We investigate how auditor alignment, i.e. parent and subsidiary are audited by auditors from the same audit firm network, affects the quality of the internal information environment of groups and their subsidiaries decision making and performance management processes. We predict that auditor alignment improves internal information quality via better information coordination across the group, and via lower internal information asymmetry between parent and subsidiaries.
In academia, citations received by articles are a critical metric for measuring research impact. An important aspect of publishing in academia is the ability of the authors to navigate the review process and despite its critical role very little is known about how the review process may impact the research impact of an article.
UNC Professor of Economics, UNC Kenan-Flagler Business School Professor and Kenan Institute Senior Faulty Fellow Anusha Chari's latest research was featured in a recent National Bureau of Economic Research article. Chari's co-authored paper with Kenan Institute Director of Research Christian Lundblad and Federal Reserve Bank of Kansas City Economist Karlye Dilts-Stedman, is cited in the article that looks at capital market risks in emerging markets.
Failing to consider neurodiversity when trying to create truly diverse and inclusive workplaces has crucial implications for productivity and general life satisfaction. Organizations should consider these three points of action to improve their work environments and cultures.
Sports organizations typically sell tickets for popular elimination style tournaments (e.g., NFL Super Bowl) well in advance of the final games. Fans hesitate to buy these tickets because they are unsure about whether their favorite team will play in those games. As the result the tickets are cornered by agents and scalpers and resold at exorbitant prices once the playing teams are clarified. We demonstrate how consumer forwards and options buffer consumers from uncertainty, enhance league and team profits, and help control scalping.
Join the Center for the Business of Health for the 12th annual UNC Business of Healthcare Conference, "The Role of Innovation in Value-Based Health" on Friday, Nov. 4, 2022 at UNC Kenan-Flagler Business School.
Join the Leonard W. Wood Center for Real Estate Studies for the 2022 UNC Affordable Housing Symposium on Friday, Dec. 2, 2022 at the Rizzo Center. Industry and academic experts will explore how the Triangle can prepare for the future.
One of the greatest benefits of being a Kenan Scholar is having the opportunity to connect with the Kenan Scholars Board of Mentors, a group of successful professionals in the public and private sectors that are unique to each cohort. On Friday, Feb. 14, the sophomore scholars (Class of 2022) were joined by five mentors who discussed their career experiences and gave advice to these future professionals.
This paper seeks to improve our understanding of how intermediaries operate to advance the commercialization of science by providing a set of specialized services. We review five intermediaries commonly mentioned in the ecosystem literature: university technology transfer and licensing offices; physical space (incubators, accelerators, and co-working spaces); professional services providers; networking, connecting, and assisting organizations; and finance providers (including venture capital, angel investors, public financing, and crowdfunding).
Join the Leonard W. Wood Center for Real Estate Studies for the John A. Mitchener Housing Affordability Symposium on Friday, Dec. 1, 2023, at the Rizzo Center. Industry and academic experts will explore how the U.S. can combat increased housing costs.
Last month our home state of North Carolina was named “America’s Top State for Business” by CNBC (see the full ranking here). It wasn’t long after when some commentators pointed out that Oxfam had recently ranked N.C. as the worst state for workers. The extreme juxtaposition of rankings made me wonder if this was a coincidence or if there are systematic factors that make states good for businesses and bad for workers. Perhaps “right-to-work” laws, lax worker protection regulation or regional wage differences attract businesses looking to take advantage of areas with weak labor bargaining power. This in turn leads to business growth and thus job migration to states that are less desirable for individual workers. At the end of the day, economic planning should have the best interest of residents in mind when crafting business policy, so it seems worth unpacking what drives the rankings.
Could new legislation help drive the development of local tech clusters – and the growth of corresponding economic power and development – beyond Silicon Valley? In this week’s Kenan Insight, our experts explore the gravitational pull of Big Tech along with what it could mean if startups across the U.S. were better able to remain and grow in the communities where they launch.
North Carolina is one of the major migration destinations in the U.S. A newly created dashboard that uses 2015-2016 Internal Revenue Service (IRS) county-to-county migration data provides key insights into both the origins and economic characteristics of recent newcomers to the Tar Heel State.
As long-standing leaders in sustainability, the Center for Sustainable Enterprise and the Kenan Institute of Private Enterprise are proud to host the University of North Carolina Sustainability Awards.
In December 2019, the University of North Carolina at Chapel Hill (UNC) Center for the Business of Health (CBOH) began a research partnership with Sharecare, a leading digital health company founded by technology entrepreneur, Jeff Arnold, to assess the economic value of changing various health behaviors via mobile health (mHealth) interventions.
The high cost of building plants and safety concerns are among the obstacles blocking U.S. nuclear power’s return to relevance as an energy source, but the opportunity is there and government action will play a part.
In response to the economic chaos caused by the COVID-19 pandemic, the federal government launched its largest fiscal stimulus in modern history—the CARES Act. But with $2 trillion invested in small businesses, unemployment benefits and direct cash payments to households, the CARES Act has still fallen short of its goals to spur consumer spending and restore employment. This Kenan Insight analyzes what went wrong, and offers suggestions for the anticipated next round of federal economic aid.
Firms continue to strive for greater representation on corporate boards. One California law, attempting to mandate such greater representation, has encountered a recent setback. Two experts discuss obstacles to more diverse corporate leadership and offer approaches for surmounting them.
With 45 states offering a range of SBIR Outreach and SBIR Match programs specifically designed to enhance the federal SBIR program, such programs provide a useful lens for examining the nature of the multilevel innovation policy mix.
Economists and investors traditionally see uncertainty as a bad thing that suppresses growth and valuations, but new research shows that downstream uncertainty from customers in the U.S. supply chain can foretell expansion for firms and the economy.