Dr. Shastri has been actively involved in research related to internal management accounting practices. One of her current studies focuses on firms that do not utilize budgeting as part of their management information system. A recent study examined firms’ budgeting processes to assess the value-added from these processes as well as identify best practices while another published paper focuses on firms that do not use budgets as a management tool.Additionally, she has been involved in d a case write-up on real options and capital budgeting.
She has also and continues to work on the topics of costs as they relate to effectiveness in the criminal justice and human services fields. She has examined these aspects with respect to programs provided by behavioral health organizations for school age children, services training for officers and prosecutors (STOP), electronic fingerprinting and photo imaging, arraignments through video conferencing, and programs that instruct in the area of community oriented policing, an effort to integrate the police into the community, among others.
She also continues to evaluate the financial condition of firms and health care entities as a result of economic and firm-specific events.
Dr. Shastri serves on the Editorial Board for the Journal of Public Budgeting, Accounting & Financial Management and has been on the Editorial Board for Research in Healthcare Financial Management, and an ad hoc reviewer for accounting related journals and conferences.
Her research areas, teaching interests and other professionally related activities are correlated since all of these factors focus on an entity’s effectiveness, efficiencies, and costs of activities.
She is a member of several accounting organizations, including the American Accounting Association, American Institute of Certified Public Accountants, and Institute of Management Accountants.