This paper experimentally tests the Fox-Tversky (1995) source preference hypothesis as axiomatized in Chew and Sagi (2008) where people may have preference between equally distributed risks depending on the underlying sources of uncertainty.
By almost any measure, marketing academia is in a better shape than it has ever been. Job prospects for PhD students have improved substantially in recent years. According to the 2017 Marketing Academia Labor Report, there were 1.83 candidates per new assistant professor (“rookie”) position compared to 2.85 to 1 in 2010. Moreover, there are 37 open positions for advanced assistant professors with only 14 people looking for such positions. The median 12-month salary for entry-level positions is $190,000, up from $162,260 in 2010. Colleagues in the School of Arts & Sciences, as well as most people in the government or private sector, would gladly enjoy such opportunities.
2020 has been a year unlike any other. With a global pandemic, political turmoil and calls for a more just, diverse and inclusive space for all impacting our day-to-day lives, Kenan Institute Executive Director Greg Brown gives an update on the institute's work in these challenging times.
Last month, Patrick Hartley, a distinguished member of the Kenan-Flagler community, joined the Kenan Institute as a Fellow. He has been a Professor of the Practice of Finance at Kenan-Flagler for nearly twelve years. Currently, he also serves as President of the board of directors of the Kenan-Flagler Business School Foundation.
A growing body of rigorous academic literature empirically demonstrates that high-skilled immigrants provide a range of long-lasting and material benefits to the U.S. economy through entrepreneurship and innovation. Recent research has quantified the impact of foreign-born founders on key economic indicators such as firm creation, job creation and overall business innovation. Likewise, a growing body of literature documents how skilled immigrants have more broadly facilitated technological innovation. Kenan Institute Executive Director Greg Brown discusses the findings of he and his colleagues in this Institute Insights.
This report catalogs work by the Kenan Institute of Private Enterprise, in conjunction with the North Carolina CEO Leadership Forum, to distill insights from top academic researchers, business leaders and policy experts on how the economy is changing and what this means for the future of North Carolina. We describe seven forces currently reshaping the U.S. (and in some cases, global) economy.
For someone so young, Nick Black (Kenan-Flagler MBA ’13) has racked up more accolades than many people twice his age: Kenan Institute Leadership Fellow (precursor to the current Kenan Scholars program), Rollie Tillman Leadership Award, and Presidential Leadership Scholar, not to mention the numerous medals he won as a member of the 173rd Airborne Brigade Combat Team.
During the institute's monthly press briefing Jan. 5, institute Chief Economist Gerald Cohen analyzed another healthy job growth number and discussed his five economic trends to watch for this year.
On Thursday, December 14, leaders in public finance, private equity, venture capital, hedge funds and investment management convened at the Kenan Center in Chapel Hill to discuss 2018 investment challenges and opportunities. The 2018 Investment Outlook forum was sponsored by the Kenan Institute of Private Enterprise.
On January 18-19, 2018, the Frank H. Kenan Institute of Private Enterprise convened its second-ever Frontiers of Entrepreneurship Conference, bringing together academic researchers, policymakers and industry leaders to share their experiences, insights and ideas for improving the entrepreneurial climate in the United States and beyond.
Throughout 2022, the Kenan Institute at UNC-Chapel Hill explored how ESG factors enter into and play a role in the decisions of corporate managers and investors. We have framed this analysis within the broader notion of “stakeholder capitalism,” a model in which business decisions reflect explicit consideration of their expected impact on a broader set of corporate stakeholders.
Major strides have been taken in recent years to push toward more sustainable investing practices, yet it remains to be seen if such initiatives are actually meeting their goals. In this Kenan Insight, we look at the challenges of both implementing and measuring the effectiveness of social entrepreneurship and impact investing.
The COVID-19 market disruption has massive implications, specifically on small business employment. Kenan Institute experts project an 11.5 percentage point addition to the overall U.S. unemployment rate by small business layoffs. Our panelists also examined the role relief legislation can and should play in mitigating the economic effects of the pandemic. This briefing features Kenan Institute Research Director and UNC Kenan-Flagler Business School Professor Christian Lundblad, UNC Kenan-Flagler Business School Professor Paige Ouimet and Grant Thornton Chief Public Policy Officer Mary Moore Hamrick.
What’s best for a local economy—recruiting big, established companies, or nurturing home-grown startups? It’s a question economic developers and researchers have grappled with for decades. In a new white paper and Economic Development Quarterly article, Kenan Institute Senior Faculty Fellow Maryann Feldman and University of North Carolina at Chapel Hill professor Nichola Lowe offer a new tack: Try both.
The UNC Energy Center and the Kenan Institute of Private Enterprise hosted a conference on "Meeting the Renewables Intermittency Challenge" on April 13-14, 2018. The conference, and resulting white paper, examined the true cost of integrating renewable energy generation into the electric grid and explore ways to address the challenges posed by wind and solar energy intermittency.
Often the story of successful places is predicated on the story of an individual who was instrumental in creating institutions and making connections that were transformative for a local economy. Certainly this is the case for Silicon Valley in California and Fred Terman, the Dean of Engineering at Stanford University, USA, who offered his garage to his students, Hewlett and Packard, and encouraged other start-ups. Or George Kozmetsky, the founder of Teledyne, who created the Institute for Innovation, Creativity and Capital (IC2) and mentored over 260 local computer companies in Austin, Texas. Any reading of the lives of these individuals highlights their connection to community and motivations beyond making profits.
Real Estate investments continue to rise in importance in the alternative asset space. The Institute for Private Capital will host this event which will present innovative and leading research on real estate investments.
With the belief that private enterprise is the cornerstone of every free and prosperous society, the nonpartisan Frank Hawkins Kenan Institute of Private Enterprise develops and promotes innovative, market-based solutions to vital economic issues facing business today. Hear from Prof. Greg Brown, the institute’s executive director, about our work to foster the entrepreneurial spirit, stimulate economic growth and improve the lives of people everywhere in the video above, and visit www.kenaninstitute.unc.edu to learn more about how you can get involved.
On Thursday, January 30, we’ll be livestreaming the opening session of our fourth annual Frontiers of Entrepreneurship conference, featuring the release of the first-ever Trends in Entrepreneurship Report and a series of interviews with experts speaking to the findings and themes highlighted. The full report will be available for download at frontiers.unc.edu. 9:30 a.m. EST: Opening Frontiers of Entrepreneurship conference plenary + 2020 Trends in Entrepreneurship Launch 12:00 p.m. EST: Interview with Kenan Institute Executive Director Greg Brown 12:20 p.m. EST: Interview with JPMorgan Chase Institute Director of Business Research Chris Wheat 12:40 p.m. EST: Interview with University of Chicago Polsky Center of Entrepreneurship and Innovation Executive Director Starr Marcello 1:00 p.m. EST: Interview with Union Square Ventures Partner Brad Burnham 1:20 p.m. EST: Interview with UNC Kenan-Flagler Business School Phillip Hettleman Distinguished Scholar, Professor and Area Chair of Strategy & Entrepreneurship Chris Bingham 1:40 p.m. EST: Interview with Backstage Capital Founder and Managing Partner Arlan Hamilton