Yaniv Konchitchki Lion,
U.C. Berkeley (at Berkeley since July
Schwabacher Fellow, Hellman Fellow, and Bakar Faculty Fellow for Distinguished Excellence in Research
Assistant Professor of Accounting
University of California, Berkeley
Haas School of Business
545 Student Services Building
Berkeley, CA 94720, USA
Phone: 510-643-1409 Email: yaniv@haas dot berkeley dot edu CV Personal In Memory
Stanford University: PhD in Business Administration (Accounting). Stanford University: MSc in Statistics. Tel Aviv University: BA in Accounting and Economics (Macroeconomics), MA (Macroeconomics), Completed all courses for a PhD in Economics (focusing on Macroeconomics). Certified Public Accountant
My expertise is in interdisciplinary capital markets research, focusing on the
usefulness of accounting information through its links to Macroeconomics (e.g.,
inflation; GDP) and Valuation (e.g., cost of
capital; financial statement analysis; asset pricing).
Beginning in the
mid-1960s and spanning five decades, there has been a substantial amount of
accounting, finance, and economics research adopting an informational
perspective to accounting numbers—e.g., how firm-level financial
statement information is related to firm-level stock returns or firm-level
bankruptcy predictions. This explosion was
termed The Accounting Revolution (e.g., Beaver, “Financial Reporting:
An Accounting Revolution,” 1997). To date, however, little is known about the
relationship between accounting and the macroeconomy, leaving many open questions with the potential
to advance the accounting field.
research attempts to shed light on a few of these open questions. Specifically, I help develop a relatively new interdisciplinary area in the Macro-Accounting link, a link that was overwhelmingly ignored since the formation of accounting research. Drawing on extensive academic
and professional experience in financial accounting and macroeconomics, my
research provides a comprehensive analysis of both Macro-Accounting directions:
- the macro-to-micro
direction (e.g., how overall price-level changes in the economy inform
accounting results of individual corporations); and
- the micro-to-macro
direction (e.g., how earnings of individual corporations inform
overall macroeconomic activity).
My research serves as a starting point for new work on the informational role of
the relationships between financial reporting, valuation, and the macroeconomy. I have published my work in
top-tier academic and practitioner journals, and consistently received
prestigious awards for research and teaching excellence, across Berkeley (e.g.,
Hellman—a most promising assistant professor), within Haas (e.g., Schwabacher,
Bakar, Cheit, Club Six—for research and core MBA teaching excellence), from the
accounting profession (American Accounting Association’s 2014 Best Paper
Award), and international (2014's World’s Top 40 Under 40).
My research is of
interest to a wide array of accounting information users,
including researchers and practitioners, the U.S. government (e.g., Council of
Economic Advisers to the U.S. President), regulators (e.g., Federal Reserve;
Securities and Exchange Commission; macroeconomists), creditors (e.g., commercial banks), households,
current and potential investors, analysts, hedge and pension funds, and
I was invited to
present my research work at conferences, universities, and other
institutions including hedge funds, pension funds, CFA (Charted Financial
Analyst) Institute, and the U.S. Federal Reserve System—thanks to the
applicability of my research to real-life problems. Before receiving a
PhD from Stanford University, I was a CPA and Senior Financial Consultant at
PricewaterhouseCoopers, as well as a Senior Investment Expert at the
- World's Top 40 Under 40 More More More
- Financial Analysts Journal Featured Invited
Author Interview Listen Read Paper
- Schwabacher Fellow. "The
Executive Committee voted this honor on the basis of 'outstanding
research, exceptional departmental service, unusual scholarly growth, or
some combination thereof.'" Berkeley Haas. 2014-2015 More
- Bakar Faculty Fellow. "A
most positive positive signal for the years to come, the fellowship
honors Haas faculty members with a record of accomplishments and a very
bright future." Berkeley Haas. 2014-2015
- American Accounting Association's 2014 Best Paper Award for my 2013 JAE paper (with Barth and Landsman). Recognized at the 2014 American Accounting Association Annual Meeting, Financial Accounting and Reporting Section. "The Best Paper Award is intended to enhance interaction among academic and practicing members and provide an incentive for researchers to focus their efforts on topics relevant to the practicing profession and standard-setters. The award...judged to best reflect the tradition of academic scholarship and be of relevance to problems facing the accounting profession and standard-setters." More More More
- June 2014-February 2015: My JAE 2014 paper "Accounting Earnings and Gross Domestic Product" (with Patatoukas) is #1 in Journal of Accounting and Economics Most Downloaded Articles and #2 in Most Popular Articles Among All Elsevier's Accounting Journals
2013- July 2014:
- Five papers accepted for publication in top journals (The Accounting Review, Journal of Accounting and Economics, Financial Analysts Journal, Decision
Support Systems, Journal of Accounting and
Economics), and one accounting research book is published
- Awards/Honors for research and teaching excellence across
U.C. Berkeley and across Haas (e.g., Cheit Teaching Excellence Award for Core MBA Teaching, Hellman Research Excellence Award, Club Six Member for Teaching Excellence of Core MBAs,
Top-4 Teaching Evaluations Across All Instructors)
Download: “Taking the Pulse of the Real Economy Using
Financial Statement Analysis: Implications for Macro Forecasting and Stock
Valuation.” 2014. The Accounting Review, forthcoming. (DOI: http://dx.doi.org/10.2308/accr-50632).
Download: “Cost of Capital and Earnings
Transparency.” 2013. Journal of Accounting and Economics
55 (2-3), 206–224. (DOI: http://dx.doi.org/10.1016/j.jacceco.2013.01.004).
With Barth and Landsman.
Download: “Accounting and the
Macroeconomy: The Case of Aggregate Price-Level Effects on Individual Stocks.”
2013. Financial Analysts Journal 69 (6), 40–54. (DOI: http://dx.doi.org/10.2469/faj.v69.n6.3).
Solo-authored. Online Appendix.
Download: “Accounting Earnings and Gross
Domestic Product.” 2014. Journal of Accounting and Economics,
57 (1-2), 76–88. (DOI: http://dx.doi.org/10.1016/j.jacceco.2013.10.001).
Download: “Capital Markets Valuation and
Accounting Performance of Most Admired Knowledge Enterprise (MAKE) Award
Winners.” 2013. Decision Support Systems 56 (1),
348–360. (DOI: http://dx.doi.org/10.1016/j.dss.2013.07.001).
With DeFond, McMullin, and O'Leary.
- A top-tier journal in Operations and Systems, with an Impact Factor
of 2.201/3.037 (1-Year/5-Year), comparable to other top accounting
journals (e.g., Journal of Accounting
Research, 2.192, officially reported for 2012 on
the journal website)
Download: “Event Study Methodologies in
Information Systems Research.” 2011. International Journal of
Accounting Information Systems 12 (2), 99–115. (DOI: http://dx.doi.org/10.1016/j.accinf.2011.01.002).
Download: “Inflation and Nominal
Financial Reporting: Implications for Performance and Stock Prices.”
2011. The Accounting Review 86 (3), 1045–1085.
- Download: "An Extended Inflation Adjustment Algorithm. Online Supplementary Material." For Konchitchki, 2011. The Accounting Review 86 (3), 1045–1085.
(DOI: http://dx.doi.org/10.2308/accr.00000044). Solo-authored.
Download: “Inflation and Nominal Financial Reporting.” 2007. Stanford University, Graduate School of Business, Dissertation, 93 pages. (Stanford University Libraries: HF5006.S7 K655).
Download cover: “Accounting
Research: Notes and Perspectives.” 2012. University of Southern
California Figueroa Press. (ISBN: 1932800514).
Download cover: “Accounting in Business.”
2011. Tel Aviv University Press. Reprinted Editions:
2002-2011. (ISBN:965306018x). With Aranya and Yampuler.
“Revisions to Official Macroeconomic Announcements and Firm-Level Financial Information.“ 2015. With Patatoukas.
“The Consequences of Untimely
Quarterly and Annual Financial Reporting.” 2015. With Bartov and DeFond.
“Accounting Quality at the Macro Level.“ 2015. With Patatoukas.