Reactions from Wall Street and Main Street to how a company addresses – or doesn’t address – issues of gender inequality and sexual harassment affect social media sentiment, brand equity and market value, new research shows.
An analysis shows the overall number of suppliers and countries supplying goods did not change significantly from 2019 to 2021. Companies did shift away from riskier countries like China, and delivery patterns also changed.
As the unexpected increasingly becomes part of the everyday, Kenan Institute Distinguished Fellow Kathleen M. Sutcliffe discusses the capabilities and processes that allow businesses to face their moments of truth with resilience.
Our country's cities, towns and rural communities hold the key to understanding current and forecasted national trends – but for far too long, our nation’s microeconomic data has been lacking. The American Growth Project is here to help.
Join us for a fireside chat with General Mark A. Milley, U.S. Army 39th Chief of Staff, who will share lessons on organizational leadership from his career. Millay has had multiple command and staff positions in eight divisions and Special Forces throughout the last 35 years.
The jumps in the inflation rate over the last few months have been larger and longer-lasting than expected. For much of 2022 economic forecasters, including those at the Federal Reserve, assumed that higher inflation rates would be short-lived—or “transitory” using the preferred jargon of the day. Inflation was expected to start shifting back towards the Fed’s 2% target as supply-chain bottlenecks were resolved and a pandemic-induced shift in demand for consumer goods swung back toward consumer services. Instead, recent inflation prints have set 40-year records and we are seeing more discussion about the possibility of a “wage-price” spiral.
With consumer prices rising for a third straight month in June, consumer demand continuing to outstrip supply and stock valuations well above long-term averages, our experts explore whether the so-called “everything bubble” of asset prices could be set to burst – and examine what’s next for investors and firms.
Individuals tend to give losses approximately 2-fold the weight that they give gains. Such approximations of loss aversion (LA) are almost always measured in the stimulus domain of money, rather than objects or pictures. Recent work on preference-based decision-making with a schedule-less keypress task (relative preference theory, RPT) has provided a mathematical formulation for LA similar to that in prospect theory (PT), but makes no parametric assumptions in the computation of LA, uses a variable tied to communication theory (i.e., the Shannon entropy or information), and works readily with non-monetary stimuli.
We disentangle and study the relative importance of different risk preferences in explaining extended warranty purchases and the high premia paid for them. Empirical and behavioral research on insurance is at odds with whether diminishing returns (curvature of the utility function), or loss aversion and nonlinear probability weighting lead to observed consumer behavior. This lack of consensus is primarily due to the inability of standard choice data to separate different risk preferences, and the consequent need to rely on strong parametric assumptions.
This paper experimentally tests the Fox-Tversky (1995) source preference hypothesis as axiomatized in Chew and Sagi (2008) where people may have preference between equally distributed risks depending on the underlying sources of uncertainty.
We examine the validity of the underlying assumption that the tax system favors superstar firms, using both forward-looking and backward-looking measures of firms’ tax burdens. Across multiple specifications, we find little empirical support for the idea that superstar firms are tax advantaged.
Beginning with Anderson, Banker, and Janakiraman (2003), a rapidly growing literature attributes the short-run asymmetric cost response to activity changes (i.e., sticky costs) as resulting from short-run managerial choices. In this paper, we are agnostic on the theory of sticky costs. Rather, we focus on empirical tests of cost stickiness.
Conventional wisdom dictates that convenience goods should be distributed as intensively as possible. Still, exclusivity arrangements are rapidly gaining way in grocery retailing.
In a recent paper published in the Economic Development Journal, James H. Johnson, Jr., Allan M. Parnell and Huan Lian, researchers from the Frank Hawkins Kenan Institute of Private Enterprise, assert that an aging population is an opportunity for economic growth.
This paper studies how corporate tax cuts in developed countries affect economies in the developing world. We focus on one of the most prominent fiscal policies – the corporate income tax regime – and study a major U.K. tax cut as an exogenous shock to foreign investment in Africa.
How individuals manage, organize, and complete their tasks is central to operations management. Recent research in operations focuses on how under conditions of increasing workload individuals can increase their service time, up to a point, in order to complete work more quickly.
The Frank Hawkins Kenan Institute of Private Enterprise was proud to host Bill Rogers, chairman and CEO of SunTrust Banks, at the Kenan Center Monday, Nov. 19. The Kenan Institute hosted Rogers as part of its Dean’s Speaker Series, which is made possible by the Archie K. Davis endowment. During his visit, the UNC Kenan-Flagler Business School alumnus met with faculty, staff and students to discuss issues ranging from rural economic development to emerging technologies.
Sharecare Chairman and Chief Executive Officer Jeff Arnold shared his vision for the future of digital healthcare in the United States as part of the Dean’s Speaker Series on Nov. 8 at the Kenan Center in Chapel Hill.
Michael Byrd, Kenan Scholars class of 2022, shares his insights on the program's orientation which took place on Jan. 10 and 11.