Experience Stern | News & Events

Excerpt from Bloomberg -- "For example, a 2014 paper by John Asker, Joan Farre-Mensa and Alexander Ljungqvist found that 'compared to private firms, public firms invest substantially less and are less responsive to changes in investment opportunities.' Also, there’s evidence that founder-led companies tend to outperform."

Excerpt from The Wall Street Journal -- "Every major industry is vulnerable to disruption, said NYU Stern professor Arun Sundararajan. Managing that disruption, CFOs and other top executives will become more important than ever, Mr. Sundararajan said."

Excerpt from TheStreet.com -- "'This could make sense for smaller, non-systemic banks,' he said. 'For the larger systemic banks, 10% capital may not be enough, or 10% capital alone without other things like stress tests, like closer scrutiny, because these are the large systemic guys, these are the guys who, if they did get into trouble, could have contagion type effects.'"

Excerpt from WIRED -- "'If nothing else, you will see more caution, at least for the moment, in how founders present themselves in public,' says Aswath Damodaran, a professor of finance at NYU's Stern School of Business. ... 'This is a good illustration of how, if you place growth above everything else, it can lead to long-term repercussions for the company,' says Sundararajan."

Excerpt from Recode -- "'The majority of retailers will face this triple threat of stagnant wages in the middle class, a transition away from typical retail goods to more experiences and Amazon/fast fashion,' Galloway said on the latest episode of Recode Decode, hosted by Kara Swisher. 'And also the over-storing of America: We could lose a third of our retail space and probably not miss it.'"

Excerpt from Luxury Daily -- "'It serves two functions. On the one hand, it allows technology to become a very handy platform through which the medium of fashion can be explained, illustrated and preserved all the while reaching a very broad public,' [Serdari] said. 'On the other hand, it also demonstrates Google's unconventional thinking in terms of classifying and discussing fashion.'"

Excerpt from Bloomberg Quint -- "While disagreement among market participants has always been a feature of markets, seldom has there been such a divide between those who believe that we are on the verge of a massive correction and those who equally vehemently feel that this is the cusp of a new bull market, and between those who see unprecedented economic and policy uncertainty and market indicators that suggest the exact opposite."

Excerpt from eTurboNews -- "The McKinsey Global Institute sponsored a conference at the NYU Stern School of Business that focused on 'The Digital Future of Work.' Established in 1990, the Institute is the business and economic division of McKinsey that attempts to understand the evolving global economy. The organization provides leaders in the commercial, public, and social sectors with research and insights on which to base management and policy decisions."

Excerpt from Niche Hunt -- "With the rapidly growing amount of visual brand-related content consumers create on social media, images are a promising tools for marketers and brand managers to track their brands‘ performance.The study, Visual Listening In: Extracting Brand Image Portrayed on Social Media, published in SSRN by Professor Natalie Mizik of University of Washington, Liu Liu and Professor Daria Dzyabura of NYU Stern School of Business, proposes an approach to leveraging image data by extracting scores of brand perceptual attributes expressed in the images."

Excerpt from Bloomberg View -- "We find that funds with greater investment by insiders outperform funds with less 'skin in the game' on a factor-adjusted basis; exhibit greater return persistence; and feature lower fund flow-performance sensitivities. These results suggest that managers earn outsize rents by operating trading strategies further from their capacity constraints when managing their own money."

Excerpt from CBS News -- "The paper's authors -- NYU professors Theresa Kuchler and Johannes Stroebel; Ruiqing Cao, a graduate student at Harvard, and Michael Bailey, an economist at Facebook -- reached their conclusions by analyzing more than 1,200 Facebook accounts in Los Angeles County, noting their interactions with far-flung friends and matching those users, on an anonymized basis, to property transaction records."

Excerpt from the Financial Times -- "According to Scott Galloway, marketing professor at New York University, in the Trump era 'being perceived as a female-friendly firm is just smart'. There is currency for companies in being, or at least appearing, socially conscious, he says, arguing that this has shielded the 'big four' technology groups — Google, Amazon, Facebook and Apple — from scrutiny in Washington."

Excerpt from CNBC -- "'Dodd-Frank is just overly complex and burdensome. For the purpose of making the financial system safer, you can do a lot more of that with less complex and less burdensome regulation,' said Kim Schoenholtz, director of the Center for Global Economy and Business at NYU's Stern School of Business."

Excerpt from The New York Times -- "There are so many things going on. But one of the most dangerous is this new culture of safety-ism. The most important psychological truth I think we all need to know for raising kids or educating students is anti-fragility."

Excerpt from Spiceworks -- "If we go to a system without net neutrality, consumers lose the ability to make those choices. Instead, telecom and cable companies such as AT&T and Verizon are going to make those choices for consumers. The choices are going to be made by the telecom and cable companies, and not by the consumers."

Excerpt from Bloomberg -- "Philipp Schnabl, an economist at New York University, agrees with Brunnermeier that Europe and Japan are the places where ultra-low interest rates may be problematic. 'To emphasize, this is an unusual period we’re coming out of,' he says. 'There’s a lot of uncertainty in anything we say about monetary policy.'"

Excerpt from MarketWatch -- "For instance, Ghose’s research has found that shoppers are more susceptible to pitches from retailers during their commutes, that groups of three people are easier to target than twos or fours, that good and bad weather can be powerful motivators, and that the key to understanding customers is tracking their habits. 'We think we are all very spontaneous, when in fact we are very predictable,' Ghose said."

Excerpt from Psychology Today -- "No, research has found that firing a CEO is the last thing a board should do. Instead, they should hit them where it hurts, in the pocket. Instead, the board of British Airways should draw on insights from our recent study from behavioral science by keeping the executives but asking them to deposit part of their salary and bonus for paying for the losses—that is, BA’s estimated £150 million compensation bill. (Study authors include Chengwei Liu, Ivo Vlaev, Christina Fang, Jerker Denrell and Nick Chater.)"

Excerpt from Poets & Quants -- "Whelan says where climate work is concerned, MBAs today face an unprecedented landscape in which the corporate sector is married with the work of state-level and municipal government. 'For MBAs, it’s about understanding what this means and understanding where the rest of the governments are going and then figuring out how, as a corporate sector with states and municipalities, we can try to claw back some of our reputation so that we can have better relationships with companies and governments overseas,' she says."

Excerpt from Thrive Global -- "You can’t just delete a habit; you have to replace it with something. 'It needs to be different enough that it doesn’t fit the same habit loop,' Alter says, 'but fulfills the same psychological need.'"

Excerpt from Forbes -- "For important business decisions, 'Ask yourself, "Can I trust my data, or might it have sources of bias?"' said Vasant Dhar, a data scientist and professor of information systems at New York University."

Excerpt from the Financial Times -- "...a stellar set of economists has written an anthology of highly useful analytical briefs on virtually all aspects of US economic policy in the age of Donald Trump. Chad Bown of the Peterson Institute has summarised the research effort in a column for VoxEU and the Centre for Economic Policy Research, who publish the book today."

Excerpt from CBS News -- "New York University economist Petra Moser says immigrant entrepreneurs have a long history in the United States. 'Go back as far as Andrew Carnegie, who came from Scotland and then built a very, very large industrial, you might even call it an industrial empire and created many, many jobs,' Moser said."

Excerpt from Investors Chronicle -- "They found that US institutional investors did not trade on the anomaly often enough to arbitrage it away (i.e., drive prices up or down so much that prospective risk-free gains vanished). Two connected reasons lay behind this. First, the anomaly tended to dwell in illiquid stocks that were too small for institutions to bother with. Second, such stocks were clearly risky so investing in them might fall foul of so-called ‘prudent-man rules’, which required intermediaries to invest other people’s money as if it were their own."