Lakshmi Balasubramanyan

Associate Professor
Department of Banking & Finance
Weatherhead School of Management

Lakshmi Bala, PhD, associate professor of Banking and Finance joined Weatherhead School of Management in 2017. She earned her PhD and MS from Penn State University. She teaches graduate-level courses in Credit Risk Analytics, Capital Markets and Banking. Her undergraduate teaching areas include Financial Modeling, Advanced Analytics and Corporate Finance.

Prior to joining Case, Lakshmi was a Research Economist and Senior Quantitative Specialist in Banking Supervision and Regulation of the Federal Reserve Bank of Cleveland.

Lakshmi is a co-founder of FinTechnova, LLC. She is an ardent supporter of female entrepreneurship and the representation of women in the field of Finance and Financial Analytics. Currently, she is a faculty advisor for Weatherhead Women in Business. She believes all women should strive to INSPIRE fellow women by Innovating, Networking, Supporting, Promoting, Informing, Reaching out, and encouraging Entrepreneurship among women. She is a frequent media contributor to Cleveland Channel News 5 on topics of financial literacy, access, and inclusivity of finance through better education and technology.

Initially Appointed: 2011

LinkedIn Profile

Education

PhD
Penn State University
2008
Master of Science
Penn State University
2005
Master of Arts
The National University of Singapore
2003
Bachelor of Arts
The National University of Singapore
1999

Teaching Information

Courses Taught

  • Financial Analytics and Banking
  • Financial Modeling, Analysis and Decision Making
  • Advanced Financial Analytics
  • Global Banking and Capital Markets
  • RegTech and Banking

Office Hours

By Appointment Only

Awards and Honors

  • Undergraduate Teaching Award Nomination
    2023
    Weatherhead School of Management
  • Carl F. Wittke Award Nomination for Excellence in Undergraduate Teaching
    2022
    Case Western Reserve University
  • Undergraduate Teaching Award Nomination
    2022
    Weatherhead School of Management
  • J.Bruce Jackson, M.D., Award for Excellence in Undergraduate Mentoring
    2022
    Case Western Reserve University
  • Intramural Grant
    2021
    Weatherhead School of Management
  • Carl F. Wittke Award Nomination for Excellence in Undergraduate Teaching
    2020
    Case Western Reserve University
  • NORD Grant
    2019
    UCITE

External Appointments

  • Faculty Senate Committee on Undergraduate Education, 2022 - present
  • Faculty Advisor, Women in Finance, 2020 - present
  • Faculty Advisor, Weatherhead Women in Business, 2020
  • Committee Member, UGIS: Undergraduate Curriculum Committee, 2019 - 2021

Publications

  • Balasubramanyan, L., Daniel, N., Haubrich, J., & Naveen, L. Causal Impact of Risk Oversight Functions on Bank Risk: Evidence from the Dodd-Frank Act. Journal of Banking and Finance 158 (2024).
  • Balasubramanyan, L., Berger, A., & Koepke, M. (2019). How Do Banks Use Their Private Information in the Syndicated Loan Market? Journal of Financial Stability, 43(2019), pp 53-78.
  • Balasubramanyan, L., Thomson, J.B., & Zaman, S. (2017). Evidence of Forward-Looking Loan Loss Provisioning with Credit Market Information. Journal of Financial Services Research, 52(2017), pp 191-223.
  • Balasubramanyan, L., Thomson, J.B., Craig, B. & Zaman, S. (2016). Credit Market Information Feedback. Atlantic Economic Journal, Volume 44(3), pp 405-407.
  • Balasubramanyan, L., and VanHoose, D. (2013). Bank Balance Sheet Dynamics under a Regulatory Liquidity-Coverage Ratio (LCR) Constraint. Journal of Macroeconomics, Volume 37, No. 1, pp 53-67.
  • Balasubramanyan, L., and Coulson, E. (2013). Do House Prices Impact Business Starts? Journal of Housing Economics, Volume 22, No. 1, pp 36-44.
  • Balasubramanyan, L., Stefanou, S., & Stokes, J. (2012). Generalized Maximum Entropy Approach to Commercial Bank Size and Variance Heterogeneity in Risk. Journal of Economics and Finance, Vol 36, No.3, pp 728-749.
  • Balasubramanyan, L., Stefanou, S., & Stokes, J. (2010). Declining Cost Efficiency as a Signal of Increasing Bank Vulnerability: An Entropy-Based Approach. Applied Economics Letters, Volume 17(18), pp 1769-1778.
  • Balasubramanyan, L. and Ramesh, M. (2010). How well is Productivity Being Priced? Journal of Economics and Finance, Volume 34, No. 4, pp 415-429.
  • Balasubramanyan, L., Stokes, J., & Dressler, J. (2008). Credit Risk Rating Migration and Unobserved Borrower Heterogeneity. Agricultural Finance Review, Volume 68, Issue 2, pp 237-253.

Presentations

  • Balasubramanyan, L. (Panelist/Discussant)  AIRA- Annual Conference on Credit Risk and Loan Portfolio Quality Issues, "State of Banking Industry: where are we post-COVID?", Association of Insolvency and Restructuring Advisors (AIRA), Cleveland OH . (2022).
  • Balasubramanyan, L. (Presenter & Author)  NBER Summer Institute : Risks of Financial Institutions, "Causal Impact of Risk Oversight Functions on Bank Risk: Evidence from a Natural Experiment", National Bureau of Economic Research, Boston, MA. (2019).