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  • forbes logo feature
    Excerpt from Forbes -- "The bottom line is that this looks like a bad deal for the wrong company, at the wrong time and at the wrong price -- the wrong company because Allergan’s accounting statements are a mine field due to acquisition accounting, the wrong time because we may actually be on the verge of a major change in US corporate tax code and at the wrong price because of the premium on an already large market capitalization."
  • gizmodo logo 192x144
    Excerpt from Gizmodo -- "The original Dunning-Kruger effect ... showed up when participants were asked to rate their performance after a task had been completed. It relies on the fact that the lack of knowledge exhibited by those scoring in the bottom percentile would render them ill-equipped to accurately evaluate their own performance."
  • wall street journal logo feature
    Excerpt from The Wall Street Journal -- "For most global industries, the shared responsibility model would be a bold step forward. In Bangladesh, it should start locally with the government and local manufacturers convening all the main stakeholders to develop a common plan of action."
  • project syndicate logo feature
    Excerpt from Project Syndicate -- "If the global economy remains on its current trajectory, a period of intense volatility could destabilize a number of emerging economies, while undermining development efforts worldwide. That’s why policymakers must act now."
  • wired logo feature
    Excerpt from WIRED -- "'I think it’s based on associations rather than physiology,' says NYU psychologist Adam Alter, who wrote a book, Drunk Tank Pink, that examines this phenomenon. 'I’m open to being convinced otherwise, I just haven’t been yet.'"
  • wall street journal logo feature
    Excerpt from The Wall Street Journal -- "But Arun Sundararajan, a professor at New York University’s business school, said Lyft’s increase in trips this year showed 'impressive growth,' a sign it could continue to increase its market share despite an uphill battle against Uber. 'Don’t count Lyft out,' he said."
  • luxury daily logo feature
    Excerpt from Luxury Daily -- “While we are not used to storytelling around the processes of perfume production, the documentaries capture the attention of the consumer with powerful visuals, pertinent context, and enriching background sounds as to prepare the senses for the olfactory experience that each perfume promises."
  • institutional investor logo feature
    Excerpt from Institutional Investor -- "'For any long period of time, private equity has dramatically outperformed public markets,' Schwed says. 'But not in the years after the 2008 financial crisis.'"
  • – Research Center Events

    First Annual Volatility Institute at NYU Shanghai (VINS) Conference

    November 20, 2015
    KMC flags_feature
    On November 20, 2015, at NYU Shanghai’s campus in Pudong, the Volatility Institute at NYU Shanghai (VINS) held its First Annual Conference. The conference was prepared in cooperation with the Economics School at Fudan University as well as Pudong Institute of Finance, and was centered on the theme of “Liberalizations in Emerging Markets.”
  • – Research Center Events

    NET Institute Conference on Network Economics

    November 20, 2015
    KMC Street View Feature
    Distinguished academics from around the world will convene to share their research in the rapidly evolving field of network economics at the 2015 Fall NET Institute Conference on Network Economics, Electronic Commerce, and Platform Competition, held in partnership with NYU Stern’s Center for Global Economy and Business.
  • bloomberg logo feat
    Excerpt from Bloomberg -- "'A low PE ratio can be indicative of cheapness, but it can also be the result of high debt ratios and low or no cash holdings,' Damodaran wrote in a June blog. 'Conversely, a high PE ratio can point to over priced stocks, but it can be caused by high cash balances and low debt ratios.'"
  • reuters logo feature
    Excerpt from Reuters -- "'There is also the very real concern that some venture capitalists who believe that they are protected from downside risk (even if that belief is misplaced) may be inclined to take reckless risks in investing,' [Damodaran] wrote."
  • financial times logo feature
    Excerpt from Financial Times -- "'The bottom line is that this looks like a bad deal for the wrong company, at the wrong time and the wrong price,' said Aswath Damodaran, a finance professor at New York University’s Stern School of Business, in a blog post this week."
  • time magazine logo feature
    Excerpt from TIME -- "The economy of Paris is built on its nightlife and cultural offerings. Following the Charlie Hebdo attacks, restaurants and bars saw 68 percent of their reservations cancelled—given the targets this time around, Paris should brace itself for worse. Friday morning’s economic report detailed that the French economy had started growing again on the back of strong consumer confidence—consumer spending had increased 2.6 percent in September compared to the same time last year. That confidence may have taken a big hit."
  • wallethub logo
    Excerpt from WalletHub -- "Consumers need to be aware that while these deep discounts are often very good, they are offered to lure customers into the store with the hope that once they are there they will buy more. So, consumers should plan and be disciplined about what they want to buy and where they want to buy it and have done their homework before on who offers the best prices for the items they want to buy. Consumers who go after these deals should have a back up plan made ahead of time of what they will do if they are not one of the lucky ones to get the deal."
  • atlantic logo feature
    Excerpt from The Atlantic -- "'It’s not a very well informed debate,' said Robert Engle, a professor of finance at New York University’s Stern School of Business and a Nobel Laureate in economics. 'Ultimately there are going to be enormous costs involved. The costs to business and society I think are likely to be enormous. Even so far as saying that life as we know it can’t survive, that’s the ultimate risk.'"
  • abc news logo feature
    Excerpt from ABC News -- "Priya Raghubir, marketing department chair at New York University's Stern School of Business, said the ads made her 'laugh out loud.' 'I was surprised because ... Hallmark’s commercials are annoyingly sweet,' she told ABC News. 'I wouldn’t expect this from Hallmark. The company is making fun of its own stereotype, this picture-perfect world.'"
  • newsroom america logo
    Excerpt from Newsroom America -- "'This very interesting research demonstrates the prediction of election outcomes at the state and county levels based on an analysis of television viewership across the country,' says Big Data Editor-in-Chief Vasant Dhar, Professor at the Stern School of Business, New York University. 'The results from the predictive model provide useful insights into some of the major drivers that drove 2012 election results. It will be very interesting to see the model applied to the 2016 elections.'"
  • bloomberg view logo
    Excerpt from Bloomberg View -- "Ironically, the solution to Europe’s immigration crisis is of the kind that Europe could not reach during the euro crisis: the issuing of security and mobility bonds (SMBs). These bonds offer the kind of financial engineering, macroeconomic policy and political economy Europe needs to mobilize collective resources and fund its immigration policy while preserving open internal borders."
  • bloomberg logo feat
    Excerpt from Bloomberg -- "There's no question that French government first and foremost is having a much harder time dealing with this than they did after the Charlie Hebdo attacks in January. That's probably the biggest takeaway. Three months guaranteed of state of emergency, coming into Christmas season. It's going to hurt the economy. It's going to hurt Hollande."
  • cnbc logo feature
    Excerpt from CNBC -- "We're not going to have a global recession because China is going to be able to avoid a hard landing. Therefore, the stock market is going to go up there. Their currency is going to be stable. And therefore, it's not going to be a contagion to other emerging markets."
  • mit sloan management review logo feature
    Excerpt from MIT Sloan Management Review -- "Today’s rapid pace of technological change has fundamentally transformed global IT outsourcing. Traditionally viewed as a cost-saving measure, IT outsourcing is increasingly leveraged as a strategic tool for acquiring cutting-edge innovation. Many companies are expanding their portfolios of IT suppliers to include smaller, highly innovative companies. This pursuit of emerging technologies and capabilities, however, has elevated the complexity of managing supplier portfolios. The outsourcing practices that companies have been maturing in the past decade are under a new level of duress. Today, organizations need to reimagine IT outsourcing strategies in increasingly turbulent business environments."
  • wall street journal logo feature
    Excerpt from The Wall Street Journal -- "In a speech on Monday, HUD Secretary Julián Castro said he believed the FHA’s decision to lower mortgage costs this year contributed to the rapid growth in home prices and sales. 'Today, the housing market is better off because of our actions,' Mr. Castro said."
  • Secretary Julian Castro event_feature
    US Department of Housing and Urban Development Secretary Julián Castro will deliver an economic and housing policy speech at NYU Stern.  As part of his remarks, Secretary Castro will discuss the overall housing market recovery under the Obama Administration and highlights of the Federal Housing Administration’s (FHA) 2015 Annual Report to Congress.
  • business insider logo feature
    Excerpt from Business Insider -- "'This recession has been more persistent than others because it was perceived as an extremely unlikely event,' wrote the economists in a new study. 'Observing the crisis in 2008-09 caused agents to re-estimate macro risk. For example, in 2006, no one raised the possibility of financial panic. Today, the question of whether the financial crisis might repeat itself arises frequently and option prices continue to reflect heightened tail risk (defined as the probability of large adverse shocks).'"