Students from UNC Kenan-Flagler Business School, in partnership with UNC's Program for Public Discourse, will gather to address the opportunities and risks of an environmental, social and corporate governance (ESG)-centered approach to financial decision-making.
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.
“I realized that a lot of us come from very different backgrounds, but we all share a desire to make the world a better place.”
Theoretically, wealthier people should buy less insurance, and should self-insure through saving instead, as insurance entails monitoring costs. Here, we use administrative data for 63,000 individuals and, contrary to theory, find that those with more wealth have better life and property insurance coverage, controlling for the value of the assets insured.
In this paper we argue that task design affects rule breaking in the workplace. Specifically, we propose that task variety activates deliberative (Type 2) processes as opposed to automatic/intuitive (Type 1) processes, which, in turn, helps prevent individuals from breaking rules in order to serve their own hedonic self-interest.
London Business School Professor Alex Edmans, a 2022 Kenan Institute Distinguished Fellow, followed up his recent virtual presentation on “The Power of Purposeful Business” by answering key questions from the audience. This week’s Kenan Insight offers a curated Q&A with a few of our favorites, with Professor Edmans tackling topics such as which issues government is best equipped to regulate and which may require shareholders to step in, the limits of using data in ESG measurement, and how best to encourage purposeful thinking throughout an organization.
Retailers routinely allow consumers to negotiate a discount off the posted price for big-ticket items such as home appliances and automobiles, and on online platforms such as Amazon and eBay. The profitability of such a strategy, relative to selling only at posted prices, depends on consumers’ willingness to initiate a negotiation and ability to negotiate a discount. In this article, the authors incorporate consumers’ decision of whether to negotiate into a demand model.
Given uncertain popularity of new products by location, fast fashion retailer Zara faces a trade-off. Large initial shipments to stores reduce lost sales in the critical first days of the product life cycle, but maintaining stock at the warehouse allows restocking flexibility once initial sales are observed.
The current research explores the relationship between living abroad and self-concept clarity. We conducted six studies (N = 1,874) using different populations (online panels and MBA students), mixed methods (correlational and experimental), and complementary measures of self-concept clarity (self-report and self-other congruence through 360-degree ratings).
What do we mean when we talk about “inequality”? There are numerous ways to measure it, each method with its relative strengths and weaknesses, and we must be clear what we mean when assessing inequality for policymaking.
Providing solutions to critical economic issues facing the Trump Administration is the focus of a new report from the Frank Hawkins Kenan Institute of Private Enterprise at the University of North Carolina Kenan-Flagler Business School.
Workforce (moderate income) housing remains a critical area of need across the State of North Carolina. Without government subsidies, developers are challenged to deliver a multifamily for-rent product accessible to those who earn 80%-120% of Area Median Income. Building on their previous efforts to address this deficiency, the Wood Center for Real Estate Studies, in partnership with the Kenan Institute for Private Enterprise, will be convening a roundtable of selected participants within the multifamily development process.
Kenan Scholar Laura Gerlach (BSBA '20) reflects on her experience with the Kenan Scholars Board of Mentors.
Five of the top 10 skills identified for business success are entrepreneurial skills, making entrepreneurship education relevant not just for would-be startup owners, but for general business students as well.
As the country reopens, it’s important to assess how we can be better prepared to stave off such enormous economic losses during the next wave or the next epidemic.
In response to the economic chaos caused by the COVID-19 pandemic, the federal government launched its largest fiscal stimulus in modern history—the CARES Act. But with $2 trillion invested in small businesses, unemployment benefits and direct cash payments to households, the CARES Act has still fallen short of its goals to spur consumer spending and restore employment. This Kenan Insight analyzes what went wrong, and offers suggestions for the anticipated next round of federal economic aid.
The AI transformation has yet to happen, prompting uncertainty about potential impacts on the skills gap and the nature of work. Recognizing this will help us develop strategies for mitigating potential risks to workers, firms and the economy.
No. In the presence of speculative opportunities, investors can learn about both asset fundamentals and the beliefs of other traders. We show that this learning exhibits complementarity: learning more along one dimension increases the value of learning about the other. As a result, regulatory changes may be counterproductive.
Could new legislation help drive the development of local tech clusters – and the growth of corresponding economic power and development – beyond Silicon Valley? In this week’s Kenan Insight, our experts explore the gravitational pull of Big Tech along with what it could mean if startups across the U.S. were better able to remain and grow in the communities where they launch.
Greg Brown, director of the Frank Hawkins Kenan Institute of Private Enterprise, was honored today as part of CNBC’s Disruptor 50 event at the Nasdaq Entrepreneurial Center in San Francisco.