Research from UNC Kenan-Flagler Finance Professor Eric Ghysels attaches explicit costs to a model’s classification errors, in this case concerning pretrial detention decisions, avoiding the one-size-fits-all symmetrical cost function of traditional machine learning.
UNC’s Kenan Institute of Private Enterprise and the Duke University Innovation and Entrepreneurship (I&E) initiative have embarked on a joint initiative to build a data repository to facilitate empirical research in entrepreneurship.
A new research paper provides a framework for companies to respond to pressures on issues from global warming and sustainability to child labor and discrimination.
For the fourth year in a row, IPC founding member, Northern Trust, will host a private equity research symposium on May 10 at the offices in Chicago.
How do firms try to retain workers in a tight labor market? New research finds that employers use a variety of pay and nonpay mechanisms but that multiplant companies may find the nonpay options more cost-effective.
Eleven students have been selected as members of the 2022 class of MBA Kenan Scholars. The year-long program sponsored by the Kenan Institute of Private Enterprise is the premier research opportunity for UNC Kenan-Flagler MBA students.
The Kenan Scholars research workshop series continued on Friday, Feb. 28, with a discussion on data literacy led by Nancy Lovas, Entrepreneurship & Business Librarian at UNC-Chapel Hill’s Davis Library.
We update an August 2023 piece in which we explain why manufacturing remains essential for economic growth and how manufacturing in the US today incorporates both regional shifts and “stickiness” in traditional strongholds.
Our 2025 Grand Challenge examines the skills gap – the difference between the skills that employers seek and those that workers possess – which is being driven by technological breakthroughs, demographic changes and cultural shifts in the workplace.
Amendment of IAS 39 by the IASB in 2008 provided an option to reclassify investments from fair value to historical cost. We predict that too-important-to-fail (TITF) banks took less advantage of this option because the political protection they enjoyed insulated them from regulatory pressure. Banks that did not enjoy this protection had greater reason to make use of this option since doing so would protect their Tier 1 capital.
We examine the effect of paying higher wages on firm performance during the 2008 financial crisis. To identify variation in wages, we rely on heterogeneity in the timing of long-term wage agreements for a sample of UK firms. We instrument for firms signing long-term agreements overlapping with the crisis by the presence of a contract signed in 2006 or earlier and expiring before September 2008. Treated firms paid higher wages but also realized greater labor productivity relative to control firms. These findings are consistent with the intuition that opportunity cost differentials between treated and control firms induce employees to exert higher effort.
We examine the effect of higher wages on firm performance during the 2008 financial crisis. To identify variation in wages, we rely on heterogeneity in the timing of long-term wage agreements for a sample of UK firms. We instrument for firms signing long-term agreements overlapping with the crisis by the presence of a contract signed in 2006 or earlier and expiring before September 2008.
In a new study, researchers examine how the rising economic power of technology and finance firms has contributed to regional income disparities across America.
What do we mean when we talk about “inequality”? There are numerous ways to measure it, each method with its relative strengths and weaknesses, and we must be clear what we mean when assessing inequality for policymaking.
The most important economic challenge of our time is the large, and growing, wealth gap. Increasing income disparities and declining opportunities have diminished America's middle class. On Nov. 6-7, the Closing the Wealth Gap conference was held at UNC Kenan-Flagler Business School in Chapel Hill.
Artificial intelligence enhancements are increasingly shaping our financial decision-making. But with what result?
NVCA and Startup@BerkeleyLaw have selected SMU and the University of North Carolina at Chapel Hill to host VC University LIVE programs in 2020-21, spotlighting the local venture communities and convening local and coastal industry leaders.
UNC Kenan-Flagler Business School Professor Al Segars and co-author Anselm Beach have written about their new model for developing diversity, equity and inclusion in an organization, the Values/Principles Model, in the most recent issue of the MIT Sloan Management Review. At a time when recognition of DEI’s benefits has become widespread, their approach gives leaders the tools to create real change that will allow their whole companies to prosper. Learn more by clicking below.
Join us on Thursday, July 3, as Research Economist Sarah Dickerson explores the economic impacts of current U.S. policy during our monthly briefing.
On October 27, 2017 the Frank H. Kenan Institute of Private Enterprise (Kenan Institute) hosted The Business of Healthcare: Adapting to an Aging Economy at UNC Kenan-Flagler Business School in Chapel Hill, North Carolina. The conference brought together more than 100 attendees representing the diverse interests and perspectives of health care and elder care organizations, medical and pharmaceutical companies, patient advocacy organizations, government agencies and the academic research sector.