AI Research Fellow, Kenan Institute of Private Enterprise; former Director of AI Research, KPMG AI Center of Excellence; Vice President, Watson Engineering, IBM
Historically, most businesses have attempted to stay on the sidelines of controversial issues to avoid alienating customers and limit internal discord. But the COVID-19 pandemic (which has disproportionately affected people of color) and rising racial tensions have increased awareness of systemic racism in the U.S. In this Kenan Insight, we explore how business leaders are increasingly taking a stance on diversity and inclusion issues through both internally and externally focused actions and policies.
...Carolina” kiimageurl=”https://kenaninstitute.unc.edu/wp-content/uploads/2020/07/daan-stevens-yGUuMIqjIrU-unsplash-1.jpg” ]Medicaid work requirements are a relatively new policy, coming into effect January 2018.[/topsliderslide][topsliderslide kilink=”https://kenaninstitute.unc.edu/wp-content/uploads/2020/08/2020_Arnold-compressed.pdf” kititle=”Promising Practices for Workforce Housing: Implications for Colleges and Universities” kiimageurl=”https://kenaninstitute.unc.edu/wp-content/uploads/2020/07/morning-brew-SQ5Lx-pCvDI-unsplash.jpg” ]Although the first...
Employee spinouts, defined as startups founded by prior employees of an industry firm, play a critical role in firm creation and knowledge transfer. Their superior performance often arises from resources and knowledge accrued during employment in parent firms. An understudied question is whether prior employment in parent firms impacts an employee
We discuss firm-level evidence based on UK data showing that within-firm pay inequality--wage differentials between top- and bottom-level jobs--increases with firm size. Moreover, within-firm pay inequality rises as firms grow larger over time. Lastly, using wage data from 15 developed countries, we document a positive association between aggregate wage inequality at the country level and growth by the largest firms in the country. We conclude that part of what may be perceived as a global trend toward more wage inequality may be driven by an increase in the size of the largest firms in the economy.
We use a sample of option prices, and the method of Bakshi, Kapadia and Madan (2003), to estimate the ex ante higher moments of the underlying individual securities’ risk-neutral returns distribution.
In kicking off the new year, we at the Kenan Institute want to highlight five topics we anticipate will be top of mind for business leaders and policymakers during the 12 months ahead. Although some of these challenges – such as the recession we expect – can be painful, they also present opportunities. To help you navigate this rapidly evolving economic landscape, the Kenan Institute will work to provide solutions-focused analysis on the following as well as related issues throughout 2023.