With the increasing prevalence of renewable energy supply contracts, utility suppliers are investing in new green sources and developing allocation policies of those to satisfy renewable targets required by customers. However, the variability of customer demand and the intermittency in supply complicates the supplier's decision process. In this paper, we address these challenges by formulating the utility supplier's problem as a two-stage stochastic program.
Perez-Truglia, a Kenan Institute Distinguished Fellow, will summarize the latest research, including his own, to provide a better understanding of the effectiveness of pay transparency laws.
Watson, a Kenan Institute Distinguished Fellow, will discuss key findings from the economics literature and their implications for where to focus immigration reform efforts.
Leigh, a Kenan Institute Distinguished Fellow, will discuss the influence that societal events which occur outside of organizations have on employees when they enter the workplace and on individuals in society more broadly.
As autoworkers continue to strike, there are concerns about how the work stoppage could affect the automotive supply chain, which is still adjusting to challenges imposed by the COVID-19 pandemic.
...He has conducted extensive work in the field of aviation infrastructure, business competitiveness and sociology and was awarded the title of Kenan Distinguished Professor of Strategy and Entrepreneurship. He was...
First-year MBA Kenan Scholar Gowtam Atthipall and fellow Kenan Scholar Jean Montano discuss their take on global citizenship.
On Jan. 3, 2019, Bristol-Myers Squibb Co. announced its proposed acquisition of Celgene Corp. for approximately $74 billion. The Federal Trade Commission issued requests for additional information and documentary materials to the companies on March 25, 2019, that were “focused on marketed and pipeline products for the treatment of psoriasis.” In order to address the FTC’s concerns, BMS plans to divest Celgene’s Otezla (apremilast) drug, which is a phosphodiesterase-4 inhibitor indicated for the treatment of moderate to severe psoriasis and psoriatic arthritis. Psoriasis is an autoimmune disease with multiple subtypes, with large skin plaques being the most common manifestation.
A highlight of this semester for the Kenan Institute’s Kenan Scholars was their recent lunch and learn with UNC Kenan-Flagler Business School Dean Doug Shackelford.
Pete Stavros of KKR & Co. founded Ownership Works, a new initiative backed by 19 private equity firms, with the objective of reducing income inequality by increasing employee share ownership. The group has prominent backers and a lofty goal of creating $20 billion in wealth in 10 years. As a researcher who has worked on employee share ownership and the benefits it can create, I was encouraged by the news. But while I broadly support employee ownership, such initiatives also can raise red flags because of the risk they impose on employees. As such, it is worthwhile to think carefully through what we know and don’t know about such programs.
We show that firms’ ability to avoid taxes is affected by the quality of their internal information environment, with lower effective tax rates (ETRs) for firms that have high internal information quality. The effect of internal information quality on tax avoidance is stronger for firms in which information is likely to play a more important role.
Monte-Carlo Integration is ubiquitous in science, engineering, finance and many other disciplines. It is well-known that quantum computing can achieve a quadratic advantage in Monte-Carlo Integration by using as a subroutine Quantum Amplitude Estimation (QAE), which is essentially a generalization of Grover Search — one of the oldest and most famous quantum algorithms. However, until recently this advantage was merely theoretical, in practice substantial overheads (associated with the need to perform arithmetic operations on the quantum computer) rendered Quantum Monte Carlo integration (QMCI) NISQ-infeasible.
This intellectual approach takes an unorthodox view of the nature of government taxation and expenditure, arguing (among other things) that a sovereign nation that can spend, tax and borrow in its own currency faces very different constraints than often modeled in traditional economics textbooks.
Greater focus on social justice has brought systemic inequities in the corporate sector to light, leading companies to step up their efforts in attracting and retaining a diverse workforce – but many challenges remain in implementing those goals. Following a joint report between the Kenan Institute and EY, this week’s Kenan Insight breaks down some challenges companies may face while trying to reach their diversity, equity and inclusion goals.
assistance in the immediate aftermath of this extreme weather event, we document the role net migration played in recent population growth—a crucial issue in climate change policy deliberations—and outline creative strategies and investments Florida officials will have to leverage to both rebuild and create resilient communities with reputational equity that remain attractive to newcomers as well as long term residents moving forward.
In honor of tax season, UNC Tax Center Associate Director Courtney Edwards shares how the 2017 Tax Cuts and Jobs Act affected her personal tax liability as an example of some of the ways in which reform may have altered your returns as well.
The most important economic challenge of our time is the large, and growing, wealth gap. Increasing income disparities and declining opportunities have diminished America's middle class. On Nov. 6-7, the Closing the Wealth Gap conference was held at UNC Kenan-Flagler Business School in Chapel Hill.