A new article in the Federal Reserve Bank of Richmond’s quarterly newsletter, Econ Focus, discusses the spillover effects of U.S. monetary policy on the economies of other countries. The article cites research conducted by Kenan Institute Director of Research Christian Lundblad, UNC Kenan-Flagler Business School Professor of Finance and UNC-Chapel Hill Professor of Economics Anusha Chari, and UNC graduate student Karlye Dilts Stedman on the effects of U.S. monetary policy shocks on emerging market countries over a period of 22 years.
Román Orús, Ikerbasque Research Professor at the Donostia International Physics Center in San Sebastián, Spain, will present the findings from his research on determining the optimal trading trajectory for an investment portfolio of assets over a period of time. Dynamic portfolio optimization is well known to be NP-Hard and is central to quantitative finance.
Empirical research in operations management has increased steadily over the last 20 years. In this paper, we discuss why this is good for our field and offer some comments on the qualities we admire in an empirical operations management paper.
As live streaming of events (e.g., video games, political commentary, and makeup tutorials, among others) gains traction, pay-what-you-want (PWYW) pricing strategies are emerging as critical monetization tools. In this research, we assess the viability and efficacy of PWYW by examining the relationship between popularity (i.e., audience size) of a live streaming event and the revenue it generates under a PWYW scheme.
Prior research examines practitioner, investor, and executive perceptions of corporate tax planning. However, little is known about how the typical U.S. consumer views corporate tax planning. We examine consumers’ perceptions of corporate tax planning using both survey and experimental methods.
The contemporary workplace is characterized by transience: Organizational members frequently turn over and careers span multiple organizations. Consequently, workplace friendships that were once close become less close and intimate, that is they become peripheral and can deteriorate. While research has examined the benefits for employees who move on to new opportunities, less clear is how stayers, or employees who remain behind in the work setting, are affected. To understand stayers’ experiences and how they manage, we draw on theories of belongingess and to offer a three-part episodic process model, which explains how stayers’ engagement in the task and social domains are influenced.
Fireside Chats are a continuing series of talks hosted by Launch Chapel Hill and the UNC Entrepreneurship Center. This series features real talks with real entrepreneurs: the good, the bad and the ugly of their entrepreneurial journey thus far, not just the shiny success stories. Our third chat features Alex Brandwein, the Founder and Owner of Brandwein's Bagels.
Using U.S. venture capital investment data from 1985 to 2008 and qualitative interviews, we examine how group dynamics influence the growth of interorganizational collaborations through the addition of new members.
How long do nascent industries take to become commercially viable? This paper applies historical methods to the two contemporaneous cases of emergence of the airlines and insulin industry in the early 1900s.
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.
Kenan Institute Executive Director and Institute for Private Capital Research Director Greg Brown breaks down a recent white paper by Antii Ilmanen, Swati Chandra, and Nicholas McQuinn of AQR, which examines expected returns for Private Equity (PE). The paper’s authors claim that, when properly risk-adjusted, the returns on private equity are not attractive relative to public market stocks. The conclusion on lower returns is surprising to many because it’s at odds with what is now the well-documented outperformance of PE over the last few decades.
Kenan Institute Distinguished Fellow David Deming of Harvard talks about his research focusing on the potential for effective teamwork involving humans and AI.
We all know that North Carolina is a migration magnet. But just who’s moving into – and out of – the state? And what’s the impact on North Carolina’s economy and infrastructure? Jim Johnson, director of education, aging and economic development initiatives for the Kenan Institute, and Allan Parnell, vice president of the Cedar Institute for Sustainable Communities in Mebane, NC, go in search of answers.
Graham, N.C.-based Lindley Mills has been awarded the Family Business Award from the Triad Business Journal. Vice President of Marketing Caroline Lindley (BSBA '14, MBA '17) represents her family's 10th generation at the mill. She continues to work closely with the Family Enterprise Center, a Kenan Institute affiliate. Lindley also serves on the Kenan Institute's Kenan Scholars Board of Mentors.
Greg Brown, executive director of the Kenan Institute, says policymakers, companies and individuals need to focus on longer-term solutions in order to move forward through the pandemic.
Please join the Center for the Business of Health and the Kenan Institute for an exclusive lunchtime conversation with Aaron McKethan, general manager of new ventures at Aledade. His talk is offered through the Dean’s Speaker Series, hosted by the Kenan Institute in partnership with UNC Kenan-Flagler Business School Interim Dean Jennifer Conrad.
SPACs are hot. But what are they and why should you care? Institute for Private Capital Executive Director Shawn Munday and Kenan Institute of Private Enterprise Executive Director Greg Brown provide an explainer.
The Kenan Institute’s deep dive into stakeholder capitalism has exposed shortcomings in a key building block: ESG measurement. Our experts have explored the issue at length, proposing ways of refining these measures to produce structures that could meet the needs of multiple stakeholders while also working to design reporting free from political influence and agendas. As a next step, the Kenan Institute hosted a conversation featuring a business leader, investor and standard setter to discuss how we might turn these ideas into solutions to help integrate stakeholder capitalism principals into business and investment decisions.
Digital assets' highs and lows of 2022 served as a backdrop for a two-day event in Washington, D.C., hosted by UNC’s Rethinc. Labs, an initiative of the Kenan Institute of Private Enterprise, in partnership with the Milken Institute and Duke University’s Fuqua School of Business.