Profile image of Sukanto Bhattacharya

Dr Sukanto Bhattacharya



Senior Lecturer


Faculty of Business and Law


Deakin Business School


Geelong Waterfront Campus


Graduate Certificate of Higher Education, Deakin University, 2011
Doctor of Philosophy, Bond University, 2004
Master of Commerce, Bond University, 2002



Dr Sukanto Bhattacharya is a Senior Lecturer in the Department of Management in Deakin Business School. Sukanto completed his postgraduate degrees, Master of Commerce and PhD from Bond University. He has held a postdoctoral research position at The University of Queensland, served as an assistant professor at Alaska Pacific University, where he was also the director for the MBA (Global Finance) program and was an assistant professor in the International Business and Management at Dickinson College.

Sukanto's areas of expertise cover decision theory in general and ethical decision-making in particular with implications for corporate leadership and governance, especially in operations and the supply chain. He has technical expertise in the application of machine learning-based data analysis tools - particularly artificial neural networks (ANNs) & decision trees (DTs); which can be especially helpful in tackling poorly specified decision problems.

Read more on Sukanto's profile

Research interests

  • Artificial Intelligence applications in complex decision-making
  • Data science tools and applications in strategic intelligence


  • Educator Associate Member, Association of Certified Fraud Examiners (ACFE).

Teaching interests

  • Decision making
  • Operations Management

Units taught

  • MPM732 - Critical Thinking for Managers
  • MMM267 - Business Logistics

Media appearances


  • Multi-disciplinary research project that aims to combine bankruptcy prediction with fraud detection models to develop a comprehensive decision support system suitable for practical implementation in both prevention as well detection of business frauds. This is intended as a novel managerial/investigative decision-making aid that will, among other things, consider organizational culture and values in determining the likelihood of fraud occurrence. This project involves cross-institutional collaborators at Bond and RMIT universities.


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Ethical Culture in Organizations: A Review and Agenda for Future Research

Achinto Roy, Alexander Newman, Heather Round, Sukanto Bhattacharya

(2023), pp. 1-42, Business Ethics Quarterly, Bowling Green, Ohio, C1

journal article

Taking the hunch out of the crunch: A framework to improve variable selection in models to detect financial statement fraud

A Gepp, K Kumar, S Bhattacharya

(2023), Accounting and Finance, C1

journal article

Terrorism and uneven economic development

Munirul Nabin, Mohammad Chowdhury, Sukanto Bhattacharya, Pasquale Sgro

(2022), Vol. 113, pp. 1-20, Economic Modelling, C1

journal article

Lifting the numbers game: identifying key input variables and a best-performing model to detect financial statement fraud

A Gepp, K Kumar, S Bhattacharya

(2021), Vol. 61, pp. 4601-4638, Accounting and Finance, C1

journal article

A novel technology adoption in an OLG framework: examining the cross-generational effects of promotional policies

Sukanto Bhattacharya, Surjasama Lahiri, Munirul Nabin

(2021), Vol. 1, pp. 1-17, SN Business & Economics, Berlin, Germany, C1

journal article

It matters to be in good hands: the relationship between good governance and pandemic spread inferred from cross-country COVID-19 data

M Nabin, M Chowdhury, S Bhattacharya

(2021), Vol. 8, Humanities and Social Sciences Communications, C1

journal article


S Hossain, M Nabin, S Bhattacharya

(2021), Vol. 11, pp. 55-70, International Journal of Development and Conflict, Pune, India, C1

journal article

Charismatic leadership: beyond love and hate and toward a sense of belonging?

K Parry, M Cohen, S Bhattacharya, A North-Samardzic, G Edwards

(2019), Vol. 25, pp. 398-413, Journal of management and organization, Cambridge, Eng., C1

journal article

Political competition and debt: evidence from New Zealand local governments

B Chatterjee, S Bhattacharya, G Taylor, B West

(2019), Vol. 32, pp. 344-361, Accounting research journal, Bingley, Eng., C1

journal article

Time-varying dynamic topic model: a better tool for mining microblogs at a global level

J Han, Y Huang, K Kumar, S Bhattacharya

(2018), Vol. 26, pp. 104-119, Journal of global information management, Hershey, Pa., C1

journal article

Does the information content of central bank speeches impact on the level of exchange rate? A comparative study of Canadian and Australian central bank communications

B Masawi, S Bhattacharya, T Boulter

(2018), Vol. 21, pp. 1850005-1-1850005-27, Review of Pacific Basin financial markets and policies, Singapore, C1

journal article

Employee perceptions of organization culture with respect to fraud - where to look and what to look for

K Kumar, S Bhattacharya, R Hicks

(2018), Vol. 30, pp. 187-198, Pacific accounting review, Bingley, Eng., C1

journal article

Conviction function? A new decision paradigm for personal financial risk management in the face of large exogenous shocks

M Cohen, M Nabin, S Bhattacharya, K Kumar

(2018), Vol. 8, pp. 918-934, Theoretical economics letters, Wuhan, China, C1

journal article

A Mathematical Demonstration of the Viability of Profit/Loss Sharing as a Debt Alternative in Presence of Market Frictions

F Wolf, M Nabin, S Bhattacharya

(2018), Vol. 17, pp. S327-S343, Journal of Emerging Market Finance, C1

journal article

Tacit knowledge and intra-firm teams: reaping the benefits of co-operation in a networked world

M Cohen, S Bhattacharya

(2017), pp. 151-173, Human capital and assets in the networked world, Bingley, Eng., B1

book chapter

Student engagement in postgraduate education: using game theory to improve results

M Cohen, S Bhattacharya, M Nabin, S Rafiq

(2017), Vol. 2, pp. 1-15, Postgraduate education in higher education, Singapore, B1

book chapter

Ethical climates in organizations: a review and research agenda

A Newman, H Round, S Bhattacharya, A Roy

(2017), Vol. 27, pp. 475-512, Business ethics quarterly, Cambridge, Eng., C1

journal article

Derivative Practices in Australian and Canadian Industries

F Wolf, T Boulter, S Bhattacharya

(2017), Vol. 20, Review of Pacific Basin Financial Markets and Policies, C1

journal article

Invisible walls: Do psychological barriers really exist in stock index levels?

S Woodhouse, H Singh, S Bhattacharya, K Kumar

(2016), Vol. 36, pp. 267-278, North American journal of economics and finance, Amsterdamn, The Netherlands, C1

journal article

Rise of the Machines: A Critical Consideration of Automated Leadership Decision Making in Organizations

K Parry, M Cohen, S Bhattacharya

(2016), Vol. 41, pp. 571-594, Group and Organization Management, C1

journal article

Threshold concepts and the semantic web

S Bhattacharya, M Cohen

(2015), pp. 157-172, Emerging Web 3.0/semantic web applications in higher education : growing personalization and wider interconnections in learning, Charlotte, N.C., B1

book chapter

Short-term impacts of the cricket match performances on national share markets - a case study of India and Australia

A Verstoep, H Singh, P Nguyen, S Bhattacharya

(2015), Vol. 18, pp. 263-274, Sport in society, London, Eng., C1

journal article

Mortgage-Backed Securities (MBS): Is it a curse or a blessing for the Australian home loan market? A natural experiment

M Nabin, S Bhattacharya, S Rafiq

(2015), Vol. 54, pp. 104-120, Australian Economic Papers, C1

journal article

Decision-Making in Economics: Critical Lessons from Neurobiology

R Martins, K Kumar, A Mukherjee, M Nabin, S Bhattacharya

(2014), pp. 46-56, Economic Behaviour, Game Theory, and Technology in Emerging Markets, Hershey, PA, B1

book chapter

The power of words : a content analytical approach examining whether central bank speeches become finance news

B Masawi, S Bhattacharya, T Boulter

(2014), Vol. 40, pp. 198-210, Journal of information science, London, England, C1

journal article

Minding the greens : role of dietary salicylates in common behavioural health conditions

S Malakar, S Bhattacharya

(2014), Vol. 43, pp. 344-356, Acta alimentaria, Budapest, Hungary, C1

journal article

Valuing initial intellectual capital contribution in new ventures - a short technical note

P Blood, K Kumar, S Bhattacharya

(2014), Vol. 17, pp. 277-285, Journal of interdisciplinary mathematics, New Delhi, India, C1

journal article

Optimal diet selection and the compliance problem : a technical note

M Nabin, S Bhattacharya, K Kumar

(2013), Vol. 16, pp. 83-95, Journal of interdisciplinary mathematics, New Delhi, India, C1

journal article

A comparative analysis of decision trees vis-à-vis other computational data mining techniques in automotive insurance fraud detection

A Gepp, J Wilson, K Kumar, S Bhattacharya

(2012), Vol. 10, pp. 537-561, Journal of data science, New York, N.Y., C1

journal article

What does volume reveal : a study of the Indian single stock futures market

R Martins, H Singh, S Bhattacharya

(2012), Vol. 11, pp. 409-419, Indian journal of economics and business, New Delhi, India, C1

journal article

Marketable profit-and-loss sharing contracts : broadening the global non-equity capital markets

F Wolf, M Nabin, S Bhattacharya

(2012), Vol. 10, pp. 586-596, Corporate ownership and control, Sumy, Ukraine, C1

journal article

An ANN-based auditor decision support system using Benford's law

S Bhattacharya, D Xu, K Kumar

(2011), Vol. 50, pp. 576-584, Decision support systems, Amsterdam, Netherlands, C1

journal article

A practical, distribution-free approach to the classical newsboy inventory stocking problem for highly right-skewed but otherwise unknown demand distributions

S Bhattacharya, R Martins, K Kumar

(2011), Vol. 14, pp. 291-302, Journal of interdisciplinary mathematics, New Delhi, India, C1

journal article

Optimal hedge ration with moving least squares - an empirical study using Indian single stock futures data

S Bhattacharya, H Singh, R Alas

(2011), pp. 98-111, International research journal of finance and economics, Leicestershire, U. K., C1

journal article

Beyond Simon's means-ends analysis : natural creativity and the unanswered 'why' in the design of intelligent systems for problem-solving

S Bhattacharya, Y Wang, D Zu

(2010), Vol. 20, pp. 327-347, Minds & machines, Amsterdam, The Netherlands, C1

journal article

A brief review of recent research trends on applications of computational and statistical techniques in financial and business intelligence

S Bhattacharya, K Kumar

(2010), pp. 30-37, BIDW 2010 : Proceedings from the Business Intelligence and Data Warehousing conference, Singapore, E1-1


Business failure prediction using decision trees

A Gepp, K Kumar, S Bhattacharya

(2009), Vol. 29, pp. 536-555, Journal of forecasting, London, England, C1

journal article

fMRI studies in neuro-fuzzy and behavioral finance : a case based approach

M Khoshnevisan, S Nahavandi, S Bhattacharya, M Bakhtiary

(2008), Vol. 5, pp. 111-121, Investment management and financial innovations, Ukraine, C1

journal article

Unleashing the vermin : vectored route-length minimization

F Smarandache, S Bhattacharya

(2008), Vol. 4, pp. 267-272, New mathematics and natural computation, Singapore, C1-1

journal article

Forensic accounting and Benford's law

S Bhattacharya, K Kumar

(2008), Vol. 25, pp. 150-152, IEEE signal processing magazine, New York, NY, C1-1

journal article

Computational exploration of the biological basis of Black-Scholes expected utility function

S Bhattacharya, K Kumar

(2007), Vol. 2007, pp. 1-15, Journal of applied mathematics and decision sciences, New York, N. Y., C1-1

journal article

Dynamically opted protection envelope (DOPE) - A cost-effective strategy of insuring an investment portfolio

S Bhattacharya, K Kumar

(2007), pp. 38-46, International research journal of finance and economics, [United Kingdom], C1-1

journal article

Monte Carlo modeling of the effect of extreme events on the extinction dynamics of faunal species with 2-stage life cycles

S Bhattacharya, S Malakar

(2006), Vol. 1, pp. 189-193, Ecological informatics, Netherlands, C1-1

journal article

A synthetic protective put strategy for phased investment in projects without an outright deferral

S Bhattacharya

(2006), Vol. 12, pp. 2-13, Derivatives: use, trading & regulation, Basingstoke, England, C1-1

journal article

Neutrosophic information fusion applied to the options market

M Khoshnevisan, S Bhattacharya

(2005), Vol. 1, pp. 139-145, Investment management and financial innovations, Sumy, Ukraine, C1-1

journal article

A proposed fuzzy optimal control model to minimise target tracking error in a dynamic hedging problem with a multi-asset, best-of option

Sukanto Bhattacharya, Mohammad Khoshnevisan

(2005), Vol. 6, pp. 136-140, JOURNAL OF ASSET MANAGEMENT, C1-1

journal article

Funded Projects at Deakin

No Funded Projects at Deakin found


Principal Supervisor

Hossein Tahernejad

Thesis entitled: Blockchain, Transparency, and Responsibility in the Supply Chain

Doctor of Philosophy, Department of Management

Associate Supervisor

Maria Klona

Thesis entitled: Incentives and inhibitors of CSR adoption in the manufacturing sector

Doctor of Philosophy, Department of Management

Franziska Wolf

Thesis entitled: Hedging decisions and firm value: A cross-validation study of Australian and Canadian industries

Doctor of Philosophy, Department of Economics


Becksndale Masawi

Thesis entitled: The Power of Words: Central Bank Communication and Currency Markets

Doctor of Philosophy, Department of Economics