In the institute's April 4 briefing, Research Director Camelia Kuhnen dissected consumer confidence and sentiment data with an emphasis on growing pessimism among young people and answered questions on potential economic effects of new tariffs.
This invitation-only conference will convene 100 thought-leaders from academics, industry and government to debate the most challenging current issues in the field of entrepreneurship and set the agenda for future research and policy.
This paper examines the relation between tax enforcement and financial reporting quality. The government, due to its tax claim on firm profits, is de facto the largest minority shareholder in almost all corporations. Therefore, the government, like other shareholders, has an interest in the accurate reporting of (taxable) income and preventing insiders from siphoning corporate funds to obtain private benefits.
This unique Companion provides a comprehensive overview and critical evaluation of existing conceptualizations and new developments in innovation research.
Venture philanthropy presents a new model of research funding that is particularly helpful to those fighting orphan diseases, which actively manages the commercialization process to accelerate scientific progress and material outcomes. This paper begins by documenting the growing importance of foundations as a source of funding academic research as traditional funding from industry and government sources decline.
The rapid aging of the world’s population is dramatically transforming social, economic and political institutions. New ideas and innovations are urgently needed to help seniors age successfully within their homes...
As part of the “Investment Strategies” breakout session at the Investing in Affordable Housing Symposium, Erin Smith of Bank of America's Community Development Corporation, Pamela Watkins-West of Nuveen and Wade Casstevens of Linden Property Group discussed ways in which organizations are looking at new and innovative investment strategies to expand affordable housing creation and preservation in the region.
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.
A panel of experts convened by UNC Kenan-Flagler Business School and its affiliated Kenan Institute of Private Enterprise will be offering a press briefing via webinar examining the origins of innovation and how UNC and its affiliated programs are helping systems and individuals cope with the current crisis. Join Tuesday, April 7, at 11 a.m. EDT.
We comment on the Securities and Exchange Commission’s proposed Reporting Threshold for Institutional Investment Managers (“Proposal”). We estimate the cost savings from the Proposal are economically small, and amount to 0.004% (0.008%) of assets under management for the average (median) affected filer, and 0.02% of assets for the smallest filer. This small cost savings needs to be weighed against the potentially large costs to investors and others created by eliminating a public disclosure that they heavily use.
Using a novel dataset on global private equity investments in 19 industries across 52 countries, we find that labor productivity, employment, profitability, and capital expenditures increase for publicly-listed companies in the same country and industry as private equity investments. Our results show that positive externalities created by private equity firms are absorbed by other companies within the same industry.
More than ever, businesses are tasked with pleasing both shareholders and stakeholders, including employees, customers and even communities. But can it be done? In this week's Kenan Insight, our experts explore the most successful strategies employed by a class of businesses that have been navigating this debate for generations: family firms.
Cryptocurrency has its critics, but it’s becoming an increasingly mainstream option for retail and institutional investors alike. In this Kenan Insight, we share some thoughts from former Co-president of Morgan Stanley Zoe Cruz and Rethinc. Labs Faculty Director Eric Ghysels on whether crypto has reached a tipping point for adoption by individual investors.
Together with many business and economic leaders around the globe, we at the Kenan Institute of Private Enterprise support the harshest feasible sanctions against Vladimir Putin in the immediate interest of Ukraine and its people. More broadly, we view such measures as vital to the long-term survival of democratic values. But as the Russian invasion continues, seemingly unabated by unprecedented economic and financial sanctions, we must ask: what more is feasible? And for how long can such restrictions be sustained?
As part of President Joe Biden’s efforts to refocus the Federal Reserve Board, the Senate conducted confirmation hearings for several nominees this past week. While these hearings traditionally raise spirited exchanges about the nominees’ views on monetary policy and bank supervision, a new and more controversial topic involves the extent to which the Federal Reserve should internalize climate risks into its purview. Before wading into central bank wonkishness, it is important to make clear that climate change represents a serious risk to not only the U.S. economy but to humanity itself. Nevertheless, we need to be very deliberate in the assessment of the available policy tools, with an eye to where unintended consequences may reside.
This year Rethinc. Labs joined the Duke Quantum Center and the IBM Quantum Hub at NC State to bring their Financial Services focus to the Triangle Quantum Computing Seminar Series. For our next discussion we welcome Dylan Herman, from the JPMorgan Chase Future Lab for Applied Research and Engineering (FLARE). The focus of the FLARE quantum program is to develop quantum algorithms for financial applications and quantum-resistant cryptographic solutions.
As a destination for both migration and business growth, North Carolina must reassess the capabilities of local entrepreneurial and small-business ecosystems to ensure that its diverse population of aspiring entrepreneurs and small-business owners has equitable access to opportunities.
Thought leaders, policymakers, business leaders, experts, government officials, researchers, scholars and other key stakeholders convene for a two-day event focused on the latest issues impacting the fintech ecosystem.