Chris J. Muscarella
Emeritus Professor of Finance
L. W.'Roy' and Mary Lois Clark Teaching Fellow
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 Texas, Duke University, 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 in Finance, Purdue University, West Lafayette, IN, 1983-06-01 MBA in Finance, University of Notre Dame, Notre Dame, IN, 1976-01-01 BS in Electrical Engineering, University of Notre Dame, Notre Dame, IN, 1974-01-01
Courses Taught
B A 523 – IT Strategy
An introduction to information technologies critical to business organizations.
B A 531 – Introduction to Finance
An examination of the techniques available to aid the financial manager in decision making.
B A 596 – Individual Studies
Creative projects, including nonthesis research, which are supervised on an individual basis and which fall outside the scope of formal courses.
FIN 305M – Financial Management of the Business Enterprise (Honors) (M)
Development of advanced practices of financial management and their application to decision making in a business firm.
FIN 305M – Financial Management of the Business Enterprise (M)
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 (W)
Development of advanced practices of financial management and their application to decision making in a business firm.
FIN 405 – Advanced Financial Management
An examination of the development and application of decision rules for major long-term financial and investment problems of the firm.
FIN 550 – Finan Anly and Valu
FIN 550 – Financial Analysis and Valuation
Builds upon and reinforces the theoretical and institutional finance frame- works learned in introductory business finance.
FIN 563 – Financial Management Simulation and Corporate Interaction
An immersion experience in financial decision-making through a simulation exercise and interaction with senior financial officers.
FIN 565 – Investment Management Portfolio Analysis Immersion
An intensive familiarization with the Smeal College Trading Room in combina- tion with a visit to Wall Street trading rooms.
FIN 571 – Strategic Financial Management
Comprehensive course in corporate finance and the strategic implications of various financial decisions.
FIN 575 – Venture Capital and Private Equity
An introduction to and an in-depth analysis of venture capital and private equity.
FIN 583 – Modern Portfolio Management: Theory and Practice
Theoretical foundations and tools needed for structuring, managing, and monitoring the performance of an investment portfolio.
FIN 596
Creative projects, including nonthesis research, which are supervised on an individual basis and which fall outside the scope of formal courses.
FIN 596 – Individual Studies
Creative projects, including nonthesis research, which are supervised on an individual basis and which fall outside the scope of formal courses.
FIN 597A – Asset Pricing Theory (A)
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 597B – Topics in Finance (B)
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 601 – PH.D. DISSERTATION FULL-TIME
NO DESCRIPTION.
IMBA 517 – Corporate Governance
Study of interrelationships among shareholders, boards of directors, andmanagers (owner agents) and other stakeholders in a modern publiccorporation.
MGMT 597D – Managing & Leading/New Economy (D)
Creative projects, including nonthesis research, which are supervised on an individual basis and which fall outside the scope of formal courses.