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Lakshmanan Shivakumar

Lord David Sainsbury of Turville Professor, Professor of Accounting; London Business School Term Chair Professor of Accounting

BCom (University of Madras), MBA (Vanderbilt University), PhD (Vanderbilt University)

Professor Lakshmanan Shivakumar is a prolific and influential academic researcher, who has been invited to talk at universities and conferences in over 25 countries. He is currently a council member of the American Accounting Association. He was formerly the subject area Chair for the Accounting group at London Business School. He has held visiting positions at the University of Chicago Graduate School of Business, the Indian School of Business, the Australian National University and the University of New South Wales. 

His main research interests are in the areas of financial reporting quality and stock-return predictability. He has published articles in several top-tier accounting and finance journals and is a co-editor of the Review of Accounting Studies. His research on financial reporting quality includes an examination of the role of conservatism in financial reporting and earnings management in firms making public equity offerings. On stock return predictability, his research has addressed issues relating to the causes of underlying price momentum and post-earnings-announcement drift anomalies. 

An award winning teacher, Shivakumar currently teaches courses on Financial Statement Analysis and on Securities Analysis and Financial Modelling. He also consults for bankers and consulting firms on valuation, financial analysis and investment strategies. His research has been presented to regulators and development agencies across the world, including the African Development Bank, the Federal Reserve Bank of New York and the Singapore Stock Exchange.


  • ELECTIVE Financial Statement Analysis E444 Stream A AUT16

  • ELECTIVE Financial Statement Analysis E444 Streams B-D SPR17

  • ELECTIVE Securities Analysis and Financial Reporting E206 Streams A&B SPR17


Contact Suzanne Shapiro


Tel: +44 (0)20 7000 8137

Research Interests

  • Financial reporting in capital markets and market efficiency