Ari Yezegel

Ari Yezegel

  • Rae D. Anderson Professor, Accounting
  • Rae D. Anderson Professor, Bentley University
  • Ph.D. Rutgers University
  • M.S. Bilgi University
  • B.A. Koc University

Teaching Interests

Financial Accounting

Research Interests

Financial Accounting; Financial Analysts

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.

Professional Memberships

  • American Accounting Association Present

    • Awards and Honors

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

    • Scholarly Contributions and Creative Productions

    Journal Articles

  • Gillette, J., Pündrich, G., Yezegel, A. (2026). Regulating Financial Advice: Evidence from the Municipal Bond Market. The Accounting Review
  • Jang, I., Nemani, A., Yezegel, A., Zhang, F. (2026). Remote Work and Voluntary Disclosure: Evidence From COVID-19 Lockdowns. The Financial Review
  • Palmon, D., Peng, X., Yezegel, A. (2023). Earnings guidance stoppage and the value of financial analysts’ research. Contemporary Accounting Research
  • Yezegel, A. (2023). The value of eliciting information: Evidence from sell-side analysts. The Accounting Review, (98) 3 459–486. (Link)
  • Patatoukas, P., Yezegel, A., Zeng, J. (2023). On the Origins of Forecast Walk-Downs: A Macro-to-Micro Perspective. Journal of Accounting, Auditing and Finance, (38) Issue 3 (Link)
  • Jang, I., Kang, N., Yezegel, A. (2022). Common ownership, price informativeness, and corporate investment. Journal of Banking and Finance, (135) (Link)
  • Patatoukas, P. N., Yezegel, A., Zeng, J. (2021). On the Origins of Forecast Walk-Downs: A Macro-to-Micro Perspective. Journal of Accounting, Auditing and Finance (Link)
  • Hoitash, R., Hoitash, U., Yezegel, A. (2021). Can sell-side analysts’ experience, expertise and qualifications help mitigate the adverse effects of accounting reporting complexity?. Review of Quantitative Finance and Accounting, (57) 859–897. (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)
  • 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)
  • 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., Son, D. H., Yezegel, A. (2018). The persistence of firm-specific post-earnings announcement returns. Investment Analysts Journal, (47) 1 (Link)
  • Lee, C., Palmon, D., Yezegel, A. (2018). The Corporate Social Responsibility Information Environment: Examining the Value of Financial Analysts’ Recommendations. Journal of Business Ethics, (150) Issue 1 (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)
  • 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)
  • Yezegel, A. (2015). Why do analysts revise their stock recommendations after earnings announcements?. Journal of Accounting and Economics, (59) 3-Feb 163-181. (Link)
  • Gujarathi, M., Yezegel, A. (2014). Spectacular Airlines, Inc.: Implications of the transition to IFRS in the context of cross- border acquisitions. Issues in Accounting Education, (29) Issue 1 (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)
  • 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)
  • 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)
  • 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)
  • Yildiz, B., Yezegel, A. (2010). Fundamental Analysis with Artificial Neural Network. International Journal of Business and Finance Research, (4) 1 149-158.
  • 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.
  • Chandar, N., Patro, D. K., Yezegel, A. (2009). Crises, Contagion and Cross-Listings. Journal of Banking and Finance, (33) 9 1709-1729. (Link)
  • Erdogan, O., Yezegel, A. (2009). The News of No News in Stock Markets. Quantitative Finance, (9) 8 897-909. (Link)
  • 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)
  • Chandar, N., Patro, D., Yezegel, A. (2009). Crises, contagion and cross-listings. Journal of Banking and Finance, (33) Issue 9 (Link)
  • Palmon, D., Sudit, E., Yezegel, A. (2009). The value of columnists' stock recommendations: An event study approach. Review of Quantitative Finance and Accounting, (33) Issue 3 (Link)
  • Palmon, D., Sudit, E. F., Yezegel, A. (2008). The Accrual Anomaly and Company Size. Financial Analysts Journal, (64) 5 47-60. (Link)

    • Book Chapters

  • Cortijo, V., Yezegel, A. (2010). Financial Accounting Handbook of Technology Managment. Hoboken, NJ: John Wiley & Sons, Inc

    • Case Studies

  • Gujarathi, M. R., Yezegel, A. (2014). Spectacular Airlines, Inc.: Implications of the Transition to IFRS in the Context of Cross-Border Acquisitions. (Link)

    • Conference Proceedings

  • 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 Anaheim, CA

    • Presentations

  • Yezegel, A., Markov, S. (2024). “Giving retail investors a say in disclosure” Presented at the University of Hawai'i at Manoa 2024 Hawai ªi Accounting Research Conference Honolulu, Hawaii
  • Jang, I., Nemani, A. K., Yezegel, A., Zhang, F. (2024). “Remote work and voluntary disclosure: Evidence from Covid-19 lockdowns” Presented at the University of Hawai'i at Manoa 2024 Hawai ªi Accounting Research Conference Honolulu, Hawaii
  • Jang, I., Nemani, A. K., Yezegel, A., Zhang, F. (2024). “Remote work and voluntary disclosures: Evidence from Covid-19 lockdowns” Presented at the Southern Finance Association Southern Finance Association Florida
  • Jang, I., Nemani, A. K., Yezegel, A., Zhang, F. (2024). “Remote work and voluntary disclosures: Evidence from Covid-19 lockdowns” Presented at the Financial Management Association
  • Yezegel, A. (2024). “Giving retail investors a say in disclosure” Presented at the University of New Hampshire 2024 Bretton Woods Accounting and Finance Ski Conference Bretton Woods, NH
  • Yezegel, A., Jang, I., Nemani, A., Zhang, F. (2024). “Remote work and voluntary disclosure: Evidence from Covid-19 lockdowns” Presented at the Southwestern Financial Association 2024 Southwestern Financial Association Las Vegas, NV
  • Yezegel, A. (2024). “Remote work and voluntary disclosure: Evidence from Covid-19 lockdowns” Presented at the 2024 Southwestern Financial Association Las Vegas, NV
  • Zhang, F., Jang, I., Nemani, A., Yezegel, A. (2024). “Remote work and voluntary disclosure: Evidence from Covid-19 lockdowns” Presented at the 2024 Southwestern Financial Association Las Vegas, NV
  • Markov, S., Yezegel, A. (2023). “Giving retail investors a say in disclosure” Presented at the University at Buffalo Workshop presentation Buffalo, NY
  • Markov, S., Yezegel, A. (2023). “Giving retail investors a say in disclosure” Presented at the Bentley University Workshop presentation Waltham, MA
  • Palmon, D., Peng, X., Yezegel, A. (2023). “Earnings guidance stoppage and the value of financial analysts' research” Presented at the Rutgers Business School Workshop presentation New Brunswick, NJ
  • Jang, I., Kang, N., Yezegel, A. (2020). “Common Ownership, Price Informativeness, and Corporate Investment” Presented at the Eastern Finance Association Eastern Finance Association Boston
  • Kang, N., Jang, I., Yezegel, A. (2020). “Common ownership, price informativeness, and corporate investment” Presented at the 2020 Financial Accounting and Reporting Section Midyear Meeting
  • Kang, N., Jang, I., Yezegel, A. (2020). “Common ownership, price informativeness, and corporate investment” Presented at the Hawaii Accounting Research Conference Hawaii
  • Yezegel, A. (2020). “Common ownership, Price Informativeness, and Corporate Investment” Presented at the Shidler College of Business at the University of Hawai'i at MƒÅnoa (UHM) Hawai‚Äôi Accounting Research Conference 2020 in Hilo Hilo, HI
  • Kang, N., Jang, I., Yezegel, A. (2019). “Common ownership, price informativeness, and corporate investment” Presented at the Paris Financial Management Conference Paris, France
  • Patatoukas, P. N., Yezegel, A., Zeng, J. (2019). “On the Origins of Forecast Walk-Downs” Presented at the Shidler College of Business Hawaii Accounting Research Conference 2019 in Manoa 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 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 European Accounting Association Annual Meeting Maastricht, Netherlands
  • Yezegel, A. (2015). “Aggregate analyst recommendation ratings and international stock market returns” Presented at the Bentley University SAC Waltham, MA
  • Yezegel, A. (2015). “Aggregate analyst recommendation ratings and international stock market returns” Presented at the American Accounting Association (AAA) 2015 Annual Meeting Chicago, IL
  • Yezegel, A. (2015). “Aggregate analyst recommendation ratings and international stock market returns” Presented at the Multinational Finance Society (MFS) 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 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 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
  • 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 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 Doctoral Colloquium Lexington, KY
  • Yezegel, A. (2011). “Earnings New vs. Non-Earnings News: Their Impacts on Earnings Management” Presented at the AAA 2011 American Accounting Association Annual Meeting Denver, CO
  • Yezegel, A. (2011). “R&D Intensity and the Value of Analysts‚Äô Recommendations” Presented at the MULTINATIONAL FINANCE SOCIETY 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 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 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) 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) 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) 2008 Annual Meeting Anaheim, California
  • Chandar, N., Patro, D. K., Yezegel, A. (2007). “Crises, Contagion and Cross-Listings” Presented at the Pacific Basin Finance, Economics, Accounting, and Management 15th Annual Conference Ho Chi Minh City, Vietnam

    • Service

    Service: Department

  • Committee Chair for Financial Reporting Curriculum Committee, Chair 2023-07-01 - Present
  • Committee Member for Research Committee 2022-09-01 - Present
  • Committee Member for MSA+A Financial Reporting Subgroup 2021-01-01 - 2021-03-15
  • Committee Member for Tenure-Track Faculty Recruiting Committee 2018-12-21 - 2019-06-30
  • Committee Member for Tenure-Track Faculty Recruiting Committee 2018-12-21 - 2019-06-30
  • Committee Member for Recruiting Committee 2017-09-05 - 2017-11-23
  • Committee Member for PhD Committee 2015-08-17 - Present
  • Committee Member for Recruiting Committee 2015-09-01 - 2016-03-15
  • Committee Member for Financial Reporting Curriculum Committee, Member 2015-01-01 - 2023-06-30

    • Service: Professional

  • Editorial Review Board Member for Contemporary Accounting Research - Present
  • Committee Member for 34th Annual Conference on Financial Economics and Accounting (CFEA) 2024-01-01 - 2024-12-31
  • Editorial Review Board Member for Journal of Accounting, Auditing, and Finance 2023-01-01 - Present
  • Conference/Workshop Track Chair for Hawai'i Accounting Research Conference 2019-01-30 - Present

    • Service: Ph.D. Advising

  • Supervisor 2024/01 - Present
  • Committee Member 2023/01 - 2024/02
  • Committee Member 2023/01 - Present
  • Supervisor 2022/01 - Present
  • Committee Member, Independent Study Advisor 2022/02 - 2023/01
  • Supervisor 2020/03 - 2023/02
  • Committee Member 2018/03 - 2021/02
  • Supervisor 2016/03 - 2021/02
  • Committee Member 2016/03 - 2018/02
  • Committee Member 2015/02 - 2016/02
  • Committee Member 2014/04 - 2016/03
  • Committee Member 2014/02 - 2015/02

    • Service: University

  • Committee Member for Gibbons professorship proposal review committee 2026-01-09 - 2026-03-20
  • Committee Member for PhD Council 2025-01-01 - Present
  • Program Director for Accounting PhD Program 2025-07-01 - Present
  • Committee Member for Bentley Research Council 2024-07-01 - 2027-06-30
  • Committee Member for Promotion and Tenure 2021-07-01 - 2023-06-30
  • Committee Chair for Faculty Evaluation Procedures Committee 2015-07-01 - 2016-06-30
  • Committee Member for EQUIS Accreditation Committee 2015-04-28 - 2016-03-01
  • Committee Member for Faculty Evaluation Procedures Committee 2014-07-01 - 2015-06-30