William Mann

Profile photo of William Mann
“Simple economic principles can be tremendously powerful in organizing our understanding of complex and changing markets. Those principles are just as important as any collection of facts I can teach.”
 

Assistant Professor of Finance

(310) 206-0664

Areas of Expertise

  • Corporate Finance
  • Entrepreneurial and Startup Finance
  • Intangible Assets
  • Secured Lending
  • Venture Capital

About

 

Biography

Assistant Professor of Finance William Mann joined the UCLA Anderson faculty in 2014. He conducts primarily empirical research, focusing on the financing of corporate investment and the real effects of collateral constraints. Mann’s goal in teaching is to help students think logically, using economic principles, when confronted with complex data or terminology.

Mann always knew he would seek a career that allowed him to apply rigorous quantitative techniques to issues of social importance — “being able to put numbers on things that matter,” as he says. “I’m in a numbers-focused field, but finance is also human-focused, in that it reflects people interacting to create wealth, save for the future, and provide for self and family.”

One of his papers investigates companies that use their patent portfolios as collateral to raise debt financing. Mann used data from the U.S. Patent Office to demonstrate that the phenomenon is more common than previously recognized, and the Patent Office subsequently cited this work in a white paper supporting its initiative to make its data more easily accessible. “The Patent Office is very visible, so this recognition was extremely encouraging,” says Mann, who was glad to see his work having an impact outside his specific academic field. Other current projects explore the structure of venture debt contracts, and how government financial aid affects college tuition.

Mann has received research awards from the Western Finance Association and the Wells Fargo Advisors Center for Finance and Accounting Research. He teaches corporate finance in the MBA, FEMBA, and Ph.D. programs at UCLA Anderson.

 

Education

Ph.D. Finance, The Wharton School, University of Pennsylvania

M.S. Finance, Owen Graduate School of Management, Vanderbilt University

B.S. Mathematics and Economics, University of Georgia

 

Working Papers

Creditor Rights and Innovation: Evidence from Patent Collateral (revise and resubmit, Journal of Financial Economics)
• Cubist Systematic Strategies Ph.D. Candidate Award for Outstanding Research, 2014
• Olin Finance Ph.D. Dissertation Award in Honor of Professor Stuart I. Greenbaum, 2013

Financing Through Asset Sales (with Alex Edmans; revise and resubmit, Management Science)

Market Power and Incidence in Higher Education (with Mahyar Kargar)

Collateral Constraints, Wealth Effects, and Volatility: Evidence from Real Estate Markets (with Barney Hartman-Glaser)

 

Research in Progress

Student debt, savings, and entrepreneurship (with Mahyar Kargar)

What is the cost of renegotiation? (with Michael Roberts)