Aydin Uysal

Ph.D. Candidate
University of California at Berkeley
Haas School of Business

(415) 361-1248
Curriculum Vitae



Haas School of Business
University of California at Berkeley
545 Student Services Building, #1900
2220 Piedmont Avenue
Berkeley, CA 94720-1900


Aydin Uysal is a Ph.D. Candidate in Accounting at the Haas School of Business, University of California at Berkeley. Prior to joining the Ph.D. program, he started his professional career at Moody's KMV, Inc. where he worked for five years. He continued his career at Quantal Asset Management, LLC. and Barclays Global Investors, LLC. where he worked for a total of two years. His educational background includes an M.B.A. in Finance and a B.S. in Industrial Engineering and Operations Research.

Research Interests

Financial Statement Analysis, Security Valuation, Financial Institutions.

Job Market Paper

“Assessing Accrual Quality in Financial Institutions”

Abstract:  This paper provides a framework for assessing the accrual quality of financial institutions and applies it to commercial banks' loan portfolios.  I first develop an accrual reliability categorization for financial institutions and show that existing findings for non-financial firms extend to financial firms.  I next demonstrate how supplementing the information in accruals leads to significantly improved assessment of accrual quality.  Focusing on commercial banks' loan portfolios, I supplement information in accruals with footnote disclosures regarding loan portfolio concentrations and regional economic indicators.  I show that the resulting loan portfolio quality index (PQI)  further isolates less reliable accruals and significantly improves the forecasting of future earnings and stock returns.       

Working Papers

“A Framework for Value Investing.” with Seungmin Chee and Richard G. Sloan.


“Accrual Anomaly: A Cointegration Approach.”

“Predictability of Aggregate Earnings.”

“Aggregate Earnings, Cash Flows, Accruals Surprises, and Expected Equity Premiums.”