline growth comes from,' he said. 'Foreign exchange is mainly beyond managers’ control. Volume is clearly under managers’ control. Price effects are generally long-term, while M&A is frequently transitory. Some companies provide a partial breakdown of these effects, but there’s nothing secret about this information.'"

Excerpt from Glamour -- "Mrs. Obama was pretty uniquely adept at mixing items from the Gap with higher-priced couture to appeal to everyone from millennials to middle-class moms. Consumers could imagine themselves in her clothes, which is harder to do with actresses you see on the red carpet…. she also changed designers frequently and had absolutely no favoritism with what she might wear on a given day."

Excerpt from CNBC -- "'It's basically young people saying they have no faith in our institutions,' Galloway told CNBC's 'Squawk Alley' Tuesday. 'As we lose faith in institutions, it goes up.'"

Excerpt from Bankrate -- "When you use plastic, you’re liable to spend more than when you just fork over cash. One study by Priya Raghubir and Joydeep Srivastava, published in the Journal of Experimental Psychology: Applied, found that participants spent 21 percent more preparing a Thanksgiving dinner when they used a credit card ($175) compared to cash ($145)."

Excerpt from Bloomberg View -- "Our empirical findings support the hypotheses, showing that ambiguity significantly affects stock market returns. That is to say, investors act as if they consider the degree of ambiguity when they price financial assets. The findings provide strong evidence that individuals exhibit ambiguity aversion to favorable returns and love for ambiguity for unfavorable returns."

New York University Stern School of Business Professor Nicholas Economides is available to provide commentary on the current state of net neutrality leading up to and after the Federal Communications Commission’s (FCC) scheduled vote this Thursday, December 14th, 2017.

Excerpt from Global Finance -- "The financial case for sustainability is the high correlation between good environmental and social governance performance in a company and good stock performance, lower cost of capital and better operational performance. We don’t really know why, because companies are not tracking the ROI on their sustainability investments; although they do track operational efficiencies like energy savings."

Excerpt from The Wall Street Journal -- "Mr. Brenner, a early pioneer of volatility research whose work was profiled in The Wall Street Journal in March, and Mr. Izhakian are turning the concept into a gauge of current market conditions that they hope will be useful for market watchers. They came up with the measure by analyzing market returns in five-minute increments. Their research is due to be published in the Journal of Financial Economics."

New York University Stern School of Business has named Richard Berner, currently the first Director of the Office of Financial Research, as the first Executive-in-Residence of the School’s Center for Global Economy and Business, effective January 1, 2018. Berner will also serve as an adjunct professor in the Department of Economics. 

Excerpt from the Golf Channel -- "If we take an amateur golfer who plays five rounds of golf a week over a two year period, the chance of getting sixty holes in one is less than one out of one trillion to the tenth power. He has a better chance of getting twenty straight royal flushes if he plays poker. It is basically impossible."

Excerpt from Mother Jones -- “There’s probably a strong case to be made that we are chemically addicted to fake news,” says Amy Webb, an author and futurist who founded the Future Today Institute. “When you’re seeing your angers and fears and anxieties being validated externally, you get a shot of dopamine.”

Excerpt from The Bridge -- "Train employees to speak up in the moment: 'Many employees are intimidated by power and will be unwilling to give feedback to someone who has offended them,' says Stehlik. However, 'if you can stop these behaviors at the first step, you will be much better off.'"

On December 8-9, NYU Stern will host the NYU 2017 Conference on Digital, Mobile Marketing, and Social Media Analytics. 

Excerpt from the International Business Times -- "'At the moment there’s a buying frenzy because people expect it to go up,' Dhar told IBT. 'When the futures are on track and professionals start trading it, several years after that maybe we’ll have enough data to come up with machine-learning based strategies...right now all we’ve seen is one little period where it’s moonshot. There’s no real basis for building a strategy.'"

Excerpt from BusinessBecause -- "'FinTech is one of the fastest growing segments of the economy. Five financial functions are being disrupted—payments, how money is transferred, markets, insurance and capital allocation,' NYU Stern clinical associate professor of finance Kathleen DeRose explains. ... 'Jobs started to change at the big banks, which became increasingly interested in people graduating with skills in big data,' [Yermack] explains. 'AI and machine learning are changing the profile of finance jobs and the nature of work, [which] will increasingly focus on programming these machines and pointing them to the right data, and working on hardware and software updates.'"

Excerpt from Luxury Daily -- "The best way to remain ahead of the curve is to look outside one's industry. For example, a fashion company should be studying what is happening in product design or architecture. This will impact not just the form of the new collection but possibly its structure and perhaps even its production process. Innovation stems from interdisciplinary thinking, not from a singular one."

Excerpt from Forbes -- "Driverless cities and increased e-commerce will include more delivery trucks, pedestrian walkways, bicycles, amphibious planes, helicopter taxis, drones, more time for mobile usage in autos, and potentially more time socializing in more shared, carpool vehicles."

Excerpt from Entrepreneur -- "Talking about the immediate reforms needed in the system, Ghose said, 'We need to encourage skills in design thinking, creative thinking, unstructured project management, and the ability to adapt and drive in changing environments.'"

On December 7, NYU Stern’s “In Conversation with Lord Mervyn King” Series welcomed Fareed Zakaria, host, CNN’s Fareed Zakaria GPS, and columnist, Washington Post.

This program is designed for those who wish to better understand and further develop their skills and propensity to lead others. Therefore it is appropriate for individuals who are managing other people or teams or individuals with significant leadership responsibilities.

Excerpt from ValueWalk -- "In a new article in Financial Analysts Journal, Lev and co-author Feng Gu continue to advance the findings on intangibles. The article, 'Time to Change Your Investment Model,' identifies that earnings prediction has lost 'much of its relevance in recent years.' As a form of predicting corporate results, 'earnings no longer reliably reflect changes in corporate value and are thus an inadequate driver of investment analysis.'"

Excerpt from The Washington Post -- "'The same forces that are making it more pricey as a business are the same forces that will make more people get interested,' Damodaran said."

Excerpt from Clear Admit -- "The Fubon Center will support and facilitate collaboration in areas such as fintech, business analytics, technology, and entrepreneurship. It will also serve as a new nexus for continuous innovation at NYU Stern by strengthening industry ties and promoting cutting-edge research. Additionally, the Fubon Center will help to shape future coursework and encourage academic collaboration between NYU Stern and National Taiwan University, Tsai’s undergraduate alma mater."

Excerpt from CNNMoney -- "'Almost every industry in the United States has become more concentrated over time. That's for sure,' said Thomas Philippon, professor of finance at New York University. 'All this consolidation has led to less competition, and higher costs for consumers.'"