Attributing greater value to missing earnings estimates than to beating them signals a trend toward short-term demands and rewards. But what if a firm wishes to make costly investments that could yield long-term business resilience?
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.
The long-term upward trend in Hong Kong's housing price and its ever-increasing price-rent ratio has caused extensive concern from investors and researchers. Dynamic Gordon Model ties an asset's worth to the expected value of the future payoff stream accruing to the asset, and it has been widely used in the literature on finance and real estate asset. As far as we know, this model has not been applied to the research on the Hong Kong real estate market. In this paper, we used this model to analyze the quarterly date of Hong Kong housing prices and other economic indicators from 1999 to 2019.
With homebuying season here, many Americans are eyeing the housing market, looking for signs of improvement. Will unfavorable conditions abate and the number of affordable homes begin to rise?
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.
More than four years since the start of the COVID-19 pandemic, we examine the essential elements that build small-business resilience, emphasizing the importance of personal fortitude and intangible resources in ensuring business survival.
T. Austin Finch, Sr. Professor of Business Administration, Duke University Fuqua School of Business, and 2024 Kenan Institute Distinguished Fellow
One of the long-standing damages of institutional racism in the United States has been a bleak economic outlook for African Americans. In this Kenan Insight, we ask whether today’s activism might prove to be a defining moment in turning the tide for Black economic futures, and if so, who will play the key roles in creating lasting change.
The coronavirus pandemic has been especially traumatic on our country’s African American working poor. From being disproportionately concentrated in low-wage hospitality and service sector jobs to struggling with caregiving and food insecurity issues due to shuttered daycare facilities and food banks, working-poor African Americans are facing an inequitable share of financial, social and psychological challenges. What can be done to ease the burdens of working-poor African Americans, both during the pandemic and moving forward? In this Kenan Insight, Urban Investment Strategies Center Director and William R. Kenan Jr. Distinguished Professor of Strategy and Entrepreneurship Jim Johnson invokes a little-known federal program, the Southeast Crescent Regional Commission (SCRC), as part of a strategic response to providing a coherent, place-based development plan.
Profound demographic changes of all kinds are radically transforming America’s social, economic and political institutions. Perhaps one of the most troubling is something our affiliated Urban Investment Strategies Center Director Dr. Jim Johnson calls the End of Men.
The enactment of the Tax Cuts and Jobs Act (TCJA) on Dec. 22, 2017 dropped the U.S. corporate tax rate from 35 percent to 21 percent, creating the prospect of substantially improved cash flows for many U.S. companies. While the effects of this tax cut are still working their way through the economy, it’s not too early to ask an important question: where did (or will) the money go?
As venture capital markets have surged in recent years, early access to capital remains highly localized. We examine changes that can help investors connect with underrepresented entrepreneurs outside traditional funding hubs, from innovative organizations to improvements in transportation.