Yaniv Konchitchki
Berkeley-Haas
Assistant Professor
Haas School of Business, University of California at Berkeley







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My research work is in interdisciplinary capital markets, focusing on the links of accounting information to Macroeconomics (e.g., inflation; GDP) and Valuation (e.g., cost of capital; financial statement analysis; asset pricing).

 

Specifically, I help develop a new area called Macro-Accounting, focusing on applicability to real-life problems and probing both directions of this area (macro-to-micro, e.g., how inflation informs accounting results of individual firms; and micro-to-macro, e.g., how earnings of individual firms inform macro activity) and focusing on applicability to real-life problems.

 

Over the past five decades, there has been an explosion of research in accounting, finance, and economics adopting an informational perspective to accounting numbers—e.g., how firm-level accounting 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 link between accounting information and the macroeconomy. This overwhelmingly-ignored link since the formation of accounting research leaves many open questions with the potential to advance the accounting field. My research sheds light on a few of these open questions, serving as a starting point for new works on the informational role of the links between financial reporting, valuation, and the macroeconomy.

 

I have published my work in top-tier academic and practitioner journals, and consistently received major awards for research and teaching excellence, international (2014’s World’s Top 40 Under 40), from the accounting profession (American Accounting Association’s 2014 Best Paper Award), across Berkeley (e.g., Hellman—a most promising assistant professor), and within Haas (e.g., Schwabacher, Bakar, Cheit, Club Six—for research and core MBA teaching excellence). My research is of interest to a wide array of accounting information users, including researchers and practitioners, the U.S. Fed (e.g., Fed’s Chair), government (e.g., President's Council of Economic Advisers), regulators (e.g., Securities and Exchange Commission), commercial banks, households, investors, analysts, hedge and pension funds, and corporate managers. 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 Securities Authority.




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