Areas of Expertise (6)
Accounting and Financial Disclosures
Economic Consequences of Regulatory Changes
Mergers and Acquisitions
The Information Content of Credit Rating Changes
Omri Even-Tov is an Assistant Professor in the Accounting Group. His research focuses on empirical capital markets and addresses issues related to the information content of earnings, corporate debt, corporate governance, information intermediaries, and mergers and acquisitions. His current research examines investor sentiment; the relation between stock prices and the cost of debt; information leakage prior to credit-rating changes; and the conflict of interest that exists between managers and shareholders over whether to accept acquisition offers.
Even-Tov has also been recognized for his significant accomplishments as an educator. In his second year as an Assistant Professor, he was honored with Berkeley Haas’ Earl F. Cheit Award for Excellence in Teaching for his MBA financial accounting course. He won the same award the following year for his teaching in the PhD program. In 2018, he was included on Poets & Quants’ list of the “World’s Best 40 Business School Professors Under 40.”
In collaboration with Prof. Jennifer Chatman, Even-Tov developed a new Extreme Leadership course in 2017 where students test their leadership skills on treks to the Andes and Patagonia. Even-Tov has also developed a number of television game show formats with his brother. Their formats have aired in multiple countries, including Brazil, the U.K., and Turkey.
Anderson School of Management, UCLA: PhD, Accounting
Tel Aviv University: BSc, Economics
Tel Aviv University: BA, Accounting
Honors & Awards (3)
Poets & Quants' 2018 Best 40 Under 40 Professors
Earl F. Cheit Award for Excellence in Teaching, PhD Program
2017 – 2018
Earl F. Cheit Award for Excellence in Teaching, MBA Program
2016 – 2017
Selected External Service & Affiliations (1)
- Ad-hoc reviewer: Management Science, Journal of Accounting, Auditing, and Finance, American Accounting Association annual meeting, Journal of International Review of Financial Analysis, International Journal of Financial Studies, EAA 2020 Annual Conference
Positions Held (1)
At Haas since 2015
2015 – present, Assistant Professor, Haas Accounting Group
Media Appearances (8)
The New York Times online
A roundup of new research includes a paper co-authored by Asst. Prof. Omri Even-Tov, which found compelling evidence that some credit analysts leak news of ratings changes to institutional investors, perhaps in the hope of getting a job in the future.
Covid-19 Pandemic Puts Squeeze on Pension Plans
The Wall Street Journal
A study by Omri Even-Tov of UC Berkeley's Haas School of Business, and two colleagues, found that counties reduced spending on welfare and payroll and cut employee numbers after accounting standards required them to disclose their pension liabilities.
What Happens When CEOs and Stock Analysts Share a First Name
Wall Street journal online
According to new research co-authored by Asst. Prof. Omri Even-Tov, securities analysts who share a first name with the CEO of the firms they cover issue more accurate earnings forecasts than those who don't share first names. The effect is even more pronounced when they share an unusual name.
Let’s Have Tim Cover Apple and Jeff Analyze Amazon
Wall Street journal online
Asst. Prof. Omri Even-Tov looked at a quarter-century of earnings forecasts and found that analysts make more accurate predictions about a company’s earnings when they share the first name of its CEO. What's more, sharing a less common name makes the effect stronger. (Also reported in Fortune)
2018 best 40 under 40 professors: Omri Even-Tov, U.C. Berkeley (Haas)
Poets & Quants online
Omri Even-Tov of the Haas Accounting Group won the Cheit Award, the MBA program’s highest teaching award. Students say he personifies Berkeley Haas values and deeply connects with them in class.
Extreme Leadership treks in Patagonia, Andes test MBA students’ skills
Berkeley Haas News
On day six of an Andes climbing trek last January, a group of 10 Haas students were descending from the peak of Cerro el Plomo, a 17,800 foot mountain near Santiago, Chile. As they were taking their first steps back to base camp, a powerful lightning storm rolled in earlier than expected. The group rushed down the mountain, fearing they could be hit by lightning at any moment. “You could hear the (hiking) poles crackling,” said Harris Googe, MBA 18, who was the team leader that day. After a day of climbing that started well before dawn, Googe thought that the hard part was behind them, only to realize how dangerous it was to be on a ridge at this altitude. “My hair was standing on end out from my hood and standing straight up,” she said. While this descent was more extreme than most, it reflects what MBA students at Haas might experience in a new course taught by Professors Jennifer Chatman and Omri Even-Tov.
How Bond Markets Can Predict Moves in Stocks
That’s the conclusion of a paper by Omri Even-Tov of the University of California at Berkeley, who took a look at the bond returns that followed a whopping 19,518 quarterly earnings announcements of 770 firms from 2005 to 2014...
How after-hours trading sheds light on investor sentiment
Omri Even Tov, an assistant professor of accounting at UC Berkeley's Haas School of Business, found that overnight market activity -- between the time the market closes and re-opens the next day -- provides a goldmine of information about investor sentiment at the firm level, or pertaining to specific stocks rather than the broader market.
Working Papers (4)
The Economic Consequences of GASB Financial Statement Disclosure
Omri Even-Tov, Michael Dambra, and James P. Naughton (2020)
Call Me by Your Name: The Effect of Analyst-CEO First Name Commonality on Analyst Forecast Accuracy
Omri Even-Tov, Kevin Huang, and Brett Trueman (2020)
What Drives Acquisition Premiums and Why do Targets Reject Offers? – Evidence from Failed Acquisition Offers
Omri Even-Tov, David Aboody, and Jieyin Zeng (2019)
How Do Representations and Warranties Matter? Risk Allocation in Acquisition Agreements
Omri Even-Tov, James Ryans, and Steven Davidoff Solomon (2020)
Selected Papers & Publications (4)
From Implicit to Explicit: The Impact of Disclosure Requirements on Hidden Transaction CostsJournal of Accounting Research
Christine Cuny, Omri Even-Tov, Edward M. Watts
What Moves Stock Prices Ahead of Credit Rating Changes?Review of Accounting Studies (forthcoming)
Omri Even-Tov and N. Bugra Ozel
Overnight Returns As a Measure of Firm-Specific Investor SentimentJournal of Financial and Quantitative Analysis
David Aboody, Omri Even-Tov, Reuven Lehavy, and Brett Trueman
When Does the Bond Price Reaction to Earnings Announcements Predict Future Stock Returns?Journal of Accounting and Economics
Core MBA Class
Empirical Capital Market Research
Elective MBA/EWMBA Class