Are you a forward-thinking student at UNC? Join the Kenan Institute of Private Enterprise Ambassador Interest Meeting on September 19 at 5 PM to learn more about how you can represent the Institute and serve as hosts for visitors.
As deep learning and big data increasingly shape modern artificial intelligence (AI) tools, it is essential to consider the broader impact of integrating AI into workplaces. While AI applications can optimize processes and improve productivity, their long-term effects on workers’ learning curves and overall performance are still underexplored. This paper investigates the intricate relationship between AI-enabled technology and workers’ learning dynamics through a large-scale randomized field experiment conducted on the Instacart platform.
A replication study assesses whether the results of a particular prior study can be reproduced, including in new contexts with different data. Replication studies are critical for building a cumulative body of research knowledge.
The study of congruence is central to organizational research. Congruence refers to the fit, match, similarity, or agreement between two constructs and is typically framed as a predictor of outcomes relevant to individuals and organizations. Previous studies often operationalized congruence as the algebraic, absolute, or squared difference between two component variables.
In organizational psychology research, most theories put forth directional predictions, such as stating that an increase in one construct will result in an increase or decrease in another construct. Such predictions are imprecise, given that they can be confirmed by a wide range of values, and theories that rely on such predictions bear little risk of falsification.
Negotiation role-playing simulations are among the most effective and widely used methods for teaching and conducting research on negotiations. Teachers and researchers can either license a published, “off-the-shelf” simulation or write their own custom “bespoke” simulation.
Suppose one uses a parametric density function based on the first four (conditional) moments to model risk. There are quite a few densities to choose from and depending on which is selected, one implicitly assumes very different tail behavior and very different feasible skewness/kurtosis combinations.
When modeling economic relationships it is increasingly common to encounter data sampled at different frequencies. We introduce the R package midasr which enables estimating regression models with variables sampled at different frequencies within a MIDAS regression framework put forward in work by Ghysels, Santa-Clara, and Valkanov (2002).
Kenan Institute Executive Director Greg Brown, Director of Research Christian Lundblad and Senior Research Associate Philip Howard's research warns of the risks of investing in crowded hedge funds – particularly during periods of market distress. “The crowdedness of an equity position is an important ingredient for characterizing risk,” the trio wrote in their latest paper "Crowded Trades and Tail Risks."
The European Union has granted the United Kingdom a short extension on their anticipated Brexit deal. Now what?
In the first study of the impact of the opioid crisis on firms, UNC Kenan-Flagler researchers demonstrate the negative effects of opioid abuse on long-term firm growth, investment and valuation.
A core idea in competitive strategy is that a firm’s ability to capture value depends on the creation of value: maximizing the gap between willingness to pay and cost. This value can depend on or be enhanced through complementarity, where the willingness to pay for an offering is increased in the presence of another offering. Substitutability is assumed to have the opposite effect.
Vickie Gibbs, executive director of the Entrepreneurship Center, and Maryann Feldman, director of CREATE, were featured in a recent News & Observer piece that looks at the growth of new businesses in the Triangle and how that's impacting the broader entrepreneurial ecosystem in the region.
Scholars continue to debate whether voice and silence are opposites or distinct constructs. This ambiguity has prevented meaningful theoretical advancements about employees’ voice and silence at work. We draw on the behavioral activation and behavioral inhibition systems perspective to provide a conceptual framework for the independence of voice and silence and explicate how two key antecedents—perceived impact and psychological safety—more strongly relate to voice and silence, respectively. We further differentiate voice and silence by identifying their unique effects on employee burnout.
Medicare observation status has remained controversial since its introduction as an administrative payment category dating back to at least 1983. Much of the debate revolves around beneficiary billing and the 3-day rule, which requires that beneficiaries spend 3 consecutive days as an inpatient in order to receive coverage for postacute skilled nursing facility (SNF) care.
As part of President Joe Biden’s efforts to refocus the Federal Reserve Board, the Senate conducted confirmation hearings for several nominees this past week. While these hearings traditionally raise spirited exchanges about the nominees’ views on monetary policy and bank supervision, a new and more controversial topic involves the extent to which the Federal Reserve should internalize climate risks into its purview. Before wading into central bank wonkishness, it is important to make clear that climate change represents a serious risk to not only the U.S. economy but to humanity itself. Nevertheless, we need to be very deliberate in the assessment of the available policy tools, with an eye to where unintended consequences may reside.
Russia’s invasion of Ukraine has disrupted the movement toward globalization that has benefited investors since the end of the Cold War. This development, combined with inflationary pressures not seen in three decades, should prompt individual and institutional investors to reconsider their approach to managing their money, Director of Research Christian Lundblad recently shared with the Raleigh News & Observer.
UNC Kenan-Flagler Business School Professor Mark McNeilly discusses how ChatGPT and other AI tools will change the workplace - as well as how workers can best prepare themselves for these changes.
Building resiliency is essential for managing today's distinct risks, yet how do businesses develop the agility and adaptability that would make them more resilient? That's the focus of the 2024 Kenan Institute Grand Challenge.
An analysis shows the overall number of suppliers and countries supplying goods did not change significantly from 2019 to 2021. Companies did shift away from riskier countries like China, and delivery patterns also changed.