Experience Stern | News & Events

Excerpt from Marketplace -- “'Startups tend to come from multiple communities,' Hegde says. 'A venture capitalist that has a diversity of partners in its ranks might be in a better position to identify these opportunities and evaluate them better.'”

Excerpt from Next City -- "Arun Sundararajan, a professor at New York University’s Stern School of Business and NYU’s Center for Urban Science and Progress has advocated for 'a safe harbor' where services like UberPOP and Djump 'can operate legally while we gather information about the right division of responsibilities between the marketplace and the regulators.'”

Excerpt from The Atlantic Cities -- "In the next century, 5.2 billion of these new urban residents, accounting for nearly all of this city population boom, will live in regions of the world that are currently less developed, according to Fuller and Romer. More than 600 new cities with populations of ten million each would need to be built over the course of the coming century to accommodate this growth, they explain."

Excerpt from The New Yorker -- "Scott Galloway, a marketing professor at New York University’s Stern School of Business, told Marketplace that younger, hipper tech executives often show up at meetings jotting notes in a Moleskine instead of using a tablet."

Excerpt from Fast Co Labs -- “Arun Sundararajan, an expert on the sharing economy at New York University, is exploring measures that would capture the quality of life factors that appear to be increasingly important to workers. 'How much would I have to pay you to do this work instead of something you love?' he says. 'In dollar terms, that is the value that someone is applying to working only 30 hours a week so that they can spend more time with their kids. It’s crude, but I see that as a way of measuring the impact more completely.'”

Excerpt from The Huffington Post -- "Aswath Damodaran, professor of finance at New York University's Stern School of Business, assessing the value of the Coke brand, put it at $64.2 billion total worth, or 80 percent of the company's value."

Excerpt from Bloomberg View -- "Malcolm Baker and Jeffrey Wurgler published a paper in 2006 titled 'Investor Sentiment in the Stock Market.' Baker is at the Harvard Business School and Wurgler is at New York University's Stern School of Business. Both also do research for the National Bureau of Economic Research."

Excerpt from CNBC -- "An important overlooked fact in the current debate is that the same players who invested in speed have also invested in big data and sophisticated predictive analytics. A player with the ability to discover buried, but exploitable, patterns is at a huge advantage over the significant majority who are not well positioned to find them, including regulators."

Excerpt from Barron's -- "So the ETF — whose top components include International Business Machines (IBM), Exxon Mobil (XOM) and 3M (MMM) — is akin to going 'long' the stocks of profitable, stable companies with high-quality earnings, while being 'short' a basket of stocks exhibiting the opposite of those qualities. The idea was developed by Cliff Asness, Andrea Frazzini and Lasse Pedersen."

Excerpt from The Wall Street Journal -- "'The unit cost of financial intermediation appears to be higher today than it was in the 1960s, and about the same as it was around 1900,' writes Thomas Philippon, finance professor at New York University's Stern School of Business. Mr. Philippon said advances in information technology should lower the physical transaction costs of finance. 'In finance, however, the exact opposite happens,' he says."

Excerpt from Next City -- “'There’s this clear, growing demand for the efficient provision of government services, and Congress I think has tried to compete along the lines of [government] transfers,' economist Paul Romer, who has studied India with the NYU Stern Urbanization Project, told Next City. 'They wouldn’t say it this way, but I think their basic strategy has been to try to impede the movement from rural areas to urban areas.'”

Excerpt from Fox Business -- "A pyramid scheme involves multiple layers of distribution... A pyramid scheme can go on for a while, but eventually you run out of new... distributors, and a company around for four decades, you start to wonder. Could it really be a pyramid scheme?"

Excerpt from Financial Times -- "Rosa Abrantes-Metz, an adjunct professor at New York University Stern School of Business, who has advised regulators on financial benchmarks and worked as a paid expert witness to class-action lawyers, has been one of the most vocal critics of the fix. She lists numerous weaknesses of the benchmark, from the lack of oversight to the fact that it involves 'five competitors exchanging information on prices while also doing proprietary trading'."

Excerpt from Marketplace -- "Tom Meyvis, a professor of marketing at the Stern School of Business at New York University, cites Brawny paper towel's sucessful handling of an image problem the brand had with its illustrated spokeman. 'The Wall Street Journal described him as a 70s porn star,' Meyvis says. But, Meyvis notes, that brand handled its image right–by taking baby steps. It slowly shrank the problem mustache, and character, until they were replaced by one a little more up to date."

Excerpt from MarketWatch -- “'When [baby product manufacturers] need to launch a new product, they need to go to the influencers,' Ghose says. 'And mommy bloggers are obviously very influential.' Ghose says that while there haven’t been rigorous academic studies yet quantifying the impact of these influencers on sales, anecdotal evidence abounds, such as LeapFrog Enterprises Inc.’s (NYSE:LF) success during the holiday 2011 season promoting its LeapPad tablet through popular bloggers. The company said in its subsequent annual report that the LeapPad launch helped boost its net sales 5% from 2010 to 2011, to $455 million."

Excerpt from The New York Times -- "Mr. Philippon starts with the familiar observation that finance has grown much faster than the economy as a whole. Specifically, the share of G.D.P. accruing to bankers, traders, and so on has nearly doubled since 1980, when we started dismantling the system of financial regulation created as a response to the Great Depression. What are we getting in return for all that money? Not much, as far as anyone can tell. Mr. Philippon shows that the financial industry has grown much faster than either the flow of savings it channels or the assets it manages."

Excerpt from Reuters -- "Over the long term, China’s road to economic reform will be bumpy and politically unpredictable. Its state capitalist model will remain the dominant economic force for the foreseeable future. A more acute economic slowdown could undermine Xi’s reform agenda. Criticism from political elites, their influence waning, will grow louder — and perhaps too ear-splitting for reforms to be sustainable."

Excerpt from The New York Times -- "It is what the psychologists Yaacov Trope of New York University and Nira Liberman of Tel Aviv University called temporal construal theory. They showed that people are more idealistic and generous when dealing hypothetically with the distant future than they are about actions they need to take today. That’s why it pays to ask people to decide on measures to uphold egalitarian ideals when they don’t have to cough up the money immediately."

Excerpt from The Wall Street Journal -- "'Investors think about how big the diabetes drug market is, see a company offering a diabetes drug, and say, "Let me make a bet on this,"' [Damodaran] says. 'There are going to be a couple winners. But no one knows who.'"

Excerpt from Bloomberg -- "The international markets and markets in general tend to anticipate what's going to happen. And we already see the signs of recovery for Greece. We have seen a decline in unemployment for the first time in four years. We have seen car sales go up. We have seen a different mood in the population in Greece. So it's important that the recovery is in fact starting, and that is where the markets come in. They anticipate the full recovery and now they are thinking very seriously...of investing in Greece before the asset prices increase."

Excerpt from NBC News -- "'The whole social issues landscape has transformed itself over the past five years because of the Internet,' Professor Irv Schenkler, an expert in crisis management at the New York University Stern Business School, told NBC News. 'Certain companies are more concerned about or more likely to react.'"

Excerpt from Fox -- "'If I'm unable to be on time, people will also ask the question: what else am I unable to deliver?' said Professor Anat Lechner, who teaches leadership and management at NYU Stern School of Business."

Excerpt from The Economist -- "Hamilton knew what was at stake. A student of financial history, he was aware that France’s crash in 1720 had hobbled its financial system for years. And he knew Thomas Jefferson was waiting in the wings to dismantle all he had built. His response, as described in a 2007 paper by Richard Sylla of New York University, was America’s first bank bail-out."

Excerpt from Reuters -- "Little of the new credit created in the last few decades has served the overall economy. Schularick and Paul Wachtel recently ran the numbers for the United States. They show that the business sector has not borrowed from the rest of the economy since 1960. The pattern is similar in other developed countries. In other words, business profits were high enough to fund all desired investments."

Excerpt from Bloomberg -- “'It’s going to be a big market and it’s going to change how a lot of small businesses finance themselves,' said Arun Sundararajan, a professor at New York University’s Leonard N. Stern School of Business."