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Ari Yezegel

Associate Professor, Accountancy
Ph.D., Rutgers University, 2009
MS, Bilgi University, 2004
BA, Koc University, 2002
Office: Adamian Academic Center 287 | 781.891._2264 | ayezegel@bentley.edu
                       


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Bio

Ari Yezegel's research focuses on financial accounting and financial analysts. His research appeared in top journals such as Journal of Accounting and Economics, Contemporary Accounting Research, Journal of Banking and Finance, Financial Analysts Journal and Journal of Accounting, Auditing and Finance. In addition, Professor Yezegel presented his work at numerous domestic and international conferences and served as referee for various academic journals. Professor Yezegel currently teaches intermediate accounting and the Ph.D. seminar in Financial Accounting.

Teaching Interests

Financial Accounting

Research Interests

Financial Accounting; Financial Analysts

Awards and Honors

2019, Investment Analysts Journal Prize Winner, Investment Analysts Society of South Africa
2009, CIMIC Research Award for Ph.D. in Management Student
2007, American Accounting Association Deloitte J. Michael Cook Doctoral Consortium Fellow

Publications

Journal Article(s)
Palmon, D., Son, D. H., Yezegel, A. (2018). The persistence of firm-specific post-earnings announcement returns. Investment Analysts Journal, 47 (1). (link)

Read, W. J., Yezegel, A. (2018). Going-Concern Opinion Decisions on Bankrupt Clients: Evidence of Long-Lasting Auditor Conservatism? Advances in Accounting, 40 (March), 20-26. (link)

Palmon, D., Lee, C., Yezegel, A. (2018). The Corporate Social Responsibility Information Environment: Examining the Value of Financial Analysts’ Recommendations. Journal of Business Ethics, 150 (1), 279-301. (link)

Marks, J. M., Yezegel, A. (2018). Do aggregate analyst recommendations predict market returns in international markets? International Review of Financial Analysis, 59 (October), 234-254. (link)

Read, W. J., Yezegel, A. (2016). Auditor Tenure and Going Concern Opinions for Bankrupt Clients: Additional Evidence. Auditing: A Journal of Practice and Theory, 35 (1), 163-179. (link)

Yezegel, A. (2015). Why do analysts revise their stock recommendations after earnings announcements? Journal of Accounting and Economics, 59 (2-3), 163-181. (link)

Kang, P., Palmon, D., Yezegel, A. (2015). Does News Play an Important Role in the Correction Process of the Accruals Anomaly? Accounting and Finance, 55 (2), 497-518. (link)

Baxter, R. J., Bedard, J. C., Hoitash, R., Yezegel, A. (2013). Enterprise Risk Management Program Quality: Determinants, Value Relevance, and the Financial Crisis. Contemporary Accounting Research, 30 (4), 1264-1295.

Palmon, D., Yezegel, A. (2012). R&D Intensity and the Value of Analysts’ Recommendations. Contemporary Accounting Research, 29 (2), 621-654. (link)

Palmon, D., Peytcheva, M., Yezegel, A. (2011). The Accounting Standards Setting Process in the U.S.: Examination of the SEC-FASB Relationship. Group Decision and Negotiation, 20 (2), 165-183. (link)

Palmon, D., Yezegel, A. (2011). Analysts’ Recommendation Revisions and Subsequent Earnings Surprises: Pre- and Post-Regulation FD. Journal of Accounting, Auditing and Finance, 26 (3), 475-501. (link)

Erdogan, O., Palmon, D., Yezegel, A. (2011). Performance of Analyst Recommendations in the Istanbul Stock Exchange. International Review of Applied Financial Issues and Economics, 3 (3), 491-503. (link)

Yildiz, B., Yezegel, A. (2010). Fundamental Analysis with Artificial Neural Network. International Journal of Business and Finance Research, 4 (1), 149-158.

Palmon, D., Sudit, E. F., Yezegel, A. (2009). The Value of Columnists' Stock Recommendations: an Event Study Approach. Review of Quantitative Finance and Accounting, 33 (3), 209-232. (link)

Erdogan, O., Yezegel, A. (2009). The News of No News in Stock Markets. Quantitative Finance, 9 (8), 897-909. (link)

Chandar, N., Patro, D. K., Yezegel, A. (2009). Crises, Contagion and Cross-Listings. Journal of Banking and Finance, 33 (9), 1709-1729. (link)

Cortijo, V., Palmon, D., Yezegel, A. (2009). Changing Business Environment and the Value Relevance of Accounting. Advances in Quantitative Analysis of Finance and Accounting, 7, 49-70.

Palmon, D., Sudit, E. F., Yezegel, A. (2008). The Accrual Anomaly and Company Size. Financial Analysts Journal, 64 (5), 47-60. (link)

Cortijo, V., Yezegel, A. (2008). Contagion Effect of Sarbanes-Oxley Act: Evidence from Spain. International Journal of Disclosure and Governance, 5 (2), 140-152. (link)

Book Chapters
Cortijo, V, Yezegel, A. (2010). Financial Accounting. In Hossein Bidgoli (Eds.), Handbook of Technology Managment. Hoboken, NJ: . John Wiley & Sons, Inc

Cases
Gujarathi, M. R, Yezegel, A. (2014). Spectacular Airlines, Inc.: Implications of the Transition to IFRS in the Context of Cross-Border Acquisitions. Issues in Accounting Education. (link)

Conference Proceeding(s)
Gujarathi, M. R., Yezegel, A. (2013). Spectacular Airlines, Inc.: Implications of the Transition to IFRS in the Context of Cross-Border Acquisitions. American Accounting Association, 2013 Annual Meeting of American Accounting Association.

Boss, S. R., D'Arcy, J., Yezegel, A., Boss, R. W. (2012). Security Profiling in the Organization: Examining Employment Relationship Effects on Information Security. IFIP, IFIP WG8.11/WG11.13 Dewald Rood International Workshop on IS Security Research.

Conference Presentations

Patatoukas, P. N., Yezegel, A., Zeng, J. (2019). "On the Origins of Forecast Walk-Downs." Presented at the Shidler College of Business's Hawaii Accounting Research Conference, Manoa, HI.

Patatoukas, P. N., Yezegel, A., Zeng, J. (2018). "On the Origins of Forecast Walk-Downs." Presented at the SAC.

Hoitash, R., Hoitash, U., Yezegel, A. (2017). "The Effect of Accounting Reporting Complexity on Financial Analysts." Presented at the European Accounting Association's European Accounting Association Annual Meeting, Valencia, Spain.

Yezegel, A. (2016). "Aggregate analyst recommendation ratings and international stock market returns." Presented at the European Accounting Association 's European Accounting Association Annual Meeting, Maastricht, Netherlands.

Yezegel, A. (2015). "Aggregate analyst recommendation ratings and international stock market returns." Presented at the Bentley University's SAC, Waltham, MA.

Yezegel, A. (2015). "Aggregate analyst recommendation ratings and international stock market returns." Presented at the American Accounting Association (AAA)'s 2015 Annual Meeting, Chicago, IL.

Yezegel, A. (2015). "Aggregate analyst recommendation ratings and international stock market returns." Presented at the Multinational Finance Society (MFS)'s 22nd Annual Conference, Halkidiki, Greece.

Yezegel, A. (2015). "Aggregate analyst recommendation ratings and international stock market returns." Presented at the University of Massachusetts at Boston's Financial Services Forum, Boston, MA.

Gujarathi, M. R., Yezegel, A. (2013). "Spectacular Airlines, Inc.: Implications of the Transition to IFRS in the Context of Cross-Border Acquisitions." Presented at the American Accounting Association's 2013 Annual Meeting of American Accounting Association, Anaheim, CA.

Yezegel, A. (2013). "Why do analysts revise their stock recommendations after earnings announcements?" Presented at the European Accounting Association 2013 Annual Meeting, Paris, France.

Yezegel, A. (2012). "Why do analysts revise their stock recommendations after earnings announcements?" Presented at the American Accounting Association 2012 Northeast Regional Meeting , Providence, Rhode Island.

Boss, S. R., D'Arcy, J., Yezegel, A., Boss, R. W. (2012). "Security Profiling in the Organization: Examining Employment Relationship Effects on Information Security." Presented at the IFIP's IFIP WG8.11/WG11.13 Dewald Rood International Workshop on IS Security Research, Provo, UT.

Yezegel, A. (2012). "Why do analysts revise their stock recommendations after earnings announcements?" Presented at the The 20th Pacific Basin Finance, Economics, Accounting, and Management Conference, Brunswick, New Jersey.

Kang, P. K., Palmon, D., Yezegel, A. (2012). "Does News Play an Important Role in the Correction Process of the Accruals Anomaly?" Presented at the American Accounting Association 2008 Annual Meeting , Washington D.C..

Bedard, J. C., Baxter, R. J., Hoitash, R., Yezegel, A. (2011). "Enterprise Risk Management program quality: Determinants, value relevance, and the financial crisis." Presented at the University of New South Wales's Research Seminar, Sydney, Australia.

Bedard, J. C., Baxter, R. J., Hoitash, R., Yezegel, A. (2011). "Enterprise Risk Management program quality: Determinants, value relevance, and the financial crisis." Presented at the University of Kentucky's Doctoral Colloquium, Lexington, KY.

Yezegel, A. (2011). "Earnings New vs. Non-Earnings News: Their Impacts on Earnings Management." Presented at the AAA's 2011 American Accounting Association Annual Meeting, Denver, CO.

Yezegel, A. (2011). "R&D Intensity and the Value of Analysts’ Recommendations." Presented at the MULTINATIONAL FINANCE SOCIETY's 18TH ANNUAL CONFERENCE OF THE MULTINATIONAL FINANCE SOCIETY, Rome, Italy.

Bedard, J. C., Baxter, R. J., Hoitash, R., Yezegel, A. (2011). "Enterprise Risk Management program quality: Determinants, value relevance, and the financial crisis." Presented at the Virginia Tech University's Research seminar, Blacksburg, VA.

Bedard, J. C., Baxter, R. J., Hoitash, R., Yezegel, A. (2011). "Enterprise Risk Management program quality: Determinants, value relevance, and the financial crisis." Presented at the Brigham Young University's Research Seminar, Provo, UT.

Bedard, J. C., Baxter, R. J., Hoitash, R., Yezegel, A. (2010). Presented at the Enterprise Risk Management program quality ratings: Determinanats and use by investors and auditors, Maastricht University.

Palmon, D., Yezegel, A. (2009). "R&D Intensity and the Value of Analysts' Recommendations." Presented at the American Accounting Association (AAA)'s Northeast Region Meeting, Cambridge, MA.

Palmon, D., Yezegel, A. (2008). "R&D Intensity and the Value of Analysts' Recommendations." Presented at the American Accounting Association (AAA)'s 2008 Annual Meeting, Anaheim, California.

Erdogan, O., Yezegel, A. (2008). "The News of No News in Stock Markets." Presented at the American Accounting Association (AAA)'s 2008 Annual Meeting, Anaheim, California.

Cortijo, V., Yezegel, A. (2008). "Contagion Effect of Sarbanes-Oxley Act: Evidence from Spain." Presented at the INFORMS's 2008 Group Decision and Negotiation Meeting, Coimbra, Portugal.

Chandar, N., Patro, D. K., Yezegel, A. (2007). "Crises, Contagion and Cross-Listings." Presented at the Pacific Basin Finance, Economics, Accounting, and Management 's 15th Annual Conference, Ho Chi Minh City, Vietnam.

Service

Department Service
Committee Member for Tenure-Track Faculty Recruiting Committee, 2018 - Present
Committee Member for PhD Committee, 2015 - Present
Committee Member for Financial Reporting Curriculum Committee, 2015 - Present
Committee Member for Recruiting Committee, 2017 - 2017
Committee Member for Recruiting Committee, 2015 - 2016
Committee Chair for Recruiting Committee, 2015 - 2015

University Service
Committee Chair for Faculty Evaluation Procedures Committee, 2015 - 2016
Committee Member for EQUIS Accreditation Committee, 2015 - 2016
Committee Member for Faculty Evaluation Procedures Committee, 2014 - 2015

Professional Service
Reviewer, Ad Hoc Reviewer for Management Science, 2018 - Present
Reviewer, Journal Article for Journal of Accounting, Auditing & Finance, 2017 - Present
Reviewer, Journal Article for Emerging Markets Review, 2017 - Present
Reviewer, Ad Hoc Reviewer for Journal of Banking and Finance, 2018 - 2018
Reviewer, Conference Paper for AAA Financial Accounting Reporting Section Midyear Meeting, 2017 - 2017
Reviewer, Journal Article for Accounting and the Public Interest , 2015 - 2016
Reviewer, Journal Article for Financial Analysts Journal, 2015 - 2016
Reviewer, Journal Article for Journal of Business Research, 2015 - 2015
Reviewer, Journal Article for The Accounting Review, 2015 - 2015