About the original authors

Zvi Bodie is Professor of Finance and Economics at Boston University, School of Management. He holds a Ph.D from the Massachusetts Institute of Technology and has served on the finance faculty at the Harvard Business School and MIT’s Sloan School of Management. Professor Bodie has published widely on pension finance and investment strategy in leading professional journals. His books include Foundations of Pension Finance, Pensions in the U.S. Economy, Issues in Pension Economics, and Financial Aspects of the U.S. Pension System. His textbook, Investments, is the market leader and is used in the certification programs of the Financial Planning Association and the Society of Actuaries. His textbook Finance is coauthored by Nobel Prize winning economist, Robert C. Merton. Professor Bodie is a member of the Pension Research Council of the Wharton School, University of Pennsylvania. His latest book is Worry Free Investing: A Safe Approach to Achieving Your Lifetime Financial Goals.

Alex Kane is Professor of Finance and Economics at the Graduate School of International Relations and Pacific Studies at the University of California, San Diego. He has been visiting professor at the Faculty of Economics, University of Tokyo; Graduate School of Business, Harvard; Kennedy School of Government, Harvard; and research associate, National Bureau of Economic Research. An author of many articles in finance and management journals, Professor Kane’s research is mainly in corporate finance, portfolio management, and capital markets, most recently in the measurement of market volatility and pricing of options.

Alan J. Marcus is Professor of Finance in the Wallace E. Carroll School of Management at Boston College. He received his Ph.D. in economics from MIT. Professor Marcus has been a visiting professor at the Athens Laboratory of Business Administration and at MIT’s Sloan School of Management and has served as a research associate at the National Bureau of Economic Research. Professor Marcus has published widely in the fields of capital markets and portfolio management. His consulting work has ranged from new product development to provision of expert testimony in utility rate proceedings. He also spent two years at the Federal Home Loan Mortgage Corporation (Freddie Mac), where he developed models of mortgage pricing and credit risk. He currently serves on the Research Foundation Advisory Board of the CFA Institute.

About the local authors

Professor Mohamed Ariff obtained his PhD from The University of Queensland. He holds a Chair in Finance at Deakin University. He won several fellowship/scholarship awards tenable at leading universities, including Harvard University, The University of Melbourne and Tokyo University. He has also provided leadership and service to the finance discipline as a founder of the Asian Finance Association, and during 2004-2006 was its elected President. His publications in finance, taxation and banking cover several markets in Asia and Australia. These articles published in leading journals are widely cited. He is also an author of a number of research monographs in finance and taxation. He has consulted for international organisations, and is a member of the board of INCEIF, a university in Malaysia. He also holds the position of Visiting Chair at the University of Putra Malaysia.

Associate Professor Raymond da Silva Rosa graduated from The University of Western Australia, where he is currently an Associate Professor of Finance. Raymond wrote his PhD thesis on the share market consequences of mergers and acquisitions (M&As) and maintains a continuing research interest in this area. One of his other research interests is behavioural finance. He is currently investigating, with BT Financial, a financial services organisation, the factors influencing investors’ choice of managed fund. He has won three competitive Australian Research Council research grants relating to M&As, including a current grant on the role of company directors in M&As, and has written commissioned reports and served as an expert witness in federal court cases involving takeover bids. He lectures on M&As to MBA classes at Melbourne Business School, The University of Melbourne and at UWA Business School. Raymond has also lectured in accounting and finance units at The University of Sydney and within the Executive MBA program at the Australian Graduate School of Management.