Kenneth R. French is an expert on the behavior of security prices and investment strategies. His recent research focuses on tests of asset pricing models, the trade-off between risk and return in domestic and international financial markets, the cost of capital, and the relation between capital structure and firm value. French is a Research Associate at the National Bureau of Economic Research, an Advisory Editor of the Journal of Financial Economics, a former Associate Editor of the Journal of Finance and the Review of Financial Studies, and a past director of the American Finance Association. In addition to teaching and doing research, French enjoys bicycling, snowboarding, cross-country skiing, swimming, rollerblading, and embarrassing his three teenagers