Panos n. patatoukas
berkeley haas Professor | L.H. Penney Chair in Accounting | BIO & CV
RESEARCH & TEACHING HIGHLIGHTS
Two-Time Recipient of the AAA/AICPA Notable Contributions Award
Recipient of the Distinguished Teaching Award at U.C. Berkeley
Five-Time Recipient of Earl F. Cheit Award for Excellence in Teaching
Fortune's Top-10 Business School Professor Under 40
CURRENT APPOINTMENTS
The L.H. Penney Chair in Accounting
Co-Faculty Director, Sustainable & Impact Finance at Berkeley
Faculty Director, Center for Financial Reporting & Management
Founding Faculty Director, Financial Data Analysis for Executives
Founding Faculty Director, Intelligent Investing for Everyone
Areas of Expertise: From Micro To Macro & From Macro To Micro
Corporate financial reporting, financial statement analysis, and corporate valuation
Corporate sustainability measurement, disclosure, and investing
Cross-industry economic links and value creation along the supply chain
Measurement of economic performance at the firm level and in the national accounts
Nowcasting and forecasting economic performance using financial and alternative, non-financial data
INTERDISCIPLINARY CAPITAL MARKETS
"Under the Hood of Activist Fraud Campaigns: Private Information Quality, Disclosure Incentives, and Stock Lending Dynamics"
Published in The Accounting Review (2024).
Featured in the Columbia Law School Blue Sky Blog.
"Material ESG Alpha: A Fundamentals-Based Perspective"
Published in The Accounting Review (2024).
Featured in Bloomberg (Businessweek Finance) | MSCI Sustainability Institute | S&P Global Market Intelligence.
"On the Capital Market Implications of Big Data: Evidence from Outer Space"
Published in The Journal of Financial and Quantitative Analysis (2024).
Featured in The Atlantic | Haas Newsroom | New Scientist | TechHQ.
"Universal Demand Laws Did Not Increase Management Entrenchment"
Forthcoming in the Critical Finance Review (2023).
Featured in the Harvard Law School Forum on Corporate Governance.
"The JOBS Act Did Not Raise IPO Underpricing"
Published in the Critical Finance Review (2022).
Featured in the Columbia Law School Blue Sky Blog.
"Identifying the Effect of Stock Indexing: Impetus or Impediment to Arbitrage and Price Discovery?"
Published in The Journal of Financial and Quantitative Analysis (2022).
"Synthetic Governance"
Published in the Columbia Business Law Review (2022).
Featured in Harvard Law School Forum on Corporate Governance | The Future of Securities Regulation Columbia Business Law Review Symposium Conference, 2021.
"Valuation Uncertainty and Short-Sales Constraints: Evidence from the IPO Aftermarket"
Published in Management Science (2022).
Featured in the Wall Street Journal.
"The Blockchain Evolution and Revolution of Accounting"
Published Book Chapter in Information for Efficient Decision Making: Big Data, Blockchain and Relevance (2020).
"On the Pricing of Mandatory DCF Disclosures: Evidence from Oil and Gas Royalty Trusts"
Published in The Accounting Review (2015).
inter-firm economic links
"Customer-Base Concentration: Implications for Audit Pricing and Quality"
Published in the Journal of Management Accounting Research (2019).
"Customer-Base Concentration, Inventory Efficiencies, and Firm Valuation: Evidence from Manufacturing"
Published in the Production and Operations Management Journal (2016).
"Customer-Base Concentration: Implications for Firm Performance and Capital Markets"
Published as Lead Article in The Accounting Review (2012).
Featured in Haas Newsroom | Financial Times | Fox Business | Strategy+Business | Alpha Architect.
Recipient of 2009 AAA Northeast Region Best PhD Paper Award.
MACRO & MARKET-LEVEL LINKS
"On the Origins of Forecast Walk-Downs: A Macro-to-Micro Perspective"
Published in the Journal of Accounting, Auditing & Finance (2023).
"Stock Market Returns and GDP News"
Published in the Journal of Accounting, Auditing & Finance (2021).
"The Real-Time Macro Content of Corporate Financial Reports: A Dynamic Factor Model Approach"
Published in the Journal of Monetary Economics (2021).
"Taking the Pulse of the Real Economy Using Financial Statement Analysis: Implications for Macro Forecasting and Valuation"
Published in The Accounting Review (2014).
"Accounting Earnings and Gross Domestic Product"
Published in the Journal of Accounting and Economics (2014).
"Detecting News in Aggregate Accounting Earnings: Implications for Stock Market Valuation"
Published in the Review of Accounting Studies (2014).
Featured in Haas Newsroom.
GAAP & national ACCOUNTING MEASUREMENT
"Identifying the Roles of Accounting Accruals in Corporate Financial Reporting"
Forthcoming in the Journal of Accounting, Auditing & Finance (2024).
"Identifying Conditional Conservatism in Financial Accounting Data: Theory and Evidence"
Published in The Accounting Review (2017).
"From Micro to Macro: Does Conditional Conservatism Aggregate up in the National Accounts?"
Published in the Journal of Financial Reporting (2016).
"Asymmetrically Timely Loss Recognition and the Accrual Anomaly. Discussion of Konstantinidi et al."
Published in Abacus (2016).
"Placebo Tests of Conditional Conservatism"
Published in The Accounting Review (2016).
"More Evidence of Bias in Differential Timeliness Estimates of Conditional Conservatism"
Published in The Accounting Review (2011).