Experience Stern | News & Events

Excerpt from Financial Times -- "Mr White added that Morningstar’s brand recognition in mutual funds has so far failed to carry over into credit ratings. 'The Morningstar imprimatur turned out not to be that important. What is important is the record of Moody’s, S&P and Fitch,' he said."

Excerpt from Techopedia -- "'Private individuals respond to incentives for keeping the data honest. My worry is governments who have other non-economic objectives immune to financial incentives,' David Yermack, Professor of Finance at the Stern Business School in New York University, surmised."

Excerpt from Consumer Reports -- "'Once people have spent time searching a price, they are less likely to start over when they see the fees,' says Vicki Morwitz, a professor of marketing at the New York University Stern School of Business. 'They often mistakenly assume competitors will have the same fees,' she says."

Excerpt from LSE Business Review -- "More generally, our results highlight that individuals’ investment decisions are not made in a social vacuum. What we hear from our friends affects how attractive we perceive an asset to be, even if the experience of those friends arguably does not contain a lot of information that is relevant for the true valuation of the asset. This runs counter to the assumptions in many of our models meant to study the economy. On the flip side, this evidence might help us understand how the passing-on of optimism about the valuation of certain assets might lead to price bubbles in both the housing market and in the stock market."

Excerpt from Business Insider -- "'[Reference points] are used on price tags, these are used in advertising, this is used inside retail stores on signage — all of which are ways to try and get you to anchor on a particular price, so it is against that price that you would then evaluate the current offering,' Priya Raghubir, a marketing professor at New York University's Stern School of Business, told Business Insider."

Excerpt from Business Insider -- "'I think investors are finally getting fed up,' he said on a Recode podcast with Kara Swisher published on Friday. 'My prediction is within 12 months Tesla is sub $100 per share and it probably gets acquired because there's real value there.'"

Excerpt from VEJA -- (translated from Portuguese using Google Translate) "'Major football, NFL and NBA championships have the facility to garner a loyal audience because people do not often dodge their ads. No one wants to watch the Super Bowl the next day,' explains Paul Hardart, a professor at the New York University Stern School of Business."

Excerpt from The Wall Street Journal -- "'Given the exceptional increase in corporate debt at both the investment- and non-investment-grade ratings levels since just prior to the financial crisis in 2007,' said Edward Altman, a professor emeritus at New York University’s Stern School of Business, 'the impact on corporate defaults and bankruptcy filings could hit record levels coincident with the next economic downturn, possibly in 2020 or 2021.'"

Excerpt from NBC News -- "'Regulating technology typically doesn’t work, so as you go to the polls and as you elect new leaders, keep this in the back of your mind,' she said. 'It sounds like a good idea but in practice it doesn’t work and what’s best for all of us is we need to take a much more sophisticated approach --guard rails, not regulations.'"

Excerpt from Barron's -- "Researchers from New York University’s Stern School of Business and Emory University found that in 1,600 reverse splits from 1962 to 2001, shares underperformed nonsplit peers by 15.6% in the first year after the split, 36% in the second, and 54% in the third."

Excerpt from Forbes -- "Professors Adam Brandenburger and Barry Nalebuff, authors of Co-opetition, call for a new mindset rooted in cooperative game theory. In their view, firms are interdependent, and can work together to generate new value, increasing the pie."

Excerpt from the Financial Times -- "'There is a huge opening for social media companies to move in and take a big part of the banking business,' said David Yermack, professor of finance and business transformation at the New York University Stern School of Business."

Excerpt from US News & World Report -- "Cultural differences and power dynamics help explain why some workers lack awareness about their performance and professional image. So does the fact that 'people seldom receive negative feedback about their skills and abilities from others in everyday life,' according to Dunning and Kruger."

Excerpt from CGTN -- "I think the report underscores the fact that we are still training people for a world in which they're going to have a stable job and one occupation for their entire career and that a vast majority of their education is going to happen before they enter the workforce. But the reality of tomorrow's world of work is that people are going to have to switch occupations multiple times and they're going to have to continually reeducate themselves and most countries around the world are not prepared for this."

Excerpt from The Wall Street Journal -- "But at 6.94%, Japan’s premium remains stubbornly above the U.S.’s 5.96%—with the gap little changed in six years—according to Aswath Damodaran, professor of finance at New York University’s Stern School of Business."

Excerpt from La Tercera -- (translated from Spanish using Google Translate) "Although he does not have great expectations regarding what is going to be agreed upon, Robert Engle, winner of the Nobel Prize in Economics, anticipates a speedy resolution to the trade war, thanks to an agreement that will benefit both the government of the United States and China."

Excerpt from Business Insider -- "Helio Fred Garcia, a crisis management professor at New York University and Columbia University and president of crisis management firm Logos Consulting Group, told Business Insider: 'Trust didn't fall because two of its plane crashes. Trust fell because they were seen to be indifferent.' ... Professor Irv Schenkler, who teaches crisis communication at NYU's Stern School of Business, told Business Insider that Boeing took an 'operational problem" and made it "a reputational crisis — driven by poor messaging at the start of the events, creating concern and fear.'"

Excerpt from CGTN -- "The fact that Uber’s IPO was not the success story that it should have been isn’t really about the fundamentals of the company today, said Arun Sundararajan, Professor of Business at New York University. 'It’s more about the fact that their valuation got too high too fast in the past and that severely constrained their ability to set a fair price for their IPO when they went public.'"

Excerpt from GARP Risk Intelligence -- "Said Berner: 'An easier way to achieve change [in data practices] is to have pilot projects and the idea of innovation sandboxes, endorsed and assisted by regulators. It is something that we should do more of in the U.S.'"

Excerpt from Mic -- "A recent study from New York University's Stern School of Business found that peer-to-peer apps like Uber and Lyft are designed to induce customer guilt, and thus promote rating inflation. The act of sitting in a car with your service provider, the study found, humanizes them in a way that, say, placing an online order with an anonymous Amazon merchant does not, and as a result, riders tend to give higher ratings."

Excerpt from SmartBrief -- "With a nod to Angela Duckworth, we support the notion of “grit” as the secret ingredient in creating innovative new brands. Gritty people who come up with gritty ideas and can assemble gritty teams with the passion and perseverance to execute every detail brilliantly. Predicting innovation success will always be challenging. That is why the rewards for winners are so high."

Excerpt from American Banker -- "'For economists, one of the things we like about crypto is that it pushes you back to first principles,' said David Yermack, chairman of the finance department at New York University's Stern School of Business. 'It makes you reconsider if we need banks to have banking.'"

Excerpt from Quartz -- "The traits of successful entrepreneurs haven’t changed much in the digital age: You need more builders than branders, and it’s key to have a technologist as part of, or near, the founding team."

Excerpt from the Australian Financial Review -- "'Once you go down this road it’s clear it’s hard to pull back,' says Lawrence J. White, professor of economics at New York University Stern School of Business, and a specialist in financial regulation and bank behaviour."

Excerpt from Seeking Alpha -- "Now the investing world has become a lot flatter, especially in the US. I can't think of too many competitive advantages that you would have at Goldman Sachs as an equity research analyst over some person sitting at their own computer. If you're going to create value in this business now, you've got to think of what else you bring to the table. It can't be that you have better data, it can't be because you have a more powerful computer - it's got to be something else, and that's made investing a lot more difficult than it used to be."