NYU Stern
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  • 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."
  • – School News

    MBA student Jon Katz is profiled

    June 6, 2014
    metromba logo
    Excerpt from MetroMBA -- "'I’ve always been an entrepreneur and I love the idea of working for yourself and putting passion into what you do on a daily basis,' Jon explains. 'Before Stern I was just an aspiring entrepreneur. The Stern MBA program has transformed me into a business executive with the skills and tools that I need to succeed as an entrepreneur.'"
  • 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."
  • mbaprograms.org logo
    Excerpt from MBAPrograms.org -- "The takeaways are learning what measurements from social media to use, and seeing the relationship between the actions you take on this platform and their results. 'The causal relationship is more useful and reliable than mere prediction,' says Ghose. All this, he adds, can improve one's management skills because they teach you how to use data to drive decisions."
  • msn logo feature
    Excerpt from MSN -- "'It's critical that you figure out who you are and be comfortable with it. What is important is what you do and how you do it, not where you come from or what you look like. That’s going to be very important for your future,' he said."
  • bloomberg businessweek logo feature
    Excerpt from Bloomberg Businessweek -- No one expected a lovefest when Meera Joshi, the chairwoman of New York’s Taxi and Limousine Commission, and David Estrada, the vice president of government relations for ride-sharing startup Lyft, sat on a panel to discuss 'Regulation and New Business Models' at a recent conference at New York University. Lyft would love to operate in New York City, but city regulations prohibit the startup’s version of a taxi service, in which nonprofessionals use private vehicles to shuttle passengers. This is exactly the kind of regulatory obstructionism that infuriates proponents of the so-called sharing economy, but an audience expecting fireworks was disappointed. The mutual affection was so thick that several times the moderator apologetically noted his inability to create any contentiousness."
  • entrepreneur logo feature
    Excerpt from Entrepreneur -- "In an experiment conducted at the Stern School of Business at New York University in 2003, male and female graduate students who assessed the leadership capabilities of a real-life successful entrepreneur named Heidi were far more inclined to admire this accomplished individual when she was recast as Howard. Judging the likeability factor. Students given the case study about Heidi perceived her as 'selfish,' 'out for herself,' and 'a little political' -- in short, not as likable as Howard. When this experiment was replayed in 2013, substituting Kathryn and Martin for Heidi and Howard, students actually liked Kathryn slightly better than Martin (8 versus 7.6) -- but they didn’t trust her nearly as much (6.4 for Kathryn, 7.8 for Martin). As the evaluators explained to CNN correspondent Anderson Cooper, who staged the replay, 'men seem more genuine,' whereas women seem to be 'trying too hard,' making them less trustworthy."
  • Next City logo
    Excerpt from Next City -- "Those five stages — technical possibility, social adoption, regulatory reaction, civil disobedience, and negotiated settlement — argued [speaker Clay] Shirky, are likely going to echo throughout the sharing economy over the next few years. And we’re at least on Stage Two; Shirky told of recently trying to street-hail a Manhattan taxi cab to take his nine-year-old daughter to dance class by waving his arms and scanning the horizon. His daughter’s assessment of that approach: 'Uh, Dad, don’t you have Uber?'"
  • 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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  • cnbc-tv18 logo
    Excerpt from CNBC-TV18 -- "Nobel laureate and an acknowledged authority on growth and policy in developing countries, Spence feels that on policy side, the government should have an open approach. 'The potential in India is enormous. The human capital, the talent and so on, it’s just a matter of getting the obstacles out of the way,' he told CNBC-TV18’s Latha Venkatesh."
  • project syndicate logo feature
    Excerpt from Project Syndicate -- "The main causes of these trends are clear. Anemic economic recovery has provided an opening for populist parties, promoting protectionist policies, to blame foreign trade and foreign workers for the prolonged malaise. Add to this the rise in income and wealth inequality in most countries, and it is no wonder that the perception of a winner-take-all economy that benefits only elites and distorts the political system has become widespread. Nowadays, both advanced economies (like the United States, where unlimited financing of elected officials by financially powerful business interests is simply legalized corruption) and emerging markets (where oligarchs often dominate the economy and the political system) seem to be run for the few."
  • Risk Management Symposium 2014
    NYU Stern’s 2nd Annual Risk Management Symposium convened professors and industry practitioners to discuss current global risk issues.
  • The Wall Street Journal
    Excerpt from The Wall Street Journal -- "Psychologists have long known that different cultures tend to think differently. In China and Japan, people think more communally, in terms of relationships. By contrast, people are more individualistic in what psychologist Joseph Henrich, in commenting on the new paper, calls 'WEIRD cultures.' WEIRD stands for Western, educated, industrialized, rich and democratic. Dr. Henrich's point is that cultures like these are actually a tiny minority of all human societies, both geographically and historically. But almost all psychologists study only these WEIRD folks."
  • The Righteous Mind by Jonathan Haidt
    Excerpt from The Huffington Post -- "We have learned a lot about the nature of humankind since the 1950s. In his best-selling book "The Righteous Mind," social psychologist Jonathan Haidt likens the human mind to a rider (reason) on an elephant (intuition). Back in the 1950s we thought that the rider was in charge, or ought to be. Evidence is accumulating from several fields that this view is wrong; the elephant is in charge and the rider is a much better rationalizer in hindsight than a reasoner in prospect. It seems that, with our limited conscious mental capacity, our minds have evolved to make fast 'good enough' decisions under pressure of time and conditions of uncertainty. Sometimes, especially in evolutionarily unfamiliar contexts, these intuitions play us false, but most of the time they work just fine and we couldn’t live without them."
  • cnbc logo feature
    Excerpt from CNBC -- "Everyone is worried about the economy, but overall you have to take the GDP numbers, you have to take the more macroeconomic factors as more of a 10,000-foot level and... in making specific investments, you have to narrow it down more to a company-specific investment and that's what I do in investing. That's what we do at Stern as well. I work in the student Michael Price investment fund and we're always looking at stocks. We're always evaluating different positions and poking holes in different theses..."
  • cctv logo
    Excerpt from CCTV -- "Now that China's become the world's largest investor – investing twice as much as the US last year in real terms, so it's really the largest investor by a wide margin – the efficiency of China's investment is a matter of global concern. And China's financial system will largely determine the efficiency of that investment because it's the financial system that decides which projects get financed. And China's financial system has been dominated by its banking sector, while the stock market's been a bit of a side show. But what our research is finding is that China's stock market is actually doing quite well and probably deserves more attention and more capital."
  • – Business and Policy Leader Events

    Macro-Financial Modeling Group Conference

    May 30, 2014
    Campus Tech Award
    The Macro-Financial Modeling Group will host its 2014 conference, focusing on sovereign credit risk and financial stability, at NYU Stern from May 30-31. 
  • – Faculty News

    Prof. Michael Spence on China's currency

    May 29, 2014
    cnbc logo feature
    Excerpt from CNBC -- "'I think the central bank is making occasional interventions to make traders understand that this [the yuan] can go up or down. It does look like tactical maneuvering more than anything else,' Michael Spence, professor of economics, at the NYU Stern School of Business, said on CNBC, with regards to whether the central bank was deliberately guiding the yuan lower in order to support the economy."
  • wired logo feature
    Excerpt from WIRED UK -- "The next time someone says that Twitter is worth $50 billion because it's going to have $100 billion in advertising revenue, stop them and ask, 'Well, if it's going to have $100 billion in ad revenue, then who's losing? Because it can't be coming from The New York Times, as most newspapers are penny change in this market. It's got to be coming from Facebook or Google. So if you have Twitter, Facebook and Google in your portfolio and you're telling me that each of these companies is going to be collecting enormous revenues, then I have a problem. Because you have all winners and no losers. It's not a zero-sum game; at some point for every winner there have to be some losers."

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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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