We are pleased to announce Michael J. Brennan Irish Finance has started a new Finance Research Centers Papers series within the Financial Economics Network (FEN).

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The aim of the Michael J. Brennan Irish Finance Working Paper Series is to disseminate original theoretical or empirical knowledge with relevance to the financial sector. The series includes research contributions carried out relating to the Valuation and Risk (VAR) project being completed by the Financial Mathematics and Computation (FMC) Cluster. The FMC cluster is an inter-disciplinary cross-university group from Irish Universities that is funded by Science Foundation Ireland and the financial sector. The working papers series is named in honor of Michael J. Brennan (UCLA) who is a member of our Scientific Advisory Board. We gratefully acknowledge the financial support of Susquehanna International Securities Limited (SIG) for this initiative. The papers are from our faculty, PhD students and affiliated researchers. Paper submissions should be sent to fmc2@ucd.ie and must include the paper, a short abstract, keywords, JEL classification, and the author's affiliation. Please contact fmc2@ucd.ie in case of any questions on the series.

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Michael C. Jensen
Financial Economics Network

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