On June 6, 2018, representatives from academia, the private sector and government convened at the Urban Institute in Washington D.C. to examine the effect of the recently enacted federal tax reform on financial reporting and investment incentives. The UNC Tax Center, an affiliated of the Kenan Institute of Private Enterprise, co-hosted the event with the D.C.-based Tax Policy Center, a joint venture of the Urban Institute and the Brookings Institution.
Kenan Institute Senior Faculty Fellow Maryann Feldman has been chosen as the 2018 Wiley TIM Distinguished Scholar by the Technology and Innovation Management Division (TIM) of the Academy of Management (AoM). The award will be presented to Feldman during a luncheon at the annual TIM conference in Chicago in August.
The fall 2018 issue of The Journal of Alternative Investments features invited editorial content by Greg Brown. Brown’s editorial explores the proliferation of alternative investment strategies over the past 25 years and the trends and developments on the horizon as part of a special journal issue on the new frontiers of alternative investments.
“A storm is threat’ning….Gimme, gimme shelter.” The words of Mick Jagger were probably on the minds of many at the 2018 UNC Real Estate Research Symposium on October 11-12. As the remnants of Hurricane Michael came crashing through the Raleigh-Durham area, participants battled flight delays, cancellations and power outages to get to the Rizzo Center in Chapel Hill.
Eminent economist Arvind Panigariya has appointed UNC Kenan-Flagler Business School Adjunct Professor of Finance Anusha Chari and 2018 Weatherspoon Lecturer Jagdish Bhagwati to a new initiative which brings together policy experts and academicians from distinguished universities to contribute to substantive economic policy analyses on issues confronting the Indian economy. These analyses can further help develop a reform agenda for the government to be elected in the 2019 national polls. The news of the appointments was featured in the Economic Times.
The Blockchain Club at the UNC Kenan-Flagler Business School was proud to host the Power of AI and Blockchain conference on Friday, Nov. 16, 2018. The goal of the conference was to expand student and community understanding of artificial intelligence (AI) and blockchain topics with a focus on application.
This paper examines corporations’ actions, and statements about actions, following the tax law change known as the Tax Cuts and Jobs Act (TCJA). Specifically, we examine four different outcomes—bonuses (or other actions that benefit workers), announcements of new investments, share repurchases, and dividend announcements.
North Carolina is a migration magnet. In 2018 alone, more than 87,000 people moved into the state. Perhaps the most stunning example of how migration has transformed the state is the city of Durham, a once-gritty town that made its name in tobacco and textile manufacturing.
On the afternoon of Thursday, April 25, an at-capacity crowd gathered at the Kenan Center in Chapel Hill for a fireside chat with Chuck Robbins, chairman and CEO of networking giant Cisco. The event was a fitting wrap-up to the 2018-19 Dean Speaker’s Series hosted by the Kenan Institute of Private Enterprise.
After years of decline, increases in American youth tobacco usage have pushed the tobacco control debate back into the forefront of the public health conversation. Youth tobacco use increased from 2011 to 2018, largely driven by e-cigarette usage, which grew from 1.5% to 20.8% of American high school students, representing an increase of 2.83 million adolescents. Despite extensive evidence that e-cigarette chemicals cause morbidity including immediate, harmful changes in endothelial function in healthy nonsmokers, 72% of teenage e-cigarettes users believe e-cigarettes cause some, little, or no harm.
China’s venture capital funding has contracted significantly since mid-2018. According to Christian Lundblad, director of research at the Kenan Institute, this is a byproduct of U.S. trade policy, some domestic Chinese investment policy and the usual ups and downs in a developing market.
While technological advances have traditionally been a boon to the U.S. economy, the rapid rise of new platforms and the increased financialization of the economy in recent years have encouraged the growth of monopolies—driving an ever-widening geographic gap in the distribution of income across the country. New research from the Kenan Institute’s Professor Maryann Feldman explores the ramifications of this growing divide.
The Tax Cuts and Jobs Act of 2017 (TCJA) allowed for the creation of Opportunity Zones (OZs) — specially designated census tracts encompassing low-income neighborhoods meant to stimulate investment through large tax incentives. But critics say the program has not spurred additional investment as much as rewarded politically connected investors. In this Kenan Insight, we investigate what role, if any, bias and political party affiliation plays in the selection of OZs.
The Office of the Comptroller of the Currency, the FDIC and the Federal Reserve Bank of Richmond – in partnership with the USDA and the SBA – held a workshop for Rural Business Investment Companies (RBICs), Small Business Investment Companies (SBICs) and banks at the Kenan Institute of Private Enterprise at UNC Kenan-Flagler Business School on Oct. 17, 2018.
In October 2018, the Institute for Private Capital and Commercial Real Estate Data Alliance (CREDA) hosted the Real Estate Research Symposium in Chapel Hill, North Carolina. Real estate investments continue to rise in importance in the alternative asset space. This symposium presented innovative and leading research on real estate investments.
The argument that ESG investing generates more stable and higher long-term returns has come under scrutiny, including recent data showing long-run underperformance of ESG funds over the past five years. In this Kenan Insight, we provide some clarification based on recent research that revisits fundamental questions: why and how some investors take ESG factors into account in the first place.
There are few topics in business more current, more covered or more controversial than corporate environmental, social and governance (ESG) responsibilities. Proponents claim a business’s adoption of such principles yields outcomes that benefit all parties, driving win-win scenarios for internal and external stakeholders alike. But critics dismiss ESG implementation as a performative PR ploy, and argue that considering such non-pecuniary factors in corporate decision-making is unsustainable. Our (independent, nonpartisan) findings indicate both sides of the debate are missing the mark – and in hopes of advancing more productive conversations, we introduce below a research-based model for examining the trade-offs of ESG adoption for businesses large and small.
...Kenan-Flagler Business school and in other top business schools around the world to advance the following core activities: Create scholarly research on entrepreneurship and private companies Produce conferences and programs...
Overview and Objectives The Global Commerce Core Initiative of the Kenan Institute of Private Enterprise is comprised of a portfolio of affiliated centers whose collective activities in research, consulting and...