Shivaram Rajgopal
Roy Bernard Kester and T.W. Byrnes Professor of Accounting and Auditing; Accounting Division Chair
Accounting
BCom, University of Bombay, 1988; Chartered Accountancy 1987, PhD, 1998, University of Iowa
Joined CBS in 2015
Office:
1111
Kravis
E-mail:
[email protected]
Fax:
212-316-9219
Curriculum Vitae
Biography
Shiva Rajgopal is the Kester and Byrnes Professor of Accounting and Auditing at Columbia Business School. He has also been a faculty member at the Duke University, Emory University and the University of Washington. Professor Rajgopal’s research interests span financial reporting, earnings quality, fraud, executive compensation and corporate culture. His research is frequently cited in the popular press, including The Wall Street Journal, The New York Times, Bloomberg, Fortune, Forbes, Financial Times, Business Week, and the Economist. He teaches fundamental analysis of financial statements for investors, managers and entrepreneurs and a PhD seminar on accounting regulation.
Key awards include 2006 and 2016 American Accounting Association (AAA) Notable Contribution to the Literature award, 2006 and 2016 Graham and Dodd Scroll Prize given by the Financial Analysts Journal, and the 2008, 2012 and 2015 Glen McLaughlin Award for Research in Accounting Ethics.
He is the Departmental Editor of the Accounting track of Management Science. He is also an Associate Editor at the Journal of Accounting and Economics and an ex-editor at Contemporary Accounting Research. He was on the editorial board of The Accounting Review from 2003-2011.
Teaching
Spring 2021
Fundamental Analysis for Investors, Managers and Entrepreneurs
(MBA)
Fundamental Analysis for Investors, Managers and Entrepreneurs
(EMBA)
Research on Investing with Fundamental Analysis
(PHD)
Fall 2021
Fundamental Analysis for Investors, Managers and Entrepreneurs
(MBA)
Fundamental Analysis for Investors, Managers and Entrepreneurs
(EMBA)
Research On Regulation And Accounting Institutions
(PHD)
Spring 2020
Fundamental Analysis for Investors, Managers and Entrepreneurs
(MBA)
Fundamental Analysis for Investors, Managers and Entrepreneurs
(EMBA)
Research on Investing with Fundamental Analysis
(PHD)
Research On Regulation And Accounting Institutions
(PHD)
Fall 2020
Sovereign Risk Assessments
(MBA)
Spring 2019
Fundamental Analysis for Investors, Managers and Entrepreneurs
(EMBA)
Fundamental Analysis for Investors, Managers and Entrepreneurs
(MBA)
Research on Investing with Fundamental Analysis
(PHD)
Fall 2019
Sovereign Risk Assessments
(MBA)
Spring 2018
Fundamental Analysis for Investors, Managers and Entrepreneurs
(MBA)
Fundamental Analysis for Investors, Managers and Entrepreneurs
(EMBA)
Topics in Accounting Research
(PHD)
Columbia Caseworks cases
Oil and Gas “Super Majors” and the Transition to Net Zero
(2022)
Coauthor(s): Bruce Usher, Shivaram Rajgopal
Research
Journal articles
Were Information Intermediaries Sensitive to the Financial Statement-based Leading Indicators of Bank Distress prior to the Financial Crisis?
In Contemporary Accounting Research
(forthcoming)
Coauthor(s): Hemang Desai, Shivaram Rajgopal, Jeff Yu
Evidence on Contagion in Earnings Management
In The Accounting Review
(forthcoming)
Coauthor(s): Simi Kedia, Kevin Koh, Shivaram Rajgopal
Do the FASB's standards add shareholder value?
In The Accounting Review
(2018)
Coauthor(s): Bin Li, Shivaram Rajgopal, Mohan Venkatachalam
The SEC's enforcement record against auditors
In Journal of Law, Finance, and Accounting
(2018)
Coauthor(s): Simi Kedia, Shivaram Rajgopal
Did Going Public Impair Moody's Credit Ratings?
In Journal of Financial Economics
(2014)
Coauthor(s): Simi Kedia, Shivaram Rajgopal, Xing Zhou
Is Warren Buffett's Commentary on Accounting, Governance, and Investing Practices Reflected in the Investment Decisions and Subsequent Influence of Berkshire Hathaway?
In The Accounting Review
(2014)
Coauthor(s): Robert Bowen, Shivaram Rajgopal, Mohan Venkatachalam
R2 and Idiosyncratic Risk Are Not Interchangeable
In The Accounting Review
(2014)
Coauthor(s): Bin Li, Shivaram Rajgopal, Mohan Venkatachalam
Reputation Repair After a Serious Restatement
In The Accounting Review
(2014)
Coauthor(s): Shivaram Rajgopal, Jivas Chakravarthy, Ed deHaan
Earnings Quality: Evidence from the Field
In Journal of Accounting and Economics
(2013)
Coauthor(s): Ilia Dichev, John Graham, Campbell Harvey, Shivaram Rajgopal
Non-audit Services and Financial Reporting Quality: Evidence from 1978 to 1980
In Review of Accounting Studies
(2013)
Coauthor(s): Kevin Koh, Shivaram Rajgopal, Suraj Srinivasan
Frictions in the CEO Labor Market: The Role of Talent Agents in CEO Compensation
In Contemporary Accounting Research
(2012)
Coauthor(s): Shivaram Rajgopal, Daniel Taylor, Mohan Venkatachalam
Do the SEC's Enforcement Preferences Affect Corporate Misconduct?
In Journal of Accounting and Economics
(2011)
Coauthor(s): Simi Kedia, Shivaram Rajgopal
Financial Reporting Quality and Idiosyncratic Return Volatility
In Journal of Accounting and Economics
(2011)
Coauthor(s): Shivaram Rajgopal, Mohan Venkatachalam
Is Silence Golden? An Empirical Analysis of Firms That Stop Giving Quarterly Earnings Guidance
In Journal of Accounting and Economics
(2011)
Coauthor(s): Shuping Chen, Dawn Matsumoto, Shivaram Rajgopal
Whistle-Blowing: Target Firm Characteristics and Economic Consequences
In The Accounting Review
(2010)
Coauthor(s): Robert Bowen, Andrew Call, Shivaram Rajgopal
Accelerated Vesting of Employee Stock Options in Anticipation of FAS 123-R
In Journal of Accounting Research
(2009)
Coauthor(s): Preeti Choudhary, Shivaram Rajgopal, Mohan Venkatachalam
Response to FAF Exposure Draft, "Proposed Changes to Oversight, Structure, and Operations of the FAF, FASB, and GASB"
In Journal of Accounting and Public Policy
(2009)
Coauthor(s): George Benston, Douglas Carmichael, Theodore Christiansen, Robert Colson, Karim Jamal, Stephen Moehrle, Shivaram Rajgopal, Thomas Stober, Shyam Sunder, Ross Watts
Do Managers Value Stock Options and Restricted Stock Consistent with Economic Theory?
In Contemporary Accounting Research
(2009)
Coauthor(s): Frank Hodge, Shivaram Rajgopal, Terry Shevlin
Is PIN Priced Risk?
In Journal of Accounting and Economics
(2009)
Coauthor(s): Partha Mohanram, Shivaram Rajgopal
Neighborhood Matters: The Impact of Location on Broad Based Stock Option Plans
In Journal of Financial Economics
(2009)
Coauthor(s): Simi Kedia, Shivaram Rajgopal
A Perspective on the SEC's Proposal to Accept Financial Statements Prepared in Accordance with International Financial Reporting Standards (IFRS) without Reconciliation to U.S. GAAP
In Accounting Horizons
(2008)
Coauthor(s): Karim Jamal, George Benston, Douglas Carmichael, Theodore Christensen, Robert Colson, Stephen Moehrle, Shivaram Rajgopal, Thomas Stober, Shyam Sunder, Ross Watts
Accounting Discretion, Corporate Governance, and Firm Performance
In Contemporary Accounting Research
(2008)
Coauthor(s): Shivaram Rajgopal
CEO Reputation and Earnings Quality
In Contemporary Accounting Research
(2008)
Coauthor(s): Jennifer Francis, Allen Huang, Shivaram Rajgopal, Amy Zang
Meeting or Beating Analyst Expectations in the Post-Scandals World: Changes in Stock Market Rewards and Managerial Actions
In Contemporary Accounting Research
(2008)
Coauthor(s): Kevin Koh, Dawn Matsumoto, Shivaram Rajgopal
Response to FASB Exposure Draft, "Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans: An Amendment of FASB Statements No. 87, 88, 106, and 132(R)"
In Accounting Horizons
(2007)
Coauthor(s): Mark Bradshaw, Paquita Davis-Friday, Elizabeth Gordon, Patrick Hopkins, Robert Laux, Karen Nelson, Shivaram Rajgopal, K. Ramesh, Hollis Skaife, Robert Uhl, George Vrana
Response to FASB Exposure Draft, "The Fair Value Option for Financial Assets and Financial Liabilities, Including an Amendment of FASB Statement No. 115"
In Accounting Horizons
(2007)
Coauthor(s): Mark Bradshaw, Paquita Davis-Friday, Elizabeth Gordon, Patrick Hopkins, Robert Laux, Karen Nelson, Shivaram Rajgopal, Hollis Skaife, K. Ramesh, Robert Uhl, George Vrana
The FASB's Conceptual Framework for Financial Reporting: A Critical Analysis
In Accounting Horizons
(2007)
Coauthor(s): George Benston, Douglas Carmichael, Joel Demski, Bala Dharan, Karim Jamal, Robert Laux, Shivaram Rajgopal, George Vrana
A Response to the FASB Exposure Draft on Accounting for Uncertain Tax Positions: An Interpretation of FASB Statement No. 109
In Accounting Horizons
(2007)
Coauthor(s): Mark Bradshaw, Paquita Davis-Friday, Elizabeth Gordon, Patrick Hopkins, Robert Laux, Karen Nelson, Shivaram Rajgopal, K. Ramesh, Hollis Skaife, Robert Uhl, George Vrana
The Accrual Anomaly: International Evidence
In The Accounting Review
(2007)
Coauthor(s): Morton Pincus, Shivaram Rajgopal, Mohan Venkatachalam
Value Destruction and Financial Reporting Decisions
In Financial Analysts Journal
(2006)
Coauthor(s): John Graham, Campbell Harvey, Shivaram Rajgopal
CEOs' Outside Employment Opportunities and the Lack of Relative Performance Evaluation in Compensation Contracts
In The Journal of Finance
(2006)
Coauthor(s): Shivaram Rajgopal, Terry Shevlin, Valentina Zamora
Why Is the Accrual Anomaly Not Arbitraged Away? The Role of Idiosyncratic Risk and Transaction Costs
In Journal of Accounting and Economics
(2006)
Coauthor(s): Christina Mashruwala, Shivaram Rajgopal, Terry Shevlin
The Economic Implications of Corporate Financial Reporting
In Journal of Accounting and Economics
(2005)
Coauthor(s): John Graham, Campbell Harvey, Shivaram Rajgopal
The Role of Online Buying Experience as a Competitive Advantage: Evidence from Third-Party Ratings for E-Commerce Firms
In Journal of Business
(2004)
Coauthor(s): Suresh Kotha, Shivaram Rajgopal, Mohan Venkatachalam
Value-Glamour and Accruals Mispricing: One Anomaly or Two?
In The Accounting Review
(2004)
Coauthor(s): Hemang Desai, Shivaram Rajgopal, Mohan Venkatachalam
The Value Relevance of Network Advantages: The Case of E-Commerce Firms
In Journal of Accounting Research
(2003)
Coauthor(s): Suresh Kotha, Shivaram Rajgopal, Mohan Venkatachalam
Are Executive Stock Options Associated with Future Earnings?
In Journal of Accounting and Economics
(2003)
Coauthor(s): Michelle Hanlon, Shivaram Rajgopal, Terry Shevlin
Does the Stock Market Fully Appreciate the Implications of Leading Indicators for Future Earnings? Evidence from Order Backlog
In Review of Accounting Studies
(2003)
Coauthor(s): Shivaram Rajgopal, Terry Shevlin, Mohan Venkatachalam
Managerial Actions, Stock Returns, and Earnings: The Case of Business-to-Business Internet Firms
In Journal of Accounting Research
(2002)
Coauthor(s): Shivaram Rajgopal, Mohan Venkatachalam, Suresh Kotha
Determinants of Revenue-Reporting Practices for Internet Firms
In Contemporary Accounting Research
(2002)
Coauthor(s): Robert Bowen, Angela Davis, Shivaram Rajgopal
Empirical Evidence on the Relation between Stock Option Compensation and Risk Taking
In Journal of Accounting and Economics
(2002)
Coauthor(s): Shivaram Rajgopal, Terry Shevlin
Institutional Ownership and the Extent to Which Stock Prices Reflect Future Earnings
In Contemporary Accounting Research
(2002)
Coauthor(s): James Jiambalvo, Shivaram Rajgopal, Mohan Venkatachalam
The Interaction between Accrual Management and Hedging: Evidence from Oil and Gas Firms
In The Accounting Review
(2002)
Coauthor(s): Morton Pincus, Shivaram Rajgopal
Early Evidence on the Informativeness of the SEC's Market Risk Disclosures: The Case of Commodity Price Risk Exposure of Oil and Gas Producers
In The Accounting Review
(1999)
Coauthor(s): Shivaram Rajgopal
Working papers
Does financial reporting misconduct pay off even when discovered?
(2018)
Coauthor(s): Serene Huang, Shivaram Rajgopal
Does Mandated Corporate Social Responsibility Reduce Intrinsic Motivation? Evidence from India
(2018)
Coauthor(s): Shivaram Rajgopal, Prasanna Tantri
Cheating When in The Hole: The Case of New York City Taxis
(2015)
Coauthor(s): Shivaram Rajgopal, Roger White
Who Gets Swindled in Ponzi Schemes?
(2015)
Coauthor(s): Stephen Deason, Shivaram Rajgopal, Gregory Waymire, Roger White
Does Corporate Social Responsibility (CSR) Create Shareholder Value? Exogenous Shock-Based Evidence from the Indian Companies Act 2013
(2015)
Coauthor(s): Hariom Manchiraju, Shivaram Rajgopal
The Misrepresentation of Earnings
(2015)
Coauthor(s): Ilia Dichev, John Graham, Campbell Harvey, Shivaram Rajgopal
The Revolving Door and the SEC's Enforcement Outcomes: Initial Evidence from Civil Litigation
(2015)
Coauthor(s): Ed deHaan, Simi Kedia, Kevin Koh, Shivaram Rajgopal
Does It Matter Who Owns Moody's?
(2014)
Coauthor(s): Simi Kedia, Shivaram Rajgopal, Xing Zhou
Stock Picking Skills of SEC Employees
(2014)
Coauthor(s): Shivaram Rajgopal, Roger White
The Revolving Door and the SEC's Enforcement Outcomes: Initial Evidence from Civil Litigation
(2014)
Coauthor(s): Ed deHaan, Simi Kedia, Kevin Koh, Shivaram Rajgopal
The SEC's Enforcement Record Against Auditors
(2014)
Coauthor(s): Simi Kedia, Shivaram Rajgopal
Book reviews
Review of Financial Reporting Disclosures: Market and Regulatory Failures
In The Accounting Review
(2015)
Coauthor(s): Shivaram Rajgopal
Ideas and Insights
In The Media
Some of These ‘Overpaid’ CEOs Are taking Pay Cuts. Will It Matter?
Do Stocks With High ESG Ratings Hurt Fund Performance?
Oklahoma Treasurer Presses Financial Institutions to Say Whether They’re Boycotting Energy Firms
Republicans Plan More Attacks on ESG. Investors Still Plan to Focus on Climate Risk
Key Data Points from the WSJ Pro Cybersecurity Forum