The selection of novel ideas is vital to the development of truly innovative products. Firms often turn to idea crowdsourcing challenges, in which both ideators and the seeker firms participate in the idea selection process. Yet prior research cautions that ideators and seeker firms may not select novel ideas. To address the links between idea novelty and selection, this study proposes a bi-faceted notion of idea novelty and probes the role of task structure.
We examine how firms’ accounting quality affects their reaction to monetary policy. The balance sheet channel of monetary policy predicts that the quality of firms’ accounting reports plays a role in transmitting monetary policy by affecting information asymmetries between firms and capital providers.
We quantify the net effect of recent U.S. tax reform on the tax rates of public U.S. corporations and find they decreased by 7.5 to 11.4 percentage points on average following tax reform. Further, we separately examine the effect of tax reform on purely domestic firms and multinational firms because some key provisions only affect multinational firms.
As a once-orderly world grows messier in the post-pandemic era, UNC Kenan-Flagler's Christian Lundblad discusses strategic planning for low-probability, high-impact events.
Vice Chancellor for Innovation, Entrepreneurship and Economic Development and Chief Innovation Officer, UNC Chapel Hill
The Leonard W. Wood Center for Real Estate Studies, along with the Kenan Institute of Private Enterprise, cohosted the UNC Affordable Housing Symposium last month. Experts in the field, as well as academic professionals, explored how the Triangle housing climate has shifted as business booms in the surrounding area and how the real estate industry can prepare for the future.
T. Austin Finch, Sr. Professor of Business Administration, Duke University Fuqua School of Business, and 2024 Kenan Institute Distinguished Fellow
Founder and Research Director, Institute for Private Capital; Van and Kay Weatherspoon Distinguished Professor of Finance, UNC Kenan-Flagler Business School; Faculty Director, Luther Hodges Scholars