William Maxwell
Contact Information
- 520.621.1716 office
- 520.621.1261 fax
- maxwell@eller.arizona.edu
- McClelland Hall 315F
Curriculum Vitae
SSRN Author Page
Associate Professor
Richard & Tricia Calta Faculty Fellow
- Ph.D. Finance, The George Washington University, 1998
Current Courses
- FIN 421, Investments, Fall
- FIN 543, High-Yield Debt and Corporate Distress, Fall
Research Interests
- Corporate Finance
- Debt Markets
- Corporate Governance
Publications and Working Papers
- "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," H. Bessembinder, K. Kahle, W. Maxwell, and D. Xu, Review of Financial Studies, forthcoming.
- "Transparency and the Corporate Bond Market," with H. Bessembinder, Journal of Economic Perspectives, forthcoming.
- "A Reexamination of the Tradeoff Between the Future Benefit and Riskiness of R&D Increases," with A. Eberhart and A. Siddique, Journal of Accounting Research, 2008, v46n1, 27-52.
- "Corporate Governance and a Firm's Cash Holdings," with Jarrad Harford and Sattar Mansi, Journal of Financial Economics, 2008, v87n3, 535-555.
- "The Influence of Product Market Dynamics on the Firm's Cash Holdings and Hedging Behavior," with David Haushalter and Sandy Klasa, Journal of Financial Economics, 2007, v84n3, 797-825.
- "Market Transparency, Liquidity Externalities, and Institutional Trading Costs in Corporate Bonds,” with Hendrik Bessembinder and Kumar Venkataraman, Journal of Financial Economics, 2006, Vol. 82, No. 2, 251-288.
- "Does Corporate Governance Matter to Bondholders?" with Mark Klock and Sattar Mansi, Journal of Financial and Quantitative Analysis, 2005, v40n4, 693-719, [Lead Article].
- "Does Auditor Quality and Tenure Matter to Investors?" Evidence from the Bond Market, with Sattar Mansi and Darius Miller, Journal of Accounting Research, 2004, v42n4, 755-793.
- "An Examination of Long-Term Abnormal Stock Returns and Operating Performance Following R&D Increases," with Allan Eberhart and Akhtar Siddique, Journal of Finance, 2004, v59n2, 623-650.
- "Do Spin-offs Expropriate Wealth from Bondholders?" with Ramesh Rao, Journal of Finance, 2003, v58n5, 2087-2108.
- "The Wealth Effects of Repurchases on Bondholders," with Clifford Stephens, Journal of Finance, 2003, v58n2, 895-919.
- Books: High Yield Bonds: Market Structure, Portfolio Management, and Credit Risk Modeling (with Theodore Barnhill and Mark Shenkman), McGraw-Hill, January, 1999.
