William Reese
Professor of Practice
Biography
Bill grew up in Silver Spring, Maryland and graduated in 1978 from The College of Wooster in Wooster, Ohio with a BA in Speech. After working in the Cleveland area for four years as a high school teacher and wrestling coach, he earned his MBA from Virginia Tech with a concentration in Finance. Bill spent the next ten years working in the insurance and commercial banking industries before returning to school to obtain his Ph.D. in Finance from the University of Arizona.
Bill has been a full-time finance professor at Tulane University’s Freeman School of Business since August 1997. While at Tulane, he has taught in each of Tulane’s programs: Undergraduate, Master of Finance, Full-time MBA, Global MBA, Professional MBA and Executive MBA. Bill has taught numerous finance courses for Tulane in Asia and South America as well as in the U.S. From 2001-2010, he worked for the National Football League as a personal finance instructor for the New Orleans Saints, and in 2013 he served in the same capacity for the New Orleans Pelicans. He has received the EMBA Outstanding Teacher of the Year award, has been named to the MBA Teacher Honor Roll four times, has received the EMBA Teaching Excellence award five times, the PMBA Teaching Excellence award twice, and the Tulane Graduate Business Students voted to give him the Howard Wissner Award for Teaching Excellence in 2008 and 2012. He has had his research published in The Journal of Finance, The Journal of Financial Economics, The Journal of Financial Education, Advances in Financial Education, The Journal of Economic Education and The Journal of Economics and Finance Education. He has received the All-Star Paper Award from The Journal of Financial Economics and received the Best Pedagogy Paper award at the 2014 Financial Education Association Conference.
Bill is married and lives in Mandeville (on the northshore). His two daughters and their families each live in Dallas. During his free time, Bill keeps involved with his church and some Bible Study groups. He has been an avid runner since 1990 and a triathlete since 2009.
Education
University of Arizona
The American College
Virginia Tech
The College of Wooster
Accomplishments
Best Educational Pedagogy Paper
Best Educational Pedagogy Paper at the 2014 Financial Education Association Conference
Links
Articles
Performing an event study: An exercise for finance students
2017
This exercise helps instructors teach students how to perform a simple event study. The study tests to see if stocks earn abnormal returns when added to the S&P 500. Students select a random sample of stocks that were added to the index between January 2000 and July 2015.
Am I Diversified? An Exercise for Finance Students
2015
Reese, William A. and Robins, Russel P., “Am I Diversified? An Exercise for Finance Students”, The
Journal of Financial Education, Fall 2015: pages 119-133.
Protection of minority shareholder interests, cross-listings in the United States, and subsequent equity offerings
2002
This paper examines the hypothesis that non-US firms cross-list in the United States to increase protection of their minority shareholders. Cross-listing on the NYSE or Nasdaq subjects a non-US firm to a number of provisions of US securities law, and requires the firm to conform to US GAAP. It therefore increases the expected cost to managers of extracting private benefits, and commits the firm to protect minority shareholders’ interests.
Capital Gains Taxation and Stock Market Activity: Evidence from IPOs
2002
Prior to the Tax Reform Act of 1986 (TRA '86), long‐term capital gains were taxed at a lower rate than short‐term gains, presenting investors with an opportunity to increase their after‐tax return by delaying the sale of appreciated assets until after they qualified for long‐term status and selling depreciated assets prior to long‐term qualification.
