Panos N. Patatoukas

University of California, Berkeley - Haas School of Business

Professor, L.H. Penney Chair in Accounting

545 Student Services Building, #1900

2220 Piedmont Avenue

Berkeley, CA 94720

United States

http://https://sites.google.com/berkeley.edu/panos

SCHOLARLY PAPERS

27

DOWNLOADS
Rank 3,848

SSRN RANKINGS

Top 3,848

in Total Papers Downloads

17,625

SSRN CITATIONS
Rank 4,066

SSRN RANKINGS

Top 4,066

in Total Papers Citations

294

CROSSREF CITATIONS

132

Scholarly Papers (27)

1.

On the Capital Market Consequences of Big Data: Evidence from Outer Space

Journal of Financial and Quantitative Analysis
Number of pages: 49 Posted: 15 Mar 2019 Last Revised: 07 Dec 2023
Zsolt Katona, Marcus Painter, Panos N. Patatoukas and Jean (Jieyin) Zeng
University of California, Berkeley - Haas School of Business, Saint Louis University - Department of Finance, University of California, Berkeley - Haas School of Business and National University of Singapore (NUS) - NUS Business School
Downloads 3,420 (6,250)
Citation 10

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Big Data; Satellite Imagery; Short Selling; Information Asymmetry

2.

Customer-Base Concentration: Implications for Firm Performance and Capital Markets

The Accounting Review, March 2012
Number of pages: 49 Posted: 29 Aug 2010 Last Revised: 11 Apr 2014
Panos N. Patatoukas
University of California, Berkeley - Haas School of Business
Downloads 1,870 (16,252)
Citation 79

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Customer-Base Concentration, Supply-Chain Collaboration, DuPont Analysis, Market Efficiency

3.

Customer-Base Concentration: Implications for Audit Pricing and Quality

Journal of Management Accounting Research, Spring 2019
Number of pages: 51 Posted: 23 May 2014 Last Revised: 08 Nov 2021
Gopal V. Krishnan, Panos N. Patatoukas and Annika Yu Wang
Bentley University, University of California, Berkeley - Haas School of Business and University of Houston - Bauer College of Business
Downloads 1,301 (28,219)
Citation 10

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customer-base concentration; audit fees; audit quality; accounting restatements

4.

More Evidence of Bias in the Differential Timeliness Measure of Conditional Conservatism

The Accounting Review, September 2011
Number of pages: 46 Posted: 26 May 2010 Last Revised: 11 Apr 2014
Panos N. Patatoukas and Jacob K. Thomas
University of California, Berkeley - Haas School of Business and Yale School of Management
Downloads 951 (44,222)
Citation 32

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Conservatism, Differential Timeliness, Losses, Scaling by Share Price

5.

Valuation Uncertainty and Short-Sales Constraints: Evidence from the IPO Aftermarket

27th Annual Conference on Financial Economics and Accounting Paper
Number of pages: 62 Posted: 05 Jun 2016 Last Revised: 06 Aug 2022
Panos N. Patatoukas, Richard G. Sloan and Annika Yu Wang
University of California, Berkeley - Haas School of Business, University of Southern California - Leventhal School of Accounting and University of Houston - Bauer College of Business
Downloads 890 (48,426)
Citation 3

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Short-Sales Constraints, Valuation Uncertainty, IPO Pricing, Equity Mispricing

6.

Accounting Earnings and Gross Domestic Product

Journal of Accounting and Economics, February 2014
Number of pages: 36 Posted: 11 Jun 2013 Last Revised: 11 Apr 2014
Yaniv Konchitchki and Panos N. Patatoukas
University of California, Berkeley - Haas School of Business and University of California, Berkeley - Haas School of Business
Downloads 741 (62,071)
Citation 40

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Accounting Earnings, Corporate Profits, Gross Domestic Product (GDP)

7.

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

The Accounting Review, March 2014
Number of pages: 45 Posted: 11 Dec 2013 Last Revised: 11 Apr 2014
Yaniv Konchitchki and Panos N. Patatoukas
University of California, Berkeley - Haas School of Business and University of California, Berkeley - Haas School of Business
Downloads 736 (62,648)
Citation 24

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Accounting, Financial Statement Analysis, Macro Forecasting, Stock Valuation, Macroeconomics

8.

The Blockchain Evolution and Revolution of Accounting

Information for Efficient Decision Making: Big Data, Blockchain and Relevance
Number of pages: 21 Posted: 07 Oct 2020 Last Revised: 08 Nov 2021
Kimberlyn Munevar (George) and Panos N. Patatoukas
University of California, Berkeley - Haas School of Business and University of California, Berkeley - Haas School of Business
Downloads 715 (65,095)
Citation 3

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Blockchain, Cryptosassets, Triple-Entry Accounting, Real-Time Reporting, Open Book Accounting, Smart Contracts

9.

Identifying Conditional Conservatism in Financial Accounting Data: Theory and Evidence

The Accounting Review, July 2017
Number of pages: 50 Posted: 07 Jun 2015 Last Revised: 08 Nov 2021
Sunil Dutta and Panos N. Patatoukas
University of California, Berkeley - Haas School of Business and University of California, Berkeley - Haas School of Business
Downloads 714 (65,214)
Citation 7

Abstract:

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conditional conservatism, asymmetric timeliness, loss recognition, corporate financial reporting, valuation, construct validity, placebo tests

10.

Placebo Tests of Conditional Conservatism

The Accounting Review, March 2016
Number of pages: 48 Posted: 23 Apr 2015 Last Revised: 27 Jun 2016
Panos N. Patatoukas and Jacob K. Thomas
University of California, Berkeley - Haas School of Business and Yale School of Management
Downloads 622 (77,590)
Citation 19

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Conditional conservatism; asymmetric timeliness; differential timeliness; placebo tests

11.

Customer-Base Concentration and Inventory Efficiencies: Evidence from the Manufacturing Sector

Production and Operations Management Journal, February 2016
Number of pages: 38 Posted: 11 Apr 2014 Last Revised: 27 Jun 2016
B. Korcan Ak and Panos N. Patatoukas
University of California, Berkeley - Haas School of Business and University of California, Berkeley - Haas School of Business
Downloads 560 (88,580)
Citation 6

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Customer-base concentration; inventory efficiencies; inventory write-downs; firm valuation

12.

Stock Market Returns and GDP News

Journal of Accounting, Auditing, and Finance
Number of pages: 44 Posted: 22 Aug 2014 Last Revised: 08 Nov 2021
Panos N. Patatoukas
University of California, Berkeley - Haas School of Business
Downloads 513 (98,756)
Citation 2

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GDP Growth; Stock Market Returns; Macro Accounting

13.

Material ESG Alpha: A Fundamentals-Based Perspective

The Accounting Review, Forthcoming
Number of pages: 52 Posted: 17 Jan 2024
University of California, Berkeley - Haas School of Business, University of California, Berkeley - Haas School of Business and University of Piraeus, Department of Banking and Financial ManagementQueen Mary, University of London, School of Economics and Finance
Downloads 488 (107,344)

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SASB, Sustainability Reporting, Materiality, ESG, Alpha, Fundamentals

14.

Asymmetrically Timely Loss Recognition and the Accrual Anomaly

Abacus, March 2016
Number of pages: 18 Posted: 02 Sep 2015 Last Revised: 27 Jun 2016
Panos N. Patatoukas
University of California, Berkeley - Haas School of Business
Downloads 450 (115,865)
Citation 1

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accrual anomaly, earnings persistence, conditional conservatism, earnings fixation

15.

On the Pricing of Mandatory DCF Disclosures: Evidence from Oil and Gas Royalty Trusts

The Accounting Review, November 2016
Number of pages: 59 Posted: 07 Jan 2014 Last Revised: 28 Nov 2015
Panos N. Patatoukas, Richard G. Sloan and Jenny Zha Giedt
University of California, Berkeley - Haas School of Business, University of Southern California - Leventhal School of Accounting and George Washington University - School of Business
Downloads 432 (121,230)
Citation 4

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Royalty Trusts; ASC 932; Cash Flow Forecasts; DCF Valuation; Media Coverage; Information Dissemination

16.

Evidence of Conditional Conservatism: Fact or Artifact?

Number of pages: 42 Posted: 25 Oct 2009
Panos N. Patatoukas and Jacob K. Thomas
University of California, Berkeley - Haas School of Business and Yale School of Management
Downloads 426 (123,256)
Citation 8

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conservatism, asymmetric timeliness, losses, scaling by share price

17.

Synthetic Governance

Columbia Business Law Review, Vol. 2021, p. 476, U of Penn, Inst for Law & Econ Research Paper No. 20-41, European Corporate Governance Institute – Finance Working Paper No. 693/2020
Number of pages: 50 Posted: 19 Aug 2020 Last Revised: 22 Sep 2021
University of California, Berkeley - Haas School of Business, University of Pennsylvania Carey Law School, University of California, Berkeley - Haas School of Business and University of California, Berkeley - School of Law
Downloads 423 (124,210)

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Law and economics, corporate governance, capital markets, securities regulation, mutual funds, dual-class stock, shareholder voting, investment choices, asset management, index funds, split board chair and CEO

18.

Comment On 'On Estimating Conditional Conservatism' by Ball, Kothari, and Nikolaev

Number of pages: 37 Posted: 05 Sep 2011
Panos N. Patatoukas and Jacob K. Thomas
University of California, Berkeley - Haas School of Business and Yale School of Management
Downloads 391 (135,893)
Citation 4

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Conservatism, Differential Timeliness, Earnings

19.

From Micro to Macro: Does Conditional Conservatism Aggregate Up in the National Income and Product Accounts?

Number of pages: 56 Posted: 11 Jun 2015 Last Revised: 06 Aug 2022
Henry Laurion and Panos N. Patatoukas
University of Colorado at Boulder - Department of Accounting and University of California, Berkeley - Haas School of Business
Downloads 387 (137,480)
Citation 1

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NIPA corporate profits; conditional conservatism; construct validity; placebo tests

20.

Identifying the Roles of Accounting Accruals in Corporate Financial Reporting

Journal of Accounting, Auditing, and Finance
Number of pages: 39 Posted: 05 Dec 2018 Last Revised: 08 Nov 2021
Sunil Dutta, Panos N. Patatoukas and Annika Yu Wang
University of California, Berkeley - Haas School of Business, University of California, Berkeley - Haas School of Business and University of Houston - Bauer College of Business
Downloads 365 (146,735)
Citation 2

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Accruals, Cash Flows, Smoothing, Asymmetric Timeliness, Investment, Working Capital

21.

Detecting News in Aggregate Accounting Earnings: Implications for Stock Market Valuation

Review of Accounting Studies, March 2014
Number of pages: 45 Posted: 13 Mar 2013 Last Revised: 11 Apr 2014
Panos N. Patatoukas
University of California, Berkeley - Haas School of Business
Downloads 292 (186,270)
Citation 5

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Accounting earnings, Aggregate economy, Cash flow news, Discount rate news, Stock market valuation

22.

Identifying the Effect of Stock Indexing: Impetus or Impediment to Arbitrage and Price Discovery?

Journal of Financial and Quantitative Analysis (JFQA)
Number of pages: 59 Posted: 26 Feb 2021 Last Revised: 08 Nov 2021
Byung Hyun Ahn and Panos N. Patatoukas
University of California, Berkeley - Haas School of Business and University of California, Berkeley - Haas School of Business
Downloads 247 (220,438)

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Stock Indexing, Information Arbitrage, Price Discovery, Russell Reconstitution

23.

The Jobs Act Did Not Raise IPO Underpricing

Critical Finance Review
Number of pages: 54 Posted: 29 Jun 2021 Last Revised: 08 Nov 2021
Omri Even-Tov, Panos N. Patatoukas and Young S. Yoon
Haas School of Business - UC Berkeley, University of California, Berkeley - Haas School of Business and University of California, Berkeley - Haas School of Business
Downloads 223 (243,214)
Citation 4

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JOBS Act, Emerging Growth Companies, IPO Pricing

24.

Universal Demand Laws Did Not Increase Management Entrenchment

Number of pages: 31 Posted: 27 Jul 2022 Last Revised: 28 Feb 2023
Byung Hyun Ahn, Panos N. Patatoukas and Steven Davidoff Solomon
University of California, Berkeley - Haas School of Business, University of California, Berkeley - Haas School of Business and University of California, Berkeley - School of Law
Downloads 204 (264,227)

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Universal Demand Laws, Corporate Governance, E-Index, ISS Database

25.

On the Origins of Forecast Walk-Downs: A Macro-to-Micro Perspective

Journal of Accounting, Auditing, and Finance
Number of pages: 49 Posted: 14 Aug 2018 Last Revised: 05 Apr 2021
Panos N. Patatoukas, Ari Yezegel and Jean (Jieyin) Zeng
University of California, Berkeley - Haas School of Business, Bentley University - Department of Accountancy and National University of Singapore (NUS) - NUS Business School
Downloads 185 (288,452)

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forecast walk-downs, macro forecasters, sell-side analysts

26.

The Real-Time Macro Content of Corporate Financial Reports: A Dynamic Factor Model Approach

Journal of Monetary Economics, Vol. 118, 2021
Number of pages: 58 Posted: 07 Jul 2022
Ahmed M. Abdalla, Jose M. Carabias and Panos N. Patatoukas
Monash University - Department of Accounting, London School of Economics & Political Science (LSE) - London School of Economics and University of California, Berkeley - Haas School of Business
Downloads 74 (563,085)
Citation 5

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Corporate Financial Reports; Nowcasting; Forecasting; Macro Accounting.

27.

Under the Hood of Activist Fraud Campaigns: Private Information Quality, Disclosure Incentives and Stock Lending Dynamics

Number of pages: 50
Byung Hyun Ahn, Robert M. Bushman and Panos N. Patatoukas
University of California, Berkeley - Haas School of Business, University of North Carolina Kenan-Flagler Business School and University of California, Berkeley - Haas School of Business
Downloads 5

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Activist Short Sellers, Fraud Detection, Disclosure, Stock Lending Market