Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: dot

Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: Description: mark

 

Data

-      Sentiment Dictionaries

-      Master Dictionary

-      Data/Tools

-      IPO Data/Word lists

-      Readability data

Classes

Websites

Bill McDonald
Professor of Finance

Thomas A. and James J. Bruder Chair in

   Administrative Leadership

E‑Mail:

mcdonald.1@nd.edu

Address:

335 Mendoza College of Business

University of Notre Dame

Notre Dame, IN  46556-5646

Telephone:

(574) 631‑5137

SSRN:

http://ssrn.com/author=87979

 

 

 

Bill McDonald has been at the University of Notre Dame since receiving his PhD from Arizona State University in 1979. He worked in a vice president position at the Schwab Center for Investment Research in San Francisco during the Internet boom/bust. At Schwab he developed online financial planning software, including a patented portfolio optimization package. He has consulted for major investment banks, brokerages, stock exchanges and served as an expert witness.

Professor McDonald’s research is predominantly in capital markets and he has more than 30 publications spanning leading journals in finance, accounting, management science and economics.  The textual analysis technology he developed along with Tim Loughran for their recent Journal of Finance paper is licensed by Dow Jones for use in their new Lexicon product. 

Teaching in the area of investments, McDonald received a Kaneb Teaching Award in both 1999 and 2003.  His MBA Applied Investment Management course manages about $7 million of Notre Dame’s endowment.  He currently serves concurrent appointments at Notre Dame as Professor of Finance and Faculty Information Technology Liaison, and is the Thomas A. and James J. Bruder Chair in Administrative Leadership.

 

Working Papers

 

 

·          Using 10-K Text to Gauge Financial Constraints, with Andriy Bodnaruk and Tim Loughran.

 

Selected Publications

 

·          Measuring Readability in Financial Disclosures, with Tim Loughran, forthcoming Journal of Finance.

·          Regulation and Financial Disclosure:  The Impact of Plain English, with Tim Loughran, Journal of Regulatory Economics, 45:1, 2014, 94-113.

·          IPO First-Day Returns, Offer Price Revisions, Volatility, and Form S-1 Language, with Tim Loughran, Journal of Financial Economics, 109:2, 2013, 307-326.

·          When is a Liability not a Liability? Textual Analysis, Dictionaries, and 10-Ks, with Tim Loughran, Journal of Finance, 66:1, February 2011, 67-97.

·          Barron’s Red Flags:  Do They Actually Work?, with Tim Loughran, Journal of Behavioral Finance, 12:2, 2011, 90-97.

·          Commonality in Codes of Ethics, with Margaret Forster and Tim Loughran, Journal of Business Ethics, 90, 2009 129-139.

·          A Wolf in Sheep's Clothing: The Use of Ethics-Related Terms in 10-K Reports, with Timothy J Loughran, Hayong Yun, Journal of Business Ethics, 89, 2009, 39-49.

·          What's Different Among Banks?, with Thomas F. Cosimano, Journal of Monetary Economics, 41, 1998, 57-70.

·          Multivariate Tests of Asset Pricing: The Comparative Power of Alternative Statistics, (with John Affleck-Graves), Journal of Financial and Quantitative Analysis, 25, 1990, 163-185.

·          Predicting Stock Returns in an Efficient Market, with Ronald J. Balvers, Thomas F. Cosimano, Journal of Finance, 45, 1990, 1109-1128.

·          Nonnormalities and Tests of Asset Pricing Theories, with John Affleck-Graves, Journal of Finance, 44, 1989, 889-908.

·          Underpricing of New Issues and the Choice of Auditor as a Signal of Investment Banker Reputation, with Ronald J. Balvers and Robert E. Miller, The Accounting Review, 63, 1988, 605-622.

·          Event Studies and Systems Methods: Some Additional Evidence, Journal of Financial and Quantitative Analysis, 22, 1987, 494-504.

·          A Reexamination of Economics of Scale in Banking Using a Generalized Functional Form, with Bernard J. Kilbride and Robert E. Miller, Journal of Money, Credit and Banking, 18, 1986, 519-526.

·          Estimating Market Model Betas:  A Comparison of Random Coefficient Methods and Their Ability to Correctly Identify Random Variation, Management Science, 31, 1985, 1403-1408.

 

 

© 2012 University of Notre Dame