Experience Stern | News & Events

Excerpt from FriendFactor -- "Congratulations to this year's #1 ranking school, the NYU Stern School of Business! Stern came up from the #7 spot to take 1st place with a whopping 98% participation among their student body, activated through 28 activities including an ally training series and a massive April Ally Week."

Excerpt from Los Angeles Times -- "'He's the person that set up the financial system,' Sylla said. 'He may have been the most important figure in terms of setting up this country.'"

Excerpt from Bloomberg -- "'The extreme economic uncertainty coupled with fears of currency change have driven withdrawals to unprecedented levels, wiping in four days the cushion of about 3 billion euros of the Greek banking system,' said Nicholas Economides, professor of economics at New York University’s Stern School of Business."

Excerpt from Citywire -- "Jennifer Carpenter and her co-researchers at NYU Stern School of Business suggested last year [the diference between China's A share and other markets] might be due to the isolation of the domestic market, effectively bidding up the cost of funding, this would have a larger effect the greater the ratio of equity capital to capital expenditure. '[This] amounts to an inflated cost of equity capital, constraining the investment of China’s smaller, more profitable enterprises,' they said."

Excerpt from The New York Times -- "'The real question is not when they start but how fast and how high they go,' said Kim Schoenholtz, an economist at New York University. 'And what we’ve seen is they keep scaling back the equilibrium rate they intend to reach and the pace they intend to get there.'"

Excerpt from L2 ThinkTank -- "When Facebook first went public, I valued it as a Google wanna-be — a company that if it was like Google would be a success. … When I value Facebook today, I no longer value it as a Google wanna-be. … Google is going to be the Facebook wanna-be in this market." -- Aswath Damodaran

Excerpt from The Atlantic -- "In addition to tax policies that reward work, cities can think creatively about ways to lower the costs of goods and services sold within their jurisdictions. In most of the cities that Americans would characterize as expensive, for example, housing is especially unaffordable because regulatory bottlenecks keep enough of it from being built. For many cities, easing constraints on the supply of housing could help paychecks stretch further."

Excerpt from CCTV -- "This is not a policy without dangers, because very cheap money creates speculation in commodities and other markets. ... Given what they say is their target inflation rate, they should try to catch up with it as soon as possible."

Excerpt from Project Syndicate -- "China’s leaders surely want international recognition of their country’s global stature. But they also want China’s rise to high-income status to occur in a way that is – and that is perceived to be – beneficial to its neighbors and the world. The new external focus of China’s growth and development strategy seems to be intended to make that vision a reality."

Excerpt from TIME -- "'My students, men and women, talk much more openly about an expectation of work-life balance,' Sonia Marciano, a professor at NYU’s Stern School of Business, told the Times. 'It’s a shift that seems pretty real and substantial.'"

Excerpt from SF Gate -- "Reclassifying drivers as employees could force Uber and other companies to rely on fewer workers who would work longer and more structured hours, eliminating the flexibility that makes them appealing, said Arun Sundararajan, a New York University business professor who studies the on-demand economy. While big companies like Uber and Lyft could handle the financial hit, smaller ones may determine that their business models are no longer viable, he said."

Excerpt from The Trusted Professional -- "According to Paul A. Zarowin, an accounting professor at New York University’s Stern School of Business, there is a school of thought, which he himself subscribes to, that 'our financial reporting and disclosure system is as good as it gets,” and that switching to IFRS is a situation where “we have everything to lose and nothing to gain.'"

Excerpt from MIT Sloan Management Review -- "...the data suggest that most international interactions are, in fact, semiglobalized, and closer to the 'zero-integration' extreme than to the 'complete-integration' extreme — usually by a wide margin. And in terms of changes, a globalization index that one of us (Ghemawat) compiles annually indicates that current levels of globalization are still below those reached before the global financial crisis."

Excerpt from Harvard Business Review -- "Why is it that a vacation seems like a great idea when we first plan it, but feels like more and more of a burden the closer it gets? It all comes down to distance. Over the past 15 years, quite a bit of research has focused on what Yaacov Trope and Nira Liberman call construal level theory. The idea is that the more distant some object or event is for you, the more abstractly you think about it."

Excerpt from Bloomberg -- "Because there’s no precise definition of what’s included in the sharing economy, pinpointing its size is tough. According to a 2014 study by PricewaterhouseCoopers LLP, the sector had $15 billion in annual revenues in 2013, which could grow to $335 billion by 2025. Arun Sundararajan, a professor at New York University’s Leonard N. Stern School of Business who researches the sharing economy, puts that number anywhere between $150 billion and $1 trillion in a 'few' years’ time."

Excerpt from The New York Times -- "Regulation of Airbnb cannot by itself solve San Francisco’s housing shortage, whatever form the regulation might take. It is critical that city governments treat platforms like Airbnb as partners in finding new regulatory solutions, rather than casting them as the protagonists in conflicts between existing regulations and the new commercial behaviors they enable."

Excerpt from Bloomberg -- "This would be a total disaster for Greece. People would lose a big percentage of their incomes. They have already lost 25%, but they might lose 50% more. So, given the circumstances, it's not going to be a great deal, but bankruptcy is much, much worse."

Excerpt from The Washington Post -- "'These are [brands] that really control the supply, and therefore they manipulate the market and the desire for their products,' said Thomaï Serdari, a professor who teaches luxury marketing courses at New York University."

Excerpt from Harvard Business Review -- "Make sure your innovation efforts are aimed at the expectations and needs of the next wave of adopters, not just those on the leading edge. Firms often have much more data on current users than prospective customers, and in organizations that put a lot of emphasis on data, the consequence is that projects targeting existing users tend to win resources while those targeting new ones don’t. Firms need something other than beta testing with existing users to figure out how late adopters might respond to a given innovation."

Excerpt from Pensions & Investments -- "The AQR Capital Management principal and finance professor at both Copenhagen Business School and New York University's Stern School of Business, said in an interview that he worked on the book, 'Efficiently Inefficient: How Smart Money Invests and Market Prices Are Determined,' for more than four years. 'I wanted to really research how trading works, the nature of trading and how it affects financial markets,' Mr. Pedersen said."

Excerpt from Associated Press -- "'We had the Internet for some time obeying such principles but they've never been codified. Now they have been codified,' said Nicholas Economides, a professor at New York University's Stern business school and an expert on networks and telecommunications. 'Consumers should not see any substantial difference.'"

Excerpt from Fox News -- "The next president will face a series of tough foreign policy decisions. How should America manage challenges from fast-rising China and respond to changes in the heart of Europe? What to do about ISIS? Should America become more involved in Iraq? Or Syria? Or Ukraine? What about Iran? Should Washington pursue more blockbuster trade deals like the Trans-Pacific Partnership?"

Excerpt from Bloomberg -- "'Any deal right now is going to be hard for Greece,' Nicholas Economides, an economics professor at New York University’s Stern School of Business told Tom Keene and Michael McKee on Bloomberg Radio. 'Greece is a small country with a lot of imported stuff, a lot of tourism, a lot of exchanges of money. It’s very hard to work under these conditions. The economy has stalled.'"

Excerpt from Science Magazine -- "Romer had noticed that students in intro economics courses were blowing off homework assignments. And even when the students did do the problem sets, many faculty members couldn't provide much feedback because the classes were so large. Romer thought that technology could solve the problem. ... The software gives immediate feedback on wrong answers and allows students to participate in interactive group exercises that simulate market conditions—'it's like lab experiments in the natural sciences,' Romer explains."