Andrew H. Chen is Distinguished Professor of Finance at the Edwin L. Cox School of Business at Southern Methodist University. Prior to joining SMU, he taught at the Ohio State University, University of California at Berkeley, and the State University of New York at Buffalo. Dr. Chen’s research has spanned a wide variety of fields including bank management and regulation, deposit insurance, derivatives pricing and regulation, corporate financial policy, and corporate pension strategy. He has edited and co-authored several books, and his more than 90 scholarly articles have appeared in journals such as the Journal of Finance, the Journal of Financial Economics, the Journal of Business, and the Journal of Banking and Finance. Dr. Chen has served as chairman and director of several financial institutions and corporations. He has been a consultant to law firms, banks, corporations, and government agencies; he has also testified as an expert witness in many utility rate proceedings and litigation cases involving valuation and options strategy. In addition to having been a visiting scholar at prominent universities in Hong Kong, Singapore, and Taiwan, Dr. Chen has been elected a Director of the Asia-Pacific Finance Association. Currently, he also serves as the Editor of Research in Finance, a Managing Editor of the International Journal of Theoretical and Applied Finance, and the Vice President of Programs for the 1999 Annual Meetings of the Financial Management Association, International. He holds a bachelor’s degree in economics from the National Taiwan University, and an M.A. in economics and Ph.D. in finance from the University of California at Berkeley.