The Kenan Institute of Private Enterprise welcomed Key Square Group Founder, CEO and CIO Scott Bessent on Wednesday, March 7, to have lunch with its Kenan Scholars and field questions about hedge fund management, economics education and starting an investment career.
Using unique data on employee ownership plans sponsored by U.S. public companies, we find that large negative market shocks lead to active changes in portfolio choices among inexperienced and previously inattentive investors. We use employee ownership plans to identify a set of inexperienced investors who did not actively select to participate in the market and who are confronted with a difficult financial decision.
Economic forecasting is a key ingredient of decision making both in the public and in the private sector. Because economic outcomes are the result of a vast, complex, dynamic and stochastic system, forecasting is very difficult and forecast errors are unavoidable. Because forecast precision and reliability can be enhanced by the use of proper econometric models and methods, this innovative book provides an overview of both theory and applications. Undergraduate and graduate students learning basic and advanced forecasting techniques will be able to build from strong foundations, and researchers in public and private institutions will have access to the most recent tools and insights
The makers of a synthetic fiber made from recycled plastic bottles and the co-founder of a venture capital firm that focuses on green sectors are the recipients of the 2018 UNC Sustainability Awards, presented on May 10 at The Carolina Club in Chapel Hill.
...by faculty advisors, the scholars will gain a rich understanding of what can be learned from business research and how it can make a difference in the real world. Community...
On Thursday, May 24, members of the Raleigh Chamber of Commerce Young Professionals Network learned how recent global and domestic market fluctuations and federal tax reform will affect their bottom line.
In this article, we develop a novel theoretical framework detailing what collective action problems and solutions arise in market formation and under what conditions. Our framework centers on the development of market infrastructure with three key factors that influence the nature and extent of collective action problems: perceived returns to contributions, excludability, and contribution substitutability. We apply our framework to diverse market formation contexts and derive a set of attendant propositions. Finally, we show how collective action problems and solutions evolve during market formation efforts and discuss how our framework contributes to strategic management, entrepreneurship, and organization literatures.
Investing in economic capabilities that enhance firms' ability to innovate and compete on the world stage has become an important national and local policy focus. This type of investment occurs in specific communities and jurisdictions, often providing the foundation for regional economic development.
The SunTrust Foundation will give a nearly $1 million grant to NCGrowth, an affiliated center of the Frank Hawkins Kenan Institute of Private Enterprise, to help create new jobs and stimulate transformative development in three high-potential communities in the Carolinas. These business incubators will help startup companies hire local workers in an effort to address issues such as unemployment, underemployment, low wages and significant poverty.
The Frank Hawkins Kenan Institute of Private Enterprise welcomed nearly 200 undergraduate business students, MBA candidates and members of the UNC Kenan-Flagler Business School community to the Kenan Center Dining Room for the institute’s annual open house event on Tuesday, Aug. 28.
...contribute new data to the repository should also facilitate a shared understanding of how various factors and findings relate to one another. Read more Access the data repository Commercial Real...
The Frank Hawkins Kenan Institute of Private Enterprise at the University of North Carolina at Chapel Hill’s Kenan-Flagler Business School, in partnership with Infinia ML, an advanced machine learning company that delivers transformative automation solutions and data science to enterprise businesses, will host a cross-sector symposium on Friday, Nov. 30 to advance the field of machine learning. Academic and business leaders will come together with students to connect the possibilities of cutting-edge ML research with the realities of practical implementation.
Black Communities: A Conference for Collaboration will take place Sept. 9–11, 2019 at the Carolina Theatre in Durham, N.C. The Black Communities Conference, a.k.a. #BlackCom2019, is a vibrant and uniquely important gathering featuring panel discussions, local tours, film screenings, workshops, keynotes and more.
St. Ledger’s speech focused on what she called the “high-growth mindset,” referring to taking advantage of opportunities that allow an individual to stretch beyond their perceived capabilities. St. Ledger said that adopting this mindset has been key to her personal and professional success.
The United States Association for Small Business and Entrepreneurship (USASBE) has named Ted Zoller a Justin G. Longenecker Fellow. Zoller, T.W. Lewis Clinical Professor of Strategy and Entrepreneurship at UNC Kenan-Flagler Business School and director of the Kenan Institute-affiliated Entrepreneurship Center, was inducted into the fellowship on Jan. 25 at the USASBE’s annual conference in St. Petersburg, Florida.
Entrepreneurship is encoded in the DNA of Rebecca White, director of the Entrepreneurship Center at The University of Tampa where she is James W. Walter Distinguished Chair of Entrepreneurship. She is currently a Keohane Distinguished Visiting Professor at UNC-Chapel Hill and Duke University.
Servicization is a business strategy to sell the functionality of a product rather than the product itself. It has been touted as an environmentally friendly strategy as it encourages manufacturers to take more responsibility for their products. We study when servicization results in a win-win outcome where it can simultaneously increase a firm’s profits and decrease its environmental impact compared with selling products.
Although teams benefit from developing plans and processes that boost efficiency and reduce uncertainty, they may become too attached to these plans and escalate commitment when an alternative response is needed. Drawing on theories of team leadership, team processes and escalation of commitment, we propose that a change in leadership can help the team reduce commitment to outdated plans and avoid further escalation over time.
On Feb. 8, 2019, the Kenan Scholars traveled to Raleigh to meet with government leaders and administrators for their annual North Carolina Capital Trek.
The enactment of the Tax Cuts and Jobs Act (TCJA) on Dec. 22, 2017 dropped the U.S. corporate tax rate from 35 percent to 21 percent, creating the prospect of substantially improved cash flows for many U.S. companies. While the effects of this tax cut are still working their way through the economy, it’s not too early to ask an important question: where did (or will) the money go?