Experience Stern | News & Events

The Seventh Annual NYU Stern Volatility Institute Conference brought together academics, practitioners and regulators to discuss the latest research and ideas on "Fixed Income Risk: Measurement, Modeling and Management."

Excerpt from The Washington Post -- "Although the government has registered only about 3,400 factories, Sarah Labowitz, director of the Center for Business and Human Rights at New York University, has estimated that there are closer to 6,000 -- many of them smaller buildings that subcontract with the larger companies when big orders come in. 'It’s really about the invisible factories,' Labowitz says. 'There’s a network of thousands of factories that don’t maintain direct relationships with buyers. Nobody knows how many there are.'"

Excerpt from TIME -- "Even for those migrants who safely reach European shores, their troubles are far from over. The EU requires that asylum petitions be processed by the country in which migrants first arrive. As a result, southern countries such as Malta, Italy and Greece have found themselves overwhelmed by the sheer numbers of incoming migrants, while richer northern countries receive relatively few."

Excerpt from NPR -- "'I myself have been selling stocks and raising cash, because I think I might be able to buy a lot of these stocks at lower prices, say 6 months or a year from now,' says Richard Sylla, a financial markets professor at NYU's Stern School of Business. And that means he knows about all kinds of esoteric-sounding yardsticks for measuring the stock market. On some metrics, like the 'Shiller CAPE ratio,' he says, 'our markets as a whole, they are as high as any time except 1929, 1999 and 2007.'"

Excerpt from MarketWatch -- "Crowdfunding for medical costs isn’t a new phenomenon per se. Communities have long rallied around people in need, whether that’s a house of worship taking up a collection for a grieving member or a school holding a fundraiser for a sick student. Indeed, helping 'has always been network-based,' said Jason Greenberg, assistant professor of management at NYU Stern School of Business. Before the Internet, it was just done on a much smaller scale."

Excerpt from Bloomberg -- "Cecchetti and co-author Kermit Schoenholtz, of New York University’s Stern School of Business, suggest a 'cash reserve account' that would keep people from having to pay for things by sending cash in armored trucks. During the day, funds in the account would be payable just like money in a checking account. But every night they’d be swept into cash held in a vault, sparing the money from the negative interest rate that would apply to money in an ordinary checking account."

Excerpt from Reuters -- "'This will raise concerns about the stability of financial markets,' said Robert Engle, finance professor at New York University's Stern School of Business. 'That this trader could put the markets in a tailspin with actions that are hard to detect is bad news.'"

Excerpt from Fortune -- "Within two to four weeks, Greece will not be able to pay salaries, pensions and loan obligations to the International Monetary Fund and other lenders. The clock is ticking and time is running out. Greece must grasp the only lifeline left and negotiate with creditors now to save itself."

Excerpt from CNBC -- "To figure out which big oil stocks screen as being a default risk, we used the Altman Z-Scores Plus website, founded by a former student of the Z-Score creator, New York University finance professor Edward Altman. Altman is known for his corporate distress prediction models. An Altman Z-Score of below 1.81 is considered a red flag."

Excerpt from TIME -- "The international community favors an Iran deal, and the American public is wary of undertaking military actions that could lead to another Middle East war."

Excerpt from Marketplace -- "They're always difficult cases to make, because, as with the Dodd-Frank law, it's going to turn on intent - putting out a better offer that you don't intend to execute - and in any legal situation, intent is difficult to establish."

Excerpt from Financial Times -- "Although the research was designed to develop an economic model to predict the effect of peer-to-peer lending, it has highlighted clear benefits for society as well. 'It [peer-to-peer lending] has got a democratising effect on access to nice stuff,' says Prof Sundararajan. 'You are democratising access to a higher standard of living.'"

As a part of the Conversations on Urbanization series held by NYU Stern’s Urbanization Project, Paul Romer, Director of the Urbanization Project and Professor of Economics spoke in a public presentation with Sergio Fajardo, Governor of Antioquia and former Mayor of Medellín.

John Sexton, president of New York University, delivered the 2015 Ashok C. Sani Distinguished Scholar-in-Residence Lecture to a packed auditorium of undergraduate students, alumni and guests from the family of alumnus Ashok C. Sani (BS ’74).

Excerpt from Quartz -- "In a new study of a trucking company in the midst of adopting Toyota’s famous lean principles (which emphasize respect, humility, and collective outcomes over individual ones) researchers from NYU and Columbia found that putting up a leaderboard comparing individual performance had vastly different effects, depending on whether or not an individual site had undergone the new cultural training."

Excerpt from HuffPost Live -- "[The potential merger] gets closer to a monopoly, but keep in mind that these companies are in different local areas, so they're not typically competing head-to-head. On the other hand, they all participate in the market of buying movies and video to show and there they will have much more power to squeeze the studios to give them lower prices. So that's a major issue, I think, for the Department of Justice."

Excerpt from TIME -- "Just 110 miles off the coast of Florida, Cuba should be a natural magnet for American travelers. Despite needing to meet special criteria to receive a visa from the State Department—allowable categories include educational and journalistic activities—170,000 Americans visited the country last year. As the restrictions slacken, the sky is literally the limit."

Excerpt from Poets & Quants -- "'Focusing on the questions that you want to ask students, that really helped me become a better teacher,' Hegde says. He also learned how important it was for a professor to listen to students, and focus on what they were taking away from class content, to be sure they had the necessary understanding, and to adjust the content to maximize learning, he says. And finally, Hegde says, it’s important for B-school instructors to avoid teaching the answers to questions and problems. 'Students are both more likely to enjoy learning and to enjoy lessons by discovering it themselves.'"

Excerpt from Forbes -- "Prof. Pankaj Ghemawat, (Redefining Global Strategy, 2007), a leading expert on globalization, outlines three generic strategies to create value..."

Excerpt from China Daily -- "Analysts in academia from across the globe reviewed that market on April 17 at New York University's Stern School of Business. It was sponsored by Stern's Center for Global Economy and Business and the Center for Real Estate Finance Research."

Excerpt from The New Yorker -- "Indeed, a major study by the economists Xavier Gabaix and Augustin Landier, who happen to believe that current compensation levels are economically efficient, found that if the company with the two-hundred-and-fiftieth-most-talented C.E.O. suddenly managed to hire the most talented C.E.O. its value would increase by a mere 0.016 per cent."

Excerpt from The News Journal -- "April Klein, an accounting professor at New York University's Leonard N. Stern School of Business, agreed that Peltz's plans for DuPont has commanded institutional investor's attention. 'Once other investors see a hedge fund has a plan to increase shareholder value, they begin to support that hedge fund,' Klein said. 'It's really that simple.'"

Two teams from NYU Stern were among the 10 finalists in the Morgan Stanley Sustainable Investing Challenge, which seeks to develop institutional-quality investment vehicles that produce positive environmental or social impact in addition to competitive financial returns.

Excerpt from Marketplace -- "In recent years Cadillac has had little to tout besides its high end Escalade SUV. In order to become relevant again, Serdari believes the brand needs to cut back its offerings, and go upmarket to firmly re-establish itself on the high end of luxury, a place BMW, Audi and Mercedes already occupy. 'Then perhaps they can reverse their strategy and start targeting the mass market with less expensive models.'"

Excerpt from Forbes -- "'Google+ is already dead,' said Scott Galloway, Clinical Professor of Marketing, NYU Stern, Founder & CEO of L2, a business intelligence firm, in Munich last month. 'It has a 98% decline in engagement rate, year-over-year.'"