William Maxwell

William Maxwell

Tenure and Tenure-Track Faculty

Professor, 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

Finance

Email

wmaxwell@smu.edu

Phone

214-768-4150

Office

Fincher 338

CV

CV

Education

PhD, Finance, George Washington University

Biography

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 . 

Dr. Maxwell's research has focused on corporate finance and corporate bond microstructure.  His work is cited over 3,000/10,000 times (Web of Science & Google Scholar). His publications include the Journal of Finance (5), Journal of Financial Economics (5), Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of Accounting Research (2), Journal of Law and Economics, and Journal of Economic Perspectives. He has published two books, McGraw-Hill, 2011 and, McGraw-Hill, 1999.  His work has been noted in the numerous outlets including theWall Street Journal, Financial Times, Forbes, USA Today, Smart Money, & Bloomberg News.

Teaching

Alternative Assets Management Program (undergraduate)
Valuation (graduate)

Research

FINA 5441 Alternative Assets
FINA 6211 Valuation and Analysis

Publications

Most Recent Articles

Transparency, Capital Commitment, and Illiquidity in Corporate Bonds, with H. Bessembinder, S. Jacobsen and K. Venkataraman, Journal of Finance, 2018, v73i4, 1615-1661. 

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