ESG measurement and impact accounting can have vast economic and social influence; however, implementation is extremely challenging for both businesses and policymakers. In this week’s insight, our experts propose ways of refining ESG measures to produce structures that meet various stakeholder needs, drive reporting free from political influence and agendas, and illustrate the promise and risks of impact accounting.
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!
While access and quality of healthcare in the U.S. are shaped by several factors—location, work, insurance—a simple change can make a big difference for patients. According to a new study led by the institute-affiliated Center for the Business of Health Faculty Director Brad Staats, delivering mental and physical care at the same location can improve patient experience and care efficiency. This week’s Kenan Insight offers a chance for our experts to explore the findings of this new study.
The latest report from the Department of Labor showed continued robust job growth. Employers added 431,000 jobs in March. The news of sustained job gains speaks to the strength of the U.S. economy. Moreover, the labor force participation rate inched up slightly to 62.4% in March, from 62.3% in February, indicating more Americans are reentering the workforce. We still have a long way to go to resolve the imbalance between job openings and unemployed people, however, and this means that current issues of worker burnout will also linger.
A July 2020 analysis conducted by the Urban Institute estimated states would lose $200 billion in tax revenue through the June 2021 fiscal period due to COVID-19. How states manage this shortfall will impact individuals and businesses. In partnership with the AICPA, our expert panel will share the latest revenue projections and provide insight into actions states are and will be taking to increase revenue.
In partnership with the AICPA, the UNC Tax Center's expert panel will share an overall economic outlook for 2021, a look at the Biden administration’s expected tax policy direction, the tax legislative outlook for 2021 and beyond and possible administrative and regulatory actions.
A follow-up to our pre-election coverage, this discussion will explore the impact of the presidential and congressional race outcomes on U.S. business and the economy, trade and foreign relations, ongoing COVID-19 recovery efforts and more.
Join our retail faculty and industry experts as they discuss the development of new online platforms and delivery options, the management of supplier relationships, evolving customer demand and expectations and changing personnel needs and safety.
Drug patents are different. To improve their quality ex ante, regulators can use predictive models. Drug patents provide crucial incentives for developing life-saving medicines, but when improperly granted, they can contribute to delays in competition and limit access.
We examine firm disclosure choice during the initial public offering (IPO) roadshow presentation to understand the informativeness of a management presentation designed to attract investors. Although firms submit a comprehensive registration filing during the IPO, managers also prepare a roadshow presentation, which is shorter and typically allows managers more autonomy to select the information released and how it is discussed. We find that IPO roadshows have significantly more positive, less negative, and less uncertain language than the SEC filing.
Throughout 2022, the Kenan Institute at UNC-Chapel Hill explored how ESG factors enter into and play a role in the decisions of corporate managers and investors. We have framed this analysis within the broader notion of “stakeholder capitalism,” a model in which business decisions reflect explicit consideration of their expected impact on a broader set of corporate stakeholders.
The executive labor market (ELM) is a topic of interest that spans several academic fields. The outcomes of the ELM, including executive selection, succession, and compensation, are important considerations as they influence executive decision making and other organizational outcomes. Yet, a comprehensive framework of ELM dynamics currently does not exist. To address this shortcoming, we reviewed the existing literature using five fundamental questions: (1) What executive jobs are available? (2) Who is available to fill executive jobs, and what is valued on the ELM? (3) Who signals interest in the executive jobs? (4) Who gets offered/accepts the executive job, and what is the agreed-upon compensation? (5) How do status and social capital influence ELM outcomes? By answering these questions, our review provides a framework for integrating existing research on the ELM while suggesting avenues for future research.
The COVID-19 financial downturn will have short- and long-term effects on personal and consumer finance, as explored by a panel of Kenan Institute-convened experts during a press briefing held yesterday. The full recording of this briefing—along with a deeper-dive analysis on the specific implications of the downturn on personal retirement income by Kenan Institute Executive Director Greg Brown, is available in this week’s Kenan Insight.
Join our panel of experts who will share their technological, legal and social expertise to answer the questions raised by the real-world performance of risk assessment instruments.