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 received his PhD. from the George Washington University in 1998.  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. Before studying for the PhD, he worked for five years specializing in mergers & acquisitions and corporate valuations.  

Dr. Maxwell teaches in the undergraduate Alternative Assets Management Program. He has been recognized for his outstanding teaching with numerous awards and was named as one of Poets and Quants’ 2017 Top 40 Undergraduate Business School Professors

Dr. Maxwell's research has focused on corporate finance and corporate bond microstructure.  His work is cited over 1,400/6,200 times (Web of Science & Google Scholar). His publications include the Journal of Finance (5), Journal of Financial Economics (4), Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of Law and Economics, Journal of Economic Perspectives and Journal of Accounting Research (2). 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, McGraw-Hill, 1999.  His work has been noted in the numerous outlets including the Wall Street Journal, Financial Times, Forbes, USA Today, Smart Money, & 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)