This paper examines the cross-university variation in spin-off activity by faculty members from 124 US academic institutions, using a unique database including data on founders of both formal and informal spin-offs. Accordingly, the rate of spawning founders is positively affected by the quality of the institution and its departments, the R&D expenditure of the institution, and the strength of the local cluster.
Senior Fellow, Salata Institute for Climate and Sustainability, Harvard University
Associate Professor, Economics Department, University of North Carolina at Chapel Hill
The Entrepreneurship Center’s final Luminary Talk highlights Jessica McDonald, a three-time NWSL Champion and 2019 FIFA Women's World Cup Champion that currently plays forward for the North Carolina Courage and the U.S. Women's National Team.
This invitation-only symposium will be similar in structure and style to the longstanding PERC Symposium held in the fall in Chapel Hill. This event will supplement and bring new topics to light in the ever-expanding field of private equity research.
We examine the effect of MiFID II, which mandated the unbundling and separate pricing of analyst research in Europe beginning in 2018. We find that the requirements of MiFID II were associated with a reduction in analyst following for European firms relative to US firms, with decreases in coverage greatest for firms that were larger, older and less volatile, and had greater coverage and more accurate consensus forecasts. Remaining analysts follow fewer firms and issue fewer forecasts, consistent with increased focus, and appear to increase their efforts on the firms they continue to cover.
Innovation is essential for every organization. Yet the relationship between boards and innovation remains unclear. We argue that boards not only monitor, but also provide resources, and innovations require both proper levels of resources (skills) from the board, and appropriate forms of control.
The current research explores the relationship between living abroad and self-concept clarity. We conducted six studies (N = 1,874) using different populations (online panels and MBA students), mixed methods (correlational and experimental), and complementary measures of self-concept clarity (self-report and self-other congruence through 360-degree ratings).
What’s best for a local economy—recruiting big, established companies, or nurturing home-grown startups? It’s a question economic developers and researchers have grappled with for decades. In a new white paper and Economic Development Quarterly article, Kenan Institute Senior Faculty Fellow Maryann Feldman and University of North Carolina at Chapel Hill professor Nichola Lowe offer a new tack: Try both.
Kenan Institute Distinguished Fellow John Haltiwanger of the University of Maryland sees the growth in startups and remote work as especially benefiting the South and the areas around urban downtowns.
This research takes a new perspective on the longstanding mystery of personality in negotiation, which has been met with decades of null and inconsistent findings. Grounded in interactionist theories of personality, the investigation had two complementary phases.
This article examines the development of university technology transfer operations at the Research Triangle region’s three universities.
Fireside Chats are a continuing series of talks hosted by Launch Chapel Hill and the UNC Entrepreneurship Center. This series features real talks with real entrepreneurs: the good, the bad and the ugly of their entrepreneurial journey thus far, not just the shiny success stories. Our third chat features Alex Brandwein, the Founder and Owner of Brandwein's Bagels.
Abstract The October special topic for the Trends in Entrepreneurship report is diversity. Specially, we focus on two key themes, both of which have direct implications for firm performance and...
For more than a year, researchers across the University of North Carolina at Chapel Hill’s (UNC) Kenan-Flagler Business School (KFBS) and School of Medicine (SOM) worked with Sharecare, Inc. (Sharecare) to establish a framework for measuring the true value of corporate well-being interventions and develop a measurement tool to quantify their impact over time. The goal of the research was to assess the value of implementing corporate well-being interventions to improve employee health and lower direct medical costs to employers.
MBA Kenan Scholars will share research findings from their year-long research apprenticeships with an audience of Kenan-Flagler faculty, students and staff.
This study finds that voluntary non-earnings disclosure substitutes for redacted proprietary contract information. When firms redact contract information, they provide more voluntary disclosures and have higher information uncertainty and asymmetry. Although firms provide both voluntary non-earnings and earnings disclosures when they redact contract information, only non-earnings disclosures included in Forms 8-K mitigate the higher information uncertainty and asymmetry associated with redaction. These findings suggest earnings disclosures may not be specific enough to substitute for redacted contract information and contrast with the presumption in related research that firms provide earnings disclosures to substitute for withheld proprietary information.
The selection of novel ideas is vital to the development of truly innovative products. Firms often turn to idea crowdsourcing challenges, in which both ideators and the seeker firms participate in the idea selection process. Yet prior research cautions that ideators and seeker firms may not select novel ideas. To address the links between idea novelty and selection, this study proposes a bi-faceted notion of idea novelty and probes the role of task structure.