Experience Stern | News & Events

Excerpt from Barron's -- "'They have always advertised at the Olympics, but the climate is just different now,' says Hal Hershfield, assistant professor of marketing at the NYU Stern School of Business. He think this kind of backlash could spread to the US"

Excerpt from Bloomberg -- "Most of the banks have failed since 2009 to earn a return that exceeds their cost of capital, said Roy Smith, a finance professor at New York University’s Stern School of Business and a former Goldman Sachs partner. The impact of new capital requirements and legislation such as the 2010 Dodd-Frank Act is having a more profound effect on profitability than managements seem willing to acknowledge, he said."

Excerpt from Project Syndicate -- "A significant equity-price correction could, in fact, be the force that in 2013 tips the US economy into outright contraction. And if the US (still the world’s largest economy) starts to sneeze again, the rest of the world – its immunity already weakened by Europe’s malaise and emerging countries’ slowdown – will catch pneumonia."

Excerpt from NY1 -- "'For most small businesses, it's important to remember that most cost increases get passed on to customers,' said Joseph Foudy of the NYU Stern School of Business. 'Anything you do to increase the cost of employees, in most cases, will increase the cost of the goods they are selling.'"

Excerpt from Council of Foreign Relations -- "It distorts trust in the marketplace if you can't trust the rates at which banks are lending to one another,' says Thomas Cooley of New York University's Stern School of Business. "

Excerpt from Bloomberg -- "Plaintiffs would face difficulties, such as proving how much money they lost, said Roy Smith, a finance professor at New York University’s Stern School of Business and a former Goldman Sachs partner. Because Libor rates excluded some of the highest and lowest estimates, it may be hard to calculate which firms were culpable for influencing the outcome, he said."

Excerpt from Fortune -- "'The more rivals you have in the workplace, the more you have a chance of being undermined and being ruined in some instances,' says Seth Freeman, professor of negotiation and conflict management at NYU and Columbia."

Excerpt from NBC News -- "Murphy also said the planned 'clawback' of millions of dollars in bonuses from executives and employees at JPMorgan involved in the bank's misguided trading strategy could go a long way toward changing attitudes on Wall Street."

Excerpt from PolitiFact -- "‘Carried interest is currently a legitimate way of reducing one's tax obligation,’ he said. ‘It may be unfair and distortionary; but it's not any more a ‘trick’ than taking advantage of the mortgage interest deduction. Congress ought to change the law so that carried interest is taxed at regular income rates. But until then. …’"

Excerpt from Project Syndicate -- "To be effective and properly targeted, policies need to include an accurate diagnosis of growth potential and impediments in both the tradable and non-tradable parts of the economy. Focusing on one (say, the competitiveness problem in the tradable sector) to the exclusion of the other (perhaps a serious non-tradable demand shortfall or stagnant absolute productivity) will not be enough."

Excerpt from The Wall Street Journal Smart Money -- "Lawrence White, professor of economics at New York University's Leonard N. Stern School of Business, says the data raises a question about whether the FICO score still is a good predictor of a borrower's likelihood of repayment."

Excerpt from Bloomberg -- "Between Jan. 2, 2007, and Aug. 8, 2007, 95 percent of submissions had an impact on where the rate was set, according to “Libor Manipulation?” a 2008 paper by academics including Rosa Abrantes-Metz, an economist with consulting firm Global Economics Group and an associate professor at New York University’s Stern School of Business."

Excerpt from Variety -- "'Whether 100,000 or 1 million people are reading about them … the point is somebody is reading, and these magazines are quite visible in supermarkets and discount stores where millions of women congregate,' says Al Lieberman, executive director of entertainment media and technology at NYU's Stern School of Business."

Excerpt from Institutional Investor -- "Levich and Pojarliev separate currency traders into 'beta grazers' who settle for returns commensurate with going risk premiums and 'alpha hunters' who capitalize on market inefficiencies and behavioral bias. (Wall Street analyst Marty Liebowitz coined both terms.) Hence the provocative title of their new research paper: 'Hunting for Alpha Hunters in the Currency Jungle.'"

Excerpt from Forbes -- "'It’s one thing to lie about your borrowing rate to make you look better. That’s like saying you’re 5 feet 9 inches when you’re really 5 feet 7 inches,' he says. But the worst case scenario is that the evidence shows banks were in fact colluding to push the Libor rates up or down for their own profit. 'If banks were colluding to push the rates in one direction or another then that’s a much more serious problem,' Subrahmanyam says."

Excerpt from Bloomberg -- "The behavior of wealthier households can have an adverse effect on less-wealthy people, Robert Frank, a Cornell University economist, wrote in an e-mail, describing the phenomenon as a 'positional arms race.'"

Excerpt from Bloomberg Businessweek -- "Simon Bowmaker, a clinical associate professor of economics at New York University’s Stern School of Business, takes a look at how 21 economists at top U.S. universities view their profession in his new book The Heart of Economics"

Excerpt from Psychology Today -- "Since we know that people are more likely to donate to hurricanes that share their first initials, the World Meteorological Organization has the power to increase charitable giving just by changing the composition of its hurricane name lists."

Excerpt from Psychology Today -- "...the more pain people felt when viewing how much an object cost – the less likely a person would be to subsequently buy that object when given the chance. The pain of paying, then, can be an effective way to ensure that we don’t overspend. But, it can also take away from an otherwise pleasurable experience..."

Excerpt from Bloomberg -- "In the Euro-zone, the slow-motion train wreck could become a faster-motion train wreck."

Excerpt from The New York Times Campaign Stops blog -- "Michael Spence, a professor at N.Y.U.’s Stern School of Business, and David Autor, an economist at M.I.T., have argued that this 'hollowing out' process is a result of twin upheavals: globalization and the hyper-acceleration of technological progress."

Excerpt from Examiner.com -- "When a school teaching business breaks down the business of Broadway, the importance of arts making monies is brought to new light by our highly educated respected leaders."

Excerpt from The Economist -- "Rosa Abrantes-Metz of NYU’s Stern School of Business was one of a group of academics who, in 2009, raised the alarm that something fishy was going on with LIBOR. One simple change, she proposes, would be significantly to raise the number of banks in the panel. The theoretical changes needed to repair LIBOR are not difficult, but there are practical challenges to reform."

Excerpt from Crain's New York -- "A majority of New York City hospitals scored below the halfway mark in an August 2012 edition of Consumer Reports ranking more than 1,000 hospitals nationwide on patient safety. But the results can twist how hospital administrators prioritize improvements, said Heski Bar-Isaac, a professor of economics at the Rotman School of Management at the University of Toronto. 'If the rankings aren't counting absolutely everything, then they might be pushing investments and performance in certain directions,' he said."

Excerpt from Bloomberg -- "'Europe’s problem is that it’s running out of time,' he [Schoenholtz] said. 'The question isn’t whether it’s plausible to imagine a Hamiltonian solution. The question is whether it’s plausible to imagine one that can be organized in the time that monetary union has.'"