Faculty & Research

Mufaddal Baxamusa

Assistant Professor: Finance Department
 

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Mufaddal Baxamusa’s research focusses on the sources of gain from mergers and acquisition, the different aspects of the decisions underlying capital structure, the choices amongst the different corporate investment decisions and the human aspects underlying corporate finance decisions. He has published widely in leading academic journals (e.g. Journal of Financial Research), presented at prestigious national conferences (e.g. American Finance Association annual meetings)  and been quoted in newspapers.

Baxamusa has a Ph.D. from the University of Minnesota and an M.B.A. from the George Washington University.

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Academic Background

MBA, finance and investment, George Washington University
Ph.D., finance, University of Minnesota


Research Specialties

  • Executive compensation
  • Mergers and acquisitions
  • Behavioral finance 
  • Capital structure
  • Diversification


Major Works

  • "Too Many to Fail? Theory and Evidence," Economists' Voice, forthcoming.
  • Baxamusa, Mufaddal and Dobrina Georgieva, "Two-Step Acquisitions and the Bidders’ Share of Synergy," Journal of Economics and Finance, forthcoming.
  • Baxamusa, Mufaddal and Abu Jala, "Does Religion Affect Capital Structure?" Research in International Business and Finance, forthcoming.
  • Baxamusa, Mufaddal and Abu Jala, "The Effects of Corruption on Capital Structure: When Does It Matter?"  Journal of Developing Areas 48 (2013).
  • "The Relationship between Underinvestment, Overinvestment and CEO's Compensation," Review of Pacific Basin Financial Markets and Policies 15/3 (2012):  1250014-1 - 1250014-26. 
  • "How well do Market Timing, Catering and Classical Theories Explain Corporate Decisions," Journal of Financial Research 34/2 (2011): 217-239.


Conference Presentations

  • “Unrelated Acquisitions.” Paper presented at the American Finance Association conference, San Diego, California, January, 2013.
  • “Unrelated Acquisitions.” Paper presented at the Eastern Finance Association annual meetings, St. Pete’s Beach, Florida, April, 2013.
  • “CEOs Religious Affiliations and Corporate Decisions.” Paper presented at the Financial Management Association Annual Meeting, October, 2012.
  • “CEOs Religious Affiliations and Corporate Decisions”, Eastern Finance Association Annual Meeting, April 2012. 
  • “Over vs. Underinvestment and CEO’s Pay.” Paper presented at the annual meetings of the Financial Management Association, Denver, Colorado, October, 2011.
  • “Why do Firms Issue debt and Equity?” Paper presented at the annual meetings of the Eastern Finance Association, Savannah, Georgia, April, 2011.
  • “Why do Firms Issue debt and Equity?” Paper presented at the annual meetings of the Financial Management Association, New York City, New York, October, 2010.
  • “Does Religion Affect Capital Structure.” Paper presented at the annual meetings of the Financial Management Association, New York City, New York, October, 2010.
  • “Why Did Tender Offers Decline?” Paper presented at the annual meetings of the Eastern Finance Association, Miami, Florida, April, 2010.
  • “Why Did Tender Offers Decline?” Paper presented at the annual meetings of the Midwest Finance Association, Las Vegas, Nevada, February, 2010.
  • “Does Religion Affect Capital Structure." Paper presented at the annual meetings of the Eastern Finance Association, Miami, Florida, April 2010.


Significant Scholarly Honors

  • Teaching Award, Spring 2007
  • AFA Travel Grant, January 2007
  • Tony Diggs Award for excellence in programming, Fall 2006
  • Finalist, Juran Fellowship competition 2005
  • Received Graduate School Fellowship during first year of PhD studies in 2003-2004
  • Won the prestigious Bernard J Nees/Washington Mutual Award for excellence in academics in April 2002
  • Member of Beta Gamma Sigma National Honor society, inducted in April 2002
  • Received the National Collegiate Business Award from US Achievement Academy in May 2002
  • Received the Global Leaders Fellowship Award, a full tuition scholarship for the years 2000-2002.


Memberships

  • AFA - American Finance Association, Current, National
  • EFA - Eastern Finance Association, Current, Regional, Reviewer 
  • FMA - Financial Management Association, Current, National, Session Chair 2010-current, Reviewer 2011-current 
  • Midwest Finance Association, Current, Regional


Community Relationships

  • Referee - Financial Review, Journal of Business Finance and Accounting