Join our panel of industry and academic leaders, who will share their technological, legal, organizational and social expertise to answer the questions raised by emerging artificial intelligence capabilities.
Kenan Institute Executive Director and Institute for Private Capital Research Director Greg Brown breaks down a recent white paper by Antii Ilmanen, Swati Chandra, and Nicholas McQuinn of AQR, which examines expected returns for Private Equity (PE). The paper’s authors claim that, when properly risk-adjusted, the returns on private equity are not attractive relative to public market stocks. The conclusion on lower returns is surprising to many because it’s at odds with what is now the well-documented outperformance of PE over the last few decades.
A recent trend in corporate culture has been an increase in diversity, equity and inclusion (DEI) programs meant to increase awareness of these critical issues and support underrepresented groups and minorities in the workplace. But what exactly is DEI, and how should we approach conversations about race and discrimination? On Friday Oct. 30, our Kenan Scholars engaged in a DEI training, led by Antoinetta Mosley of I Follow the Leader LLC, to answer just that.
The factors that determine our health go far beyond what happens in the doctor’s office. In this Kenan Insight, we explore how the physical well-being of many Americans has been placed in jeopardy by upstream social and economic factors such as racism, food and job insecurity, and a lack of community and social support systems.
The widespread adoption of technological advances has made the move to working from home during the COVID-19 pandemic a success. In this Kenan Insight, we look at why the switch was such a win, its impact on worker productivity, and what it means in the long term for workers, office spaces and cities.
The Biden administration has proposed several multi-trillion dollar initiatives to invest more federal dollars in infrastructure, education, healthcare and more. However, these big ticket items come at a significant cost, which the president hopes to cover through tax reforms. Proposed changes could affect individual income taxes for high earners, corporate taxes, international taxes and capital gains – and needless to say, the proposed reforms have drawn both strong critics and supporters. As dizzying negotiations and politicking continue in Washington, two of our experts unpack the proposed tax changes and their potential impacts on businesses and households in this week’s Kenan Insight.
The COVID-19 pandemic increased economic inequities in a number of ways, including in access to external capital – and while 2020 marked a break-out year for venture-backed firms, the pandemic hit many main street businesses hard. In this Kenan Insight, we explore the forces driving the haves and have-nots in this new economic climate, as well as actionable policy solutions as government support programs wind down.
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.
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.
The U.S. spends significantly less on child care than other developed nations, and the consequences of that spending became evident during the pandemic – particularly within underserved communities. In this week’s insight, our experts discuss why the U.S. should prioritize and fund early childhood education and care.
First, the good news. Given what we know about current economic conditions, it is likely that the consumer inflation rate has peaked in the U.S. for the current cycle. Recent inflation reports on the Consumer Price Index (CPI) and Personal Consumption Expenditures (PCE) Implicit Price Deflator, which is the Federal Reserve’s preferred measure, show a jump to new 40-year highs in March but signs of moderation in coming months. For example, consumer goods with very large 12-month cost runups such as used cars and food away from home are starting to see prices moderate. Likewise, prices of important household goods like apparel, furnishings, prescription drugs and recreation commodities (think TVs and Pelotons) are flattening. Furthermore, some important energy prices such as crude oil and gasoline have stabilized in April after jumps in the first quarter. So, while inflation will surely remain elevated for some time, it is unlikely to get much worse.
Unions seem to be popping up everywhere these days. In fact, the National Labor Relations Board reported that requests for union elections during the last nine months are up 58% over the prior fiscal year. This trend has received significant coverage in the media, with particular interest in successful organization efforts at Amazon, Starbucks and Apple.
The argument that ESG investing generates more stable and higher long-term returns has come under scrutiny, including recent data showing long-run underperformance of ESG funds over the past five years. In this Kenan Insight, we provide some clarification based on recent research that revisits fundamental questions: why and how some investors take ESG factors into account in the first place.
Our goal in this report is to assess the demographic and economic impacts of immigrants or the foreign-born on North Carolina regions, counties, and communities as well as The State as a whole.
As a destination for both migration and business growth, North Carolina must reassess the capabilities of local entrepreneurial and small-business ecosystems to ensure that its diverse population of aspiring entrepreneurs and small-business owners has equitable access to opportunities.
It’s not every day that students can walk through the halls of state government and shake hands with policymakers, but on January 26, a group of Kenan Scholars did just that.
We study the role of information in asset pricing models with long-run cash flow risk. When investors can distinguish short- from long-run consumption risks (full information), the model generates a sizable equity risk premium only if the equity term structure slopes up, contrary to the data.
Perez-Truglia, a Kenan Institute Distinguished Fellow, will summarize the latest research, including his own, to provide a better understanding of the effectiveness of pay transparency laws.
Kenan Institute Chief Economist Gerald Cohen explains why we're doubling down on our recessionary forecasts.
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.