Stephen Ross is presently the Franco Modigliani Professor of Finance and Economics at the Sloan School of Management, Massachusetts Institute of Technology. One of the most widely published authors in finance and economics, Professor Ross is recognized for his work in developing the Arbitrage Pricing Theory, as well as for having made substantial contributions to the discipline through his research in signaling, agency theory, option pricing, and the theory of the term structure of interest rates, among other topics. A past president of the American Finance Association, he currently serves as an associate editor of several academic and practitioner journals. He is a trustee of CalTech, and a director of the College Retirement Equity Fund (CREF) and of GenRe Corporation. He is also the co-chairman of Roll and Ross Asset Management Corporation.

Randolph W. Westerfield is Dean of the University of Southern California's Marshall School of Business and holder of the Robert R. Dockson Dean's Chair of Business Administration.

From 1988 to 1993, Professor Westerfield served as the chairman of the School's finance and business economics department and the Charles B. Thornton Professor of Finance. He came to USC from The Wharton School, University of Pennsylvania, where he was the chairman of the finance department and member of the finance faculty for 20 years. He was the senior research associate at the Rodney L. White Center for Financial Research at Wharton. His areas of expertise include corporate financial policy, investment management and analysis, mergers and acquisitions, and stock market price behavior.

Professor Westerfield has served as a member of the Continental Bank trust committee, supervising all activities of the trust department. He has been consultant to a number of corporations, including AT &T, Mobil Oil and Pacific Enterprises, as well as to the United Nations, the U.S. Departments of Justice and Labor, and the State of California.

Bradford D. Jordan is Professor of Finance and Gatton Research Fellow at the University of Kentucky. He has a long-standing interest in both applied and theoretical issues in corporate finance, and he has extensive experience teaching all levels of corporate finance and financial management policy. Professor Jordan has published numerous articles on issue such as cost of capital, capital structure, and the behavior of security prices.