Experience Stern | News & Events

Excerpt from Business Insider -- "Former RBI Deputy Governor Viral Acharya believes that the the apex bank should ‘respect’ its core mandate and get choice because of the relationship inflation shares with the repo rate."

Excerpt from Marketplace -- "The pandemic has created a lot of uncertainty, 'and since accounting involves a lot of estimates about the future, it makes the accounting numbers much less reliable,' said Eli Bartov, an accounting professor at New York University’s Stern School of Business. The pandemic could also tempt some companies to cross the line. They might use accounting tricks to smooth out revenue so it looks steady from quarter to quarter. Or include other metrics in their financial statements that say, well, if it weren’t for COVID-19, here’s what our numbers would have looked like."

Excerpt from Financial Advisor IQ -- "The fee transparency obligations imposed by the Department of Labor’s previous fiduciary rule on brokers that handled retirement accounts dimmed the popularity of variable annuity products, but also improved investment outcomes. That’s according to a 62-page report, “Conflicting Interests and the Effect of Fiduciary Duty — Evidence from Variable Annuities.” The report, published in July, was written by Mark Egan, an assistant professor of finance at the Harvard Business School; Shan Ge, an assistant professor of finance at New York University; and Johnny Tang, a doctoral student in economics at Harvard University. The report was published by the National Bureau of Economic Research."

Excerpt from Food Business News -- "More than half of consumers said they are buying more or as much organic products as they did prior to COVID-19, and 7 in 10 said they are buying more or as much eco-friendly products. 'This shows that sustainability-marketed products are growing, but what was really stunning is that 16% delivered 55% of market growth between 2015 and 2019,' said Tensie Whelan, founding director and professor at the NYU Stern Center for Sustainable Business."

NYU Stern welcomes new faculty for the 2020-2021 academic year.

Excerpt from NY Mag -- "One company that came up repeatedly during the show was TikTok. Swisher and Galloway spoke with Vanessa Pappas, TikTok’s general manager, about the Chinese company’s tumultuous week, during which President Trump threatened to ban it, then endorsed Microsoft snapping it up — and the intense scrutiny the company now receiving from all sides."

Excerpt from Bloomberg -- "More than 30 American companies with liabilities exceeding $1 billion have already filed for Chapter 11 since the start of January, and that number is likely to top 60 by year-end after businesses piled on debt during the pandemic, according to Edward Altman, creator of the Z-score and professor emeritus at NYU’s Stern School of Business. Companies globally have sold a record $2.1 trillion of bonds this year, with nearly half coming from U.S. issuers, data compiled by Bloomberg show."

Excerpt from The Wall Street Journal -- "What has aided Microsoft’s relative success in China has been its concentration under Mr. Nadella on selling to business customers rather than trying to tap consumers. 'Because Microsoft has been focused on the enterprise, it’s been a lot easier for them to operate in China,' said Arun Sundararajan, a professor at New York University’s Stern School of Business. 'The conflict of interest between Microsoft products and what the Chinese government is interested in controlling are minimal.'"

Excerpt from Yahoo Finance -- “'Apple is probably the least obvious for antitrust [violations], because the primary asset of Apple, one could argue, is its brand, and then it becomes a question of which company has domain over the brand,' says NYU marketing professor Scott Galloway, author of the 2017 book 'The Four,' about Amazon, Apple, Facebook, and Google.'"

Excerpt from CoronaNomics -- "In episode 14 of CoronaNomics, former governor of the Bank of England Lord Mervyn King joins Ben Chu and Lizzy Burden to discuss decision-making and economic planning in a time of radical uncertainty."

Excerpt from CNBCTV18 -- "Self-awareness during a crisis – Prof Damodaran has been teaching for four decades and his experience across multiple crises is that three things happen to most market participants - you lose perspective, you lose faith in fundamentals, you start reaching out to experts outsourcing your thinking. He said it’s important to get out of 'that morass' as an important first step."

Excerpt from BusinessBecause -- "Professor Nicholas Economides, of NYU Stern, says the Apple CEO's apparent lack of awareness over anti-competitive practices was hard to believe, and likely nothing but a PR stunt. Tough questions were levelled at Sundar Pichai for Google’s ad marketplace, where the company essentially acts as operator of the market, as well as the buyer and the seller, which Professor Vasant Dhar, also of NYU Stern, says risks stifling access and innovation in the digital economy. Professor Lawrence White, of NYU Stern, predicts that the Department of Justice will likely bring a case against Google for unduly favouring its own services in its advertising and search results."
 

Excerpt from Yahoo Finance -- "Scott Galloway, Professor of Marketing at NYU Stern School of Business joins the On the Move panel to discuss the recent tech hearings as well as earnings results from those tech industry giants."

Excerpt from MarketWatch -- "To some degree, the pandemic is accelerating trends related to the use of technology that were already happening before the virus shut down the city in March, said Paul Hardart, a professor at New York University’s Stern School of Business and director of its Entertainment, Media & Technology Program."

Excerpt from Bloomberg -- "Arun Sundararajan, NYU Stern School of Business Professor, joins to discuss the next phase for Big Tech after testifying in Congress."

Excerpt from Business Insider -- "The big change has been around the types of ingredients and the flavors we're using in salads. Falafel, and tofu, and lentils. Plus a combination of interesting flavors, and that's made it possible for a salad to become a complete meal."

Excerpt from ThinkAdvisor -- "Mark Egan, Shan Ge and Johnny Tang have gone and poured grain alcohol on the annuity sales standards conflagration. The fight blazed ferociously in 2016 and 2017, as the supporters and opponents of the U.S. Department of Labor’s original, Obama-era effort battled with policy light sabers."

Excerpt from Retail Dive -- "'If the goods are coming back, but you get to make the sale in the quarter and the return is in the next and you book the return and hope people don't recognize it, that's troubling,' Karen Brenner, executive director of law and business at New York University's Stern School of Business, said at the time. 'If a customer says, 'Sure, I'll take the good. I want you to agree that if I don't sell X amount in Y period of time, you'll give me some credit against it,' that may be a legitimate business decision that's correctly booked. So it really depends upon the facts and circumstances surrounding the transactions and that's what the investigation will unearth.'"

Excerpt from Marketplace -- "Thomai Serdari, a strategist in luxury marketing and branding with the Stern School of Business at New York University, said the magazines have to change just like the industry they depend on."

Excerpt from The Hill -- "'The House has ended up being the forum in which you have these four guys sitting together for the first time and having this discussion,' Sundararajan said. 'And so, while Congress may not be the eventual body that makes the case for any particular change, it's certainly a good catalyst.'"

Excerpt from NY1 -- "But what about retail in general in the city? Winer said the pandemic will not be the demise of the retail industry. He predicts once tourism returns high-end retail will pick up again and because Americans still love to shop, other retail sectors will bounce back. 'If you take a look at retail in New York, I think it's in a hiatus, OK? It's like a winter animal, right? It goes to sleep for the winter. I think it's in that state right now, but it will come out again, I strongly believe that' said Winer."

Excerpt from Chemical & Engineering News -- "The monthly number of deals raising venture capital for young and start-up companies dropped 38% for the two months starting March 4, as compared with the four months before the COVID-19 crisis, according to a recent Harvard Business School study from Sabrina Howell of New York University, Josh Lerner of Harvard University, and colleagues."

Excerpt from Bloomberg -- "Former central banker Viral Acharya warned against the Reserve Bank of India monetizing the government’s budget deficit, citing risks to inflation and external sector stability. 'Adopting this approach is also deeply flawed,' according to excerpts from Acharya’s soon-to-be-released book: ‘Quest for Restoring Financial Stability in India.’ It 'would mean regressing to errors of the 1970s and 1980s.'”

Excerpt from BBC -- "Mid-1990s globalization was also a major catalyst that 'made ecommerce a viable and highly profitable selling channel', says Thomaï Serdari, adjunct professor at New York University's Stern School of Business. The connected world enabled production to scale up quickly and significantly, for products at many price tiers. 'Consumers were eager to find either the best or the most acceptable quality product at the prices they could afford. The internet gave them the tool to conduct extensive research before purchasing an item. It also gave them the insights on how to evaluate the price-to-value ratio and finally the means to purchase.'"

Excerpt from The Economist -- "As banks have grown risk-averse, non-banks, often tech-savvy, are stepping up. 'When you regulate the banks and you leave the rest of the financial system more lightly regulated, there will be regulatory arbitrage,' says Richard Berner of New York University. 'But technology has also facilitated a shift because, particularly in the past decade, it has promoted the growth of payments and of bank-like activities outside the banking system.'

The Fed was able to soothe investors through the power of its announcements; it has so far lent only $100bn through its schemes. But Stephen Cecchetti and Kermit Schoenholtz, two scholars, have calculated the scale of each of the implicit guarantees."