About the Author

Bruce D. Grundy, a former student of Merton H. Miller, is the Ian Potter Professor of Finance at Melbourne Business School. His research interests include corporate governance, derivatives pricing, real options, and the mutual fund industry. Prior to joining Melbourne Business School, Bruce was a member of the faculty at the Wharton School and Stanford's GSB and a visiting faculty member at the National University of Singapore and the Johann Wolfgang Goethe-Universitat Frankfurt am Main.