Prior to the COVID-19 outbreak, institutions of higher education were under immense pressure to live up to their value propositions, with underlying tensions that have been developing for years posing an existential threat to their financial viability. As colleges and universities move classes and operations online in response to the pandemic, questions arise as to what such changes hold not just for now, but for the long-term success of higher education. Can ed tech provide a way forward? Find out in this week’s Kenan Insight.
Commercial real estate (CRE) is real estate held to generate income or used as an input into production by firms. It is notably different from other asset classes of a similar magnitude in that CRE is traded in private, illiquid markets. CRE is a hugely important asset class that has received less attention from the academic literature than asset classes that rival CRE in terms of sheer value. Yet pension funds, life insurance companies, sovereign wealth funds and other institutional investors seek the diversification benefits provided by CRE’s unusually steady income flow. The paper, “Commercial Real Estate as an Asset Class,” by Andra Ghent of UNC Kenan-Flagler Business School, Walter Torous of the MIT Center for Real Estate and Rossen Valkanov of UCSD’s Rady School of Management provides a much-needed overview of the CRE literature thus far, focusing on its attributes as an asset class.
In honor of tax season, UNC Tax Center Associate Director Courtney Edwards shares how the 2017 Tax Cuts and Jobs Act affected her personal tax liability as an example of some of the ways in which reform may have altered your returns as well.
The debate surrounding returns of private equity vs. public markets continues with a recent paper by AQR. What do the latest data tell us?
Commercial real estate is a major asset class, with an estimated value of more than $12 trillion in the U.S. alone. But the stay-at-home orders and business closures precipitated by the COVID-19 pandemic have the potential to negatively – and disastrously – affect commercial properties. What will the short- and long-term impacts be, which types of properties will be hardest hit and what policies can be put in place to help stem the tide of losses? UNC Kenan-Flagler Business School Professor and Leonard W. Wood Center for Real Estate Studies Faculty Advisor Andra Ghent and her colleagues examine these issues in this week’s Kenan Insight.
The Frank Hawkins Kenan Institute of Private Enterprise hosted UNC Kenan-Flagler Business School’s annual new faculty dinner Thursday evening at the Kenan Center. The institute, which supports the school’s outreach and research efforts, kicked off the event with an interdisciplinary seminar featuring a presentation by Professor Al Segars on his latest research, “Seven Technologies Remaking the World,” and discussion and Q&A facilitated by Professor Eric Ghysels.
...Carolina” kiimageurl=”https://kenaninstitute.unc.edu/wp-content/uploads/2020/07/daan-stevens-yGUuMIqjIrU-unsplash-1.jpg” ]Medicaid work requirements are a relatively new policy, coming into effect January 2018.[/topsliderslide][topsliderslide kilink=”https://kenaninstitute.unc.edu/wp-content/uploads/2020/08/2020_Arnold-compressed.pdf” kititle=”Promising Practices for Workforce Housing: Implications for Colleges and Universities” kiimageurl=”https://kenaninstitute.unc.edu/wp-content/uploads/2020/07/morning-brew-SQ5Lx-pCvDI-unsplash.jpg” ]Although the first...
Research from UNC Kenan-Flagler Business School Assistant Professor of Finance Abhinav Gupta demonstrates how a seemingly small change in the green-card application process holds tremendous significance for millions in the tech industry, made even more relevant by the sector’s current slowdown.
The enactment of the Tax Cuts and Jobs Act (TCJA) on Dec. 22, 2017 dropped the U.S. corporate tax rate from 35 percent to 21 percent, creating the prospect of substantially improved cash flows for many U.S. companies. While the effects of this tax cut are still working their way through the economy, it’s not too early to ask an important question: where did (or will) the money go?
The Kenan Institute and UNC Kenan-Flagler Business School’s inaugural Conference on Market-Based Solutions for Reducing Wealth Inequality on June 1-2 highlighted research on market mechanisms that might also work to ameliorate inequality.
Take a look back at highlights from the second annual Conference on Market-Based Solutions for Reducing Wealth Inequality, which brought academics together with the public and private sectors to hear about new research and venture into the community.
The makers of a synthetic fiber made from recycled plastic bottles and the co-founder of a venture capital firm that focuses on green sectors are the recipients of the 2018 UNC Sustainability Awards, presented on May 10 at The Carolina Club in Chapel Hill.
Abby Staker (BSBA '20) reflects on her journey writing a senior thesis as part of the Kenan Scholars program.
T. Austin Finch, Sr. Professor of Business Administration, Duke University Fuqua School of Business, and 2024 Kenan Institute Distinguished Fellow
H. Allen Andrew Distinguished Professor of Strategy and Entrepreneurship, UNC Kenan-Flagler Business School, and 2023 Kenan Institute Distinguished Fellow
Corporate executives have begun to glimpse the strategic value of incorporating artificial intelligence as an “employee” within their organization. In this Kenan Insight, we explore a framework that outlines the critical elements for harnessing the potential of human-AI working relationships.
Historically, most businesses have attempted to stay on the sidelines of controversial issues to avoid alienating customers and limit internal discord. But the COVID-19 pandemic (which has disproportionately affected people of color) and rising racial tensions have increased awareness of systemic racism in the U.S. In this Kenan Insight, we explore how business leaders are increasingly taking a stance on diversity and inclusion issues through both internally and externally focused actions and policies.
With direct care facilities and workers in crisis, we explore trends behind the labor shortages in the industry as well as a menu of solutions that could possibly alleviate the issue.
Much has been written about the disproportionate number of women who have suffered pandemic-related job losses during COVID-19, but a related consequence has not been as well explored: the serious disruption of women’s careers, particularly in fields in which “path dependence” matters for success. In this Kenan Insight, we examine this more subtle asymmetry in the pandemic’s impact as indicative of far broader issues for women’s advancement in the workplace.
Researchers take a closer look at the impact of entrepreneurs, policymakers, scientists and others during the pre-commercial stage of industry formation