History informs us that some people, especially the wealthy, typically flee cities in response
to pandemics and other major catastrophes. Media accounts and preliminary empirical
research suggest that the response to the COVID-19 pandemic is no exception. Nearly a half
million people reportedly fled hard-hit New York City within two months of the World Health
Organization declaring the coronavirus disease a global pandemic.Some coronavirus pandemic refugees headed to nearby suburbs, others headed to second homes and vacation spots in other states, and still others moved back home to live with parents.
Immigrants are once again the targets of draconian policymaking. It is during the COVID-19 pandemic this time. Through a series of presidential proclamations and other executive branch maneuvers, the Trump Administration is attempting to leverage a host of so-called migration management tools to ban entry and force some immigrant to leave the country—all under the guise of containing the spread of the coronavirus and protecting American jobs.
This study explores how firms learn heuristics from negative outcomes. Prior literature has suggested that learning is strongly affected by whether attributions for negative outcomes are internal or external. Our data complement this view by revealing a new and different pattern. Specifically, they show that learning heuristics appears more dependent on whether attributions are convergent or divergent across hierarchical levels.
Our briefing paper offers a perspective that centers on what we can reliably learn from the general direction of AI impacts on business change, rather than just speculate about. Only then can executives assess what AI points to for their firm’s development in its current and potential competitive ecosystem, leveraging its organization, technology and financial capabilities.
A fundamental issue faced by operations management researcher relates to striking the right balance between rigor and relevance in their work. Another important aspect of operations management research relates to influencing and positively impacting businesses and society at large. We constantly struggle to achieve these objectives.
Commercial real estate is a major asset class, with an estimated value of more than $12 trillion in the U.S. alone. But the stay-at-home orders and business closures precipitated by the COVID-19 pandemic have the potential to negatively – and disastrously – affect commercial properties. What will the short- and long-term impacts be, which types of properties will be hardest hit and what policies can be put in place to help stem the tide of losses? UNC Kenan-Flagler Business School Professor and Leonard W. Wood Center for Real Estate Studies Faculty Advisor Andra Ghent and her colleagues examine these issues in this week’s Kenan Insight.
The crash of the stablecoin TerraUSD last month prompted talk among policymakers of tighter regulations for cryptocurrency markets, a world that was built around the ideas of independence and privacy. In this week’s Kenan Insight, experts who participated in a recent webinar discuss how regulation can move crypto forward and what form new rules and infrastructure might take.
This case study describes the entrepreneurial ecosystem in Durham, North Carolina – the people and organizations primarily located downtown who embrace this mission.
Jim Johnson presented at the North Carolina Local Government Budget Association's 2017 Summer Conference in Wilmington about signs of global aging, key drivers, and opportunities for economic development.
This paper exploits policy discontinuities at U.S. state borders to examine the effect of R&D investments on innovative projects. We examine the Small Business Innovation Research (SBIR) State Match program.
Greg Brown, executive director of the Kenan Institute, has been named to Governor Roy Cooper’s new North Carolina Entrepreneurial Council, established to support policies that encourage entrepreneurship, foster economic development, and support sustainable, high-quality jobs. Brown joins Kenan Institute Board of Advisors member Thom Ruhe as the second institute member on the council.
North Carolina Governor Roy Cooper has appointed Tom Kenan to the Executive Mansion Fund Incorporated Board of Directors. Kenan is director of Flagler System, Inc. and serves on the UNC-Chapel Hill Kenan-Flagler Business School Board of Visitors. He is also a trustee of the William R. Kenan, Jr. Charitable Trust and Fund Director.
The case study "Electronic Financial-Advisor for Tech Savvy" (EFforTS, or Efforts) examines a Robo-Advisor start-up based in Raleigh, North Carolina, founded by tech-industry entrepreneurs. Efforts developed an algorithm-based online investment platform tailored for technology professionals, gaining attention through successful social media marketing.
Mark Little, executive director of the Kenan Institute affiliated center CREATE and co-founder of NCGrowth, appeared on the Friday, Feb. 21 episode of WTVI PBS Charlotte's "Carolina Business Review." Mark discussed economic development across the Carolinas with with Jeff Ruble, Richland County, South Carolina director of economic development; Pat McCrory, former North Carolina governor; and host Chris William. Watch the full episode here.
Greg Brown, executive director of the Kenan Institute, spoke with ABC 11 (WTVD) News about LinkedIn’s workforce confidence survey. The survey shows that North Carolina workers’ confidence in workplace safety dropped 10 points from May to June — which Brown said is not surprising.
As North Carolina's entrepreneurs, industries and communities move forward amidst COVID-19, Kenan Institute affiliated center NCGrowth is helping to make sure they have the tools to succeed when business can fully re-open again.
Total funding in North Carolina hit a record $3.4 billion in 2020 with the potential to hit $4 billion in 2021, along with a 10% increase in the number of companies funded, but it’s often a challenge to get cash cycled into new companies and new investments.
In a recent ABC-11 news feature, Kenan Institute Executive Director Greg Brown weighed in on the proliferation of new businesses formed in North Carolina during the COVID-19 pandemic.
North Carolina has been a relatively affordable place to live, but the housing climate is shifting as industry booms. On Nov, 19, join the Wood Center for Real Estate Studies and the Kenan Institute for the UNC Affordable Housing Symposium where industry and academic experts will explore how the Triangle can prepare for the future. Over the course of three interactive sessions, attendees will learn about an innovative model for preserving affordable workforce housing in high-impact locations, engage in a conversation around the impediments to developing new workforce housing communities, and ponder how shifts to remote work might impact the region’s housing affordability.
Workforce (moderate income) housing remains a critical area of need across the State of North Carolina. Without government subsidies, developers are challenged to deliver a multifamily for-rent product accessible to those who earn 80%-120% of Area Median Income. Building on their previous efforts to address this deficiency, the Wood Center for Real Estate Studies, in partnership with the Kenan Institute for Private Enterprise, will be convening a roundtable of selected participants within the multifamily development process.