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Market-Based Solutions to Vital Economic Issues

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Kenan Institute 2024 Grand Challenge: Business Resilience
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Market-Based Solutions to Vital Economic Issues

Entrepreneurship

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While the literature highlights the benefits of internally redeploying resources, there is less empirical guidance on which resources are most likely to be redeployed. We examine the relationship between inventor characteristics and redeployment decisions, motivated by the tension between costs and benefits of keeping a resource at the source unit versus moving it to a new target unit.

More than four years since the start of the COVID-19 pandemic, we examine the essential elements that build small-business resilience, emphasizing the importance of personal fortitude and intangible resources in ensuring business survival.

Join NCGrowth for the South Carolina Small Rural Business Workshop in Walterboro, S.C., on Saturday, July 27, from 10 a.m. to 4 p.m. EDT.

This study builds on the knowledge spillover theory of entrepreneurship to examine the factors that influence the decision of latent entrepreneurs to move from opportunity recognition to opportunity exploitation and emergent entrepreneurship.

Kenan Institute Distinguished Fellow Kathleen Sutcliffe of Johns Hopkins University discusses adventure racing and how it ties into our 2024 Grand Challenge, Business Resilience.

This paper investigates the causal impact of entrepreneurs' prior experience on startup success. Employing within-country changes in Green Card wait lines to instrument for immigrant first-time entrepreneurs' experience, we uncover that startups led by more experienced founders demonstrate superior funding, patenting, and employee growth.

We investigate claims that the complexity of the tax system discourages entrepreneurship. We use the implementation of tax filing assistance centers, which help entrepreneurs file their taxes, as sources of plausibly exogenous variation in the tax complexity effectively facing potential entrepreneurs.

UNC Kenan-Flagler Business School's Kenan Institute of Private Enterprise will launch the Luther Hodges Scholars program in fall 2023, thanks to a naming gift from Carolina alumnus Luther Hodges.

Academics and innovators recently convened at the institute's wealth inequality conference to discuss the effects of income disparity and how education and research can create opportunities for more equitable access. 

UNC Kenan-Flagler Assistant Professor Tim Kundro fields questions concerning how managers and firms can best foster a healthy working environment.

Crowdsourcing as a mechanism of open innovation is a popular way for organizations to solicit ideas from external agents. Our research focuses on the relationship between examples in problem statements provided to a crowd and the subsequent number of ideas submitted by the crowd.

Theories of crowdsourced search suggest that firms should limit the search space from which solutions to the problem may be drawn by constraining the problem definition. In turn, problems that are not or cannot be constrained should be tackled through other means of innovation. We propose that unconstrained problems can be crowdsourced, but firms need to govern the crowds differently.