Professor of Management

Professor of Finance; Smith Foundation Chair of Business Integrity

Department of Management


Ph.D. in Economics at the University of Chicago
MBA in Finance at Stanford University
BA in Economics and Applied Mathematics at Centre College


Dr. William E. Jackson III is Professor of Management, Professor of Finance, and the J. Craig Smith Endowed Chair of Business Integrity in the Culverhouse College of Business at the University of Alabama.

Dr. Jackson’s main research areas are entrepreneurial finance, venture capital and private equity, consumer finance, corporate governance, industrial economics, strategic economics, financial literacy, financial markets and institutions, and social justice and economic inequality.

Dr. Jackson received a BA in economics and applied mathematics at Centre College, an MBA in finance at Stanford University, and a Ph.D. in economics at the University of Chicago.

Before joining the faculty at the University of Alabama, Dr. Jackson was a financial economist and associate policy advisor in the Research Department at the Federal Reserve Bank of Atlanta. At the Atlanta Fed, Dr. Jackson conducted original research on financial markets and financial institutions. He was also an advisor to the Bank on the making of U.S. monetary policy. Previous to his position at the Federal Reserve Bank of Atlanta, Dr. Jackson was a tenured professor of finance at the Kenan-Flagler Business School of the University of North Carolina at Chapel Hill.

Dr. Jackson’s research has been published in some of the leading academic journals in the areas of entrepreneurship, empirical economics, management, and finance. His articles have appeared in such journals as, the Journal of Business Venturing, the Journal of Corporate Finance, the Review of Economics and Statistics, the Journal of Money Credit and Banking, the Review of Industrial Organization, the Journal of Banking and Finance, Management Science, the Journal of Small Business Management, Small Business Economics Journal, and The Annals of the American Academy of Political and Social Science. His research on small firm and entrepreneurial finance has been sponsored by the prestigious Kauffman Foundation.

In July 2004, Dr. Jackson provided expert testimony before the U.S. House of Representatives on the deregulation of credit unions. In the fall of 2010, Dr. Jackson presented expert testimony in a major case that involved a trillion dollar commercial bank merger, the financial crisis of 2007-2008, and contract nullification. In the spring of 2012, Dr. Jackson received the Associate Editor of the Year award from the Journal of Small Business Management. From 2013 to 2017, Dr. Jackson served as Chair of the Management Department at the Culverhouse College of Business. During 2017, Dr. Jackson also served as Interim Chair of the Economics, Finance, and Legal Studies Department at Culverhouse. And, in 2020, Dr. Jackson was asked to serve in his current position as a Senior Associate Editor at the Journal of Small Business Management.

Selected Publications

Introduction to the Special Issue on Entrepreneurship Processes. Journal of Small Business Management (forthcoming 2023). [with Laura Castaldi, Louis Marino, and Diego Matricano].

The Impact of Federal Home Loan Bank (FHLB) Advances on Small Business Lending by Community Banks—2010–2016. Entrepreneurship Research Journal (forthcoming 2023). [with Elijah Brewer III and Thomas Mondschean].

Is There a Racial Gap in CEO Compensation? Journal of Corporate Finance, 69, (August 2021), 102043. [with X. Guo, V.K. Gupta, and Sandra C. Mortal].

The Impact of FHLB Advances on Bank Holding Company Lending over the Credit Cycle. Journal of Financial Research, 41 (2018): 415-443. [with Elijah Brewer III and Thomas Mondschean].

Size Matters: The Impact of Loan Size on Measures of Disparate Treatment toward Minority Entrepreneurs in the Small Firm Credit Market. Entrepreneurial Research Journal, 8 (2018). [With Louis D. Marino, Jefrey S. Naidoo, and Reginald L. Tucker].

The Underserved Market Hypothesis: Evidence from the Minority-Oriented Venture Capital Industry. Small Business Economics Journal, 50 (2018): 445-463. [with Timothy Bates and William Bradford].

Does Organizational Form Impact Pricing Asymmetry? Evidence from Nonprofit Financial Institutions. Southern Economic Journal, 81 (2014): 506–518.

The Importance of Financial Market Development on the Relationship between Loan Guarantees for SMEs and Local Market Employment Rates. Journal of Small Business Management, 52 (2014): 126-140. [with Craig Armstrong, Ben Craig, and James Thomson].

Does Venture Capitalist Activism Improve Investment Performance? Journal of Business Venturing, 26 (2012): 342-354. [with Timothy Bates and William Bradford].

Black Economic Empowerment Transactions in South Africa: Understanding when Corporate Social Responsibility May Create or Destroy Value. Long Range Planning, 43 (2011): 229-249. [with Todd M. Alessandri and Sylvia Sloan Black].

Public Policy in Support of Small Business: The American Experience. Ohio State Entrepreneurial Business Law Journal, 6 (2011), no. 2. [with Ben R. Craig and James B. Thomson].