Bio
Joseph Gerakos studies markets for financial services and is currently conducting research on competition in the audit market and the performance of the asset management industry. He teaches Managerial Accounting.
Current Research Topics
- Competition in the audit market
- Performance and structure of the asset management industry
- Accounting performance and the cross section of expected returns
Professional Activities
Academic positions
- Senior Associate Dean for Innovation and Growth, 2022–present
- Professor of Business Administration, Tuck School of Business, 2019–present
- Associate Professor of Business Administration, Tuck School of Business, 2016–19
- Visiting Associate in Finance, California Institute of Technology, spring 2016
- The David G. Booth Faculty Fellow, University of Chicago Booth School of Business, 2015–16
- Harry W. Kirchheimer Faculty Scholar, University of Chicago Booth School of Business, 2012–13
- William S. Fishman Faculty Scholar, University of Chicago Booth School of Business, 2010–11
- Associate Professor of Accounting, University of Chicago Booth School of Business, 2011–16
- Assistant Professor of Accounting, University of Chicago Booth School of Business, 2007–11
Editorial positions
- Editor, The Accounting Review
Referee
- The Accounting Review, Journal of Accounting and Economics, Journal of Accounting Research, Management Science, Review of Accounting Studies, Contemporary Accounting Research, Accounting Horizons, Accounting, Organizations and Society, Auditing: A Journal of Theory & Practice, European Accounting Review, Journal of Finance, Journal of Financial Economics, Review of Financial Studies, Journal of Financial and Quantitative Analysis, Journal of Banking & Finance, Journal of Political Economy, RAND Journal of Economics, Journal of Economics and Management Strategy, Production and Operations Management, Hong Kong Research Grants Council
Awards
- Tuck Class of 2011 Award for Teaching Excellence from the Class of 2018
- First Prize, Academic Competition, Chicago Quantitative Alliance Conference, 2015
- Zephyr Prize, Australian Finance and Banking Conference, 2013
- Second Prize, Academic Competition, Chicago Quantitative Alliance Conference, 2012
- Fama-Miller Center Research Grant, University of Chicago Booth School of Business, 2011
- BlackRock Research Award, Australian Finance and Banking Conference, 2009
- Initiative on Global Markets Research Grant, University of Chicago Booth School of Business, 2008
- GARP Risk Management Research Award, 2008
- Nathan Foundation Doctoral Fellow, The Wharton School, University of Pennsylvania, 2006
- KPMG Foundation Doctoral Fellow, 2005
- American Accounting Association Doctoral Consortium Fellow, 2005
Working Papers
- With D. Papakostas, P. Hahn, J. Murphy, and F. Zhou, "Do Forecasts of Bankruptcy Cause Bankruptcy? A Machine Learning Sensitivity Analysis"
- With M. Bloomfield and A. Kovrijnykh, "Accrual Reversals and Cash Conversions"
- With R. Gramacy, "Regression-Based Earnings Forecasts"
- With P. Hahn, A. Kovrijnykh, and F. Zhou, "Prediction Versus Inducement and the Informational Efficiency of Going Concern Opinions"
Selected Publications
- With J. Linnainmaa and A. Morse, "Asset Managers Funds: Institutional Performance and Factor Exposures," Journal of Finance, 76(4), 2021
- With R. Ball, J. Linnainmaa, and V. Nikolaev, "Earnings, Retained Earnings, and Book-to-Market in the Cross Section of Expected Returns," Journal of Financial Economics, 135(1), 2020
- With J. Burks, C. Cuny, and J. Granja, "Competition and Voluntary Disclosure: Evidence from Deregulation in the Banking Industry," Review of Accounting Studies, 23(4), 2018
- With C. Ittner and F. Moers, "Compensation Objectives and Business Unit Pay Strategy," Journal of Management Accounting Research, 30(2), 2018
- With B. Bushee, Brian, L. Fen Lee, "Corporate Jets and Private Meetings with Investors," Journal of Accounting and Economics, 65(2–3), 2018
- With G. Cassar, J. Green, J. Hand, and M. Neal, "Hedge Fund Voluntary Disclosure," The Accounting Review, 93(2), 2018
- With J. Linnainmaa, “Decomposing Value,” Review of Financial Studies, 31(5), 2018
- With G. Cassar, "Do Risk Management Practices Work? Evidence From Hedge Funds," Review of Accounting Studies, 22(3), 2017
- With R. Ball, J. Linnainmaa, and V. Nikolaev, "Accruals, Cash Flows, and Profitability in the Cross Section of Stock Returns,"Journal of Financial Economics, 121(1), 2016
- With J. Linnainmaa, "Market Reactions to Tangible and Intangible Information Revisited,"Critical Finance Review, 5(1), 2016
- With R. Ball, J. Linnainmaa, and V. Nikolaev, “Deflating Profitability,” Journal of Financial Economics, 117(2), 2015
- With C. Syverson, "Competition in the Audit Market: Policy implications," Journal of Accounting Research, 53(4), 2015
- With B. Bushee and M.E. Carter, "Institutional Investor Preferences for Corporate Governance Mechanisms," Journal of Management Accounting Research, 26(2), 2014
- With M. Lang and M. Maffett, "Post-Listing Performance and Private Sector Regulation: The Experience of the AIM," Journal of Accounting and Economics, 56(2-3), 2013
- With A. Kovrijnykh, "Performance Shocks and Misreporting,"Journal of Accounting and Economics, 56(1), 2013
- With J. Piotroski and S. Srinivasan, "Which U.S. Market Interactions Affect CEO Pay? Evidence from U.K.," Management Science, 59(11), 2013
- With G. Cassar, "Hedge funds: Pricing Controls and the Smoothing of Self-Reported Returns," Review of Financial Studies, 24(5), 2011
- With G. Cassar,"Determinants of Hedge Fund Internal Controls," The Accounting Review, 85(6), 2010
- "Chief Executive Officers and the Pay-Pension Tradeoff," Journal of Pension Economics and Finance, 9(2), 2010
Other Publications:
- “Moving Beyond Histogram Bin Frequencies as Prima Facie Evidence of Earnings Management”, Journal of Accounting and Economics, 68(2--3), 2019
- With C. Syverson, "Audit Firms Face Downward-Sloping Demand Curves and the Audit Market is far from Perfectly Competitive," Review of Accounting Studies, 22(4), 2017
- With Q. Chen, V. Glode, and D. Taylor, "Thoughts on the Divide Between Theoretical and Empirical Research in Accounting," Journal of Financial Reporting, 1(2), 2016
- Discussion of “Detecting Earnings Management: A New Approach," Journal of Accounting Research, 50(2), 2012
- With C. Ittner and D. Larcker, "The Structure of Performance-Vested Stock Option Grants," in Essays on Accounting Theory in Honor of Joel S. Demski, R. Antle, P. Jihong Liang, and F. Gjesdeal (eds.), 2006