Corporate Restructuring
By: Robert M. Dammon, Professor of Financial Economics

Course Syllabus

Summary:
In this course, Robert Dammon examines the economic, legal, and financial factors that underlie major corporate restructuring transactions. These transactions include mergers and acquisitions, takeovers, tender offers, divestitures, LBOs and leveraged recapitalizations, liquidations and bankruptcy reorganizations. The economic rationale for each type of restructuring transaction is explored and the empirical evidence that relates to how these transactions affect the welfare of stockholders, managers, and other stakeholders is discussed.

A Three-Factor Approach for Hedging Mortgage-Backed Securities
By: Kenneth B. Dunn, Frank J. Fabozzi, Michael M. Luo and Robert M. Sella

In The Handbook of Mortgage Backed Securities. McGraw-Hill. 2006

Summary:
Because of the spread offered on agency mortgage-backed securities (MBS), they outperform government securities with the same interest-rake risk, and therefore they can be used to generate enhanced returns relative to a benchmark when the yield advantage of MBS is attractive.

Optimal Asset Location and Allocation with Taxable and Tax-Deferred Investing
By: Robert M. Dammon, Chester Spatt and Harold Zhang

Journal of Finance 59, 2004; 999-1037.

Summary:
We investigate optimal intertemporal asset allocation and location decisions for investors making taxable and tax-deferred investments. We show a strong preference for holding taxable bonds in the tax-deferred account and equity in the taxable account, reflecting the higher tax burden on taxable bonds relative to equity.

Studies in Corporate Finance
By: Robert Dammon, Professor of Financial Economics

Course Syllabus

Summary:
Robert Dammon, Professor of Financial Economics, provides a course syllabus for Studies in Corporate Finance. Studies in Corporate Finance is an applied case studies course covering topics in corporate finance such as capital budgeting cost of capital estimation dividend policy risk management company valuation and real options. The readings required for this course are identified below.