Experience Stern | News & Events

Excerpt from Mic -- "A recent study from New York University's Stern School of Business found that peer-to-peer apps like Uber and Lyft are designed to induce customer guilt, and thus promote rating inflation. The act of sitting in a car with your service provider, the study found, humanizes them in a way that, say, placing an online order with an anonymous Amazon merchant does not, and as a result, riders tend to give higher ratings."

Excerpt from SmartBrief -- "With a nod to Angela Duckworth, we support the notion of “grit” as the secret ingredient in creating innovative new brands. Gritty people who come up with gritty ideas and can assemble gritty teams with the passion and perseverance to execute every detail brilliantly. Predicting innovation success will always be challenging. That is why the rewards for winners are so high."

Excerpt from American Banker -- "'For economists, one of the things we like about crypto is that it pushes you back to first principles,' said David Yermack, chairman of the finance department at New York University's Stern School of Business. 'It makes you reconsider if we need banks to have banking.'"

Excerpt from Quartz -- "The traits of successful entrepreneurs haven’t changed much in the digital age: You need more builders than branders, and it’s key to have a technologist as part of, or near, the founding team."

Bitcoin has been envisioned as a global digital currency, yet it has not been widely adopted. New research from NYU Stern Professor Kose John, PhD candidate Franz Hinzen and co-author establishes that Bitcoin’s limited adoption is inescapable due to its technical design.

Continuing an annual tradition, faculty and guests gathered to celebrate NYU Stern’s community of exceptional scholars and teachers, and to recognize their many contributions to the School’s ongoing success at the 9th Annual Faculty Excellence Dinner.

Excerpt from Just Food -- "The findings from the NYU Stern-IRI study point up the increasing reality that sustainable business is good business, as does the results from a 2018 report by Nielsen, which found that sustainability sells."

Excerpt from the Australian Financial Review -- "'Once you go down this road it’s clear it’s hard to pull back,' says Lawrence J. White, professor of economics at New York University Stern School of Business, and a specialist in financial regulation and bank behaviour."

Excerpt from Seeking Alpha -- "Now the investing world has become a lot flatter, especially in the US. I can't think of too many competitive advantages that you would have at Goldman Sachs as an equity research analyst over some person sitting at their own computer. If you're going to create value in this business now, you've got to think of what else you bring to the table. It can't be that you have better data, it can't be because you have a more powerful computer - it's got to be something else, and that's made investing a lot more difficult than it used to be."

Excerpt from BuzzFeed News -- "'Everything these companies do, at first, is driven by the short-term desire to stake a small share of the attention economy and to engage users just long enough to attract early funding. Only later does the medium view start to matter, and the long view doesn’t matter at all until very late in the game,' explained Adam Alter, author of Irresistible, a book about the rise of addictive technology."

Excerpt from Bloomberg-- "The United States is better off if we're negotiating on behalf of the United States, but with the interests of other developed countries aligned with what we're trying to achieve in terms of a level playing field, fairness, absence of intellectual property theft, and so on. So I think it's good news in the sense that we're not going to pick a fight with the Europeans at the same time, or at least we may not. And that makes it easier... to focus on the Chinese negotiations and not overload the team."

Excerpt from Law.com -- "The report, 'SEC Enforcement Activity: Public Companies and Subsidiaries—Midyear FY 2019 Update,' was released Wednesday by the New York University Pollack Center for Law & Business and Cornerstone Research."

Excerpt from Clear Admit -- "After an eight-month competition, NYU Stern announced the six winners of its annual Entrepreneurs Challenge. Spearheaded by the W.R. Berkley Innovation Labs, the venture competition offered more than $300,000 in cash prizes and pro-bono startup services to the most promising innovators at the school. In total, 243 teams and 500 students, faculty, and alumni participated in three competition tracks."

Excerpt from MiM Guide -- "The program allows professionals worldwide to benefit from an NYU Stern graduate education without having to relocate, and provides the convenience of being able to learn at the time and place that works best for each student."

U.S. Securities and Exchange Commission enforcement actions against public companies and their subsidiaries remained at near-record levels through the first half of the 2019 fiscal year, which ended March 31. According to a report released today by the NYU Pollack Center for Law & Business and Cornerstone Research, enforcement actions reached these levels despite the federal government shutdown that led to a one-month period during which the SEC suspended non-emergency enforcement operations.

Excerpt from Fast Company -- "Panos Ipeirotis, a leading researcher most known for his work tracking the ebbs and flows of MTurk worker demographics, estimates that 2,000 to 5,000 workers can be found on the MTurk platform at any given moment."

Excerpt from the Harvard Business Review -- "Sometimes it’s even motivating just to know that your rival is out there. And I know you’re familiar with the evidence on this, but I’ve just been floored by Gavin Kilduff’s research on how much your rivals’ success can affect your own."

Excerpt for Business of Fashion -- "To be sure, more work is being done to establish the business case for sustainability. For instance, New York University’s Stern School of Business is working on a project to assess the return on investment apparel companies can expect from environmental and social initiatives."

Excerpt from MetroMBA -- "The NYU Stern School of Business offers full-time MBA students a chance to specialize in real estate. According to the school, it 'provides rigorous training in the development, investment, and financing of real estate projects.' Students who choose the specialization are taught to think strategically about real estate in primary and secondary markets including the legal, taxation, and regulatory environments they’ll encounter."

On Tuesday, May 14 and Wednesday, May 15, the NYU Stern School of Business will co-host the JOIM-NYU Stern Conference on AI and Finance.

Excerpt from TRT World -- "The very public nature of this conflict is going to make it very difficult for either country to back down."

Excerpt from Retail Dive -- "You always walked into the store because you saw them as an authority that would help you. Today that authority has become YouTube, or it’s your friend. All you’re really doing is trying to confirm what your mind has already made up."

Excerpt from Poets & Quants -- "'I would not be able to put a price on the network I have built at NYU Stern. I think most MBA students would agree, your classmates are the most valuable part of this experience. I have met some truly high caliber people through NYU Stern and made some lifelong friends.' - Christopher Costello. 'In my time at Stern, I’ve worked on projects for companies across a multitude of industries, helped plan a national conference for Reaching Out MBA (ROMBA), and studied abroad at the London Business School. Each experience has shown me just how much I can stretch myself in a multitude of capacities and further confirmed the importance of being able to work with a wide range of individuals.' - Andrew Kwan"

Excerpt from The Africa Report -- "A new report by NYU-Stern titled 'Made in Ethiopia: Challenges in the Garment Industry’s New Frontier; found that factory workers earn $26 per month, by far the lowest wage in the world. It’s an appallingly low figure, even by the already low-wage standards of the global garment industry."

Excerpt from Marketplace -- "I think it's really interesting to see how proactive LVMH has been in taking a stand and addressing the issue [of culturally insensitive designs] from the inside out with the acquisition."