About

Joshua Ronen is a professor of accounting at New York University Stern School of Business, where he has been a faculty member since 1973. He teaches courses in financial accounting, advanced topics in financial accounting, and financial statement analysis. His primary research areas include capital markets, disclosure, earnings management, the economic impact of accounting rules and regulations, financial reporting, legal liability of firms, transfer pricing, agency theory, corporate governance, and fair valuation. Professor Ronen has authored numerous books and has been published in many academic journals, including The New York Times, The Accounting Review, and the Journal of Accounting Research. He has also served as co-editor of the Journal of Law, Finance, and Accounting and has lectured at various international universities. Additionally, he has been a consultant for law firms and securities litigation, with his suggestions for reform in the accounting profession receiving critical acclaim. He has held leadership roles such as President of the Price Institute of Entrepreneurial Studies and Director of the Vincent C. Ross Institute of Accounting Research at NYU Stern, and has served on the boards of several academic journals.

Research topics

• Economics
• Computer Science
• Accounting
• Artificial Intelligence
• Business
• Finance
• Political Science
• Data Mining
• Macroeconomics
• Mathematics
• Data science
• Linguistics
• Marketing
• Psychology
• Financial system
• Monetary economics
• Financial economics
• Philosophy

Selected publications

• Securitization, Recourse Uncertainty, and Crash Risk

  Journal of Accounting Auditing & Finance · 2025-08-12

  article

  In this study, we examine how banks’ stock price crash risk is affected by recourse uncertainty embedded in securitizations. By recourse uncertainty, we mean the difficulty for equity market participants to assess the true extent of risk transfer between securitizing banks and investors in asset-backed securities due to the opacity of securitizations. We argue that this uncertainty facilitates the withholding and accumulation of negative news that is subsequently released at once, resulting in crashes. Using a sample of U.S. bank holding companies for the period of 2002–2015, we find that recourse uncertainty is positively associated with the future crash risk of securitizing banks. The result holds after controlling for bank intrinsic risk. We also predict and find that this association is higher for banks with poorer information environment and for the period before the adoption of SFAS 166/167, which required enhanced disclosure about securitization activities.

  PublisherDOI

• <div> "Show and Tell” <span>Images Reinforcing Text: Inform or Impress?</span></div><div> <br></div>

  SSRN Electronic Journal · 2025-01-01

  preprintOpen access
  PublisherDOI

• Images Tell Stories

  Financial Analysts Journal · 2025-04-03 · 1 citations

  article1st author

  Images can enhance the interpretation of textual material and improve decision-making. We describe recent research on how images affect decisions, generally mediated through two channels: affect and cognition. Image characteristics capturing expressiveness, such as colorfulness and sharpness, mainly engage emotions, whereas the degree to which image content either reinforces or adds to information embedded in accompanying text operates through the cognition channel. Image metrics are associated with higher crowdfunding investments, smaller analyst forecast errors and dispersion, and lower market risk. We discuss the role of generative AI in image generation and analysis and illustrate using text from GE’s 10-K filings.

  PublisherDOI

• Images Tell Stories

  SSRN Electronic Journal · 2025-01-01

  articleOpen access1st authorCorresponding
  PublisherDOI

• Does the CARD Act affect price responsiveness? Evidence from credit card solicitations

  Journal of Banking & Finance · 2024-05-01

  articleSenior author
  PublisherDOI

• Anticipatory effects of accounting standards: the lease exposure draft

  Review of Accounting Studies · 2024-11-07 · 1 citations

  articleSenior author
  PublisherDOI

• Speculative Trading and Price Momentum

  SSRN Electronic Journal · 2024-01-01

  preprintOpen accessSenior author
  PublisherDOI

• Expanding the Accounting Model by Disclosing External Costs and Benefits: Refinement of Mandatory ESG Disclosures

  Ethical economy · 2024-01-01 · 1 citations

  book-chapter1st authorCorresponding
  PublisherDOI

• Speculative Trading and Price Momentum

  SSRN Electronic Journal · 2024-01-01

  articleOpen access
  PublisherDOI

• Anticipatory Effects of Accounting Standards: The Lease Exposure Draft

  SSRN Electronic Journal · 2024-01-01 · 2 citations

  preprintOpen accessSenior author
  PublisherDOI

Frequent coauthors

• Varda Yaari

  Tel Aviv University

  23 shared

• Tavy Ronen

  Rutgers, The State University of New Jersey

  21 shared

• Alex Dontoh

  13 shared

• Roberto Di Pietra

  University of Siena

  8 shared

• Bharat Sarath

  8 shared

• George H. Sorter

  7 shared

• Suresh Radhakrishnan

  7 shared

• Geng Li

  Federal Reserve

  7 shared

Education

• Ph.D, Accounting

  Stanford University

  1969

Awards & honors

• Best Abacus manuscript award, University of Sydney Accountin…
• Best Abacus manuscript award winner for 2009, University of…
• Scholarly awards, Hebrew University (1965)