This paper studies how corporate tax cuts in developed countries affect economies in the developing world. We focus on one of the most prominent fiscal policies – the corporate income tax regime – and study a major U.K. tax cut as an exogenous shock to foreign investment in Africa.
A new, data-driven method of looking at regional economies in more detail will enable a richer discussion of the U.S. economy as a whole and provide forecasts for decision-makers in business and government.
China’s remarkable economic transition was going to face slowing growth at some point, but misallocation of resources and the country’s zero-COVID policy further complicate the picture.
Bringing a medical device to market requires startup founders to overcome challenges they may be ill-equipped to tackle. Alliances with former employers can help, but startups must carefully choose which markets they target.
...companies like San Jose-based Zoom. Worrisome signs for the region include announcements of hiring freezes and layoffs, and sharp jumps in the number of active real estate listings – as...
A UNC Kenan-Flagler professor doesn’t foresee long-term effects from the failure of Silicon Valley Bank, given that other banks and financing companies can step in to replace SVB as an issuer of venture debt.
A panel recap from last month's Future of Digital Assets Symposium analyzed how fintech may be able to help create a more inclusive financial system.
Stanford Institute for Economic Policy Research (SIEPR) Policy Fellow - and former Chief Economist of General Motors - Elaine Buckberg outlines how electric vehicles can save the economy as well as the environment.
The American Growth Project explains why manufacturing remains essential for economic growth and how manufacturing in the U.S. today incorporates both regional shifts and “stickiness” in traditional strongholds.
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.
Fifth Third Bank and the Kenan Institute of Private Enterprise at UNC Kenan-Flagler Business School have launched Empowering American Cities, a program that delivers local economic information tailored for business leaders looking to grow their operations.
Attributing greater value to missing earnings estimates than to beating them signals a trend toward short-term demands and rewards. But what if a firm wishes to make costly investments that could yield long-term business resilience?
We use construal level theory to investigate how the way employees construe where work occurs—defined as work context construal—influences perceptions of harm and the ethical framing of risk-mitigating behaviors. We hypothesize that high-level (abstract) work context construals (vs. low-level, concrete ones) reduce perceptions of potential harm which, in turn, leads to framing risk-mitigating behaviors as less of an ethical obligation.
Why U.S. Manufacturing Remains Vital to Regional Economic Health The U.S. is seen as a nation that imports many of its goods from abroad and whose economy runs on high-skilled...
Founder and Research Director, Institute for Private Capital; Van and Kay Weatherspoon Distinguished Professor of Finance, UNC Kenan-Flagler Business School; Faculty Director, Luther Hodges Scholars
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.
In this paper, we provide a theoretical and empirical framework that allows us to synthesize and assess the burgeoning literature on CEO overconfidence. We also provide novel empirical evidence that overconfidence matters for corporate investment decisions in a framework that explicitly addresses the endogeneity of firms' financing constraints.