Dr. William Procasky is an expert witness and legal consultant and an authority in commodities and derivatives trading, credit derivatives, risks and their valuations.

Honors and Awards

• Best Paper Award, Southwestern Finance Association Conference, 2021
• Summer Research Grant, 2020, 2021
• New Faculty Investment Program Stipend, 2020
• Faculty Conference Fund Award, 2018, 2019
• Selected into high potential program (CAPS) at BP Energy, 2007

Journal Refereeing

• International Review of Economic and Finance. 2021
• Cascade Journal of Knowledge, 2020
• Journal of International Money and Finance 2015, 2017, 2018
• Journal of Macroeconomics, 2019
• Journal of Financial Stability 2017
• International Trade Journal, 2014

Publications

Procasky, William and Brian Petrus (2021)
“Do Investors Trade Industry Sector-Based Credit Risk Differently than Systematic Credit Risk?”
Journal of Alternative Investments, Fall 2021

Procasky, William (2021),
“Price Discovery in CDS and Equity Markets: Default Risk Based Heterogeneity in the Systematic High Yield Sector,”
Journal of Financial Markets, Volume 54

Raja, Zubair, William Procasky and Renee Oyotode (2020)
“The Relative Role of CDS and Bond Markets in Price Discovery of Emerging Market Sovereign Risk,”
Journal of Emerging Market Finance

Procasky William, Zubair Raja and Renee Oyotode (2018),
“Efficiency of Capital Markets: A New Perspective on the Value Premium and Day-of-the-Week Effects”
International Journal of Portfolio Analysis and Management,2(2), 114-140 

Procasky, William and Nacasius Ujah (2016),
“Terrorism and Its Impact on the Cost of Debt,”
Journal of International Money and Finance, 60, 253-266 (also appeared in CFA Digest, April 2016, Volume 46 Issue 4)

Procasky, William, Nacasius Ujah and Zubair Raja (2014),
“FFO to Total Debt: A More Efficient Proxy of Capital Structure,”
Journal of Accounting and Finance, 14(6), 71-90

Working Papers

Procasky, Anwen Yin
“Price Discovery in High Yield CDS and Equity Markets: Out-of-Sample Evidence
Journal of Futures Markets

Procasky
Price Discovery in CDS and Equity Markets: Do Investors Trade Systematic Credit Default Risk More Efficiently than Non-Systematic?”
Journal of Credit Risk

Procasky, Anwen Yin
“Identifying the True Nature of Price Discovery and Informational Flow in Investment Grade CDS and Equity Markets”
Journal of Emerging Market Finance

Procasky, Anwen Yin
“Robust Forecast Combination for Elusive Market Risk Premium Predictability”
International Trade Journal

Presentations

Auckland Centre for Financial Research Derivatives Markets Conference 2021 Sep. 2021
“Price Discovery and Cross Market Informational Flow in High-Yield Systematic CDS and Equity Markets: Out-of-Sample Evidence”

Southwestern Finance Association Conference Mch. 2021
“Price Discovery and Cross Market Informational Flow in High-Yield Systematic CDS and Equity Markets: Out-of-Sample Evidence” (Selected for Best Paper Award)

25th Annual Western Hemispheric Trade Conference Apr. 2020
“Robust Forecast Combination for Elusive Return Predictability,”
Texas A&M International University

Southwestern Finance Association Conference, Houston, TX Mch. 2019
“The Relative Role of CDS and Bond Markets in Efficiently Pricing Emerging Market Sovereign Credit Risk”

22nd Annual Western Hemispheric Trade Conference, Laredo, TX Apr. 2018
“Price Discovery in CDS and Equity Markets: Do Investors Trade Systematic Credit Default Risk More Efficiently than Non-Systematic?”

19th Annual Western Hemispheric Trade Conference, Laredo, Texas, Apr. 2015
“Efficiency of Capital Markets: Is the Value Premium Dead?”
Texas A&M International University

Southwestern Finance Association Conference, Houston, Texas, Mch. 2015
“Efficiency of Capital Markets: Is the Value Premium Dead?”

Lupcon Center for Business Research Finance and Economics Conference 2014, Munich, Germany Aug. 2014
“Terrorism and Its Impact on the Cost of Debt”

Academy of International Business Conference, Vancouver, Canada Jun. 2014
“Terrorism and Its Impact on the Cost of Debt”

18th Annual Western Hemispheric Trade Conference, Laredo, Texas, Apr. 2014
“Terrorism and Its Impact on the Cost of Debt”
Texas A&M International University

18th Annual Western Hemispheric Trade Conference , Laredo, Texas Apr. 2014
“FFO to Total Debt: A More Efficient Proxy of Capital Structure”
Texas A&M International University

Southwestern Finance Association Conference, Dallas, Texas Mch. 2014
“Funds from Operations to Total Debt: A More Efficient Measure of Leverage for Capital Structure Decision Making”