Associate Professor | The L.H. Penney Chair in Accounting | Distinguished Teaching Fellow
Accounting | Center for Equity, Gender, and Leadership | Sustainability
Expert on micro and macro interdisciplinary capital markets research
About
Panos N. Patatoukas is a tenured Associate Professor and the L.H. Penney Chair in Accounting at the Haas School of Business, UC Berkeley. He received his PhD, MPhil, and MA from Yale, his MSc from the London School of Economics (with distinction), and his BA in accounting and finance (valedictorian) from Athens University of Economics and Business.
Patatoukas’ research focuses on interdisciplinary capital markets research and informs “micro-to-macro” and “macro-to-micro” questions bridging the gap between academics and practitioners. For his impact on interdisciplinary capital markets research, Patatoukas has been recognized two times with the 2017 and 2019 Notable Contributions to Accounting Literature Award of the American Accounting Association and the American Institute of Certified Public Accountants.
For his teaching, Patatoukas has been recognized with the Distinguished Teaching Award, which is the highest award bestowed by the Chancellor of UC Berkeley for outstanding and meritorious teaching at the Berkeley campus, and four times with the Earl F. Cheit Outstanding Teaching Award, which is the highest teaching award bestowed upon instructors by the MBA students at Berkeley Haas. Patatoukas was also selected as Top-10 Business School Professor under 40 by Fortune.
Patatoukas has served several terms as the PhD Field Advisor for the Accounting Group and as a member of the MBA Degree Program Committee at Berkeley Haas. He is the founding Faculty Director of the Berkeley Executive Education programs on “Financial Data Analysis for Leaders” and “Intelligent Investing for Everyone,” and has co-created impactful custom programs for university partners. Patatoukas is also currently serving as the Faculty Director of the Center for Financial Reporting and Management at Berkeley.
Expertise and Research Interests
- Financial statement analysis and corporate valuation
- Cross-industry economic links and value creation along the supply chain
- Properties of financial accounting data and corporate financial reporting
- Forecasting and nowcasting economic activity using financial accounting data
- Measurement of economic activity in national accounts
- Panos N. Patatoukas, Ari Yezegel, and Jieyin Zeng. On the Origins of Forecast Walk-Downs: A Macro-to-Micro Perspective. Journal of Accounting, Auditing, and Finance (forthcoming).
2021 - Omri Even-Tov, Panos N. Patatoukas, Young S. Yoon. The JOBS Act Did Not Raise IPO Underpricing. Critical Finance Review (forthcoming).
2021 - Ahmed M. Abdallaa, Jose M. Carabias, Panos N. Patatoukas. The Real-Time Macro Content of Corporate Financial Reports: A Dynamic Factor Model Approach. Journal of Monetary Economics.
2021 - Panos N. Patatoukas. Stock Market Returns and GDP News. Journal of Accounting, Auditing, and Finance.
2021 - Panos N. Patatoukas, Richard G. Sloan, Annika Yu Wang. Valuation Uncertainty and Short-Sales Constraints: Evidence from the IPO Aftermarket. Management Science.
2021 - Byung Hyun Ahn and Panos N. Patatoukas. Identifying the Effect of Stock Indexing: Impetus or Impediment to Arbitrage and Price Discovery?. Journal of Financial and Quantitative Analysis (forthcoming).
2021 - Byung Hyun Ahn, Jill E. Fisch, Panos N. Patatoukas & Steven Davidoff Solomon. Synthetic Governance. Columbia Business Law Review (forthcoming).
2021 - Sunil Dutta, Panos N. Patatoukas, Annika Yu Wang. Identifying the Roles of Accounting Accruals in Corporate Financial Reporting. Journal of Accounting, Auditing, and Finance (forthcoming).
2021 - Kimberlyn George & Panos N. Patatoukas. The Blockchain Evolution and Revolution of Accounting. Information for Efficient Decision Making: Big Data, Blockchain and Relevance (Book).
2020 - Panos N. Patatoukas. Accounting Earnings and Gross Domestic Product. Journal of Accounting and Economics.
2019 AAA/AICPA Notable Contributions to Accounting Literature Award - Yaniv Konchitchki and Panos N. Patatoukas. Taking the Pulse of the Real Economy Using Financial Statement Analysis: Implications for Macro Forecasting and Stock Valuation. Accounting Review.
2019 AAA/AICPA Notable Contributions to Accounting Literature Award - Gopal Krishnan, Panos N. Patatoukas, Annika Yu Wang. Customer-Base Concentration: Implications for Audit Pricing and Quality. Journal of Management Accounting Research.
2018 - Panos N. Patatoukas. Customer-Base Concentration: Implications for Firm Performance and Capital Markets. Accounting Review.
2017 AAA/AICPA Notable Contributions to Accounting Literature Award
2011 Competitive Manuscript Award - Sunil Dutta, Panos N. Patatoukas. Identifying Conditional Conservatism in Financial Accounting Data: Theory and Evidence. The Accounting Review.
2017 - B. Korcan Ak, Panos N. Patatoukas. Customer‐Base Concentration and Inventory Efficiencies: Evidence from the Manufacturing Sector. Productions and Opperations Management Journal.
2016 - Henry Laurion, Panos N. Patatoukas. From Micro to Macro: Does Conditional Conservatism Aggregate up in the National Income and Product Accounts?. Journal of Financial Reporting.
2016 - Panos N. Patatoukas. Asymmetrically Timely Loss Recognition and the Accrual Anomaly, Discussion of Konstantinidi et al.. A Journal of Accounting, Finance and Business Studies.
2016 - Panos N. Patatoukas, Jacob K. Thomas. Placebo Tests of Conditional Conservatism. The Accounting Review.
2016 - Panos N. Patatoukas, Richard G. Sloan, Jenny Zha. On the Pricing of Mandatory DCF Disclosures: Evidence from Oil and Gas Royalty Trusts. Accounting Review.
2015 - Panos N. Patatoukas. Detecting News in Aggregate Accounting Earnings: Implications for Stock Market Valuation. Review of Accounting Studies.
2013 - Panos N. Patatoukas, Jacob K. Thomas. More Evidence of Bias in Differential Timeliness Estimates of Conditional Conservatism. Accounting Review.
2011
At Haas since 2010
2018 − Present: The L. H. Penney Chair in Accounting
2018 − Present: Core Faculty Fellow, Berkeley Center for Law & Business
2016 − Present: Associate Professor
2010 − 2016: Assistant Professor
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
Two-time Recipient, 2019 & 2017
Earl F. Cheit Award for Excellence in Teaching
Highest teaching award bestowed upon instructors at Berkeley Haas
Three-Time Recipient, MBA Program: 2021, 2017, 2015, 2012
Fortune’s Top 10 Business School Professor Under 40
Class of 2015
- The Dealbook Newsletter, The New York Times, 09/09/2020
- UC Berkeley changes course: Lecturers now excluded from hiring freeze, San Francisco Chronicle, 05/22/2020
- Because of coronavirus we’re doing things differently. How long will that last?, San Francisco Chronicle, 03/15/2020
- AICPA honors three with education awards, Accounting Today, 08/15/2019
- You can make millions counting cars in parking lots from outer space, Quartz, 06/26/2019
- Alternative data and the sophisticated investor advantage, Canadian Investment Review, 05/02/2019
- Stock Picks From Space, The Atlantic, 05/01/2019
- AICPA names 2017 ‘Accounting Literature Award’ recipient, Accounting Today, 08/08/2017
- Why Reaping IPO Riches Isn’t a Snap, The Wall Street Journal, 03/07/2017
- New Support For A 40-Year-Old Theory About IPOs, Seeking Alpha, 08/19/2016
- How Manufacturers Win by Not Playing the Field, iScience Daily, 04/04/2016
- Financial Information Analysis and Valuation, MBA Program
- Interdisciplinary Capital Markets Research in Law, Accounting, and Finance, PhD Program
- Empirical Capital Markets Research, PhD Program
