Using U.S. venture capital investment data from 1985 to 2008 and qualitative interviews, we examine how group dynamics influence the growth of interorganizational collaborations through the addition of new members.
Out of the rubble of World War II, we collectively and deliberately built an institutional order that established norms of acceptable behavior and placed constraints on powerful nations. While work remains to create broader economic opportunity and some regions have suffered terrible conflict, the economic and financial globalization that this order fostered nevertheless yielded the greatest period of peace and economic prosperity that humanity has ever known. The more than 70 years since the war’s conclusion are, however, very atypical, and we are now returning to a setting far more familiar to any student of history, where strength and power supersede norms and rules. The world is characterized by a renewed struggle between illiberal autocracy and liberal democracy.
Kenan Scholars were able to learn more about research in the business world on Nov. 6 at the “What is Business Research?” workshop. In this second of a series of workshops taking place this year, students from the Kenan-Flagler Business School — including the newly admitted Kenan Scholars class of 2023 and MBA Kenan scholars class of 2022 — heard from professors Brad Hendricks and Breagin Riley, as well as PhD student Andre Martin and Postdoctoral Research Associate Ayana Younge about their experiences in research.
“We’re in a unique and transformative time in global history,” said General Mark A. Milley, chief of staff of the U.S. Army, speaking at UNC Kenan-Flagler Business School.
Climatologists project that global temperatures may rise by up to four degrees Celsius over the next century. This projection raises a natural question: “Can we assess the impact that this temperature increase will have on the U.S. economy?
Generative AI such as ChatGPT holds the potential to alter many kinds of work, but analysis of a new report shows the occupations most likely to be affected are populated by more women than men.
Defaults exert a strong and predictable influence over behavior (Goldstein et al., 2008; Johnson, Belman, & Lohse, 2002). In European countries with opt-in organ donor pools, it is rare for greater than 20% of the population to opt in, while in opt-out countries it is not unusual to find that over 99% of the population are organ donors (Johnson and Goldstein, 2003).
Join us for an afternoon with Chairman, CEO and Co-Founder of Blackstone, Stephen A. Schwarzman. Mr. Schwarzman is an active philanthropist with a history of supporting education and schools. Whether in business or in philanthropy, he has always attempted to tackle big problems and find transformative solutions.
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 last 20 years have been a period of tremendous growth for the PE industry. From its roots in the 1970s and 80s in the buyout and venture capital spaces, private capital has expanded dramatically in both scope and scale. Funds have gotten larger, the investor pool has broadened and the largest players have transformed themselves into fully diversified alternative asset managers, with offerings across a wide range of geographies and asset classes.
The Kenan Scholars program congratulates two graduating students for their receipt of the Kenan Institute’s two highest honors. Kenan Scholar Chris Dean Karras received the John Kasarda Research Excellence Award and Sarah Muneton, Kenan Scholars program assistant, was awarded the Kenan Institute Impact Award.
The emerging theory-based view depicts entrepreneurs as sophisticated thinkers who form, update, and act on rich causal theories. In support of this view, recent empirical work has demonstrated both (a) the value of theories as well as (b) the importance of experimentation for testing and refining theories. Yet, the process by which entrepreneurs initially form these theories remains largely unobserved.
The Kenan Scholars program has exploratory funds allocated for scholars to attend conferences and other activities that contribute to their education in a meaningful way. Because of the exploratory fund, senior scholar Emily Arnold attended the 2019 Solutions for Affordable Housing Conference in Washington, D.C., on Dec. 3 and 4.
Behavioral Theory highlights the crucial role of social comparisons in attention allocation in adaptive aspirations. Yet, both the specification of social reference points and the dynamics of attention allocation have received little scholarly examination. We address performance feedback from two social reference points relative to divisions in multidivisional firms: economic reference point and political reference point.
Together with many business and economic leaders around the globe, we at the Kenan Institute of Private Enterprise support the harshest feasible sanctions against Vladimir Putin in the immediate interest of Ukraine and its people. More broadly, we view such measures as vital to the long-term survival of democratic values. But as the Russian invasion continues, seemingly unabated by unprecedented economic and financial sanctions, we must ask: what more is feasible? And for how long can such restrictions be sustained?
Kenan Institute Chief Economist Gerald Cohen discusses the power of productivity and what that means for the U.S. economy.
Kenan Institute Distinguished Fellow John Haltiwanger of the University of Maryland sees the growth in startups and remote work as especially benefiting the South and the areas around urban downtowns.
In addition to academic presentations, the Conference on Market-Based Solutions for Reducing Wealth Inequality took participants out of the classroom and into the community for a walking tour and on-site discussions in nearby Durham, N.C.
Our 2025 Grand Challenge examines the skills gap – the difference between the skills that employers seek and those that workers possess – which is being driven by technological breakthroughs, demographic changes and cultural shifts in the workplace.