Experience Stern | News & Events

Excerpt from BuzzFeed News -- "'In credit cards and other aspects of consumer banking, the model often relies on making money from fees that the customer isn’t paying attention to or is even aware of,' said Claudine Gartenberg, assistant professor at New York University’s Stern School of Business, to BuzzFeed News."

Excerpt from Forbes -- "Says Jonathan Haidt, Professor of Business Ethics at NYU and founder of Ethical Systems, 'Good people will do terrible things when people around them are even gently encouraging them to do so.'"

Excerpt from The New York Post -- "For Samsung, 'this PR disaster could not have come at a worse time,' says Anindya Ghose, a professor at the NYU Stern School of Business. 'It definitely gives a temporary edge to Apple, especially for any consumer who was sitting on the fence,' Ghose added."

The NYU Stern Salomon Center for the Study of Financial Institutions and The Clearning House hosted the Gallatin Lecture Series on Banking, on September 13, 2016.

Excerpt from Financial Times -- "'He’s a very prickly guy and a very proud man, prepared to take his last years and much of his fortune to try and prove himself right and the others wrong,' said Roy Smith, a professor at NYU Stern School of Business."

Excerpt from Fast Co.Exist -- "Research by N.Y.U. researchers Samuel Fraiberger and Arun Sundararajan last year found that ride-sharing has a 'disproportionately positive effect on lower-income consumers' mostly because poorer groups are more likely to switch from owning to renting."

Excerpt from The New Yorker -- "I spoke with Kermit Schoenholtz, a former chief economist at Citibank and now a professor of banking finance at the N.Y.U. Stern School of Business, and the co-author of an essential banking textbook. He told me that, since the beginning of the Great Depression, our system of bank regulation has relied on bank self-monitoring; it’s long been clear that government banking cops could never match the resources of the banks themselves. Each fine, then, serves two purposes: to punish the wrongdoing and also to warn all banks that they will pay a stiff price if they don’t root out such activity. But he warned me, 'The mechanism isn’t working.'"

Excerpt from The New York Times -- "Maria Patterson, who teaches business ethics and law at the Stern School of Business at New York University, said the state might be aided in court by the lack of a requirement to prove fraudulent intent, which is generally required in federal fraud cases. The state’s anti-fraud Martin Act, she said, 'is designed to deal with deceit that does not comply with standards of common honesty.'"

Excerpt from The Washington Post -- "'For something like parking, there is huge potential in the peer-to-peer model,' said Arun Sundararajan, a professor at New York University’s Stern School of Business. 'There’s a shortage of it in pretty major every large city, and it typically doesn’t require using space inside someone’s house.'"

Excerpt from The Wall Street Journal -- "Negative rates? You rub your eyes and search your memory. You can recall no precedent. And if you consult the latest edition of 'A History of Interest Rates' (2005) by Sidney Homer and Richard Sylla, you will find none. A recent check with Mr. Sylla confirms the impression. Today’s negative bond yields, he says, are the first in at least 5,000 years."

Excerpt from Bloomberg -- "A question I often ask companies: 'If tomorrow you stopped growing, would you be able to make money on your existing business?' And I think the answer is no for Uber, if tomorrow, the game came to steady state. This is a business where they're giving away rides. What it costs me to go from where I live to Newark airport is $15. What it used to cost me on a cab is $55. There is no way with that $15 that that driver is making enough money to cover the cost of maintaining his car. This is not a sustainable, long-term business. Something has to change."

Excerpt from The Atlantic -- "'Consumers are jaded about advertising in a way they weren’t several decades ago,' says Adam Alter, an associate professor of marketing at New York University’s Stern School of Business, via email. 'It is harder to appeal to them than it used to be, and they tend to see through overt marketing pitches.' That has in turn led to a new arsenal of branding tactics. 'Companies have had to learn subtlety,' Alter says."

New research from NYU Stern Professor Anindya Ghose and Emory University Professor Vilma Todri introduces a unique digital attribution framework to measure the effectiveness of display advertising on a consumer’s likelihood to search for a brand or product, and ultimately, make a purchase. 

Excerpt from Bloomberg -- "The risk is really interesting because the banks in China are owned by the government. They're state-owned enterprises. Much of the loans are to state-owned enterprises or to municipal governments. And so, in many ways, all this risk is essentially guaranteed by the government. So you might think there's no risk at all. But really, it's the government that bears that risk, and the government bears risks of trillions of dollars of loans. And unless there is better risk management by the banks and by other institutions, this risk is going to surface and be another negative factor in the Chinese growth puzzle."

Excerpt from PolitiFact -- "'It is true that Trump's businesses have received a lot of attention, but without the release of Trump's tax returns, we don't know a lot about his personal financial situation,' said Lawrence White, an economist at New York University’s Stern School of Business."

Excerpt from Marketplace -- "The release of a seemingly lackluster version could also end up benefitting Apple in at least one way, according to Anindya Ghose, a professor of information technology at NYU’s Stern School of Business. 'It’s a very smart experiment by Apple to test the true extent of their loyal base,' Ghose said. 'Sometimes, in the long scheme of things, these price experimentations are a great way for a company — even as brilliant as Apple — to be able to infer market appetite for future renditions of the same product.'"

Excerpt from CFO -- "'It’s a response to very detailed questions of companies about the classification of certain cash flows in the cash flow statement. The transactions are very specific and infrequent,' he added. In Lev’s view, FASB’s attempt to improve cash-flow accounting by adding rules rather than creating a system that rests on broad general principles 'increases GAAP complexity.'"

Excerpt from the Financial Times -- “‘If [blockchain] could be made to work there, it could be copied within a year or two all around the world,’ says David Yermack, professor of finance and business transformation at NYU’s Stern School of Business.”

The NYU Stern Center for Global Economy and Business will host the Economic Outlook Forum on September 7, 2016.

Excerpt from the National Post -- "'When I was doing research in 2013 and 2014, what I commonly heard is that there were estimates of about 2,000 unregistered factories in Bangladesh,' said Sarah Labowitz, co-author of the report, Beyond the Tip of the Iceberg: Bangladesh’s Forgotten Apparel Workers."

Excerpt from USA Today -- "An NYU Stern School of Business study found women in power are consistently seen as less trustworthy than men in the same positions and a 1995 Journal of Social Behavior and Personality study found women’s mistakes tend to be noticed more and remembered longer."

Excerpt from The New York Times -- "The psychologist Jonathan Haidt and others have shown that our moral stances strongly correlate with the degree of activation of those brain areas that generate a sense of disgust and revulsion. According to Haidt, reason provides an after-the-fact explanation for moral decisions that are preceded by inherently reflexive positive or negative feelings. Think about your stance on pedophilia or denying a kidney transplant to a serial killer. Long before you have a moral position in place, each scenario will have already generated some degree of disgust or empathy."

Excerpt from Financial Times -- "Boosting returns needed 'out-of-the-box thinking' and perhaps external pressure from activist shareholders, [Smith] said, to force deeper restructuring. 'Lots of stuff has to happen. These companies are essentially adrift at the moment.'"

Excerpt from The New York Times -- "Some argue that money in politics doesn’t matter. That’s true in the sense that when both sides spend equally, their efforts tend to be mutually offsetting. But that’s why the current opportunity is unique. Democratic donors, who have already been giving generously, have both the means and the inclination to pay for an advertising blitz that Republicans probably cannot match this time around."

Excerpt from Accepted.com -- "I’ve lived in New York for about five years now and knew that I wanted to pursue my MBA here. There is no place in the country that offers a better business education than New York City—this is the heart of commerce, banking and innovation. At Stern, we’ve got the Fed, Madison Avenue, Wall Street and Silicon Alley all within walking distance of campus."