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Conference Organizers

Paolo Fulghieri and Anil Shivdasani
University of North Carolina at Chapel Hill
Kenan-Flagler Business School


Conference Venue

Teton Mountain Lodge
3385 West Village Drive, PO Box 564
Teton Village, WY 83025

Preliminary Program
Thursday, January 25
6:00pm Welcome reception (cash bar, hotel bar)


Friday, January 26
7.30am – 8:30am Breakfast and Session 1 (Cody Room)


Camelia Kuhnen (Kellogg) and Jeffrey Zwiebel (Stanford)
Executive pay, hidden compensation, and managerial entrenchment.


5.30pm – 7:15pm Session 2: Matthew Spiegel, (Yale), Session moderator (Cody Room)


Anil Shivdasani (UNC), Merih Sevilir (UNC) and Ugur Celikyurt (UNC)
Going Public to Acquire: The Acquisition Motive for IPOs


Deborah Lucas (Kellogg) and Stephen Zeldes (Columbia)
Valuing and Hedging Defined Benefit Pension Obligations – The Role of Stocks Revisited


7:30pmDinner (Teton Room)

Saturday, January 27
7.30am – 8:30am Breakfast and Session 3 (Teton Room


Eric Ghysels (UNC) and Rossen Valkanov (UCSD),
“Risk Management with an Abundance of Data: V@Rs at Various Horizons”


5.30pm – 7:15pm Session 4: Paolo Fulghieri (UNC), Session moderator (Teton Room)


Janice Eberly, Sergio Rebelo, and Nicolas Vincent (Kellogg),
*Investment, cash flow and value: A neoclassical benchmark.*


Espen Eckbo and Karin Thorburn (Dartmouth)
.*The Toehold Puzzle*.


Paper presentations: 20 min.

Group discussions: 20 min.

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