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Anil Shivdasani

Wells Fargo Distinguished Professor of Finance

 

Contact Information

Address:

Kenan-Flagler Business School

 

The University of North Carolina at Chapel Hill

 

Chapel Hill, NC  27599-3490

 

Office:

McColl 4206

Phone:

919.962.6124

 

 

           Published Papers

Activism Mergers with Nickolay Gantchev and Nicole M. Boyson

Forthcoming

Journal of Financial Economics.

Short-term Debt as Bridge Financing: Evidence from the Commercial Paper Marketwith Matthias Kahl and Yihui Wang

Forthcoming

Journal of Finance

The Art of the MegaDealwith Ajay Khorana

2013

Harvard Business Review

“Managing Pension Risks: A Corporate Finance Perspective” with Gabriel Kimyagarov

Forthcoming

Journal of Applied Corporate Finance

Do you know your cost of capital?with Michael Jacobs

2012

Harvard Business Review

Venture Capitalists on Boards of Mature Public Firmswith Ugur Celikyurt and Merih Sevilir

 

2012

 

Review of Financial Studies

Assessing TARP with Dinara Bayazitova

 2012

Review of Financial Studies

Spinoffs: Tackling the Conglomerate Discount”, with Ajay Khorana, Carsten Stendevad, and Sergey Sanzhar,

2011

Journal of Applied Corporate Finance

“Did Structured Credit Fuel the LBO Boom?” with Yihui Wang

2011

Journal of Finance

“Breaking Down the Barriers: Competition, Syndication Structure, and Underwriting Incentives”, with Wei-Ling Song

2011

Journal of Financial Economics

“How an IPO Helps in M&A”, with Ugur Celikyurt and Merih Sevilir

2010

Journal of Applied Corporate Finance

“How Do Pension Plans Affect Corporate Capital Structure Decisions”, with Irina Stefanescu

2010

Review of Financial Studies

 “Going Public to Acquire?  The Acquisition Motive in IPOs” with Merih Sevilir and Ugur Celiyut

·         JFE Lead article

2010

Journal of Financial Economics

Sovereign Wealth Funds: A Growing Force in Corporate Finance” with Shams Butt, Carsten Stendevad and Ann Wyman

2008

Journal of Applied Corporate Finance

Financial Fraud, Director Reputation, and Shareholder Wealth” with Eliezer Fich

·         Jensen Prize for Best Paper Published in Journal of

           Financial Economics, 2007

2007

Journal of Financial Economics

The Return of the Recap: Achieving Private Equity Benefits as a Public Company” with Adrian Zak

2007

Journal of Applied Corporate Finance

Are Busy Boards Effective Monitors?” with Eliezer Fich

2006

Journal of Finance

How to Choose a Capital Structure: Navigating the Debt-Equity Decision” with Marc Zenner

2005

Journal of Applied Corporate Finance

Creating Value with Mergers and Acquisitions” with Todd Hazelkorn and Marc Zenner

2005

Journal of Applied Corporate Finance

Best Practices in Corporate Governance: What Two Decades of Research Reveals” with Marc Zenner

2005

Journal  of Applied Corporate Finance

Do Boards Affect Performance?  Evidence from Corporate Restructuring” with Tod Perry

2005

Journal of Business

The Impact of Stock-Option Compensation for Outside Directors on Firm Value” with Eliezer Fich

2004

Journal of Business

Divestitures and Divisional Investment Policies” with Amy Dittmar

2003

Journal of Finance

Valuation Effects of Bank Financing in Acquisitions” with Anu Bharadwaj

2003

Journal of Financial Economics

Leverage and Internal Capital Markets: Evidence from Leveraged Recapitalizations” with Urs Peyer

2001

Journal of Financial Economics

Banks, Ownership Structure, and Firm Value in Japan” with Randall Morck and Masao Nakamura

2000

Journal of Business

The Effect of Bank Relations on Investment Decisions: An Investigation of Japanese Takeover Bids” with Jun-Koo Kang and Takeshi Yamada

2000

Journal of Finance

CEO Involvement in the Selection of New Board Members: An Empirical Analysis” with David Yermack

§  Nominated for Brattle Award for Best Corporate Finance

               Paper in Journal of Finance

1999

Journal of Finance

Alternative Mechanisms for Corporate Governance in Japan: An Analysis of Independent and Bank-Affiliated Firms” with Jun-Koo Kang

1998

Pacific-Basin Finance Journal

Corporate Restructuring During Performance Declines in Japan” with Jun-Koo Kang

1997

Journal of Financial Economics

“Independent Boards Enhance Target Shareholder Wealth During Tender Offers”

1997

Directorship

Do Independent Directors Enhance Target Shareholder Wealth During Tender Offers?” with James Cotter and Marc Zenner

§ Journal of Financial Economics All Star Paper

1997

Journal of Financial Economics

“Board Composition and Corporate Control: Evidence from the Insurance Industry” with David Mayers and Clifford W. Smith, Jr.

1997

Journal of Business

Does the Japanese Governance System Enhance Shareholder Wealth?  Evidence from the Stock-Price Effects of Top Management Turnover” with Jun-Koo Kang

1996

Review of Financial Studies

Firm Performance, Corporate Governance, and Top Executive Turnover in Japan” with Jun-Koo Kang

1995

Journal of Financial Economics

Board Composition, Ownership Structure, and Hostile Takeovers

1993

Journal of Accounting and Economics

 

 

Appointments

Associate Editor

North American Journal of Economics and Finance

Research Fellow,

 

Center for Corporate Governance,
Drexel University

Associate Editor

2007-2012

Journal of Finance

Associate Editor

2007-2012

Financial Management

Associate Editor

Review of Financial Economics

Associate Editor

 

Journal of Corporate Ownership and Control

Director

2010-2012

Financial Management Association

Member, Program Committee

2005-2013

Western Finance Association

Director

2001-2003

National Association of Corporate Directors, Research Triangle chapter

 

 

Awards

Bullard Research Impact Award

2013

Kenan-Flagler Business School

Best Professor Award, MBA for Executives Program

2006

Kenan-Flagler Business School

Teaching STAR Recognition, MBA Program

2003-2006, 2010, 2012, 2013

Kenan-Flagler Business School

Technology Deal of the Year: IBM and PwC Consulting

2002

Investment Dealer Digest

Most Creative Deal of the Year: IBM and PwC Consulting

2002

Citigroup

Executive MBA Teaching Award

1999

Kenan-Flagler Business School

Sarah Graham Kenan Distinguished Scholar Award for Excellence in Research and Teaching

1999

Kenan-Flagler Business School

‘Outstanding Professor’ in Teaching Performance Citation

1997

Business Week’s Guide to the Best Business Schools