Gil Sadka

Associate Professor

Accounting

BA, Tel Aviv University, 2001; MBA, PhD, University of Chicago, 2005

Joined CBS in 2005

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Gil Sadka

Office
613 Uris

Phone
212-854-5391

E-mail
gs2235@columbia.edu

Fax
212-316-9219

Teaching and research interest

Professor Sadka joined Columbia Business School in July 2005 and serves as the PhD coordinator of the Accounting Division. Professor Sadka's research focuses primarily on equity valuation. In his research on equity valuation, he examines the role of earnings and earnings predictability in generating stock price volatility and the implications for asset prices. His studies explore issues related to aggregate (market-wide) earnings and aggregate stock price movement. Professor Sadka's research also focuses on the implications of accounting practice on contracting and other actions taken by firm managers as well as by their competitors. This line of research focuses on how earnings information is used by consumers of financial statements and how different demands shape accounting practice. Professor Sadka's research has been published in leading accounting and finance journals such as Journal of Accounting Research, Journal of Accounting and Economics, Review of Accounting Studies, American Law and Economics Review, and Journal of Financial Economics. Prior to joining the PhD program at the University of Chicago, Professor Sadka has worked in the Israeli Accounting Standard Board. Professor Sadka teaches Earnings Quality and Fundamental Analysis as well as a PhD seminar. He earned his MBA and PhD from University of Chicago Booth School of Business in 2005.

Journal articles

Earnings Dispersion and Aggregate Stock Returns In Journal of Accounting and Economics (2012)
Author(s): Bjorn Jorgensen, Jing Li, Gil Sadka

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Predictability and the Earnings-Returns Relation In Journal of Financial Economics (2009)
Author(s): Gil Sadka, Ronnie Sadka

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Liquidity and the Post-Earnings-Announcement Drift In Financial Analysts Journal (2009)
Author(s): Tarun Chordia, Amit Goyal, Gil Sadka, Ronnie Sadka, Lakshmanan Shivakumar

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Aggregate Earnings and Asset Prices In Journal of Accounting Research (2009)
Author(s): Ray Ball, Gil Sadka, Ronnie Sadka

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Is Financial Reporting Shaped by Equity Markets or by Debt Markets? An International Study of Timelines and Conservatism In Review of Accounting Studies (2008)
Author(s): Ray Ball, Ashok Robin, Gil Sadka

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Understanding Stock Price Volatility: The Role of Earnings In Journal of Accounting Research (2007)
Author(s): Gil Sadka

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The Economic Consequences of Accounting Fraud in Product Markets: Theory and a Case from the U.S. Telecommunication Industry (WorldCom) In American Law and Economics Review (2006)
Author(s): Gil Sadka

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CaseWorks

Merck and Forest Labs: Comparing Apples and Oranges?: Spring 2012
Author(s): Gil Sadka

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Sunbeam: Fall 2011
Author(s): Gil Sadka

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Coca Cola and CCE: Summer 2011
Author(s): Gil Sadka

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Continental Airlines: Accounting for Operating Leases: Summer 2011
Author(s): Gil Sadka

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Corning Incorporated in 2002: Spring 2011
Author(s): Gil Sadka

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The Very Specialized Bike Company: Winter 2008
Author(s): Sudhakar Balachandran, Tim Baldenius, Gil Sadka

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Beanie Kids Holiday Camp: Activity Based Costing: Spring 2008
Author(s): Sudhakar Balachandran, Tim Baldenius, D. Caplan, Gil Sadka

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WorldCom: The Accounting Scheme Backfires: Spring 2008
Author(s): Sudhakar Balachandran, Gil Sadka

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Working Papers

Earnings News, Expected Earnings and Aggregate Stock Returns (2013)
Author(s): Jung Ho Choi, Alon Kalay, Gil Sadka

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State Contract Law and Debt Contracting (2013)
Author(s): Colleen Honigsberg, Sharon Katz, Gil Sadka

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Debt Covenants and Capital Structure: Evidence from an Exogenous Shock to Debt Capacity Working Paper (2012)
Author(s): Moshe Cohen, Sharon Katz, Gil Sadka

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The impact of management forecasts on analyst forecast characteristics Working Paper (2012)
Author(s): Urooj Khan, Oded Rozenbaum, Gil Sadka

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Illiquidity and Earnings Predictability Research Paper No. 11–1 (2011)
Author(s): Gil Sadka, Jon Kerr, Ronnie Sadka

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Are Accounting Standards Diversifiable? Evidence of the Aggregate Valuation Effects of Standards Working Paper (2009)
Author(s): Bjorn Jorgensen, Jing Li, Gil Sadka

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Capacity Utilization, Profit Margins and Stock Returns Working Paper (2009)
Author(s): Bjorn Jorgensen, Jing Li, Gil Sadka

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Do Analyst Forecasts Reflect Investor Expectations? Evidence on the Extent to Which Analyst Forecasts Errors are Predictable Working Paper (2009)
Author(s): Yaniv Konchitchki, Xiaoxia Lou, Gil Sadka, Ronnie Sadka

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Earnings Dispersion and Aggregate Stock Returns Working Paper (2009)
Author(s): Jing Li, Gil Sadka

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Legal Environment and the Differential Performance of Publicly Traded and Privately Held Firms Working Paper (2005)
Author(s): Gil Sadka, Yaniv Konchitchki, Bugra Ozel

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Forthcoming Articles

Legal Environment and the Differential Performance of Publicly Traded and Privately Held Firms In International Journal of Finance (2013)
Author(s): Bjorn Jorgensen, Yaniv Konchitchki, N. Bugra Ozel, Gil Sadka

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