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, Indian Institute of Technology
M.B.A., Finance, 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 corporate finance (mergers and acquisitions, executive compensation, corporate governance, financing policies, investment decisions) and investments (trading strategies, abnormal returns, hedge funds). He is widely published in leading academic journals, including Financial Management, and has been invited for presentations at universities, and prestigious national conferences, including the annual meeting of the American Finance Association. He has also been quoted in the media as a subject area expert and has won many awards for his research. Dr. Baxamusa earned his Ph.D. from the University of Minnesota and an M.B.A. from George Washington University.

Fall 2018 Courses
Fall 2018 Courses
Crs - Sec Title Days Time Location
FINC 324 - D02 Corporate Finance - T - R - - - 0955 - 1135 MCH 231
Description of course Corporate Finance : CRN: 42936 4 Credit Hours
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, ACCT 215 (or ACSC 320 for actuarial majors) and MATH 109 or 111 or 113 (may be taken concurrently), and CISC 200 (may be taken concurrently) (or CISC 130 or CISC 131 for actuarial majors)
Schedule Details
Location Time Day(s)
FINC 324 - D03 Corporate Finance - T - R - - - 1330 - 1510 MCH 108
Description of course Corporate Finance : CRN: 42937 4 Credit Hours
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, ACCT 215 (or ACSC 320 for actuarial majors) and MATH 109 or 111 or 113 (may be taken concurrently), and CISC 200 (may be taken concurrently) (or CISC 130 or CISC 131 for actuarial majors)
Schedule Details
Location Time Day(s)
J-Term 2019 Courses
J-Term 2019 Courses
Crs - Sec Title Days Time Location
Spring 2019 Courses
Spring 2019 Courses
Crs - Sec Title Days Time Location
FINC 321 - 07 Financial Management - T - R - - - 0955 - 1135 MCH 117
Description of course Financial Management : CRN: 22084 4 Credit Hours
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, STAT 220 (or MATH 313 or STAT 314 for actuarial majors), ECON 251, 252, and Sophomore standing
Schedule Details
Location Time Day(s)
FINC 321 - 08 Financial Management - T - R - - - 1330 - 1510 MCH 233
Description of course Financial Management : CRN: 22085 4 Credit Hours
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, STAT 220 (or MATH 313 or STAT 314 for actuarial majors), ECON 251, 252, and Sophomore standing
Schedule Details
Location Time Day(s)
FINC 600 - 201 Financial Management See Details * *
Description of course Financial Management : CRN: 22103 3 Credit Hours
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. Prerequisites: OPMT 600, ACCT 601, and GBEC 600 or GBEC 625
Schedule Details
Location Time Day(s)
TMH 4601730-213004 Feb '19
-- - - - - - -
TMH 4601730-213025 Feb '19
TMH 4601730-213018 Mar '19
TMH 4601730-213015 Apr '19
TMH 4601730-213006 May '19
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

Public Service
  • Charter School Authorization Board, Committee Member

Publications
  • Baxamusa, M., & Jalal, A. (2018). Industry networks and IPO waves. Journal of Banking and Finance, (88), pp. 129-146
  • Baxamusa, M., Jalal, A., & Jha, A. (2018). It pays to partner with a firm that writes annual reports well. Journal of Banking and Finance, (92), pp. 13-34
  • Baxamusa, M., & Jalal, A. (2016). CEOs religious affiliation and managerial conservatism. Financial Management, pp. 1-38
  • Baxamusa, M., Javaid, S., & Harery, K. (2016). Why do firms purchase used assets?. International Review of Finance, (16)(2), pp. 243-264
  • Baxamusa, M., Javaid, S., & Harery, K. (2015). Network centrality and mergers. Review of Quantitative Finance and Accounting, (44)(3), pp. 393-423
  • Baxamusa, M., Mohanty, S. K., & Rao, R. (2015). Information asymmetry about investment risk and financing choice. Journal of Business Finance and Accounting, (16)(2), pp. 243-264
  • Baxamusa, M., & Jalal, A. (2014). Does religion affect capital structure?. Research in International Business and Finance, (31)(1), pp. 112-131
  • 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., & Jandik, 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. (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
  • Susan E. Heckler Research Award for Excellence in Research, 2017
  • U of M - Carlson School of Management Teaching Award, 2007

Presentations
  • "Real IPO Waves" Midwest Finance Association Annual Meeting, San Antonio, Texas, March 01, 2018
  • "Mergers and Shareholder Returns" University of Minnesota Law School, Minneapolis, Minnesota, January 01, 2017
  • "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
  • "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?" Eastern Finance Association, Miami Beach, Fl, 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