Dean and George Pratt Shultz Professor
Madhav Rajan’s primary area of research interest is the economics-based analysis of management accounting issues, especially as they relate to the choice of internal control and performance systems in firms. He has carried out analytical, empirical, and field-based research on the role of information in incentive contracting, the value of nonfinancial and subjective performance measures, and the structural properties and usefulness of common financial ratios.
Before joining Chicago Booth, Rajan spent 16 years on the faculty of the Stanford Graduate School of Business, where he was the Robert K. Jaedicke Professor of Accounting. He also served as senior associate dean for academic affairs, overseeing the school’s MBA program. Previously he was a faculty member at the Wharton School of the University of Pennsylvania. While at Stanford, he received the Robert T. Davis Award for lifetime achievement and service. Among his other honors are the American Accounting Association’s Notable Contribution to Management Accounting Literature Award, the David W. Hauck Award for Outstanding Teaching at Wharton, and the Alexander Henderson Award for Excellence in Economic Theory.
Rajan received his bachelor’s degree in commerce from the University of Madras, India, and an MS in accounting, an MS in industrial administration, and a PhD in accounting from Carnegie Mellon University.