Even before the COVID-19 pandemic, finding affordable housing was a persistent problem in the U.S. In this Kenan Insight, we look at the factors driving the nationwide affordable housing crunch, particularly for those most affected by it — low income, single-parent families.
The passage of U.S. tax reform legislation in 2017 had an effect not only on companies based in the U.S., but on foreign firms as well, with Chinese companies seeing the biggest negative impact and companies in South America generally benefiting, according to a new study that looks at daily stock market returns around key dates leading up to the passage of the Tax Cuts and Jobs Act of 2017 (TCJA).
As the U.S. economy begins to recover from the COVID-19 pandemic and businesses grapple with ongoing labor shortages, the debate around increasing the federal minimum wage – which hasn’t budged in over a decade – has returned to the fore. In this Kenan Insight, we examine whether now is the right time to raise the standard minimum, why these benefits may come at a cost, and what approach might work best given the inevitable tradeoffs.
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.
This April, the UNC Tax Center once again welcomed guests from across the country and around the world to Chapel Hill for our 20th Annual UNC Tax Symposium. The event was a great success, with participants ranging from academic researchers in accounting, finance, law and economics to policymakers and practitioners with an interest in evidence-based tax research.
In their paper titled Squaring Venture Capital Valuations with Reality, researchers Will Gornall and Ilya A. Strebulaev propose that, due to flawed valuation models, the average unicorn fair value is overestimated by as much as 51 percent.
Join us for an afternoon with Chairman, CEO and Co-Founder of Blackstone, Stephen A. Schwarzman. Mr. Schwarzman is an active philanthropist with a history of supporting education and schools. Whether in business or in philanthropy, he has always attempted to tackle big problems and find transformative solutions.
As the unexpected increasingly becomes part of the everyday, Kenan Institute Distinguished Fellow Kathleen M. Sutcliffe discusses the capabilities and processes that allow businesses to face their moments of truth with resilience.
A panel of experts convened by UNC Kenan-Flagler Business School and its affiliated Kenan Institute of Private Enterprise will be offering a press briefing via webinar on re-starting the economy following the COVID-19 pandemic. Join Tuesday, June 16, at 11 a.m. EDT.
UNC Kenan-Flagler Business School Finance Professor and Sarah Graham Kenan Distinguished Scholar Camelia Kuhnen has been named director of research for the Frank Hawkins Kenan Institute of Private Enterprise.
Kenan Institute Senior Faculty Fellow Christian Lundblad will discuss Friday’s employment report and other economic issues during the institute’s monthly virtual briefing at 9 a.m. EST this Friday, Feb. 2.
In a continuing effort to examine the business sector's contributions to inclusive economic growth, the second annual Conference on Market-Based Solutions for Reducing Wealth Inequality will bring top researchers and private sector representatives to the University of North Carolina at Chapel Hill on April 25-26.
As a magnet for both population and employment growth, North Carolina has a propitious opportunity to create an inclusive and equitable entrepreneurial and small business ecosystem to support the state’s newfound prosperity.
We study Granger causality testing for high-dimensional time series using regularized regressions. To perform proper inference, we rely on heteroskedasticity and autocorrelation consistent (HAC) estimation of the asymptotic variance and develop the inferential theory in the high-dimensional setting. To recognize the time series data structures we focus on the sparse-group LASSO estimator, which includes the LASSO and the group LASSO as special cases.
State initiatives that build innovation capacity by supporting local academic research, attracting eminent scholars, and building research excellence have become prominent among the 50 states over the past 30 years. This article focuses on three programs: University Research Grants, Eminent Scholars, and Centers of Excellence.
PERC returns to Oxford University’s Saïd Business School on May 11-12, 2023, for the Private Equity Research Consortium Spring Symposium. This group of scholars and industry professionals conducts and promotes research on private equity.
Toyota announced a plan to build its first North American battery manufacturing plant in Randolph County, North Carolina — a $1.272 billion project that’s expected to bring up to 3,000 jobs – in 2025. Kenan Institute Chief Economist Gerald Cohen said the investment will be beneficial for the region and state, citing the “network effects” these types of facilities can create.
This study examines the economic impact of continuing care retirement communities on North Carolina and the potential they have for creating jobs and expanding the state's tax base. The report suggests that with North Carolina’s older adult population set to explode by nearly 70% in the next twenty years (an additional one million seniors), the impact of CCRCs on our state’s economic health will be staggering.
Co-hosted by the North Carolina Office of the US Economic Development Administration and the North Carolina Outdoor Recreation Industry Office at the Economic Development Partnership of North Carolina, NCGrowth’s Blueway Guide provides communities the tools they need to leverage waterways for economic development and increased quality of life. Speakers will include outdoor industry businesses, economic development professionals and community leaders.
Hosted by the North Carolina Investment Forum, this invitation-only breakfast will bring together members of the private capital community to launch efforts in compiling a comprehensive analysis of capital availability in North Carolina.