Faculty & Research

Faculty and Executive Leadership Directory

Panos N. Patatoukas

Associate Professor
Haas Accounting Group
Email: click on the envelope icon below for full email address
Academic Status: On duty
Personal Homepage: http://panos.som.googlepages.com/
Curriculum Vitae (in PDF format, Acrobat Reader required)


  • Ph.D., Accounting and Finance, Yale University, December 2010
    — Dissertation Title: Essays on Corporate Financial Reporting and Financial Statement Analysis
    — Dissertation Committee: Jake Thomas (Director), Shyam Sunder, Brian Mittendorf, Frank Zhang
  • M.Phil., Management, Yale University, 2008
  • M.A., Management, Yale University, 2007
  • M.Sc., Accounting and Finance, London School of Economics & Political Science, Highest Distinction, 2004
  • European Union Erasmus Fellow, Lancaster University Management School, 2003
  • B.A., Accounting and Finance, Athens University of Economics & Business, Valedictorian, 2003

Positions Held

At Haas since 2010

May 2016 – present, University of California, Berkeley, Haas School of Business: Associate Professor with Tenure (Step I.5)
July 2010 – May 2016, University of California, Berkeley, Haas School of Business: Tenure-Track Assistant Professor

External Service and Assignments

  • Ad hoc Journal Referee: Accounting Review, Accounting Horizons, California Management Review, Contemporary Accounting Research, European Accounting Review, Journal of Accounting and Economics, Journal of Accounting Research, Journal of Banking and Finance, Journal of Business Finance and Accounting, Journal of Finance, Management Science, Production and Operations Management Journal, Review of Accounting Studies, Review of Financial Studies
  • Ad hoc Reviewer: Research Grants Council of Hong Kong, Le Fonds France-Berkeley.
  • Affiliations: American Accounting Association, European Accounting Association, Hellenic Chamber of Commerce, Hellenic Finance and Accounting Association, Onassis Foundation Scholars’ Association.
  • American Accounting Association:
    • Western Region Meeting, Doctoral Consortium Faculty Delegate: 2014, 2015.
    • Annual Meeting, Financial Accounting and Reporting—Valuation and Fundamental Analysis Section Liaison: 2014.

Current Research and Interests

  • Measuring and forecasting economic activity using financial statement analysis at the
    firm level and the macroeconomic level
  • Financial statement analysis and valuation at the firm level and the aggregate level
  • Cross-industry economic links and supply-chain management
  • Properties of financial accounting data and financial reporting conservatism
  • National accounting and measuring macroeconomic activity

Selected Papers and Publications

Published Papers

  • Customer-Base Concentration and Inventory Efficiencies: Evidence from the Manufacturing Sector, with doctoral student Korcan Ak, forthcoming in Production and Operations Management Journal (April 2016)
  • Placebo Tests of Conditional Conservatism, with Jake Thomas, forthcoming in The Accounting Review (March 2016)
  • On the Pricing of Mandatory DCF Disclosures: Evidence from Oil and Gas Royalty Trusts, with Richard Sloan and doctoral student Jenny Zha, forthcoming in The Accounting Review (November 2015)
  • Taking the Pulse of the Real Economy Using Financial Statement Analysis: Implications for Macro Forecasting and Stock Valuation, with Yaniv Konchitchki, The Accounting Review 89 (2): 2014
  • Detecting News in Aggregate Accounting Earnings: Implications for Stock Market Valuation, Review of Accounting Studies 19 (1): 2014
  • Accounting Earnings and Gross Domestic Product, with Yaniv Konchitchki, Journal of Accounting and Economics 57 (1): 2014
  • Customer-Base Concentration: Implications for Firm Performance and Capital Markets, The Accounting Review 87 (2): 2012
  • More Evidence of Bias in Differential Timeliness Estimates of Conditional Conservatism, with Jake Thomas, The Accounting Review 86 (5): 2011

Working Papers

  • On the Association between Stock Returns and GDP Growth Forecast Errors: A Bond Market Perspective, second round in the Journal of Banking and Finance
  • On the “Great Disconnect” between Stock Returns and GDP Growth Forecast Errors: Implications for Interdisciplinary Capital Markets Research in Accounting, second round in the Contemporary Accounting Research
  • Major Customer Dependency: Implications for Audit Pricing and Quality, with Gopal Krishnan, Grace Lee, and doctoral student Annika Wang, under review
  • Asymmetric Timeliness Estimates of Conditional Conservatism: Separating Accounting from Economics, with Sunil Dutta, under review
  • In Search of Accounting Conservatism at the Macroeconomic Level, with doctoral student Henry Laurion, under review
  • Revisions to Official Macroeconomic Announcements and Firm-Level Financial Information, with Yaniv Konchitchki, under review
  • Accounting Earnings Quality at the Macro Level, with Yaniv Konchitchki, under review


  • Financial Information Analysis and Valuation, Evening & Weekend M.B.A. Program
  • Interdisciplinary Capital Markets Research, Ph.D. Program
  • Empirical Capital Markets Research, Ph.D. Program
  • Volunteer Instructor, Business Academy for Youth, Center for Young Entrepreneurs
  • Public Speaking/Entrepreneurship, Undergraduate Program

Honors and Awards



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