The passage of U.S. tax reform legislation in 2017 had an effect not only on companies based in the U.S., but on foreign firms as well, with Chinese companies seeing the biggest negative impact and companies in South America generally benefiting, according to a new study that looks at daily stock market returns around key dates leading up to the passage of the Tax Cuts and Jobs Act of 2017 (TCJA).
On April 25, the Kenan Institute presented UNC students Alex Cooper and Phillippa Owens with the institute’s two highest honors. Cooper received the Rollie Tillman Jr. Outstanding Leadership Award, and Owens was recognized with the Kenan Institute Impact Award. Both awards honor students have made a significant impact on the Kenan Institute and its initiatives and exhibited leadership at UNC and in the broader community.
In the past decade, coworking spaces have emerged as a new and promising phenomenon within entrepreneurship. Due to its prevalence, popularity and potential for disruptive change, coworking is increasingly relevant to theory, practice and policy in entrepreneurship, yet its implications are largely unstudied given its rapid rise.
Many people dream of starting their own business. But before they can make their dream a reality, one of the first and most important decisions they must make is whether to go it alone or partner with someone they may, or may not, already know. Which approach is better?
Artificial intelligence enhancements are increasingly shaping our financial decision-making. But with what result?
Motivated by challenges faced by firms entering an unknown market, we study a strategic investment problem in a duopoly setting. The favorableness of the market is unknown to both firms, but firms have prior information about it. A leader invests first by choosing its investment size. Then, in a continuous-time Bayesian setting, a competitive follower dynamically learns about whether the market is favorable or not by observing the leader’s earnings, and chooses its investment size and timing. In this setting, we characterize equilibrium strategies of firms.
For the first time since the tumult of the global financial crisis, the Federal Reserve lowered interest rates by 25 basis points on July 31. The decision was controversial along a multitude of dimensions.
In spite of widespread buzz about corporate sustainability, research shows that, for many companies, sustainability is still mostly a public relations exercise.
Private equity investments have risen dramatically during the last two decades, not only in developed countries but in developing economies as well. Several studies have found evidence of improvement in firm performance following a private equity (PE) transaction, but surprisingly little is known about the implications of PE transactions for the economy – particularly the global economy.
Founders often face a fundamental tension. On one hand, founders usually desire to retain as much control over their firm as possible. On the other hand, they often lack the competencies required to lead their companies through later stages of growth. But do founders actually listen to these team members? Or do they just continue to listen to their own intuition?
North Carolina is one of the major migration destinations in the U.S. A newly created dashboard that uses 2015-2016 Internal Revenue Service (IRS) county-to-county migration data provides key insights into both the origins and economic characteristics of recent newcomers to the Tar Heel State.
Private equity firms now manage commitments of nearly US$3.4t globally, up from less than US$500b in 2000, and in a significant shift new capital from private markets has surpassed for capital raised in public markets for the first time ever.
Real Estate investments continue to rise in importance in the alternative asset space. But much is still to be learned about their value and performance.
Why do managers act unfairly even when they recognize the significant organizational benefits of treating employees fairly? Prior research has explained this puzzling phenomenon predominantly through an “actor-centric” perspective, proposing that managers’ just behavior is an outcome of their own individual differences.
Channels have traditionally been viewed as intermediaries that facilitate the transfer of products from manufacturers to consumers. Innovations in digital technologies help firms to integrate the customer experience across channels and devices. This new phenomenon is referred to as “omnichannel marketing.”
Does practicing corporate social responsibility (CSR) bestow any benefits on how a firm is perceived by the public?
Arun Sundararajan, the Harold Price Professor of Entrepreneurship and Professor of Technology, Operations and Statistics at New York University’s (NYU) Stern School of Business, and member of the World Economic Forum's Global Future Council on the New Economic Agenda, will deliver the 2020 Michael Sherraden Lecture.
Prevailing data suggests that young firms pay employees less than their more mature counterparts. But does a closer look at the data tell a different story?
Where can a UNC Kenan-Flagler MBA student supplement classroom training with hands-on leadership and a year-long research project on a critical, real-world business issue with the guidance of the school’s distinguished faculty? Whether the subject of study is infrastructure investing, nuclear energy generation, socioeconomic disparities or venture capital funding, the Kenan Scholars program is the best venue for such an experience.
Kevin J. Clark, UNC Kenan-Flagler Business School alumnus and head of operational excellence for digital marketing at LinkedIn, shared his professional journey at the Kenan Center in Chapel Hill, North Carolina, on February 14, 2020.