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An International Meeting of American Accounting
Association
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Tuesday, August 8, 2006 — 2:00 pm-3:30 pm
5.1 IAAER & KPMG Reporting Financial Performance Research Program (At-Large)
Moderator: Donna L. Street, University of Dayton
Presentations:
An Experimental Study of the Decision Usefulness of the IASB's Proposed Comprehensive Income Statement.
Ann Tarca, University of Western Australia; Philip R. Brown, University of New South Wales and University of Western Australia; David Richard Woodliff, University of Western Australia; Phil Hancock, University of Western Australia; Michael Bradbury, Unitec; Tony van Zijl, Victoria University of WellingtonThe Capital Market Implications of Summary Accounting Performance Measures in Shareholder vs. Stakeholder Economies.
Jan Barton, Emory University; Grace Pownall, Emory UniversityLeveling the Playing Field: The Effect of Integrated Performance Reporting on Information Acquisition by Analysts and Investors.
Leslie Hodder, Indiana University; Patrick E. Hopkins; Indiana University; David A. Wood, Indiana UniversityThe Dynamic Effects of Other Comprehensive Income.
Denise A. Jones, The College of William & Mary; Kimberly J. Smith, The College of William & Mary
5.2 Accounting Judgments, Estimates, and Restatements (At-Large)
Moderator: Caryn Bocchino, Senior Manager, KPMG Audit Committee Institute
Panelists:
Denise Dickins, Audit Committee Member, TradeStation Group, Inc.
Greg Thor, SVP, Chief Accounting Officer, Municipal Mortgage and Equity, LLC
John Keenan, Managing Partner, KPMG LLP, Washington, D.C. OfficeThe panel discussion, Accounting Judgments, Estimates, and Restatements: Implications for Audit Committee Oversight, will explore the process used by audit committees to evaluate and oversee management's accounting policies, including the significant accounting judgments and estimates that underlie the company's financial reporting. It will explore some of the reasons for the increasing number of financial restatements, as well as accounting "red flags" and "earnings management" techniques.
5.3 Management Incentives (Accounting, Behavior and Organizations)
Moderator: Wendy J. Bailey, University of South Carolina
Performance Standards and Managers' Adoption of Risky Projects.
Chee W. Chow, San Diego State University; James M. Kohlmeyer III, East Carolina University; Anne Wu, National Chengchi University
Discussant: Margaret Shackell-Dowell, University of Notre DameThe Egocentric Biasing of Pseudo-Participation Perceptions in Budgetary Decision-Making.
Laura Francis-Gladney, State University of New York Institute of Technology; Robert B. Welker, Southern Illinois University; Nace Magner, Western Kentucky University
Discussant: Cynthia L. Krom, Mt. St. Mary CollegeThe Effect of Participative Budgeting Congruence on Individual Performance and Corporate Performance.
Yeun-Wen Chang, National Taichung Institute of Technology; Ruey-Dang (Ray) Chang, National Sun Yat-Sen University; Yu-Cheng Chen, National Chung Hsing University; Ching-Ping Chang, Diwan Ernst & Young; Shao Chun Wu, Deloitte & Touche, Taichung, Taiwan
Discussant: Charles J. Pineno, Shenandoah University
5.4 The Role of Affects, Personality, and Culture in Decision Making (Accounting, Behavior and Organizations)
Moderator: Nancy Uddin, Monmouth University
Managers' Retributive and Conciliatory Behavior in Transfer Pricing Negotiations: The Informational Role of Opponent's Emotions.
Kimberly K. Moreno, University of Massachusetts Amherst; Sudip Bhattacharjee, Virginia Polytechnic Institute & State University
Discussant: Thomas S. Clausen, Wichita State UniversityA Study of Kruglanski's Need for Closure Construct and Its Implications for Judgment and Decision Making in Accounting and Auditing.
Charles D. Bailey, The University of Memphis; Cynthia M. Daily, University of Arkansas at Little Rock; Thomas J. Phillips, Jr., Louisiana Tech University
Discussant: Edward R. Walker, McNeese State UniversityCross-Cultural Differences in Accounting Decisions Involving Conflicting Goals.
Lan Guo, Washington State University; Bernard Wong-On-Wing, Washington State University; Gladie Lui, Chinese University of Hong Kong
Discussant: Chris Wolfe, Texas A&M University
5.5 Decision Making (Artificial Intelligence/Emerging Technologies)
Moderator: Harlan Etheridge, University of Louisiana at Lafayette
An Investigation of Decision Aids in Audit Firms: Current Practice and Opportunities for Future Research.
Carlin Dowling, University of Melbourne; Stewart A. Leech, University of Melbourne
Discussant: Bharat Sarath, Baruch College–CUNYCost Benefit Analysis of Internal Control over Financial Reporting Consulting Services in Belief Function Framework.
Chan Li, University of Kansas; Rajendra Srivastava, University of Kansas
Discussant: Matthew Bovee, University of VermontUse of Knowledge Management Systems and the Impact on Declarative Knowledge Acquisition.
Holli McCall, University of Connecticut; Vicky Arnold, University of Central Florida; Steve Sutton, University of Central Florida
Discussant: Ludwig Christian Schaupp, The University of North Carolina at Wilmington
5.6 Taxes and Capital Structure (American Taxation Association)
Moderator: Jeffrey Gramlich, University of Southern Maine
Effect of Personal Taxes on Managers' Decision to Sell Unrestricted Equity.
Li Jin, Harvard University; S. P. Kothari, Massachusetts Institute of Technology
Discussant: William Paul Brown, Longwood UniversityThe Effect of Changes in the Value of the Tax Timing Option and Overall Market Conditions on the Market Response to Large and Small Stock Distributions.
Dean Crawford, State University of New York at Oswego; Diana R. Franz, University of Toledo; Gerald J. Lobo, University of Houston
Discussant: Steve Gill, University of MassachusettsDo Taxes Affect Public Utility Company Debt-Financing Decisions?
T. J. Atwood, University of North Texas; Susan E. Cammack, Washburn University
Discussant: Belinda Charlene Henderson, University of Arkansas
5.7 Audit Quality (Auditing)
Moderator: Nazik S. Roufaiel, State University of New York Empire State College
The Association between Audit Quality and Abnormal Audit Fees.
Jong-Hag Choi, Seoul National University; Jeong-Bon Kim, The Hong Kong Polytechnic University; Yoonseok Zang, Singapore Manangement University
Discussant: Thomas D. Dowdell, North Dakota State UniversityThe Association between Audit Firm Organizational Form and Audit Quality: Evidence from China.
Chih-Ying Chen, Hong Kong University of Science and Technology; Chen-Lung Chin, National Chengchi University; Hsin-Yi Chi, National Taichung Institute of Technology
Discussant: Thomas A. Lechner, University of UtahAuditor Quality, Tenure, and Bank Loan Pricing.
Jeong-Bon Kim, The Hong Kong Polytechnic University; Byron Y. Song, The Hong Kong Polytechnic University; Judy S. L. Tsui, The Hong Kong Polytechnic University
Discussant: Kim Dunn, Florida Atlantic University
5.8 Overview of the New Risk Assessment Standards: Implications for Teaching and Research (Auditing)
Moderator: Joe Carcello, University of Tennessee
Panelists:
James Gunn, Deputy Director, International Auditing and Assurance Standards Board, IFAC
Chuck Landes, American Institute of Certified Public Accountants
Bill Messier, Georgia State and Former Auditing Standards Board Member
Keith Newton, Grant Thornton, LLP; Member, Auditing Standards Board
5.9 Fraud (Auditing)
Moderator: Chih-Chen Lee, Northern Illinois University
What Can Nonfinancial Measures Tell Us About the Likelihood of Fraud?
Joe Brazel, North Carolina State University; Keith L. Jones, George Mason University; Mark F. Zimbelman, Brigham Young University
Discussant: Mary Jepperson, College of St. Benedict and St. John's University–MinnesotaContemporaneous Risk Factors and the Prediction of Financial Statement Fraud.
Christopher J. Skousen, The University of Texas at Arlington; Charlotte J. Wright, Oklahoma State University
Discussant: James Bierstaker, Villanova UniversityUsing Deferred Tax Data to Detect Fraud.
Michael Ettredge, University of Kansas; Lili Sun, Rutgers–The State University of New Jersey; Picheng Lee, Pace University; Asokan Anandarajan, New Jersey Institute of Technology
Discussant: Tracy J. Noga, Bentley College
5.10 Judgement Biases in Auditing (Auditing)
Moderator: Robert J. Ramsay, University of Kentucky
The Impact of Client Expertise, Client Gender and Auditor Gender on Auditors' Judgments.
Anna Nöteberg, RSM Erasmus University; James E. Hunton, Bentley College and Universiteit Maastricht; Mohamed Gomaa, Wilfred Laurier University
Discussant: Faye A. Brathwaite, Athens State University"Order Effects" Revisited: The Importance of Chronology.
Michael Favere-Marchesi, Simon Fraser University
Discussant: Charlie Cullinan, Bryant UniversityRevisiting How Effectively the Audit Review Process Reduces Judgment Biases.
Jongsoo Han, Rutgers University–Camden; Jacob G. Birnberg, University of Pittsburgh; Donald V. Moser, University of Pittsburgh
Discussant: Christine Earley, Bentley College
5.11 Effective Learning through Cases: Examples from the Trueblood Case Study Series (AAA Education Committee)
Moderator: Nancy A. Bagranoff, Old Dominion University
Panelists:
Michael Condo, Deloitte & Touche LLP
5.12 Analyst Following, Cost of Capital, and Firm Valuation (Financial Accounting and Reporting)
Moderator: Donal Byard, Baruch College–CUNY
Analyst Following and Cost of Debt.
Mei Cheng, University of Southern California; K. R. Subramanyam, University of Southern California
Discussant: Shyam V. Sunder, Northwestern UniversityThe Influences of Financial Statement Recognition and Analyst Coverage on the Market's Valuation of R&D Capital.
Michael D. Kimbrough, Harvard University
Discussant: Shyam V. Sunder, Northwestern UniversityLoan Spreads and Unexpected Earnings: Do Banks Know What Analysts Don't Know.
Jeff Jiewei Yu, The Ohio State University
Discussant: Shyam V. Sunder, Northwestern University
5.13 Consequences of Regulation FD/SOX (Financial Accounting and Reporting)
Moderator: Uday Chandra, State University of New York at Albany
Regulation Fair Disclosure and the Cost of Equity Capital.
Zhihong Chen, Hong Kong University of Science and Technology; Dan S. Dhaliwal, The University of Arizona; Hong Xie, University of Illinois at Urbana–Champaign
Discussant: Daniel A. Cohen, New York UniversityInformational Effects of Regulation Fair Disclosure on Equity Analysts' Responses to Debt Rating Changes.
Boochun Jung, University of Colorado at Boulder; Konduru Sivaramakrishnan, University of Houston; Naomi Soderstrom, University of Colorado at Boulder
Discussant: Daniel A. Cohen, New York UniversityThe Effect of the Sarbanes-Oxley Act on the Timing Manipulation of CEO Stock Option Awards.
Daniel W. Collins, University of Iowa; Guojin Gong, The Pennsylvania State University; Haidan Li, University of Iowa
Discussant: Daniel A. Cohen, New York University
5.14 Corporate Governance and Firm Value (Financial Accounting and Reporting)
Moderator: Lori Holder-Webb, University of Wisconsin–Madison
Director Networks, Executive Compensation, and Firm Performance.
David F. Larcker, Stanford University; Scott A. Richardson, University of Pennsylvania; Andrew Seary, Simon Fraser University; Ïrem Tuna, University of Pennsylvania
Discussant: Fabrizio Ferri, Harvard UniversityInternal Governance and the Wealth Effect of R&D Expenditure Increases.
Shao-Chi Chang, National Cheng Kung University Taiwan; Sheng-Syan Chen, National Taiwan University Taiwan; Wen-Chun Lin, National Cheng Kung University Taiwan
Discussant: Fabrizio Ferri, Harvard UniversityManagers' and Investors' Responses to Media Exposure of Board Ineffectiveness.
Henock Louis, Pennsylvania State University; Jennifer Joe, Georgia State University; Dahlia Robinson, Arizona State University
Discussant: Fabrizio Ferri, Harvard University
5.15 Earnings Management: Detection and Motivation (Financial Accounting and Reporting)
Moderator: Yen-Jung Lee, Georgia State University
Earnings Management and Accounting Income Aggregation.
John Jacob, University of Colorado at Boulder; Bjorn N. Jorgensen, Columbia University
Discussant: May Zhang, University of Missouri–ColumbiaA Re-Examination of Whether Annual Earnings Increases are an Important Target.
Atul Rai, University of Alabama in Huntsville; Joseph Kerstein, Baruch College–City University of New York
Discussant: May Zhang, University of Missouri–ColumbiaGeography and the Incidence of Financial Misreporting.
Simi Kedia, Rutgers University; Shiva Rajgopal, University of Washington
Discussant: May Zhang, University of Missouri–Columbia
5.16 Role of Financial/Non-Financial Information (Financial Accounting and Reporting)
Moderator: Santanu Mitra, Montclair State University
Fundamental or Information Risk? An Analysis of the Earnings Quality Factor.
D. Craig Nichols, Cornell University
Discussant: Per Olsson, Duke UniversityEarnings Volatility, Cash Flow Volatility, and Firm Value.
George Allayannis, University of Virginia; Brian Rountree, Rice University; James Weston, Rice University
Discussant: Per Olsson, Duke UniversityWhat Drives the Top Line? Nonfinancial Determinants of Sales Revenue in Private Venture-Backed Firms.
John R. M. Hand, The University of North Carolina at Chapel Hill
Discussant: Per Olsson, Duke University
5.17 Strategic Disclosure (Financial Accounting and Reporting)
Moderator: Marcus L. Caylor, University of South Carolina
The Strategic Reporting of Special Items.
Edward Riedl, Harvard University; Suraj Srinivasan, University of Chicago
Discussant: Benjamin Nelson Lansford, Northwestern UniversityTimeliness of Firms' Voluntary Disclosure of Good and Bad News.
Jennifer Tucker, University of Florida; Paul Zarowin, New York University
Discussant: Benjamin Nelson Lansford, Northwestern UniversityDo Managers Withhold Bad News?
S. P. Kothari, Massachusetts Institute of Technology; Susan Shu, Boston College; Peter Wysocki, Massachusetts Institute of Technology
Discussant: Benjamin Nelson Lansford, Northwestern University
5.18 Communicating Performance (Government and Nonprofit)
Moderator: Nicole Thibodeau, Naval Postgraduate School
Analyzing the Financial Statements of Nonprofit Organizations: A Study of the Major Sectors.
John M. Trussel, The Pennsylvania State University Harrisburg
Discussant: Pamela C. Smith, The University of Texas at San AntonioCommunicating Performance: The Extent and Effectiveness of Performance Reporting by U.S. Colleges and Universities.
Teresa P. Gordon, University of Idaho; Mary Fischer, The University of Texas at Tyler
Discussant: Alice A. Ketchand, Sam Houston State UniversityCommunicating Government Performance: The Role of Newspapers.
Kenneth A. Smith, Willamette University; Ottalee Schiffel, State University of New York at Geneseo; Justin Marlowe, University of Kansas
Discussant: Lela D. "Kitty" Pumphrey, Idaho State University
5.19 The Effects of IT on Individual and Group Behavior and Decision Making (Information Systems)
Moderator: David T. Dearman, University of Arkansas at Fort Smith
Conflict and Conflict Composition in the Virtual Team.
Robin L. Wakefield, Baylor University; Dorothy Leidner, Baylor University
Discussant: Andrew P. Jansma, Michigan Technological UniversityEconomic Judgment Errors in Business Performance Evaluations Utilizing Online Multidimensional Analysis.
Jacob Peng, University of Michigan–Flint; Ralph E. Viator, Texas Tech University; Steve Buchheit, Texas Tech University
Discussant: Eileen Z. Taylor, University of South Florida
5.20 International Accounting: Analyst and Financial Reporting (International Accounting)
Moderator: Alan Jagolinzer, Stanford University
The Effect of Changes in Japanese Consolidation Policy on Analyst Forecast Error.
Don Herrmann, Oklahoma State University; Tatsuo Inoue, Kwansei Gakuin University; Wayne Thomas, University of Oklahoma
Discussant: Christopher Hodgdon, University of VermontDoes Analyst Following Curb Earnings Management? International Evidence.
François Degeorge, University of Lugano Switzerland; Yuan Ding, HEC School of Management Paris/CEIBS; Thomas Jeanjean, HEC School of Management Paris; Hervé Stolowy, HEC School of Management Paris
Discussant: Huong Higgins, Worcester Polytechnic InstituteAn Examination of Factors Affecting Chinese Financial Analysts' Information Comprehension, Analyzing Ability, and Job Quality.
Yiming Hu, Shanghai Jiao Tong University; Thomas Lin, University of Southern California; Pengcheng Li, Shanghai University of Finance and Economics; Siqi Li, Universityof Southern California
Discussant: Yong G. Lee, The University of Houston at Victoria
5.21 International Accounting: Taxation and Financial Issues (International Accounting)
Moderator: Maria Caban-Garcia, University of South Florida
Culture and International Tax Rates: An Empirical Investigation.
Gary P. Braun, The University of Texas at El Paso; Karl Putnam, The University of Texas at El Paso; Kallol Bagchi, The University of Texas at El Paso
Discussant: Kelly McKillop, University of MassachusettsAsset Devaluation in the Absence of Agency Incentives.
Neil Garrod, Thames Valley University; Ursa Kosi, University of Ljubljana; Aljosa Valentincic, Universitiy of Ljubljana
Discussant: Barry R. Marks, University of Houston–Clear LakeThe Tax-Clientele Effects and the Capitalization of Shareholder-Level Dividend Tax: Evidence from Taiwan.
Wanncherng Wang, National Cheng Kung University; Li-Hsiang Wang, National Tax Bureau
Discussant: Brigitte W. Muehlmann, Bentley College
5.22 CEO Compensation Contracts (Management Accounting)
Moderator: Theresa Libby, Wilfrid Laurier University
Motives for and Risk-Incentive Implications of CEO Severance.
Ewa Sletten, Northwestern University; Thomas Lys, Northwestern University
Discussant: Asis Martinez-Jerez, Harvard Business SchoolBonus Compensation: Executive Rank and Non-Linearity.
Austin L. Reitenga, University of Alabama
Discussant: Ana M. Albuquerque, Boston University
5.23 Earnings Management and Compensation (Management Accounting)
Moderator: William Stammerjohan, Louisiana Tech University
The Use of Stock Options and Defined Benefit Plans to Retain Employees.
Kathleen M. Weiden, Fairfield University
Discussant: Rong Huang, Baruch College—CUNYThe Dynamic Relation between the Structure of Compensation and Earnings Management.
Amal A. Said, University of Toledo
Discussant: Rong Huang, Baruch College—CUNY
5.24 Stock Option Incentives and International Comparison of Compensation (Management Accounting)
Moderator: Kamala R. Raghavan, Robert Morris University
Executive Stock Options and Risk-Taking.
Wenli Huang, Boston University School of Management
Discussant: Bill Cready, The University of Texas at DallasHow High Is U.S. CEO Pay? A Comparison with U.K. CEO Pay.
Martin Conyon, University of Pennsylvania; John E. Core, University of Pennsylvania; Wayne Guay, University of Pennsylvania
Discussant: Valentina L. Zamora, Boston College
5.25 Disclosures (Public Interest)
Moderator: Rebekah Sheely Heath, Pittsburg State University
Accounting Disclosure of the Toxics Release Inventory for 2002.
Martin Freedman, Towson University; A. J. Stagliano, Saint Joseph's University
Discussant: Alan G. Mayper, University of North TexasThe Role of (Certain) Environmental Disclosures as Tools of Legitimacy.
Charles H. Cho, University of Central Florida; Dennis M. Patten, Illinois State University
Discussant: Lawrence Kalbers, Loyola Marymount University
5.26 Education (Public Interest)
Moderator: Khondkar E. Karim, Rochester Institute of Technology
Using the CFI to Assess the Financial Health of Public Institutions of Higher Education.
Lawrence R. Hudack, Barry University
Discussant: Barbara W. Scofield, University of DallasSignaling in the Accountant Labor Market.
John T. Sweeney, Washington State University; Charlie Bame-Aldred, Washington State University
Discussant: B. Elisabeth Rossen, Florida Atlantic University/Florida International University
5.27 Publishing Tactics (Public Interest)
Moderator: Paul F. Williams, North Carolina State University
An Examination of the Peer Review Process in Accounting.
Charles D. Bailey, The University of Memphis; Dana R. Hermanson, Kennesaw State University; Timothy J. Louwers, James Madison University
Discussant: Tony Tinker, Baruch College–CUNY and St. Andrews UniversityWriting Accounting Ethics: Discussions in the Journal of Accountancy.
Joni J. Young, University of New Mexico
Discussant: John M. Thornton, Washington State University
5.28 Course-Embedded Outcomes Assessment (Teaching and Curriculum)
Moderator: Michael J. Krause, Le Moyne College
Panelists:
Susan Albring, University of South Florida
Robert Gruber, University of Wisconsin–Whitewater
Gary Spraakman, York University
5.29 The Uniform CPA Examination Today (Teaching and Curriculum)
Moderator: Gregory Johnson, Director, Examinations Strategy, AICPA
Panelists:
Krista Breithaupt, AICPA
Nicholas Mastracchio, Jr., State University of New York at Albany
5.30 Using Software in First-Year Courses and Beyond (Two-Year College)
Moderator: To Be Announced
Panelists:
Pat Bille, Highline Community College
Maria Mari, Miami Dade Community College
Joann Segovia, Minnesota State University Moorhead
Carol Yacht, Computer Accounting Resources