We present a survey design that generalizes static conjoint experiments to elicit inter-temporal adoption decisions for durable goods. We show that consumers’ utility and discount functions in a dynamic discrete choice model are jointly identified using data generated by this specific design. In contrast, based on revealed preference data, the utility and discount functions are generally not jointly identified even if consumers’ expectations are known.
This paper investigates changes in firm spending following changes in shareholder taxes. We show that firms with less elastic demand for equity capital will expand operations less than other firms following shareholder tax cuts. Since financial constraint is a factor that diminishes a firms demand elasticity for capital, we predict that financially constrained firms expand less than other companies following shareholder tax reductions.
On January 18 and 19, 2018, the Frank H. Kenan Institute of Private Enterprise (Kenan Institute) hosted its Frontiers of Entrepreneurship Research Conference at The Breakers Palm Beach Resort. The conference brought together more than 100 academic research scholars, policy experts and private sector professionals to discuss and debate the most challenging current issues in the field of entrepreneurship in order to set the agenda for future research and policy.
Socialization theory has focused on enculturating new employees such that they develop pride in their new organization and internalize its values. We draw on authenticity research to theorize that the initial stage of socialization leads to more effective employment relationships when it instead primarily encourages newcomers to express their personal identities.
Operational systems increasingly rely upon specialized experts who can provide high-quality service. However, these experts, by definition, only address one part of an overall problem and so individuals are needed to coordinate the overall service provision. In many services, this coordination responsibility may be shared across multiple parties serving in the role of a gatekeeper.
The Kenan Institute of Private Enterprise welcomed Key Square Group Founder, CEO and CIO Scott Bessent on Wednesday, March 7, to have lunch with its Kenan Scholars and field questions about hedge fund management, economics education and starting an investment career.
Conventional wisdom dictates that convenience goods should be distributed as intensively as possible. Still, exclusivity arrangements are rapidly gaining way in grocery retailing.
Many time series are sampled at different frequencies. When we study co-movements between such series we usually analyze the joint process sampled at a common low frequency.
During retailer-initiated price wars (PWs), hundreds of brands are involved simultaneously, affecting brands’ and retailers’ positioning and ultimately making the performance outcome for individual brands difficult to predict. Likewise, the impact on brand performance after the PW, when prices are restored, is unclear.
Recognizing the importance of the person who occupies the chief marketing officer (CMO) position, we posit that a CMO’s managerial capital, as signaled by his or her education, origin, and experience, indicates what a new CMO can bring to the table.
This monograph introduces Management Accounting to Operations Management researchers and illustrates how unleashing this accounting information perspective into the world of Operations Management can improve our understanding of topics of interest to Operations Management researchers and practitioners.
The Kenan Institute announces the publication of “The New Oxford Handbook of Economic Geography,” edited by Gordon L. Clark, Maryann P. Feldman, Meric S. Gertler and Dariusz Wójcik. Feldman is the S.K. Heninger Distinguished Professor of Public Policy at the UNC College of Arts & Sciences, and a professor of finance at Kenan-Flagler Business School.
...and some have no effect or even a negative effect. We address this gap using an inductive, theory-building approach that mobilizes rich fieldwork within the cohorts of eight early US...
Designing modern call centers requires an understanding of callers’ patience and abandonment behavior. Using a Cox regression analysis, we show that callers’ abandonment behavior may differ based on their contact history, and changes across their different contacts.
This article examines what happens to firms that become affiliated with ‘dealmakers’—individuals who are unusually well connected in local social networks.
...and a control group that will emphasize planning. The study is designed to provide empirical evidence as to which approach has a greater impact on the performance of nascent entrepreneurial...
Elizabeth City’s newest jobs creation partnership set sail literally and figuratively on Friday, Sept. 28, as two Coast Guard search-and-rescue boats took participants on a brief tour of the city’s harbor before dropping them off for a panel discussion and luncheon at The Center at Arts of the Albemarle.
“A storm is threat’ning….Gimme, gimme shelter.” The words of Mick Jagger were probably on the minds of many at the 2018 UNC Real Estate Research Symposium on October 11-12. As the remnants of Hurricane Michael came crashing through the Raleigh-Durham area, participants battled flight delays, cancellations and power outages to get to the Rizzo Center in Chapel Hill.
...Such a mapping would bring to bear various approaches and methodologies to effectively merge a disparate set of CRE data sources. In the process, the mapping would inform any attempt...