This study builds on the knowledge spillover theory of entrepreneurship to examine the factors that influence the decision of latent entrepreneurs to move from opportunity recognition to opportunity exploitation and emergent entrepreneurship.
Brand naming challenges are more complex in logographic languages (e.g., Chinese), compared with phonographic languages (e.g., English) because the former languages feature looser correspondence between sound and meaning.
The Frank Hawkins Kenan Institute of Private Enterprise will host its Annual Open House Thursday, September 7, during which the newly re-envisioned business policy think tank and its affiliated centers will educate and engage with the UNC-Chapel Hill community and beyond.
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.
As The Wall Street Journal reported this week, Congress is gearing up for a potential showdown with the largest tech companies in the U.S. And with a bipartisan group of representatives pushing for legislation that would dismantle the monopoly power of Big Tech, this week's Kenan Insight revisits research on how regulating Amazon, Apple and others may be key to reviving the economies of America’s held-back cities and regions.
Competing technologies in emerging industries create uncertainties that discourage supplier investments. Open technology can induce supplier investments, but may also lead to intensified future competition. In this paper, we study competing manufacturers’ open-technology strategies. We show that despite the risk of intensifying future competition, open technologies by competing manufacturers may constitute an equilibrium and can indeed induce supplier investments.
The Frontiers of Business: Building Business Resilience conference capped our 2024 Grand Challenge with stimulating discussions on what business resilience looks like in a world of rapid change. Here are three lessons we heard.
The importance of geographic location to different types of industries is tested for by linking the geographic concentration in manufacturing industries to industry specific characteristics, most notably the relative importance of knowledge spillovers. The spatial distribution of innovative capacity as well as the geographic concentration of production are examined.
Each of the Kenan Institute's 2023 Distinguished Fellows has written a paper as part of their work to support our exploration of workforce disruption. Learn more about our fellows and read their papers, along with key takeaways from each.
Scholars have long been interested in new industry emergence, highlighting that it could often be impeded by uncertainty across four dimensions: technology, demand, ecosystem, and institutions. Building on the insight that uncertainty stems from partial knowledge, we develop a conceptual framework that utilizes a temporal and a process perspective for knowledge generation and aggregation.
Application Programming Interface (APIs) have increasingly become crucial to digital ecosystems, facilitating interconnectivity and data exchange essential for digital transformation and open innovation in today's business landscape. In this article, we introduce a perspective on how APIs can be viewed as a means of achieving a dynamic equilibrium between centralization and decentralization for value creation in business ecosystems.
Ride-hailing services are an essential mode of transportation for millions worldwide. The rapid growth of this service has raised concerns about its environmental impact. To address these concerns, ride-hailing companies are adding or introducing environmentally friendly vehicles (e.g., electric vehicles) to their platforms. However, it is not clear how adding such "green" vehicles will affect the environment and customers. To our knowledge, this paper is the first to analyze this question theoretically.
The Frank Hawkins Kenan Institute of Private Enterprise will host its Annual Open House Tuesday, August 28, showcasing its work and the work of its affiliated centers to the UNC-Chapel Hill community and beyond.
We study differences in the effects of prices, non-price promotions, and brand line length on brand shares at different retail formats. Our conceptual framework rests on the presence of trip level fixed and category level variable utility components and shows how the trade-off between these components results in (i) different formats visited on different types of shopping trips; and (ii) differential marginal sensitivities of brand shares to changes in marketing mix variables across trip types.
Research from UNC Kenan-Flagler Finance Professor Eric Ghysels attaches explicit costs to a model’s classification errors, in this case concerning pretrial detention decisions, avoiding the one-size-fits-all symmetrical cost function of traditional machine learning.
Most organizational leaders have come to recognize that hiring and retaining a diverse workforce is a business imperative. But many struggle to achieve their diversity goals. In this Kenan Insight, we explore how organizations can measure their “organizational equity” — that is, their internal distribution of power and resources — and build a diverse workforce that leads to greater organizational success.
On Nov. 1-2, leading practitioners and top researchers from around the world joined together at the tenth annual Private Equity Research Consortium (PERC) Symposium in Chapel Hill, NC. Hosted by the Institute for Private Capital, an affiliated center of the Frank Hawkins Kenan Institute of Private Enterprise, the conference has established a reputation as leading the discussion between leading academics and practitioners in the private capital arena. This year’s symposium not only unveiled the latest research insights, but also served as an occasion to look back at ten years of achievements and successes.
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.
Can investing in polluting industries be a tool for fostering sustainability? Yes, according to research by Kenan Institute Distinguished Fellow Jacquelyn Pless, and it may be more effective than divesting.