Mufaddal Baxamusa

Associate Professor, Finance

baxa0428@stthomas.edu

(651) 962-5845

2115 Summit Ave
McNeely Hall 356
St. Paul, MN 55105

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

See publications in UST Research Online

Mufaddal Baxamusa's research focuses on mergers and acquisitions, capital structure, the choices between different investment decisions, and the human aspects underlying decisions in finance. He is widely published in leading academic journals, including Financial Management, and presents at prestigious national conferences, including the annual meeting of the American Finance Association. Baxamusa earned his Ph.D. from the University of Minnesota and an M.B.A. from George Washington University.

Summer 2015 Courses
Summer 2015 Courses
Crs - Sec Title Days Time Location
Fall 2015 Courses
Fall 2015 Courses
Crs - Sec Title Days Time Location
FINC 324 - 01 Corporate Finance - T - R - - - 0955 - 1135 MCH 236
Description of course Corporate Finance : CRN: 42936
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 - T - R - - - 1330 - 1510 MCH 236
Description of course Corporate Finance : CRN: 42937
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 718 - 201 Mergers and Acquisitions - - W - - - - 1800 - 2100 SCH 419
Description of course Mergers and Acquisitions : CRN: 43157
This is a specialized graduate level finance course in mergers and acquisitions (M&A). The topics covered in this course include introduction to M&A environment, M&A valuation techniques, modeling of cash flows, synergies, and offer price, analysis & valuation of privately held companies, analysis of financial implications of various deal structures and anti-takeover techniques, and financing M&A transactions including leveraged buyouts. This course presumes that students have knowledge of basic accounting and financial management concepts and tools. Prerequisite: FINC 600 Financial Management
Schedule Details
Location Time Day(s)
J-Term 2016 Courses
J-Term 2016 Courses
Crs - Sec Title Days Time Location
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
  • Applied Corporate Finance Conference, Reviewer
  • EFA - Eastern Finance Association, Reviewer
  • FMA - Financial Management Association, Reviewer
  • Financial Review, Reviewer
  • Journal of Banking Finance and Accounting, Reviewer
  • Research in International Business and Finance, Reviewer

Publications
  • Baxamusa, M., Mohanty, S. K., & Rao, R. (forthcoming). Information asymmetry about investment risk and financing choice. Journal of Business Finance and Accounting,
  • Baxamusa, M., & Jalal, A. (2015). CEOs religious affiliation and managerial conservatism. Financial Management, pp. 1-38
  • Baxamusa, M., Javaid, S., & Harery, K. (2015). Network centrality and mergers. Review of Quantitative Finance and Accounting, (44)(3), pp. 393-423
  • 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, (37)(1), pp. 1-23
  • 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

Books and Chapters

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?" 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
  • "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
  • "Why do firms issue debt and equity?" FMA-Financial Management Association, New York, New York, October 01, 2010
  • "Does religion affect capital structure?" Financial Management Association, New York, NY, October 01, 2010
  • "Why did tender offers decline?" Eastern Finance Association, Miami Beach, Fl, April 01, 2010
  • "Why did tender offers decline?" Eastern Finance Association, Miami Beach, Fl, April 01, 2010
  • "Does religion affect capital structure?" EFA - Eastern Finance Association, Miami Beach, Florida, April 01, 2010
  • "Why did tender offers decline?" Southwest Finance Association, Dallas, TX, March 01, 2010
  • "Why did tender offers decline?" Southwest Finance Association, Dallas, TX, March 01, 2010
  • "Why did tender offers decline?" Midwest Finance Association, Las Vegas, Nevada, February 01, 2010
  • "Does religion affect capital structure?" Midwest Finance Association, Las Vegas, NV, 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