As firms mature, their founders are often replaced with seasoned executives. When founders are retained, the surrounding top management team (TMT) members are viewed as critical resources in helping compensate for the founder's managerial deficiencies. Surprisingly, however, little is known about how TMT members affect a founder‐led firm's performance later in a firm's life.
We find that although team structure has a significant impact on the performance of nonfounder‐led firms (consistent with past literature), it has little to no effect on the operating performance of founder‐led firms, suggesting that founder chief executive officers (CEOs) may exert too much control. Thus, the irony is that founders are retained to propel progress but their very retention may prevent progress.
Join us to hear from Seth Lloyd, Professor of Mechanical Engineering and Physics at MIT, as he shares his findings on quantum algorithms for analyzing financial data and predicting time series
In her new position as Kenan Institute director of research, UNC Kenan-Flagler Business School Finance Professor Paige Ouimet will maintain the institute’s connections with the school that create the steady flow of translational research for business practitioners and policymakers.
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.
The Biden administration's $2.3 trillion American Jobs Plan comes with a hefty price tag, which the president hopes to pay in part by introducing a 15% minimum tax on corporate book income. Predictably, policymakers from both sides of the aisle are sounding off, but the argument is more complicated and nuanced than partisan rhetoric. In this Kenan Insight, we outline the intricacies and implications of taxing book income.
...ecosystems – is whether regions have single ecosystems that encompass all of their high-growth entrepreneurial community or have multiple, nested ecosystems centered around specific sectors. Spigel’s project will conduct a...
...Estate Data Alliance (CREDA) Among the community of researchers and practitioners in commercial real estate (CRE), there is a sense that the field has lagged behind other asset classes in...
On June 5-7, more than 80 of the world’s leading business school researchers, policymakers and practitioners of corporate sustainability convened at the Kenan Center for the 11th annual conference for the Alliance for Research on Corporate Responsibility (ARCS). The event attracted attendees from North and South America, Asia and Europe, from management, law, public policy, operations and economics.
Where can a UNC Kenan-Flagler MBA student supplement classroom training with hands-on leadership and a year-long research project on a critical, real-world business issue with the guidance of the school’s distinguished faculty? Whether the subject of study is infrastructure investing, nuclear energy generation, socioeconomic disparities or venture capital funding, the Kenan Scholars program is the best venue for such an experience.
Kenan Institute Chief Economist Gerald Cohen discusses the power of productivity and what that means for the U.S. economy.
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...
Since 2008, the Alternative Investments Conference has served as a forum for private equity, hedge fund, venture capital, and other alternative asset professionals to network, share ideas, and stay abreast of industry trends. The conference provides insights into current topics in alternative investments as well as the opportunity to meet and learn from some of the most influential industry leaders. The UNC Alternative Investments Conference is sponsored by the Institute for Private Capital at the University of North Carolina at Chapel Hill.
The Frank Hawkins Kenan Institute of Private Enterprise was proud to host Bill Rogers, chairman and CEO of SunTrust Banks, at the Kenan Center Monday, Nov. 19. The Kenan Institute hosted Rogers as part of its Dean’s Speaker Series, which is made possible by the Archie K. Davis endowment. During his visit, the UNC Kenan-Flagler Business School alumnus met with faculty, staff and students to discuss issues ranging from rural economic development to emerging technologies.
Yimfor, a Kenan Institute Distinguished Fellow, will discuss his recent work on how access to venture capital varies by the founder’s race and alma mater and explore mechanisms driving the variation.
ESG measurement and impact accounting can have vast economic and social influence; however, implementation is extremely challenging for both businesses and policymakers. In this week’s insight, our experts propose ways of refining ESG measures to produce structures that meet various stakeholder needs, drive reporting free from political influence and agendas, and illustrate the promise and risks of impact accounting.
The latest report from the Department of Labor showed continued robust job growth. Employers added 431,000 jobs in March. The news of sustained job gains speaks to the strength of the U.S. economy. Moreover, the labor force participation rate inched up slightly to 62.4% in March, from 62.3% in February, indicating more Americans are reentering the workforce. We still have a long way to go to resolve the imbalance between job openings and unemployed people, however, and this means that current issues of worker burnout will also linger.
To find signs of productivity, we must first know where to look. Chief Economist Gerald Cohen describes how an area’s industry mix is key to its productivity and how adjusting that mix can drive more local growth using data from our American Growth Project.
Professional psychologists are increasingly encouraged to document and evaluate the quality of the treatment they provide. However, there is a significant gap in knowledge about the extent to which extant definitions of treatment quality converge with patient perceptions. The primary goal of this study was to examine how adolescent substance users (ASU) and their caregivers perceive treatment quality.
...the scientific and technical services sector reported 60% growth over the past ten years, with other sectors such as healthcare, retail trade, educational services and manufacturing also growing during the...