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

  • University of California, Berkeley - Haas School of Business

SCHOLARLY PAPERS

30

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in Total Papers Downloads

22,275

TOTAL CITATIONS
Rank 3,815

SSRN RANKINGS

Top 3,815

in Total Papers Citations

343

Scholarly Papers (30)

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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 3,902 (5,964)
Citation 21

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Big Data; Satellite Imagery; Short Selling; Information Asymmetry

2.

Material ESG Alpha: A Fundamentals-Based Perspective

The Accounting Review, Forthcoming
Number of pages: 52 Posted: 17 Jan 2024 Last Revised: 23 May 2024
Byung Hyun Ahn, Panos N. Patatoukas, George S. Skiadopoulos and George S. Skiadopoulos
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 2,660 (11,035)
Citation 7

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

3.

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 2,057 (16,655)
Citation 93

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

4.

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 1,349 (31,831)
Citation 13

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

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 985 (50,113)
Citation 3

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

6.

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 976 (50,748)
Citation 32

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Conservatism, Differential Timeliness, Losses, Scaling by Share Price

7.

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 900 (56,768)
Citation 6

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

8.

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 783 (68,494)
Citation 38

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

9.

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 775 (69,416)
Citation 59

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

10.

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 753 (72,188)
Citation 7

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

11.

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 643 (88,387)
Citation 19

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Conditional conservatism; asymmetric timeliness; differential timeliness; placebo tests

12.

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 633 (90,206)
Citation 6

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

13.

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 601 (96,335)
Citation 2

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GDP Growth; Stock Market Returns; Macro Accounting

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 473 (129,434)
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 454 (136,075)
Citation 4

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

16.

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
Byung Hyun Ahn, Jill E. Fisch, Panos N. Patatoukas and Steven Davidoff Solomon
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 453 (136,441)

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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

17.

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 441 (140,854)
Citation 8

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conservatism, asymmetric timeliness, losses, scaling by share price

18.

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 413 (151,955)
Citation 2

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

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 406 (154,986)
Citation 1

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

20.

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 400 (157,562)
Citation 4

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Conservatism, Differential Timeliness, Earnings

21.

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

Number of pages: 50 Posted: 25 Mar 2024 Last Revised: 01 Jun 2024
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 340 (188,588)
Citation 2

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G12, G14, G23, M41, Activist Short Sellers, Fraud Detection, Disclosure, Stock Lending Market

22.

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 318 (202,574)
Citation 5

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

23.

The Jobs Act Did Not Raise IPO Underpricing

Critical Finance Review
Number of pages: 54 Posted: 29 Jun 2021 Last Revised: 22 Nov 2024
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 297 (217,957)
Citation 4

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JOBS Act, Emerging Growth Companies, IPO Pricing

24.

Doing Good by Doing Well? The 'Chicken and Egg' Problem in the ESG Alpha Debate

Number of pages: 6 Posted: 26 Mar 2024
Byung Hyun Ahn, Panos N. Patatoukas, George S. Skiadopoulos and George S. Skiadopoulos
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 291 (222,720)

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ESG Alpha, Materiality, SASB, ESG Ratings, SEC, ESG Disclosures

25.

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 288 (225,131)

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

26.

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 281 (230,921)

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Stock Indexing, Information Arbitrage, Price Discovery, Russell Reconstitution

27.

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 206 (313,537)

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

28.

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 and University of California, Berkeley - Haas School of Business
Downloads 132 (460,040)
Citation 6

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Corporate Financial Reports; Nowcasting; Forecasting; Macro Accounting.

29.

Fundamentals of Carbon Emissions Scaling

Number of pages: 59 Posted: 03 Feb 2025 Last Revised: 08 Feb 2025
Sunil Dutta, Jinsung Hwang and Panos N. Patatoukas
University of California, Berkeley - Haas School of Business, Hankuk University of Foreign Studies and University of California, Berkeley - Haas School of Business
Downloads 65 (729,564)

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Corporate Emissions, Scaling, Carbon Intensity, Carbon-Efficient Indexing. JEL codes: D62, G11, G12, G30, M41, Q51

30.

Accounting for Asymmetry in the Investment-q Relation: Redux of Financial Reporting Quality and Investment Efficiency

Number of pages: 54
Sunil Dutta, Lukasz Langer and Panos N. Patatoukas
University of California, Berkeley - Haas School of Business, University of California, Berkeley - Haas School of Business and University of California, Berkeley - Haas School of Business
Downloads 0

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JEL Codes: G30, G31, G32, M41 Investment Efficiency, Financial Reporting Quality, Tobin's 𝑞