There is an emerging field for economists centered on quantum money and the use of quantum computing in economic models. Quantum money is an early invention of the quantum communication literature, recently implemented in an experimental setting. Quantum money offers the privacy and anonymity of physical cash, the option to transact without the involvement of a third party, and the efficiency and convenience of a debit card payment. Quantum speed-ups, including function approximation, linear systems analysis, Monte Carlo simulation, matrix inversion, principal component analysis, linear regression, interpolation, numerical differentiation, and true random number generation, can now be used to solve and estimate economic models. Join us for our next discussion as Isaiah Hull, a Senior Economist with Sweden’s Central Bank introduces quantum money and highlights the common misconceptions about what is achievable with quantum computing in economic models.
Each year, the Kenan Institute of Private Enterprise distinguishes a small group of incoming undergraduate and MBA students as Kenan Scholars. Students are selected for their superior scholarship and genuine interest in putting the private sector to work for the public good. Scholars supplement classroom learning with internships, field trips, research experiences, networking and mentoring. They engage with prominent leaders in business, academia, policy and government to gain real-world experiences that advance their problem-solving and leadership abilities. The Kenan Scholars Program enhances the Carolina experience and prepares students to succeed in a diverse world and interconnected global economy. Learn more: kenaninstitute.unc.edu/scholars
Each year, the Kenan Institute of Private Enterprise distinguishes a small group of incoming undergraduate and MBA students as Kenan Scholars. Students are selected for their superior scholarship and genuine interest in putting the private sector to work for the public good. Scholars supplement classroom learning with internships, field trips, research experiences, networking and mentoring. They engage with prominent leaders in business, academia, policy and government to gain real-world experiences that advance their problem-solving and leadership abilities. The Kenan Scholars Program enhances the Carolina experience and prepares students to succeed in a diverse world and interconnected global economy.
Each year, the Kenan Institute of Private Enterprise distinguishes a small group of incoming undergraduate and MBA students as Kenan Scholars. Students are selected for their superior scholarship and genuine interest in putting the private sector to work for the public good. Scholars supplement classroom learning with internships, field trips, research experiences, networking and mentoring. They engage with prominent leaders in business, academia, policy and government to gain real-world experiences that advance their problem-solving and leadership abilities. The Kenan Scholars Program enhances the Carolina experience and prepares students to succeed in a diverse world and interconnected global economy.
Last week, our affiliated Center for Sustainable Enterprise hosted the 11th Annual Alliance for Research on Corporate Sustainability Conference at UNC Kenan-Flagler Business School. ARCS is a consortium of universities and individuals that serves as a professional society of scholars studying the interface between business and sustainability. The annual conference brings together researchers from a variety of disciplinary and methodological perspectives who seek to advance the state of the field.
Each year, the Kenan Institute of Private Enterprise distinguishes a small group of incoming undergraduate and MBA students as Kenan Scholars. Students are selected for their superior scholarship and genuine interest in putting the private sector to work for the public good. Scholars supplement classroom learning with internships, field trips, research experiences, networking and mentoring. They engage with prominent leaders in business, academia, policy and government to gain real-world experiences that advance their problem-solving and leadership abilities. The Kenan Scholars Program enhances the Carolina experience and prepares students to succeed in a diverse world and interconnected global economy. Learn more: kenaninstitute.unc.edu/scholars
Five of the top 10 skills identified for business success are entrepreneurial skills, making entrepreneurship education relevant not just for would-be startup owners, but for general business students as well. In this video, Vickie Gibbs, executive director of the UNC Entrepreneurship Center, reveals what UNC Kenan-Flagler Business School is doing to teach these critical skills and address current and future trends in the evolving field of entrepreneurship.
Advancing the next generation of research in entrepreneurship 100 thought-leaders from academics, industry and government debate the most challenging current issues in the field of entrepreneurship and set the agenda for future research and policy.
Each year, the Kenan Institute of Private Enterprise distinguishes a small group of incoming undergraduate and MBA students as Kenan Scholars. Students are selected for their superior scholarship and genuine interest in putting the private sector to work for the public good. Scholars supplement classroom learning with internships, field trips, research experiences, networking and mentoring. They engage with prominent leaders in business, academia, policy and government to gain real-world experiences that advance their problem-solving and leadership abilities. The Kenan Scholars Program enhances the Carolina experience and prepares students to succeed in a diverse world and interconnected global economy.
We explore the determinants of equity price risk of nonfinancial corporations. Operating and asset characteristics are by far the most important determinants of risk. For the median firm, financial risk accounts for only 15% of observed stock price volatility. Furthermore, financial risk has declined over the last 3 decades, indicating that any upward trend in equity volatility was driven entirely by economic risk factors. This explains why financial distress (as opposed to economic distress) was surprisingly uncommon in the nonfinancial sector during the 2007–2009 crisis even as measures of equity volatility reached unprecedented highs.
The North Carolina Community College System is faced with a major dilemma: how to reduce the time to degree and increase the community colleges’ success or graduation rates, which system-wide now stands at 30% in four years. This research was designed to gain qualitative insights from a sample of recent graduates, that is, students who managed to graduate in four or fewer years, on critical success factors. From the standpoint of strategy development, we assert that building on success may be more productive than focusing on deficits in improving community college completion rates.
We introduce a novel approach to estimating latent oil risk factors and establish their significance in pricing nonoil securities. Our model, which features four factors with simple economic interpretations, is estimated using both derivative prices and oil-related equity returns.
Brand and innovation management have become increasingly important priorities for firms over the last few decades. Firms rely on strong brands and product innovations to gain competitive advantage and fuel growth.
We look into how local consumers receive foreign cultures embedded in imported movies against customized local cultures in domestic movies in the Korean movie market. We theorize that imported movies (mostly, American movies), which often have bigger budgets and superior moviemaking techniques, suffer from cultural discount in appealing to local (Korean) viewers.
Organizations learn and adapt their aspiration levels based on reference points (prior aspiration, prior performance, and prior performance of reference groups). The relative attention that organizations allocate to these reference points impacts organizational search and strategic decisions.
This paper investigates the extent to which delayed expected loan loss recognition (DELR) is associated with greater vulnerability of banks to three distinct dimensions of risk: (1) stock market liquidity risk, (2) downside tail risk of individual banks, and (3) codependence of downside tail risk among banks.
We show that equity volatility serves as a determinant of future Treasury term-structure volatility over the recent October 1997 to June 2013 period. We find that equity volatility contains incrementally reliable information for the subsequent volatility of: (1) 10-year and 30-year bond futures returns, (2) the term-structure's level, and (3) the term-structure's slope.
A retailer cannot sell more than it has in stock; therefore, its sales observations are a censored representation of the underlying demand process. When a retailer forecasts demand based on past sales observations, it requires an estimation approach that accounts for this censoring. Several authors have analyzed inventory management with demand learning in environments with censored observations, but the authors assume that inventory levels are known and hence that stockouts are observed.
We examine data on capital-gains-tax-related information search to determine when and how taxpayers acquire information. We find seasonal increases in information search around tax deadlines, suggesting that taxpayers seek information to comply with tax law.
The use of simulation methods is not very common in accounting research, even though several authors have pointed to the advantages these methods offer in addressing accounting research questions. In this position paper, I discuss the difficulties encountered when applying simulation methods in accounting research.