This paper examines private equity (both buyout and venture funds) performance around the globe using four data sets from leading commercial sources. For North American funds, our results echo recent research findings: buyout funds have outperformed public equities over long periods of time; in contrast, venture funds saw performance fall after spectacular results for vintages in the 1990s. For funds outside North America, buyout funds show performance similar to those in North America while venture fund performance is weaker than in North America. Venture samples outside North America are, however, relatively small and strong conclusions await further research. The similarity of performance estimates across the data sets strengthens confidence in conclusions about the results of private equity investing.
Our American Growth Project examination of skills in the workforce begins with a discussion of why skills are difficult to measure, then moves to a broad look at two ways to estimate the skill level across our Extended Metropolitan Areas.
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.
The U.S. Department of Commerce’s Economic Development Administration (EDA) is awarding a $300,000 CARES Act Recovery Assistance grant to the University of North Carolina at Chapel Hill's NCGrowth University Center to boost their capacity to support regional economic development strategies in response to the coronavirus pandemic.
New research published by Chris Bingham and fellow researchers Susan L. Cohen and Benjamin L. Hallen in the Administrative Science Quarterly disputes conventional start-up wisdom and explores how widely accepted practices might actually hinder entrepreneurs’ success.
The Tax Cuts and Jobs Act of 2017 (TCJA) allowed for the creation of Opportunity Zones (OZs) — specially designated census tracts encompassing low-income neighborhoods meant to stimulate investment through large tax incentives. But critics say the program has not spurred additional investment as much as rewarded politically connected investors. In this Kenan Insight, we investigate what role, if any, bias and political party affiliation plays in the selection of OZs.
As the middle class shrinks and consumer debt, education and healthcare costs increase, a national conversation has focused on the wealth gap within America and the realities of the American Dream.
Research from UNC Kenan-Flagler Finance Professor Eric Ghysels attaches explicit costs to a model’s classification errors, in this case concerning pretrial detention decisions, avoiding the one-size-fits-all symmetrical cost function of traditional machine learning.
Fred Kayne (1960) Career Development Professor of Entrepreneurship and Assistant Professor of Technological Innovation, Entrepreneurship, and Strategic Management, MIT Sloan School of Management and 2022 Kenan Institute Distinguished Fellow
This April, the UNC Tax Center once again welcomed guests from across the country and around the world to Chapel Hill for our 20th Annual UNC Tax Symposium. The event was a great success, with participants ranging from academic researchers in accounting, finance, law and economics to policymakers and practitioners with an interest in evidence-based tax research.
Could new legislation help drive the development of local tech clusters – and the growth of corresponding economic power and development – beyond Silicon Valley? In this week’s Kenan Insight, our experts explore the gravitational pull of Big Tech along with what it could mean if startups across the U.S. were better able to remain and grow in the communities where they launch.
PERC returns to Oxford University’s Saïd Business School on May 26-27, 2022, for the Private Equity Research Consortium Spring Symposium. This group of scholars and industry professionals conducts and promotes research on private equity. This research symposium offers the opportunity for this group to engage with new academic research.
UNC Kenan-Flagler Business School Finance Professor and Sarah Graham Kenan Distinguished Scholar Camelia Kuhnen has been named director of research for the Frank Hawkins Kenan Institute of Private Enterprise.
A recent trend in corporate culture has been an increase in diversity, equity and inclusion (DEI) programs meant to increase awareness of these critical issues and support underrepresented groups and minorities in the workplace. But what exactly is DEI, and how should we approach conversations about race and discrimination? On Friday Oct. 30, our Kenan Scholars engaged in a DEI training, led by Antoinetta Mosley of I Follow the Leader LLC, to answer just that.
Please join us for an exclusive conversation with Harvey Gantt, architect, politician and former mayor of Charlotte, on Thursday, Oct. 29. This virtual experience is part of the Dean’s Speaker Series, hosted by Kenan-Flagler Business School Dean Doug Shackelford.
...and sizes, industry councils, business schools, and more.) Essay IIIA: Please provide abstracts or summaries of previous research projects or research-related work. (This can include college coursework, original work as...
Please join us for an exclusive conversation with LabCorp Executive Vice President & President of Diagnostics Brian Caveney on Friday, Nov. 13. This virtual fireside chat is part of the Dean’s Speaker Series, hosted by Kenan-Flagler Business School Dean Doug Shackelford. The discussion will be led by Brad Staats, Associate Dean of MBA Programs, Professor of Operations, Sarah Graham Kenan Scholar & Faculty Director of the Center for the Business of Health.
With an average of 20 new residents a day, Durham, North Carolina is booming. And no wonder. The boarded-up storefronts and abandoned warehouses of decades past have been transformed into trendy eateries and gleaming high-rises. A vibrant cultural scene, a burgeoning commercial district and a reputation for hipness have turned the city’s downtown area into the very picture of urban success.