William Maxwell
Mary Jo Vaughn Rauscher Chair in Financial InvestmentsAcademic Director, The EnCap Investments & LCM Group Alternative Asset Management CenterAcademic Director, The Don Jackson Center for Financial Studies and Center at Cox School of Business

Schools
- Cox School of Business
Expertise
Links
Biography
Cox School of Business
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)
Courses Taught
Read about executive education
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