About the Chapter Authors

      Elif Akben-Selçuk is an Associate Professor of Finance at at Gebze Technical University in Kocaeli, Turkey. She teaches undergraduate and graduate courses in accounting and financial management. Professor Akben-Selçuk's research interests include corporate finance, mergers and acquisitions, corporate governance, emerging markets, personal finance, and financial literacy. Her research has appeared in such outlets as Managerial Finance, International Journal of Bank Marketing, International Journal of Emerging Markets, Economics Bulletin, and Psychological Reports, among others. Professor Akben-Selçuk received a BA in business administration, an MA in economics, and a PhD in finance from Bogazici University in Istanbul, Turkey.

      Tom Barkley, CFA, FRM, CAIA, ERP, is a Professor of Finance Practice at the Whitman School of Management, Syracuse University, and the Director of the MS in Finance program. His teaching and research are in corporate finance and derivatives. He previously worked for Enron (Research Group) and the Risk Analytics Group at Florida Power & Light. In both cases, his work included pricing exotic options and structuring products for use in the energy markets. Other experience includes retail banking in the United Kingdom, teaching high school mathematics in the Bahamas, and general management of a family-run publishing company. He received an MBA from Thunderbird, the American Graduate School of International Management, and a PhD in finance from the University of Florida.

      Christopher J. Barnes, CFA, is a vice president in Deutsche Bank's equity research group on its North America consumer staples team covering the beverages, household and personal care products, food, and tobacco industries. He has broad-based consumer sector experience assessing public equity securities. Before joining Deutsche Bank, he evaluated the hardlines, grocery, and broadlines retailing sectors, along with the media and entertainment sectors, at Telsey Advisory Group. He also analyzed the consumer leisure sector at Oppenheimer & Co. Mr. Barnes received a BBA in finance with high honors from Hofstra University.

      Onur Bayar is an Associate Professor of Finance at the University of Texas at San Antonio. Professor Bayar's research interests are in corporate finance, entrepreneurial finance and venture capital, and market microstructure. He has published in Journal of Financial Economics, Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Review of Corporate Finance Studies, and Financial Management, among others. Professor Bayar received an MS in financial economics from Carnegie Mellon University and a PhD in finance from Boston College.

Nicholas Biasi is an independent financial consultant. Mr. Biasi was an analyst for the Student Management Investment Fund at Hofstra University, where he performed research on various asset classes and recommended investments to the Board of Directors. He is a CFA Level 2 candidate and is also pursuing an MS in finance. He holds a BS in finance from the Frank G. Zarb School of Business at Hofstra University.

      Emmanuel Boutron is an Associate Professor of Finance at Paris Nanterre University and also at the École des Ponts ParisTech. His research focuses on the financing of growth firms, especially on initial public offerings of small and medium-sized firms. He has published in several academic journals and book chapters. Professor Boutron is involved in continuing education programs for managers at the Institute de Haute Finance in Paris. He holds an MS in finance from Lorraine University and received a PhD in finance from Paris Nanterre University.

      Jay T. Brandi is a Professor and Chair of the Department of Finance at the College of Business, University of Louisville. Before beginning his academic career, he served as both the Assistant Director of Securities and Securities Investigation Supervisor for the Division of Securities. He also was a lobbyist for the Comptroller of the State of Florida. Professor Brandi's research primarily focuses on securities issues, investments, and portfolio management. His research appears in the Journal of Legal Economics, Journal of International Finance, Journal of Investing, Labor Law Journal, and Journal of American Entrepreneurship, among others. Professor Brandi has also authored finance texts, including Corporate Finance: Foundations of Value Optimization and Survival, Essential Corporate Finance, and Money Management and Personal Finance. He received a PhD in finance with a minor in law from the University of Arizona.

      Alain Coën is a Professor of Finance at the Graduate School of Business (ESG) of the University of Québec in Montréal (UQAM). Before joining ESG-UQÀM, he was an Associate Professor of Finance at the EDHEC School of Management. His research interests focus on asset pricing, international finance, hedge funds, real estate investment trusts, business cycles, and financial econometrics. Professor Coën has published in the Journal of Banking and Finance, Journal of International Money and Finance, Journal of Empirical Finance, Journal of Financial Research, Economics Letters, Finance Research Letters, and Real Estate Economics. He has also written a book in financial management. He holds an MA in economics from Laval University, a Master in Management from ESSCA and accreditations to supervise research (HDR in Management) from Paris Dauphine University and (HDR in Economics) from the University of Paris I Panthéon-Sorbonne. Professor Coën has a PhD in finance from the University of Grenoble and a PhD in economics from the University of Paris I Panthéon-Sorbonne.

Douglas Cumming, CFA, is the DeSantis Distinguished Professor of Finance and Entrepreneurship at the College of Business, Florida Atlantic University. He has published over 180 articles in leading refereed academic journals such as the Academy of Management Journal, Journal of Financial Economics, and Review of Financial Studies. Professor Cumming is the Managing Editor-in-Chief of the Journal of Corporate Finance (January 2018–December 2020), and the incoming Managing Editor-in-Chief of the British Journal of Management (January 2020–December 2022). He is the Founding Editor of Annals of Corporate Governance (January 2016–current). Professor Cumming has published 18 academic books. His work has been reviewed in numerous media outlets, including the Chicago Tribune, The Economist, The New York Times, The Wall Street Journal, The Globe and Mail, Canadian Business, National Post, and The New Yorker. Professor Cumming holds a BCom in economics and finance from McGill University, an MA in economics from Queen's University, and a JD and PhD from the University of Toronto.

      Somnath Das is Professor and Coordinator of the Doctoral Program in Accounting at the University of Illinois at Chicago. Previously, he was on the faculty at University of California–Berkeley's Haas School of Business. His research focuses