Corporate Finance

David Hillier is a professor of Finance at the University of Strathclyde. Professor Hillier has published a wide range of peer-reviewed academic articles on corporate governance, insider trading, asset pricing, precious metals, auditing, and market microstructure. His research has attracted an ANBAR citation and a best paper prize from one of the top governance and management journals in Southeast Asia. He is on the editorial board and reviews for many of the world's top governance journals. Professor Hillier is an established teacher of executive programmes and has conducted courses for a variety of professional clients, including The World Bank and the UK National Health Service.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 and his 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, a director of the College Retirement Equity Fund (CREF), and Freddie Mac. He is also the co-chairman of Roll and Ross Asset Management Corporation.Randoloph W. Westerfield is Dean of the Marshall School of Business at University of Southern California and holder of the Robert R. Dockson Dean s Chair of Business Administration. From 1988-93, 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