Haas Names New Schwabacher Fellows

Associate Professor Nicolae Gârleanu (left) and Assistant Professor Yaniv Konchitchki have been awarded Schwabacher Fellowships by the Haas Executive Committee, a panel that includes the dean and senior faculty.

The fellowship is the highest honor that Haas bestows upon up-and-coming faculty stars. It consists of a small unrestricted cash award, a research grant, and a modest instructional point credit.

Gârleanu, a member of the faculty's Finance Group, joined Berkeley-Haas in 2007 and was awarded the Paul. H.Stephens Chair in Applied Investment Analysis in 2011. He has received numerous research awards, including the Journal of Finance Smith Breeden Prize in 2013 and the Review for Financial Studies Barclays Brennan Award in 2012. His award-winning papers have explored how financial-asset returns can predict GDP growth and the variation of returns on bonds with identical cash flows during the financial crisis.

Gârleanu, who earned his PhD from Stanford, most recently taught Financial Derivatives in the Full-time Berkeley MBA Program in fall 2013.

Konchitchki, a member of the Haas Accounting Group, joined Haas in 2011. Since then he has received the Earl F. Cheit Award for Outstanding Teaching, the highest teaching award bestowed annually upon Haas instructors, in 2013; the Bakar Faculty Fellowship; and the Hellman Fellows Fund Award for Research Excellence. He also was named to the "World's Top 40 Under 40" list of business professors by Poets & Quants, a business school news website.

Konchitchki specializes in interdisciplinary capital markets research, focusing on the usefulness of accounting information through its links to macroeconomics (e.g., inflation and GDP) and valuation (e.g., financial statement analysis, cost of capital, and asset pricing). His research has helped develop the interdisciplinary area of macro-accounting.

During the spring semester, Konchitchki taught the core MBA Financial Accounting class and the PhD Financial Accounting Research class. Konchitchki was a CPA and senior financial consultant at PricewaterhouseCoopers as well as a senior investment and economic expert at the Securities Authority before earning his PhD from Stanford.