Daniel C. Indro, Ph.D.

Associate Professor of Finance



    • Corporate finance
    • Valuation


    • Ph.D. - Indiana University, Kelley School of Business, Finance
    • M.B.A. - Indiana University, Kelley School of Business, Finance


    • FIN 506 – Portfolio Theory and Policy
    • FIN 531 – Financial Management
    • FIN 532 – Financial Decision Processes
    • BUSAD 585 - Security Valuation
    • FIN 541 – Security Analysis

Research Interests

    • Mutual fund performance
    • Corporate bankruptcy
    • Investor sentiment



Selected Publications


Walrasian Auction and Competitive Dealer Markets: Informational Efficiency Issues (with G. G. Baigent and W. Y. Lee), Journal of Financial and Economic Practice. Forthcoming.

The Effects of Strategies on the Management Control-Performance Relationship in Sino Joint Ventures (with R. Calantone, S. R. Miller and M. Richards), in Advances in International Management. Joseph Cheng, Editor. Forthcoming.

The Determinants of Foreign Partner’s Equity Ownership in Southeast Asian Joint Ventures (with M. Richards), International Business Review, Vol. 16, No. 2, 2007, 177-206.

Government as an Alliance Partner (with M. Richards), in Strategic Alliances, A. Ariño and J. J. Reuer, Editors, 2006.

Does Mutual Fund Flow Reflect Investor Sentiment?, Journal of Behavioral Finance, Vol. 5, No. 2, 2004, 105-115.

The Role of Culture and Intellectual Property Protection in Joint Venture Contracting (with M. Richards), in Global Corporate Evolution: Looking Inward or Looking Outward?, M. Trick, Editor, 2004.

Joint Venture Activities in Southeast Asia (with M. Richards), in Global Firms and Emerging Markets In the Age of Anxiety, S.B. Prasad and P. Ghauri, Editors, 2004, 171-193.

Stock Market Volatility, Excess Returns, and the Role of Investor Sentiment (with C. X. Jiang and W. Y. Lee), Journal of Banking and Finance, Vol. 26, No. 12, 2002, 2277-2299.

Sources of Gains to Shareholders from Bankruptcy Resolution (with R. T. Leach and W. Y. Lee), Journal of Banking and Finance, Vol. 23, No. 1, 1999, 21-47.

Mutual Fund Performance: Does Fund Size Matter? (with C. X. Jiang, M. Y. Hu and W. Y. Lee), Financial Analysts Journal, May/June 1999, 74-87.