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  • – Research Center Events

    Executive Education Short Course: Valuation

    August 14, 2017
     The program will address discounted cash flow valuation and the estimation issues that arise when information is imprecise or unavailable, value enhancement through the prism of discounted cash flow models, and contrast techniques. It will also delve into other valuation approaches, such as the use of multiples and comparables in relative valuation, and the use of option pricing to value certain types of stocks and businesses.
  • luxury daily logo feature
    Excerpt from Luxury Daily -- "'[From a school perspective,] partners keep us relevant,’ said Kim Corfman, professor of marketing and academic director of the Fashion & Luxury one-year MBA at NYU Stern School of Business, New York. 'They ensure that we are educating students to solve problems that matter and that the solutions they create are of value. At a more practical level, partners provide us with live cases and projects to which students can apply what they have learned.' ... 'Luxury brands need people who understand both the retail environment and the challenges a business faces in the industry,' said Thomaï Serdari, founder of PIQLuxury, co-editor of Luxury: History Culture Consumption and adjunct professor of luxury marketing at New York University, New York."
  • economist logo feature
    Excerpt from The Economist -- "The equity-risk premium, or the annual excess return that investors demand to hold shares rather than bonds, is 5.03 points, against a pre-crisis average of 3.45 points, notes Aswath Damodaran of the Stern School of Business at NYU."
  • financial times logo feature
    Excerpt from the Financial Times -- "As Stephen Cecchetti and Kermit Schoenholtz nicely show, BNP’s halting of redemptions was followed by an immediate tightening of lending between financial institutions. Below is their graph of the Libor-OIS spread, which measures the difference between the rate at which big banks reported to be lending to one another over a measure of the safest market interest rate."
  • new york times logo feature
    Excerpt from The New York Times -- "Scott Galloway, a professor of marketing at New York University’s Stern School of Business, said Mr. Damore’s comments carried additional weight to people on either side of the political spectrum because he was an engineer at Google, one of the world’s biggest technology companies. Alongside other giants such as Facebook, Amazon and Apple, these companies 'are seen as pillars of our society,' Mr. Galloway said. 'Controversy and statements that emanate from these employees take on a different heft.'"
  • sydney morning herald logo feature
    Excerpt from the Sydney Morning Herald -- "It turns out that if the technology settings are right, we are far more likely to trust a stranger than their own colleagues or neighbours. Weird, huh? The findings are from a study co-authored by assistant professor Mareike Möhlmann at Warwick University, professor Arun Sundararajan at New York University, and two executives from BlaBlaCar, a ride-sharing platform that connects drivers and riders mainly for city-to-city travel. It's hitchhiking for the 21st century."
  • financial times logo feature
    Excerpt from the Financial Times -- "Thomas Philippon and Ariell Reshef have shown how closely linked pay has been to deregulation of the sector. The chart shows wages in the finance industry relative to the rest of the US economy, plotted against the two academics’ own “deregulation index”, which is based on legislative activity related to finance."
  • fox business logo feature
    Excerpt from Fox Business -- "The market was pleased. The predictions had been for the job growth to be a little smaller. So when the actual exceeds the predictions, the market is going to take that into account and that's all well and good. In addition, we've now been below 5% unemployment for over a year. We're basically back to where we were in 2007. And people forget 2007 was a pretty good year."
  • reuters logo feature
    Excerpt from Reuters -- "And don’t believe that the whole economic pie will grow if banks are freed up to make more loans. There is little evidence for that, as economists Stephen Cechetti and Kim Schoenholtz argue. ... They also say Mnuchin's plan would make the financial system less safe. Investors hoping the whole stock market will make them rich if banks lend more should look at how that worked out in 2005-2007."
  • financial post logo feature
    Excerpt from the Financial Post -- "The economists start with two facts. Competition has been declining in many U.S. industries, at least when measured by the number of competitors accounting for a given share of output (which they are quick to concede may not be the very best measure of competition). And investment has been lower than you’d expect, all else equal. In their view, these two trends are linked. Investment and innovation are things companies do when they have to, not when they want to."
  • BusinessBecause
    Excerpt from BusinessBecause -- "Prior to applying to business school, make sure you need an MBA in the first place. I've worked with applicants who don't like their jobs, and they know they want to do something different, but they're not exactly sure what that is. Is an MBA going to be the right path to make that career transition? Here's an example. You may be bored in your current job and attracted to the glamorous world of consulting, but how much do you know about consulting? Do you know how much travel is involved? Would you be happy on the road four days a week?"
  • australian financial review logo feature
    Excerpt from the Australian Financial Review -- "The few hours that remain are our discretionary time, when we might read a book, enjoy a hobby, call an old friend for a talk, play Monopoly with the family or get to the gym. According to Alter's research, our white space is increasingly consumed by computer screens and that's not making us happy."
  • KIRO radio logo
    Excerpt from Kiro Radio -- "What we're worried about is that other countries that may not have the same democratic traditions as Germany, may see this as a justification and cover to introduce similar laws of their own to crack down on political dissent and news that they disagree with."
  • cnbc logo feature
    Excerpt from CNBC -- "An S-curve like the one Musk has invoked compares what a company gets against the amount of effort or money spent to achieve it. Melissa Schilling, professor of management and organizations at NYU's Stern School of Business, said the curve starts low and slow because 'at first you don't know what the hell you're doing.' Companies experiment with designs, manufacturing methods, cope with failures and learn what works and what doesn't. 'You're pumping a lot of money in, and you're getting very little return,' Schilling said."
  • HR Digest logo 192 x 144
    Excerpt from HR Digest -- "According to the Dunning-Kruger effect, smart people realize they’re not very good and try to do better. On the other hand, stupid people think they’re good at whatever it is, and don’t try to get better and they don’t get any better either."
  • financial times logo feature
    Excerpt from Financial Times -- "The school’s admissions team, which has assessed about 50,000 essays over the past 15 years, likes innovation, according to Peter Henry, NYU Stern dean. They were looking for creativity and an ability to be succinct and accurate. What makes any application 'leap out from the pack' during the admissions process is that the writer can explain their career goals and how NYU Stern would help them achieve these, Prof Henry says."
  • bloomberg view logo
    Excerpt from Bloomberg View -- "Here is Aswath Damodaran on ‘The Crypto Currency Debate: Future of Money or Speculative Hype?’ … What I did not know is that there is a whole literature about analysts getting tired as the day goes on, and it is fascinating. Here for instance is 'Oh What a Beautiful Morning! Diurnal Influences on Executives and Analysts: Evidence from Conference Calls' by Jing Chen, Elizabeth Demers and Baruch Lev..."
  • CNBC logo feat
    Excerpt from CNBC -- "'The question that you would need to address, if you are paying $2,775 for a bitcoin on August 1, 2017, is whether you can (or even will be able to) buy $2,775 worth of goods and services with that bitcoin,' Damodaran said. He said bitcoin's high price can be justified if the digital currency becomes widely accepted as payment, especially since by design only 21 million bitcoins can ever exist. High demand for a limited supply of coins will naturally send prices higher."
  • clear admit logo feature
    Excerpt from Clear Admit -- "While the difference in the number of incoming students is minimal, the demographics that make up those students, however, differ from last year’s figures. The percentage of incoming students who are female jumped modestly from 35 percent to 38 percent. The percentage of admitted international students also slightly increased, moving up from 35 percent to 37 percent for the Class of 2019, representing 35 countries overall."
  • cnbc logo feature
    Excerpt from CNBC -- "We've had decreases in some crucial prices. That helps. But [low inflation] is a mystery. Labor costs are remaining low even though labor markets are in pretty good shape. 4.4% unemployment, that's back where we were in 2007. We've been below 5% unemployment now for over a year, and yet, labor costs are not going up, which would be an underlying cause for higher inflation. The Fed doesn't really understand it. Most academics don't understand why labor costs, why wages, aren't going up more rapidly."
  • wall street journal logo feature
    Excerpt from The Wall Street Journal -- "Applicants can share materials like drafts of a personal statement or a copy of their résumé, but ultimately a letter of recommendation 'should be the words of the recommender,' said Isser Gallogly, associate dean of M.B.A. admissions at Stern. In addition to the two recommendations Stern requires, it now has applicants ask a friend or colleague to write a 250-word statement highlighting traits like empathy and self-awareness. Mr. Gallogly said a friend’s endorsement gives admissions officers insight they might not get from professors or managers."
  • new york times logo feature
    Excerpt from The New York Times -- "'While the digital disruption is destroying the traditional retail business model,' Dr. Sundararajan said, 'the Amazon model that replaces it will continue to live in the physical world and require human labor for the foreseeable future.'"
  • ModelFeature
    This course teaches participants to harness the full potential of big data to make more informed decisions at all levels of their organizations. Participants will learn modern decision models and tools in prescriptive analytics. Through application of these tools, they will examine data, recommend a range of actions and evaluate each action’s impact on targeted performance metrics.
  • inc logo feature
    Excerpt from Inc. -- "Ari Ginsberg, a professor of entrepreneurship at New York University's Stern School of Management, characterizes the new proposals as encouraging. In particular, he cites a section of the outline devoted to small and medium-sized enterprises, which calls for the establishment of a special committee 'to ensure that the needs of SMEs are considered' in the broader agreement. 'The signals are much more positive than before for small businesses,' Ginsberg says."
  • dnainfo logo feature
    Excerpt from DNAinfo -- "They modeled what happens to Manhattan’s market with an influx of such investors, finding negative consequences for the welfare of the city when they leave their properties vacant. It forces locals farther out, resulting in longer commutes, which costs time and money, Van Nieuwerburgh said. 'When buying desirable properties in Manhattan, they’re pushing someone else out,' he added."