Daniel (1972) and Gail Rubinfeld Professor and Margaret MacVicar Faculty Fellow, MIT, and 2024 Kenan Institute Distinguished Fellow
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.
In various forms, research on stress and well-being has been a part of the Journal of Applied Psychology (JAP) since its inception. In this review, we examine the history of stress research in JAP by tracking word frequencies from 606 abstracts of published articles in the journal.
We provide empirical evidence for the existence, magnitude, and economic cost of stigma associated with banks borrowing from the Federal Reserve's Discount Window (DW) during the 2007-2008 financial crisis.
Amendment of IAS 39 by the IASB in 2008 provided an option to reclassify investments from fair value to historical cost. We predict that too-important-to-fail (TITF) banks took less advantage of this option because the political protection they enjoyed insulated them from regulatory pressure. Banks that did not enjoy this protection had greater reason to make use of this option since doing so would protect their Tier 1 capital.
The collapse of the securitization market during the 2007-2008 Financial Crisis resulted from investors’ concern with the value of securitized assets and securities issued by special purpose entities (SPEs). Research has shown that prior to the Crisis, investors valued equity of sponsor-originator banks (S-Os) as if there were an implicit guarantee extended to SPE creditors that would be fully honored. We predict that the Crisis caused investors to value S-O equity as if such guarantees would not be honored.
Olga Hawn, faculty director of the Kenan Institute-affiliated Center for Sustainable Enterprise and assistant professor of entrepreneurship and strategy at UNC Kenan-Flagler Business School, was recently named to Poets and Quants' 2019 Best 40 Under 40 Professors. “Olga Hawn became the new Faculty Director of the Center for Sustainable Enterprise this academic year,” one nominator said. “Even with this new administrative duty, she has continued to pursue excellence in her research, presenting papers at top conferences, publishing in top journals and teaching her award-winning classes."
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.
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.
The coronavirus disease 2019 pandemic has brought into focus the limits on flexibility and innovation associated with market consolidation in care delivery. While anecdotes about the ossification in care delivery predominate, broader economic indicators point to the negative outcomes of consolidation.
On March 27, four of North Carolina’s immigrant business leaders will be featured as part of the 2018 Chandler Conversation in Southern Business History, entitled Making America: Immigration & Entrepreneurship in North Carolina. The event, sponsored by the Center for the Study of the American South, will be held at the FedEx Global Education Center at 301 Pittsboro Street in Chapel Hill, from 7:00 to 8:30 p.m.
On May 14, 2018, roughly 75 people gathered at the Rizzo Center in Chapel Hill for the 2018 North Carolina Tax Reform Summit. The event was hosted by the UNC Tax Center, an affiliated center of the Kenan Institute of Private Enterprise.
Eminent economist Arvind Panigariya has appointed UNC Kenan-Flagler Business School Adjunct Professor of Finance Anusha Chari and 2018 Weatherspoon Lecturer Jagdish Bhagwati to a new initiative which brings together policy experts and academicians from distinguished universities to contribute to substantive economic policy analyses on issues confronting the Indian economy. These analyses can further help develop a reform agenda for the government to be elected in the 2019 national polls. The news of the appointments was featured in the Economic Times.
On January 31 and February 1, 2019, the Frank H. Kenan Institute of Private Enterprise (Kenan Institute) hosted its Frontiers of Entrepreneurship Conference at The Breakers Palm Beach Resort. The conference brought together more than 150 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.
Last Friday, the Kenan Scholars program kicked off the first event of its 2021 Research Workshop series. Titled Generating Business Research Questions and Topics and led by Nancy Lovas of the Entrepreneurship and Business Library, the workshop gave students a thorough introduction to the world of business 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.
The Nov. 5 session gave attendees insights into recent developments in AI and machine learning from world-renowned leaders in the field.