Faculty Directory

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William Maxwell

Finance

Mary Jo Vaughn Rauscher Chair in Financial Investments
Academic Director, The EnCap Investments & LCM Group Alternative Asset Management Center
Academic Director, The Don Jackson Center for Financial Studies and Center

PhD, Finance, The George Washington University, 1998
MBA, Finance Concentration, University of Colorado, 1988
BS, Indiana University, Bloomington, 1987

Fincher 338

214-768-4150
Email

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Bio

William Maxwell is a professor of finance at the Cox School of Business.  He holds the Mary Jo Vaughn Rauscher Chair in Financial Investments and is the director of the Don Jackson Center for Financial Studies and the EnCap Investments & LCM Group Alternative Asset Management Center.  He has taught at the University of Arizona, Texas Tech, Georgetown and George Washington University.  He received his PhD from the George Washington University in 1998.  He received his MBA at the University of Colorado in 1988 and his undergraduate degree is from Indiana University.  Before studying for the PhD, he worked for five years specializing in mergers & acquisitions and corporate valuations. 

Dr. Maxwell is the Center Director as well as teaches and in the undergraduate Alternative Assets Management Program. He has been recognized for his outstanding teaching with the Don Jackson and the BBA "Distinguished Teaching Awards". He was named as one of Poets and Quants’ 2017 Top 40 Undergraduate Business School Professors

Dr. Maxwell's research has focused on both corporate finance and investment topics, and his work has been published the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of Economic Perspectives and Journal of Accounting Research.  He has published two books, Leveraged Financial Markets: Leveraged Loans, High Yield Bonds & Credit Default Swaps, McGraw-Hill, 2011, and High Yield Bonds: Market Structure, Portfolio Management, and Credit Risk Modeling, 1999.  His work has been noted in the numerous outlets including the Wall Street Journal, Financial Times, Forbes, USA Today, Smart Money, and Bloomberg News.


Research

Corporate Finance
Corporate Investment


Recent publications

Most Recent Articles

Transparency, Capital Commitment, and Illiquidity in Corporate Bonds, with H. Bessembinder, S. Jacobsen and K. Venkataraman, Journal of Finance, forthcoming. 

Refinancing Risk and Cash Holdings, with S. Klasa & J. Harford, Journal of Finance, 2014, v69i3, 975-1012. [Lead Article]

Trading Activity and Transaction Costs in Structured Credit Products, H. Bessembinder and K. Venkataraman, Financial Analyst Journal, 2013, v69n6, 55-67.

 

Books

Leveraged Financial Markets: Leveraged Loans, High Yield Bonds & Credit Default Swaps, McGraw-Hill, 2011

High Yield Bonds: Market Structure, Portfolio Management, and Credit Risk Modeling, 1999


Teaching

Alternative Assets Management Program (undergraduate)
Valuation (graduate)