Are divestitures really just the “flip side” of acquisitions? Both divestiture and acquisition are important processes for firm scope change. Frequently, these processes are considered to be “two sides of the same coin” wherein a divestiture is simply an acquisition performed “in reverse.” In contrast to this perspective, the authors submit that these two corporate strategic processes have fundamental differences in their motivations, implementation, and ramifications.
From the perspective of customers, there are two types of counterfeit products: deceptive and non-deceptive counterfeits. In the case of non-deceptive counterfeits, a customer can distinguish between a genuine article and a counterfeit version; she may still buy the counterfeit item because she cannot afford the genuine product. In contrast, the customer cannot differentiate a deceptive counterfeit item from the genuine product before buying it. Both types of counterfeits negatively affect a manufacturer’s profit and brand.
Counterfeiting is a severe problem with significant economic impact that can negatively affect a manufacturer's profit and brand. However, blockchain-based solutions can help customers make informed purchasing decisions.
... In this proposal, we propose an inductive, multi-case research study on how new ventures navigate market and regulatory uncertainty in a nascent agricultural-technology (“ag-tech”) industry. We outline a research...
In honor of University Research Week, Kenan Institute Director of Research Christian Lundblad discusses the importance of research from the perspective of Kenan-Flagler faculty, and how the school's international reputation is inextricably tied to the quality, relevance and creativity of its collective research agenda.
Are divestitures really just the “flip side” of acquisitions? Both divestiture and acquisition are important processes for firm scope change. Frequently, these processes are considered to be “two sides of the same coin” wherein a divestiture is simply an acquisition performed “in reverse.” In contrast to this perspective, the authors submit that these two corporate strategic processes have fundamental differences in their motivations, implementation, and ramifications.
Many of the most prosperous places in the U.S. are hotbeds of technology and also the home bases of companies which exercise monopoly power across much larger territories – nationally, or even globally. This paper makes four arguments about regional income disparities.
This study provides evidence that retrospective adoption of an accounting standard improves the ability of investors and other financial statement users to assess a firm’s relative performance in the years surrounding adoption.
Focusing on the incubation stage of a potential new industry, this article addresses a gap at the intersection of the external sourcing and market entry literatures by examining pre‐entry external sourcing of new resources.
In response to the economic chaos caused by the COVID-19 pandemic, the federal government launched its largest fiscal stimulus in modern history—the CARES Act. But with $2 trillion invested in small businesses, unemployment benefits and direct cash payments to households, the CARES Act has still fallen short of its goals to spur consumer spending and restore employment. This Kenan Insight analyzes what went wrong, and offers suggestions for the anticipated next round of federal economic aid.
My inductive analysis using case studies helps identify and understand the processes whereby B-Corp certification can bring about a change in perception and practices at different levels.
...opportunity to meet potential faculty advisors and learn about research opportunities at Kenan-Flagler. NOTE: The in-person 2020 Kenan-Flagler Research Expo was cancelled. However, our online virtual Kenan-Flagler Business Research Expo,...
As autoworkers continue to strike, there are concerns about how the work stoppage could affect the automotive supply chain, which is still adjusting to challenges imposed by the COVID-19 pandemic.
Many providers of defined-contribution investment plans, such as 401(k) plans, have advocated for broader access to private investments. In this Kenan Insight, we examine the operating, regulatory and legal constraints involved in allowing that access, and explore what, if anything, retail investors are likely to gain from investing in private funds.
The current narrative around the U.S. labor market is a mixed bag. On the one hand, many companies are struggling to find enough workers to return to a semblance of normal operations. On the other, 8 million fewer Americans were employed in April 2021 as compared to February 2020. We asked three experts from the University of North Carolina at Chapel Hill — Christian Lundblad, Director of Research, Kenan Institute of Private Enterprise and Richard "Dick" Levin Distinguished Professor of Finance, Area Chair of Finance and Associate Dean of the Ph.D. program, Kenan-Flagler Business School; Luca Flabbi, Associate Professor of Economics; and Paige Ouimet, Professor of Finance, Kenan-Flagler Business School — to weigh in on the critical issues behind this dichotomy.
Bringing a medical device to market requires startup founders to overcome challenges they may be ill-equipped to tackle. Alliances with former employers can help, but startups must carefully choose which markets they target.
Stephen Arbogast, Director of the Energy Center at the Kenan-Flagler Business School, offers an in-depth explanation of supply dynamics in global energy markets--and why oil and gas prices have been so chaotic.
...massive shifts in the global labor market, with repercussions continuing to be felt by both firms and workers today. While employers navigate the demand for an increasingly skilled and agile...
With economic growth can come growing pains, such as an increased cost of living and displacement of local businesses. An NCGrowth report examines how communities with a large manufacturer can minimize those pains.