Karthik Ramanna
Karthik Ramanna | |
|---|---|
| Citizenship | American |
| Occupation | Economist |
| Academic background | |
| Alma mater | Massachusetts Institute of Technology |
| Academic work | |
| Discipline | Economist |
| Sub-discipline | Financial Regulation |
| Institutions | Oxford University |
| Website | https://www.bsg.ox.ac.uk/people/karthik-ramanna |
Karthik Ramanna is Professor of Business & Public Policy and Director of the Master of Public Policy Program at the University of Oxford’s Blavatnik School of Government.[1] From 2016 to 2023, he was director of Oxford’s Master of Public Policy Program, where he established the leadership curriculum on building trust across divided communities.[2]
Career[edit]
Ramanna received his doctorate from the Massachusetts Institute of Technology’s Sloan School of Management in 2007 whereupon he joined the faculty of Harvard Business School.[3]
Ramanna's scholarship has also explored regulation and decision-making at the Financial Accounting Standards Board and the International Accounting Standards Board.[4] He has also written about the costs and benefits of fair value accounting.[5] His 2015 book Political Standards posits that accounting rule-making is an exemplar of a "thin political market," a regulatory setting of economic consequence in which the general public is largely disinterested and where corporate special interests possess relevant tacit knowledge. This situation can result in regulatory capture.[6]
Ramanna is a proponent of reforming business ethics education, arguing that corporate managers have unique capabilities and duties to steward the basic institutions of capitalism.[7] Prior to Oxford, Ramanna taught leadership, ethics, and financial reporting at Harvard Business School, where he won the International Case Centre's Outstanding Case-Writer prize, dubbed by the Financial Times as “the business school Oscars.”[8] He was recruited to Oxford’s government school from Harvard to help develop the case method of education for public administration,[9] and he has since won the Outstanding Case-Writer prize at Oxford as well.[10]
In 2019, he advised on the UK’s reforms of the audit profession.[11][12] In 2021, he co-developed with Robert S. Kaplan the E-liability method for climate accounting as an alternative to the GHG Protocol’s Scope 3 standard, which they posited has hindered innovation on emissions reduction.[13] The E-liability method won the Harvard Business Review-McKinsey Prize for “groundbreaking management thinking.”[14]
In 2023, Ramanna was named an advisor to the U.S. Public Company Accounting Oversight Board.[15]
Publications[edit]
- Ramanna, K. Political Standards: Corporate Interest, Ideology, and Leadership in the Shaping of Accounting Rules for the Market Economy, Chicago: University of Chicago Press, 2015; ISBN 0-2262-1074-X
- Ramanna, K. “Building a Culture of Challenge in Audit Firms,” PwC Future of Audit Initiative, 2019: 1 - 26.
- Ramanna, K. “Friedman at 50: Is it Still the Social Responsibility of Business to Increase Profits?,” California Management Review, 2020, 62, no. 3: 28 – 41.
- Kaplan, Robert S., and Karthik Ramanna. “Accounting for Climate Change.” Harvard Business Review, 2021, 99, nos. 11/12: 120 – 131.
References[edit]
- ^ "Professor Karthik Ramanna joins the School". www.bsg.ox.ac.uk. 7 September 2016.
- ^ "Trump school of government: teaching policy in an era of political dysfunction". timeshighereducation.com. 28 May 2020.
- ^ https://dspace.mit.edu/handle/1721.1/40952?show=full%7Ctitle=DSpace@MIT%7Cwebsite=mit.edu
- ^ Ramanna, Karthik; Dreschel, Allen (26 April 2016). "Opinion - The Quiet War on Corporate Accountability". The New York Times.
- ^ Ramanna, Karthik (21 November 2015). "Opinion - Ruling From the Shadows". The New York Times.
- ^ "Harvard Professor Says We Need More Political Rancor... On The 'Boring' Issues". www.wbur.org.
- ^ Knowledge, HBS Working. "Why Managers Have A Moral Obligation To Preserve Capitalism". forbes.com.
- ^ "Two HBS Faculty Members Win Awards in Global Case Centre Competition - News - Harvard Business School". www.hbs.edu. 8 March 2017.
- ^ "What Is Harvard Business School's Secret Sauce?". washingtonpost.com.
- ^ "Competition winner: President Trump Calling: Accept or Decline?". thecasecentre.org.
- ^ "PwC UK considers giving external body oversight of auditors' pay". Financial Times. 27 September 2019.
- ^ "ASSESS, ASSURE AND INFORM: IMPROVING AUDIT QUALITY AND EFFECTIVENESS" (PDF). gov.uk.
- ^ Ballard, Ed (14 April 2022). "Scope 3 Rules Hinder Progress on Emissions, Researchers Say". Wall Street Journal.
- ^ ""Accounting for Climate Change" Wins 63rd Annual HBR McKinsey Award". finance.yahoo.com.
- ^ https://pcaobus.org/news-events/events/event-details/pcaob-investor-advisory-group-meeting-june-2023%7Ctitle="PCAOB Investor Advisory Group Meeting, June 7, 2023"|website=pcaobus.org