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William J. Procasky

Assistant Professor

Financial Economics Faculty


Program Coordinator for:

  • Financial Economics

procaswj@westminster.edu

(724) 946-7162

curriculum vitae


Campus Location:
   Old Main
   228
Mailbox: 142



Fall 2017 Office Hours:

MWF: 10:45am - 11:45am

TR: 10:00am - 11:00am

(and by appointment)

About Me


  • I bring over 20 years of practitioner experience in financial derivatives, commodity trading, structured finance, corporate banking and economic analysis to the classroom;
  • Most recently, I was Chief Credit Officer for the largest energy derivative trader in North America, responsible for managing a $23 bn credit portfolio;
  • While in corporate banking and structured finance, I worked closely with investment grade and high yield borrowers on a wide variety of loan and asset backed structures;
  • I am also Principal and founder of Procasky Risk Management Advisors LLC and a CFA Charterholder;
  • In addition to my practitioner experience, I have taught university-level finance and economics courses at Texas A&M International University, an AACSB accredited institution and published research in peer reviewed finance journals, with my work appearing in the Journal of International Money and Finance, Journal of Finance and Accounting and CFA Digest;
  • My primary research interests are credit derivatives, financial statement analysis, debt capital markets and financial market efficiency;
  • Finally, I am fluent in German and as a product of an undergraduate liberal arts institution, have first-hand knowledge and experience regarding how such an education can give students a competitive advantage in finance and economics related careers.

Companies worked for:

  • Procasky Risk Management Advisors, Houston TX & Pittsburgh, PA
  • BP Energy Co., Houston, TX
  • ABN AMRO, New York, NY
  • DZ Bank Deutsche Zentral-Genossenschaftsbank AG, New York, NY
  • PNC Bank, Pittsburgh, PA

Academic Background:

  • Ph.D. in International Business Administration (Finance) from Texas A&M International University
  • MBA in Finance from the University of Pittsburgh
  • BA in Mathematics and German from Dickinson College

Publications:

  • 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 CFADigest, 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:

  • “Default Risk Based Heterogeneity in Systematic Information Flow between High Yield Credit Derivative and Equity Markets”
  • “The Cross-Market Efficiency of Systematic Investment Grade Credit and Equity Markets”
  • “Differences in Cross-Market Information Flow between Systematic and Sector based Markets” “
  • "Efficiency of Capital Markets: Is the Value Premium Dead?”
  • “Revisiting the Day of the Week Anomaly using Style Indices” (with Raja, Z. and R. Oyotode)