In a recent paper published in the Economic Development Journal, James H. Johnson, Jr., Allan M. Parnell and Huan Lian, researchers from the Frank Hawkins Kenan Institute of Private Enterprise, assert that an aging population is an opportunity for economic growth.
From healthcare to manufacturing to consumer goods, the adoption of artificial intelligence and machine learning is quickly becoming indispensable to how we live our lives. Both were the focus of the Rethinc. Machine Learning Symposium on Friday, Nov. 29, at the Kenan Center in Chapel Hill.
Traditional financial institutions and fintech companies continue to debate the future of financial services and the role such innovations as blockchain and cryptocurrency will play in that future.
The enactment of the Tax Cuts and Jobs Act (TCJA) on Dec. 22, 2017 dropped the U.S. corporate tax rate from 35 percent to 21 percent, creating the prospect of substantially improved cash flows for many U.S. companies. While the effects of this tax cut are still working their way through the economy, it’s not too early to ask an important question: where did (or will) the money go?
This symposium will bring together 100 of North Carolina’s leading software executives and investors for a half-day session of discussions and insights on the challenges and opportunities facing participants in the Triangle’s burgeoning tech ecosystem.
On Wednesday, Sept. 4, the Kenan Institute hosted the interdisciplinary seminar, “Does Tax Planning Affect Organizational Complexity: Evidence from Check-the-Box” at the Kenan Center in Chapel Hill.
We study how an improvement in contracting institutions due to the 1999 U.S.-China bilateral agreement affects U.S. firms’ innovation. We show that U.S. firms operating in China decrease their process innovations—innovations that improve firms’ own production methods—following the agreement.
Taylor, who took on P&G’s top leadership role in 2015, shared his vision for transforming the venerable personal products giant into a leaner and more responsive company.
Private equity firms now manage commitments of nearly US$3.4t globally, up from less than US$500b in 2000, and in a significant shift new capital from private markets has surpassed for capital raised in public markets for the first time ever.
Real Estate investments continue to rise in importance in the alternative asset space. But much is still to be learned about their value and performance.
We develop a multi-period theoretical model to characterize the relationship between a publication that ranks universities and prospective attendees -- high school students -- who might view the ranking and use it to help decide which university to attend.
As part of the “Emerging Models in Affordable Housing” breakout session at the Investing in Affordable Housing Symposium, University City's Aaron Lubek and Domos Co-Living's Derrick Barker shared insights on new ideas circulating among communities.
In partnership with Vista Equity Partners, NCIF hosted the inaugural Software Growth & Investment Symposium on Tuesday, Nov. 12, 2019. The event brought together members of the Triangle’s burgeoning tech ecosystem to learn from leading software executives and their investors about proven approaches to scaling from $10 million to $100 million annual recurring revenue.
When financially distressed firms have overwhelming debts, a prominent option for survival is to file for Chapter 11 bankruptcy protection. We empirically study the effect of Chrysler’s Chapter 11 bankruptcy filing on the quantity sold by its competitors in the U.S. auto industry.
Despite having the deepest and most diverse capital markets in the world, the United States still struggles to provide sufficient capital to many small businesses outside of major commercial centers as well as to women-owned and minority-owned businesses regardless of size or location. This paper reviews the academic literature and provides an analysis of some recent data to gain understanding of the causes of these gaps as well as the solutions for filling the gaps. Results indicate that the Small Business Administration’s SBIC program is an effective mechanism for providing capital to underserved geographies as well as to businesses owned by women and underrepresented minorities.
Commercial real estate (CRE) is real estate held to generate income or used as an input into production by firms. It is notably different from other asset classes of a similar magnitude in that CRE is traded in private, illiquid markets. CRE is a hugely important asset class that has received less attention from the academic literature than asset classes that rival CRE in terms of sheer value. Yet pension funds, life insurance companies, sovereign wealth funds and other institutional investors seek the diversification benefits provided by CRE’s unusually steady income flow. The paper, “Commercial Real Estate as an Asset Class,” by Andra Ghent of UNC Kenan-Flagler Business School, Walter Torous of the MIT Center for Real Estate and Rossen Valkanov of UCSD’s Rady School of Management provides a much-needed overview of the CRE literature thus far, focusing on its attributes as an asset class.
The webinar will outline how to apply for U.S. Small Business Administration business disaster recovery loans. SBA District Director for North Carolina Thomas Stith and Senior Area Manager Patrick Rodriguez will present via Zoom covering the administration's Economic Injury Disaster Loan program for coronavirus related economic disruptions.
The COVID-19 pandemic has exposed vulnerabilities in many supply chains, none more so than the healthcare supply chain. What factors have contributed to the alarming lack of readily available healthcare resources in the wake of overwhelming need? And what can be done to prevent such a disconnect from happening again? Professor Brad Staats, faculty director of the UNC Center for the Business of Health, and UNC Kenan-Flagler Business School Professor Jay Swaminathan present the findings of their most recent supply chain research in this week’s Kenan Insight.
This research paper develops a substantial, large-scale database of building energy use, energy audit reports, land use, and financial characteristics in New York City to empirically model the hurdle rate for energy retrofit investments, using actual audit data per permitted renovation work.
We propose a method for decomposing private fund portfolio performance into effects from timing, strategy selection, geographic focus, sizing of fund allocation, and fund selection attributes.