Chris J. Muscarella

Color portrait of Chris J. Muscarella

Professor, L. W.'Roy' and Mary Lois Clark Teaching Fellow

Department Finance
Office Address 363 Business Building
Phone Number 814-865-1481
Email Address cjm13@psu.edu

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Chris J. Muscarella is Professor of Finance and the L. W. 'Roy' and Mary Lois Clark Teaching Fellow at the Smeal College of Business Administration of The Pennsylvania State University. His teaching interests center on corporate finance and he has won twenty-one teaching awards from the Master of Business Administration students at Penn State. He has been ranked as one of the outstanding faculty at Penn State in the Business Week Guide to the Best Business Schools. He was named a J. William Fulbright Distinguished Chair at Portuguese Catholic University for the spring of 2001.Prior to coming to Penn State, he held an appointment as Senior Financial Economist with the U.S. Securities and Exchange Commission in Washington, DC where he worked on insider trading cases and public policy issues. Professor Muscarella has served on the faculties of the Darden School at the University of Virginia, the University of Chicago,Southern Methodist University, the University of Utah, the University of Oregon and the University of Notre Dame. He has also taught in executive MBA programs and numerous executive education programs. Professor Muscarella has authored case studies that are used in universities all over the U.S.

Expertise

Professor Muscarella's current research interests include the valuation of corporate patents and the impact of management compensation plans on corporate spending decisions. He has published numerous research articles including papers in The Journal of Finance, The Journal of Financial Economics,The Journal of Financial Research, The European Finance Review and The Journal of Applied Corporate Finance. His research has over 3000 citations in textbooks and academic journals and has been highlighted in The New York Times, Fortune, The Economist, The Chicago Sun-Times, The Dallas Morning News and The CFA Digest. Professor Muscarella has made over fifty research presentations in the U.S., Europe, and Asia. He is a former Associate Editor for The Journal of Financial Research. He served as Program Chair for the 2002 Financial Management Association annual conference and as President of FMA in 2005.

Education

Ph D, Finance, Purdue University, 1983

MBA, Finance, University of Notre Dame, 1976

BS, Electrical Engineering, University of Notre Dame, 1974

Courses Taught

IMBA 517 – Corporate Governance (2)
Study of interrelationships among shareholders, boards of directors, andmanagers (owner agents) and other stakeholders in a modern publiccorporation.

FIN 550 – Financial Analysis and Valuation (2)
Builds upon and reinforces the theoretical and institutional finance frame- works learned in introductory business finance.

FIN 405 – Advanced Financial Management (3)
An examination of the development and application of decision rules for major long-term financial and investment problems of the firm.

FIN 571 – Strategic Financial Management (2)
Comprehensive course in corporate finance and the strategic implications of various financial decisions.

B A 531 – Introduction to Finance (Variable)
An examination of the techniques available to aid the financial manager in decision making.

FIN 305M – Financial Management of the Business Enterprise (Honors) (3)
Development of advanced practices of financial management and their application to decision making in a business firm.

FIN 305W – Financial Management of the Business Enterprise (3)
Development of advanced practices of financial management and their application to decision making in a business firm.

FIN 597B – Topics in Finance (4)
This course covers selected topics in Finance. Students will analyze topics such as risk management, usages of derivatives, investment policies, risk and return for financial assets, firm valuation, and capital structure. The topics may change from year t

FIN 597A – Asset Pricing Theory (3)
This course covers selected topics in Finance. Students will analyze topics such as risk management, usages of derivatives, investment policies, risk and return for financial assets, firm valuation, and capital structure. The topics may change from year t

FIN 596 – Individual Studies (variable)
Creative projects, including nonthesis research, which are supervised on an individual basis and which fall outside the scope of formal courses.

FIN 601 – PH.D. DISSERTATION FULL-TIME
NO DESCRIPTION.

B A 596 – Individual Studies (variable)
Creative projects, including nonthesis research, which are supervised on an individual basis and which fall outside the scope of formal courses.

FIN 563 – Financial Management Simulation and Corporate Interaction (2)
An immersion experience in financial decision-making through a simulation exercise and interaction with senior financial officers.

FIN 583 – Modern Portfolio Management: Theory and Practice (2)
Theoretical foundations and tools needed for structuring, managing, and monitoring the performance of an investment portfolio.

B A 523 – IT Strategy (1)
An introduction to information technologies critical to business organizations.

FIN 565 – Investment Management Portfolio Analysis Immersion (2)
An intensive familiarization with the Smeal College Trading Room in combina- tion with a visit to Wall Street trading rooms.

MGMT 597D – Managing & Leading/New Economy (1)
Creative projects, including nonthesis research, which are supervised on an individual basis and which fall outside the scope of formal courses.

FIN 575 – Venture Capital and Private Equity (2)
An introduction to and an in-depth analysis of venture capital and private equity.

Editorship

Financial Management Association, Survey and Synthesis Series, Associate Editor, January 2000 - January 2010