Experience Stern | News & Events

Excerpt from Business Insider -- "Any company that creates more than $10 billion in shareholder value does one of two things: extend time (more time, saving time) or enhance time."
 

Excerpt from Bloomberg Tax -- “'Impairment makes a lot of conceptual sense,' said Stephen Ryan, a professor at the New York University Stern School of Business. 'In practice, it’s very difficult for a number of reasons.'”

Excerpt from The Place Brand Observer -- "My view on place branding has changed a lot. At the beginning it was strongly influenced by my economics studies, but it has evolved since then in that I’ve integrated psychology and sensory aspects. In fact, now I am working on the application of sensory branding to places. Moreover, nowadays the digital part of a brand and experiences needs also to be considered and measured."

Excerpt from Financial Times -- "A new economics note offers a reasoned argument against ultra-low interest rates; it is the most elaborate version of the so-called 'zombie effect' I have seen. Viral Acharya argues that low rates keep 'zombie firms' alive — these are commercially non-viable companies that only stay out of bankruptcy because banks 'evergreen' their loans at ultra-low rates rather than foreclose."

Excerpt from Thrive Global -- "'It’s worth noting that the law, through ADEA, only offers legal protection for people age 40 or older, “which opens up a separate line of inquiry as to why stereotyping the young as ‘lazy millennials’ is considered acceptable,' Michael North, Ph.D., assistant professor of management and organizations at the N.Y.U. Stern School of Business, tells Thrive."

Excerpt from Investor Place -- Professor Aswath Damodaran of New York University’s Stern School of Business made it clear that he prefers Lyft’s approach of focusing on passengers and sticking to the North American market for now: 'I’d take Lyft over Uber because Uber wants to be all things to all people. You’d think they’d learn from their mistakes. They tried in China and had to back out of China. I think being less ambitious in this business, until you figured out a business model, is better.'”

Excerpt The Atlantic -- "But Thomai Serdari, a luxury-marketing strategist and professor at New York University, nods to the 2008 financial collapse as the moment that helped more types of business realize that parachuting into a trendy neighborhood often makes more financial sense than committing to hang around for 20 years. 'No one wants to invest long-term, and brands don’t want to take risks with inventories,' Serdari says."

Excerpt from CCN -- According to Nobel laureate Robert Engle, an economist at NYU Stern, numbers show that geopolitical risk in the global economy is lower now than it was before.
 

Excerpt from The Modern Sale -- "So far, AI/ML has mostly been used to augment products that firms offer. For example, Gmail now includes a predictive typing feature that uses AI to “guess” at the next several words in sentences that I write. It is a nifty feature — not world-changing or anything like that, but certainly helpful. But, in the future, we will see lots more AI in lots more products/services/devices, and we will start to see firms reorganizing themselves in different ways to take advantage of what AI can do. It is still early days."

Excerpt from Moneyweb -- "In a study on the usefulness of published accounts, researcher Baruch Lev places much of the blame on the proliferation of estimates in financial reports: 'To a large extent, financial reports are based on estimates, judgements, and models rather than exact depictions,' he says."

Excerpt from Bloomberg -- “'If you are a trader, you can try to take advantage of the price drop, but the drop is [typically] small and short-selling costs tend to be large' New York University professor Aswath Damodaran said in an interview."
 

Excerpt from Harvard Business Review -- "To better understand the experience of women of color in the workplace in particular, see Minda Harts’s The Memo: What Women of Color Need to Know to Secure a Seat at The Table. For an exploration of identity, gender and race, read Jodi Patterson’s The Bold World. And for a more general look at how to lead in an inclusive way, take up Dolly Chugh’s The Person You Mean to Be: How Good People Fight Bias."

Excerpt from Business Insider -- "He says that Elizabeth Warren has run a 'masterclass' of a campaign and that she's 'impressive' and 'substantive.' But her 'attributes are viewed as negative simply because she is a she' — he thinks that the US is still too sexist to elect a woman.

Excerpt from The Economist -- "Illiquidity matters less if investors have longer horizons. A pioneering paper by Yakov Amihud and Haim Mendelson, published in 1986, posits that investors with the shortest horizons hold securities with the lowest trading costs; and bonds that are relatively illiquid are held by long-term investors, who can spread the higher trading costs over a longer holding period."

Excerpt from Business Insider -- "But NYU Professor Priya Raghubir says the real key to Target's success is that you don't actually regret buying anything. Those unplanned purchases, they're often things people do want, they just haven't thought of putting them on their shopping list."
 

Excerpt from Risk.net -- "From tariff spats to terrorist threats, geopolitical risk is a persistent driver of securities prices and financial markets. But according to Robert Engle – the NYU Stern economist who won the Nobel prize for his work on measuring volatility – market-watchers may be overestimating the impact of global tensions."

Excerpt from The Wall Street Journal -- "‘The idea that US markets are the most competitive in the world has been widely accepted in economics for several decades,' economist Thomas Philippon writes in 'The Great Reversal.' The thrust of his argument is that this idea is largely a myth. Even before the financial crash of 2007-08, he says, many Americans felt that there was something not right about the economy—that it wasn’t performing as advertised."
 

Excerpt from Fortune -- "Luckily for the planet, research from the New York University Center for Sustainable Business (CSB) shows shoppers aren't all talk but are actually following through with buying more sustainable goods. 'Across virtually every category of consumer packaged goods (CPG), sustainability is where the growth is, which I think tells you something about where consumers are,' CSB Director Tensie Whelan tells Fortune."

Excerpt from Poets and Quants -- "That was the stunning finding of a paper by Poets & Quants’ Professor of the Week, Sandeep Dahiya of the McDonough School of Business at Georgetown University, along with David Yermack of New York University Stern School of Business. Their working paper, 'Investment Returns and Distribution Policies of Non-Profit Endowment Funds,' was published in May by the European Corporate Governance Institute."

Excerpt from Retail Dive -- "'[ABG CEO] Jamie Salter's openness to evaluate a strategy that had not been in consideration just a week ago shows he brings promise with a business model that otherwise could have meant that the Barneys brand as we know it would die a slow death,' Thomai Serdari, professor of luxury marketing and branding at New York University's Stern School of Business, said in an email to Retail Dive."
 

Excerpt from Yahoo Finance -- "'I think it's likely that there will be some deal. It might not be a 100% deal, but it's likely to be an 80% or 90% deal by December. That would mean that tariffs would fall, and I don't think I agree 100% with Goldman when they say they expect tariffs to persist... My expectation is that there is going to be a deal and a big percentage of the tariffs are going to disappear by the beginning of 2020.'"

Excerpt from Bloomberg -- "'At this point it looks like Uber is trading of growth for profitability. I think that in the long run once autonomous vehicles actually become a reality, the growth potential of this sector is going to be immense. What I've been hoping is that Uber can hold on, continue to grow steadily until that point without paring back on user growth and going after profits too soon. I think today's numbers are telling us that their CEO is focused very heavily on profitability, whether than taking the Amazon strategy of saying 'we're profitable in some of these markets, let's sacrifice profits for growth.'"

Excerpt from Financial Times -- "The policy would dovetail with Ms Vestager’s revival of so-called interim measures to stop alleged market abuse during an investigation. That was a very welcome decision, says Thomas Philippon, a New York University finance professor and author of a book arguing Europe’s antitrust policy has overtaken America’s."

Excerpt from The New York Times -- “'My impression is that this is a company that does seem to care beyond the bottom line,' said Arun Sundararajan, a professor at New York University’s Stern School of Business. 'But you also have to keep in mind, it is still a highly efficient competitor.'”

Excerpt from The Wall Street Journal -- "Still, there are lessons to be drawn from the study, says J.P. Eggers, an associate professor of management and organizations at New York University’s Stern School of Business and an editor of Strategic Management Journal."