Experience Stern | News & Events

Excerpt from CCN -- According to Nobel laureate Robert Engle, an economist at NYU Stern, numbers show that geopolitical risk in the global economy is lower now than it was before.
 

Excerpt from Reuters -- “'I think one of the reasons that we chose to focus on these three groups of risk is that they are at the top of the list of every CEO when you ask what keeps them up at night,' says Richard Berner, co-head of the Volatility and Risk Institute at NYU’s Stern School of Business. Berner described to Regulatory Intelligence a new effort to put cyber, geopolitical and climate risk in the spotlight. The institute earlier this month announced it had formed an interdisciplinary approach to analyze each area and how they interacted."

Excerpt from Seeking Alpha -- "More recent research by Edward Altman and Brenda Kuehne at the Salomon Center for the Study of Financial Institutions at NYU Stern found that fallen angels have markedly lower default risk than other high-yield bonds. Between 1985 and 2017, the average annual default rate on fallen angels was around 1% a year lower than on bonds that were rated high-yield when issued."
 

On Tuesday, November 12, NYU Stern's Center for Global Economy and Business will host a fireside chat with Roger Ferguson, President & CEO, TIAA; Former Vice Chairman of the Board of Governors of the U.S. Federal Reserve System.

Excerpt from The Modern Sale -- "So far, AI/ML has mostly been used to augment products that firms offer. For example, Gmail now includes a predictive typing feature that uses AI to “guess” at the next several words in sentences that I write. It is a nifty feature — not world-changing or anything like that, but certainly helpful. But, in the future, we will see lots more AI in lots more products/services/devices, and we will start to see firms reorganizing themselves in different ways to take advantage of what AI can do. It is still early days."

Excerpt from Moneyweb -- "In a study on the usefulness of published accounts, researcher Baruch Lev places much of the blame on the proliferation of estimates in financial reports: 'To a large extent, financial reports are based on estimates, judgements, and models rather than exact depictions,' he says."

Excerpt from Bloomberg -- “'If you are a trader, you can try to take advantage of the price drop, but the drop is [typically] small and short-selling costs tend to be large' New York University professor Aswath Damodaran said in an interview."
 

Excerpt from Harvard Business Review -- "To better understand the experience of women of color in the workplace in particular, see Minda Harts’s The Memo: What Women of Color Need to Know to Secure a Seat at The Table. For an exploration of identity, gender and race, read Jodi Patterson’s The Bold World. And for a more general look at how to lead in an inclusive way, take up Dolly Chugh’s The Person You Mean to Be: How Good People Fight Bias."

Excerpt from Business Insider -- "He says that Elizabeth Warren has run a 'masterclass' of a campaign and that she's 'impressive' and 'substantive.' But her 'attributes are viewed as negative simply because she is a she' — he thinks that the US is still too sexist to elect a woman.

Excerpt from CIOReview -- "At the NYU Stern School of Business, we believe that leadership development is a great opportunity for students and organizations. And this experiential learning occurs as people get involved in it, instead of sitting in a workshop or a series of meetings."

Excerpt from GARP.org -- "The Volatility Institute at New York University's Stern School of Business, founded in the aftermath of the 2008 financial crisis, has a new name – the Volatility and Risk Institute – signifying a focus beyond just financial risks. The institute and its Volatility Laboratory, or V-Lab, are renowned for continuous measurements and forecasts of volatility in financial markets, among them the SRISK systemic risk analytics...The expanded institute now has co-directors: Engle, who was director of the Volatility Institute; and Richard Berner, professor of management practice."

Excerpt from Forbes -- "As explained in the recent report by NYU Stern, the term deepfake comes from the combination of “deep learning” and “fake.” Deep learning has gained tremendous attention in recent years in the field of artificial intelligence due to outstanding results in many tasks, often outperforming human specialists in the fields of natural language and image processing."

Excerpt from Clear Admit -- "It feels great to be back in school and I am so grateful for this opportunity. Stern was my top choice immediately, and its Fertitta Veterans program, which supports military vets and active duty students in their transition to business school, is extraordinary."
 

On Friday November, 8th, the Stern Technology Association will host TechCon, featuring a conversation between MBA students and Tech industry leaders about the challenges, trends and innovations in the industry.

Excerpt from The Economist -- "Illiquidity matters less if investors have longer horizons. A pioneering paper by Yakov Amihud and Haim Mendelson, published in 1986, posits that investors with the shortest horizons hold securities with the lowest trading costs; and bonds that are relatively illiquid are held by long-term investors, who can spread the higher trading costs over a longer holding period."

Excerpt from Refrigerated & Frozen Foods Magazine -- "NYU Stern Center for Sustainable Business (CSB), New York, and IRI, Chicago, launched a new Sustainable Market Share Index, an in-depth analysis of consumer purchases of products marketed for their sustainable attributes. The research finds that sustainability-marketed products are responsible for more than half of the growth in consumer packaged goods (CPGs) since 2013."

Excerpt from Business Insider -- "But NYU Professor Priya Raghubir says the real key to Target's success is that you don't actually regret buying anything. Those unplanned purchases, they're often things people do want, they just haven't thought of putting them on their shopping list."
 

Excerpt from Risk.net -- "From tariff spats to terrorist threats, geopolitical risk is a persistent driver of securities prices and financial markets. But according to Robert Engle – the NYU Stern economist who won the Nobel prize for his work on measuring volatility – market-watchers may be overestimating the impact of global tensions."

Excerpt from The Wall Street Journal -- "‘The idea that US markets are the most competitive in the world has been widely accepted in economics for several decades,' economist Thomas Philippon writes in 'The Great Reversal.' The thrust of his argument is that this idea is largely a myth. Even before the financial crash of 2007-08, he says, many Americans felt that there was something not right about the economy—that it wasn’t performing as advertised."
 

Excerpt from Bloomberg Quint -- "Raghu Sundaram, dean of New York University’s Stern School of Business, No. 13 in the ranking, says he heard from the director of operations and technology at Citigroup Inc. and the chief information officer of Goldman Sachs Group Inc. 'They had people with an excellent grasp of business or an excellent grasp of technology, but not both,' he says. 'One of the first things we did was set up an advisory board and ask them what we should be doing.' The result is the 12-month Andre Koo Technology and Entrepreneurship MBA, which started in May 2018 and prepares 40 students for technology roles."

Excerpt from Fortune -- "Luckily for the planet, research from the New York University Center for Sustainable Business (CSB) shows shoppers aren't all talk but are actually following through with buying more sustainable goods. 'Across virtually every category of consumer packaged goods (CPG), sustainability is where the growth is, which I think tells you something about where consumers are,' CSB Director Tensie Whelan tells Fortune."

Excerpt from Poets and Quants -- "That was the stunning finding of a paper by Poets & Quants’ Professor of the Week, Sandeep Dahiya of the McDonough School of Business at Georgetown University, along with David Yermack of New York University Stern School of Business. Their working paper, 'Investment Returns and Distribution Policies of Non-Profit Endowment Funds,' was published in May by the European Corporate Governance Institute."

Excerpt from Retail Dive -- "'[ABG CEO] Jamie Salter's openness to evaluate a strategy that had not been in consideration just a week ago shows he brings promise with a business model that otherwise could have meant that the Barneys brand as we know it would die a slow death,' Thomai Serdari, professor of luxury marketing and branding at New York University's Stern School of Business, said in an email to Retail Dive."
 

Excerpt from Yahoo Finance -- "'I think it's likely that there will be some deal. It might not be a 100% deal, but it's likely to be an 80% or 90% deal by December. That would mean that tariffs would fall, and I don't think I agree 100% with Goldman when they say they expect tariffs to persist... My expectation is that there is going to be a deal and a big percentage of the tariffs are going to disappear by the beginning of 2020.'"