Areas of Expertise (5)
Supply Chain Networks
Micro and Macro Forecasting
Panos N. Patatoukas is a tenured Associate Professor and the L. H. Penney Chair in Accounting at Berkeley-Haas. Panos received his PhD, MPhil, and MA from Yale, his MSc from the London School of Economics, and his BA in accounting and finance (class valedictorian) from Athens University of Economics and Business. Panos’ work focuses on interdisciplinary capital markets research and informs “micro-to-macro” and “macro-to-micro” questions bridging the gap between academics and practitioners. Panos has received several prestigious teaching and research awards, including the 2018 Distinguished Teaching Award, which is the highest award bestowed by the Chancellor of U.C. Berkeley for outstanding and meritorious teaching, the 2017 AAA/AICPA Notable Contributions to Accounting Literature Award, and the 2011 AAA Competitive Manuscript Award. For his record, Panos was selected as a top 10 Business School Professor under 40 by Fortune. Panos is the founding faculty director of the Berkeley executive education program on Financial Data Analysis.
Yale University: PhD, Accounting and Finance
Yale University: MPhil, Management
Yale University: MA, Management
London School of Economics: MSc, Accounting and Finance
Athens University of Economics & Business: BA, summa cum laude, Accounting and Finance
2003 (Class Valedictorian)
Honors & Awards (4)
UC Berkeley 2018 Distinguished Teaching Award
Highest teaching honor bestowed by the University of California, Berkeley 2018 Recipient
Notable Contributions to Accounting Literature Award
Presented by the American Accounting Association and the American Institute of Certified Public Accountants 2017 Recipient
Earl F. Cheit Award for Excellence in Teaching
Highest teaching award bestowed upon instructors at Berkeley Haas Three-Time Recipient, MBA Program: 2017, 2015, 2012
Fortune’s Top 10 Business School Professor Under 40
Class of 2015
Positions Held (1)
At Haas since 2010
2018 − Present: The L. H. Penney Chair in Accounting 2016 − Present: Associate Professor 2010 − 2016: Assistant Professor
Media Appearances (11)
The Dealbook Newsletter
The New York Times online
Assoc. Prof. Panos Patatoukas, the L.H. Penney Chair in Accounting, and Steven Davidoff Solomon, of Berkeley Law, ran the numbers on Tesla and tried to make sense of its volatile valuation in this article. "Overall, if you were willing to buy Tesla’s shares at their recent peak, then you should also be willing to believe that over the next decade Tesla will achieve the scale of Ford or G.M. with the margins of Apple," the authors state.
UC Berkeley changes course: Lecturers now excluded from hiring freeze
San Francisco Chronicle online
UC Berkeley officials abruptly changed course and will exclude more than 750 lecturers from a campus-wide hiring freeze, which went into effect April 1 because of the coronavirus pandemic.
Because of coronavirus we’re doing things differently. How long will that last?
San Francisco Chronicle online
It isn’t easy to change habits, as those who have tried to go a day without touching their face have found, but the coronavirus outbreak is threatening to modify human behavior, culture, business and — yes — habits in ways that could permanently alter our way of life.
AICPA honors three with education awards
Accounting Today online
Assoc. Prof. Panos Patatoukas, L.H. Penney Chair in Accounting, and Assoc. Prof. Yaniv Konchitchk have received the 2019 Notable Contributions to Accounting Literature Award. Their work evaluated aggregate accounting earnings from the 100 largest companies and determined that financial statement analysis offers macroeconomic researchers and forecasters a tool for measuring the economy. It is Patatoukas' second time winning the award.
You can make millions counting cars in parking lots from outer space
Assoc. Prof Panos Patatoukas, L.H. Penney Chair in Accounting, and Cheryl and Christian Valentine Assoc. Prof. Zsolt Katona found that buying and selling a retailer's stock based on satellite data can yield a 4.7% higher return than the typical benchmark return. The study provides the first independent evidence that satellite-based info for trading strategies works -- for investors who can afford that information.
Alternative data and the sophisticated investor advantage
Canadian Investment Review online
A new study by Assoc. Prof Panos Patatoukas, L.H. Penney Chair in Accounting, and Cheryl and Christian Valentine Assoc. Prof. Zsolt Katona found that buying and selling a retailer's stock based on satellite data can yield a 4.7% higher return than the typical benchmark return.
Stock Picks From Space
The Atlantic print
Investors are using real-time satellite images to predict retailers’ sales. Is that cheating?
AICPA names 2017 'Accounting Literature Award' recipient
Accounting Today online
"The AICPA announced on Tuesday that Panos Patatoukas, an associate professor at the Haas School of Business at U.C. Berkley, has been awarded the 2017 Notable Contributions to Accounting Literature Award at this year's American Accounting Association Annual Meeting in San Diego..."
Why Reaping IPO Riches Isn’t a Snap
The Wall Street Journal online
"Investors wondering whether Snap is the new Facebook appear to have gained a healthy dose of skepticism. If history is any guide, that is the right response..."
New Support For A 40-Year-Old Theory About IPOs
Seeking Alpha online
"On the assumption that the offering price is an appropriate valuation, Miller's explanation predicts that aftermarket price exceeds that offering price, and that the magnitude of the first-day run-up is defined both by the pertinent short sales constraints and by the extent of the divergence of investor opinions..."
How Manufacturers Win by Not Playing the Field
iScience Daily online
"Doing business with a limited number of major customers allows manufacturers to hold fewer inventories for a shorter time, according to new research by Panos N. Patatoukas, an assistant professor at UC Berkeley’s Haas School of Business. Patatoukas says inventories comprise a significant part of a firm’s assets — as much as 25 percent for the average manufacturer — and can be costly and risky to hold as inventories can become obsolete..."
Selected Papers & Publications (6)
Customer-Base Concentration: Implications for Audit Pricing and QualityJournal of Management Accounting Research
Panos N. Patatoukas, Gopal Krishnan, Anikka Yu Wang
Identifying Conditional Conservatism in Financial Accounting Data: Theory and EvidenceThe Accounting Review
Sunil Dutta, Panos N. Patatoukas
From Micro to Macro: Does Conditional Conservatism Aggregate up in the National Income and Product Accounts?Journal of Financial Reporting
Henry Laurion, Panos N. Patatoukas
Asymmetrically Timely Loss Recognition and the Accrual Anomaly, Discussion of Konstantinidi et al.A Journal of Accounting, Finance and Business Studies
Panos N. Patatoukas
Placebo Tests of Conditional ConservatismThe Accounting Review
Panos N. Patatoukas
Customer‐Base Concentration and Inventory Efficiencies: Evidence from the Manufacturing SectorProductions and Opperations Management
B. Korcan Ak , Panos N. Patatoukas
Financial Information Analysis and Valuation
Interdisciplinary Capital Markets Research in Law, Accounting, and Finance
Empirical Capital Markets Research