Experience Stern | News & Events

Excerpt from Forbes -- "Less speculative appraisals suggest a lower number; a fine-mined analysis by Aswath Damodaran, a finance professor who teaches equity valuation at NYU's Stem School of Business, pegged Uber's intrinsic worth at $6 billion."

Excerpt from Business Insider -- "While the Fed (or any central bank) does sometimes make generic (and opaque) statements about overall market valuations, it is unusual for it to be this specific about individual sector valuations. In my view, it not only over stepped its bounds but strayed far from its expertise, which is not valuation."

Excerpt from Business Insider -- "New York University’s Stern School reported an impressive 11.3% drop in average MBA debt to $93,832 from $105,782 in 2012. Stern Dean Peter Henry says a major concern for him is “accessibility” to higher education. One of his top priorities is to raise more money for scholarships for both undergraduate and graduate students. The reason average debt is down at Stern, he says, is increased funding for scholarships and a new program that forgives loans if a graduate pursues a career in the social sector."

Excerpt from Marketplace -- "'For there to be trades, there have to be differences of opinion,' says Lawrence White, a professor of Economics at the NYU Stern School of Business. 'Somebody has to think, "It’s a good time to buy!" and somebody else has to think, "It’s a good time to sell!" When trading volumes are lower, it just means there’s less diversity of opinion, more consensus.'"

Excerpt from The Wall Street Journal -- "In research recently published in Strategic Management Journal, a trio of business-school professors from New York University, Harvard University and the University of Southern California examined the effect that Craigslist had each time it launched in a different local market, from 2003 to 2008. The online-classifieds company is a popular online marketplace for fans looking to buy and resell tickets. They found that after Craigslist launched in a given vicinity, regardless of the market size or geographical location, promoters generally reacted by raising prices along with booking smaller venues or taking other measures to get shows closer to selling out. It is generally more profitable to sell out a venue with fewer seats at higher prices than to sell only a portion of the available tickets at a bigger venue."

Excerpt from Quartz -- “Detroit is a long way from Dhaka, but the American city’s effort to address blight offer lessons for cleaning up the garment sector in Bangladesh. Released in May, the Detroit’s Blight Removal Task Force’s plan (pdf) offers a practical vision for addressing the more than 78,000 dilapidated buildings that are the primary obstacle to the city’s growth and vitality. In the year since the factory collapse in Dhaka, which killed more than 1,100 garment workers, brands and policymakers have focused on improving inspection in a subset of factories producing for the export market. … The next important step for Bangladesh—and the brands and retailers that depend on the country’s apparel sector—is developing a comprehensive plan for relocating, closing, and fixing factories. Here’s where Detroit can help.”

Excerpt from Project Syndicate -- "The global economy is a far more highly interconnected place than it was 40 years ago. The cross-border flows of goods, information, people, and capital that are its lifeblood rely on a threshold level of safety, stability, and predictability. It is this threshold that appears to be under threat. Continued economic progress in the developing world and recovery in the developed countries requires preventing local and regional conflict from delivering large systemic shocks."

Excerpt from Fortune -- "'It is hard to say, based on the results, whether the activist investor is doing anything beneficial for the company or whether the activist investor is just a good stock picker,' says Yakov Amihud, a finance professor at New York University’s Stern School of Business."

Excerpt from TIME -- "'People are seeking out human connection in our day-to-day economic transactions,' says Arun Sundararajan, a business professor at New York University who studies these budding economies. 'There is a noneconomic value that comes from giving your stuff to other people'"

Excerpt from Quartz -- "'It’s a reflection of the fact that Bangladesh is at the beginning of the chain for manufacturing.' said Sarah Labowitz, a research scholar on business and human rights at NYU Stern School of Business, and a co-author of Stern’s report on supply chains and sourcing after Rana Plaza (pdf)."

Excerpt from Fox Business -- "'Consumers seem to prefer many small discounts to a few large ones and their perceptions of average prices do not drive their store choices,' the researchers wrote. 'One reason consumers find these retailers so attractive is that their product prices tend to be cheaper than those of their competitors on the majority of shopping trips.'"

Excerpt from The New York Times -- "Russ Winer, a professor of marketing at the Stern School of Business at New York University, said the campaign was 'an important thing for Ryder to do' for businesspeople who have misperceptions about its current strategy."

Excerpt from Associated Press -- "While companies sell Fair Trade food, clothing and bedding products because they believe in being socially responsible, the goods can also be part of a marketing strategy, says Russell Winer, a marketing professor at New York University's Stern School of Business. Sixty percent of shoppers are willing to pay the higher prices that Fair Trade items tend to have, according to a 2013 study he co-wrote."

Excerpt from Slate -- "A 2008 paper by Xavier Gabaix and Augustin Landier concluded that the entire 'six-fold increase of U.S. CEO pay between 1980 and 2003 can be fully attributed to the six-fold increase in market capitalization of large companies during that period.'"

Excerpt from The Guardian -- "[Michael] Posner, now a professor at New York University, called Tye 'conscientious, diligent and honest. A very dedicated public servant'. Posner declined to give his own perspective on 12333 or Tye's op-ed, but commented: 'I am broadly concerned that there needs to be a broader public debate about the scope of US surveillance, the consequences for privacy, and the way information is both collected and used.'"

In a new study, NYU Stern Professor Vicki Morwitz and her co-authors, Shai Danziger of Tel Aviv University and Liat Hadar of the Interdisciplinary Center Herzliya, find that consumers who try to maximize savings will choose retailers that they believe offer lower prices more often.

Excerpt from E-Commerce Times -- "Since secrecy is such an integral component, it seems a little surprising that Secret would want to add Facebook integration, said Anindya Ghose, professor of IT and marketing at New York University and co-director of the Center for Business Analytics at NYU Stern. ... 'At first glance, it seems counterintuitive to me. The foundation of Secret is based on preserving anonymity. A potential integration with Facebook can jeopardize the comfort feeling that current users have with this app,' Ghose suggested."

Excerpt from Bloomberg -- “'People who are conservative can unload the stock because there’s probably a line around the block of hedge funds and risk arbs that are willing to take the risk,' said Charlie Murphy, a professor of investment banking at New York University’s Stern School of Business. 'There’s a lot of demand out there because it’s a really exciting deal.'”

Excerpt from The New Yorker -- "This isn’t to say that TaskRabbit is to blame for the present state of affairs; in fact, it’s probably helping underemployed people find work that might otherwise have been difficult to track down. 'Increasing demand for relatively low-skilled people is an attractive proposition,' [John] Horton told me. 'Sometimes the sharing-economy rhetoric is sort of BS-y. It really is rich people buying from poor people. But that’s not necessarily a bad thing.'”

Excerpt from SF Gate -- "NYU business professor Arun Sundararajan said he sees the change as a positive. 'It counters the argument that these platforms are creating low-wage jobs that will suck the life out of the economy,' he said. Services like Homejoy that provide training, employee background checks and other features, 'are creating a more valuable product so they can charge a higher price.'”

Excerpt from Ignites -- "Bad bosses are typically insecure, says Anat Lechner, a business management professor at the Stern School of Business at New York University. Currying favor across the organization can help provide cover. 'If you establish yourself as central to the network within your workplace, your boss is not going to target you,' Lechner says. 'By targeting you, [your manager] is going to be alienated by many more people.'"

Excerpt from CFA Institute -- "I don’t think there is one right way to do investing. The markets accommodate all these different points of views, and actually there is money to be made [using many of these approaches] although it’s getting harder all the time. People have the same skill sets, and they are all pretty well tagged up."

Excerpt from Financial Times -- "Relying on cyclical patterns to judge economic and financial trends may not be as dependable as it once was because of the structural changes in financial markets. Compared with just a few decades ago, financial markets are huge, trading activity is huge and financial assets are highly concentrated in relatively few institutions that are deemed too big to fail."

Excerpt from Stars & Stripes -- "Professor J.P. Eggers at the New York University Stern School of Business, said the new leadership also needs to evaluate middle managers to figure out whom to empower and whom to sideline. 'I would thoroughly expect that there would be a number of interviews [and] conversations to try and identify … the ones who are too far gone to save in terms of their commitment to the existing status quo, versus the ones who have the potential for leadership, who have the reputation within the organization, and will have the willingness to push for change; and finding ways to get those people as involved as possible in identifying problems [and] identifying solutions,' he said."

Excerpt from TIME -- “'Here you can evaluate the quality of output over time and then decide whether you want to continue subscribing or not,' says Anindya Ghose, a professor of information, operation and management sciences at New York University who also studies crowdfunding. 'It’s a very positive self-reinforcing cycle where people give small amounts of money, which incentivizes artists to do a better job, which then leads people to give more money more frequently.'"