Financial Markets and Investments (Oxford University Press) and the H. Kent Baker Investments Series (Emerald Publishing). As one of the most prolific finance academics, he has published about 190 refereed academic journal articles and 125 practitioner-oriented articles appearing in such outlets as the Journal of Finance, Journal of Financial and Quantitative Analysis, Financial Management, Journal of Corporate Finance, Financial Analysts Journal, Journal of Portfolio Management, and Harvard Business Review. He has consulting and training experience with more than 100 organizations and has conducted more than 800 training programs in North America and Europe. He is the past president of the Southern Finance Association and its 2019 Distinguished Scholar. Professor Baker holds a BSBA from Georgetown University; an MEd, MBA, and DBA from the University of Maryland; and an MA, MS, and two PhDs from American University.
Greg Filbeck, CFA, FRM, CAIA, CIPM, PRM, is the Samuel P. Black III Professor of Finance and Risk Management at Penn State Behrend, and serves as the director for the Black School of Business. He formerly served as senior vice president of Kaplan Schweser and held academic appointments at Miami University and the University of Toledo, where he served as the Associate Director of the Center for Family Business. Professor Filbeck is an author/editor of 14 books and has published more than 100 refereed academic journal articles in the Financial Analysts Journal, Financial Review, and Journal of Business, Finance, and Accounting, among others. He is the former president of the CFA Society Pittsburgh. Professor Filbeck holds and conducts training worldwide for candidates for the CFA, FRM, and CAIA designations. Professor Filbeck holds a BS from Murray State University, an MS from Penn State University, and a DBA from the University of Kentucky.
Halil Kiymaz, CFA, is Bank of America Professor of Finance at the Crummer Graduate School of Business at Rollins College. Professor Kiymaz maintains an extensive research agenda focusing on international mergers and acquisitions, emerging capital markets, linkages among capital markets of developing economies, IPOs, and financial management of multinationals. Professor Kiymaz has authored or edited five books and has published more than 85 articles in scholarly and practitioner journals. His research has appeared in such outlets as the Journal of Banking and Finance, Financial Review, Global Finance Journal, Journal of Applied Finance, Journal of Economics and Finance, Review of Financial Economics, and Quarterly Journal of Business and Economics. He is the recipient of several research awards, including the McGraw-Hill Irwin Best Paper Award and the Outstanding Research Award at the Global Conference on Business and Finance. Professor Kiymaz also serves on the editorial boards of Journal of Emerging Markets and Journal of Economics, Business, and Finance. He is the former president of the Academy of Financial Services and finance editor of the International Journal of Emerging Markets. Professor Kiymaz received a BS in business administration from the Uludag University, an MBA, an MA in economics, and a PhD in financial economics from the University of New Orleans.
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
