Aneesh Raghunandan
Room 3.39,
Marshall Building
Houghton Street, London WC2A 2AE

About me

I'm an Assistant Professor of Accounting at the London School of Economics. I received a PhD in Accounting from Stanford University in 2017. Prior to that, I worked as a research assistant at the Federal Reserve Board. I graduated from Yale University in 2011 with a BS in Applied Mathematics and a BA in Economics.

My research interests span non-financial misconduct, ESG issues, political connections (especially subsidies), and auditing.

You can find my official LSE webpage here.

Aneesh Profile Picture

Aneesh Raghunandan


My research interests span non-financial misconduct, ESG issues, political connections (especially subsidies), and auditing. If there is no link to a paper below, please contact me directly if you would like a copy. I'm also not great at coming up with titles for papers, so the most recent SSRN versions of papers might have different titles from what's on my website. The titles listed below will generally be the most updated.


Do ESG Funds Make Stakeholder-Friendly Investments? (with Shiva Rajgopal)
Forthcoming, Review of Accounting Studies

- Presented at 2021 RAST Conference

Financial Misconduct and Employee Mistreatment: Evidence from Wage Theft
Review of Accounting Studies 26(3), 2021.

- Presented at 2020 RAST Conference

- Best Paper Award, 2020 RAST Conference

Are audit fees discounted in initial year audit engagements? (with Abhijit Barua and Clive Lennox)
Journal of Accounting and Economics 69(2-3), 2020.

Working papers

Government Subsidies and Corporate Misconduct

- Revise and Resubmit, Journal of Accounting Research

Tax Subsidy Information and Local Economic Effects (with Lisa De Simone and Rebecca Lester)

- Revise and Resubmit, Journal of Accounting Research

How Does Judges' Personal Exposure to Financial Fraud Affect White-Collar Sentencing? (with Trung Nguyen and Alexa Scherf)

- Revise and Resubmit (via the Registered Reports process), Journal of Accounting Research

Do Socially Responsible Firms Walk the Talk? (with Shiva Rajgopal)

- Revise and Resubmit, Journal of Law and Economics

- Wall Street Journal op-ed (December 2, 2019)

Gender Pay Gap Misreporting (with McKenna Bailey, Stephen Glaeser, and James Omartian)

- Revise and Resubmit, Management Science

Two-Sided Matching in the Audit Market (with Ken Li and Maureen McNichols)

- Revise and Resubmit, The Accounting Review

Institutional Ownership and Workplace Misconduct: Evidence from U.S. Federal Violations (with Xi Li)

Are Carbon Emissions Associated with Stock Returns? (with Jitendra Aswani and Shiva Rajgopal)

Real Effects of Information Frictions Within Regulators: Evidence from Workplace Safety (with Thomas Ruchti)

Mandatory Gender Pay Inequity Disclosure in the UK: Did Inequity Fall and Do these Disclosures Affect Firm Value? (with Shiva Rajgopal)

Selfish Regulators, Transparency, and Misreporting

Media coverage

Bloomberg (October 15, 2020)

The Economist (September 19, 2020)

SEC speech (August 27, 2020)

Financial Times (August 23, 2020)

Financial Times (August 20, 2020)

Los Angeles Times (August 19, 2020)

Forbes (August 19, 2020)

Bloomberg Money Stuff (April 14, 2020)

Columbia Law School Blue Sky Blog (May 8, 2019)

My CV is below: