Experience Stern | News & Events

Excerpt from Entrepreneur-- "In fact, in a study of a phenomenon they dubbed 'employee silence,' professors from New York University's Stern School of Business demonstrated that 85 percent of their respondents felt they couldn’t raise important issues to their management at all."

Excerpt from Medium -- "As Stern School of Business Professor, Arun Sundararajan Sundararajan, explains in his book, 'The Sharing Economy', before the industrial revolution, '. . . a significant percentage of economic activity was peer-to-peer, embedded in community and intertwined in different ways to social relations.'"

Excerpt from MetroMBA -- "According to a new report titled 'How Helping Refugees Helps Brands' from the NYU Stern School of Business and the Tent Partnership for Refugees, American consumers are more likely to purchase from brands that support refugees. This includes brands that hire refugees, deliver services to refugees, invest in refugee entrepreneurs, and source from refugee businesses."

Excerpt from Fortune -- "Women reliably exercise their stock options more slowly than men—with men losing out on 2% to 4% of their options’ potential value—the researchers found. But the reasons for this behavior are still up for debate."

Excerpt from NPR -- "There's quite a bit of evidence that people don't rate people harshly in these systems, even if they maybe had a bad experience or a not great experience just because they don't want to harm the other person. And you can kind of think, if you have a bad Uber ride, you know, you may be unhappy as a passenger. But you don't want to ruin a person's livelihood."

Excerpt from the The New York Times -- "'A lot of diamond companies are still very opaque about their operations,' said Thomai Serdari, who teaches luxury marketing at New York University. 'There haven’t been any particular strict guidelines to ensure that a diamond is truly coming from the area a dealer is claiming it’s coming from.'"

Excerpt from The Washington Post -- "In their 1999 paper, published in the Journal of Personality and Social Psychology, David Dunning and Justin Kruger put data to what has been known by philosophers since Socrates, who supposedly said something along the lines of 'the only true wisdom is knowing you know nothing.'"

Excerpt from Knowledge@Wharton -- "A new study ... looks at how drivers for a ride-hailing firm make labor decisions – when to work, and for how long – and aims to improve predictions about labor supply and to shed light on more effective financial incentives. The paper, titled 'The Impact of Behavioral and Economic Drivers on Gig Economy Workers,' is co-authored by New York University Stern School of Business professor Maxime Cohen and Wharton doctoral candidate Park Sinchaisri."

Excerpt from U.S. News & World Report -- "'People expected that was coming. The difference is the severity. It was more intense than we expected,' says Joseph Foudy, a professor of economics at New York University's Stern School of Business. Foudy believes the reports this week are indicative of China's economic long-term transition. He adds, 'but we should be worried about the economy in the next few years.'"

Excerpt from WIRED -- "The key thing to do is to take photos for yourself in the moment and then to separate the sharing part of the process... to have the sharing happen later on."

Excerpt from Luxury Daily -- "Communities built around social, cultural or fitness interests – for example, whisky tasting clubs or cycling groups – offer consumers a platform through which to exchange facts and opinions about products and services. Consumer-generated content spreads quickly, thanks to technology. Reputations are built or destroyed easily. This has already had significant consequences for the luxury retail market that has seen an array of brand extensions being built around such communities with clearly defined values."

Excerpt from Strategic Finance -- "Don’t wait for the FASB [Financial Accounting Standards Board] or the SEC [Securities & Exchange Commission] to adapt financial reporting to the 21st Century. It may take a while. Start disclosing relevant information to investors. It’s not only good for investors—it’s good for you, too. Research overwhelmingly shows that improved transparency reduces cost of capital and stock volatility, increases managers’ credibility, and mitigates shareholder lawsuits."

Excerpt from Radar -- "We’ve developed a methodology that will articulate, quantify and communicate the financial impact of sustainability, the Center for Sustainable Business Monetization Methodology. We have found that if you imbed sustainability into business practices, it drives benefits like risk mitigation, employee engagement, and operational efficiency which results in outcomes like a lower cost of capital and better financial performance."

Excerpt from Marketplace -- "Airbnb is an accomodation company; Uber and Lyft are in transportation, but they fall under the tech umbrella."

Excerpt from Barron's -- "If 2018 has taught us anything, it’s that chaos is the new normal, and that it’s time to get smarter about anticipating change. But it also revealed an unsettling truth: We simply aren’t paying enough attention to meaningful signals in the present, and that’s why we’ve been caught in this constant cycle of surprise."

Excerpt from Goop -- "Do an audit and get a sense of what you’ve surrounded yourself with in your life, and in what ways you are potentially hearing the same voices, hearing some voices more than others, and perhaps reinforcing systems you do not mean to enforce. Systems that are exclusionary. These kinds of self-audits—that are quiet and private and no one needs to know you’re doing them—start offering hints as to what is happening in our lives."

Excerpt from Towards Data Science-- "Vasant Dhar, a Professor at NYU, the chief editor of 'Big Data' magazine said that '2018 saw the general increase of Big Data adoption in sciences, healthcare, government, and other industries. Cloud-based predictive analytics help to increase business efficiency, while legal regulations concentrate on security, data governance, and performance stability.'"

Excerpt from the Associated Press -- "When consumers start feeling uneasy or less wealthy, they forgo or postpone the big discretionary items on their budgets, says Priya Raghubir, a marketing professor at New York University's Stern School of Business. 'Large expenses such as home renovations, cars, all of those could be put on hold,' Raghubir says."
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Excerpt from Bloomberg-- "In a paper just published by the European Corporate Governance Institute, finance professors Sandeep Dahiya of Georgetown University and David Yermack of New York University studied the tax returns of more than 28,000 U.S. nonprofit organizations filed with the Internal Revenue Service between 2009 and 2016. The results make for grim reading."

Excerpt from Fox Business -- "Markets are always looking forward, and they're worried. We have a government shutdown and perhaps... what happens in March when we have to have the national debt rolled over and renewed? We've got a Secretary of the Defense who has resigned and is being forced out early. There's just a lot of uncertainty, a lot of worry, and that doesn't make the markets feel very good."

Excerpt from Financial Times-- "Roy Smith, a former partner and now a professor at New York University, says the fraud at 1Malaysia Development Berhad, or 1MDB, ranks among the biggest crises the bank has faced. 'It could conceivably have a much larger price tag on it [than other scandals] because these things escalate over time,' he says."

Excerpt from AFP -- "'If you look at the scandals, at Wells Fargo, at Volkswagen, underneath they were trying to make their quarterly numbers in unrealistic ways and they were being pressured to do so by analyst expectations,' Whelan said."

Excerpt from ACM -- "'Organizations using these methods walk a fine line,' says Tom Meyvis, a professor of marketing at the Stern School of Business, New York University. 'You can wind up with customers that, at one end of the spectrum, are angry about being mistreated, and others, at the other end of the spectrum, feel a deep sense of entitlement and are easily disappointed.'"

Excerpt from Money Inc. -- "'Many companies, like Uber and Lyft, are creating a new category in which investors have become more interested in revenues than profits,' Adamson said. 'There’s little consideration of the staying power of such companies. Instead, they care mostly about the first customers, who may be early adopters, and less so about where the next customers will come from.'"

Excerpt from Brookings Institute blog -- "Using U.S. Census data from 1990 to 2008, Tania Babina of Columbia Business School and Sabrina Howell of NYU Stern School of Business find that a doubling of a firm’s research and development spending increases the number of employees who leave to become entrepreneurs by 8.4 percent. One reason employees form start-ups rather than remaining with the parent firm is that risky ventures are often more successful when they are run as separate entities, which benefit from being highly focused and externally financed."