Sheridan Titman holds the McCallister Centennial Chair in Financial Services at the University of Texas, Austin. Before his present post, he taught for a number of years at UCLA. Among his prolific research projects are studies in optimal capital structure, irrational investors, tangible and intangible information and market reactions, and Asian stock markets. He is coauthor of the textbook, Financial Markets and Corporate Strategy, with Mark Grinblatt.