SHYAM SUNDER is James L. Frank Professor of Accounting, Economics and Finance at Yale University. He has published extensively and has served as a consultant to major corporations, United States government. He is a founder of the Economic Science Association and served as Director of Research for the American Accounting Association. His award winning book, Theory of Accounting and Control has been translated into Japanese and Korean.HIDETOSHI YAMAJI is Professor of Finance and Accounting at the Research Institute for Economics and Business Administration at Kobe University. He has been a visiting scholar at the University of Illinois at Urbana-Champaign and is the author of 14 books including The Japanese Stock Market (Praeger, 1988).