People differ greatly in their financial risk taking behaviour. This heterogeneity has been associated with differences in brain activity, but only in laboratory settings using constrained behaviours. However, it is important to understand how these measures transfer to real life conditions, because the willingness to invest in riskier assets has a direct and considerable effect on long-term wealth accumulation.
This event has been postponed to an as-yet undetermined date. We apologize for any inconvenience this may cause, and will post information about rescheduling as soon as we have it. Please continue to check the website for updates.
Social media have emerged as important channels to disseminate quality information to consumers in a variety of service settings. Their influence has recently spread to healthcare services, for which government report cards have long been established to disclose rigorous and credible quality information to the public. Given the presence of government report cards, do social media even matter in affecting consumer choice?
Join the Kenan Institute of Private Enterprise and the North Carolina CEO Leadership Forum September 22 for the launch of a new report examining the state of our national economy – and exploring its future.
Using a comprehensive and proprietary dataset on international private equity activity, we study the determinants of buyout investments across 61 countries and 19 industries over the period of 1990-2017. We find evidence that macroeconomic conditions, development of stock and credit markets, and the regulatory environment in a country are important drivers of international buyout capital flows.
While the gender pay gap has received significant attention in recent years, little progress has been made to close it; in fact, in 2019, women still earned only 82 cents for every dollar received by their male counterparts for equal work. Policymakers in recent years have developed creative solutions aiming to close the gap, including bans prohibiting employers from asking for a job applicant’s salary history. However, in this week’s Kenan Insight, new research from our experts examines whether such well-intentioned bans are inadvertently lowering wages for all employees.
Vice Chairwoman, First Citizens Bank
Please join us for an exclusive conversation with First Citizens Bank Vice Chairwoman Hope Bryant on Tuesday, March 29. This discussion is part of the Dean’s Speaker Series, hosted by Kenan-Flagler Business School Dean Doug Shackelford.
Cryptocurrency has its critics, but it’s becoming an increasingly mainstream option for retail and institutional investors alike. In this Kenan Insight, we share some thoughts from former Co-president of Morgan Stanley Zoe Cruz and Rethinc. Labs Faculty Director Eric Ghysels on whether crypto has reached a tipping point for adoption by individual investors.
North Carolina just inked an $850 million deal with Apple. CREATE Faculty Director Maryann Feldman wants the state to invest at least as much in its school-age residents.
When high-tech companies plan to expand, U.S. cities often compete to attract their investment. While living near a new corporate neighbor can bring job creation and an economic boost, these benefits aren’t experienced equally by local inhabitants. This week's insight explores this and other key findings in new research by UNC Kenan-Flagler Professor Franklin Qian and economist Rose Tan.
Seventeen states have enacted salary transparency laws to combat pay gaps historically experienced by people of color and women, but the laws take different forms and have produced varying results. How does requiring companies to provide summary salary statistics compare with, for example, preventing companies from asking applicants about their previous salaries? Can such laws actually work against employees? Two experts address these questions and more in this week’s Kenan Insight.
As generative AI tools embed themselves into everyday society, all of us are trying to understand their short- and long-term impact on organizations. The Technology Applications and Implications Model can help.
Chief Economist Gerald Cohen discusses why the uncertainty caused by the debt ceiling crisis is bad for the economy - regardless of how the situation ends.
Interested in a recap of the Frontiers of Business Conference: Workforce Disrupted? Read the key takeaways and powerful insights from the conference's speakers and panelists on the 2023 grand challenge theme.
The settlement with the National Association of Realtors will alter how real estate agents do business. Eric Maribojoc, associate director for the Affordable Housing Initiative at UNC Kenan-Flagler Business School, discusses changes we might see.
In this work, we model the joint distribution of the error term of the OLS model, the instrumental variables, and the error term for the reduced-form equation of the endogenous regressor by a Gaussian copula. We show that exogeneity of instrumental variables is equivalent to the exogeneity of their standard normal transformations with the same CDF value. Then, we establish a Wald test for the exogeneity of the instrumental variables. We also show that this method can be used to test the exogeneity of a regressor.
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.
Artificial intelligence was a major topic of conversation at the Frontiers of Business Conference on October 10. See how speakers and panelists think the technology will change the future of business.
In his Frontiers of Business keynote examining the use of artificial intelligence, MIT economist David Autor sees a future where AI extends the expertise of workers rather than replacing them.
The recipients of the Kenan Investment Management Fellowships for 2017 were announced by the Institute for Private Capital and Center for Excellence in Investment Management in partnership with the Frank Hawkins Kenan Institute of Private Enterprise at UNC Kenan-Flagler Business School.