Editorial pg

Editorial pg

Midwest Economics Association Midwest Finance Association Rebecca M. Blank, President Robert A. Pollak, President Elect Derek A. Neal, First Vice Pr...

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Midwest Economics Association

Midwest Finance Association

Rebecca M. Blank, President Robert A. Pollak, President Elect Derek A. Neal, First Vice President Kim Sosin, Second Vice President Mark Montgomery, Secretary-Treasurer John J. Siegfried, Past President M. Jeanette Copeman, Managing Secretary

Steven B. Wyatt, President Beth Cooperman, President Elect Glenn N. Pettengill, First Vice President Edgar Norton, Second Vice President Walter Woerheide, Past President

Membership Offices: Mark Montgomery Midwest Economics Association P.O. Box 467 Cameron, MO 64429 816-632-6550 [email protected]

Richard J. Dowen Executive Director, Midwest Finance Association Department of Finance Northern Illinois University Dekalb, IL 60115 E-mail: [email protected]

Editorial Board: Raj Aggarwal, Firestone Chair in Finance, Kent State University Robert E. Baldwin, University of Wisconsin, Madison Andrea Beller, University of Illinois Barry R. Chiswick, University of Illinois, Chicago Arnold R. Cowan, Iowa State University Roger Feldman, University of Minnesota Henry Grabowski, Duke University Warren Greenberg, George Washington University Wallace Hendricks, University of Illinois William L. Holahan, The University of Wisconsin-Milwaukee Sheng-Cheng Hu, Academia Sinica Edward J. Kane, James E. Cleary Professor of Finance, Boston College Stanley Kon, University of Michigan Young Kwon, University of Illinois C. F. Lee, Rutgers University George M. McCabe, University of Nebraska± Lincoln Richard M. McMinn, University of Texas

Editorial Office: Bureau of Economic and Business Research 420 Commerce St. 1206 South Sixth Street Champaign, Illinois 61820 Phone: (217) 333-2331 Fax: (217) 333-7410

Publishing Office: Elsevier Science Inc. 655 Avenue of the Americas New York, NY 10010

Paul Newbold, University of Nottingham George Pinches, University of Missouri±Kansas City Larry Samuelson, University of Wisconsin John J. Siegfried, Vanderbilt University James L. Smith, Southern Methodist University Barry Staw, University of California Duane Stock, Price Investments Professor, University of Oklahoma Richard J. Sweeney, Georgetown University Richard Thaler, Graduate School of Business University of Chicago Howard Thomas, Dean, Warwick Business School, The University of Warwick Pravin Trivedi, Indiana University Jorge L. Urrutia, Loyola University Chicago Anne Villamil, University of Illinois, Urbana/Champaign David A. Walker, John A. Largay Scholar and Professor of Finance, Georgetown University Burton A. Weisbrod, Northwestern University Stephen Woodbury, Michigan State University and W.E. Upjohn Institute for Employment Research