Hospital emergency departments (EDs) provide around-the-clock medical care and as such are generally modeled as nonterminating queues. However, from the care provider’s point of view, ED care is not a never-ending process, but rather occurs in discrete work shifts and may require passing unfinished work to the next care provider at the end of the shift.
We investigate the influence of bank competition on agency costs by examining whether earnings management in the form of loan loss provision smoothing increases as the wedge between control rights and cash-flow rights increases.
Previous research has used an ego depletion perspective to establish a self-regulatory model linking sleep deprivation to unethical behavior via depletion (Barnes, Schaubroeck, Huth, & Ghumman, 2011; Christian & Ellis, 2011; Welsh, Ellis, Christian, & Mai, 2014). We extend this research by moving beyond depletion to examine a more nuanced, process-based view of self-control.
Caller abandonment could depend on their past waiting experiences. Using Cox regressions we show that callers who abandoned or waited for a shorter time in the past abandon more in the future. However, Cox regression approach does not shed light on callers’ prior belief about the duration of their delays.
The efficiency of price discovery in the REIT market is an issue of enduring interest. Unfortunately, existing studies focus on REIT index data, and the general equity efficiency literature that uses individual assets typically excludes this sector.
Suppliers are increasingly being forced by dominant retailers to clean up their supply chains. These retailers argue that their sustainability mandates may translate into profits for suppliers, but many suppliers are cynical about these mandates because the onus to undertake the required investments is on them while potential gains may be usurped by the mandating retailer.
A BloombergView article on the negative economic effects of the growing number of mega companies dominating American markets features the latest research co-authored by Kenan Institute Director Greg Brown. The research looks at how the dramatic change in the number and composition of firms listed on major U.S. exchanges over the past two decades – namely, more larger, older companies and fewer companies overall – has resulted in historically low levels of idiosyncratic risk.
FoodCon is a daylong event focused on the business of sustainable food with a goal of bringing together a diverse audience of students, community members, and business professionals who have a shared interest in the sustainable food industry. UNC Kenan-Flagler MBA Net Impact students (Elisa Elkind and Brianne Abramowicz, both MBA ’15) had an idea in 2014 to host a conference to talk about the business of sustainable food. Since then, their idea has grown to include partner schools, who each take a turn to co-host the event, Duke University and NC State. This event is a collaborative effort between the three schools that surpasses ‘Tobacco Road’ rivalries. The 2017 event came back to UNC Kenan-Flagler with a theme of ‘Good For All: Sustainable. Profitable. Accessible.’
The New Oxford Handbook of Economic Geography is the most comprehensive and significant statement about the value and potential of economic geography in 2017. Sixty-six leading economists and geographers from around the world investigate the rival theories and perspectives that have sustained the development of economic geography. The Handbook also focuses on linkages, including those between inequality, instability, and sustainability in the global economy; economic behavior, strategies, and practices; mobility and creativity; resources and development; and distribution and consumption.
This monograph introduces Management Accounting to Operations Management researchers and illustrates how unleashing this accounting information perspective into the world of Operations Management can improve our understanding of topics of interest to Operations Management researchers and practitioners.
Economic forecasting is a key ingredient of decision making both in the public and in the private sector. Because economic outcomes are the result of a vast, complex, dynamic and stochastic system, forecasting is very difficult and forecast errors are unavoidable. Because forecast precision and reliability can be enhanced by the use of proper econometric models and methods, this innovative book provides an overview of both theory and applications. Undergraduate and graduate students learning basic and advanced forecasting techniques will be able to build from strong foundations, and researchers in public and private institutions will have access to the most recent tools and insights
A Triangle Business Journal article on the Kenan Institute’s Dean’s Speakers Series featuring Blackstone CEO Steve Schwarzman last week. Schwarzman and UNC Kenan-Flagler Business School Dean Doug Shackelford discussed the makings of a CEO in their Kenan Center fireside chat before students, faculty, staff and UNC Chapel Hill community members.
We investigate Chinese firms’ use of variable interest entities (VIEs) to evade Chinese regulation on foreign ownership and list in the US. VIEs are explicitly designed to circumvent the intent of Chinese law on foreign control, and potentially exacerbate agency conflicts within the firm.
Firms should disclose information on material cyber-attacks. However, because managers have incentives to withhold negative information, and investors cannot discover most cyber-attacks independently, firms may underreport them. Using data on cyber-attacks that firms voluntarily disclosed, and those that were withheld and later discovered by sources outside the firm, we estimate the extent to which firms withhold information on cyber-attacks.
Consumer boycotts of products offer a unique context to understand the nature of consumer preferences and market dynamics. We focus on the 2012 nationwide boycott of Japanese products in China triggered by a territorial dispute and heavily influenced by historical animosity between citizens of the two countries.
DaimlerChrysler’s origins date as far back as 1883, when its predecessor “Benz & Co. Rheinische Gasmotoren-Fabrik, Mannheim” was founded by Karl Benz in Germany. The Chrysler Corporation was founded in the United States in1925 by Walter P. Chrysler. In November 1998 Chrysler and Daimler Benz completed a $36 billion merger, forming DaimlerChrysler, the fifth largest automaker in the world with estimated sales of $160 billion.
ABN AMRO’s origins date as far back as 1824, when its predecessor Nederlandsche Handel-Maatschappij was founded in the Netherlands. More recently the Dutch-based international bank is the result of the 1991 merger of ABN bank and AMRO bank. Today, ABN AMRO ranks 10th in Europe and 22nd in the world based on tier 1 capital. It has over 3,000 branches in more than 60 countries, a staff of over1105,000 full-time equivalents and total assets of EUR 560 billion (as per end 2003). The firm is listed on several exchanges, including the Amsterdam, London and New York Stock Exchanges.
“When are you going to change this Children’s Safe Drinking Water program and make money for your company? Surely Procter & Gamble wants you to profit on the water purification technology—you can’t sustain your program as a non-profit!” Greg Allgood sighed internally at this question, as it seemed to surface frequently despite the continued and rapid growth of the Children’s Safe Drinking Water (CSDW) program at P&G. Allgood (Director of the CSDW program) was not actually frustrated with the query, as he had an easy answer ready. Rather, he wished that people could more easily see how his team’s non-profit work was adding greater value to the $80 billion dollar company than a for-profit sales model ever could. Procter & Gamble is a data-driven company, and after 24 years as a “Proctoid” he knew this better than anyone. Greg had significant qualitative and some quantitative information to support the idea that, in some cases, a non-profit business model could do much more for the bottom line than could a for-profit model. However, he knew that he needed to do even more to clarify this point for others.
Graham, N.C.-based Lindley Mills has been awarded the Family Business Award from the Triad Business Journal. Vice President of Marketing Caroline Lindley (BSBA '14, MBA '17) represents her family's 10th generation at the mill. She continues to work closely with the Family Enterprise Center, a Kenan Institute affiliate. Lindley also serves on the Kenan Institute's Kenan Scholars Board of Mentors.
Ruben Carbonell, Frank Hawkins Kenan Distinguished Professor of Chemical and Biomolecular Engineering at NC State University and a board member at the Kenan Institute of Private Enterprise, was presented with the O. Max Gardner Award on May 24. The award is the most significant honor given to faculty by the UNC System Board. Carbonell was recognized for his contributions in engineering, healthcare, education and public policy.