NCGrowth develops a web-based tool that helps connect communities with information and inspiration.
In this paper, we compare several approaches of producing multi-period-ahead forecasts within the GARCH and RV families – iterated, direct, and scaled short-horizon forecasts. We also consider the newer class of mixed data sampling (MIDAS) methods.
Although the level of power held by the marketing department can determine key organizational outcomes, including firm performance, this power often is modest and, in many firms, diminishing. To address this apparent disconnect, the authors propose that the board of directors is a critical but overlooked driver of marketing department power.
We use data from a federally sponsored survey about teenagers' marijuana consumption in the United States. We find that, teenagers under predict future marijuana use and that this inaccuracy is moderated by the extent of use. We also find that misprediction is affected by both attitudes and the situation through main and interaction effects. We outline some policy implications of our findings.
Discussions at the forum, sponsored by the Kenan Institute of Private Enterprise, ranged from the federal Opportunity Zones program to making the transition from angel to institutional investing.
The collapse of the securitization market during the 2007-2008 Financial Crisis resulted from investors’ concern with the value of securitized assets and securities issued by special purpose entities (SPEs). Research has shown that prior to the Crisis, investors valued equity of sponsor-originator banks (S-Os) as if there were an implicit guarantee extended to SPE creditors that would be fully honored. We predict that the Crisis caused investors to value S-O equity as if such guarantees would not be honored.
From the perspective of customers, there are two types of counterfeit products: deceptive and non-deceptive counterfeits. In the case of non-deceptive counterfeits, a customer can distinguish between a genuine article and a counterfeit version; she may still buy the counterfeit item because she cannot afford the genuine product. In contrast, the customer cannot differentiate a deceptive counterfeit item from the genuine product before buying it. Both types of counterfeits negatively affect a manufacturer’s profit and brand.
When multinational corporations face foreign marketing crises, the psychic distance between the home and host country represents a distinct challenge. This paper examines the curvilinear relationship between psychic distance and firm performance during marketing crises, and the moderating role of marketing capabilities.
In the past decade, coworking spaces have emerged as a new and promising phenomenon within entrepreneurship. Due to its prevalence, popularity and potential for disruptive change, coworking is increasingly relevant to theory, practice and policy in entrepreneurship, yet its implications are largely unstudied given its rapid rise.
Many people dream of starting their own business. But before they can make their dream a reality, one of the first and most important decisions they must make is whether to go it alone or partner with someone they may, or may not, already know. Which approach is better?
On June 5-7, more than 80 of the world’s leading business school researchers, policymakers and practitioners of corporate sustainability convened at the Kenan Center for the 11th annual conference for the Alliance for Research on Corporate Responsibility (ARCS). The event attracted attendees from North and South America, Asia and Europe, from management, law, public policy, operations and economics.
When large firms are in search of new leadership, oftentimes a former leader is the answer. There have been many high-profile examples of boomerang CEOs being both resounding successes and spectacular failures. So what do the numbers say?
Researchers take a closer look at the impact of entrepreneurs, policymakers, scientists and others during the pre-commercial stage of industry formation
In honor of National Fintech Day on Tuesday, Aug. 20, Kenan Institute Senior Faculty Fellow and Rethinc. Labs Faculty Director Eric Ghysels gives an update on the state of fintech initiatives at UNC Kenan-Flagler Business School and more broadly, at UNC-Chapel Hill.
The Private Equity Research Consortium this fall plans to make fund holdings data available for academic research—a development that helps mark the 10-year partnership between data provider Burgiss and the Institute for Private Capital, an affiliate of UNC Kenan-Flagler Business School’s Frank H. Kenan Institute of Private Enterprise.
On Wednesday, Sept. 4, the Kenan Institute hosted the interdisciplinary seminar, “Does Tax Planning Affect Organizational Complexity: Evidence from Check-the-Box” at the Kenan Center in Chapel Hill.
Counterfeiting is a severe problem with significant economic impact that can negatively affect a manufacturer's profit and brand. However, blockchain-based solutions can help customers make informed purchasing decisions.
Entrepreneurial culture celebrates the successful archetypical founder as a “lone wolf”; however, academic literature has found the majority of new entrepreneurial firms, ventures and start-ups are founded not by individuals, but by teams.
Founders often face a fundamental tension. On one hand, founders usually desire to retain as much control over their firm as possible. On the other hand, they often lack the competencies required to lead their companies through later stages of growth. But do founders actually listen to these team members? Or do they just continue to listen to their own intuition?
I develop a theory of credit relationships in an economy subject to search frictions and limited enforceability. The model features a dynamic contracting problem embedded within a directed search equilibrium with aggregate and creditor-specific uncertainty.