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Patrick Cusatis, Ph.D., CFA, Assistant Professor of Finance

School: Business Administration

Patrick Cusatis

Hometown:  Hazleton, PA

Education Information: B.S. (Finance) Penn State – 1988, Ph.D. (Finance) Penn State - 1992.  Chartered Financial Analyst certification - 2006

Recent and notable publications, awards, and honors:

“An Analysis of the Failed Municipal Bond and Note Futures Contracts” Journal of Futures Markets, Forthcoming, Spring 2008.
“Municipal Bond Basis” Municipal Finance Journal, October 2006, Volume 27, No. 3.

Hedging Instruments and Risk Management (with Martin Thomas), McGraw-Hill, New York, 2005.

Streetsmart Guide to Valuing a Stock (2nd Ed.) (with Gary Gray and J. Randall Woolridge), McGraw Hill, New York, 2004.

 “Monetizing the Value of a Municipal Call Option” The Financier August 1996, Volume 3, No.2.
Municipal Derivative Securities: Uses and Valuation (with Gary Gray), Irwin Professional Publishing, Chicago, IL, 1995.

"Some New Evidence that Spinoffs Create Value" (with James A. Miles and J. Randall Woolridge) Journal of Applied Corporate Finance Summer 1994, Volume 7, No.2.

"Restructuring through Spinoffs: The Stock Market Evidence” (with James A. Miles and J. Randall Woolridge) Journal of Financial Economics, Volume 33, June 1993.

"Understanding and Valuing Municipal Derivatives" (with Gary Gray) Municipal Finance Journal, Volume 14, Summer 1993.

"Pacific-Basin Capital Markets: A Multivariate GARCH-M Dynamic System" (with Shin-Herng Chu). Rising Asian Capital Markets: Empirical Studies, JAI Press, 1992.

Favorite TV show and/or music: Seinfeld and Led Zeppelin

Hobbies: Fly-fishing and walleye fishing (preferably with my son), woodworking (preferably by myself), sporting clays (preferably with some friends), playing guitar (with anyone).

What is the best thing about being a professor at Penn State Harrisburg? Small classes, good students, and good resources and free a Wall Street Journal every day.

How does your research influence your teaching? I frequently use my current and past research topics as part of my classroom discussion. I think it’s important for students to understand that what we discuss in class is based on many years of research by people who are driven to advance their fields of study.  Hopefully it motivates students to try to do the same.

What is your favorite thing about the Harrisburg area? It is a good location relative to other major cities and we have a convenient airport.  I lived in New York City for 5 years and I like traveling through HIA much better than NWK or LGA.  I also like to fish the Susquehanna River and Kokomo’s.

What is your favorite event on campus? I enjoy attending graduation (I think it counts as a campus event even though it’s not on campus.)  It’s a good day for students and their families and I think it is important for faculty members to attend.

Why did you choose Penn State Harrisburg? I was very familiar with Penn State from undergraduate and graduate school.  I attended Penn State Hazleton for two years as an undergraduate student.  I met my wife at Penn State and I love Penn State football (and my wife).  I began teaching as a visiting professor at Penn State Harrisburg, while working as an investment banker, nearby.  I liked the faculty, staff, and students and decided to change careers.

Do you have a favorite professor-student experience? I have many.  I particularly like to hear from students after they graduate and come to find that they are applying what they had learned in my class.  I have several students who contact me on a regular basis for advice or just to talk.

If you weren’t a professor, what would you be doing? Investment banking, or maybe just woodworking and fly-fishing in Wyoming and Montana.