Robert M. Dammon

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Professor of Financial Economics; Associate Dean, Education

Teaching and Research Interests:

• Current research involves a study of estate planning strategies and tax-deferred investing strategies.

Published Papers: 

• Maximizing Long-Term Wealth Accumulation: It's Not Just about "What" Investments to Make, but also "Where" to Make Them
  Research Dialogue of TIAA-CREF Institute, September 2005; 1-12.
  (With: Chester Spatt, James Poterba, Harold Zhang)
  
  
• Optimal Asset Location and Allocation with Taxable and Tax-Deferred Investing
  Journal of Finance 59, 2004; 999-1037.
  (With: Chester Spatt, Harold Zhang)
  
  
• Capital Gains Taxes and Portfolio Rebalancing
  Research Dialogue of TIAA-CREF Institute, March 2003; 1-14.
  (With: Chester Spatt, Harold Zhang)
  
  
• Optimal Consumption and Investment with Capital Gains Taxes
  Review of Financial Studies 14, 2001; 583-616.
  (With: Chester Spatt, Harold Zhang)
  
  
• The Optimal Trading and Pricing of Securities with Asymmetric Capital Gains Taxes and Transaction Costs
  Review of Financial Studies 9, 1996; 921-952.
  (With: Chester Spatt)
  
  
• Tax-Induced Intertemporal Restrictions on Security Returns
  Journal of Finance 49, 1994.
  
  
• The Relative Pricing of High-Yield Debt: The Case of RJR Nabisco Holdings Capital Corporation
  American Economic Review 83, 1993; 1090-1111.
  (With: Chester Spatt, Kenneth Dunn)
  
  
• An Option-Theoretic Approach to the Valuation of Dividend Reinvestment and Voluntary Purchase Plans
  Journal of Finance 47, 1992; 331-347.
  (With: Chester Spatt)
  
  
• A Reexamination of the Value of Tax Options
  The Review of Financial Studies 2, 1989; 341-372.
  (With: Kenneth Dunn, Chester Spatt)
  
  
• Tax Arbitrage and the Existence of Equilibrium Prices for Financial Assets
  Journal of Finance 42, 1987; 1143-1166.
  (With: Richard Green)
  
  

Working Papers: 

• Capital Gains Taxes, Restricted Stock Ownership and Diversification
  January, 2009.
  (With: Chester Spatt, Harold Zhang)
  
  
• Taxes, Estate Planning and Financial Theory: New Insights and Perspectives
  April, 2007.
  (With: Chester Spatt, Harold Zhang)
  
  
• Diversification and Capital Gains Taxes with Multiple Risky Assets
  August, 2001.
  (With: Chester Spatt, Harold Zhang)
  
  
• Do Heterogeneous Basis Values Affect Equilibrium Asset Prices?
  March, 1995.
  (With: Chester Spatt)
  
  

Awards:

• 9th Annual TIAA-CREF Paul A. Samuelson Award for Outstanding Scholarly Writing on Lifelong Financial Security: "Optimal Asset Location and Allocation with Taxable and Tax-Deferred Investing" - 2005
• Runner-up for the Barclays Global Investors/Michael Brennan Prize for Best Paper published in the Review of Financial Studies - 2001
• Outstanding Teacher of the Year Award, Duke University - 1996
• Best Paper, American Association of Individual Investor's Award - 1990
• George Leland Bach Award for Excellence in the Classroom, MBA Program - 1989, 1997, 2007
• Four-star teacher rating from Business Week

Courses Taught:

• Studies in Corporate Finance (45-812)
  (Masters Program)
  • 2007, Mini 2 (Section: A)
  • 2007, Mini 2 (Section: B)
  • 2007, Mini 2 (Section: E)
  
  
• Corporate Restructuring (45-901)
  (Masters Program)
  • 2008, Mini 3 (Section: A)
  • 2008, Mini 3 (Section: B)
  • 2007, Mini 3 (Section: A)
  • 2007, Mini 3 (Section: B)