As part of the “Emerging Models in Affordable Housing” breakout session at the Investing in Affordable Housing Symposium, University City's Aaron Lubek and Domos Co-Living's Derrick Barker shared insights on new ideas circulating among communities.
There’s no escaping the growing interest in environmental, social and corporate governance investing, but not everyone agrees on how to define, measure or report the variety of factors considered under ESG. Professor Laura Starks of the University of Texas McCombs School of Business spoke on the subject in May at the Alternative Investments Conference, sponsored by the Institute for Private Capital. Starks’ keynote speech, highlighted here, examined the knowns and unknowns of ESG investing as well as new regulations that may be coming.
The health and economic data from this past week brought both good and bad news about the state of affairs in North Carolina. Health data suggest the growth in new cases is slowing, that hospital capacity remains available and that we might be getting a better handle on identification. While this is certainly encouraging in the battle against the pandemic, a similar levelling off in business activity does not bode as well for the economy. In this week’s commentary we seek to unpack some of the details in the data to understand what may be a new plateau.
The spread between 10-year and 3-month Treasuries – my favorite economic indicator – remains strongly in positive territory, suggesting a recession is not in the cards soon. This indicator has predicted all recessions since the mid-1960s, with a lead time of roughly one year, though the timing is inexact. The 10-year/2-year spread, which briefly inverted recently, is less reliable.
Kenan Institute Board of Advisors Chair Karen A. Popp is the recipient of the inaugural Award for Services to Diversity, bestowed by the Global Investigations Review (GIR).
As federal, state and local governments struggle to reopen the economy as the COVID-19 pandemic surges onward, efforts to ensure people’s health and safety are seemingly at odds with attempts to spur economic activity. In this Kenan Insight, we explore how a data-driven approach to reopening North Carolina (and the U.S. as a whole) can help preserve both lives and livelihoods.
Distinguished Fellow Christine Moorman leverages data from The CMO Survey to uncover the view of marketplace threats and resilience strategies from the perspective of actual managers as part of our 2024 Grand Challenge.
...cities and towns we call home drive America’s GDP. The 150 largest localized markets account for nearly 90% of the U.S. economy. And yet each local economy has its own...
...that cover county, metropolitan statistical area, state and U.S. measures including GDP, employment and housing permits. We have defined 150 Extended Metropolitan Areas comprising multiple counties in economically linked geographic...
As the Consumer Price Index rises, businesses sound the alarm over supply-chain bottlenecks, and federal stimulus checks spur spending, the chatter around inflation is increasing. In this Kenan Insight, we explore what this potential perfect storm for an inflation spike could have on a recovering U.S. economy.
Much has been made about the labor force participation rate, or the percentage of Americans over 16 who are working or actively looking for work — and for good cause, given the number of unfilled vacancies at U.S. firms. If fewer Americans are working, it is going to be harder for firms to staff all of their openings. Currently, 62.2% of adult Americans are working or looking for work. This compares with a historical average of 63.9% in 2019. With 259 million adult Americans, this 1.7 percentage point decrease in the labor force participation rate translates to a missing 4.4 million workers. And the narrative to date has primarily focused on how many Americans made changes following the COVID-19 pandemic (in response to lockdowns, layoffs, health concerns or care responsibilities) and the sizable fraction of these Americans who are still sitting on the sidelines. Given the steady drumbeat of news about how firms are unable to fill all their positions, there is much interest in how and when we expect these workers to return to the labor force. So, when can we expect them to join the labor pool?
The goal of this paper is to conduct a survival analysis to determine the causal impact of federal R&D subsidies on firms’ long-term survival.
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?
As the U.S. continues to face COVID-19 and supply chain disruptions, experts debate just how worked up the economy is in its current state. This week’s Insight serves as the first in a two-part point-counterpoint series, in which Kenan Institute Executive Director Greg Brown and Chief Economist Gerald Cohen hash out the arguments both for and against an overheating economy.
The tremendous growth in cryptocurrency trading has included frequent pump-and-dump (P&D) schemes. The resulting volatility has raised both excitement and concern about exploitation and fraud. Unlike the stock market, where P&D schemes can last for months, in the cryptocurrency market the price and volume inflations last just minutes, making it is almost impossible for those not in the pump group to participate. P&Ds are organized through pump groups who communicate through heavily encrypted message platforms. Investors learn about the groups through ads on social media. Our research examines 500 cryptocurrency P&D schemes to better understand their timing, characteristics and impact. As cryptocurrency exchanges think about regulating P&Ds, our researchers seek to understand who is currently benefiting and what these “cryptobloggers” do to the health of the cryptocurrency market.
A UNC Kenan-Flagler professor doesn’t foresee long-term effects from the failure of Silicon Valley Bank, given that other banks and financing companies can step in to replace SVB as an issuer of venture debt.
Research from UNC Kenan-Flagler Business School Assistant Professor of Finance Abhinav Gupta demonstrates how a seemingly small change in the green-card application process holds tremendous significance for millions in the tech industry, made even more relevant by the sector’s current slowdown.
We document that higher measures of liquidity risk on banks balance sheets are associated with lower expected stock returns. We first calculate a measure of liquidity risk, referred to as the liquidity gap (LG), which reflects how much of a bank's volatile liabilities are covered by its stock of liquid assets.
In this paper, we study the role of point-of-sale (POS) marketing mix variables in explaining variation in brand shares (i) at different retail formats, and (ii) across national and store brands in different price tiers. Stores in different retail formats differ in their positioning, the clientele they attract, and types of shopping trips made to the store. Further, national and store brands in different price tiers differ in the quality perception, and the contracts between the retailer and the manufacturer.