2019 has been an extraordinary year for Sudipta Basu.
In July, Basu was appointed the Fox School’s new associate dean of research and doctoral programs. He was also honored to be named the American Accounting Association’s inaugural Yuji Ijiri Lecturer on Foundations of Accounting. The prestigious lectureship, sponsored by five global accounting associations, recognizes thought leadership from around the world. Basu presented his Ijiri Lecture, “How Robust are the Foundations of the Conceptual Frameworks?” at the annual American Accounting Association meeting in August.
Throughout his career, Dean Basu has established himself as a thought leader and now he will help chart the direction of academic research at the Fox School moving forward. To understand his vision, he discussed the past, present and future of research at Fox.
Can you share a bit about your background? Why were you originally interested in accounting?
I grew up in big cities all over India (Bombay, Madras, Calcutta and Delhi in that order), earning a BA (Honours) in Economics at St. Stephen’s College, Delhi University and an MBA in economics, finance and accounting at the Indian Institute of Management Calcutta. My family members have many PhDs including a grandfather (mathematics), uncles (statistics, history and English) and first cousin (astrophysics), so an academic life was always considered a respectable—and even praiseworthy—choice.
I first studied accounting in grades 9 and 10 and found it quite hard to follow initially. But once I realized how double-entry bookkeeping worked, and that simple algebra revealed the intangible value created by transactions, I was hooked.
What are some of your major goals as dean of research and doctoral programs?
Fox produces lots of high-quality research and one of my main goals is to make our research more visible locally and internationally.
I would also like to collaborate with the Digital Scholarship Center at the Temple library to introduce our students and faculty to new cutting-edge digital tools that could help them stand out in the research world. Most importantly, I want to change our research culture so that we can talk about how our new ideas improve people’s lives and not merely about where they were published. I want to focus on explaining the who, what, when, where, why and how of a particular research project’s impact.
What role has research played in shaping your career?
For me, research is a vocation rather than a career, meaning that I enjoy and value its creativity and life-long learning aspects so much that I largely ignore the future monetary and status rewards. As my wife puts it, I often go to sleep thinking about research and wake up in the morning still thinking about research. I pursue big questions that excite me, such as why accounting exists or what our world would be like if double-entry bookkeeping had not emerged, even if this research cannot be published in our top journals. I am constantly scanning blogs, conferences and journals for questions and tools that I can use in my research, so I am a big consumer of research, not just a producer.
How would you like to see Fox School research evolve in the future?
As its former research director, I strongly support the Translational Research Center’s efforts to make Fox School research more relevant to all our stakeholders—other academics, practitioners, students, policymakers and our local communities. I would like more of our faculty, students, alumni and staff to engage in research and to describe their findings in top academic journals AND in less traditional venues such as op-eds, letters to the editor, blogs, TED talks, undergraduate and practitioner journals, etc. Ultimately, I want Fox School faculty, staff, alumni and students to be more widely regarded as thought leaders in business research.
What role does research play in business schools?
Most business schools promote faculty and student research to increase our shared knowledge. Business schools’ missions usually shape the type of research they support. At research-intensive schools like Fox, rigorous empirical and theoretical research takes pride of place. At teaching-oriented schools, pedagogical and practice-oriented research is valued more than theoretical research.
Where is the largest intersection of research and industry in the future of work?
Researchers dream up the technologies, products, business models and organizational forms of the future. Every technological advance frees people from doing some kinds of routine work, which are delegated to animals, machines, and now computers. The freed-up workers can better use their minds to make higher quality and unique products and services that were too earlier too costly to market.
How can companies work with Fox School researchers?
Companies can learn from the new ideas developed by Fox School researchers and conversely inform them about changing realities in the marketplace. Ideally, we would develop a virtuous cycle wherein firms identify emerging problems, researchers propose alternative solutions, firms try these out in practice and observe how well they work and provide feedback, which in turn lets researchers refine their prescriptions.
This article is a sneak peek of the next issue of On The Verge, the Fox School’s flagship research magazine. For more stories, visit www.fox.temple.edu/ontheverge.