The Kenan Institute recaps a panel on the business of women's health from the Center for Business of Health's November 2022 conference.
As generative AI tools embed themselves into everyday society, all of us are trying to understand their short- and long-term impact on organizations. The Technology Applications and Implications Model can help.
The U.S. Supreme Court struck down the “Chevron deference,” a legal doctrine that grants regulatory agencies authority in interpreting statutes. The decision could significantly alter the regulatory landscape.
Ally work, or actions to support those from less advantaged social groups, shows promise in advancing social welfare in workplaces. Although much of the literature has explained factors that predict ally work, in this paper, we shift the conversation to understand the positive spillover of managers’ ally work on observing employees. We focus specifically on self ally work. Drawing from the theory of political ideology-as-motivated cognition, we propose that employees perceive managers who enact self ally work as more liberal (rather than conservative).
A fundamental issue faced by operations management researcher relates to striking the right balance between rigor and relevance in their work. Another important aspect of operations management research relates to influencing and positively impacting businesses and society at large. We constantly struggle to achieve these objectives.
We empirically investigate one form of illegal investor‐level tax evasion and its effect on foreign portfolio investment. In particular, we examine a form of round‐tripping tax evasion in which U.S. individuals hide funds in entities located in offshore tax havens and then invest those funds in U.S. securities markets. Employing Becker's () economic theory of crime, we identify the tax evasion component by examining how foreign portfolio investment varies with changes in the incentives to evade and the risks of detection. To our knowledge, this is the first empirical evidence of investor‐level tax evasion affecting cross‐border equity and debt investment.
The Frank Hawkins Kenan Institute of Private Enterprise will host its Annual Open House Thursday, September 7, during which the newly re-envisioned business policy think tank and its affiliated centers will educate and engage with the UNC-Chapel Hill community and beyond.
While prior research highlights the importance of codifying alliance experience to achieve alliance success, it is unclear whether codification is equally useful in the different phases of an alliance. Based on a sample of 192 technology firms that report on over 3,400 strategic alliances, we find that in the partner selection and termination phases, reliance on codified knowledge is useful. However, in the partner management phase, reliance on codified knowledge is less beneficial and can be even negatively related to performance. Our findings have implications for the tension between flexibility and efficiency and the relationship between structure and performance.
Much is known about the importance of dynamic capabilities. Yet, surprisingly little is known about how multiple dynamic capabilities might be developed in parallel, since most existing work explores a particular dynamic capability in isolation. Using rich quantitative and qualitative data on Dow Chemical's acquisitions, joint ventures, and divestitures over the past 20 years, we seek to address this gap. Besides contributing by adding fresh insights about managing growth and the utility of distributed practice, and by shedding light on positive and negative experience transfer, our core contribution is an emergent theoretical framework that develops the concept of “concurrent learning.
On January 18-19, 2018, the Frank H. Kenan Institute of Private Enterprise and its affiliated Center for Entrepreneurial Studies will convene a highly curated group of 100 thought leaders to discuss leading-edge research on private business ventures and explore ways to sustain and advance entrepreneurship.
We analyze two pricing mechanisms for information goods. These mechanisms are selling, where up-front payment allows unrestricted use, and pay-per-use, where payments are tailored to use. We analytically model a market where consumers differ in use frequency and where use on a pay-per-use basis invokes a psychological cost associated with the well known “ticking meter” effect. We demonstrate that pay-per-use yields higher profits in a monopoly provided the associated psychological cost is low.
This paper presents an analysis of data from a company that offers forwards in a sports ticket market. Multiple models that account for fan heterogeneity are presented to capture forward purchase and resale behaviors.
Still in its infancy, the Hospital Compare overall hospital quality star rating program introduced by the Centers for Medicare & Medicaid Services (CMS) has generated intense industry debate.
As the Consumer Price Index rises, businesses sound the alarm over supply-chain bottlenecks, and federal stimulus checks spur spending, the chatter around inflation is increasing. In this Kenan Insight, we explore what this potential perfect storm for an inflation spike could have on a recovering U.S. economy.
The Fed tried to show its inflation-fighting mettle by raising the federal funds rate, the short-term interest rate it directly controls, by 0.75 of a percentage point. This is the largest increase since 1994, though the funds rate remains at a quite low 1.625%, especially relative to the 8.6% inflation reading last week. The Fed seemed to be spooked by the inflation print — which, rather than declining as many forecasters (including myself) expected, rose to its highest level since 1981. More important, in my opinion, longer-term measures of consumer inflation expectations and uncertainty increased.
It is probably not a mystery to even the most casual observer of political affairs why the historic climate, health care and tax bill signed earlier this month was dubbed the Inflation Reduction Act. Inflation is high and causing real problems for many households, and so if only Congress could legislate it away by enacting … This is not to say that the package does not deserve any enthusiasm; it is an impressive legislative feat, making significant, though imperfect, advances on health care and climate change. On the other hand, the effect it will have on inflation, its raison d’être in name, will be modest at best and occur only over time.
The new report from the Kenan Institute's American Growth Project takes a look under the hood at productivity - and which U.S. cities have been climbing up the productivity rankings.
Chief Economist Gerald Cohen discussed whether the job growth shown in the new employment report would influence the inflation-fighting work of the Fed and why excess savings may cushion the blow of a recession he predicts will come later in the year.
Wednesday, May 17, 2023 • 4:30pm – 6:30pm CHATHAM LEADS The Plant • 192 Lorax Lane, Pittsboro, NC 27312 HuthPhoto-CAH_6593 HuthPhoto-CAH_6605 HuthPhoto-CAH_6730 HuthPhoto-CAH_6755 HuthPhoto-CAH_6759 HuthPhoto-CAH_6855 HuthPhoto-CAH_6900 HuthPhoto-CAH_7137 HuthPhoto-CAH_7156 HuthPhoto-CAHF5527 Chatham Leads...
Since March 2022, the Federal Reserve has battled the highest inflation in decades with interest rate increases whose effects are only now starting to be seen. So does this mean the era of rate hikes is coming to an end?