Bill Petty

Professor of Finance and W.W. Caruth Chair of Entrepreneurship - Finance, Insurance & Real Estate

Contact Information

Email:	Bill_Petty@baylor.edu
Campus Phone:	(254) 710-2260
Fax:	(254) 710-1092
Mailing Address:	One Bear Place, #98004 Waco, TX  76798-8004
Office Location:	HSB 338

Educational Background

• Ph D - Business Administration, UNIV TEXAS AUSTIN, 1971
• MBA - Finance, UNIV TEXAS AUSTIN, 1969
• BS - Marketing, ABILENE CHRSTN UNIV ABILENE, 1964

Work Experience

• Board of Directors, HKN Energy (January 2000 - Present)
• Financial Executive Institute, Academic Advisory Council (January 1998 - December 2000)
• Member Advisory Group, Australian government (January 1997 - December 1997)
• Subject Matter Expert, American Productivity & Quality Center (January 1997 - December 1997)
• Professor of Finance &the W.W. Caruth Chair of Entrepreneurship, Finance, Insurance, & Real Estate Department (1990 - Present)
• Visiting Professor, University of Texas at Austin (January 1990 - July 1990)
• Visiting Professor, Northeastern Unversity (June 1983 - August 1983)
• Visiting Professor, Northeastern University (June 1981 - August 1981)
• Dean, College of Business Administration, Abilene Cristian University (1981 - 1989)
• Professor of Finance, Abilene Christian University (1979 - 1990)
• Visiting professor, Northeastern University (June 1978 - August 1978)
• Visiting Professor, Northeastern University (June 1974 - August 1974)
• Faculty Intern, U.S. Treasury (June 1973 - August 1973)
• Professor of Finance, Texas Tech University (1973 - 1979)
• Assistant Professor, Virginia Tech University (1970 - 1973)

Consulting

• Management, HKN Energy, Spouth Lake, TX (October 1, 2002 - Present)

Awards and Honors

• National Entrepreneurship Teacher of the Year, Acton Foundation for Entrepreneurial Excellence (2008)
• Designated as Master Teacher, Baylor University (2004)
• Distinguished Professor Award, Hankamer School of Business (2001)
• Nominee for the Piper Outstanding Professor Award, Baylor University (2000)
• Nominee for the Piper Outstanding Professor Award, Baylor University (1999)
• Outstanding University Professor, Baylor University (1998)
• Outstanding Professor, Hankamer School of Business (1997)

Licensures and Certifications

• CPA (inactive), State of Texas

Professional Memberships

• American Finance Association
• Financial Management Association

Publications

Financial Management of the Small Firm, Englewood Cliffs, New Jersey: Prentice-Hall, Inc., 1986 (coauthors: Ernest Walker).

Discipline-based Scholarship

"A Survey of EVA and Other Residual Income Models of Firm Performance," Journal of Finance Literature, Vol. 1, (January 2005) (coauthors: John D. Martin, Steven P. Rich).

"Harvesting Firm Value: Process and Results," Entrepreneurship 2000, eds. Donald L. Sexton and Raymond W. Smilor, (1997), pp. pp. 71-98.

Contributions to Practice

Harvesting Company Value: John Wiley & Sons, 2003.

"Value Based Management: Corporate America's Response to the Shareholder Revolution," Baylor Business Review, Vol. 19, No. 1, (April 2001), pp. 3-Feb (coauthors: John D. Martin).

"Harvesting Value from Entrepreneurial Success," Bank of America Journal of Applied Corporate Finance, Vol. 12, No. 4, (Winter 2000), pp. pp. 81-93 (coauthors: John W. Kensinger and John D. Martin).

Harvesting Investments in Private Companies, Newark, NJ: Financial Executives Research Foundation Inc., 1999 (coauthors: John D. Martin and John W. Kensinger).

Learning and Pedagogical Research

"Free Cash Flow, the Cash Flow Identity, and the Accounting Statement of Cash Flows," Journal of Financial Education, (Fall 2009) (coauthors: John T. Rose).

Small Business Management: An Entrepreneurial Emphasis, 14e: South-Western College Publishing, 2008 (coauthors: Justin G. Longenecker Carlos W. Moore Leslie Palich).

Foundations of Finance, 6e: Prentice Hall, Inc., 2007 (coauthors: Arthur J. Keown, David F. Scott , Jr., and John D. Martin).

Cases in Finance, Englewood Cliffs, New Jersey: Prentice-Hall, Inc., 1992 (coauthors: John D. Martin, D. F. Scott, J. B. Thatcher).

Manajemen Keuangan, Upper Saddle River, NJ: Pearson Publishing Co (coauthors: John D. Martin).

Small Business Management (coauthors: Carlos Moore, Leslie E. Palich, Jim Roberts).

Presentations and Proceedings

"Entrepreneurial Finance: A Dialogue Between Academicians and Venture Capitalists," presented at the Financial Management Asociation Meetings, October 2005.

"The Venture Caoital Process in China," presented at the Babson-Kauffman REsearch Conference, June 2003.

"Solving the Succession Problem in Europe Using Tools from American Financial Margets," presented at the European Financial Management Association Meetings, April 2003.

"A Survey of the Foundations of Residual Income Performance Measures and a Synthesis of Recent Developments," presented at the Financial Managment Association Annual Meetings, October 2002.

Discipline-based Scholarship

"The Limitations of Residual Income as a Measure of Firm Performance," presented at the Financial Management Association Annual Meeting, San Antonio, TX, October 2002 (coauthors: John D. Martin and Steven P. Rich).

"The Limitations of Residual Income as a Measure of Firm Performance," presented at the Financial Management Association Annual Meeting, San Antonio, TX, October 2002 (coauthors: John D. Martin, Steven P. Rich).

"Economic Value and Residual Income: An Assessment of Recent Advances in Measuring and Rewarding Firm Performance," presented at the Financial Management Association Annual Meeting, 2002 (coauthors: John D. Martin, Steven P. Rich).

"Managerial Horizons, EVA Based Compensation, and Shareholder Wealth," presented at the Financial Management Association Annual Meeting, Seattle, WA, October 2000 (coauthors: John D. Martin and Steven P. Rich).

"The Harvesting Process from the Entrepreneur's Perspective," presented at the Financial Management Association Annual Meeting, Seattle, WA, October 2000 (coauthors: John D. Martin and John W. Kensinger).

"Managerial horizons, EVA based compensation, and shareholder wealth," presented at the Financial Management Association Annual Meeting, Seattle, 2000 (coauthors: John D. Martin, Steven P. Rich).

"Financial Practices of High-Growth Entrepreneurial Firms," presented at the Financial Management Association Annual Meeting, Orlando, FL, October 1999.

Learning and Pedagogical Research

"Creating and benefitting from an angel network: The Baylor Angel Network," presented at the Global Consortium of Entrepreneurship Centers, Houston, September 2009 (coauthors: Kendall W. Artz).

""Best Practices in the Small Business Class"," presented at the USASBE, Anaheim, California, January 2009 (coauthors: Marlene Reed, J. David Allen, Mary Abrahams, Kendall W. Artz, Leslie E. Palich).

"Teaching Economic Value Added to Undergraduate Students," presented at the Financial Education Association Annual Meeting, Orlando, Fl, 2003 (coauthors: Steven P. Rich, John D. Martin).