Panos N. Patatoukas

Associate Professor | The L.H. Penney Chair in Accounting | Distinguished Teaching Fellow, Haas School of Business
Circular image of faculty member, Panos Patatoukas

Panos N. Patatoukas is a tenured Associate Professor and the L.H. Penney Chair in Accounting at U.C. Berkeley, Haas School of Business. 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.

Panos’ work focuses on interdisciplinary capital markets research and informs "micro-to-macro" and "macro-to-micro" questions bridging the gap between academics and practitioners.  His areas of expertise include (i) financial statement analysis and corporate valuation, (ii) cross-industry economic links and value creation along the supply chain, (iii) the properties of financial accounting data and corporate reporting, (iv) forecasting and nowcasting economic activity using financial accounting data, and (v) the measurement of economic activity in the national accounts. Panos’ research interests overlap with his teaching and his MBA course on Financial Information Analysis has proven to be an invaluable source of research ideas.

For his impact on interdisciplinary capital markets research, Panos 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, Panos has been recognized with the 2018 Distinguished Teaching Award, which is the highest award bestowed by the Chancellor of U.C. Berkeley for outstanding and meritorious teaching at the Berkeley campus, and four times with 2021, 2017, 2015, and 2012 Earl F. Cheit Outstanding Teaching Award, which is the highest teaching award bestowed upon instructors by the MBA students at Berkeley Haas. Panos was also selected as Top-10 Business School Professor under 40 by Fortune.

Panos 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. Panos is also the founding Faculty Director of the Berkeley ExedEd program on Financial Data Analysis for Leaders and Intelligent Investing for Everyone, and has co-created impactful custom programs for corporate, government, and university partners. Panos is also currently serving as the Faculty Director of the Center for Financial Reporting and Management at Berkeley.

3 action shots of Panos Patatoukas
Programs for Individuals 
Academic Background 

Ph.D., Accounting and Finance, Yale University, December 2010

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

E.U. Erasmus Fellow, Lancaster University Management School, 2003

B.A., Accounting and Finance, Athens University of Economics & Business, Valedictorian, 2003

Publications & Media

Videos 

2018 Distinguished Teaching Award Recipient: Panos Patatoukas

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Financial Data Analysis for Leaders Program

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Papers & Articles 

Customer-Base Concentration: Implications for Firm Performance and Valuation

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Identifying Conditional Conservatism in Financial Accounting Data: Theory and Evidence.

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

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Asymmetrically Timely Loss Recognition and the Accrual Anomaly. Discussion of Konstantinidi et al.

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

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Placebo Tests of Conditional Conservatism

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

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Awards & Honors 
  • 2018 UC Berkeley Distinguished Teaching Award
  • Four-time Earl F. Cheit Award for Excellence in Teaching, Berkeley Haas: 2021, 2017, 2015, 2012
  • 2017 and 2019 Notable Contributions to Accounting Literature Award of the American Accounting Association, an AICPA-sponsored honor
  • Top-10 Business School Professor Under 40, Fortune, May 2015
  • World’s Best-40 Business School Professor Under 40, Poets & Quants, April 2015
  • U.S. Dept. of Transportation Research Grant, Caltrans Division of Research, Innovation and System Information, March 2015
  • Barbara and Gerson Bakar Faculty Fellow, Berkeley Haas, July 2014
  • Hellman Fellows Fund Award for Distinction in Research, Berkeley Haas, May 2013
  • "Club Six" recognition for Teaching Excellence, Berkeley Haas, 2010-2017
  • Schwabacher Faculty Fellowship for Distinction in Research and Teaching, Berkeley Haas, July 2013
  • Competitive Manuscript Award, American Accounting Association, 2011
  • San Francisco Business Times' 40 Under 40, 2017
Programs for Individuals 
Academic Background 

Ph.D., Accounting and Finance, Yale University, December 2010

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

E.U. Erasmus Fellow, Lancaster University Management School, 2003

B.A., Accounting and Finance, Athens University of Economics & Business, Valedictorian, 2003

Publications & Media

Videos 

2018 Distinguished Teaching Award Recipient: Panos Patatoukas

WATCH VIDEO

Financial Data Analysis for Leaders Program

WATCH VIDEO
VIEW MORE
Papers & Articles 

Customer-Base Concentration: Implications for Firm Performance and Valuation

VIEW

Identifying Conditional Conservatism in Financial Accounting Data: Theory and Evidence.

VIEW

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

VIEW

Asymmetrically Timely Loss Recognition and the Accrual Anomaly. Discussion of Konstantinidi et al.

VIEW

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

VIEW

Placebo Tests of Conditional Conservatism

VIEW

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

VIEW
VIEW MORE