As firms mature, their founders are often replaced with seasoned executives. When founders are retained, the surrounding top management team (TMT) members are viewed as critical resources in helping compensate for the founder's managerial deficiencies. Surprisingly, however, little is known about how TMT members affect a founder‐led firm's performance later in a firm's life.
Kenan Scholar alum, Matt Bravante graduated with the first cohort of undergraduate Kenan Scholars last May. After completing his honors thesis in the field of energy pricing, Matt moved to New York City for a brief stint to work for Bloomberg New Energy Finance.
Despite the rising power of developing economies, few corporations from emerging markets have succeeded in establishing brands in the West. The problem isn't just that they're late to enter the global market; the perception is that they offer poor-quality products, not next-generation ones. Conventional wisdom holds that they'll have to spend huge sums to overcome these obstacles. But some emerging giants, such as the Indian bank ICICI and the maker of the Mexican beer Tecate, are figuring out ways to build global brands on a shoestring.
For more than 50 years, historically black colleges and universities (HBCUs) have been serving the African American community, providing a firm grounding not only in education, but also in black history and culture. Jim Johnson, Director of Education, Aging and Economic Development Initiatives for the Kenan Institute, spoke with Frank Stasio of The State of Things on the relevance and challenges of HBCUs today.
For African Americans and individuals from other historically underrepresented groups, work cultures can be difficult to navigate. In a new white paper, The Seven "What Matters" In a System Not Designed for Us, Urban Investment Strategies Center Director Jim Johnson draws upon his 40 years of experience in academia to offer strategies for individuals in these groups to thrive within work cultures that do not fully embrace and may even be antagonistic to diversity and inclusion.
Mark Little, executive director of the Kenan Institute of Private Enterprise and director of the institute-affiliated center NCGrowth, was recently featured on an episode of WUNC radio's The State of Things. Mark and Karla Slocum, director of the Institute of African American research, talked with host Frank Stasio about the impetus for the Black Communities Conference, and how black communities are collaborating to preserve and create vibrant futures for themselves.
Cities increasingly will have to demonstrate a strong commitment to reputational equity to remain attractive places to live, work, play, and do business given the racially and ethnically disparate impacts of Covid-19 pandemic and recent senseless killings of unarmed African Americans that spawned a nationwide protest movement. We leverage evidence-based best practices of inclusive and equitable development from the research literature to devise a reputational equity checklist—a portfolio of strategies, policies, tactics, procedures and practices cities will need to embrace to dismantle all forms of “Isms” and “Phobias” that are principally responsible for the major divisions that exist in American society today.
CREATE Executive Director Mark Little and Institute of African American Research Director Karla Slocum have been honored with a UNC Office of the Provost Engaged Scholarship Award for their partnership as co-chairs of Black Communities: A Conference for Collaboration.
Although store brands (SBs) are becoming increasingly important across the world, their success varies dramatically across consumer packaged goods categories and countries. The purpose of this paper is to provide insight into how such differences in SB success originate.
Public opinion polls reveal Americans are turning to companies with purpose and ethics to lead us through the profound anxiety and crises we are currently experiencing as a nation. We developed a corporate reputational equity checklist that will enable firms to brand or rebrand themselves as inclusive and equitable places to work, as well as position their companies as a collective of civically engaged corporate citizens poised and willing to address society’s most pressing ills, including systemic racism.
The Hawthorne Effect is a prevalent observer effect that causes behavioral changes among participants of epidemiological studies or infection control interventions. The purpose of the review is to describe the origins of the Hawthorne Effect, to understand the term in relation to current scientific literature, to describe characteristics of the Hawthorne effect, and to discuss methods to quantify and overcome limitations associated with the Hawthorne Effect.
In a recent Triangle Business Journal article, Urban Investment Strategies Center Director Jim Johnson and UNC Kenan-Flagler Business School Professor Jeanne Milliken Bonds discuss why Americans are increasingly turning to companies with purpose and ethics, and provide a corporate reputational equity checklist to help organizations move toward greater diversity, equity and inclusion (DEI) practices.
Black Communities Conference 2021 will be a vibrant, virtual gathering featuring roundtable discussions, collaborative sessions, films, book talks and more. Our core mission is to foster collaboration among Black communities and universities for the purpose of enhancing Black community life and furthering the understanding of Black communities.
In this study, we ask if it is desirable to give greater freedom to firms in their choices of class shares. Making use of the 2011 Commercial Act amendment that significantly relaxed the regulation on class shares in Korea, we study the motivation and the effect of adopting two newly emerged class shares.
Learning may be the single greatest challenge when entering offshore markets. Few, if any, employees have in-depth knowledge of markets other than the one where they live. Faced with the need to learn quickly about a foreign market, many companies employ a variety of approaches, in a variety of sequences. How does the sequence in which a company applies learning approaches affect performance? To assess this question, we observed nine companies in the high technology industry. To minimize geographic and cultural bias, we selected companies with headquarters in three culturally distinct markets: Finland, the U.S. and Singapore.
Although weather has been shown to affect financial markets and financial decision making, a still open question is the channel through which such influence is exerted. By employing a multiple price list method, this paper provides direct experimental evidence that sunshine and good weather promote risk-taking behavior.
In times when elevated government debt raises concerns about dimmer global growth prospects, we ask: How can the government provide incentives for innovation in a fiscally sustainable way? We address this question by examining the Ramsey problem of finding optimal tax and subsidy schemes in a model in which growth is endogenously sustained by risky innovation.
Does macroeconomic uncertainty increase or decrease aggregate growth and asset prices? To address this question, we decompose aggregate uncertainty into ‘good’ and ‘bad’ volatility components, associated with positive and negative innovations to macroeconomic growth.
Private labels or store brands have witnessed considerable growth in the last few decades, especially in grocery products. However, market shares of store brand vary considerably across categories, markets, and countries. A natural question of interest to academics and practitioners is what factors influence store brand market shares.