Ari Yezegel

Ari Yezegel

  • Associate Professor, Accounting
  • Ph.D. Rutgers University
  • MS Bilgi University
  • BA 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

  • 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 Articles

  • Yezegel, A. (2023). The value of eliciting information: Evidence from sell-side analysts. The Accounting Review. Forthcoming.
  • Jang, I., Kang, N., Yezegel, A. (2022). Common ownership, price informativeness, and corporate investment. Journal of Banking and Finance, (135) February (Link) Forthcoming.
  • 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, ., 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)
  • Palmon, D., Son, D. H., Yezegel, A. (2018). The persistence of firm-specific post-earnings announcement returns. Investment Analysts Journal, (47) 1 (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)
  • 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)
  • 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.
  • 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.
  • 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)
  • 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 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 AcquisitionsIssues in Accounting Education, (29) 1 (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, (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)

    • Presentations

  • 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 theHawaii 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 Mānoa (UHM) Hawai’i Accounting Research Conference 2020 in Hilo Hilo, HI
  • Kang, N., Jang, I., Yezegel, A. (2020). “Common ownership, price informativeness, and corporate investment” Presented at the2020 Financial Accounting and Reporting Section Midyear Meeting
  • Kang, N., Jang, I., Yezegel, A. (2019). “Common ownership, price informativeness, and corporate investment” Presented at theParis 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 Hawai’i Accounting Research Conference 2019 in Mānoa Manoa, HI
  • Patatoukas, P. N., Yezegel, A., Zeng, J. (2018). “On the Origins of Forecast Walk-Downs ” Presented at theSAC
  • 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 theEuropean Accounting Association 2013 Annual Meeting Paris, France
  • Kang, P. K., Palmon, D., Yezegel, A. (2012). “Does News Play an Important Role in the Correction Process of the Accruals Anomaly? ” Presented at theAmerican Accounting Association 2008 Annual Meeting Washington D.C.
  • Yezegel, A. (2012). “Why do analysts revise their stock recommendations after earnings announcements?” Presented at theAmerican Accounting Association 2012 Northeast Regional Meeting Providence, Rhode Island
  • Yezegel, A. (2012). “Why do analysts revise their stock recommendations after earnings announcements?” Presented at theThe 20th Pacific Basin Finance, Economics, Accounting, and Management Conference Brunswick, New Jersey
  • 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 IFIP WG8.11/WG11.13 Dewald Rood International Workshop on IS Security Research Provo, UT
  • 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’ 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 theEnterprise 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
  • Cortijo, V., Yezegel, A. (2008). “Contagion Effect of Sarbanes-Oxley Act: Evidence from Spain” Presented at the INFORMS 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 15th Annual Conference Ho Chi Minh City, Vietnam

    • Service

    Department Service

  • Committee Member for Research Committee 2022 - Present
  • Committee Member for PhD Committee 2015 - Present
  • Committee Member for Financial Reporting Curriculum Committee 2015 - Present
  • Committee Member for MSA+A Financial Reporting Subgroup 2021 - 2021
  • Committee Member for Tenure-Track Faculty Recruiting Committee 2018 - 2019
  • Committee Member for Tenure-Track Faculty Recruiting Committee 2018 - 2019
  • Committee Member for Recruiting Committee 2017 - 2017
  • Committee Member for Recruiting Committee 2015 - 2016
  • Committee Chair for Recruiting Committee 2015 - 2015

    • University Service

  • Committee Member for Promotion and Tenure 2021 - 2024
  • 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 Auditing: A Journal of Practice and Theory 2020 - Present
  • Reviewer, Ad Hoc Reviewer for Review of Quantitative Finance and Accounting 2020 - Present
  • Reviewer, Ad Hoc Reviewer for Accounting Horizons 2020 - Present
  • Reviewer, Ad Hoc Reviewer for Investment Analysts Journal 2019 - Present
  • Reviewer, Ad Hoc Reviewer for Journal of Accounting Research 2019 - Present
  • Conference/Workshop Track Chair for Hawai'i Accounting Research Conference 2019 - Present
  • 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