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Yaniv Konchitchki - Haas School of Business, University of California, Berkeley. Berkeley, CA, US

Yaniv Konchitchki Yaniv Konchitchki

Associate Professor | Distinguished Teaching Fellow | Haas School of Business, University of California, Berkeley

Berkeley, CA, UNITED STATES

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Areas of Expertise (3)

RESEARCH INTEREST 1: Capital markets research in accounting, focusing on linkages between firms’ financial information, stock valuation, and the macroeconomy. RESEARCH INTEREST 2: Macro-Accounting (e.g., price levels; economic fluctuations and growth including recessions and GDP; interest/discount rates; real estate; national accounting). OVERALL EXPERTISE: (a) Financial Accounting and Corporate Finance (e.g., U.S. GAAP, securities matters, FSA, valuation); (b) Forecasting Firm/Industry/Macroeconomic Performance; (c) Regulation Effects; (d) Macro-Accounting-Stocks Links.

About

Prof. Yaniv Konchitchki is a full-time tenured professor at UC Berkeley’s Haas School of Business. He received his PhD in Business Administration from Stanford’s Graduate School of Business, and MSc in Statistics from Stanford’s Statistics Department. He also holds a CPA license. Before receiving his PhD, he worked a number of years as a CPA and Senior Financial Analysis Expert for PwC, and as an Economist for Israel’s Securities Authority. He is also a military Special Forces veteran, as a soldier and commander.

His research expertise is in the relationship between financial reporting and analysis, capital markets, and macroeconomics. His work focuses on the modeling and the resolution of real-world problems with the goal of enhancing decision making, employing tools such as econometrics, statistical/big data analyses, and programmed algorithms.

He is a founding father of Macro-Accounting, a new research field that he has helped develop. Examples of topics in his research and expertise: inflation; economic fluctuations and growth (including recession and GDP); monetary policy (including cost of capital/discount rates and interest rate dynamics); real estate; and national accounting.

His research was published in top-tier academic and professional journals, and he was invited to present at several world’s top academic institutions, hedge funds, investment institutions, and national security intelligence forums (e.g., U.S. Army Cyber Command).

Among other honors and awards for exceptional merits in research in teaching, he was recognized as a World’s Top 40 Under 40, a Bakar Faculty Fellow, a Hellman Fellow for Distinguished Excellence in Research, a Schwabacher Fellow, and as an Earl F. Cheit Award Recipient for Distinguished Excellence in Teaching (two times; for Haas core MBA teaching; “Highest teaching award bestowed annually upon instructors at Berkeley Haas”).

Other honor/award examples are the American Accounting Association’s Best Paper Award, Stanford’s Jaedicke Merit Award for Outstanding Academic Achievements at Stanford, Evan C. Thompson Teaching & Learning Innovation Award (for core MBA Teaching Excellence), Columbia University’s Research Grant, Tel Aviv University’s Annual Research Prize of the School of Economics and the selection to the Special Program for Outstanding Students.

Multimedia

Publications:

Documents:

Videos:

Yaniv Konchitchki, Macro-Accounting, Exploring Cross-Sectional Effects of Inflation

Audio:

Education (4)

Stanford University, Graduate School of Business: PhD, Business Administration

Dissertation on Macro-Accounting (inflation)
Dissertation Chair: Prof. Mary Barth
Jaedicke Merit Award for Outstanding Academic Performance at Stanford GSB's PhD Program

Stanford University, Department of Statistics: MSc, Statistics

Emphasis on Math courses

Tel Aviv University: MA; BA, Economics and Accounting

Emphasis on Math and Macroeconomics
Completed all courses required for PhD in Economics

Certified Public Accountant: Licensed CPA

Honors & Awards (11)

UC BERKELEY: Barbara and Gerson Bakar Faculty Fellow

“A most positive signal for the years to come, the fellowship honors Haas faculty members with a record of accomplishment and a very bright future.”

UC BERKELEY: Hellman Fellow Fund Award for Distinguished Excellence in Research

Selected from across the university as a “Most Promising Assistant Professor.”

UC BERKELEY: Schwabacher Fellow

"The Berkeley Haas Executive Committee voted this honor on the basis of 'outstanding research, exceptional departmental service, unusual scholarly growth, or some combination thereof.'"

UC BERKELEY: Earl F. Cheit Award for Teaching Excellence (awarded twice)

"Highest teaching award bestowed annually upon instructors at Berkeley Haas." (Awarded for Core MBA Course on Financial Reporting)

UC BERKELEY: Club Six Member

Awarded for Teaching Excellence in Core MBA (several teaching years at Haas)

American Accounting Association’s Best Paper Award

2014

INTERNATIONAL: "World's 40 Under 40"

Featured in Fortune, Haas, P&Q. See:
http://newsroom.haas.berkeley.edu/yaniv-konchitchki-makes-worlds-top-40-under-40

https://poetsandquants.com/2014/02/12/best-prof-yaniv-konchitchki

http://fortune.com/2014/02/12/the-40-best-b-school-professors-under-40

STANFORD GSB: Jaedicke Merit Award for Outstanding Academic Performance in the PhD Program

Stanford University, Graduate School of Business
Doctoral Fellowships

USC MARSHALL: Evan C. Thompson Teaching & Learning Innovation Award

For Core MBA Teaching Excellence

TEL AVIV UNIVERSITY: Annual Research Prize of the School of Economics (2000)

In addition:
- Several awards for excellence, including full tuition scholarships and stipends during each year of studies.
- Selected to University’s Special Program for Outstanding Students.
- Magna Cum Laude.

COLUMBIA UNIVERSITY: Research Grant

Center for International Business Education and Research

Positions Held (1)

2017 – Present, Associate Professor (with tenure), Berkeley Haas

At Haas since 2011

Media Appearances (5)

Shares Drop When Cos. File Late: Study

CFO  online

2017-11-29

Companies’ share prices plummet when they file Form NT (“non-timely”), despite stated expectations to meet their deadlines, according to a paper published by professors Eli Bartov of New York University and Yaniv Konchitchki of the University of California at Berkeley in the December issue of the American Accounting Association’s journal Accounting Horizons.

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Exploring Cross-Sectional Effects of Inflation

Enterprising Investor  online

2014-02-26

The US generally accepted accounting principles (GAAP) do not require adjustments for inflation, so financial statements are reported in nominal terms. This struck Yaniv Konchitchki as problematic. In his article “Accounting and the Macroeconomy: The Case of Aggregate Price-Level Effects on Individual Stocks,” published in the November/December 2013 issue of the Financial Analysts Journal, Konchitchki examines stock-valuation effects of aggregate price-level changes on individual companies. He shares his thoughts about his work in the latest installment of our FAJ author interview series.

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The 40 Most Outstanding B-School Profs Under 40 In The World

Poets & Quants  online

2014-02-12

Business school professors at top institutions are under intense pressure. And it comes from all sides–the publish-or-perish demands of academia, the university administrators wrapped up in rankings, and ambitious students determined to squeeze every cent out of a $100,000+ investment.

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Making a case for transparent corporate accounting information

Phys.org  

2013-06-17

A new study by accounting professor Yaniv Konchitchki finds greater transparency in firms' earnings has a positive effect on the bottom line.

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Trading PEAD: 16 Stocks With Earnings Surprises Over 50%

Seeking Alpha  online

2011-05-05

The counter-argument is found in a November 8 2010 abstract entitled On the Predictability of Analyst Forecast Errors and the Post-Earnings-Announcement Drift, by Yaniv Konchitchki, Lou, Gil and Ronnie Sadka. They attribute much of the gain to predictable error, momentum and other variables that lead to a risk-based explanation of the phenomenon rather than sole investor under-reaction.

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Selected Papers & Publications (9)

Inflation and Nominal Financial Reporting: Implications for Performance and Stock Prices The Accounting Review

2011

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Cost of Capital and Earnings Transparency Journal of Accounting and Economics

2013; Winner of the American Accounting Association’s Best Paper Award

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Capital Markets Valuation and Accounting Performance of Most Admired Knowledge Enterprise (MAKE) Award Winners Decision Support Systems

2013

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Accounting Earnings and Gross Domestic Product Journal of Accounting and Economics

2014

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Accounting and the Macroeconomy: The Case of Aggregate Price-Level Effects on Individual Stocks Financial Analysts Journal

2013

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Taking the Pulse of the Real Economy Using Financial Statement Analysis: Implications for Macro Forecasting and Stock Valuation The Accounting Review

2014

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Accounting-Based Downside Risk, Cost of Capital, and the Macroeconomy Review of Accounting Studies

2016

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SEC Filings, Regulatory Deadlines, and Capital Market Consequences Accounting Horizons

Forthcoming

Interest Rate Volatility, the Yield Curve, and the Macroeconomy Journal of Financial Economics

Forthcoming

Teaching (6)

Financial Accounting

Full-Time MBA Program (Core Course)

Highlights from Financial Accounting Practice and Research

Berkeley Executive Programs in Management

Doctoral Seminar in Accounting Research

PhD-Level

Research Seminar in Financial Accounting

PhD-Level

Macro-Accounting/Interdisciplinary Capital Markets Research

PhD-Level

Financial Reporting

Evening MBA Program (Core Course)

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