On Thursday, January 30, we’ll be livestreaming the opening session of our fourth annual Frontiers of Entrepreneurship conference, featuring the release of the first-ever Trends in Entrepreneurship Report and a series of interviews with experts speaking to the findings and themes highlighted. The full report will be available for download at frontiers.unc.edu. 9:30 a.m. EST: Opening Frontiers of Entrepreneurship conference plenary + 2020 Trends in Entrepreneurship Launch 12:00 p.m. EST: Interview with Kenan Institute Executive Director Greg Brown 12:20 p.m. EST: Interview with JPMorgan Chase Institute Director of Business Research Chris Wheat 12:40 p.m. EST: Interview with University of Chicago Polsky Center of Entrepreneurship and Innovation Executive Director Starr Marcello 1:00 p.m. EST: Interview with Union Square Ventures Partner Brad Burnham 1:20 p.m. EST: Interview with UNC Kenan-Flagler Business School Phillip Hettleman Distinguished Scholar, Professor and Area Chair of Strategy & Entrepreneurship Chris Bingham 1:40 p.m. EST: Interview with Backstage Capital Founder and Managing Partner Arlan Hamilton
Each month Launch Chapel Hill and the UNC Entrepreneurship Center host fireside chats with a different theme. These chats showcase a broad range of entrepreneurs at various stages of their venture evolution. Featured entrepreneurs will discuss their journey: the good, the bad and the ugly. The first of the spring series will be on January 27 and will feature Eric Happel, who works on Nike's Global Partners Management and Strategy team. Join us as Eric describes his decision to leave Nike for a startup, his experience building a startup and then his return to Nike with his newfound knowledge and skills.
This invitation-only conference will convene 150 thought-leaders from academics, industry and government to debate the most challenging current issues in the field of entrepreneurship and set the agenda for future research and policy.
A growing body of rigorous academic literature empirically demonstrates that high-skilled immigrants provide a range of long-lasting and material benefits to the U.S. economy through entrepreneurship and innovation. Recent research has quantified the impact of foreign-born founders on key economic indicators such as firm creation, job creation and overall business innovation. Likewise, a growing body of literature documents how skilled immigrants have more broadly facilitated technological innovation.
This invitation-only conference will convene 150 thought-leaders from academics, industry and government to debate the most challenging current issues in the field of entrepreneurship and set the agenda for future research and policy.
Business owners and leaders need real ways to think about diversity, equity, and inclusion in their workplace. No matter how early you are in your business, building a strong foundation of inclusivity should always be top priority. Join Launch Chapel Hill to discuss how to define workplace inclusion in your business. This session will be led by Dee McDougal, Senior Vice President, Diversity & Inclusion at Pacific Western Bank.
Vickie Gibbs, executive director of the Entrepreneurship Center, and Maryann Feldman, director of CREATE, were featured in a recent News & Observer piece that looks at the growth of new businesses in the Triangle and how that's impacting the broader entrepreneurial ecosystem in the region.
On Thursday, January 30, we’ll be livestreaming the opening session of our fourth annual Frontiers of Entrepreneurship conference, featuring the release of the first-ever Trends in Entrepreneurship Report and a series of interviews with experts speaking to the findings and themes highlighted. The full report will be available for download at frontiers.unc.edu. 9:30 a.m. EST: Opening Frontiers of Entrepreneurship conference plenary + 2020 Trends in Entrepreneurship Launch 12:00 p.m. EST: Interview with Kenan Institute Executive Director Greg Brown 12:20 p.m. EST: Interview with JPMorgan Chase Institute Director of Business Research Chris Wheat 12:40 p.m. EST: Interview with University of Chicago Polsky Center of Entrepreneurship and Innovation Executive Director Starr Marcello 1:00 p.m. EST: Interview with Union Square Ventures Partner Brad Burnham 1:20 p.m. EST: Interview with UNC Kenan-Flagler Business School Phillip Hettleman Distinguished Scholar, Professor and Area Chair of Strategy & Entrepreneurship Chris Bingham 1:40 p.m. EST: Interview with Backstage Capital Founder and Managing Partner Arlan Hamilton
Community banks are the central financial institution in many places. They have the capacity to alleviate credit constraints of small firms. This may increase economic resilience, delaying or mitigating the effects of the Great Recession. We estimate how the county-level banking access and community bank market share affect both the timing and duration of the Great Recession. Using the Cox Proportional Hazards Model, we find that communities with a higher community bank market share are either less likely to experience recession conditions, or experience these conditions later. Using the Heckman Selection model, we confirm these results, and show that communities with a higher community bank market share are less likely to experience recession conditions. This research provides the first link between local financial institutions, and economic resilience.
Scholars have traditionally treated motivation as a value-neutral state divorced from normative considerations. Yet, research across the social sciences suggests a growing moral imperative to love work, which carries with it the social expectation of intrinsic motivation.
Prior research documents conflicting evidence that R&D investment both increases and decreases firm risk. We propose a parsimonious framework that explains this conflicting evidence.
Applied financial econometrics subjects are featured in this second volume, with papers that survey important research even as they make unique empirical contributions to the literature. These subjects are familiar: portfolio choice, trading volume, the risk-return tradeoff, option pricing, bond yields, and the management, supervision, and measurement of extreme and infrequent risks.
Why do managers act unfairly even when they recognize the significant organizational benefits of treating employees fairly? Prior research has explained this puzzling phenomenon predominantly through an “actor-centric” perspective, proposing that managers’ just behavior is an outcome of their own individual differences.
There has been renewed advocacy for restrictions on international financial flows in the wake of the recent financial crisis. Motivated by this trend, we explore the extent to which cross-border flows affect real economic activity. Unlike previous research efforts that focus on aggregated capital flows, we exploit novel data on forced trading by global mutual funds as a plausible source of exogenous flow shocks. Such forced trading is known to generate large liquidity and price effects, but its real impacts have not been studied extensively. We find that both country- and firm-level investment growth rates are significantly affected by these exogenous capital shocks, and that their effect is more pronounced for firms whose marginal investment decisions are more equity-reliant.
Reliably detecting insider trading is a major impediment to both research and regulatory practice. Using account-level transaction data, we propose a novel approach. Specifically, after extracting several key empirical features of typical insider trading cases from existing regulatory actions, we then employ a machine learning methodology to identify suspicious insiders across our full sample.
Healthcare services provided to patients with similar health conditions are known to vary. Standardization of healthcare delivery is a relatively new, yet hotly debated approach to address clinical variations. Previous research on process standardization in health services has focused on measuring adherence to established protocols that are available only for a limited set of disease states. We create an alternate construct that quantifies process standardization measured in terms of consistency of services rendered, and apply it to the healthcare setting using detailed nonpublic inpatient discharge data from about 35 million inpatient stays at 296 acute care hospitals in California between 2008-2016.
Recent research has documented that industry concentration has increased significantly over the past 25 years, with potentially negative consequences for competition, productivity, and social welfare. Some have suggested that greater corporate tax planning by industry leaders, which can provide them with a cost advantage over their competitors, has contributed to this trend. As a result, policymakers are targeting such tax planning to reduce industry concentration.
After being generated, a new idea is rarely perfect but must be clarified, improved, and developed in more detail. Unfortunately, idea elaboration and creativity do not always come together: many new ideas become less creative when elaborated. This research examines who elaborates new ideas more creatively.
New business formation plays a crucial role in predicting economic activity in North Carolina. Research shows that business starts positively impact county GDP growth and job creation, with larger effects in highly populated counties. The impact is smaller but still significant in less populated counties. Employment growth also varies by sector—new businesses in goods-producing industries create jobs after a delay, while service-sector businesses contribute to job growth more quickly. This research was done in collaboration with the North Carolina Secretary of State’s Office and the North Carolina Collaboratory.
Modeling consumer heterogeneity helps practitioners understand market structures and devise effective marketing strategies. In this research we study finite mixture specifications for modeling consumer heterogeneity where each regression coefficient has its own finite mixture, that is, an attribute finite mixture model.