Krishna Palepu

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Krishna G. Palepu
Born 1954 (age 60–61)
Residence Massachusetts, USA
Citizenship American
Education M.S. (Physics)
P.G. Diploma (Management)
Ph.D (Management)
Alma mater Andhra University
IIM Calcutta
MIT Sloan
Occupation professor, Author, senior strategy advisor
Board member of
Partners Harvard Medical International
Brooks Automation

Krishna Palepu (born 1954) is an American academic, author, consultant and director of various corporations. He is the Ross Graham Walker Professor of Business Administration at Harvard Business School.[1] He serves as Senior Adviser to the President of Harvard University for Global Strategy.[2]


He has a Masters degree in Physics from Andhra University in India, an MBA from the Indian Institute of Management Calcutta,[3] and a doctorate from the MIT Sloan School of Management. He also has an honorary doctorate from the Helsinki School of Economics and Business Administration.


Krishna Palepu's research has been in the areas of strategy in emerging markets, corporate governance and corporate disclosure.[4][5] His work focuses on making corporate boards more effective, and improving corporate disclosure. In the area of strategy, his focus has been on the globalization of emerging markets, particularly India and China, and the resulting opportunities and challenges for western multinationals as well as local companies with global aspirations in these countries.

In his prior work, he has done research and published papers on mergers and acquisitions and corporate disclosure. He has been on the Editorial Boards of leading academic journals.[1]


Winning in Emerging Markets

In Winning in Emerging Markets, released in 2010, Tarun Khanna and Krishna Palepu outline a practical framework for developing emerging market strategies based not on broad categorical definitions like geography, but on a structural understanding of these markets. Their framework describes how “institutional voids” – the absence of intermediaries like market research firms and credit card systems to efficiently connect buyers and sellers – create daunting obstacles for companies trying to operate in emerging markets. Understanding these voids – and learning how to work with them in specific markets – is the key to success.[6]

Business Analysis and Valuation Using Financial Statements

The fourth edition of Business Analysis And Valuation Using Financial Statements: Text and Cases, co-authored with Paul Healy, was published by Thomson Southwestern in 2007.[7] Based on Krishna Palepu's research on mergers and acquisitions, finance and corporate disclosure, this textbook is widely used in college and MBA courses on business analysis and valuation. It has been translated into Chinese, Japanese and Spanish.[1]

The book won the American Accounting Association's Wildman Award for its impact on management practice, as well as the Notable Contribution to the Accounting Literature Award for its impact on academic research.[8]

It is accompanied by a business analysis and valuation software model published by the Harvard Business School Publishing Company.[9] A fifth edition has been announced for August 2012.[10]


Krishna Palepu has published numerous articles in academic journals and practitioner-oriented publications including Journal of Accounting and Economics, The Accounting Review, Harvard Business Review, MIT Sloan Management Review, Brown Journal of World Affairs, Strategic Finance, Contemporary Accounting Research, the Journal of Finance, Academy of Management Journal, Journal of Accounting Research, Journal of International Business Studies, and The Review of Economics and Statistics.

He has also published dozens of Harvard Business School cases and course materials.


He teaches courses in the Accounting and Control unit and courses on strategy in emerging markets at Harvard Business School (HBS). He also teaches in several executive programs at HBS.[1]

Non-Academic Activities[edit]

Palepu has been a director of a number of companies around the world including Brooks Automation, BTM Corporation, Partners Harvard Medical International, Exeter Group, Polymedica, and Dr. Reddy's Laboratories [11][12] On December 8, 2014, a local Indian court ordered him to refund 2.66 crores rupees for providing professional services to Satyam Computers while remaining on the board without getting the Indian government's prior approval for providing such services.[13] Professor Palepu has a Professional Director Certification from the American College of Corporate Directors.[14] He also consults with a variety of major corporations around the world on issues of global strategy and corporate governance.


  1. ^ a b c d "Faculty page at Harvard Business School". Retrieved 11 July 2010. 
  2. ^ "An advisor for global strategy: Faust appoints Palepu of HBS to new administrative post". Harvard Business Review. 11 January 2012. Retrieved 2012-01-11. 
  3. ^ "IIM Calcutta Alumni: Our Best Ambassadors". Archived from the original on 11 July 2010. Retrieved 11 July 2010. 
  4. ^ "Making corporate boards more effective". 
  5. ^ Timmons, Heather; Kahn, Jeremy (11 January 2009). "As Indian Outsourcing Changed, Satyam Hesitated". The New York Times. Archived from the original on 11 July 2010. Retrieved 11 July 2010. 
  6. ^ "Winning in Emerging Markets". Official Website. Retrieved 2011-05-28. 
  7. ^ "Business Analysis and Valuation: Using Financial Statements, Text and Cases, 4th Edition". Cengage Learning. 2008. Retrieved 2011-05-28. 
  8. ^ "Wildman Medal Award History and Criteria: 1997". American Accounting Association. Retrieved 2011-05-28. 
  9. ^ Palepu, Krishna (Sep 1, 2004). [ ENG "Business Analysis and Valuation Model"]. Harvard Business Review. Retrieved 2011-05-28. 
  10. ^ "Business Analysis and Valuation: Using Financial Statements, Text and Cases, 5th Edition". Cengage. August 2012. Retrieved 2012-01-05. 
  11. ^ "Dr. Reddy's Laboratories Annual Report 2002". 
  12. ^ "Dr. Reddy's Laboratories Annual Report 2009". 
  13. ^ "Signal to all independent directors". Business Standard. December 2014. Retrieved 2014-12-10. 
  14. ^ "Profile on". 

External links[edit]