Reactions from Wall Street and Main Street to how a company addresses – or doesn’t address – issues of gender inequality and sexual harassment affect social media sentiment, brand equity and market value, new research shows.
More than four years since the start of the COVID-19 pandemic, we examine the essential elements that build small-business resilience, emphasizing the importance of personal fortitude and intangible resources in ensuring business survival.
...Earned” kiimageurl=”https://kenaninstitute.unc.edu/wp-content/uploads/2020/07/iStock-1056975106.jpg” ]The topic of gender and law firms is becoming increasingly important as the number of women graduating from law school continues to rise.[/topsliderslide][topsliderslide kilink=”https://kenaninstitute.unc.edu/wp-content/uploads/2020/08/2020_Herron.pdf” kititle=”Entrepreneurship as Empowerment: Economic...
The authors provide an overview of the main accomplishments of private equity since the emergence of leveraged buyouts in the 1980s, and of the challenges now facing the industry—challenges that have been encountered before during three major growth waves and two full boom-and-bust cycles.
The goal of this paper is to conduct a survival analysis to determine the causal impact of federal R&D subsidies on firms’ long-term survival.
The Kenan Institute will host John Allison for an exclusive conversation about leadership with UNC Kenan-Flagler Business School students. Allison is an Executive in Residence at the Wake Forest School of Business, as well as a member of the Cato Institute’s Board of Directors and Chairman of the Executive Advisory Council of the Cato Institute’s Center for Monetary and Financial Alternatives.
Arun Sundararajan, the Harold Price Professor of Entrepreneurship and Professor of Technology, Operations and Statistics at New York University’s (NYU) Stern School of Business, and member of the World Economic Forum's Global Future Council on the New Economic Agenda, will deliver the 2020 Michael Sherraden Lecture.
Mark G. Little has been named executive director of the Frank Hawkins Kenan Institute of Private Enterprise at the University of North Carolina Kenan-Flagler Business School.
Join us to hear Dr. Daniel J. Egger present his findings from his work in the Quantum Technologies group at IBM Research in Zurich. His research focusses on the control of quantum computers and on the practical applications of quantum algorithms in finance.
UNC Kenan-Flagler Business School Professor Al Segars and co-author Anselm Beach have written about their new model for developing diversity, equity and inclusion in an organization, the Values/Principles Model, in the most recent issue of the MIT Sloan Management Review. At a time when recognition of DEI’s benefits has become widespread, their approach gives leaders the tools to create real change that will allow their whole companies to prosper. Learn more by clicking below.
This study investigates how the organizational reporting structure of the university technology licensing office (TLO) and the educational background and experience of the TLO director affect the technology transfer process.
With the upcoming November election and calls by President Trump for 1 or more vaccines for coronavirus disease 2019 (COVID-19) to be ready before the end of the year, if not by the election, many have started to wonder whether the US Food and Drug Administration (FDA) can withstand this type of political pressure.
By almost any measure, marketing academia is in a better shape than it has ever been. Job prospects for PhD students have improved substantially in recent years. According to the 2017 Marketing Academia Labor Report, there were 1.83 candidates per new assistant professor (“rookie”) position compared to 2.85 to 1 in 2010. Moreover, there are 37 open positions for advanced assistant professors with only 14 people looking for such positions. The median 12-month salary for entry-level positions is $190,000, up from $162,260 in 2010. Colleagues in the School of Arts & Sciences, as well as most people in the government or private sector, would gladly enjoy such opportunities.
Combining a Monte Carlo simulation with a statistical model of player skill and random variation in scoring, we estimate the seeding and selection efficiency of the PGA TOUR's FedExCup, a very complex multi-stage golf competition, which distributes $35 million in prize money, including $10 million to the winner.
Customer review manipulation is a common strategy employed by sellers of online marketplaces to combat competitors. The impact of this deceptive behavior on the competitive pricing of online marketplaces is intricate. First, buying fake reviews incurs additional costs and alters customer demand in competitive settings by misrepresenting product information. Second, the pricing is determined through internal competitions, where sellers compete with each other within an online marketplace. This is because the winner's price is the default price displayed to customers, representing the price of the online marketplace. Meanwhile, online marketplaces also effectively manage prices in order to stay competitive in external competition against multi-channel retailers, further complicating this problem. To unravel this influence mechanism, we build instrumented econometric models and develop a game-theoretic model to empirically and theoretically analyze this influence mechanism in the context of internal and external competitions, respectively.
Often the story of successful places is predicated on the story of an individual who was instrumental in creating institutions and making connections that were transformative for a local economy. Certainly this is the case for Silicon Valley in California and Fred Terman, the Dean of Engineering at Stanford University, USA, who offered his garage to his students, Hewlett and Packard, and encouraged other start-ups. Or George Kozmetsky, the founder of Teledyne, who created the Institute for Innovation, Creativity and Capital (IC2) and mentored over 260 local computer companies in Austin, Texas. Any reading of the lives of these individuals highlights their connection to community and motivations beyond making profits.
Over 1960 to 2017, we show that a positive risk premium from holding high-beta stocks (versus low-beta stocks) and small-cap stocks (versus large-cap stocks) is reliably earned only after the expected stock-market volatility breaches an approximate top-quintile threshold. The high conditional average returns with this nonlinear risk-return phenomenon are persistently evident over months t+1 to t+6 following a volatility-threshold breach in month t-1.
We examine the effects of an annual government social safety net payment on crime by leveraging geographic and intertemporal variation in the magnitude and timing of earned income tax credit (EITC) payments, combined with crime micro-data.
For someone so young, Nick Black (Kenan-Flagler MBA ’13) has racked up more accolades than many people twice his age: Kenan Institute Leadership Fellow (precursor to the current Kenan Scholars program), Rollie Tillman Leadership Award, and Presidential Leadership Scholar, not to mention the numerous medals he won as a member of the 173rd Airborne Brigade Combat Team.
While technological advances have traditionally been a boon to the U.S. economy, the rapid rise of new platforms and the increased financialization of the economy in recent years have encouraged the growth of monopolies—driving an ever-widening geographic gap in the distribution of income across the country. New research from the Kenan Institute’s Professor Maryann Feldman explores the ramifications of this growing divide.