The Barry Hall Research Colloquium Series provides a forum in Barry Hall to present research, discuss ideas, and share feedback. The Colloquium is open to researchers, practitioners, and students from within the NDSU Community and beyond. The presented projects can be at any stage - from early stage to final stage (and anything in between). The Colloquium series is administered by the AIS Dept. Research Committee.
You are invited to participate in the Barry Hall Colloquium Series which will be held on select Fridays from 12:30-1:20pm in BH 126. We have the following presentation slots, which will be allocated on a first-come, first-serve bases.
March 29: Title: De-risking DB Pension or Not? Facts from U.S. Empirical Data.
Authors: Ruilin Tian, Jeffrey (Jun) Chen and Limin Zhang.
Abstract: This paper investigates de-risking activities of U.S. defined benefit (DB) pension plans using empirical data from 1993 to 2018. We identify multiple avenues for pension risk reduction by expanding the scope of de-risking to shift, freeze, termination, buyout, buyin, and longevity hedge. We find heterogeneity in de-risking behaviors across different industries. Our empirical results indicate that active management of pension risk contributes to the firm value. In addition, the firms with smaller size, less tangible assets, higher return volatility, or lower profitability are more likely to de-risk their pension plans. Furthermore, we propose two theoretical models to verify the soundness of plans’ empirical de-risking activities. The theoretical models can provide ex ante strategic suggestions to the DB firms that plan to conduct de-risking.
April 12: Linlin Chai, Assistant Professor of Marketing
If you have questions about the colloquia please contact Dr. Bonnie Klamm, firstname.lastname@example.org