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Ephraim Clark is Professor of Finance at Middlesex University. He has authored or co-authored eight books and over ninety academic and professional papers in journals such as Management Science, Journal of International Money and Finance, Journal of Banking and Finance, European Journal of Operational Research, Journal of Financial Markets, Journal of Financial Research, Review of International Economics, Garp Risk Review, Euromoney, Global Investor, Wilmott, Revue Banque, etc. He has been elected president of the Multinational Finance Society, president of the International Society for the Intercommunication of New Ideas, vice-president of the International Association of Finance and Banking and is currently serving as vice-president of the International Society for the Advancement of Financial Economics (ISAFE). He is also a member of numerous professional organizations and is a permanent member of the Académie Européenne. He is the founding editor of the European Journal of Finance and was formerly editor-in-chief of Annals of Financial Economics. He currently is editor of Frontiers in Finance and Economics and serves on the editorial boards of a number of scholarly journals. Professor Clark has also served as consultant to many major financial institutions.