On Wednesday, Feb. 5, Maryann Feldman, Heninger Distinguished Professor in the Department of Public Policy at the University of North Carolina, adjunct professor of finance at UNC Kenan-Flagler Business School and director of the Kenan Institute-affiliated center CREATE, testified before the Subcommittee on Research and Technology, part of the U.S. House of Representatives Committee on Science, Space, and Technology. The hearing, titled "America's Seed Fund: A Review of SBIR and STTR," discussed the role of the Small Business Innovation Research (SBIR) program and Small Business Technology Transfer (STTR) program in helping to move the results of federally funded research into commercial development and generating new economic growth.
After careful consideration, we have decided to cancel this event. Given the continued uncertainty of the COVID-19 situation, the status of University operations at this time, and the national impacts on travel, we're confident this is the right decision. If you have any questions regarding this event, please contact the event administrator, Kim Allen via email at Kim_Allen@kenan-flagler.unc.edu.
Sharecare, the digital health company that helps people manage all their health in one place, and The University of North Carolina at Chapel Hill’s Center for the Business of Health announced the results of the North Carolina Well-Being Data Analysis Competition, a student competition designed to drive local insights around well-being in North Carolina.
Learn about the legacy and the future of the Kenan Institute of Private Enterprise, part of UNC Kenan-Flagler Business School at the University of North Carolina at Chapel Hill, as it marks its 40th anniversary.
To kick off the new school year on Aug. 12, the Kenan Scholars program participated in Carolina’s annual Week of Welcome, which introduces incoming students to the university’s various clubs and organizations. The virtual event addressed how companies have attempted to confront racism amid the current racial unrest.
This research symposium brings together leading professionals and academics to focus on global issues in private equity and will feature an opening presentation from Prof. Tim Jenkinson (Oxford University, Saïd Business School), an academic roundtable, and a panel of industry practitioners.
The idea of financial compensation for the descendants of slaves in America has been in existence since the end of the Civil War. In spite of decades of discussion, though, the issue still ignites debate and raises such questions as “How do you put a cash value on enslavement?” and “Who should be eligible to receive compensation?” In this video, economist William A. “Sandy” Darity Jr., Samuel BuBois Cook Professor of Public Policy at Duke University, discusses the history of racial inequality in the U.S. and outlines a plan for instituting reparations to the descendants of slaves.
CREATE Faculty Director and UNC Public Policy Professor Maryann Feldman recently served as a panelist examining conditions for technology-based economic development. While speaking to the President’s Council of Advisors on Science and Technology Sept. 29, Feldman cautioned against treating universities as lynchpins in the effort to drive regional innovation—noting reforms are needed to help university technology transfer offices recoup operating costs—and strongly advocated for new financing models to spur economic development in areas lacking venture capital support.
Fayetteville State University Chancellor and CEO Darrell T. Allison, Fayetteville-Cumberland Regional Entrepreneur and Business Hub Director Tamara Martin and others talk about how the hub has affected the region's economy.
Mark Little, executive director of CREATE, was recently profiled in an article by Rice University, his alma mater. The article highlights Little’s varied career and collaborative approach to his work.
For more than a year, researchers across the University of North Carolina at Chapel Hill’s (UNC) Kenan-Flagler Business School (KFBS) and School of Medicine (SOM) worked with Sharecare, Inc. (Sharecare) to establish a framework for measuring the true value of corporate well-being interventions and develop a measurement tool to quantify their impact over time. The goal of the research was to assess the value of implementing corporate well-being interventions to improve employee health and lower direct medical costs to employers.
The Private Equity Research Consortium and the Institute for Private Capital (IPC) at the University of Oxford, Saïd Business School will host the 2021 Spring Private Equity Research Symposium on May 27. The Spring Symposium supplements, and will follow the same format as, the long-standing PERC Fall Symposium that takes place each year at UNC. The conference will be held virtually this year for the safety of our members and attendees.
U.S. stocks are more volatile than stocks of similar foreign firms. A firm's stock return volatility can be higher for reasons that contribute positively (good volatility) or negatively (bad volatility) to shareholder wealth and economic growth. We find that the volatility of U.S. firms is higher mostly because of good volatility
This article examines the historical relation between oil price movements and both public and private equity investments in the energy sector. By utilizing two proprietary private equity databases (one at the fund level and the other at the company level), the authors are able to show that investments in energy-focused private equity offer diversification benefits relative to similarly focused public equity and direct energy commodity investments. They find that public equity investments perform better than direct investments in energy commodities. Energy-focused private equity outperforms energy-focused public equity.
This paper illustrates the major challenges faced by globally recognised classical art forms through the examination of Kutiyattam, a centuries old renowned theatre form of India, Kutiyattam was declared by the UNESCO in 2001 as an intangible heritage of humankind. During the mid-twentieth century, Kutiyattam performers came out of their traditional performing space in Hindu temples, encouraged by the proactive support of the State. In the wake of the UNESCO recognition for the theatre form, State support measures underwent further strengthening. However, in spite of this, India’s Kutiyattam institutions are confronted with a serious economic crisis that threatens their very existence.
While much research indicates that organizational processes are learned from experiences, surprisingly little is known about what is actually learned. Using a novel method to measure explicit learning, we track the learned content of six technology-based ventures from three diverse countries as they internationalize. The emergent theoretical framework indicates that firms learn heuristics. These heuristics have a common structure centered on opportunity capture and are learned in a specific developmental order. This results in a deliberately small, yet increasingly strategic, portfolio of heuristics. Broadly, we contribute to the psychological foundations of strategy by highlighting the rationality of heuristics as strategy, capability creation as the cognitive transition from novice to expert heuristics, and simplification cycling as a critical dynamic capability for sustaining competitive advantage.
This study explores how firms learn heuristics from negative outcomes. Prior literature has suggested that learning is strongly affected by whether attributions for negative outcomes are internal or external. Our data complement this view by revealing a new and different pattern. Specifically, they show that learning heuristics appears more dependent on whether attributions are convergent or divergent across hierarchical levels.
Much is known about the importance of dynamic capabilities. Yet, surprisingly little is known about how multiple dynamic capabilities might be developed in parallel, since most existing work explores a particular dynamic capability in isolation. Using rich quantitative and qualitative data on Dow Chemical's acquisitions, joint ventures, and divestitures over the past 20 years, we seek to address this gap. Besides contributing by adding fresh insights about managing growth and the utility of distributed practice, and by shedding light on positive and negative experience transfer, our core contribution is an emergent theoretical framework that develops the concept of “concurrent learning.
In this discussion, I use Holzhacker, Krishnan, and Mahlendorf (this issue), hereafter HKM, as a point of departure from which to discuss the current state of the two research areas to which they contribute. I will present some big-picture thoughts on research opportunities in their source literatures — the literature on financial management in health care and the literature on cost stickiness — and speculate as to where these literatures might go in the future.
I have yet to decline an opportunity to ride some of my favorite hobby horses in managerial accounting research, so the invitation by Ranjani Krishnan to participate in the Journal of Management Accounting Research's 25th Anniversary Panel at the 2014 Management Accounting Section Midyear Meeting in Orlando was very welcome. The following summarizes my thoughts expressed during the panel. I hope to stir the pot and perhaps get management accounting researchers to think somewhat differently after reading this piece about where we are as a field and where we need to be going to be successful in the next 25 years.