ECONOMICS AND FINANCE RANDY I. ANDERSON Associate Professor BA, North Central College; PhD, University of Alabama Associate Professor of Finance, Seton Hall University, 2000-2001 Research: Real Estate Investment Trust performance; real estate brokerage firm efficiency; portfolio construction and management JAY DAHYA Assistant Professor BS, MS, PhD, Dundee University Visiting Assistant Professor, Purdue University, 2000-2002; Lecturer, Cardiff University, 1998-1999; Fulbright Scholar, 1998; Carnegie Trust Fellow, 1991, 1996 Research: corporate finance and governance CHARLOTTE STRUNK HANSEN Assistant Professor BS, MS, PhD, University of Aarhus, Denmark Lecturer, University of Aarhus, 2000-2001 Research: options; volatility; term structure; empirical corporate finance; financial econometrics LIN PENG Assistant Professor BS, University of Science and Technology, China; MA, Wesleyan University; PhD, Duke University Research: information dynamics and its role in asset prices and volatility; executive compensation and corporate governance RUI YAO Assistant Professor of Finance BS, Peking University; PhD, University of North Carolina Research: portfolio choices and real estate finance; commercial mortgage defaults and prepayments