Richard WarrRichard Warr received his Ph.D. in finance from theUniversity of Florida in 1998. He is the current Associate Dean for Faculty andResearch at North Carolina State University. Prior to coming to NC State, hetaught at Kansas State University. His reseach focuses on informationtransmission in markets, equity valuation, short selling, capital structure, risk management and market microstructure. His publications have appeared insuch journals as the Journal of Financial and Quantitative Analysis, FinancialManagement, the Journal of Corporate Finance, the Journal of FinancialIntermediation, the Journal of Accounting Auditing and Finance. His teaching isin the area of investments, portfolio management and security analysis.