In this paper, we build on research on the microfoundations of strategy and learning processes to study the individual underpinnings of organizational learning. We argue that once an individual has accumulated a certain amount of experience with a task, the benefit of accumulating additional experience is inferior to the benefit of deliberately articulating and codifying the experience accumulated in the past.
UNC Kenan-Flagler Business School Finance Professor and Sarah Graham Kenan Distinguished Scholar Camelia Kuhnen has been named director of research for the Frank Hawkins Kenan Institute of Private Enterprise.
This paper examines private equity (both buyout and venture funds) performance around the globe using four data sets from leading commercial sources. For North American funds, our results echo recent research findings: buyout funds have outperformed public equities over long periods of time; in contrast, venture funds saw performance fall after spectacular results for vintages in the 1990s. For funds outside North America, buyout funds show performance similar to those in North America while venture fund performance is weaker than in North America. Venture samples outside North America are, however, relatively small and strong conclusions await further research. The similarity of performance estimates across the data sets strengthens confidence in conclusions about the results of private equity investing.
Financial hardships caused by the COVID-19 pandemic are hitting low-income families in North Carolina especially hard, according to a new report released by the North Carolina Community Action Association (NCCAA). The study was commissioned by NCCAA to gauge how the pandemic was affecting its efforts to combat poverty and facilitate self-sufficiency in low-income communities.
In this study, we ask if it is desirable to give greater freedom to firms in their choices of class shares. Making use of the 2011 Commercial Act amendment that significantly relaxed the regulation on class shares in Korea, we study the motivation and the effect of adopting two newly emerged class shares.
In this paper, we study the role of point-of-sale (POS) marketing mix variables in explaining variation in brand shares (i) at different retail formats, and (ii) across national and store brands in different price tiers. Stores in different retail formats differ in their positioning, the clientele they attract, and types of shopping trips made to the store. Further, national and store brands in different price tiers differ in the quality perception, and the contracts between the retailer and the manufacturer.
UNC Kenan-Flagler Business School Finance Professor Paige Ouimet has been named director of research for the Frank Hawkins Kenan Institute of Private Enterprise. Ouimet, who has been a member of the UNC Kenan-Flagler faculty since 2008 and who also serves as associate dean for the school’s Ph.D. program, officially assumed her new role July 1.
Longxiu Tian, UNC Kenan-Flagler assistant professor of marketing, shares his expertise in resilient business strategies and his perspective on firms' attempts to build trust and profitability with innovative consumer data management strategies.
This week, Public Policy Professor Maryann Feldman and Kenan Institute board member Christy Shaffer visited the Kenan Scholars to discuss business prosperity among regions.
Regulating short selling is difficult and controversial. We review the academic literature on short selling regulation and provide insights for future policymakers and academics. We organize the complex history of short selling regulation into three areas: disclosure requirements, securities lending restrictions, and trading restrictions. We identify, analyze and discuss 45 distinct regulations promulgated during the period 1896 through 2021, primarily by reviewing the academic literature associated with each regulation, including a discussion of the data sources employed. In so doing, we provide several insights regarding the effectiveness of regulatory approaches as well as the wider impact on markets.
As the U.S. economy begins to recover from the COVID-19 pandemic and businesses grapple with ongoing labor shortages, the debate around increasing the federal minimum wage – which hasn’t budged in over a decade – has returned to the fore. In this Kenan Insight, we examine whether now is the right time to raise the standard minimum, why these benefits may come at a cost, and what approach might work best given the inevitable tradeoffs.
ChatGPT and other generative AI programs can replicate much of the work performed across the knowledge worker class. This gives us a glimpse of what ever-more-powerful AI tools might be able to do, which is both exciting and, to say the least, unsettling.
Distinguished Fellow Christine Moorman leverages data from The CMO Survey to uncover the view of marketplace threats and resilience strategies from the perspective of actual managers as part of our 2024 Grand Challenge.
Join us for an afternoon with Chairman, and Chief Executive Officer of SunTrust Banks, Bill Rogers. Rogers has led a significant transformation of the company, building upon its client-first culture and increasing focus on operating returns and efficiency. He is also a champion for the company’s philanthropy and volunteerism.
Please join us for an exclusive conversation with the President of the Ford Foundation, Darren Walker on Wednesday, March 3. This virtual experience is part of the Dean’s Speaker Series, hosted by UNC Kenan-Flagler Business School Dean Doug Shackelford.
Please join us for an exclusive virtual conversation with North Carolina Commerce Secretary Machelle Baker Sanders on Wednesday, February 9. This discussion is part of the Dean’s Speaker Series, hosted by Kenan-Flagler Business School Dean Doug Shackelford.
Building resiliency is essential for managing today's distinct risks, yet how do businesses develop the agility and adaptability that would make them more resilient? That's the focus of the 2024 Kenan Institute Grand Challenge.
Stakeholders can and should play an important role in business decisions, but how can their interests be incorporated into business practices to create win-win solutions? In this week’s Insight, our experts dive into this question and discuss whether stakeholder capitalism models can help us find the right solution.
Kenan Institute Chief Economist Gerald Cohen kicks off 2025 with a rundown of five issues that will be top of mind for business leaders and policymakers, accompanied by his analysis.
Please join us for and exclusive conversation with Cisco CEO and Chairman, and UNC-Chapel Hill alumnus Chuck Robbins. Chuck is focused on helping companies, cities and countries around the world as they look to Cisco to connect everything and everyone by building the highly secure, intelligent platform for digital business.