Media Relations Office

David Sherwyn, professor of hospitality human resources and law, says the Airbnb cancellations in D.C. put the differences between rental platforms and hotels in stark relief.  

Economics and Business

School of Hotel Administration

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Kim Weeden, professor of sociology and director of Cornell University’s Center for the Study of Inequality, says a new White House executive order addresses that some regulation is necessary to protect consumers, but occupational licensing creates inequality in the workforce.

Law and Policy

Economics and Business

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Scott Yonker, expert on the effects of corporate board diversity on innovation, stock price volatility and other dimensions, says Nasdaq’s diversity move will ultimately lead to firms recruiting more highly qualified diverse directors that will benefit shareholders.  

Economics and Business

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The U.S. House of Representatives voted this week to advance the Holding Foreign Companies Accountable Act through Congress. The act requires Chinese companies to delist from major U.S. exchanges if they fail to comply with audit requirements of the Public Companies Accounting Oversight Board (PCAOB) within three years. Andrew Karolyi, professor of finance at the Cornell SC Johnson College of Business and a decades-long expert on international listings of stocks, has written about the phenomenon of foreign firms leaving U.S. equity markets. He says the legislation may be part of a broader push by the U.S. to take a more assertive stance toward Beijing, but he also argues that there may be serious unintended negative consequences for investors as well as U.S. markets.

Law and Policy

Economics and Business

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The NBA and the National Basketball Players Association announced this week they reached an agreement about a new set of rules for their upcoming season, set to start on Dec. 22. Michael Huyghue, visiting professor of practice at the Law School and an expert in the professional sports industry, says the league is likely betting on high revenues from television rights fees and will resort to bubbles to protect its players at key times.

Economics and Business

Law School

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The hospitality and travel industries are dealing with dramatic losses in business volume, given travel restrictions and fear of coronavirus exposure continuing to depress passengers’ demand. Now, as the holiday season approaches, they are facing another unprecedented test. Cornell University hospitality experts, Christopher Anderson and Chekitan Dev, are available for interviews about how the industry is preparing for a possible holiday bump, and what can be achieved in the midst of uncertainty.     

Economics and Business

School of Hotel Administration

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With uncertainty about the election’s outcome running high, markets on Wednesday seemed to have rewarded on industries and stock – like the tech sector – that have witnessed enduring wins in recent months. Scott Yonker, associate professor of finance at Cornell University’s SC Johnson College of Business, comments on what lies behind markets' reaction today.

Cornell SC Johnson College of Business

Economics and Business

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George Hay, professor of law at Cornell University, an expert on antitrust and a former member of the U.S. Department of Justice’s Antitrust Division, comments on a new DOJ antitrust lawsuit filed against Google.

Law and Policy

Law, Government & Public Policy

Law School

Economics and Business

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While conspicuous consumption is ever present in many aspects of people’s lives in the U.S. there are fewer holidays that exemplify consumers’ willingness to “show off” their wealth as Halloween. This year COVID-19 restrictions may hamper some of that spending, but Ori Heffetz, associate professor of strategy and business economics at the SC Johnson College of Business at Cornell University, says that “socially visible” consumption will continue to be at play in celebrating Halloween in 2020. 

Economics and Business

Cornell SC Johnson College of Business

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Next week, the Commerce Department will release GDP figures for the third quarter. Analysts expect the number to reflect a considerable growth in the U.S. economy overall, with projections putting the increase at about 30%. But Cornell University experts, Daniel Alpert and Steven Kyle, explain why that number fails to provide a true picture of what the country is experiencing.   

Economics and Business

Cornell SC Johnson College of Business

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