Joseph P Ogden is presently an associate professor of finance at the University all Buffalo, SUNY He has published articles in a number of professional journals, including Journal of Finance, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of Corporate Finance, Financial Management, and Review of Quantitative Finance and Accounting. He was chairman of the Department of Finance and Managerial Economics in SUNY-Buffalo's School of Management from 1994 to 1999. He is also involved in financial consulting. Dr. Ogden received his; Ph.D. in finance from Purdue University, his MBA from Oklahoma State University, and his B.S. in psychology from the University of South Dakota.

Frank C. Jen is M&T Chair Professor in Banking (emeritus) at the University at: Buffalo, SUNY He has published articles in numerous academic and professional journals, including Journal of Finance, American Economic Review, Journal of Business Journal of Financial and Quantitative Analysis, Journal of Applied Corporate Finance, Journal of Commercial Lending, and Review of Quantitative Finance and Accounting.

Dr. Jen is extensively involved in international activities, including designing and teaching international executive education programs, doing research on global issues, and coordinating and presenting papers at international conferences. He was Co-Director and Director of the University at Buffalo's China MBA Program from 1984 to 1991, and he helped found the National Center for Industrial Science and Technology Management Development in Dalian, China in 1980. He served as Visiting Professor and Associate Dean, American Faculty from 1980 to 1991. He is now cooperating with many different groups on executive education in China. His Advanced Commercial Lending program designed principally for U.S. bankers has attracted participants from Korea, Thailand, Indonesia, Malaysia, Taiwan, and the United Arab Emirates. Dr. Jen received his Ph.D. and MBA in finance from the University of Wisconsin, and his B.S. from North Central College.

Philip F. O'Connor has been assistant professor of finance at the University at Buffalo, SUNY, at the University of Wyoming, and is currently a finance professor at Southern Utah University. He has conducted research on corporate finance issues such as the resolution of financial distress and the firm's claim structure, and determinants of the firm's debt structure. Dr. O'Connor received his Ph.D. from the University of Maryland, his MBA from the University of Wisconsin, and his B.M.S. from the University of Waikato, New Zealand.