In May 2023 the Environmental Protection Agency (EPA or the Agency) issued proposed emission standards (the Rules) for existing and new Fossil Fuel-Fired Electricity Generating units. Issued under EPA’s Section 111 authority wherein the Agency asserts the right under the Clean Air Act and subsequent court rulings to regulate greenhouse gas emissions, the new standards, if sustained, would accelerate retirements of coal plants. The Rules also impact utility plans to operate existing and to build new natural gas plants.
On Thursday, January 30, we’ll be livestreaming the opening session of our fourth annual Frontiers of Entrepreneurship conference, featuring the release of the first-ever Trends in Entrepreneurship Report and a series of interviews with experts speaking to the findings and themes highlighted. The full report will be available for download at frontiers.unc.edu. 9:30 a.m. EST: Opening Frontiers of Entrepreneurship conference plenary + 2020 Trends in Entrepreneurship Launch 12:00 p.m. EST: Interview with Kenan Institute Executive Director Greg Brown 12:20 p.m. EST: Interview with JPMorgan Chase Institute Director of Business Research Chris Wheat 12:40 p.m. EST: Interview with University of Chicago Polsky Center of Entrepreneurship and Innovation Executive Director Starr Marcello 1:00 p.m. EST: Interview with Union Square Ventures Partner Brad Burnham 1:20 p.m. EST: Interview with UNC Kenan-Flagler Business School Phillip Hettleman Distinguished Scholar, Professor and Area Chair of Strategy & Entrepreneurship Chris Bingham 1:40 p.m. EST: Interview with Backstage Capital Founder and Managing Partner Arlan Hamilton
On Jan. 30, 2020, the Kenan Institute of Private Enterprise and UNC Entrepreneurship Center released the inaugural Frontiers of Entrepreneurship Trends Report. The report features timely insights into topics that affect founders, funders and the broader entrepreneurial ecosystem. Combining expert analysis, this report translates rigorous academic research to ensure findings are actionable for the broader entrepreneurial community, aiming to inform practitioners’ decisions and encourage further exploration of research topics by scholars. Download the full report at https://frontiers.unc.edu/.
On Thursday, January 30, we’ll be livestreaming the opening session of our fourth annual Frontiers of Entrepreneurship conference, featuring the release of the first-ever Trends in Entrepreneurship Report and a series of interviews with experts speaking to the findings and themes highlighted. The full report will be available for download at frontiers.unc.edu. 9:30 a.m. EST: Opening Frontiers of Entrepreneurship conference plenary + 2020 Trends in Entrepreneurship Launch 12:00 p.m. EST: Interview with Kenan Institute Executive Director Greg Brown 12:20 p.m. EST: Interview with JPMorgan Chase Institute Director of Business Research Chris Wheat 12:40 p.m. EST: Interview with University of Chicago Polsky Center of Entrepreneurship and Innovation Executive Director Starr Marcello 1:00 p.m. EST: Interview with Union Square Ventures Partner Brad Burnham 1:20 p.m. EST: Interview with UNC Kenan-Flagler Business School Phillip Hettleman Distinguished Scholar, Professor and Area Chair of Strategy & Entrepreneurship Chris Bingham 1:40 p.m. EST: Interview with Backstage Capital Founder and Managing Partner Arlan Hamilton
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.
In kicking off the new year, we at the Kenan Institute want to highlight five topics we anticipate will be top of mind for business leaders and policymakers during the 12 months ahead.
New business formation fuels local growth in North Carolina and offers real-time data to guide policy and forecasting, according to new research from the Kenan Institute, the North Carolina Collaboratory, and the Secretary of State.
As AI and related technologies – such as machine learning, deep learning, natural language processing and computer vision – rapidly evolve, it's necessary to examine their limitations and ethical complexities. Eric Ghysels, Edward Bernstein Distinguished Professor of Economics and Professor of Finance & Faculty Director of Rethinc. Labs previews our AI Innovations Forum co-hosted with SAS.
Each day, 91 Americans die from an opioid overdose. For Americans under the age of 50, drug overdoses are now the leading cause of death. As grim as these statistics are, they only hint at the devastating effect of the nation's opioid crisis. In addition to a record number of lives lost, opioids are destroying families, workplaces, and communities around the country, and taking a steep economic toll on existing systems.
Academics and practitioners alike recognize that user-generated content (UGC), such as blog posts, help not only predict but also boost performance (e.g., sales). However, the role of competition in the UGC domain is not well understood.
The hypercompetitive aspects of modern business environments have drawn organizational attention toward agility as a strategic capability. Information technologies are expected to be an important competency in the development of organizational agility.
There is an emerging field for economists centered on quantum money and the use of quantum computing in economic models. Quantum money is an early invention of the quantum communication literature, recently implemented in an experimental setting. Quantum money offers the privacy and anonymity of physical cash, the option to transact without the involvement of a third party, and the efficiency and convenience of a debit card payment. Quantum speed-ups, including function approximation, linear systems analysis, Monte Carlo simulation, matrix inversion, principal component analysis, linear regression, interpolation, numerical differentiation, and true random number generation, can now be used to solve and estimate economic models. Join us for our next discussion as Isaiah Hull, a Senior Economist with Sweden’s Central Bank introduces quantum money and highlights the common misconceptions about what is achievable with quantum computing in economic models.
For hospitals, a corollary to the popular adage “what gets measured gets managed” could be “measure more accurately to manage costs better.” That seems to be true even in industries like healthcare, where corporations and the government have been struggling for years to control hydra-like costs. UNC Kenan-Flagler Business School accounting professor Eva Labro and Lorien Stice-Lawrence (PhD ’17) found one way to significantly cut hospital costs is to upgrade accounting systems in their forthcoming paper in Management Science.
Brad Staats, professor of operations at UNC Kenan-Flagler Business School and faculty director of the Center for the Business of Health, outlines his latest research on people-centric operations. Staats and his colleagues looks at how a merging of organizational behavior and operations can be capitalized upon to create systems that help people thrive and be productive.
Faculty Director of the Rethinc. FinTech Lab, Eric Ghysels was featured as the keynote speaker at the 2nd Crypto Asset Lab Conference. The conference, which took place on Tuesday, October 27th, focuses on all aspects of bitcoin and crypto assets, especially those pertaining to investment, banking, finance, monetary economics, and regulation. Topics included cryptocurrency adoption and transition dynamics, digital cash and payment systems, economics and/or game theoretic analysis of cryptocurrency protocols, economic and monetary aspects of cryptocurrencies and the legal, ethical and societal aspects of (decentralized) cryptocurrencies.
With the belief that private enterprise is the cornerstone of every free and prosperous society, the nonpartisan Frank Hawkins Kenan Institute of Private Enterprise develops and promotes innovative, market-based solutions to vital economic issues facing business today. Hear from Prof. Greg Brown, the institute’s executive director, about our work to foster the entrepreneurial spirit, stimulate economic growth and improve the lives of people everywhere in the video above, and visit www.kenaninstitute.unc.edu to learn more about how you can get involved.
On October 14, 2016, the Frank Hawkins Kenan Institute of Private Enterprise at the University of North Carolina Kenan-Flagler Business School hosted a conference titled What’s Next, America. Convened fewer than four weeks prior to the presidential election, the objective of the forum was to allow influential business leaders, academics and policy makers to examine issues critical to the U.S. economy now and in the future. The conference offered actionable solutions to the most important economic issues facing the next administration.
The availability of high quality and “clean” data documenting historical individual stock performance has had a profound impact on financial economics and the financial‐services industry.
This paper examines private equity (both buyout and venture funds) performance around the globe using four data sets from leading commercial sources. For North American funds, our results echo recent research findings: buyout funds have outperformed public equities over long periods of time; in contrast, venture funds saw performance fall after spectacular results for vintages in the 1990s. For funds outside North America, buyout funds show performance similar to those in North America while venture fund performance is weaker than in North America. Venture samples outside North America are, however, relatively small and strong conclusions await further research. The similarity of performance estimates across the data sets strengthens confidence in conclusions about the results of private equity investing.