Shailendra (Shail) Pandit, PHD
Associate Professor and Associate Dean, Graduate Programs
Department of Accounting
Pronouns: He/Him/His
Contact
Building & Room:
UH 2323
Address:
601 S. Morgan St., Chicago, IL 60607
Email:
CV Link:
Related Sites:
About
Before joining UIC, Professor Pandit held faculty positions at The Ohio State University, Tulane University, and the University of Rochester. He brings an unusually global perspective to his work — having studied and taught across India and the United States, served on the Governing Board of the European Accounting Association as its North America Representative, and mentored doctoral students and early-career faculty internationally.
A committed educator recognized with multiple Dean's Commendations for Teaching Excellence, Professor Pandit also serves as a Faculty Advisor and Fellow in the UIC Honors College, mentoring students across disciplines and supporting graduate program development in his role as Associate Dean.
- Financial Accounting & Reporting
- Managerial Accounting
- Financial Statement Analysis
- Capital Markets and Accounting Research (PhD Seminar)
- Applied Economics & Finance
Selected Grants
UIC Business Faculty Research Grant, University of Illinois at Chicago, 2023-2024, 2022-2023
Dean's Summer Research Grant, UIC Business, University of Illinois at Chicago, 2013-present
UIC Faculty Scholarship Grant, Vice Provost for Faculty Affairs, University of Illinois at Chicago, 2023-2024, 2022-2023, 2018-2019, 2016-2017, 2013-2014, 2011-2012, 2009-2010
CBA Research Grant: Center for Education and Research in Financial Reporting Quality (CERFRQ), University of Illinois at Chicago, 2011-2013
Selected Publications
Articles in Peer-Reviewed Journals
- Pandit, S., Casey, R., Gao, F., Kirschenheiter, M., & Li, S. (2023). Measuring disaggregation quality. Journal of Accounting, Auditing & Finance. Advance online publication.
- Pandit, S., Chen, G., & Judd, S. (2021). Firm unionization and disruptions in customer relationships. Contemporary Accounting Research, 38(4), 2951–2981.
- Pandit, S., Cohen, D., Wasley, C., & Zach, T. (2020). Measuring real activity management. Contemporary Accounting Research, 37(2), 1172–1198.
- Pandit, S., Zhao, R., Mashruwala, R., & Balakrishnan, J. (2019). Supply chain relational capital and the bullwhip effect: An empirical analysis using financial disclosures. International Journal of Operations & Production Management, 39(5), 658–689.
- Pandit, S., Casey, R., Gao, F., Kirschenheiter, M., & Li, S. (2017). Articulation-based accruals. Review of Accounting Studies, 22(1), 288–319.
- Pandit, S., Casey, R., Gao, F., Kirschenheiter, M., & Li, S. (2016). Do Compustat financial statement data articulate?Journal of Financial Reporting, 1(1), 37–59.
- Pandit, S., Kim, K., & Wasley, C. (2016). Aggregate uncertainty and management earnings forecasts. Accounting Horizons, 30(1), 157–172.
- Pandit, S., Altamuro, J., Johnston, R., & Zhang, H. (2014). Operating leases and credit assessments. Contemporary Accounting Research, 31(2), 551–580.
- Pandit, S., Lee, S., & Willis, R. (2013). Equity method investments and sell-side analysts’ information environment. The Accounting Review, 88(6), 2089–2115.
- Pandit, S., Willis, R., & Zhou, L. (2012). Security analysts, cash flow forecasts, and turnover. International Journal of Forecasting, 28(4), 874–890.
- Pandit, S., Wasley, C., & Zach, T. (2011). Information externalities in capital markets: The economic determinants of suppliers’ stock price reaction to their major customers’ information events. Contemporary Accounting Research, 28(4), 1304–1343.
- Pandit, S., Wasley, C., & Zach, T. (2011). The effect of R&D inputs and outputs on the relation between the uncertainty of future operating performance and R&D expenditures. Journal of Accounting, Auditing & Finance, 26(1), 121–144.
Other Publications
- Pandit, S., & Das, S. (2020). Financial statement analysis and forecasting. In H. K. Baker, G. Filbeck, & H. Kiymaz (Eds.), Equity markets, valuation, and analysis (pp. xx–xx). John Wiley & Sons.
- Pandit, S., & Das, S. (2020). Residual income valuation. In H. K. Baker, G. Filbeck, & H. Kiymaz (Eds.), Equity markets, valuation, and analysis (pp. xx–xx). John Wiley & Sons.
- Pandit, S., Altamuro, J., Johnston, R., & Zhang, H. (2012). Off-balance sheet leases and credit risk. In J. Callaghan, A. Murphy, & H. Qian (Eds.), First International Conference on Credit Analysis and Risk Management (pp. xx–xx). Cambridge Scholars Publishing.
- Pandit, S. (2011). Takeover strategies. In H. K. Baker & H. Kiymaz (Eds.), The art of capital restructuring: Creating shareholder value through mergers and acquisitions (pp. xx–xx). John Wiley & Sons.
- Pandit, S. (2009). Corporate governance and acquisitions. FSR Forum, 11(3), 7–12.
Publication Aggregators
Service to Community
Editorial Service
- Member, Editorial Board, Contemporary Accounting Research.
- Member, Editorial Board, Production and Operations Management.
Ad hoc reviewer
Journal of Accounting and Economics; The Accounting Review; Review of Accounting Studies; Contemporary Accounting Research; Management Science; Accounting Horizons; Production and Operations Management; Journal of Accounting, Auditing and Finance; Journal of Accounting and Public Policy; Journal of Business, Finance and Accounting; Journal of Management Accounting Research; Journal of Contemporary Accounting and Economics; Managerial and Decision Economics; Review of Quantitative Finance and Accounting; International Journal of Production Economics.
University of Illinois Chicago (UIC)
- Member, Search Committee, Vice Chancellor for Equity and Diversity, 2024-2025.
- Fellow and Faculty Advisor, UIC Honors College, 2012-present.
- Member, Provost’s Ad Hoc Committee for Safe Learning Environments, 2022-present.
- Member, UIC Degree Program Assessment Committee, 2022-2023.
- Member, UIC International Advisory Council, 2018-present (Co-Chair, Committee on Campus Internationalization, AY 2018-2019).
- Member, UIC Senate Subcommittee on Faculty Affairs, 2015-2022 (Chair, AY 2019-2020).
- Faculty Judge, UIC Student Research Forum, 2013-2023.
- Member (Senator), UIC Senate, 2013-2016.
- Faculty Advisor, UIC Table Tennis Club, 2015-2018.
College of Business Administration (CBA)
- Chair, Faculty Activity Reporting System Committee, 2023-2024.
- Co-Chair, AACSB Accreditation Committee, College of Business Administration, 2022-2023.
- Co-organizer, UIC Accounting Research Conference, 2013-present.
- Alternate Member (Department of Accounting), CBA Executive Committee, 2016-2017.
- Member, CBA Faculty Committee on Innovation, 2015-2016.
- Member, CBA Accounting Department Ph.D. Program Committee, 2017-present.
- Faculty Mentor, UIC Business Scholars Mentoring Program, 2013-present.
- Member, CBA Accounting Department Recruiting Committee, 2015-2021.
- Member, CBA Accounting Scholarship Committee, 2013-present.
- Student Advising, CBA Accounting Department, 2008-present.
American Accounting Association (AAA)
- Faculty Leader, Doctoral Student Consortium, Journal of International Accounting Research, American Accounting Association, Taipei, Taiwan, June 2024.
- Member, Financial Accounting and Reporting Section (FARS) Best Dissertation Award Committee, 2023-2024.
- Track Chair, AAA Annual Meeting, Atlanta, GA, 2020.
- Senior Faculty Mentor, AAA New Faculty Consortium, Leesburg, VA, 2019.
- Member, Selection Committee, Distinguished Contribution to Accounting Literature Award, 2014- 2015.
- Reviewer, discussant and moderator for AAA Annual Meetings, 2006-present.
- Reviewer, discussant and moderator for Financial Accounting and Reporting Section (FARS) Midyear Meetings, 2006-present.
European Accounting Association (EAA)
- Member, Governing Board, and North America Representative, European Accounting Association, June 2024-May 2027.
- Reviewer, discussant, and moderator for EAA Annual Congress, 2010-present.
Other Service
- External evaluator of research proposals, Research Grant Council (RGC) of Hong Kong, 2017-present.
- Doctoral thesis examiner, Gujarat Technological University, Ahmedabad, India, 2023.
- Doctoral thesis examiner, Indian Institute of Technology (IIT), Roorkee, India, 2011.
- Beta Alpha Psi examiner, The Ohio State University, 2007.
- Member, Research Database Committee, Tulane University, 2004-2006.
- Coordination of recruiting and workshop activities, Tulane University, 2004-2006.
Professional Leadership
Senior Faculty Mentor, Doctoral Student Consortium, Journal of International Accounting Research, Taipei, Taiwan, June 2024.
Member, Financial Accounting and Reporting Section (FARS) Best Dissertation Award Committee, 2023-2024.
Track Chair, AAA Annual Meeting, Atlanta, GA, 2020.
Senior Faculty Mentor, AAA New Faculty Consortium, Leesburg, VA, 2019.
Notable Honors
Best Discussant Award, 3rd Global Initiative on Governance and Sustainability Conference, Tunisia, July 2024.
Outstanding Discussant Award, 2024 FARS Midyear Meeting, American Accounting Association, Denver, CO, January 2024.
Dean’s Award for Service to UIC Business, University of Illinois Chicago, Fall 2023.
Excellence in Reviewing Award, American Accounting Association Annual Meeting, Spring 2020.
Education
Ph.D. (Accounting, with minor in Finance), University of Rochester, 2005.
M.S. (Applied Economics), University of Rochester, 2001.
MBA (Finance), University of Indore, India, 1992.
B.Engg. (Electronics Engineering), Jiwaji University, India, 1989.
Professional Memberships
American Accounting Association
European Accounting Association
Selected Presentations
2024 3rd Global Initiative on Governance and Sustainability (GIGS) Conference, Hammamet, Tunisia (paper discussion); Journal of International Accounting Research Conference, Taipei, Taiwan (paper discussion); European Accounting Association Annual Congress, Bucharest, Romania (paper presentation); Financial Accounting and Reporting Section (FARS) Midyear Meeting, Denver, CO (paper discussion)
2023 2nd Global Initiative on Governance and Sustainability (GIGS) Conference, Hammamet, Tunisia (paper discussion); European Accounting Association Annual Congress, Helsinki, Finland (paper presentation and discussion); Haskayne-Fox Accounting Research Conference, Banff, Alberta, Canada (paper presentation and discussion)
2022 Hawaii Accounting Research Conference, Honolulu (paper presentation and discussion); Financial Accounting and Reporting Section (FARS) Midyear Meeting (paper discussion)
2021 University of Alberta; European Accounting Association Annual Congress; European Financial Management Association Annual Meeting
2020 Financial Accounting and Reporting Section (FARS) Midyear Meeting, Nashville, TN (discussion); Financial Management Association (FMA) Annual Meeting (discussion)
Research Currently in Progress
Working Papers
- “Determinants and shareholder valuation of indirect tax avoidance: Evidence from a quasi-natural experiment”, with Mehul Raithatha and Stephanie Sikes, revise and resubmit at the Journal of American Taxation Association.
- “Are earnings announcement delays informative for peer firms?”, with Somnath Das and Alexander King, revise and resubmit at the Journal of Business Finance and Accounting.
- “Are audit fees linear in accruals?”, with Ryan Casey, Feng Gao, Michael Kirschenheiter, and Siyi Li.
- “Information disaggregation and post-earnings announcement drift: Evidence from monthly comparable same store sales disclosures”, with Keejae Hong, and Sam Lee.