We examine the global equity supply chains of U.S. multinationals to explore how tax and nontax country characteristics affect whether firms use foreign holding companies and where they locate them. We find that U.S. multinationals supply equity from headquarters to their foreign operating companies through foreign holding companies located in countries that lightly tax equity distributions.
DaimlerChrysler’s origins date as far back as 1883, when its predecessor “Benz & Co. Rheinische Gasmotoren-Fabrik, Mannheim” was founded by Karl Benz in Germany. The Chrysler Corporation was founded in the United States in1925 by Walter P. Chrysler. In November 1998 Chrysler and Daimler Benz completed a $36 billion merger, forming DaimlerChrysler, the fifth largest automaker in the world with estimated sales of $160 billion.
This paper studies a long-term power purchase agreement (PPA) between a firm and a new renewable energy generator.
We use construal level theory to investigate how the way employees construe where work occurs—defined as work context construal—influences perceptions of harm and the ethical framing of risk-mitigating behaviors. We hypothesize that high-level (abstract) work context construals (vs. low-level, concrete ones) reduce perceptions of potential harm which, in turn, leads to framing risk-mitigating behaviors as less of an ethical obligation.
The Peak Performance simulation is an experiential learning process designed to help learners and medical professionals develop communication and interpersonal skills that are critical in today’s health care settings. The skills practiced in this simulation have a direct impact on our interactions with patients, how we work with colleagues, and our capacity to lead others.
On January 20, Joseph R. Biden, Jr. will become the 46th president of the United States. In this Kenan Insight, we look at what the Biden administration might mean for the economy and business activity in 2021, including what Biden's highest priorities are, what we can expect in both his and Congress's first 100 days and what we can learn from the divisiveness of the elections and the January 6 attack on the Capitol.
The coronavirus disease 2019 pandemic has brought into focus the limits on flexibility and innovation associated with market consolidation in care delivery. While anecdotes about the ossification in care delivery predominate, broader economic indicators point to the negative outcomes of consolidation.
The Institute for Private Capital’s newly-released interactive model that aims to help private equity leaders assess diversity, equity and inclusion (DEI) goals was featured in a report by Ernst & Young.
Greater focus on social justice has brought systemic inequities in the corporate sector to light, leading companies to step up their efforts in attracting and retaining a diverse workforce – but many challenges remain in implementing those goals. Following a joint report between the Kenan Institute and EY, this week’s Kenan Insight breaks down some challenges companies may face while trying to reach their diversity, equity and inclusion goals.
Voting outcomes can differ from underlying preferences due to strategic selection into voting. One explanation for such selection effects is lower participation of shareholders with popular preferences (free-rider effect) relative to those with unpopular preferences (underdog effect). We illustrate these effects in a rational choice model in which the voting participation decision depends on the probability of being pivotal and the costs and benefits of voting.
The Kenan Scholars program has exploratory funds allocated for scholars to attend conferences and other activities that contribute to their education in a meaningful way. Because of the exploratory fund, senior scholar Emily Arnold attended the 2019 Solutions for Affordable Housing Conference in Washington, D.C., on Dec. 3 and 4.
We explore the impact of Knightian uncertainty on contracting within a multi-layered firm. We study a setting where, absent uncertainty, division managers should be paid based on their division performance, but not other divisions' performance.
In the past decade, coworking spaces have emerged as a new and promising phenomenon within entrepreneurship. Due to its prevalence, popularity and potential for disruptive change, coworking is increasingly relevant to theory, practice and policy in entrepreneurship, yet its implications are largely unstudied given its rapid rise.
Many people dream of starting their own business. But before they can make their dream a reality, one of the first and most important decisions they must make is whether to go it alone or partner with someone they may, or may not, already know. Which approach is better?
Maryann Feldman, the S.K. Heninger Distinguished Professor in the UNC Department of Public Policy and faculty director of Kenan Institute affiliated center CREATE, testified before the House Subcommittee on Research and Technology on Wednesday.
Using #BlackLivesMatter as a case study, this research documents the tensions and harms associated with trademarking online social movement hashtags.
When large firms are in search of new leadership, oftentimes a former leader is the answer. There have been many high-profile examples of boomerang CEOs being both resounding successes and spectacular failures. So what do the numbers say?
Overview and Objectives The mission of the Kenan Entrepreneurial Ventures Initiative (KEVI) is to be an international thought-leader in entrepreneurship education, research, and outreach. KEVI works with faculty in UNC’s...
Each year, the Kenan Institute of Private Enterprise selects a small group of incoming undergraduate and MBA students....
This invitation-only conference will convene 100 thought-leaders from academics, industry and government to debate the most challenging current issues in the field of entrepreneurship and set the agenda for future research and policy.