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Prof. Bala Balachandran

Prof. Bala Balachandran

Accounting Information & Management Research Consultant
  Accounting   Management Accounting   Kellogg   Professor Emeritus
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Quick Facts

  • Former Role J. L. Kellogg Distinguished Professor of Accounting Information and Management, Kellogg School of Management, Northwestern University
  • Education BSc (Hons) 1959, MA 1961, MSc 1963, Annamalai University; MSE 1969, University of Dayton; MSIA 1972, PhD 1973, Industrial Administration, Carnegie Mellon University; CPA 1978; CMA 1979
  • Kellogg Leadership Chair, Accounting Information and Management Department (1979–1983); Director, Accounting Research Center (1985–2006)
  • Research Focus Performance evaluation, cost management, audit planning and allocation models; published across statistics, econometrics, operations research, accounting and finance
  • Publications More than 100 articles and several books, including work in the Journal of Accounting Research, The Accounting Review and Contemporary Accounting Research
  • Institution Building Founder, Chairman and Dean Emeritus, Great Lakes Institute of Management, Chennai (founded 2004)
  • Honours Padma Shri (2001), Government of India; J. L. Kellogg Distinguished Professorship
  • APC Remit Review of accounting, management-accounting and audit-theory manuscripts, methodological rigour, literature coverage and journal-scope alignment

Biography

Prof. Bala V. Balachandran was the J. L. Kellogg Distinguished Professor of Accounting Information and Management at Northwestern University's Kellogg School of Management. He joined the Kellogg faculty in 1973 and retired in 2008 after 35 years, having served as chair of the Accounting Information and Management Department from 1979 to 1983 and as director of the Accounting Research Center from 1985 to 2006 .

A genuinely cross-disciplinary scholar, he authored more than 100 articles and several books spanning statistics, econometrics, operations research, accounting and finance [reference:2]. His research interests included performance evaluation, cost management, audit planning and allocation models . Representative publications include 'A Theory of Audit Partnership: Audit Firm Size and Fees' (Journal of Accounting Research, 1987) and, with Ronald Dye and Robert Magee, 'Contingent Fees for Audit Firms' (Journal of Accounting Research, 1990) , as well as work on cost-driver optimization in activity-based costing in The Accounting Review .

Beyond Kellogg, he was the founder, chairman and dean emeritus of the Great Lakes Institute of Management in Chennai, established in 2004 with the aim of creating a world-class business school combining global perspectives with strong industry relevance . In 2001 he was awarded the Padma Shri by the Government of India . At Kellogg he also helped start the India Business Club and promoted experiential learning through Global Initiatives in Management (GIM) .

Colleagues remembered him for extraordinary energy and generosity. Ronald Dye recalled that 'no single person, in fact, no two people, could keep up with him' , while David Besanko credited him with drastically accelerating Kellogg's global reach: 'Would Kellogg have become as global as we have become without Bala? Probably. But he drastically accelerated that process' . The Bala Balachandran Accounting Conference at Kellogg was established in his memory .

In Appreciation

Prof. Balachandran's scholarship was unusual in its range. He moved fluently between statistics, econometrics, operations research and accounting, and he brought that breadth to bear on practical questions of performance evaluation, cost management and audit pricing. His work on audit firm size and fees, and on contingent fees for audit firms, helped shape how the field reasons about auditor incentives.

He was also an institution builder of a rare kind. Founding Great Lakes Institute of Management in Chennai, and helping to build Kellogg's India Business Club and its Global Initiatives in Management programme, reflected a conviction that management education should cross borders rather than stay inside them. We are grateful for the standard of rigour and the generosity of spirit that defined his career.

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