Research indicates that groups are most effective at achieving gender equity goals when men and women advocate together.
Bringing a medical device to market requires startup founders to overcome challenges they may be ill-equipped to tackle. Alliances with former employers can help, but startups must carefully choose which markets they target.
...companies like San Jose-based Zoom. Worrisome signs for the region include announcements of hiring freezes and layoffs, and sharp jumps in the number of active real estate listings – as...
2022 was a tumultuous year: NASDAQ, a tech-heavy stock index, closed the year down more than 30%; inflation proved more stubborn than policymakers initially thought and reached 40-year highs; Russia invaded Ukraine, sending commodity prices even higher; and central banks cranked up rates in response, the Federal Reserve raising interest rates at an unprecedented pace in recent history from around zero to over 4%. As we entered 2023, the global economy stood “on a razor’s edge,” the World Bank warned in its latest projections. Add to that a divided Congress with razor-thin majorities, political wrangling over the debt ceiling, and increasingly frequent catastrophic weather events, and it leaves one wondering where we are all headed.
Detaching from work is beneficial because it helps employees recover from work demands. However, we argue that detachment may be a trade-off for employees in organizations with higher (vs. lower) levels of performance pressure. Drawing on social self-preservation theory, we hypothesize that evening detachment leads employees working in higher (vs. lower) performance pressure work contexts to experience increased shame at work the next morning.
CEO pay is the latest point of contention in the political fight over ESG, but the arguments have become oversimplified. When we think about good corporate governance, what does the evidence say about CEO pay? The results may surprise you.
With growing prominence of Diversity, Equity, and Inclusion (DEI) issues, we witness enhanced scrutiny of the public stance and statements of organizational actors. For example, two such statements by Tucker Carlson, known for his primetime show on Fox News, one on immigration (2018) and the other on the Black Lives Matter (2020) movement, pushed nongovernmental organizations, such as Media Matters, to sociopolitical activism by putting pressures on advertisers to boycott the show. This mingling of DEI, sociopolitical activism, and associated economic effects raises a critical research question: what is the economic consequence of DEI stances that arouse sociopolitical activism and what are the underlying mechanisms for the economic consequences?
We consider an electric utility company that serves retail electricity customers over a discrete-time horizon. In each period, the company observes the customers' consumption as well as high-dimensional features on customer characteristics and exogenous factors. A distinctive element of our work is that these features exhibit three types of heterogeneity—over time, customers, or both. Based on the consumption and feature observations, the company can dynamically adjust the retail electricity price at the customer level.
Theories of crowdsourced search suggest that firms should limit the search space from which solutions to the problem may be drawn by constraining the problem definition. In turn, problems that are not or cannot be constrained should be tackled through other means of innovation. We propose that unconstrained problems can be crowdsourced, but firms need to govern the crowds differently.
The Kenan Institute and UNC Kenan-Flagler Business School’s inaugural Conference on Market-Based Solutions for Reducing Wealth Inequality on June 1-2 highlighted research on market mechanisms that might also work to ameliorate inequality.
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.
UNC Professor Mohammad Jarrahi and IBM’s Phaedra Boinodiris address concerns about organizational adoption of artificial intelligence and how to include employees in important discussions, such as ethical considerations and potential job-related changes.
Companies face increasing pressure from different stakeholders to address various environmental, social and governance (ESG) issues. In their efforts to engage with these issues, they might pursue symbolic or substantive actions, either pre-emptively (proactive actions) or in response to specific targeted threats (reactive actions). Yet we know relatively little about how different stakeholders react to this repertoire of corporate actions and importantly, whether they are aligned in their reaction. We ask this question in the context of gender inequality, an issue that has become salient due to heightened societal attention thanks to the #MeToo movement.
It is common wisdom that practice makes perfect. And, in fact, we find evidence that when given a choice between practicing a task and reflecting on their previously accumulated practice, most people opt for the former. We argue in this paper that this preference is misinformed. Using evidence gathered in ten experimental studies (N = 4,340) conducted across different environments, geographies, and populations, we provide a rich understanding of the conditions under which the marginal benefit of reflecting on previously accumulated experience is superior to the marginal benefit of accumulating additional experience.
Customer review manipulation is a common strategy employed by sellers of online marketplaces to combat competitors. The impact of this deceptive behavior on the competitive pricing of online marketplaces is intricate. First, buying fake reviews incurs additional costs and alters customer demand in competitive settings by misrepresenting product information. Second, the pricing is determined through internal competitions, where sellers compete with each other within an online marketplace. This is because the winner's price is the default price displayed to customers, representing the price of the online marketplace. Meanwhile, online marketplaces also effectively manage prices in order to stay competitive in external competition against multi-channel retailers, further complicating this problem. To unravel this influence mechanism, we build instrumented econometric models and develop a game-theoretic model to empirically and theoretically analyze this influence mechanism in the context of internal and external competitions, respectively.
We examine how tax-induced organizational complexity (“TIOC”), which we define as the organizational complexity that would not exist in a zero-tax world, is associated with executive performance measurement. While these structures can facilitate lower tax burdens, firms need to design their performance measurement systems to encourage executives to manage the associated complexity to avoid potential negative consequences. Using firms’ subsidiary structures in tax havens and other low tax countries to measure TIOC, we document several main findings.
Banks face corporate and regulatory governance pressures. A critical tool of regulatory governance is direct monitoring by bank supervisors. Supervisors assess banks using a multi-dimensional rating scheme, including a rating of top management teams (M-rating). We examine implications of M-ratings from the distinct, but complementary perspectives of managerial capital and managerial discipline.
Prior work on supervisor bottom-line mentality (SBLM) has suggested it represents a static, unbending focus, with supervisors so focused on the bottom line that they discount ethical considerations. We propose that SBLM varies, within-person, given various factors in a supervisor's work life that pull and push their attention to and away from the bottom line across their workweeks. We theorize that the varying nature of SBLM elicits anxiety in employees that is exhausting because, on the days supervisors give greater emphasis to the bottom line, employees must abandon the comfort of their routines to produce bottom-line results. Ultimately, this experience motivates employee unethical behavior (i.e., coworker undermining). We also predict that, by providing employees support and guidance, supervisors’ steadfast commitment to ethics (i.e., between-person ethical leadership perceptions) influences the degree to which exhausted employees undermine their coworkers.
Inflation has come down but may still have some fight left in it. One concern is what happens going forward as the relief from pandemic price pressures disappears, but deflationary tailwinds are no longer there.
Longxiu Tian, UNC Kenan-Flagler assistant professor of marketing, shares his expertise in resilient business strategies and his perspective on firms' attempts to build trust and profitability with innovative consumer data management strategies.