This study examines whether the disclosure of critical audit matters (CAMs) in the expanded audit report in China is associated with an increase in audited financial statement quality. Specifically, we predict and find that timeliness of goodwill impairment by Chinese listed firms increased after the disclosure of CAMs related to goodwill.
Don’t believe the myth that a startup with a single founder is bound for trouble. According to a piece in the Harvard Business Review by UNC Kenan-Flagler Business School Professors Chris Bingham and Brad Hendricks, and UC-Irvine Paul Merage School of Business Professor Travis Howell, solo founders succeed with critical assistance from people and organizations who aren’t official co-founders and don’t require substantial equity.
European economies are now dominated by services, and virtually all companies view service as critical to retaining their customers today and in the future. This European edition provides students with a complete introduction to the unique marketing challenges that services present. Guiding students to recognize and understand these special characteristics, the text also explores frameworks for developing and implementing service strategies for competitive advantage across a wide array of industries.
This trial will provide evidence on the impact of a behavioral intervention to implement huddles as a key component of team-based care models. Knowledge gained from this trial will be critical to broader deployment and successful implementation of team-based care models.
Measuring the impact of political risk on investment projects is one of the most vexing issues in international business. One popular approach is to assume that the sovereign yield spread captures political risk and to augment the project discount rate by this spread. We show that this approach is flawed. While the sovereign spread is influenced by political risk, it also reflects other risks that are likely included in the valuation analysis — leading to the double counting of risks. We propose to use “political risk spreads” to undo the double counting in the evaluation of international investment projects.
Purpose ‐ The purpose of this paper is to propose a conceptual framework ‐ the 4V model ‐ for better understanding how global brands create firm value. Organized around the global brand value chain, the 4V model includes four sets of value-creating activities: first, valued brands; second, value sources; third, value delivery; and fourth, valued outcomes. Design/methodology/approach ‐ The approach is conceptual with illustrative examples.
In this paper we examine the prevalence of data, specification, and parameter uncertainty in the formation of simple rules that mimic monetary policymaking decisions. Our approach is to build real-time data sets and simulate a real-time policy-setting environment in which we assume that policy is captured by movements in the actual federal funds rate, and then to assess what sorts of policy rule models and what sorts of data best explain what the Federal Reserve actually did.
Many business-to-business (B2B) selling situations involve outside sales (OS) representatives (reps) interfacing with customers and inside sales (IS) rep largely supporting OS reps. Put differently, OS reps are linchpins, while IS reps generally have auxiliary roles. Perhaps for this reason, the economic value of IS reps for the B2B IS-OS selling process has received little systematic investigation. The authors propose an approach that quantifies the incremental value of IS using observational data that are commonly available in organizational customer relationship management systems.
Using a convolutional neural networks approach to process the images, this study reviews Airbnb listings in two cities and derives a descriptive model of image technical features, content, and other property attributes (e.g., price, textual information, characteristics) to predict demand at the property level.
Lowe’s CEO Marvin Ellision shared the company's approach to diversity, equity and inclusion following this past summer’s social unrest. In this conversation-style format, Mr. Ellison gave a brief overview of Lowe’s anti-racism statement and reviewed specific actions the company has taken to combat racism and inequality. He shared insights on his hands-on leadership approach and how it impacts his relationships with employees and his success at Lowe’s.
Reliably detecting insider trading is a major impediment to both research and regulatory practice. Using account-level transaction data, we propose a novel approach. Specifically, after extracting several key empirical features of typical insider trading cases from existing regulatory actions, we then employ a machine learning methodology to identify suspicious insiders across our full sample.
About 27% of diabetics also suffer from depression, and the presence of co-morbid depression could increase the cost of care for diabetes by up to 100%. Several randomized clinical trials have demonstrated that physical and mental health are more likely to improve for diabetes patients suffering from depression when regular treatment for depression is provided in a primary care setting (called Collaborative Care). An important operational lever in managing Collaborative Care is the allocation of the care manager's time to enrolled patients based on their requirements, which in turn influences the revenue, costs, and patient health outcomes. We present a mathematical modeling approach that determines the optimal allocation of care manager's time and quantifies the costs and benefits of Collaborative Care.
A recent trend in corporate culture has been an increase in diversity, equity and inclusion (DEI) programs meant to increase awareness of these critical issues and support underrepresented groups and minorities in the workplace. But what exactly is DEI, and how should we approach conversations about race and discrimination? On Friday Oct. 30, our Kenan Scholars engaged in a DEI training, led by Antoinetta Mosley of I Follow the Leader LLC, to answer just that.
Networks of serial entrepreneurs, investors, and their affiliated companies play a critical role in driving entrepreneurial behavior, investor focus, and innovation hot spots within specific industry sectors and are critical for shaping the character of robust regional economies.
Employee spinouts, defined as startups founded by prior employees of an industry firm, play a critical role in firm creation and knowledge transfer. Their superior performance often arises from resources and knowledge accrued during employment in parent firms. An understudied question is whether prior employment in parent firms impacts an employee
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.
On the afternoon of Thursday, April 25, an at-capacity crowd gathered at the Kenan Center in Chapel Hill for a fireside chat with Chuck Robbins, chairman and CEO of networking giant Cisco. The event was a fitting wrap-up to the 2018-19 Dean Speaker’s Series hosted by the Kenan Institute of Private Enterprise.
Join Black Communities Conference co-chairs Mark Little and Karla Slocum as they discuss the impact of COVID-19 on Historic Black Communities. This week explores issues at the intersection of COVID-19 and university engagement.
Many people dream of starting their own business. But before they can make their dream a reality, one of the first and most important decisions they must make is whether to go it alone or partner with someone they may, or may not, already know. Which approach is better?
One of the long-standing damages of institutional racism in the United States has been a bleak economic outlook for African Americans. In this Kenan Insight, we ask whether today’s activism might prove to be a defining moment in turning the tide for Black economic futures, and if so, who will play the key roles in creating lasting change.