Experience Stern | News & Events

Excerpt from Orange County Register -- "Orange County currently has eight EB-5 projects getting $404 million from EB-5 investors. Ninety percent of that investment is at the $500,000 level. That makes sense: If your choice is to invest $500,000 or $1 million to get the same green card, you’re going to choose the smaller investment, said Gary Friedland, a lecturer and research scholar at New York University who co-authored a study of EB-5 projects. 'It’s a no-brainer,' he said. “That’s why the developers do cartwheels to make sure their development qualifies as a TEA.'"

Excerpt from TechCrunch -- "Each week brings more Uber stories, with some containing good news for those who believe that the company is on a glide path to a $100 billion IPO, and some containing bad news, which evoke predictions of catastrophe from Uber doubters. For me, the test with each news story is to see how that story affects my narrative for Uber, and by extension, my estimate of its value."

Excerpt from The New York Times -- "On average, from 1990 to 2005, when a stock was added to the S.&P. 500 — effectively requiring many investors to hold the stock for the first time — the mere inclusion added almost 9 percent to share prices, according to Jeffrey Wurgler, a professor of finance at New York University."

Excerpt from Marketplace -- "Notes Scott Galloway, a professor of marketing at New York University’s Stern School of Business, all feedback on content is useful to companies. 'And then you can make an adult decision about whether you want to stop putting it out there.' Which is exactly what Facebook is doing with its new emojis – finding out how Irish and Spanish users feel about them."

Excerpt from SarderTV -- "On the business side, what our data suggest is that if you have inflated intuitions about how globalized the world is, you're also much more likely to agree with, at least within the field of international business, what are treated as highly dubious propositions, like 'globalization means competing exactly the same way everywhere around the world.' This hurts profits, because companies still are quite separated as these low levels of cross-border flows indicate."

James Gorman, Chairman and CEO of Morgan Stanley, addressed a packed auditorium of NYU Stern students, faculty and alumni this fall.

NYU Stern's Center for Real Estate Finance Research partnered with Bloomberg L.P. this fall to host the Fourth Annual Fall Symposium, "The Nexus between Real Estate and Infrastructure Investing." The symposium featured leading institutional investors, compared investments in real estate and infrastructure assets, and investigated how green building and new energy are changing the landscape.

Excerpt from TODAY -- "New York University's Stern School of Business also has its own Snapchat account that anyone can follow regardless of their proximity to campus. Potter said this account helps prospective students see that, although New York University is a large school in an urban area, individual voices are still heard. 'By and large the content that we're providing on Snapchat is created by current students, so we're really allowing prospective students to see and hear an authentic voice,' she said."

Excerpt from Vox -- "The concern is that this foreign currency cross-border corporate borrowing will put emerging market economy financial systems at risk when the Fed inevitably begins to raise rates."

Excerpt from The Wall Street Journal -- "The private-company numbers suggest slowing growth for larger companies, said Edward Altman, a professor at New York University who helped create the Golub Index. He said there’s a high rate of correlation between the Golub index and public company performance, suggesting big companies will report weaker growth during the third-quarter earnings season, which begins this week."

New research from NYU Stern Professor Michael Jung and University at Buffalo School of Management Professor Jing Chen finds that, on average, firms are less likely to issue public management forecasts, also known as management guidance, after investment by an activist hedge fund.

Excerpt from The Daily Beast -- "The paper suggests that, instead of engaging in a technological race with producers of hate content, policy should be implemented to educate youth on digital media, racial and social justice, stereotypical messages, and how to interpret multiple meanings."

Excerpt from Business Insider -- "[Professor Scott Galloway's] research has shown that customers want a multi-channel experience, and that Bonobos is smart to expand its physical presence. 'I don't believe any pure-play e-commerce firm will survive,' he said."

Excerpt from Business Times -- "The Singapore Exchange (SGX) is a truly unique pan-Asian exchange with a fully-integrated value chain, which includes trading and execution, clearing and settlement, and depository services. Apart from being Asia's most international exchange for equities, with over 40 per cent of listings originating from outside of Singapore, it also boasts of a robust derivatives exchange hosting the world's biggest offshore market for Asian equity index futures."

Excerpt from OZY -- "... if the energy revenues lift the Egyptian pound’s value, 'it will be more difficult for domestically produced Egyptian goods to find foreign markets,' warns George David Smith, a professor of international business at New York University’s Stern School of Business. He and others have also pointed out that the country has traditionally been blighted by corruption. 'We’ve not had a regime in recent memory that has been more interested in economic growth than it has been in staying in power,' says Smith."

Excerpt from Bloomberg -- "The global economy is levering up rather than the reverse. There's a useful McKinsey Global Institute study that documents that. That's not the direction we want to go. We don't want to try to create additional demand by levering up."

Excerpt from Business Insider -- "... for those who've got minimal time and attention to spare, there's a simpler strategy that can help you stand out in virtually any circumstance: Channel the confidence to act like a leader by recalling a time when you felt powerful. The technique is based on a study by Gavin Kilduff, Ph.D., and Adam Galinsky, Ph.D."

Excerpt from CIO -- "'These results hold even for firms that met or exceeded analyst expectations for the quarter and have a history of consistently providing guidance in previous quarters,' the authors said. 'Since guidance has been shown to be beneficial to capital market participants in many ways, reduced guidance has meaningful market implications.'"

Excerpt from Reuters -- "'Uber is adopting the shock-and- awe strategy,' said finance professor Aswath Damodaran at New York University's Stern School of Business. 'I think it's a very high- risk strategy.'"

Excerpt from Commercial Observer -- "Before Congress grapples with the difficult task of how to define the geographical area that qualifies as a TEA, it must first update its vision for the program. And this raises many questions. Does Congress wish to encourage investment in rural and depressed areas? Does it care where the workers live? Does it matter whether the jobs likely would have been created even if the program didn’t exist?"

NYU Stern's Center for Global Economy and Business hosted Timothy F. Geithner, 75th secretary of the US Department of the Treasury and president of Warburg Pincus, for a talk and Q&A session on October 5.

Excerpt from The New York Times -- "'This time last year few politicians were paying attention to the work force that powers these start-ups, and now they’re trying to figure out how to protect them,' Professor Sundararajan said."

Excerpt from The Economist -- "Researchers at Wharton Business School, Columbia University and New York University wrote an identical e-mail to 6,500 professors, ostensibly from students wanting to meet the academic. White men got notably more responses than other groups; Asian-Americans of both sexes got fewer."

Excerpt from BBC -- "... if you look at the overall statistics, what's basically happened is Asia has traded places with the European Union in terms of its share of world income. That's the positive in terms of growth. ... [Asia is] still at just 30% of European Union per capita income, and despite faster growth, that might increase to 40-42% by 2030."
 

Excerpt from The Huffington Post -- "...businesses can start on a new course in one day that will change them forever. All it takes is a willingness to embrace new ways of thinking."