In the institute’s May 2 briefing, Research Economist Sarah Dickerson reviewed another surprisingly solid employment report, weighing it with falling consumer confidence and a raft of other indicators both positive and negative in an effort to get clarity on the future of the economy.
This article examines the consequences of accounting policy choices for individual banks' downside tail risk, for the codependence of such risk among banks, and for regulatory forbearance, or the decision by a regulator not to intervene.
The use of simulation methods is not very common in accounting research, even though several authors have pointed to the advantages these methods offer in addressing accounting research questions. In this position paper, I discuss the difficulties encountered when applying simulation methods in accounting research.
The Kenan Institute will host an exclusive conversation with Roger McNamee, a long-time Silicon Valley insider currently on tour for his new book "ZUCKED: Waking Up to the Facebook Catastrophe."
My particular path has contained, as most paths do, twists and turns. As I look back, they all seem somehow related to each other, but they were not all planned. Design/methodology/approach I will discuss my life and career in chronological order, then reflect on my career and research philosophy. I will also discuss several of my most cited articles and how they emerged. Findings I emphasize research that is both academically rigorous and relevant to business. I also show that passion for a subject, even one that is risky and not encouraged by others, has resulted in lifelong interest and inspiration for me.
On April 25, the Kenan Institute presented UNC students Alex Cooper and Phillippa Owens with the institute’s two highest honors. Cooper received the Rollie Tillman Jr. Outstanding Leadership Award, and Owens was recognized with the Kenan Institute Impact Award. Both awards honor students have made a significant impact on the Kenan Institute and its initiatives and exhibited leadership at UNC and in the broader community.
The U.S. Supreme Court struck down the “Chevron deference,” a legal doctrine that grants regulatory agencies authority in interpreting statutes. The decision could significantly alter the regulatory landscape.
Hybrid work scheduling is here to stay, and it points to a broader incentive that companies can offer as part of employee recruiting and retention, a panel of experts said Tuesday, April 26 as part of “Designing Work for Attracting & Retaining Talent,” a discussion and networking session hosted by the Kenan Institute-affiliated UNC Entrepreneurship Center and the Research Triangle Foundation.
Please join us for “How Leadership Is Changing for Your Generation,” an exclusive conversation with Zach Clayton of Three Ships and Bill George of Harvard Business School. Their fireside chat is offered through the Dean’s Speaker Series, hosted by the Kenan Institute in partnership with UNC Kenan-Flagler Business School Interim Dean Jennifer Conrad.
With economic growth can come growing pains, such as an increased cost of living and displacement of local businesses. An NCGrowth report examines how communities with a large manufacturer can minimize those pains.
On Wednesday, January 31, the Frank Hawkins Kenan Institute of Private Enterprise welcomed Michael S. Piwowar, Commissioner of the U.S. Securities and Exchange Commission (SEC), as part of the Dean’s Speaker Series.
We model a dynamic economy with strategic complementarity among investors and government interventions that mitigate coordination failures. We establish equilibrium existence and uniqueness, and show that one intervention can affect subsequent interventions through altering public information structures. Our results suggest that optimal policy should emphasize initial interventions because coordination outcomes tend to correlate. Neglecting informational externalities of initial interventions results in over- or under-interventions.
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.
The COVID-19 pandemic and the nationwide civil unrest spawned by the recent spate of senseless killings of unarmed African Americans have illuminated what executive development professionals have been telling private and public sector leaders and managers for quite some time. We are living in an era of increasing volatility, uncertainty, complexity and ambiguity—a VUCA World. “Certain-uncertainty” is the new normal in today’s society and economy.
“Every business I enter is looking for employees” was a common refrain in our Carolina Across 100 survey, with 79% of the total survey sample selecting employment/staffing concerns among their top three negative impacts of COVID-19 on their organization. Is the staffing shortage just a function of COVID-19 that will correct itself as COVID abates or are there larger demographic and economic forces at work? The answer is a bit of both.
2022 has not been kind to many investment portfolios; as Kenan Institute Executive Director Greg Brown argues, this is all attributable to the change in real interest and inflation rates.
The new report from the Kenan Institute's American Growth Project takes a look under the hood at productivity - and which U.S. cities have been climbing up the productivity rankings.
We explore the effect of the interplay between a firm's external and internal actions on market value in the context of corporate social responsibility (CSR). Specifically, drawing from the neo-institutional theory, we distinguish between external and internal CSR actions and argue that they jointly contribute to the accumulation of intangible firm resources and are therefore associated with better market value.
Chief Economist Gerald Cohen outlines three possible paths for the U.S. economy in coming months, as well as the indicators to keep an eye on.
Chief Economist Gerald Cohen discusses why the uncertainty caused by the debt ceiling crisis is bad for the economy - regardless of how the situation ends.