Mufaddal Baxamusa

Associate Professor, Finance

baxa0428@stthomas.edu

(651) 962-5845

2110 Summit Ave
McNeely Hall 356
St. Paul, MN 55105

Ph.D., , University of Minnesota - Carlson School of Management
M.B.A., , The George Washington University
B.Tech., Bachelor of Technology (Mechanical Engineering), Indian Institute of Technology

See my articles and publications

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.

Fall 2014 Courses
Fall 2014 Courses
Crs - Sec Title Days Time Location
FINC 321 - 07 Financial Management - T - R - - - 0955 - 1135 MCH 117
Description of course Financial Management : CRN: 42714
An examination of the elements of the finance function of the organization as well as the financial analysis of decisions. Topics include working capital management, acquisition of capital, capital budgeting, cost of capital, theories of valuation, and present value. Prerequisites: ACCT 210, ACCT 215, STAT 220 (MATH 313 or STAT 314 for actuarial majors), ECON 251, 252, and junior standing.

Schedule Details

Location Time Day(s)
FINC 600 - 201 Financial Management See Details * *
Description of course Financial Management : CRN: 42727
This course will focus on the financial management of business. It will cover the following subject matter: risk, return, evaluation, cost of capital, capital budgeting, long-term financing, capital structure theory, financial analysis and planning, and working capital management. The international aspect of financial management will be covered as it applies to the subject matter outlined above. -- Prerequisite: OPMT600, ACCT601, GBEC600

Schedule Details

Location Time Day(s)
SCH 3141730-213015 Sep '14
SCH 3141730-213006 Oct '14
SCH 3141730-213027 Oct '14
SCH 3141730-213017 Nov '14
SCH 3141730-213008 Dec '14
J-Term 2015 Courses
J-Term 2015 Courses
Crs - Sec Title Days Time Location
Spring 2015 Courses
Spring 2015 Courses
Crs - Sec Title Days Time Location
FINC 324 - 01 Corporate Finance M - W - - - - 1335 - 1510 MCH 238
Description of course Corporate Finance : CRN: 21976
Scope and objectives of financial management in the corporate setting at an advanced level. The course will explore working capital management, risk, valuation, capital structure theory, capital budgeting and other current topics in finance. It will utilize computer-based financial modeling and forecasting. Prerequisites: FINC 321, MATH 109 or 111 or 113 (may be taken concurrently), and CISC 200 (applies to students under the 2012-14 catalog or later and may be taken concurrently).

Schedule Details

Location Time Day(s)
FINC 324 - 02 Corporate Finance M - W - - - - 1525 - 1700 MCH 238
Description of course Corporate Finance : CRN: 21977
Scope and objectives of financial management in the corporate setting at an advanced level. The course will explore working capital management, risk, valuation, capital structure theory, capital budgeting and other current topics in finance. It will utilize computer-based financial modeling and forecasting. Prerequisites: FINC 321, MATH 109 or 111 or 113 (may be taken concurrently), and CISC 200 (applies to students under the 2012-14 catalog or later and may be taken concurrently).

Schedule Details

Location Time Day(s)
FINC 600 - 201 Financial Management - T - - - - - 1800 - 2100
Description of course Financial Management : CRN: 21988
This course will focus on the financial management of business. It will cover the following subject matter: risk, return, evaluation, cost of capital, capital budgeting, long-term financing, capital structure theory, financial analysis and planning, and working capital management. The international aspect of financial management will be covered as it applies to the subject matter outlined above. -- Prerequisite: OPMT600, ACCT601, GBEC600

Schedule Details

Location Time Day(s)
Academic and Professional Positions
  • Associate Professor, University of St. Thomas - Opus College of Business, Saint Paul / Minneapolis (2014 - present)
  • Assistant Professor, University of St. Thomas - Opus College of Business, St. Paul / Minneapolis (2008 - 2014)
  • Research Analyst, New Century Advisors, (2002 - 2003)
  • Intern, HCL Technologies, Mergers and Acquisitions Group, (2002 - 2002)
  • Financial Analyst, HLL, (1997 - 2000)

Professional Memberships
  • AFA - American Finance Association
  • EFA - Eastern Finance Association
  • FMA - Financial Management Association
  • MFA - Midwest Finance Association

Professional Service
  • Financial Review, Reviewer
  • Journal of Banking Finance and Accounting, Reviewer
  • EFA - Eastern Finance Association, Reviewer
  • FMA - Financial Management Association, Reviewer

Major Works
  • Baxamusa, M. (forthcoming). Network centrality and mergers. Review of Quantitative Finance and Accounting,
  • Baxamusa, M., & Jalal, A. (2014). The effects of corruption on capital structure: when does it matter?. Journal of Developing Areas, (48)(1), pp. 315-335
  • Baxamusa, M., & Jalal, A. (2014). Does religion affect capital structure?. Research in International Business and Finance, (31)(1), pp. 112-131
  • Baxamusa, M., & Georgieva, D. (2013). Two step acquisitions and liquidity spread. Journal of Economics and Finance,
  • Boyd, J., & Baxamusa, M. (2013). Too many banks to fail? Theory and evidence. The Economists' Voice, (10)(1), pp. 7-13
  • Baxamusa, M. (2012). The relationship between underinvestment, overinvestment and CEO's compensation. Review of Pacific Basin Financial Markets and Policies, (15)(3), pp. 1250014-1 - 1250014-26
  • Baxamusa, M. (2011). How well do market timing, catering and classical theories explain corporate decision?. Journal of Financial Research, (34)(2), pp. 217-239
  • Baxamusa, M. (2008). Mergers that create value. (5)(4), pp. 204-218

Research Interests
  • Banking
  • Corporate Finance
  • Initial Public Offerings (IPOs)

Awards and Honors
  • U of M - Carlson School of Management Teaching Award, 2007

Presentations
  • "Unrelated acquisitions" Midwest Finance Association, Orlando, Florida, March 01, 2014
  • "Unrelated acquisitions" Indian School of Business, Hyderabad, India, July 01, 2013
  • "Unrelated acquisitions" EFA - Eastern Finance Association, St Petersburg, Florida, April 01, 2013
  • "Unrelated acquisitions" AFA - American Finance Association, San Diego, California, January 01, 2013
  • "CEOs religious affiliations and corporate decisions" FMA - Financial Management Association, Atlanta, Georgia, October 01, 2012
  • "Why do firms issue debt and equity?" Asian Finance Association International Conference, Taipei, Taiwan, July 01, 2012
  • "Why do firms issue debt and equity?" FMA - Financial Management Association European Conference, Istanbul, Turkey, June 01, 2012
  • "CEOs religious affiliations and managerial conservatism" Eastern Finance Association, Boston, MA, April 01, 2012
  • "The relationship between underinvestment, overinvestment and CEO's pay" Financial Management Associations, Denver, CO, October 01, 2011
  • "Why do firms issue debt and equity?" Eastern Finance Association, Savannah, GA, April 01, 2011
  • "Does religion affect capital structure?" Financial Management Association, New York, NY, October 01, 2010
  • "Why do firms issue debt and equity?" FMA-Financial Management Association, New York, New York, October 01, 2010
  • "Does religion affect capital structure?" EFA - Eastern Finance Association, Miami Beach, Florida, April 01, 2010
  • "Why did tender offers decline?" Eastern Finance Association, Miami Beach, Fl, April 01, 2010
  • "Why did tender offers decline?" Southwest Finance Association, Dallas, TX, March 01, 2010
  • "Does religion affect capital structure?" Midwest Finance Association, Las Vegas, NV, February 01, 2010
  • "Why did tender offers decline?" Midwest Finance Association, Las Vegas, Nevada, February 01, 2010
  • "Does religion affect capital structure?" Suffolk University, Boston, MA, December 01, 2009
  • "Overinvestment, underinvestment and the CEO's equity compensation" Midwest Finance Association, Chicago, Illinois, January 01, 2009
  • "Managerial perception and corporate decisions" Midwest Finance Association, Minneapolis, Minnesota, March 01, 2007