We find that although team structure has a significant impact on the performance of nonfounder‐led firms (consistent with past literature), it has little to no effect on the operating performance of founder‐led firms, suggesting that founder chief executive officers (CEOs) may exert too much control. Thus, the irony is that founders are retained to propel progress but their very retention may prevent progress.
This article examines at‐the‐market (ATM) equity programs as an additional source of financial flexibility. We find that firms with higher market‐to‐book ratios and greater institutional ownership are more likely to announce an ATM program. Firms using ATM programs are also more likely to issue shares when they have exhausted other viable financing alternatives, have timely investment opportunities and when market conditions are favorable. Finally, we document a significant negative announcement effect around the establishment of an ATM program, though the magnitude of this effect is significantly less negative than that of a comparable SEO.
Each year, the Kenan Institute of Private Enterprise distinguishes a small group of incoming undergraduate and MBA students as Kenan Scholars. Students are selected for their superior scholarship and genuine interest in putting the private sector to work for the public good. Scholars supplement classroom learning with internships, field trips, research experiences, networking and mentoring. They engage with prominent leaders in business, academia, policy and government to gain real-world experiences that advance their problem-solving and leadership abilities. The Kenan Scholars Program enhances the Carolina experience and prepares students to succeed in a diverse world and interconnected global economy. Learn more: kenaninstitute.unc.edu/scholars
On April 21, the Kenan-Flagler Energy Club celebrated Earth Day with a lecture by alumnus Rob Glen (Arts & Sciences, ’78). A senior executive based in San Francisco for Bloomberg New Energy Finance (BNEF), Glen sets the prominent industry analyst firm’s global service, analysis and customer strategies. He also leads its business relationships with organizations including Chevron, General Electric and Google.
Each year, the Kenan Institute of Private Enterprise distinguishes a small group of incoming undergraduate and MBA students as Kenan Scholars. Students are selected for their superior scholarship and genuine interest in putting the private sector to work for the public good. Scholars supplement classroom learning with internships, field trips, research experiences, networking and mentoring. They engage with prominent leaders in business, academia, policy and government to gain real-world experiences that advance their problem-solving and leadership abilities. The Kenan Scholars Program enhances the Carolina experience and prepares students to succeed in a diverse world and interconnected global economy.
Each year, the Kenan Institute of Private Enterprise distinguishes a small group of incoming undergraduate and MBA students as Kenan Scholars. Students are selected for their superior scholarship and genuine interest in putting the private sector to work for the public good. Scholars supplement classroom learning with internships, field trips, research experiences, networking and mentoring. They engage with prominent leaders in business, academia, policy and government to gain real-world experiences that advance their problem-solving and leadership abilities. The Kenan Scholars Program enhances the Carolina experience and prepares students to succeed in a diverse world and interconnected global economy.
Each year, the Kenan Institute of Private Enterprise distinguishes a small group of incoming undergraduate and MBA students as Kenan Scholars. Students are selected for their superior scholarship and genuine interest in putting the private sector to work for the public good. Scholars supplement classroom learning with internships, field trips, research experiences, networking and mentoring. They engage with prominent leaders in business, academia, policy and government to gain real-world experiences that advance their problem-solving and leadership abilities. The Kenan Scholars Program enhances the Carolina experience and prepares students to succeed in a diverse world and interconnected global economy. Learn more: kenaninstitute.unc.edu/scholars
Each year, the Kenan Institute of Private Enterprise distinguishes a small group of incoming undergraduate and MBA students as Kenan Scholars. Students are selected for their superior scholarship and genuine interest in putting the private sector to work for the public good. Scholars supplement classroom learning with internships, field trips, research experiences, networking and mentoring. They engage with prominent leaders in business, academia, policy and government to gain real-world experiences that advance their problem-solving and leadership abilities. The Kenan Scholars Program enhances the Carolina experience and prepares students to succeed in a diverse world and interconnected global economy.
Rethinc. Labs is a consortium of globally prominent thought leaders and researchers examining how emerging technologies are changing the way business is done.
Roger McNamee has been a Silicon Valley investor for 35 years. He co-founded successful funds in venture, crossover and private equity. His most recent fund, Elevation, included U2’s Bono as a co-founder. McNamee's new book, "Zucked: Waking Up to the Facebook Catastrophe," chronicles his early mentorship of Mark Zuckerberg and other tech leaders, and his subsequent realization that the Facebook platform and its legitimate advertising tools were being manipulated by “bad actors.”
Crowdsourcing contests (also called innovation challenges, innovation contests, and inducement prize contests) can be used to solicit multisectoral feedback on health programs and design public health campaigns. They consist of organizing a steering committee, soliciting contributions, engaging the community, judging contributions, recognizing a subset of contributors, and sharing with the community.
Crowdsourcing has been used to spur innovation and increase community engagement in public health programmes. Crowdsourcing is the process of giving individual tasks to a large group, often involving open contests and enabled through multisectoral partnerships. Here we describe one crowdsourced video intervention in which a video promoting condom use is produced through an open contest. The aim of this study is to determine whether a crowdsourced intervention is as effective as a social marketing intervention in promoting condom use among high-risk men who have sex with men (MSM) and transgender male-to-female (TG) in China.
In an ever changing global economy, firms need to constantly update their business strategy and operational execution. In this dynamic interactive workshop, leading scholars along with executives and policy makers will discuss most salient trends and opportunities related to global sourcing.
Join us for an afternoon with Columbia University professor and Director of the Raj Center on Indian Economic Policies, Jagdish Bhagwati. Register
Focusing on the ten countries with the most-traded currencies, we provide novel empirical evidence about the existence of significant heterogenous exposure to global growth news shocks.
We undertake the first large-sample analysis of foreign tax holiday participation by U.S. firms.
Join the Kenan Institute on Nov. 30 as we partner with Infinia ML to host the Machine Learning Symposium at UNC-Chapel Hill’s campus. This event will bring together academic, policy and business leaders to connect the possibilities of cutting-edge research with the realities of practical implementation in enterprise.
We present preliminary work to construct a knowledge curation system to advance research in the study of regional economics. The proposed system exploits natural language processing (NLP) techniques to automatically implement business event extraction, provides a user-facing interface to assist human curators, and a feedback loop to improve the performance of the Information Extraction Model for the automated parts of the system.
Join the Kenan Institute of Private Enterprise and SAS this November for the AI Innovations Forum, where thought leaders from academia, industry and government will convene to discuss and debate the most challenging issues in artificial intelligence today, setting the agenda for future research and policy.