Editors

S. Ghon Rhee
College of Business Administration
University of Hawai'i
2404 Maile Way, C304
Honolulu, HI 96822
USA

Kalok Chan 
Department of Finance
Hong Kong University of Science and Technology
Clearwater Bay, Kowloon
Hong Kong
China

Jun-Koo Kang
MSU Federal Credit Union Chair in Financial Institutions & Investments and
  Professor of Finance
Department of Finance, 315 Eppley
The Eli Broad College of Business
Michigan State University
East Lansing, MI 48824-1121
USA

Editorial Office

S. Ghon Rhee
K.J. Luke Chair of International Finance and Banking
College of Business Administration
University of Hawai'i
2404 Maile Way, C304
Honolulu, HI 96822, USA
E-mail: rheesg@hawaii.edu

Advisory Editorial Board

Edward J. Kane, Boston College, USA

Franco Modigliani, Massachusetts Institute of Technology, USA

Richard Roll, University of California, Los Angeles, USA

Rene M. Stulz, Ohio State University, USA

Editorial Board

Kee Hong Bae, Queen's University, Canada

Warren B. Bailey, Cornell University, USA

Henk Berkman, Massey University, New Zealand

Geert Bekaert, Columbia University, USA

Philip Brown, University of Western Australia, Australia

Stephen J. Brown, New York University, USA

K.C. Chan, Hong Kong University of Science & Technology, Hong Kong

E.C. Chang, University of Hong Kong, Hong Kong

Rosita P. Chang, University of Hawai'i, USA

Andrew Chen, Southern Methodist University, USA

Z. Chen, Yale University, USA

B. Chowdhry, University of California at Los Angeles, USA

Kee H. Chung, SUNY at Buffalo, USA

David Ding, Nanyang Technological University, Singapore

Steve Foerster, University of Western Ontario, Canada

Yasushi Hamao, University of Southern California, USA

Allaudeen Hameed, National University of Singapore, Singapore

Campbell Harvey, Duke University, USA

Gabriel Hawawini, INSEAD, France

Takato Hiraki, International University of Japan, Japan

Akiyoshi Horiuchi, University of Tokyo, Japan

Roger Huang, University of Notre Dame, USA

M. Md. Isa, University of Malaya, Malaysia

Jun Koo Kang, Michigan State University, USA

Andrew Karolyi, Ohio State University, USA

H. Kato, Nagoya University, Japan

Anya Khanthavit, Thammasat University, Thailand

Bong Soo Lee, Florida State University, USA

C. Mackinlay, University of Pennsylvania, USA

J.J. Mcconnell, Purdue University, USA

Randall Morck, University of Alberta, Canada

Lillian Ng, University of Wisconsin, USA

Jay Ritter, University of Florida, USA

K. Shastri, University of Pittsburgh, USA

S. Titman, University of Texas at Austin, USA

Robert Whaley, Duke University, USA

M.T. Yu, Providence University, Taiwan