Experience Stern | News & Events

Excerpt from Forbes -- "The book, When the President Calls: Conversations With Economic Policymakers, by NYU professor Simon Bowmaker, sheds new light on the inner workings of how things get done in the executive branch. It involved extensive interviews with dozens of past economic bigwigs, including Alan Greenspan, Paul Volcker, Austan Goolsbee, Janet Yellen, Robert Rubin, and Hank Paulson. "

Excerpt from Bloomberg Quint -- "Systemic risk across India‘s financial institutions has remained range bound despite recent attempts to improve the level of capitalisation across the country’s state-owned banks, according to Nobel Laureate Robert Engle."

Excerpt from Vox -- "'I think the value of a diamond is zero. It's entirely the value you have, in regards to the person who gave it to you.'"

Excerpt from Business Insider -- "Meyvis said the preorder program was a time-worn marketing strategy known as the 'foot-in-the-door' technique.'You get people to make a small commitment, and then they're more likely to make a big commitment later on,' he said. Meyvis agreed with the idea that the psychology here is comparable to a Kickstarter campaign, which has helped many innovative brands generate interest in their product concepts."

Excerpt from Brookings Institute Blog -- "Using corporate deposit and loan transaction data for European banks from January 2006 to June 2010, Viral Acharya of NYU Stern School of Business and coauthors find that the European Central Bank’s increase in liquidity provision beginning in October 2008 lowered deposit spreads for both high-risk and low-risk banks, but reduced loan spreads only for low-risk banks."

Excerpt from CNBC -- "Even if they are giving them as gifts, buying secondhand allows people to get their hands on items they would otherwise feel guilty purchasing, such as designer clothes or something that isn’t necessarily useful to them, said Tom Meyvis, a professor of marketing at New York University’s Stern School of Business."

Excerpt from Bloomberg -- “'The issue is not whether they can survive tomorrow,' said Allen Adamson, co-founder of marketing consulting company Metaforce. 'But whether they will thrive the day after tomorrow.'"

Excerpt from Livemint -- "Research by New York University professor Pankaj Ghemawat shows that differences between countries—be it geographic, cultural, administrative or economic—matter to a company’s performance in different regions in significant, predictable ways. The greater the distance, the relatively weaker the subsidiary’s performance, showed the research, citing Walmart Inc.’s performance in different countries."

Excerpt from MarketWatch -- "Professor Lawrence White, who teaches on antitrust matters at the New York University Stern School of Business, doubted much more cross selling would occur because companies like Schwab and TD Ameritrade already had strong incentives to do that now."

Excerpt from Business Standard -- "Noble-prize winning economist Robert Engle said that a number Indian financial institutions may require significant additional capital in the event of a financial shock. The majority of financial institutions that show such signs of the need for additional capital were state-owned banks, he said in a talk in Mumbai on Tuesday."
 

Excerpt from Quartz India -- "Everyone’s in it for the long-haul as 'millions of users in small towns and smaller cities are getting online for the first time, propelled by cheap smartphones,' Anindya Ghose, professor of technology, operations, and statistics at New York University’s (NYU) Stern School, told Quartz. 'All this makes it very attractive for large players, both global and local, to battle it out in the space. And there is imminent competition from newer entrants like Facebook, Google, and PhonePe.'”

Excerpt from PayScale.com -- “'I think one of the most prominent examples of ageism against youth is the knee-jerk tendency to dismiss their views as uninformed, naive or entitled,' says Michael S. North, Ph.D., an assistant professor of management and organizations at NYU Stern School of Business, speaking with The Riveter."

Excerpt from Bloomberg -- “'WeWork is not just a mistake, it is a signal of weakness in the whole model,' said Aswath Damodaran, a professor of finance at New York University’s Stern School of Business, who has written four books on valuing businesses. 'If you screwed up that valuation so badly, what about all of the other companies in your portfolio?'”

Excerpt from BusinessBecause -- "Thinkers50, the premier ranking of global business thinkers, today announced its 2019 ranking of management thinkers and the winners of its 11 Distinguished Achievement Awards."

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Excerpt from Macroblog -- "The introduction of Bitcoin has sparked considerable interest in cryptocurrencies since its introduction in the 2008 paper 'Bitcoin: A Peer-to-Peer Electronic Cash System' by Satoshi Nakamoto. However, for all its success, Bitcoin is not close to becoming a widely accepted electronic cash system. Why it has yet to achieve its original goals is the topic of a paper by New York University professor Kose John and NYU Stern PhD student Franz Hinzen, along with McGill University professor Fahad Saleh titled "Bitcoin's Fatal Flaw: The Limited Adoption Problem."
 

Excerpt from CoStar News -- "'Landlords thinking about leasing to WeWork are facing uncertainty and putting some deals on hold, and with the layoffs and ongoing financial questions, they may still want to hold off on doing deals with WeWork,' said Ari Ginsberg, professor of entrepreneurship and management at New York University’s Stern School of Business. 'After all, without the recent cash infusion from SoftBank, the company was scheduled to run out of cash in November and might have gone bankrupt.'"

Excerpt from the Associated Press -- "'Even one sort of negative incident could sink a company, and so I think the care that these companies need to take to ensure that every ride is a good ride is much higher,' said Arun Sundararajan, a professor at New York University’s Stern School of Business and author of The Sharing Economy."

Excerpt from Barron's -- "Research for Thomas Philippon’s latest book started like an investigation, triggered by his own puzzlement. The economist wondered why the price of broadband in the U.S., where he has lived for 20 years, is now twice as high as in Europe. That was the other way around back in 1999, when Philippon, now a professor at New York University’s Stern School of Business, came to the U.S. to study."

Excerpt from The New York Times -- "Google noted, however, that it expects to take action on a 'very limited' number of political ads. Michael Posner, a professor at New York University’s Stern School of Business, said Google’s policy change was a good start but did not go far enough in dealing with potential misinformation."

Excerpt from The Wall Street Journal -- "Detectica was co-founded in 2015 by Panos Ipeirotis and Foster Provost, data-science professors at New York University’s Stern School of Business, and a colleague at Etsy Inc. Ipeirotis and Provost, who continue to teach at NYU, have joined Compass as part of the deal, along with two other Detectica employees. Detectica originally focused on providing AI fraud-detection tools for financial-services firms and on providing AI strategy consulting to retail, health-care and media companies."
 

Excerpt from CNBC -- "NYU Stern professor Aswath Damodaran, known as the 'Dean of Valuation' for his company analyses, says that Aramco more or less valued their IPO correctly, but that he still wouldn’t invest because of the inherent limited upside as well as the political risk that surrounds the world’s largest oil company."

Excerpt from Politifact -- "'As a general matter, import tariffs are a tax,' said Lawrence White, a professor at New York University’s Stern School of Business. 'Tariffs, like any tax, generally introduce an inefficiency and makes the two sides of the trading relationship poorer — not richer.'"

Excerpt from the Associated Press -- “'They have been living in Never-Never Land, an unsustainable paradise that is now going to get ratcheted back,' said Allen Adamson, an adjunct professor at New York University’s Leonard N. Stern School of Business. 'They are not going to be able offer fewer cups of coffee to close the gap. It’s too big a gap. This is going to draconian in term of what has to be done.'”

Excerpt from Quartz -- "Another possible regulation would be to subject Facebook to bank-style Know Your Customer (KYC) laws. Banks are required to extensively verify their customers’ identities to prevent fraud, money-laundering, and terrorist financing. New York University data science professor Vasant Dhar has called for similar requirements to be imposed on platforms."

Excerpt from Bloomberg Quint -- "The former deputy governor of the Reserve Bank of India, who once quoted Ernest Hemingway to explain the change in his view on interest rates for Indian economy, 'highly recommends' Vasily Grosman’s Life And Fate, as he shares a list of books that he has enjoyed reading over the years."