Experience Stern | News & Events

Excerpt from The New York Times -- “'The firms that were the top dogs going into the crisis also happen to have the most resilient business models because they can do everything online,' said Thomas Philippon, a professor of finance at New York University. 'It turns out Amazon was one of the most successful businesses in the U.S., and on top of it, they are the ones who can keep processing orders.'”

Excerpt from Bloomberg -- "We cannot continue with the lockdown as is, but relaxing measures may be trial and errors, says former Bank of England governor and Bloomberg Opinion columnist Mervyn King. Speaking to Daybreak Europe’s Caroline Hepker and Matt Miller, Lord King says the government must suspend the process of businesses going under, whilst state loans may eventually have to be converted into grants for companies."
 

Excerpt from Business Insider -- "The first is what I call my bargain-basement bucket. These are companies that you know will be around after this crisis is done. You're gonna be able to get them at a price you could not have got them three months ago. Travel companies, Expedia, Booking, maybe even a couple of the oil companies, Conoco and ExxonMobil. The second is a much riskier strategy. You're buying stocks that are distressed, potentially could go under, but if they turn around, these could be the companies that pay off tenfold, twentyfold. There, you'd include some of the more troubled airlines, Delta, American, United. There is a chance they will not make it. With a payoff, you get a big upside."

Excerpt from Zeit Online -- "For Menachem Brenner, a financial expert at New York University, that doesn't mean that the market isn't working. On the contrary. 'It's not just about psychology. The enormous uncertainty is real and it triggers volatility.'"

Excerpt from The Wall Street Journal -- "In late 2007, India banned rice exports. Worries about global rice shortages ensued. The U.S. had plenty of rice, but people nonetheless began to hoard, emptying store shelves. An analysis conducted by economists Harrison Hong, Áureo de Paula, Vishal Singh and Christopher Hansman found that prices among reputable retailers were slow to adjust higher, perhaps because the merchants didn’t want to be accused of gouging. Higher-income consumers hoarded more, perhaps because they had greater means, or because they were more attuned to the news on rice shortages."

Excerpt from The Washington Post -- "Moser has also researched the inverse of this phenomenon: restrictive immigration quotas, set in the 1920s, that kept out Eastern and Southern European scientists. Fields these scientists worked in recorded substantially less innovation — primarily because keeping out the foreign-born scientists made native-born ones less innovative."

Excerpt from The Washington Post -- “'There are really two Americas right now,' said Scott Galloway, a marketing professor at the New York University Stern School of Business and author of 'The Four: The Hidden DNA of Amazon, Apple, Facebook, and Google.' 'There is Big Tech and there is everyone else. They can do what very few companies can do, which is play offense in the middle of a pandemic.'”

Excerpt from Frankfurter Allgemeine Zeitung (FAZ) -- "Researchers from the Stern School of Business at New York University have now investigated this in more detail using recently available data on the geographical distribution of friendship relationships on Facebook. As part of the 'Data for Good' project, the company is providing a 'Social Connectedness Index' (SCI), which determines the strength of the social connection between two locations based on Facebook friendships. In this way it can be determined which other places Facebook members of a city have particularly frequent contact with."

Excerpt from Adweek -- "It’s probably music to Jeff Bezos’ ears as he attempts to sell Go technology elsewhere: Anindya Ghose, professor of business at New York University’s Stern School of Business, said cashless transactions are going to get a boost now. 'Because of the pandemic, retailers will quickly adopt mobile payments and other forms of electronic payments,' he said. 'Contactless payments will now be the norm for retailers in many countries around the world.'"

Excerpt from The Guardian -- "Paul Barrett, an expert in disinformation and fake news at New York University, has identified similar trends adding that some malicious actors are feeding off each others disinformation for their own ends. 'It’s a three ring circus of disinformation,' he told the Guardian. 'In the current state of affairs it is almost impossible to pick out one strain and isolate it, because simultaneously Russian and China and Trump getting into the act and imitating each other more and more. It is incredibly difficult for an ordinary citizen to navigate what’s true.'"

Excerpt from Luxury Daily -- "'Bulgari Hotels is creating content that may help entertain those who take shelter at home during the COVID-19 pandemic,' said Thomai Serdari, director of fashion and luxury at Brand(x)Lux and Professor at NYU Stern."

Excerpt from Republic World -- "Will Covid-19 result in the acceleration of automation and will automation become part of our daily life? While presenting his research on how digital technologies transform society Arun Sundararajan, a professor at NYU Stern School of business had said "Crisis can be sort of a catalyst or can speed up changes that are on the way it almost can serve as an accelerant."

Excerpt from Bloomberg Law -- “'Companies now are frantically creating cash-flow models and all types of financial models to try and predict how long can we last with nobody buying our product. But those models are based on estimates. Nobody knows. We don’t know how long we’re going to be quarantined,' said Amal Shehata, an audit and accounting professor at New York University Stern School of Business."

Excerpt from L'Obs -- "Professor of economics and researcher at New York University (NYU), Thomas Philippon built with Callum Jones and Venky Venkateswaran a model to simulate the scenarios of confinement and deconfinement. It seeks to find the point of balance between health and economic constraints. How and when to confine and deconfine to save the most lives while minimizing the loss of economic activity?"

Excerpt from WIRED -- "Amazon did not reply to a query about activity on Mechanical Turk, but Panos Ipeirotis, an NYU professor who has studied Mechanical Turk workers, says he’s seen more Turkers recently from Canada, Italy, and Brazil in particular."

Excerpt from InvestorPlace -- "According to Ed Altman, a professor at the New York University Stern School of Business who created the Altman Z-Score to measure financial distress, a big chunk of so-called investment-grade bonds should be in the junk category already. Altman examined 350 BBB-rated U.S. companies as of the end of 2019 and determined that more than 30% of them, with $600 billion or more of bonds, should have been rated 'junk.'”

Excerpt from AlphaWeek -- "'I had been a CTA for many years, and it was getting harder to make money. Volatility was coming down; interest rates were coming down. The risk was something I began to look at in more detail, and I began to study academic literature and found Robert Engle's work,' says Rothe."

Excerpt from Adweek -- “'The pandemic is an acceleration of what trends were happening anyway,' said Paul Hardart, clinical professor of marketing at NYU Stern School of Business."

Excerpt from Adweek -- "Sustainability matters to consumers. NYU Stern Center for Sustainable Business found that from 2013 to 2018, 50% of CPG growth came from sustainable product offerings and 81% of consumers say that brands should help improve the environment."

Excerpt from Los Angeles Times -- "It will be gradual and guarded, and many businesses will continue grappling for months or even years with significantly lower sales. 'Consumers will not simply flock to restaurants because they are open,' said Tom Meyvis, a marketing professor at New York University who focuses on consumer behavior."

Excerpt from Handelsblatt -- " When futurologist Amy Webb appears at conferences like South by Southwest (SXSW) in Austin, Texas, there is rarely a place left. Thousands follow each year as the founder of the Future Today Institute presents her “Tech Trends Report” . For her analysis, the Professor of Strategic Future Planning at the Stern School of Business at New York University is collecting hundreds of trends and technologies that will become more important in the coming months."

Excerpt from Quartz -- “'This is almost certainly something that can be done in many parts of India as mobile text messaging apps are also very popular in the country and can enable this kind of grassroots coordination in large housing complexes and gated communities of India,' said Anindya Ghose, professor of technology, operations, and statistics at New York University’s Stern School of business."

Excerpt from Bloomberg -- "Unprecedented debt issuance over the years could lead to a historic number of defaults driven by the coronavirus and the drop in oil prices, with a peak coming in 2021, according to Dr. Edward Altman. 'I’m afraid we are going to have a large number of bankruptcies in the next 12 to 24 months,' the Stern School of Business, New York University professor emeritus said in a webinar sponsored by the school on Tuesday."

Excerpt from Financial Sense -- "You might not hear many people talking about the return of inflation right now. Richard Sylla says that doesn’t mean inflation isn’t coming. The NYU professor and co-author of A History of Interest Rates joined Jim Puplava on a recent edition of the Financial Sense Newshour podcast where they discussed the return of inflation, ultra-low interest rates, MMT and the financial impacts from the coronavirus."