Associate Professor & Distinguished Teaching Fellow | Founder & Faculty Director, Berkeley Fintech Program | Professional Macro Forecaster, U.S. Federal Reserve | Lead Fintech Researcher, Wells Fargo Lab
Accounting
Pioneering research on financial-based solutions to real-world problems
About
Professor Konchitchki is an award-winning expert in monetary economics, macroeconomic forecasting, inflation & economic growth, capital markets & corporate financial reporting, Fintech, and AI/alternative data investing.
As a Professional Macro Forecaster for the U.S. Federal Reserve, the Founder & Faculty Director of the Berkeley Fintech Program, and a founding father of Macro-Accounting—which identifies interdisciplinary links between macroeconomics, capital markets, and corporate financial reporting—he conducts research on real-world matters such as monetary economics, inflation, GDP, Fed’s policy, inequality, stock prices, & interest rates.
His specialization in capital markets includes developing investment algorithms and helping companies with business plans & raising capital. Also, he developed various real-world tools and is actively engaging in identifying stock- & macro-level movements as well as improving forecasts for the Fed.
He is a full-time tenured associate professor at UC Berkeley’s Haas School of Business. His PhD is from Stanford’s Graduate School of Business, and he also holds a CPA license and an MSc from Stanford’s Statistics. He also worked years as a Senior Economist, as well as a CPA and Senior Financial Analysis Expert for PwC.
He has vast experience in academia and industry, including in macroeconomic forecasting & policy making, financial reporting & analysis, economic modeling, programming, developing investment algorithms, audit, litigation, and Fintech. He currently conducts pioneering research on financial-based solutions to real-world problems—benefiting macroeconomics, finance, accounting, and related disciplines.
He is widely recognized via awards/honors, e.g., World’s Top 40 Under 40, Favorite MBA Professors, Notable Contributions to Literature Award, American Accounting Association’s Best Paper Award, Bakar, Hellman, & Schwabacher Fellowships for Distinguished Research Excellence, Cheit Awards, Learning Innovation Award, Stanford’s Jaedicke Merit Award for Outstanding Academic Achievements, etc.
He publishes in top-tier academic & professional journals, and he is a frequent presenter at top academic & investment institutions, technology & litigation companies, hedge funds, VCs, & national security intelligence forums (e.g., U.S. Cyber Command).
He advises global executives on strategy, innovation, corporate financial & risk matters, and how macroeconomic changes affect their firms (e.g., inflation/interest rate risks; cash flow sensitivities).
Expertise and Research Interests
- Monetary Economics; Inflation; Macroeconomics; Federal Reserve
- GDP; Interest Rates
- Monetary Policy Decisions and Communications
- Financial-based Solutions to Real-World Problems
- Interdisciplinary Capital Markets
- Macro-Accounting
- Financial Reporting
- Forecasting Firm/Industry/Macroeconomic Performance
- Financial Technology (Fintech), Innovation, and Related Decision Making
- AI/Alternative Data Investing
- Financial Statement Analysis
- Technology/Information Systems
- Corporate Transparency
- Valuation/Asset Pricing
* Yaniv Konchitchki. “Inflation and Nominal Financial Reporting: Implications for Performance and Stock Prices.” 2011 (Appendix)
- Published in: The Accounting Review
* Yaniv Konchitchki and Daniel E. O’Leary. “Event Study Methodologies in Information Systems Research.” 2011
- Published in: International Journal of Accounting Information Systems
- [Methodologies for interdisciplinary capital markets research in the interface of finance, technology/information systems, and financial reporting]
* Mary E. Barth, Yaniv Konchitchki, Wayne R. Landsman. “Cost of Capital and Earnings Transparency.” 2013
- Published in: Journal of Accounting and Economics
- [Awarded the BEST PAPER AWARD of the American Accounting Association]
* Yaniv Konchitchki. “Accounting and the Macroeconomy: The Case of Aggregate Price-Level Effects on Individual Stocks.” 2013
* Yaniv Konchitchki and Panos N. Patatoukas. “Accounting Earnings and Gross Domestic Product.” 2014
- Published in: Journal of Accounting and Economics
- [Awarded the NOTABLE CONTRIBUTIONS TO ACCOUNTING LITERATURE AWARD of the American Accounting Association and the American Institute of Certified Public Accountants]
* Mark L. DeFond, Yaniv Konchitchki, Jeff L. McMullin, Daniel E. O’Leary. “Capital Markets Valuation and Accounting Performance of Most Admired Knowledge Enterprise (MAKE) Award Winners.” 2013
- Published in: Decision Support Systems
* Yaniv Konchitchki and Panos N. Patatoukas. “Taking the Pulse of the Real Economy Using Financial Statement Analysis: Implications for Macro Forecasting and Stock Valuation.” 2014
- Published in: The Accounting Review
- [Awarded the NOTABLE CONTRIBUTIONS TO ACCOUNTING LITERATURE AWARD of the American Accounting Association and the American Institute of Certified Public Accountants]
* Yaniv Konchitchki, Yan Luo, Mary L. Z. Ma, Feng Wu. “Accounting-Based Downside Risk, Cost of Capital, and the Macroeconomy.” 2016
- Published in: Review of Accounting Studies
* Eli Bartov and Yaniv Konchitchki. “SEC Filings, Regulatory Deadlines, and Capital Market Consequences.” 2017
- Published in: Accounting Horizons
* Scott Joslin and Yaniv Konchitchki. “Interest Rate Volatility, the Yield Curve, and the Macroeconomy.” 2018
- Published in: Journal of Financial Economics
* Yaniv Konchitchki and Jin Xie. “Undisclosed Material Inflation Risk.” 2023 (Online Appendix)
- “Digital Traffic, Financial Performance, and Stock Valuation” 2023 (with Christopher S. Armstrong and Biwen Zhang)
- “National Accounting, Inflation, and Rising Inequality” 2023 (with Scott Joslin and Byung Hyun Ahn)
- “Undisclosed Material Inflation Risk” 2023 (with Jin Xie)
- “Predictable Errors in Monetary Policy Communications and Decisions” 2023 (with Don A. Moore and Biwen Zhang)
At Haas since 2011
- 2017 – Present, Tenured Associate Professor, Haas School of Business, University of California, Berkeley
- 2011 – 2017, Assistant Professor, Haas School of Business, University of California, Berkeley
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: “Favorite MBA Professors Of The Class Of 2021”
Poets & Quants, see:
INTERNATIONAL: “World’s 40 Under 40”
Featured in Fortune, Haas, P&Q. See:
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
- Executives ignore SEC legal requirements to warn investors about inflation risk, new research finds, UC Berkeley, 04/17/2023
- Manila Jockey Club [MJC] suspended for failure to submit financial statements, Philstar Global, 08/03/2021
- Favorite MBA Professors Of The Class Of 2021, Poets & Quants, 08/01/2021
- Faculty Honors: Five New Awards in Summer 2019, UC Berkeley, 08/28/2019
- AICPA Honors Three with Education Awards, Accounting Today, 08/15/2019
- Profs. Receive Prestigious Research Award, American Accounting Association, 06/14/2019
- AICPA-Sponsored Notable Contributions to Accounting Literature Award, American Accounting Association, 08/08/2018
- Shares Drop When Cos. File Late: Study, CFO, 11/29/2017
- How Missing SEC Filing Deadlines Affects a Company’s Stock Value, Columbia Law School – Blue Sky Blog, 11/27/2017
- Prof. Yaniv Konchitchki Wins American Accounting Association Best Paper Award, Haas School of Business,, 08/28/2014
- Best Paper Award – Announcement, American Accounting Association, 08/15/2014
- Haas Names New Schwabacher Fellows, UC Berkeley Haas, 05/12/2014
- Exploring Cross-Sectional Effects of Inflation, Enterprising Investor, 02/26/2014
- Yaniv Konchitchki Makes “World’s Top 40 Under 40”, Poets & Quants, 02/23/2014
- The 40 Most Outstanding B-School Profs Under 40 In The World, Poets & Quants, 02/12/2014
- Google Website, Google, 05/29/2016
- Making a Case for Transparent Corporate Accounting Information, Phys.org, 06/17/2013
- Trading PEAD: 16 Stocks With Earnings Surprises Over 50%, Seeking Alpha, 05/05/2011
- Berkeley Fintech: Frameworks, Applications, and Strategies (Faculty Director, Berkeley Executive Education)
- Financial Accounting, Full-Time MBA Program (Core Course)
- Financial Reporting and Decision Making for Real Life Success (Offered to students across campus, UGBA 127, MBA 296)
- Macro-Accounting/Interdisciplinary Capital Markets Research, PhD-Level
- Financial Reporting, Evening 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