As the historic 2020 U.S. presidential election draws nearer, voters are taking stock of the impact the COVID-19 pandemic has had on their lives and livelihoods, and demanding that policymakers present their plans for economic recovery. In this Kenan Insight, we look at the major forces reshaping the U.S. economy and offer suggestions for forging an intentional and equitable path forward.
The COVID-19 pandemic has exposed flaws in the global supply chain that have existed for years, with disruptions that have led to a scarcity of goods as diverse as PPE, food and toilet paper. In this Kenan Insight, we examine how threats to supply chains are forcing companies to rethink how they can position themselves to mitigate future risk.
Healthcare. While H.B. 149 has gotten significant media coverage related to the Medicaid expansion component, the bill includes several significant changes that will impact state health policy and the business of health in North Carolina. H.B. 149 is composed of five sections: Medicaid expansion, work requirements for certain beneficiaries, certificate of need reform, modernization of nursing regulations, and health insurance reforms.
The 2017 Workshop on North Carolina Manufacturing Data Science targets a critical gap in the emerging digital manufacturing ecosystem – achieving data-driven improvements in manufacturing processes to realize broader benefits across the factory and enterprise. It will bring together personnel from North Carolina industry, state government, University of North Carolina (UNC) General Administration, and UNC system universities to discuss current capabilities and future needs for widespread implementation.
Artificial intelligence enhancements are increasingly shaping our financial decision-making. But with what result?
As the pandemic forced shutdowns across the globe, U.S. government entities at the federal, state and local levels worked swiftly to secure known drivers of economic growth and job creation – including entrepreneurial ecosystems and small businesses. And while the programs implemented were widely lauded as successful, the story of who benefitted – and who did not – is more complex. This week’s Kenan Insight explores our experts’ key findings around the roles of policy and implementation in supporting equal access to opportunity.
Kenan Institute experts, industry leaders and researchers came together to discuss the broad societal impact of entrepreneurs – including entrepreneurial ecosystems, funding and America’s untapped assets – and some of the biggest trends currently seen in the industry.
AI. CRISPR. mRNA. Key components of the rapidly expanding alphabet soup of technologies driving a boom in healthcare innovation. In this Kenan Insight, we explore why the 2021 Trends in Entrepreneurship Report names emerging technology in the healthcare industry as a key trend, along with some of the challenges that come with fast-moving technological advancements.
I develop an equilibrium theory of bank lending relationships in an economy subject to search frictions and limited enforceability. The model features a dynamic contracting problem embedded within a directed search equilibrium with aggregate and bank-specific uncertainty.
We examine a brick-and-mortar retailer’s choice of which product to include in a promotional display (e.g., an “endcap” display). The display provides a visibility advantage to both the featured product and its category, but it also has consequences for customer traffic and substitution.
...the past. A customer’s order quantity is positively correlated with past fill rates. Customers differ from one another in their contribution margins, their sensitivities to the past, and in their...
We investigate whether business ties with portfolio firms influence mutual funds' proxy voting using a comprehensive data set spanning 2003 to 2011. In contrast to prior literature, we find that business ties significantly influence pro-management voting at the level of individual pairs of fund families and firms after controlling for Institutional Shareholder Services (ISS) recommendations and holdings.
I develop a theory of credit relationships in an economy subject to search frictions and limited enforceability. The model features a dynamic contracting problem embedded within a directed search equilibrium with aggregate and creditor-specific uncertainty.
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?
Greater focus on social justice has brought systemic inequities in the corporate sector to light, leading companies to step up their efforts in attracting and retaining a diverse workforce – but many challenges remain in implementing those goals. Following a joint report between the Kenan Institute and EY, this week’s Kenan Insight breaks down some challenges companies may face while trying to reach their diversity, equity and inclusion goals.
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.
The pandemic taught us that equity investors would be wise to seek to invest in firms with resilient supply chains. But is there a reliable way to identify firms whose supplier-customer relationships are less vulnerable to disruptions?
This study examines the spillover effect of environmental enforcement through private lending networks. Financial lending institutions face growing public and regulatory pressures to manage and reduce environmental risks relating to their lending activities and therefore are motivated to monitor corporate borrowers’ environmental practices.
By all accounts, there is steady good news coming the Federal Reserve’s way. And yet, the Fed seems to be in no rush to start cutting rates. Dive deeper into what the Fed will do to make sure inflation remains at that 2% goal.
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?