Acknowledgement

Acknowledgement

The help of the following scholars in refereeing the papers submitted to this Journal between 27 October 2000 and 20 September 2001 is gratefully acknowledged:

A.ABHYANKAR, University of Warwick, Coventry, UK

V.ACHARYA, Stern School of Business, New York University, New York, NY, USA L.F. ACKERT, Kennesaw State University, Kennesaw, GA, USA

B.ADAMS, Department of Justice, Antitrust Division, Washington, DC, USA J.F. AFFLECK-GRAVES, Florida State University, Tallahassee, FL, USA R.AGGARWAL, Georgetown University, Washington, DC, USA I.S. ALAM, Tulane University, New Orleans, LA, USA

M.J. ALEXANDER, University of Minnesota, Minneapolis, MN, USA

L.ALLEN, Baruch College, City University of New York, New York, NY, USA Y.ALTUNBAS, University of Wales, Bangor, Gwynedd, North Wales, UK D.F. AMEL, Board of Governors, Federal Reserve System, Washington, DC, USA B.AMOAKU-ADU, Wilfrid Laurier University, Waterloo, Ont., Canada

R.G.ANDERSON, Federal Reserve Bank of St.Louis, St.Louis, MO, USA J.S. ANG, Florida State University, Tallahassee, FL, USA

R.A. ARIEL, Baruch College, The City University of New York, New York, NY, USA B.ARSHANAPALLI, Indiana University Northwest, Gary, IN, USA

P.ASQUITH, Massachusetts Institute of Technology (MIT), Cambridge, MA, USA O.F. AYADI, Fayetteville State University, Fayetteville, NC, USA

W.BAILEY, Cornell University, Ithaca, NY, USA

B.BALACHANDRAN, Monash University, Melbourne, Vict., Australia P.BALDUZZI, Carroll School, Boston College, Boston, MA, USA T.G. BALI, City University of New York, New York, NY, USA

E.BALTENSPERGER, Volkswirtschaftliches Institut, Universit}at Bern, Bern, Switzerland A.BANDOPADHYAYA, University of Massuchusetts, Boston, MA, USA

J.R. BARBER, Florida International University, Miami, FL, USA M.BARDOS, Banque de France, Paris, France

E.BARONE, Istituto Mobiliare Italiano, Rome, Italy

B.BARRY, M.J.Neeley School of Business, Texas Christian University, Fort Worth, TX, USA S.BHATTACHARYA, The London School of Economics, London, U.K.

L.BECCHETTI, UniversitaÁ di Tor Vergata, Rome, Italy S.BECKERS, WestAM, London, UK

A.N. BERGER, Board of Governors, Federal Reserve System, Washington, DC, USA M.BERLIN, Federal Reserve Bank of Philadelphia, Philadelphia, PA, USA

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G.BERTOLA, European University Institute, Fiesole, FI, Italy G.BIERWAG, University of Arizona, Tucson, AZ, USA

J.A. BIKKER, De Nederlandsche Bank, Amsterdam, The Netherlands R.BILLINGLEY, Virginia Polytechnic Institute, Blacksburg, VA, USA R.R. BLISS, Federal Reserve Bank of Chicago, Chicago, IL, USA J.BLUM, Swiss National Bank, Zurich, Switzerland

G.M. BODNAR, Johns Hopkins University, Baltimore, MD, USA K.A. BOROKHOVICH, Cleveland State University, Cleveland, OH, USA T.BRAILSFORD, University of Melbourne, Melbourne, Vict., Australia E.BREWER III, Federal Reserve Bank of Chicago, Chicago, IL, USA K.C. BROWN, University of Texas at Austin, Austin, TX, USA

S.J. BROWN, Stern School of Business, New York University, New York, NY, USA J.CADLE, The University of Birmingham, Edgbaston, Birmingham, UK

P.CALEM, Board of Governors, Federal Reserve System, Washington, DC, USA R.CANTOR, Moody's Investors Service, New York, NY, USA

M.S. CAREY, Federal Reserve Board, Washington, DC, USA K.A. CAROW, Indiana University, Indianapolis, IN, USA D.A. CARTER, Oklahoma State University, Stillwater, OK, USA

K.S. CAVALLUZZO, School of Business, Georgetown University, Washington, DC, USA J.M.R. CHALMERS, University of Oregon, Eugene, OR, USA

T.W. CHAMBERLAIN, McMaster University, Hamilton, Ont., Canada

Y.-S. CHAN, The Hong Kong University of Science and Technology, Hong Kong, China E.C. CHANG, The University of Hong Kong, Hong Kong

C.R. CHEN, The University of Dayton, Dayton, OH, USA J.J. CHOI, Temple University, Philadelphia, PA, USA W.G. CHRISTIE, Vanderbilt University, Nashville, TN, USA Y.P. CHUNG, University of California, Riverside, CA, USA

K.H. CHUNG, The State University of New York at Bu€alo, Bu€alo, NY, USA S.CLAESSENS, The World Bank, Washington, DC, USA

A.CLARE, Bank of England, London, UK

E.CLEMONS, University of Pennsylvania, Philadelphia, PA, USA R.A. COLE, Employment Policies Institute, Washington, DC, USA J.CONRAD, The University of North Carolina, Chapel Hill, NC, USA M.M. CORNETT, Southern Illinois University, Carbondale, IL, USA C.J. CORRADO, University of Missouri, Columbia, MO, USA

T.F. COSIMANO, The University of Notre Dame, Notre Dame, IN, USA

D.COSSIN, Ecole des Hautes Etudes Commerciales, Lausanne-Dorigny, Switzerland D.COVITZ, Federal Reserve System, Washington, DC, USA

A.R. COWAN, Iowa State University, Ames, IA, USA M.CROUHY, CIBC, Toronto, Canada

J.D. CUMMINS, University of Pennsylvania, Philadelphia, PA, USA D.CUOCO, University of Pennsylvania, Philadelphia, PA, USA K.B. CYREE, University of Southern Mississippi, Hattiesburg, MS, USA E.M. DABORA, Morgan Stanley & Co, New York, NY, USA

D.DAHL, Utah State University, Logan, UT, USA

J.DANIELSSON, London School of Economics, London, UK R.DAS, Harvard Business School, Boston, MA, USA

W.N. DAVIDSON III, Southern Illinois University, Carbondale, IL, USA O.DE BANDT, Banque de France, Paris, France

G.DE LONG, Baruch College, The City University of New York, New York, NY, USA F.A. DE ROON, Tilburg University, Tilburg, The Netherlands

R.P. DE GENNARO, Stokely Management Center, University of Tennessee, Knoxville, TN, USA D.J. DENIS, Purdue University, West Lafayette, IN, USA

J.DERMINE, INSEAD, Fontainebleau, France

K.DEWENTER, University of Washington, Seattle, WA, USA R.DEYOUNG, Federal Reserve Bank of Chicago, Chicago, IL, USA

U.S. DHILLON, State University of New York at Binghamton, Binghamton, NY, USA J.D. DILTZ, University of Texas, Arlington, TX, USA

G.DISSANAIKE, University of Cambridge, Cambridge, UK D.S. DOCKING, Northern Illinois University, DeKalb, IL, USA A.DAMODARAN, New York University, New York, NY, USA J.DOUKAS, Old Dominion University, Norfolk, VA, USA

L.DRAKE, Loughborough University of Technology, Loughborough, UK D.DUBOFSKY, Virginia Commonwealth University, Richmond, VA, USA M.DUBOIS, Universite de NeuchaÃtel, NeuchaÃtel, Switzerland

J.V. DUCA, Federal Reserve Bank of Dallas, Dallas, TX, USA G.DUFFEE, University of California, Berkeley, CA, USA M.EAKER, University of Virginia, Charlottesville, VA, USA A.EBERHART, Georgetown University, Washington, DC, USA L.H. EDERINGTON, The University of Oklahoma, Norman, OK, USA R.EISENBEIS, University of North Carolina, Chapel Hill, NC, USA R.ELSAS, W.Goethe-UniversitaÈt Frankfurt, Frankfurt, Germany E.J. ELTON, New York University, New York, NY, USA E.ELYASIANI, Temple University, Philadelphia, PA, USA T.ENGSTED, The Aarhus School of Business, Aarhus, Denmark V.R. ERRUNZA, McGill Universtity, Montreal, Canada P.ESPAHBODI, Western Illinois University, Macomb, IL, USA S.ESTRIN, London Business School, London, UK

C.S. EUN, University of Maryland, College Park, MD, USA

E.FALKENSTEIN, Deephaven Capital Management, Minnetonka, MN, USA G.FERRI, The World Bank, Washington, DC, USA

S.P. FERRIS, School of Business and Public Administration, University of Missouri-Columbia, Columbia, MO, USA

S.FIGLEWSKI, Stern School of Business, New York University, New York, NY, USA M.FIRTH, The Hong Kong Polytechnic University, Hong Kong, China

M.FLANNERY, University of Florida, Gainesville, FL, USA S.M. FORBES, Georgia Southern University, Stateboro, GA, USA D.FRASER, Texas A&M University, College Station, TX, USA H.FRIED, Union College, Schenectady, NY, USA

P.FULGHIERI, INSEAD, Fontainebleau, France K.FULLER, The University of Georgia, Athens, GA, USA A.K.-W. FUNG, Hong Kong Baptist University, Hong Kong, China

F.T. FURLONG, Federal Reserve Bank of San Francisco, San Francisco, CA, USA D.GALAI, Hebrew University of Jerusalem, Jerusalem, Israel

J.G. GALLO, University of Nevada, Reno, NV, USA A.GANDE, Vanderbilt University, Nashville, TN, USA T.GAST, Amsterdam, The Netherlands

G.GEMMILL, City University Business School, London, UK M.GERETY, Northern Arizona University, Flagsta€, AZ, USA A.GILBERT, Federal Reserve Bank, St.Louis, MO, USA L.GOLDBERG, University of Miami, Coral Gables, FL, USA C.GOODHART, London School of Economics, London, UK

M.GORDY, Federal Reserve System, Washington DC, USA C.GRIEP, Standard & Poor's Corporation, New York, NY, USA

M.D. GRIFFITHS, The American Graduate School of International Management, Glendale, AZ, USA

D.M. GROPPER, Auburn University, Auburn, AL, USA R.GROSSE, University of Miami, Coral Gables, FL, USA M.GRUBER, New York University, New York, NY, USA J.W. GUNTHER, Federal Reserve Bank of Dallas, Dallas, TX, USA C.J. HADLOCK, Michigan State University, East Lansing, MI, USA D.HANCOCK, Federal Reserve Board, Washington, DC, USA K.W. HANLEY, University of Maryland, College Park, MD, USA P.HARTMANN, European Central Bank, Frankfurt am Main, Germany C.R. HARVEY, Duke University, Durham, NC, USA

J.HASBROUCK, New York University, New York, NY, USA R.B.H. HAUSWALD, Indiana University, Bloomington, IN, USA S.A. HEFFERNAN, City University Business School, London, UK S.P. HEGDE, University of Connecticut, Storrs, CT, USA E.HOTCHKISS, Boston College, Chestnut Hill, MA, USA J.F. HOUSTON, Universtity of Florida, Gainesville, FL, USA J.S. HOWE, Louisiana State University, Baton Rouge, LA, USA G.HUBNER, Universite de LieÁge, Liege, Belgium

J.P. HUGHES, Rutgers University, New Brunswick, NJ, USA H.HUIZINGA, Tilburg University, Tilburg, The Netherlands D.HUMPHREY, Federal Reserve Bank, Richmond, CA, USA A.IBAÂNÄEZ, ITAM, Col.Tizapan-San Angel, Mexico, D.F. Mexico I.ISIK, New Jersey Institute of Technology, Newark, NJ, USA

W.E. JACKSON III, University of North Carolina-Chapel Hill, Chapel Hill, NC, USA T.JACOBSON, Bank of Sweden, Stockholm, Sweden

B.JACQUILLAT, Universite de Paris Dauphine, Paris, France D.JAFFEE, University of California, Berkeley CA, USA J.S. JAHERA Jr., Auburn University, Auburn, AL, USA

J.V. JORDAN, National Economic Research Associates, Washington, DC, USA T.JAPPELLI, Napoli, Italy

G.JENSEN, Northern Illinois University, DeKalb, IL, USA S.A. JOHNSON, Louisiana State University, Baton Rouge, LA, USA J.V. JORDAN, George Washington University, Washington, DC, USA F.R. KAEN, University of New Hampshire, Durham, NH, USA J.KAIRYS, University of Alberta, Edmonton, Alb., Canada P.KALAITZIDAKIS, University of Cyprus, Nicosia, Cyprus G.KANATAS, Rice University, Houston, TX, USA E.J. KANE, Boston College, Chestnut Hill, MA, USA

I.KARAFIATH, University of North Texas, Denton, TX, USA G.A. KAROLYI, The Ohio State University, Columbus, OH, USA G.G. KAUFMAN, Loyola University, Chicago, IL, USA N.KHANNA, University of Michigan, Ann Arbor, MI, USA A.KHORANA, Georgia Institute of Technology, Atlanta, GA, USA K.A. KIM, University of Wisconsin-Milwaukee, Milwaukee, WI, USA O.KINI, Georgia State University, Atlanta, GA, USA

S.KLEIMEIER, University of Maastricht, Maastricht, The Netherlands P.D. KOCH, University of Kansas, Lawrence, KS, USA

K.G. KOEDIJK, Erasmus University Rotterdam, Rotterdam, The Netherlands

K.J. KOPECKY, Temple University, Philadelphia, PA, USA J.KOLARI, Texas A&M University, College Station, TX, USA G.D. KOPPENHAVER, Iowa State University, Ames, IA, USA

J.P. KRAHNEN, Goethe UniversitaÈt Frankfurt (Main), Frankfurt am Main, Germany L.KRYZANOWSKI, Concordia University, Montreal, Que., Canada

C.Y. KWAN, McMaster University, Hamilton, Ont., Canada C.C.Y. KWOK, University of South Carolina, Columbia, SC, USA N.J. LACEY, The University of Massachusetts, Amherst, MA, USA F.LAJERI-CHAHERLI, Koc University, Istanbul, Turkey

R.LAMY, Wake Forest University, MBA, Winston-Salem, NC, USA L.LANG, The Chinese University of Hong Kong, Hong Kong, China B.LAUTERBACH, The Anderson School at UCLA, Los Angeles, CA, USA C.-f. LEE, Rutgers University, Piscataway, NJ, USA

S.H. LEE, Loyola University, Chicago, IL, USA

Y.-T. LEE, National Chengchi University, Taipei, Taiwan, ROC I.LEKKOS, Bank of England, London, UK

R.LEVICH, Stern School of Business, New York, NY, USA H.LEVY, Hebrew University, Jerusalem, Israel

C.M. LEWIS, Vanderbilt University, Nashville, TN, USA

E.LILJEBLOM, Swedish School of Economics and Business Administration, Helsinki, Finland S.C. LINN, University of Oklahoma, Norman, OK, USA

K.V. LINS, University of Utah, Salt Lake City, UT, USA B.LODERER, UniversitaÈt Bern, Bern, Switzerland D.LOGUE, Dartmouth College, Hanover, NH, USA

J.A. LOPEZ, Federal Reserve Bank of San Francisco, San Francisco, CA, USA T.LOUGHRAN, The University of Iowa, Iowa City, IA, USA

C.S. LOWN, Federal Reserve Bank of New York, New York, NY, USA J.R. MACEY, Cornell Law School, Ithaca, NY, USA

A.MACHAUER, University of Mannheim, Mannheim, Germany D.MADAN, University of Maryland, College Park, MD, USA

A.MADHAVAN, University of Southern California, Los Angeles, CA, USA G.MAJNONI, The World Bank, Washington, DC 20433, USA

T.MALLIARIS, Loyola University, Chicago, IL, USA S.MARTIN, Arizona State University, Tempe, AZ, USA Z.P. MATOLCSY, University of Technology, Sydney, Australia D.C. MAUER, University of Miami, Coral Gables, FL, USA T.H. McINISH, Memphis State University, Memphis, TN, USA D.G. MCKILLOP, Queens University of Belfast, Belfast, UK J.E. MCNULTY, Florida Atlantic University, Boca Raton, FL, USA G.McQUEEN, Brigham Young University, Provo, UT, USA

W.L. MEGGINSON, The University of Oklahoma, Norman, OK, USA S.MEHDIAN, University of Michigan-Flint, Flint, MI, USA

I.MERIC, Rider College, Lawrenceville, NJ, USA

J.J. MERRICK Jr., Stern School of Business, New York University, New York, NY, USA L.J. MESTER, Federal Reserve Bank of Philadelphia, Philadelphia, PA, USA

M.A. MILEVSKY, York University, North York, Ont., Canada S.M. MILLER, The University of Connecticut, Storrs, CT, USA A.MILNE, City University Business School, London, UK P.MOLYNEUX, University of Wales, Bangor, UK L.SCOTT, Morgan Stanley & Co., New York, NY, USA M.MOSEBACH, University of Arkansas, Fayetteville, AK, USA

J.T. MOSER, Federal Reserve Bank of Chicago, Chicago, IL, USA M.MOUGOUE, Wayne State University, Detroit, MI, USA H.MULHERIN, Penn State University, University Park, PA, USA D.J. MULLINEAUX, University of Kentucky, Lexington, KY, USA M.MURGIA, Libera Universita' di Bolzano, Bolzano, Italy

C.J. MUSCARELLA, Pennsylvania State University, University Park, PA, USA K.NAM, Texas A&M University-Commerce, Commerce, TX, USA

G.R. NIEHAUS, University of South Carolina, Columbia, SC, USA T.H. NOE, Georgia State University, Atlanta, GA, USA

J.R. NOFSINGER, Marquette University, Milwaukee, WI, USA T.NOHEL, Loyola University, Chicago, IL, USA

F.NUCCI, UniversitaÁ ``La Sapienza'', Rome, Italy

O.JOHN, The University of New South Wales, Sydney, Australia S.ONGENA, Tilburg University, Tilburg, The Netherlands O.EVREN, Southern Illinois University, Carbondale, IL, USA G.PALADINO, Studi IMI, Rome, Italy

F.PANETTA, Bank of Italy, Rome, Italy

S.PARK, Federal Reserve Bank of New York, New York, NY, USA R.PARRINO, University of Texas, Austin, TX, USA

K.PAUDYAL, University of Durham, Durham, UK

G.G. PENNACCHI, University of Illinois, Champaign, IL, USA

S.PERISTIANI, Federal Reserve Bank of New York, New York, NY, USA D.R. PETERSON, Florida State University, Tallahassee, FL, USA

P.P. PETERSON, Florida State University, Tallahassee, FL, USA P.S. PEYSER, George Washington University, Washington, DC, USA G.PHILLIPS, University of Maryland, College Park, MD, USA J.M. PINEGAR, Brigham Young University, Provo, UT, USA H.D. PLATT, Northeastern University, Boston, MA, USA

R.PORTER, Board of Governors of the Federal Reserve System, Washington, DC, USA N.R. PRABHALA, University of Maryland, College Park, MD, USA

A.J. PRAKASH, Florida International University, Miami, FL, USA D.PREECE, University of Louisville, Louisville, KY, USA

R.PRIESTLEY, Norwegian School of Management, Sandvika, Norway E.Z. PRISMAN, York University, Toronto, Ont., Canada

M.PURI, Stanford University, Stanford, CA, USA J.QI, University of South Florida, Tampa, FL, USA R.RAGHU, University of Chicago, Chicago, IL, USA

D.RALSTON, University of the Sunshine Coast, Maroochydore, Qld, Australia R.RAU, Purdue University, West Lafayette, IN, USA

L.RAMCHAND, University of Houston, Houston, TX, USA A.RAVID, Rutgers University, Newark, NJ, USA

M.J. READY, University of Wisconsin, Madison, WI, USA

E.M. REMOLONA, Federal Reserve Bank of New York, New York, NY, USA B.G. RESNICK, Indiana University, Bloomington, IN, USA

L.RENNEBOOG, Tilburg University, Tilburg, The Netherlands A.RESTI, UniversitaÁ degli Studi di Bergamo, Bergamo, Italy R.ROLL, University of California, Los Angeles, CA, USA R.ROSEN, Indiana University, Bloomington, IN, USA

E.S. ROSENGREN, Federal Reserve Bank of Boston, Boston, MA, USA P.ROUSSEAU, Vanderbilt University, Nashville, TN, USA

M.S. ROZEFF, New York State University at Bu€alo, Bu€alo, NY, USA

G.D. RUDEBUSCH, Federal Reserve Bank of San Francisco, San Francisco, CA, USA K.RYDQVIST, Norwegian School of Management, Sandvika, Norway

M.D. RYNGAERT, University of Florida, Gainesville, FL, USA K.SAMOLYK, FDIC, Washington, DC, USA

H.SANDER, Maastricht School of Management, Maastricht, Netherlands O.SARIG, Tel Aviv University, Tel Aviv, Israel

S.E. SATCHELL, University of Cambridge, Cambridge, UK

M.SATHYE, University of Southern Queensland, Toowoomba, Australia B.SCHACHTER, Caxton Corporation, New York, NY, USA

B.SCHOLTENS, University of Groningen, Groningen, Netherlands K.SCHOORS, Univesity of Oxford, Oxford, UK

R.E. SHRIEVES, The University of Tennessee, Knoxville, TN, USA

T.SCHUERMANN, Federal Reserve Bank of New York , New York, NY, USA P.SCHULTZ, Notre Dame University, Notre Dame, IN, USA

R.SCHWEITZER, University of Delaware, Newark, DE, USA L.O. SCOTT, Morgan Stanley Dean Witter, New York, NY, USA F.SEGER, UniversitaÈt Manheim, Mannheim, Germany

H.SERVAES, London Business School, London, UK

S.SHAFFER, Federal Reserve Bank of Philadelphia, Philadelphia, PA, USA A.C. SHAPIRO, University of Southern California, Los Angeles, CA, USA I.G. SHARPE, The University of New South Wales, Sydney, AUSTRALIA K.SHASTRI, University of Pittsburgh, Pittsburgh, PA, USA

D.SIMON, Bentley College, Waltham, MA, USA J.SINKEY, The University of Georgia, Athens, GA, USA F.SKINNER, The University of Reading, Reading, UK

M.B. MYRON, Louisiana State University, Baton Rouge, LA, USA B.F. SMITH, Wilfrid Laurier University, Waterloo, Ont., Canada

E.H. SOLOMON, The George Washington University, Washington, DC, USA D.W. SOMMER, University of Georgia, Athens, GA, USA

M.F. SPIVEY, Clemson University, Clemson, SC, USA

K.R. STANTON, Southern Illinois University, Edwardsville, IL, USA L.STARKS, University of Texas, Austin, TX, USA

A.STEINHERR, European Investiment Bank, Luxembourg, Luxembourg C.STEPHENS, University of Missouri-Columbia, Columbia, MO, USA K.STIROH, Federal Reserve Bank of New York, New York, NY, USA R.D. STOVER, Iowa State University, Ames, IA, USA

S.STRAETMANS, Maastricht University, Maastricht, Netherlands P.E. STRAHAN, Federal Reserve Bank of New York, New York, NY, USA

A.SUBRAHMANYAM, University of California at Los Angeles, Los Angeles, CA, USA S.SUDARSANAM, Cran®eld University, Cran®eld, UK

J.SULTAN, Bentley College, Waltham, MA, USA

R.SWEENEY, Georgetown University, Washington, DC, USA L.N. SWITZER, Concordia University, Montreal, Que., Canada A.C. SZAKMARY, Southern Illinois University, Carbondale, IL., USA S.TAKAGI, University of Osaka, Osaka, Japan

K.TAKALA, Bank of Finland, Helsinki, Finland

G.TANNER, SWT Department of Finance and Economics, San Marcos, TX, USA A.V. THAKOR, University of Michigan, Ann Arbor, MI, USA

M.F. THEOBALD, University of Birmingham, Birmingham, UK S.THOMPSON, University of Leicester, Leicester, UK

W.THORBECKE, George Mason University, Fairfax, VA, USA

D.L.THORNTON, Federal Reserve Bank of St.Louis, St.Louis, MO, USA S.TODD, Loyola University, Chicago, IL, USA

N.G. TRAVLOS, University of Athens, Greece

L.TRIGEORGIS, The University of Chicago, Chicago, IL, USA

A.E. TSCHOEGL, The University of Pennsylvania, Philadelphia, PA, USA Y.TSE, State University of New York, Binghamton, NY, USA

S.TURNBULL, Canadian Imperial Bank of Commerce, Toronto, Ont., Canada G.UDELL, Indiana University, Bloomington, IN, USA

C.VAN HULLE, Katholieke Universiteit Leuven, Leuven, Belgium D.D. VAN HOOSE, University of Alabama, Tuscaloosa, AL, USA C.VELD, Tilburg University, Tilburg, The Netherlands

I.VENEZIA, The Hebrew University, Jerusalem, Israel R.VANDER VENNET, University of Ghent, Ghent, Belgium T.VERMAELEN, INSEAD, Fontainebleau, France

K.R. VETZAL, University of Waterloo, Waterloo, Ont., Canada T.VOGEL, Western New England College, Spring®eld, MA, USA P.F. VOLPIN, London Business School, London, UK

T.VORST, Erasmus University Rotterdam, Rotterdam, The Netherlands L.WALL, Federal Reserve Bank of Atlanta, Atlanta, GA, USA J.W. WANSLEY, The University of Tennessee, Knoxville, TN, USA M.WEBER, University of Mannheim, Mannheim, Germany

K.C.J. WEI, Hong Kong University of Science & Technology, Hong Kong, China S.J. WEISBENNER, University of Illinois, Urbana, IL, USA

L.WEISS, INSEAD, Fontainebleau, France

J.WENNINGER, Federal Reserve Bank of New York, New York, NY, USA G.WESTLEY, Inter-American Development Bank, Washington, DC, USA D.C.WHEELOCK, Federal Reserve Bank of St.Louis, St.Louis, MO, USA D.WHIDBEE, Washington State University, Pullman, WA, USA

L.J. WHITE, Stern School of Business, New York University, New York, NY, USA R.WHITELAW, New York University, New York, NY, USA

R.WIGGINS, Bentley College, Waltham, MA, USA

J.A. WILCOX, Oce of the Comptroller of the Currency, Washington, DC, USA P.W. WILSON, The University of Texas, Austin, TX, USA

K.WOMACK, Dartmouth College, Hanover, NH, USA R.A. WOOD, Memphis State University, Memphis, TN, USA X.WU, City University of Hong Kong, Kowloon, Hong Kong, China L.C. XU, World Bank, Washington, DC, USA

Y.YAFEH, The Hebrew University, Jerusalem, Israel

A.M. YUENGERT, Pepperdine University, Culver City, CA, USA E.ZARRUK, Florida Atlantic University, Boca Raton, FL, USA G.ZHOU, Washington University, St Louis, MO, USA

H.ZIMMERMANN, UniversitaÈt Basel, Basel, Switzerland