William Maxwell Ph.D.

William Maxwell is a Professor of Finance at the Cox School of Business at Southern Methodist University. He joined the faculty in 2009. His undergraduate degree is from Indiana University and he received his MBA at the University of Colorado in 1988. Before studying for the PhD, he worked for five years specializing in mergers & acquisitions and corporate valuations. He received his PhD. from the George Washington University in 1998.

Dr. Maxwell's research has focused on both corporate finance and investment topics, and his work has been published in some to the premier finance, accounting and economics journals including the Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of Accounting Research and Journal of Economic Perspectives.

Vitae

Refereed Publications:

Do State Laws Matter for Bondholders? with S. Mansi and J. Wald, Journal of Law and Economics, forthcoming.

The Strategic Use of Cash Holdings in Collective Bargaining with Labor Unions with S. Klasa and H. Ortiz-Molina, Journal of Financial Economics, forthcoming.

Measuring Abnormal Bond Returns with H. Bessembinder, K. Kahle and D. Xu, Review of Financial Studies, forthcoming.

Transparency and the Corporate Bond Market  with H. Bessembinder, Journal of Economic Perspectives, 2008, v22n2, 217-234.

Corporate Governance and a Firm's Cash Holdings with J. Harford and S. Mansi, Journal of Financial Economics, 2008, v87n3, 535-555.
[Lead Article - March Issue]

A Reexamination of the Tradeoff Between the Future Benefit and Riskiness of R&D with A. Eberhart and A. Siddique, Journal of Accounting Research, 2008, v46n1, 27-52.

The Influence of Product Market Dynamics on the Firm's Cash Holdings and Hedging Behavior with D. Haushalter and S. Klasa, Journal of Financial Economics, 2007, v84n3, 797-825.

Market Transparency, Liquidity Externalities, and Institutional Trading Costs in Corporate Bonds with H. Bessembinder and K. Venkataraman, Journal of Financial Economics, 2006, v82, 251-288.
[Lead Article - November Issue]

Does the Stock Market Underreact to R&D Increases, with A. Eberhart and A. Siddique, Journal of Investment Management, Fall 2005.

Does Corporate Governance Matter to Bondholders? with M. Klock and S. Mansi, Journal of Financial and Quantitative Analysis, 2005, v40n4, 693-719.
[Lead Article, May issue]

An Examination of Long-Term Abnormal Stock Returns and Operating Performance Following R&D Increases with A. Eberhart and A. Siddique, Journal of Finance, 2004, v59n2, 623-650.

Does Auditor Quality and Tenure Matter to Investors? Evidence from the Bond Market with S. Mansi and D. Miller, Journal of Accounting Research, 2004, v42n4, 755-793.

Do Spin-offs Expropriate Wealth from Bondholders? with R. Rao, Journal of Finance, 2003, v58n5, 2087-2108.

The Wealth Effects of Repurchases on Bondholders with C. Stephens, Journal of Finance, 2003, v58n2, 895-919.