Anil Shivdasani
	Wachovia 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

“How Do Pensions Affect Corporate Capital Structure Decisions?” with Irina Stefanescu “Going Public to Acquire? The Acquisition Motive in IPOs” with Merih Sevilir and Ugur Celiyut “Sovereign Wealth Funds: A Growing Force in Corporate Finance” with Shams Butt, Carsten Stendevad and Ann Wyman	Forthcoming Forthcoming 2008	Review of Financial Studies Journal of Financial Economics 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

Working Papers

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

“Do Firms Use Commercial Paper to Enhance Financial Flexibility?” with Matthias Kahl and Yihui Wang

“Why Are Takeover Premiums Dropping?” with Dinara Bayazitova and Sergey Sanzhar

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

Appointments

Associate Editor		Journal of Finance
Associate Editor		Financial Management
Associate Editor		Review of Financial Economics
Associate Editor		Journal of Corporate Ownership and Control
Director		Financial Management Association
Member, Program Committee	2005-2009	Western Finance Association

Awards

Best Professor Award, MBA for Executives Program	2006	Kenan-Flagler Business School
Teaching STAR Recognition, MBA Program	2003-2006	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