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Mary Schmid Daugherty

Associate Professor, Family Business Senior Fellow in Applied Finance

  • Education
  • B.A., General Business, College of St. Thomas
    M.A., Finance, General, University of Minnesota
    Ph.D., Educational Finance, University of Minnesota

Mary Schmid Daugherty, PhD, is the Family Business Center Senior Fellow in Applied Finance at the University of St. Thomas Opus College of Business. She is actively involved in teaching, research, consulting and corporate board work. Daugherty teaches corporate finance, investments and strategic management courses at the undergraduate, graduate and executive levels. She is also the faculty director for the Aristotle Fund, a student-managed portfolio that directly manages more than $7 million of the St. Thomas endowment.

Daugherty serves on three for-profit corporate boards and one nonprofit board. Her experience on boards gives her a unique view into business strategy and management perspective. She uses this practical experience to lead relevant class discussions about issues happening in real time. Students benefit from her experience and gain a glimpse into decision making at the highest level of a firm.

Daugherty also stays active in the local investment community and provides opportunities for her students to attend CFA events and company presentations. Her classes are very interactive with plenty of time for discussion and Q&A. She believes in learning by doing and provides the tools for her students to create solutions for complex problems, often using her classroom as a workshop for problem solving.

  • Daugherty, M. S., & Jithendranathan, T. (2015). A study of linkages between frontier markets and the U.S. equity markets using multivariate GARCH and transfer entropy. Journal of Multinational Financial Management, (32-33), pp. 95-115
  • Daugherty, M. S., & Vang, D. O. (2015). Using performance data to evaluate student learning in a student managed investment fund. Journal of Higher Education and Theory Practice, (15)(2),
  • Daugherty, M. S., & Jithendranathan, T. (2012). Underpricing of IPOs of U.S. family controlled businesses. (90), pp. 193-206
  • Lundsten, L. L., Daugherty, M. S., Shovein, J. A., Sullivan, M. F., Beckmann, H., & Vang, D. O. (2013). Why don't we just ask them - do finance practitioners read academic research? (29)(3)
  • Daugherty, M. S., & Jandik, D. (2011). Foreign cultures, Sarbanes-Oxley Act and cross-delisting. Journal of Multinational Financial Management, (21)(ISSN 1042-444X), pp. 208-223
  • Daugherty, M. S. (2009). Our family's journey to a family council. (20)(1), pp. 48-51
  • Daugherty, M. S., & Jithendranathan, T. (2004). International diversification: A comparison of performance of American depository receipts indices and country funds. Financial Decisions, (3),
  • Daugherty, M. S. (1999). FBS, Inc., web text. (written case with instructional material)
  • Daugherty, M. S. (1990). Uniform management of institutional funds act: The implications for private college board of regents.
  • Books and Chapters
  • Daugherty, M. S., & Poza, E. (2017). MindTap management for family business, 5th ed. South-Western Cengage
  • Daugherty, M. S. (2013). Landscape of Family Business. In Sorenson, R. L., Yu, A., Brigham, K. H, and Lumpkin, G. T. (Ed.), Performance in the family business: Financial and socio-emotional outcomes (pp. 64-77). Cheltham, UK: Edward Elgar Publishing
  • Daugherty, M. S., & Poza, E. (2013). Family business, 4th ed. South-Western Cengage
  • Daugherty, M. S., & Sorenson, R. (2013). Family Business Landscape. Understanding the family business landscape: Key factors of family business success.
  • Daugherty, M. S. (2009). Family Business, 3rd edition. In Poza, Ernesto J (Ed.), Financial considerations and valuation of the family business' Ch 8 (pp. 201-230). South-Western Cengage Learning

  • Family Firm Institute Fellow, Family Firm Institute - Global Education Network, 2015
  • Julie Hays Teaching Award, University of St. Thomas - Opus College of Business, 2011
  • National Associate of Corporate Directors Fellow, National Associate of Corporate Directors, 2015
  • University of St. Thomas Executive MBA Faculty Teaching Award, 2014
  • University of St. Thomas Executive MBA Faculty Teaching Award, 2015
  • University of St. Thomas Innovation in Teaching Award, 2003

  • Association of Investment Management and Research
  • CFA Society of Minnesota
  • Family Firm Institute
  • Financial Executives International
  • National Association of Corporate Directors
  • Crescent Electric Supply Company
  • Driessen Water, Inc.
  • Journal of Small Business Management, Reviewer
  • Mairs and Power
  • National Association of Corporate Directors, MN Chapter, Officer
  • The Meritex Comany
  • Women's Initiative, CFA MN Society

  • Senior Fellow in Applied Finance, Family Business Center - University of St. Thomas, Minneapolis (2015 - present)
  • Associate Professor, University of St. Thomas, St. Paul / Mpls (1987 - present)
  • Investment Officer, Investment Research Department, First Trust, Inc., St. Paul (1982 - 1987)
  • Technical Writer, Federal Reserve Bank of Mpls, Minneapolis (1981 - 1985)
  • Teaching Assistant, Finance Department, University of Minnesota, Minneapolis (1980 - 1982)