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

Yaniv Konchitchki Yaniv Konchitchki

Tenured Associate Professor | Distinguished Teaching Fellow | Faculty Director, UC Berkeley Haas Center for Financial Reporting and Management | Haas School of Business, University of California, Berkeley

Berkeley, CA, UNITED STATES

Social

Areas of Expertise (11)

Interdisciplinary Capital Markets

Macroeconomics

Financial Reporting

Financial Technology (Fintech), Innovation, and Related Decision Making

Valuation

Forecasting Firm/Industry/Macro Performance

Technology/Information Systems

Financial Statement Analysis

Finance

Macro-Accounting

Asset Pricing

About

Prof. Yaniv Konchitchki is a full-time tenured associate 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.

He is a founding father of Macro-Accounting, a new interdisciplinary research field that he has helped develop, with related research widely recognized such as through the American Accounting Association's Notable Contributions to Accounting Literature Award and the Best Paper Award. Examples of topics his research covers include inflation; technology/information systems; economic fluctuations & growth (i.e., GDP); monetary policy (including cost of capital/discount rates/interest rate dynamics); alternative data; & national accounting.

Overall, his research expertise is in corporate financial reporting and analysis, interdisciplinary capital markets, valuation, financial technology (Fintech) & innovation, and macroeconomics. His work focuses on the modeling and the resolution of real-world problems with the goal of enhancing decision making, while employing tools such as econometrics, statistical/big data analyses, and programmed algorithms.

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

Among other honors/awards for exceptional merits, he was recognized as the recipient of the Notable Contributions to Accounting Literature Award and the Best Paper Award -- both from the American Accounting Association. Also, as a World’s Top 40 Under 40, Bakar Faculty Fellow, Hellman Fellow for Distinguished Research Excellence, Schwabacher Fellow, & twice as Cheit Award recipient for Distinguished Teaching Excellence (core MBA courses).

Other honor examples: Stanford’s Jaedicke Merit Award for Outstanding Academic Achievements at Stanford, Thompson Teaching & Learning Innovation Award, Columbia University’s Research Grant, Tel Aviv University’s Special Program for Outstanding Merits & School of Economics' Research Prize.

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 (12)

NATIONAL: 2019 NOTABLE CONTRIBUTIONS TO ACCOUNTING LITERATURE AWARD (of the American Accounting Association and the American Institute of Certified Public Accountants)

“Award given…to published research work which has withstood a rigorous process of screening and scrutiny based on certain criteria, such as uniqueness and potential magnitude of contribution to accounting education, practice and/or future accounting research, breadth of potential interest, originality and innovative content, clarity and organization of exposition and soundness and appropriateness of methodology.”

NATIONAL: BEST PAPER AWARD (of the American Accounting Association)

“This annual award honors the paper that best reflects the tradition of academic scholarship in financial accounting and explores research that is relevant to problems facing the accounting profession and standard-setters.” For his research titled "Cost of Capital and Earnings Transparency." E.g.: http://faculty.haas.berkeley.edu/yaniv/2014_AAA_BestPaperAward_AAAPressRelease.pdf

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

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

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

UC BERKELEY: Distinguished Teaching Fellow; Earl F. Cheit Award for Distinguished Excellence in Teaching (awarded more than once)

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

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.'" E.g.: https://newsroom.haas.berkeley.edu/haas-names-new-schwabacher-fellows

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: Club Six Member

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

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 (2)

2017 – Present, Tenured Associate Professor, Berkeley Haas

At University of California, Berkeley since: July 2011

2011 – 2017, Assistant Professor, Berkeley Haas

At University of California, Berkeley since: July 2011

Media Appearances (14)

Faculty Honors: Five New Awards in Summer 2019

UC Berkeley  online

Several Haas faculty have recently been honored for their research and teaching...

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Yaniv Konchitchki Makes “World’s Top 40 Under 40”

Poets & Quants, Coverage by Haas media  online

Haas Professor Yaniv Konchitchki was named as a “World’s Top 40 Under 40” lauding the best young business professors from around the globe. Konchitchki joined the Berkeley-Haas faculty in 2011. Before receiving a PhD from Stanford University Graduate School of Business, he was a Certified Public Accountant (CPA) and a Senior Financial Consultant at PricewaterhouseCoopers (PwC) as well as a Senior Investment Expert at the Securities Authority.

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How Missing SEC Filing Deadlines Affects a Company’s Stock Value

Columbia Law School, Blue Sky Blog on Corporations and Capital Markets  online

Investors, hedge funds, regulators, banks, and attorneys want to know: What really happens when a company misses a regulatory deadline? In a new paper, we offer theory and quantitative analysis of the consequences of missing U.S. Securities and Exchange Commission (SEC) regulatory deadlines for filing quarterly (Form 10-Q) and annual (Form 10-K) financial statements. Timely disclosure of financial statement information is a critical requirement for firms and well-functioning capital markets. Late filings delay disclosures that help investors make informed investment decisions and, as a result, increase information asymmetry and trading costs. Late filings may also trigger costly regulatory penalties and covenant violations...

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Prof. Yaniv Konchitchki Wins American Accounting Association Best Paper Award

Haas School of Business, UC Berkeley  online

Berkeley, Calif. — Yaniv Konchitchki, assistant professor in the Accounting Group at UC Berkeley’s Haas School of Business, has received a prestigious 2014 Best Paper Award from the American Accounting Association (AAA), the world’s largest community of accountants in academia. The winning paper, “Earnings Transparency and Cost of Capital,” recently published in the Journal of Accounting and Economics, was coauthored with Mary E. Barth (Stanford) and Wayne R. Landsman (University of North Carolina). The trio received the Best Paper Award on August 4, 2014, at the American Accounting Association’s Annual Meeting, Financial Accounting and Reporting Section, held in Atlanta, GA. The annual award honors the paper that best reflects the tradition of academic scholarship in financial accounting and explores research that is relevant to problems facing the accounting profession and standard-setters.

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Exploring Cross-Sectional Effects of Inflation

Enterprising Investor  online

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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AICPA Honors Three with Education Awards

Accounting Today  online

The American Institute of CPAs recognized three academics for exemplary teaching and research contributions during the annual American Accounting Association meeting, held this week in San Francisco....

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

Poets & Quants  online

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  online

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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AICPA-Sponsored Notable Contributions to Accounting Literature Award

American Accounting Association  online

Lakewood Ranch, FL - August 14, 2019 - The American Accounting Association (AAA) would like to congratulate Yaniv Konchitchki and Panos N. Patatoukas as the recipients of the 2019 Notable Contributions to Accounting Literature Award for their works entitled, "Accounting Earnings and Gross Domestic Product," featured in the February 2014 issue of the Journal of Accounting and Economics, and "Taking the Pulse of the Real Economy Using Financial Statement Analysis: Implications for Macro Forecasting and Stock Valuation," featured in the March 2014 issue of The Accounting Review.

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Shares Drop When Cos. File Late: Study

CFO  online

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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Best Paper Award - Announcement

American Accounting Association  online

Sarasota, FL, August 15, 2014 -- The American Accounting Association (AAA) is pleased to congratulate Mary E. Barth, Yaniv Konchitchki, and Wayne R. Landsman as recipients of the AAA’s 2014 Financial Accounting and Reporting Section Best Paper Award for their study, “Earnings Transparency and Cost of Capital,” recently published in the Journal of Accounting and Economics. This AAA award was presented to the authors in the form of a monetary prize and engraved plaques on Monday, August 4 at the 2014 AAA Annual Meeting held in Atlanta, Georgia.

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Trading PEAD: 16 Stocks With Earnings Surprises Over 50%

Seeking Alpha  online

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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Profs. Receive Prestigious Research Award

American Accounting Association, Coverage by Haas  online

Haas professors have won the 2019 Notable Contributions to Accounting Literature Award from the the American Accounting Association. The award has been given for research work evaluated for its uniqueness and potential magnitude of contribution to accounting education, practice and/or future accounting research; breadth of potential interest; originality and innovation, clarity and organization of exposition; and soundness and appropriateness of methodology.

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Haas Names New Schwabacher Fellows

UC Berkeley Haas  online

Associate Professor Nicolae Gârleanu (left) and Assistant Professor Yaniv Konchitchki have been awarded Schwabacher Fellowships by the Haas Executive Committee, a panel that includes the dean and senior faculty. The fellowship is the highest honor that Haas bestows upon up-and-coming faculty stars. It consists of a small unrestricted cash award, a research grant, and a modest instructional point credit.

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Selected Papers & Publications (11)

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. [Awarded the BEST PAPER AWARD of the American Accounting Association] -----------------

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Event Study Methodologies in Information Systems Research International Journal of Accounting Information Systems

2011. [Methodologies for interdisciplinary capital markets research in the interface of finance, technology/information systems, and financial reporting]

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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. [Awarded the NOTABLE CONTRIBUTIONS TO ACCOUNTING LITERATURE AWARD of the American Accounting Association and the American Institute of Certified Public Accountants] -----------------

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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. [Awarded the NOTABLE CONTRIBUTIONS TO ACCOUNTING LITERATURE AWARD of the American Accounting Association and the American Institute of Certified Public Accountants] -----------------

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Accounting Valuation and Cost of Capital Dynamics: Theoretical and Empirical Macroeconomic Aspects. Discussion of Callen Abacus

2016. [In addition to discussing some theory aspects of accounting-based valuation, this paper provides a review, extensions, and future directions for the area that Prof. Konchitchki has termed as Macro-Accounting and helped founded it as a growing research field.] -----------------

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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)