Adverse events, such as product recalls, transcend business-to-business (B2B) secondary markets (i.e., used product markets). Yet, little, if any, is known about the impact of such adverse events on purchase responses of B2B buyers (i.e., channel intermediaries). The current study addresses this research gap in the empirical context of product recalls in the U.S. automobile secondary market.
We study the effect of government-subsidized childcare on women's career outcomes and firm performance using linked tax filing data. Exploiting a universal childcare reform in Quebec in 1997 and the variation in its timing relative to childbirth across cohorts of parents, we show that earlier access to childcare increases employment among new mothers, particularly among those previously unemployed.
This study examines whether the disclosure of critical audit matters (CAMs) in the expanded audit report in China is associated with an increase in audited financial statement quality. Specifically, we predict and find that timeliness of goodwill impairment by Chinese listed firms increased after the disclosure of CAMs related to goodwill.
We study competition and collaboration between a bank and a shadow bank that lend in the same market plagued by adverse selection. The bank has cheaper funding, whereas the shadow bank is endowed with a better screening technology. Our innovation is to allow the bank to lend to the shadow bank, i.e., to finance its competitors.
A unique dataset of over 70,000 firms, most of which are small, in over 100 countries, is utilized to systematically study the use of different financing sources for new and young firms. Consistent age-related patterns emerge. Across all countries younger firms rely less on bank financing and more on informal financing.
Ruben Carbonell, Frank Hawkins Kenan Distinguished Professor of Chemical and Biomolecular Engineering at NC State University and a board member at the Kenan Institute of Private Enterprise, was presented with the O. Max Gardner Award on May 24. The award is the most significant honor given to faculty by the UNC System Board. Carbonell was recognized for his contributions in engineering, healthcare, education and public policy.
The idea of financial compensation for the descendants of slaves in America has been in existence since the end of the Civil War. In spite of decades of discussion, though, the issue still ignites debate and raises such questions as “How do you put a cash value on enslavement?” and “Who should be eligible to receive compensation?” In this video, economist William A. “Sandy” Darity Jr., Samuel BuBois Cook Professor of Public Policy at Duke University, discusses the history of racial inequality in the U.S. and outlines a plan for instituting reparations to the descendants of slaves.
CREATE Faculty Director and UNC Public Policy Professor Maryann Feldman recently served as a panelist examining conditions for technology-based economic development. While speaking to the President’s Council of Advisors on Science and Technology Sept. 29, Feldman cautioned against treating universities as lynchpins in the effort to drive regional innovation—noting reforms are needed to help university technology transfer offices recoup operating costs—and strongly advocated for new financing models to spur economic development in areas lacking venture capital support.
UNC Kenan-Flagler Business School Professor Camelia Kuhnen was among a group of economists who answered questions for a survey on stakeholder capitalism by the Initiative on Global Markets at the University of Chicago Booth School of Business. Considering one statement – “Effective mechanisms for boards of directors to ensure that CEOs act in ways that balance the interests of all stakeholders would be straightforward to introduce” – Kuhnen objected strongly
A recent TechCrunch article describes the new collaboration between the Kenan Institute-affiliated Entrepreneurship Center, Duke University, Stanford University and others to grow and support founder diversity in the tech industry.
The Kenan Institute of Private Enterprise at the University of North Carolina at Chapel Hill will host a virtual conference on machine learning in finance on March 5, 2021. The conference is co-sponsored by the Journal of Financial Econometrics (JFEC) and the International Center for Finance (ICF) at Yale University.
The Institute for Private Capital improves public understanding of the role of private capital in the global economy. Academic and industry experts work together to generate new knowledge about private capital markets based on objective academic research.
The Institute for Private Capital improves public understanding of the role of private capital in the global economy. Academic and industry experts work together to generate new knowledge about private capital markets based on objective academic research.
The Kenan Scholars research workshop series continued on Friday, Feb. 28, with a discussion on data literacy led by Nancy Lovas, Entrepreneurship & Business Librarian at UNC-Chapel Hill’s Davis Library.
Dana O’Donovan, managing director of the Monitor Institute by Deloitte and a member of the Kenan Scholars Board of Mentors, has been appointed to the North Carolina Council for Women as an at-large member. The council’s mission is to advise the governor, state legislature and state departments on the issues that impact women in North Carolina. The appointment is one of 13 recent assignments made by Governor Roy Cooper to various North Carolina boards and commissions.
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.
Learn about the legacy and the future of the Kenan Institute of Private Enterprise, part of UNC Kenan-Flagler Business School at the University of North Carolina at Chapel Hill, as it marks its 40th anniversary.
The symposium will highlight recent research on buyouts, private credit, and venture capital, among other topics. Hosted by the Private Equity Research Consortium (PERC).
Join us for this half-day symposium to hear from the region’s top developers, financiers, government officials and nonprofit professionals, and be part of the conversation on developing new and sustainable solutions to address the Triangle’s affordable housing shortage.
The mission of the Kenan Institute of Private Enterprise to develop and promote innovative, market-based solutions to vital economic issues—and its capacity for bringing together diverse constituencies to create those solutions were both on full display on Nov. 22 at the Investing in Affordable Housing Symposium.