NYU Stern
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  • livemint logo feature
    Excerpt from Livemint -- "Joel Hasbrouck and Gideon Saar, in a paper published by the Journal of Financial Markets, wrote that low-latency activity (read HFT) improves traditional market quality measures such as spreads, depth and volatility and that they need not work to the detriment of long-term investors."
  • npr logo feature
    Excerpt from NPR -- "'When it comes to moral judgments,' [Haidt] says, 'we think we are scientists discovering the truth, but actually we are lawyers arguing for positions we arrived at by other means.'"
  • bloomberg businessweek logo feature
    Excerpt from Bloomberg Businessweek -- "On one of our first days on the road, we talked to a bowling alley owner who was doing an excellent job of using the Spence Signaling model, which says that potential employees may want to 'signal' their qualifications by taking some action (education, for example) that sets them apart from the masses. Economists love this model—Michael Spence won the Nobel Prize for it—and it gets presented to students in many MBA economics and human resources classes."
  • new york magazine
    Excerpt from New York Magazine -- "As Adam Alter, a psychologist at NYU who has studied name effects, explained in an email, 'When people aren’t sure what the candidates believe, they’re often swayed by irrelevant information, like the candidates’ names.'"
  • fox business logo feature
    Excerpt from Fox Business -- "Joseph Foudy says boomers’ longer career is positive for Social Security and other entitlement programs since it means people will be paying into the system longer. However, he adds 'it’s also disheartening how tough it is for Millenials. It’s not just the short-term hurdle of having to find a job, but it also means they aren’t building necessary skills most learn at entry-levels jobs and this hinders their entire careers. It’s a loss to the country’s potential productivity.'"
  • cnnmoney logo feature
    Excerpt from CNNMoney -- "While he doesn't believe China is at risk of a crash, Roubini says growth in the world's second largest economy will probably 'surprise to the downside.' He expects Chinese GDP to grow 7% this year then fall to 6.5% next year. It could slow further if policy makers fail to implement structural reforms aimed at making China's economic model sustainable, he added."
  • bloomberg logo feature
    Excerpt from Bloomberg -- "As important as it is to have resilience in the US economy, we live in an interconnected world. And, specifically, Europe is an important market for us. The European recovery remains anemic. A recent Bloomberg poll shows that roughly 3/4 of financial professionals are concerned about deflation. We're seeing some deflation in Portugal and Greece. In your mind, is the European Central Bank doing enough to ward off deflation? Is deflation a concern of yours? And then, finally, is the European Central Bank doing enough to encourage the kinds of structural reforms that you alluded to in the United States that also need to happen in Europe: labor market reform, and so on?"
  • american banker logo
    Excerpt from American Banker -- "'This book alleges that Fannie Mae and Freddie Mac were run as the largest hedge fund on the planet. The four authors, all professors at the Leonard N. Stern School of Business at New York University, argue that Fannie and Freddie should get out of the business of promoting homeownership for low-income households.' — Kate Berry, reporter at American Banker"
  • – Faculty News

    Prof. Aswath Damodaran on Uber's value

    June 10, 2014
    quartz logo
    Excerpt from Quartz -- "There’s no question Uber, which connects private drivers with people looking for rides, is a fast-growing concern that serves a real need in the market. But Aswath Damodaran, a New York University professor who makes a habit of publicly analyzing start-up values, says that the number is likely wishful thinking and a more accurate valuation is probably closer to $6 billion."
  • crains new york logo feature
    Excerpt from Crain's New York Business -- "'Small businesses are struggling with lower demand and the expectation of greater value while their rent and other costs aren't going down proportionally,' said Jeffrey Carr, clinical professor of marketing and entrepreneurship at New York University Stern School of Business."
  • globe and mail logo feature
    Excerpt from The Globe and Mail -- "'This is a setting that is very easy to be manipulated either by one individual bank or by a group of them,' said Rosa Abrantes-Metz, an associate professor with New York University's business school, whose research identified a series of unusual trades before the gold benchmark was announced. 'It completely lacks oversight and involves a very small group of competitors, so it is easy to co-ordinate behaviour,' she said."
  • bloomberg logo feature
    Excerpt from Bloomberg -- "During my time at the Bank of England, I often commented on the inverse relationship between the success of Aston Villa and the performance of the U.K. economy. During the past three years, as the economy started to recover, Aston Villa struggled. Its current turmoil bodes well for the strength of the recovery. In the longer term, the U.K. will continue to benefit from its ability to attract talent from around the world, whereas the England football team suffers from being forced to select only English players."
  • business insider logo feature
    Excerpt from Business Insider -- "David Yermack, a finance professor at New York University, has written a wonderful paper showing a correlation between the times CEOs take private jets to their vacation homes and movements in the company's stock. It is, perhaps, not surprising that CEOs go on vacation after announcing good news, and that they stay in the office when bad news is announced — propelling their stock up and down, respectively."
  • economist logo feature
    Excerpt from The Economist -- "'Collective attempts at liquidation to meet withdrawal requests would lead to ruinous fire sales,' write Stephen Cecchetti of Brandeis University and Kim Schoenholtz of New York University. 'After this happened even once, people would simply flock to the narrow banks, and there would be no source of lending.' To prevent this, the authors argue, governments would have to intervene to save the 'not-so-narrow intermediaries.'"
  • forbes logo feature
    Excerpt from Forbes -- "If you can engage your strengths, you’ll find more gratification in work; if you find gratification, you’ll shift into a more positive, approach-oriented mindset; and in such a mindset it will be easier for you to see the bigger picture—the contribution you are making to a larger enterprise—within which your job might turn into a calling. Work at its best, then, is about connection, engagement, and commitment."
  • – Faculty News

    Prof. Luke Williams discusses Uber's valuation

    June 6, 2014
    fox business logo feature
    Excerpt from Fox Business -- "I think it's less about Uber and it's about the sharing economy. This is the biggest thing that investors have been excited about in a long time. The reason why? The sharing economy - it's not just an economic revolution, it's a behavioral revolution. These companies like Uber are shaping and changing behavior."
  • fox business logo feature
    Excerpt from Fox Business -- "You've got to be about sales and distribution at this point. You've got the platform, it's all about making that pitch pitch-perfect for the venues - what are the advantages in making the change because they're steeped in inertia, these whole point-of-sale systems. That's going to be the big challenge for you guys."
  • techonomy logo 192x144
    Excerpt from Techonomy -- "Conversely, big cities—as progressive as they might be—often struggle to attract sharing platforms because of their strict and complex regulations. Such cities should be updating their regulations, Sundararajan said, because cities that embrace the sharing economy will see more economic growth than cities that don’t."
  • fortune logo feature
    Excerpt from Fortune -- "Kim Schoenholtz, a professor at NYU Stern School of Business, said that, to make a real difference, the ECB would have to buy around €1 trillion in assets, but said that would involve buying all manner of low-quality debt and would trigger yet another political storm. 'Unfortunately, it’s very difficult for them to have a substantial impact without breaking glass,' Schoenholtz said."
  • financial times logo feature
    Excerpt from Financial Times -- "Scott Galloway, clinical professor of marketing at the NYU Stern School of Business and founder of L2, a think-tank for digital innovation, advises: 'The best collaborations let bloggers do what they do best: curate content that resonates with their established audience. Discerning readers will quickly detect when a blogger has gone corporate.'"
  • globe and mail logo feature
    Excerpt from The Globe and Mail -- "Figuring out the backdating issue began in the 1990s with research by David Yermack, a finance professor at New York University. His work showed that several companies were awarding options and then seeing the stock price rise after the grant date. He believed executives were using insider information to pick the dates, knowing positive news was in the works which would drive up the price. (This is known as spring-loading)."
  • business insider logo feature
    Excerpt from Business Insider -- "Since that was more than three times higher than any other NBA team had sold for and matched the price tag for the most expensive sports franchise sale in US history (the sale of the Los Angeles Dodgers in 2012), the bid raised questions about whether a sports franchise can be valued, how it is priced and whether there is an ego premium embedded in this particular offer. I am not a Clippers fan, but I love sports, and these questions not only deserve answers but have broader implications for valuing entertainment and media businesses."
  • huffington post logo feature
    Excerpt from The Huffington Post -- "Economist William Baumol noticed that in certain of our endeavors labor costs continue to rise though labor productivity does not increase. His famous example was a Beethoven quartet which takes exactly as much time to play today as it did one hundred years ago and with exactly the same number of players. But those musicians now make more money."
  • harvard business review logo feature
    Excerpt from Harvard Business Review -- "Boeing’s decision to minimize its assets was made with Wall Street in mind. RONA is used by financial analysts to judge managers and companies, and the fixation on this kind of metric has influenced the choices of many firms. In fact, research by the economists John Asker, Joan Farre-Mensa, and Alexander Ljungqvist shows that a desire to maximize short-term share price leads publicly held companies to invest only about half as much in assets as their privately held counterparts do."
  • make it better logo
    Excerpt from make it better -- "'Makeup is a very crowded category and it's tough to get noticed,' Craig says, so movie branding is one way to stand out. And even though many of the branded cosmetics are available for only a fleeting time, it may be long enough to spur a sale to a new customer. 'People who like the star and like the movie think, "I'll try it,"' he says. 'People see it and they want to be part of that magic.'"

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Contact NYU Stern Public Affairs

If you're a member of the press, please contact Stern’s Office of Public Affairs at:

Phone: 212-998-0670
Fax: 212-995-4950
Email: paffairs@stern.nyu.edu

Or contact us directly:

Joanne Hvala, Associate Dean
(212) 998-0995; jhvala@stern.nyu.edu

Jessica Neville, Executive Director
(416) 516-7677; jneville@stern.nyu.edu

Rika Nazem, Director
(212) 998-0678; rnazem@stern.nyu.edu

Carolyn Ritter, Senior Associate Director
(212) 998-0624; critter@stern.nyu.edu

Anna Christensen, Associate Director
(212) 998-0561; achriste@stern.nyu.edu

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