The Entrepreneurship Center’s final Luminary Talk highlights Jessica McDonald, a three-time NWSL Champion and 2019 FIFA Women's World Cup Champion that currently plays forward for the North Carolina Courage and the U.S. Women's National Team.
Join the Kenan Institute of Private Enterprise and the North Carolina CEO Leadership Forum September 22 for the launch of a new report examining the state of our national economy – and exploring its future.
In this virtual fireside chat, Kenan Institute Senior Fellow Mary Moore Hamrick, CEO of Political Quotient Advisors, will outline the impact of the Biden Administration’s legislative, regulatory and executive order actions on business thus far.
Using the approach of Ghysels, Santa-Clara, and Valkanov (2005), after correcting a coding error pointed out to us, we find that the Merton model holds over samples that exclude financial crises, in particular the Great Depression and/or the subprime mortgage financial crisis and the resulting Great Recession. We find that a simple flight to safety indicator separates the traditional risk-return relationship from financial crises which amount to fundamental changes in that relationship.
With more business leaders than ever before embracing stakeholder capitalism – or the belief that companies should work to benefit all stakeholders, not just shareholders – myriad questions have arisen about the concept’s viability and potential for impact. The Kenan Institute has been working to respond, and today we are excited to launch a new series exploring the most pressing issues surrounding stakeholder capitalism. Kicking off the series is this week’s Kenan Insight, which takes a deeper dive into the buzzed-about world of ESG investing. We hope you’ll check it out, and look forward to engaging with you on this topic and others throughout the series!
A $2 million grant from the Truist Foundation will fund the Anchor Institutions Create Economic Resilience program or AICER, housed at CREATE, an economic development center at UNC Kenan-Flagler Business School's Frank Hawkins Kenan Institute of Private Enterprise.
The Anchor Institutions Create Economic Resilience (AICER) initiative seeks to stimulate distressed economies through anchor institution-community partnerships.
...belief that private enterprise is the cornerstone of a prosperous and free society, the institute fosters the entrepreneurial spirit to stimulate economic prosperity and improve the lives of people in...
The U.S. spends significantly less on child care than other developed nations, and the consequences of that spending became evident during the pandemic – particularly within underserved communities. In this week’s insight, our experts discuss why the U.S. should prioritize and fund early childhood education and care.
As part of President Joe Biden’s efforts to refocus the Federal Reserve Board, the Senate conducted confirmation hearings for several nominees this past week. While these hearings traditionally raise spirited exchanges about the nominees’ views on monetary policy and bank supervision, a new and more controversial topic involves the extent to which the Federal Reserve should internalize climate risks into its purview. Before wading into central bank wonkishness, it is important to make clear that climate change represents a serious risk to not only the U.S. economy but to humanity itself. Nevertheless, we need to be very deliberate in the assessment of the available policy tools, with an eye to where unintended consequences may reside.
September 13 will mark six months since U.S. President Donald Trump declared a national state of emergency in response to the COVID-19 a national pandemic. And here in North Carolina, Governor Roy Cooper announced last week that the state will transition to “Phase 2.5,” with further easing of restrictions on certain places and types of activities including mass gatherings, playgrounds and gyms, but with other restrictions – such as those on bars and entertainment venues – remaining in place. It seems like a good time to take stock of where we’ve been, where we are now and what lies ahead.
The Frank Hawkins Kenan Institute of Private Enterprise is thrilled to announce its 2022 class of Distinguished Fellows. Appointed on an annual basis, the Distinguished Fellows comprise an exemplary set of global scholars committed to leveraging their individual expertise, thought leadership, research and networks to further the institute’s efforts to examine and drive solutions to issues facing business and the economy today.
Chief Economist Gerald Cohen will be a panelist for an ncIMPACT Virtual Town Hall on workforce shortages in the state that will be livestreamed at 11 a.m. Wednesday, May 4 on Facebook Live.
CHAPEL HILL, N.C. (May 31, 2022) — Learn how the Department of Labor’s monthly employment report and recent market gyrations will affect expectations for the Fed’s interest rate policy and views on the economic outlook when the Kenan Institute’s new series of virtual press briefings returns this week.
Pete Stavros of KKR & Co. founded Ownership Works, a new initiative backed by 19 private equity firms, with the objective of reducing income inequality by increasing employee share ownership. The group has prominent backers and a lofty goal of creating $20 billion in wealth in 10 years. As a researcher who has worked on employee share ownership and the benefits it can create, I was encouraged by the news. But while I broadly support employee ownership, such initiatives also can raise red flags because of the risk they impose on employees. As such, it is worthwhile to think carefully through what we know and don’t know about such programs.
The central bank has been busy trying to put the brakes on inflation, but are we beginning to see the signs of a Fed-induced recession? Professor Christian Lundblad, the institute’s director of research, will examine that possibility, provide an update on the employment figures and take your questions at 9 a.m. EDT this Friday, July 8.
We introduce a new framework that facilitates term structure modeling with both positive interest rates and flexible time-series dynamics but that is also tractable, meaning amenable to quick and robust estimation. Using both simulations and U.S. historical data, we compare our approach with benchmark Gaussian, stochastic volatility, and shadow rate models, where the latter enforces positive interest rates.
UNC Kenan-Flagler Business School Finance Professor Paige Ouimet has been named director of research for the Frank Hawkins Kenan Institute of Private Enterprise. Ouimet, who has been a member of the UNC Kenan-Flagler faculty since 2008 and who also serves as associate dean for the school’s Ph.D. program, officially assumed her new role July 1.