Michael B McDonald, PhD

Dr. Michael B McDonald, PhD

Morning Investments Consulting
76 English Lane
Shelton , CT 06484
Office: 203-302-0367


Dr. McDonald is a professional financial economist with a PhD in finance, and a significant background working in finance. His consulting clients and professional work experience includes engagements for banks, investment banks, hedge funds, asset managers, corporations, and government agencies. Dr. McDonald is also a university professor of finance, a FINRA arbitrator, and a frequent expert witness in the field. In addition to his work as a professor, Dr. McDonald is a financial consultant for Morning Investments Consulting.

Dr. McDonald prides himself on being:
1.) Adept at bringing dry material to life
2.) Proficient with using sophisticated statistical analysis in securities and valuation matters to objectively and effectively make your point in court

Dr. McDonald specializes in working on cases related to business disputes, mergers & acquisitions, bankruptcies, spin-offs, and unfair business practices. In particular, he has expertise in the following:

Business Valuation: Dr. McDonald can help by analyzing and assessing the value of the firm using a variety of widely accepted methods which will stand up to the most rigorous scrutiny in court. He can also effectively defend these valuations in depositions and cross-examinations. This service is also a great alternative to a traditional appraisal process for commercial real estate. Commercial real estate appraisals have many flaws which are well documented by economic research - Dr. McDonald's work can help you exploit those flaws to defend against an adverse appraisal outcome in court.

Bankruptcy Cases: Dr. McDonald has experience in all facets of bankruptcy cases in Chapter 7 and Chapter 11. From coming up with a feasible exit plan to proposing fair values on properties or fair interest rates for creditors, he can help with all aspects of small, mid-size, and large bankruptcies.

Contractual Disputes: Contractual disputes can often turn on the value of a business intangible and the consideration received in a transactions. Dr. McDonald can help with valuing intangibles and forecasting hypothetical cash flows from scenarios that would have happened had a course of events been different. His expertise here is grounded in solid economic fundamentals and the principles of options valuation which require complex mathematical equations. He can help make these complex topics understandable in a way that is appealing to judges and juries.

Economic Harm and Business Damages: Dr. McDonald can help choose the appropriate metric for evaluating business damages in any situation. There four standard methods which have been used by economists for decades when evaluating economic harm and loss in all circumstances from environmental impacts to unfair business practices: equivalent variation, compensating variation, the Lespayres Method, and the Paasche Method. Each method is appropriate under different circumstances, and each method yields a different value for the economic harm done. Many experts rely on only the simplest of these four metrics, despite the fact that each of the four is appropriate (and advantageous) under different circumstances - Dr. McDonald can help ensure you present the best possible case for economic harm and damages on behalf of your client.

Fair Interest Rates: Getting a fair interest rate in a court-ordered cram-down can be critical to many firms. Yet selecting the appropriate interest rate in many circumstances is not a trivial task because there are many potential benchmarks and risk factors to consider. Dr. McDonald's expertise can help make sense of the array of options, and get the most beneficial and appropriate rate in any circumstance

Areas of Expertise

  • Banking
  • Bankruptcy
  • Business
  • Business Interruption
  • Business Valuation
  • Economics
  • Finance
  • Lost Profits
  • Securities
  • Stocks & Bonds

Expert Background

Q: Please list your professional accreditations, degrees, licenses, and certificates granted:
A: PhD in Finance, Former Series 7 and Series 63 Holder
Q: Please list your affiliations or memberships in any professional and/or industry organizations:
A: Financial Management Association, American Finance Association, Eastern Finance Association, American Society of Business and Behavioral Science
Q: Please list any teaching or speaking experience you have had, including subject matter:
A: I have taught numerous finance classes and training sessions to students with all levels of background from novices to company executives. I am a professor of finance at a University in CT.
Q: Have any of your accreditations ever been investigated, suspended or removed? (if yes, explain)
A: No


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