Robert Parrino is the Lamar Savings Centennial Professor of Finance in the McCombs School of Business, University of Texas at Austin. He is the Associate Editor of the "Journal of Corporate Finance" and the "Journal of Financial Research." He has experience in the application of corporate fi nance concepts in a variety of business situations and researches corporate governance, fi nancial policies, restructuring, mergers and acquisitions, and private equity markets.David S. Kidwell is Professor of Finance and Dean Emeritus at the Curtis L. Carlson School of Management, University of Minnesota. He has over 30 years' experience in fi nancial education, as a teacher, researcher and administrator. He has published in leading journals such as "Journal of Finance," "Journal of Financial Economics," "Journal of Financial and Quantitative Analysis," "Financial Management" and "Journal of Money," "Credit and Banking."Hue Hwa Au Yong is Lecturer in the Department of Accounting and Finance at Monash University. Prior to this, she completed her PhD in the area of risk management at Monash University. Her research has been published in several international peer-reviewed journals including "Journal of International Financial Markets, Institutions and Money" and "International Review of Financial Analysis." She specialises in teaching corporate fi nance. In 2009, she was awarded the Faculty of Business and Economics Dean's Commendation for Outstanding Teaching.Nigel Morkel-Kingsbury is Associate Lecturer in the Department of Accounting and Finance at Monash University. Prior to this, he worked as a research assistant for the Finance and Capital Markets Research Group at Edith Cowan University and as a business banker for the Bank of Western Australia. His research interests relate to central bank transparency, monetary policy, corporate finance and financial databases.Michael Dempsey is Associate Professor in the Department of Accounting and Finance at Monash University. Prior to this, he was at Griffi th University, having previously been at Leeds University in the United Kingdom. He also has many years experience working for the petroleum exploration industry in the Middle East, Egypt, Aberdeen and London. His teaching responsibilities have primarily been in corporate and investment fi nance, international fi nance, derivatives and fi nancial engineering. He is an active researcher and research supervisor in the area of fi nancial markets and the formation of asset prices, in which he has published and refereed journal articles.James Murray is Associate Lecturer in the Department of Accounting and Finance at Monash University. Prior to this, he was a tutor and Honours student at Lincoln University in New Zealand. His research interests relate to corporate fi nance with an emphasis on the interplay between fi nancing dividend and investment decisions in the operation of dividend reinvestment plans.