Corporate Finance Stephen Ross 12th Edition-Test Bank

Randolph W. Westerfield serves as Dean Emeritus and the Charles B. Thornton Professor in Finance Emeritus at the Marshall School of Business, University of Southern California. Professor Westerfield transitioned to USC from the Wharton School, University of Pennsylvania, where he held the position of finance department chair and a faculty member within the finance department for two decades. He serves as a trustee for Oaktree Capital mutual funds. His areas of specialization encompass corporate financial strategy, investment management, and stock market valuation behavior.

Bradford D. Jordan is currently a Visiting Scholar at the Warrington College of Business, University of Florida. Previously, he occupied the duPont Endowed Chair in Banking and Financial Services at the University of Kentucky, where he served as department head for several years. Professor Jordan has authored many articles in esteemed publications focusing on subjects like cost of capital, capital structure, and securities pricing behavior. He has been the president of the Southern Finance Association, and is also the coauthor of “Fundamentals of Investments: Valuation and Management, 9th edition,” a leading investment textbook published by McGraw Hill.

The late Stephen A. Ross held the Franco Modigliani Professorship of Finance and Economics at the Sloan School of Management, Massachusetts Institute of Technology. A widely published figure in the realms of finance and economics, Professor Ross was recognized for his contributions to developing the Arbitrage Pricing Theory and his substantial impacts on the discipline through his work on signaling, corporate theory, option pricing, and the term structure of interest rates, among others. As a former president of the American Finance Association, he also enacted as an associate editor for various scholarly and professional periodicals. His legacy includes trusteeship at Cal Tech.

Jeffrey F. Jaffe is a recurrent contributor to financial and economic discourse in journals such as The Quarterly Economic Journal, The Journal of Finance, The Journal of Financial and Quantitative Analysis, The Journal of Financial Economics, and The Financial Analysts Journal. His most renowned research focuses on insider trading, establishing that corporate insiders garner excess profits from their transactions and demonstrating the limited impact of regulations on these profits. He has also provided insights into initial public offerings, utility regulations, market maker conduct, gold price fluctuations, theoretical interest rate impacts of inflation, empirical effects of inflation on capital asset prices, the link between small-cap stocks and the January effect, and capital structure decisions.