Experience Stern | News & Events

Excerpt from Forbes -- "Among the products being developed is Databetes, a forthcoming app that will provide self-management support tools for patients with diabetes. Kinvolved similarly bridges technology and social enterprise by developing online applications to increase school attendance among low-income students, engaging parents in the process."

Excerpt from Business Insider -- "In a followup to their 2008 paper on CEO compensation, Xavier Gabaix, Augustin Landier, and Julien Sauvagnat just released a paper looking at how CEO compensation decreased and rebounded as a result of the crisis...During the crisis (2007 – 2009), average total firm value decreased by 17%, and CEO pay decreased by 28%. During 2009-2011, we observe a rebound of firm value by 19% and of CEO pay increased by 22%."

Excerpt from CNBC -- "We thought that it would take about a trillion dollars to rescue the financial sector in the middle of the financial crisis of 2008. Three or four years later it was about half of that amount during the debt ceiling debate in the summer of '11 and now it's down to half of that again, $350 billion. It really looks like the banks are much stronger than they were anytime in the meantime."

Excerpt from The Wall Street Journal -- “'The relevance of accounting information in financial reports is decreasing at an alarming rate,' says Baruch Lev, an accounting and finance professor at New York University’s Stern School of Business. 'What investors need is a comprehensive picture of the business model of a company and how it is executed.'”

Jill Kickul, director of Stern’s Program in Social Entrepreneurship, spoke about “Hybrid Models for Social Enterprises” at the 2013 orientation training for the Aspen Network of Development Entrepreneurs (ANDE), a global network of organizations that fosters entrepreneurship in emerging markets.

Excerpt from The New Yorker -- "Even the names people choose for their children vary from simple to complex, and that decision determines some of their outcomes later in life. With the psychologists Simon Laham and Peter Koval, I found that people prefer politicians with simpler names—and lawyers in American firms with fluent names rise up the legal hierarchy to partnership more quickly than their non-fluently named colleagues."

Excerpt from Financial News -- "This year in particular, bank boards have set high expectations for good governance. Let’s hope they will deliver. There is no margin for error at the top these days and retribution, from shareholders and regulators alike, will be swift if further scandals are unearthed."

Excerpt from Reuters -- "'The immediate implications for investors and employees will be significant, but for the market as a whole they will be small,' said Stephen Brown, a professor who focuses on hedge funds at New York University's Stern School of Business."

Excerpt from Forbes -- "The longer funding duration helps raise more awareness and generate more buzz and word of mouth and that actually translates into better project outcomes in terms of consumption."

Excerpt from CNBC -- "A lack of inflation is a key driver for gold losses and global prices are falling despite quantitative easing doubling or even tripling the money supply in most advanced economies, he noted. 'The reason (for this) is simple: while base money is soaring, the velocity of money has collapsed, with banks hoarding the liquidity in the form of excess reserves. Ongoing private and public debt deleveraging has kept global demand growth below that of supply.'"

Excerpt from Real Simple -- “'We gave people the same amount of money in either high or low denominations, then told them they could keep the money or spend it,' says Raghubir, a professor of marketing at New York University’s Stern School of Business, in New York City. Each time they ran the experiment, the results were the same: When given a large bill, consumers held on to it. When they got a small amount in small bills, they spent it—often on impulse items, like candy."

Excerpt from Project Syndicate -- "The run-up in gold prices in recent years – from $800 per ounce in early 2009 to above $1,900 in the fall of 2011 – had all the features of a bubble. And now, like all asset-price surges that are divorced from the fundamentals of supply and demand, the gold bubble is deflating."

Excerpt from The Globe and Mail -- "Baumol's cost disease – an economic theorem often proven empirically and named after the economist William Baumol – shows that wage gains always outstrip productivity improvements in the public sector. Baumol's cost disease poses a huge challenge for provincial governments, whose services – health, education, social services – are very labour-intensive."

Excerpt from The New York Times -- "Nearly all economists, including those who express concern over income disparities of the 1920s, count multiple factors at work preventing recovery in the 1930s. They do not blame stock prices, or even President Coolidge. Yet it is human nature to believe that when an event follows an event, the first event causes the second. The misery of the ’30s was of such magnitude, or so the narrative suggests, that most people want to believe it must have been preceded a force of similar magnitude. Post hoc, ergo Gatsby."

Excerpt from Harvard Business Review -- "Many people feel disconnected from the individuals they’ll be in the future and, as a result, discount rewards that would later benefit them. But brief exposure to aged images of the self can change that behavior."

The NYU Stern Center for Measurable Marketing hosted “Measuring and Managing Brands in a Digital World" on May 29. The conference brought together marketing leaders and top academics to discuss best practices in measuring brand equity.

Excerpt from The Daily Beast -- "Karen Brenner, executive director of law and business initiatives at New York University’s Stern School of Business, notes that law tends to lag business practice, leaving wide loopholes. 'When that’s the case, companies are left to their own decision-making processes on what is right, compared with what is legal,' she said."

Excerpt from ABC Online -- "So some people must be unable to appraise or evaluate their own skills accurately. And that's what David Dunning and Justin Kruger found way back in 1999, with their paper entitled Unskilled and Unaware of It: How Difficulties in Recognising One's Own Incompetence Lead to Inflated Self-Assessments."

Excerpt from WIRED -- “'The reduction in price is partly driven by the fact that if the used game market were eliminated, gamers would no longer be able to sell their games and get back some money (so they need to be compensated),' [Ishihara] said."

Excerpt from CBC Radio -- "To me, encouraging the sharing economy is actually very much consistent with nurturing social democracy. I think we just have to figure out what roles does the government have to play and what roles can the marketplaces play on their own."

Excerpt from Business Insider -- "At the GMI Ratings seminar on May 14, NYU finance professor Dr. Baruch Lev spoke memorably about the decline of traditional accounting and our collective hope for a superior model. The relevance of this topic for investors today continues to become clearer, as evidence accumulates about the incidence and systemic repercussions of corporate fraud and misleading disclosure practices."

Excerpt from LiveMint -- "While there is a general euphoria about the introduction of these instruments, it is important to understand why the option of issuing inflation-indexed bonds was not availed in the past few years when inflation levels and uncertainty were significantly greater."

Excerpt from The Wall Street Journal -- "A principal in the consulting firm Global Economics Group and adjunct associate professor at New York University’s Stern School of Business, Rosa Abrantes-Metz applies econometric screening techniques to the detection of conspiracies and market manipulation."

Excerpt from Charlotte Observer -- "This 'catch-up' phenomenon – the reasons for it and the lessons that we in the developed countries can learn from it – is the subject of economist Peter Blair Henry’s impressive new book 'Turnaround: Third World Lessons For First World Growth.'”

Excerpt from Canadian Press -- “'I think there is a balance between what the government should be doing and what the marketplace should be doing on its own,' Sundararajan said."