Author: Heinz Zimmermann

HEINZ ZIMMERMANN is a professor of finance at the Universität Basel, Switzerland, and heads the department of finance at the Wirtschaftswissenschaftliches Zentrum. He also holds the Chair ininternational corporate finance at the WHU Koblenz, Germany, as avisiting professor. Zimmermann received his doctorate at the Universität Bern, Switzerland, and became a professor at the Universität St. Gallen in 1989. He is managing editor of the Journal of Financial Markets and Portfolio Management. He has beenawarded with the Latsis Prize (1989), the Award for Financial Innovation (1992), and the Graham and Dodd Award for Excellence infinancial writing (1993). WOLFGANG DROBETZ is an assistant professor of finance at the Universität Basel, Switzerland. He is also a lecturer offinance at the Universität St. Gallen, Switzerland, and the Otto Beisheim Graduate School of Management (WHU), Germany. Drobetzwas head of research at Vescore Solutions, St. Gallen. He holds adoctorate from the Universität St. Gallen, a diploma incommerce from the Wirtschaftsuniversität Wien, Austria, and an MA in economics from the University of Virginia. PETER OERTMANN is the managing director and CEO of Vescore Solutions, St. Gallen, Switzerland. He is also a lecturer at the Universität St. Gallen, Switzerland, where he earned hisdoctorate in 1997. Oertmann holds a diploma in quantitativemanagement from the Universität Bielefeld, Germany, and amaster”s in finance from the University of Georgia.