Experience Stern | News & Events

Excerpt from the Economic Times -- "As highlighted by Arun Sundararajan of New York University Stern School of Business in his book, Sharing Economy: The End of Employment and the Rise of Crowd-Based Capitalism, such sharing platforms have created 'invisible infrastructure' and are shaping the urban infrastructures of the future."

Excerpt from Institutional Investor -- "A new study finds that private equity buyouts in the education industry lead to higher enrollment and profits, but not better outcomes for students."

Excerpt from NPR -- "So the first great untruth that we talk about is what doesn't kill you makes you weaker. So obviously, everybody knows the, you know, the great truth is what doesn't kill you makes you stronger because people are anti-fragile. We actually need challenges. We need to sometimes even be afraid in order to overcome our fears. And if we try to protect kids from that, we actually are damaging them."

Excerpt from Marketplace -- "'In a market that’s so competitive and so saturated with so many options for customers, it just doesn’t make sense to have a service that charges, you know, three times, four times what everybody else is charging,' he said."

Excerpt from Boston.com -- "'Most of us avoid saying names that we don’t know how to pronounce,' Chugh said. 'Another thing I noticed I do, and I think others do as well, is we avoid that person, we avoid interacting with them and saying their name because we are afraid we can’t say their name properly.'"

Excerpt from Marketplace -- "I think that in broad strokes, the societal issues that were raised in 'Demolition Man,' but also in movies like 'Blade Runner' and a lot of the science fiction that was written in the '50s and '60s, they all touch upon the same points. What happens if we preserve the status quo and we wind up with polarized political views?"

Excerpt from The New York Times -- "You can liken it to aiming for a healthy diet, Dr. Alter explains: 'Older kids understand the concept of balance intuitively -- they know that it’s important to eat healthy foods alongside candy and dessert, and the same is true of the "empty calories" that come from spending too much time passively gazing at screens. There’s a time for screens, but not at the expense of time for physical activity and connecting with real people in real time.'"

Excerpt from Foreign Affairs -- "Ghemawat bases his recommendations, in part, on the distance between the country in question and the company’s home—measured not only in geographic terms but also in terms of language and culture. Executives, he warns, should consider each potential new market carefully and critically. Ghemawat aims his advice at businesspeople (and business students), but his work will also enlighten readers outside the business world who want to understand international trade and investment."

Excerpt from TRT World -- "The imported steel, the imported aluminum that is setting the price, and if a tariff means that price goes up, then the domestic price is going to go up."'

Excerpt from CNNMoney -- "'I think the real opportunity is in coming up with government oversight that pushes the platforms to creatively use technology to increase safety,' he said. 'It puts the onus on the platforms who are far better equipped than anyone else to use data and machine learning in ways that could make things safer.'"

Excerpt from Fast Company -- "'[It] creates psychological distance between the powerful person and everything else,' says Batia Wiesenfeld, a management professor at New York University’s Stern School of Business."

Excerpt from BEME News -- "JP Eggers, a professor of management and organizations at NYU, told me to think about early Teslas. They were luxury vehicles with hefty price tags, but that cash flow from well-off early adopters sustained Tesla long enough to A) pursue cheaper vehicles and B) build out a charging station infrastructure."

Excerpt from WalletHub -- "The issue is the uncertainty surrounding the extent of the tariffs/restriction imposed by Trump. Tariffs are bad for the economies of all involved. The issue is that Trump keeps changing the rhetoric, so other countries are hesitating if to retaliate. For now this shows up in volatility (e.g. VIX) and other measure like Ambiguity. Once a trade war starts there is no doubt that the markets will decline big time."

Excerpt from YourStory -- "'All of the innovators pursued their projects with remarkable zeal, often working extremely long hours and at great personal cost,' Melissa explains. They made the most of their creativity, originality, effort, persistence and situational advantage."

NYU Stern welcomes new faculty for the 2018-2019 academic year.

Excerpt from the Financial Times -- "A good place to start, in the literature from this year's symposium, is a primer by Thomas Philippon of NYU, summarising the evidence on whether industry concentration has been discouraging companies from investing in new plants and equipment."

Excerpt from Axios -- "'In some towns, [Sears is] arguably the only viable department store ... In many malls, they are the anchors,' says Herb Kleinberger, a professor of retail at NYU's Stern."

Excerpt from Forbes -- "Ikonick, the brainchild of Jeff Cole and Mark Mastrandrea, launched 15 months ago, selling their canvas art prints at prices ranging from $40-$700. The company was a way to monetize Cole’s popular Instagram account with 400,000 followers, and his eye for aesthetically pleasing, emotional images with 'prescriptive thought/messages.' The result, he believed, was artwork Millennials would want on the walls of their homes and offices. The company claims it has been cash-flow positive since its first month and is approaching $10 million in sales since launching 15 months ago. Ikonick has signed deals for Muhammed Ali and the NBA."

Excerpt from ThinkAdvisor -- "'The Bitcoin Boom: Asset, Currency, Commodity or Collectible?' by Aswath Damodaran, finance professor, NYU Stern School of Business: 'Bitcoin is not an asset class. You don’t invest in Bitcoin; you trade it. Bitcoin is a young currency.'"

Excerpt from Coinbase -- "Yermack says he first developed the class because he was interested in bitcoin and how quickly interest in the cryptocurrency was growing. But other reasons soon emerged, notably demand from companies for people who understood cryptocurrency-related issues. Now, he sees his class as a way to give students the skills they’ll need for jobs in the future. 'A process is well underway that will lead to the migration of most financial data to blockchain-based organizations,' he says. 'Students will benefit greatly by studying this area.'"

Excerpt from The New York Times -- "'When adult-supervised activities crowd out free play, children are less likely to develop the art of association,' Lukianoff and Haidt write, along with other social skills central to the making of good citizens capable of healthy compromise. Worse, the consequences of a generation unable or disinclined to engage with ideas and interlocutors that make them uncomfortable are dire for society, and open the door — accessible from both the left and the right — to various forms of authoritarianism."

Excerpt from The Guardian -- "New York’s approach is one of the harshest, said NYU professor of business Arun Sundararajan. 'We have among the most restrictive Airbnb laws, and I think it will hurt the city in the long term,' he said."

Excerpt from Medium -- “I try to put my phone on airplane mode on weekends so I can take photos of my two young kids without interruptions from emails and other needy platforms.”
 

Excerpt from Bloomberg -- "The way a good firm translates to a good economy is that the good firm should hire and invest more and the issue we have seen is that these firms are great, they are productive and they are making lots of money, but they don't invest and hire as much as they should and as much as other successful firms did in the past. So that's the missing link between this efficient firm and this relatively inefficient economy."

Excerpt from The CPA Journal -- "A report on research into the effect of audit committees in the March 2018 CPA Journal (April Klein, 'Questioning the Effectiveness of Independent Audit Committees: Does the Current Regulatory Regime Improve Reporting Quality?' http://bit.ly/2LFI6mg) describes measuring various market and other effects of the audit committee and finding none..."