An International Meeting of the American Accounting Association American Accounting Association 2006 Annual Meeting August 6–9, 2006 Washington, D.C.

Wednesday, August 9, 2006 — 2:00 pm-3:30 pm

8.1 Concentration and Competition: New Development in the Markets for Audit (At-Large)

Moderator: Bob Colson, Grant Thornton

Presenter:

Cono Fusco, Grant Thornton

8.2 Professional Judgment: Accounting Forecasts and Estimates (Accounting, Behavior and Organizations)

Moderator: Tara J. Shawver, King's College

The Influence of Observed Stock Price Changes on Analysts' Earnings Forecast Revisions: Experimental Evidence.
Jeff S. Miller, University of Notre Dame; Lisa M. Sedor, University of Notre Dame
Discussant: Max Hewitt, University of Washington

Determinants of Error Attribution in Accounting Estimates.
Joshua Herbold, University of Montana–Missoula
Discussant: Susan McCracken, University of Toronto

>Expertise, Task Structure, and Market Anomalies.
Dipankar Ghosh, University of Oklahoma; Lori Mason-Olsen, North Dakota State University
Discussant: Allen D. Blay, University of California, Riverside

8.3 Emerging Technologies and their Applications in Accounting Practice and Education (Artificial Intelligence/Emerging Technologies)

Moderator: Robert Biscontri, University of Manitoba

Radio Frequency Identification (RFID) and AIS: Overview and Research Issues.
Daniel E. O'Leary, University of Southern California
Discussant: Jennie Mitchell, Saint Mary-of-the-Woods College

A Design Model for Information Preparers to Construct an Effective XBRL-Based Business Information Supply Chain.
Chi-Chun Chou, Tamkang University of Taiwan; Yung-Ming Lee, PricewaterhouseCoopers
Discussant: Andrew P. Jansma, Michigan Techological University

Building Taxonomies and Instance Documents in the Tiny Reporting of Business Language (TRBL)—An XBRL Teaching Language.
Roger S. Debreceny, University of Hawaii; Clinton E. White, University of Delaware
Discussant: Saeed Roohani, Bryant University

8.4 Taxes, Foreign Earnings, and Firm Valuation (American Taxation Association)

Moderator: Jack R. Fay, Pittsburg State University

Using Bilateral Advance Pricing Agreements to Resolve Tax Transfer Pricing Disputes.
Anja DeWaegenaere, Tilburg University; Richard Sansing, Dartmouth College and Tilburg University; Jacco Wielhouwer, Tilburg University
Discussant: David G. Harris, Syracuse University

The Usefulness of Disclosures on Untaxed Foreign Earnings in Firm Valuation.
Mark Bauman, University of Northern Iowa; Ken Shaw, University of Missouri–Columbia
Discussant: David G. Harris, Syracuse University

Firm Valuation and the Repatriation Tax on Foreign Earnings.
Garth F. Novack, Utah State University; Raynolde Pereira, University of Missouri–Columbia
Discussant: Lisa Hersrud, University of Oregon

8.5 Audit Fees (Auditing)

Moderator: Michael M. Grayson, Jackson State University

The Impact of the Sarbanes-Oxley Act of 2002 on the Value Relevance of Auditors' Fees.
Kevin F. Brown, Wright State University; Seong Y. Cho, Drexel University; Jongsoo Han, Rutgers University–Camden
Discussant: Mithu Dey, College of Willam and Mary

Family Firms, Audit and Non-Audit Fees, and Earnings Management.
Ashiq Ali, The University of Texas at Dallas; Tai-Yuan Chen, The University of Texas at Dallas; Suresh Radhakrishnan, The University of Texas at Dallas
Discussant: Keith L. Jones, George Mason University

The Effect of Wages and the 150-Hour Requirement on Audit Fees.
Arthur Allen, University of Nebraska; Angela M. Woodland, Louisiana State University
Discussant: Mary Sullivan, George Washington University

8.6 Audits of Financially Distressed Companies (Auditing)

Moderator: Kenneth J. Reichelt, Louisiana State University

The Association between Insider Trading Surrounding Going Concern Audit Opinions and Future Bankruptcy.
Jonathan D. Stanley, The University of Alabama; F. Todd DeZoort, The University of Alabama; Gary K. Taylor, The University of Alabama
Discussant: Michael Willenborg, University of Connecticut

Anomalous Price Reaction and Differential Stockholder Response to Going-Concern Audit Opinions and Withdrawals.
Asad Kausar, University of Manchester; Richard J. Taffler, University of Edinburgh; Christine E. Tan, Baruch College–CUNY
Discussant: Paul Polinski, Case Western Reserve University

Audit Fees, Non-Audit Fees, and Auditor Going-Concern Reporting Decisions in the U.K.
Ilias G. Basioudis, Aston University; Marshall A. Geiger, University of Richmond; Vaggelis Papanastasiou, Aston University
Discussant: Kimberle Osborne, UNCFSP

8.7 International Issues in Auditing (Auditing)

Moderator: Xiaofeng Peng, Kent State University

An Exploration of the Cost Characteristics of the Taiwan Accounting Service Industry in a Changing Environment.
Tai-Cheng Shih, Yuan Ze University; Yann-Ching Tsai, National Taiwan University
Discussant: Jesse Dwyer, University of Connecticut

Does the Political Economy Affect Auditor Incentives? Some Chinese Evidence on Non-Big 4 Audit Quality.
Ferdinand A. Gul, The Hong Kong Polytechnic University; Jeong-Bon Kim, The Hong Kong Polytechnic University; Aini Qiu, The Hong Kong Polytechnic University
Discussant: Fei Han, University of Connecticut

Ownership Concentration in Privatized Firms: The Role of Disclosure Standards, Auditor Choice, and Auditing Infrastructure.
Omrane Guedhami, Memorial University of Newfoundland; Jeffrey A. Pittman, Memorial University of Newfoundland
Discussant: John Eichenseher, University of Wisconsin–Madison

8.8 Legal Regimes and Auditing (Auditing)

Moderator: Shifei Chung, Rowan University

Litigation Errors, Legal Regimes, and Audit Quality.
Chi-Wen Jevons Lee, Tulane University and Tsinghua University; Hua Lee, The Chinese University of Hong Kong; Taychang Wang, National Taiwan University
Discussant: Martin Wu, University of Illinois

Cross-Listing Audit Fee Premiums: Theory and Evidence.
Jong-Hag Choi, Seoul National University; Jeong-Bon Kim, Hong Kong Polytechnic University; Xiaohong Liu, Hong Kong University of Science and Technology; Dan Simunic, University of British Columbia
Discussant: Jason D. Schloetzer, University of Pittsburgh

A Model of Mandatory Auditor Rotation.
Ping Zhang, University of Toronto; Bryan K. Church, Georgia Institute of Technology
Discussant: Mark C. Penno, University of Iowa

8.9 Educating Auditors for the Post-SOX World—Integrating IS into the Audit Curriculum (AAA Education Committee)

Moderator: Mary Curtis, University of North Texas

Panelists:

James Hunton, Bentley College
Mark Johnson, Ernst & Young LLP

8.10 Analyst Forecasts and Valuation (Financial Accounting and Reporting)

Moderator: David DeBoskey, San Diego State University

Measure for Measure: An Examination of the Association between Forecast Accuracy and Recommendation Profitability of Sell-Side Analysts.
Yonca Ertimur, Stanford University; Jayanthi Sunder, Northwestern University; Shyam V. Sunder, Northwestern University
Discussant: Michael B. Mikhail, Duke University

Understanding the Biases in Analyst Forecasts.
Thomas D. Dowdell, North Dakota State University
Discussant: Michael B. Mikhail, Duke University

Using Analysts' Forecasts and Realized Earnings for Followed Firms to Predict Earnings and Returns for Neglected Firms.
Andrew A. Anabila, Pace University
Discussant: Michael B. Mikhail, Duke University

8.11 Effects of Accounting Standards on Firm Behavior (Financial Accounting and Reporting)

Moderator: Charles Shi, University of California, Irvine

Effect of Derivative Accounting Rules on Corporate Risk-Management Behavior.
Haiwen (Helen) Zhang, University of Minnesota
Discussant: Carol Shaokun Yu, University of Houston

Creating a Bigger Bath Using the Deferred Tax Valuation Allowance.
Kurt J. Bennion, Cornell University; Theodore E. Christensen, Brigham Young University; Gyung H. Paik, Brigham Young University; Earl K. Stice, Brigham Young University
Discussant: Carol Shaokun Yu, University of Houston

The Impact of Debt-Equity Reporting Classifications on Firms' Decision to Issue Hybrid Securities.
Shi Levi, University of California, Berkeley; Benjamin Segal, INSEAD
Discussant: Carol Shaokun Yu, University of Houston

8.12 Information Quality and Debt Markets (Financial Accounting and Reporting)

Moderator: Don P. Pagach, North Carolina State University

Cost of Credit Capital and Disclosure Quality.
Frank Heflin, Florida State University; Ken Shaw, University of Missouri–Columbia; John Wild, University of Wisconsin–Madison
Discussant: Jayanthi Sunder, Northwestern University

The Role of Information Asymmetry and Financial Reporting Quality in Debt Contracting: Evidence from the Secondary Loan Market.
Regina Wittenberg Moerman, University of Pennsylvania
Discussant: Jayanthi Sunder, Northwestern University

Information Quality and Split Ratings.
Stephen Haggard, University of Missouri–Columbia; Ravi Jain, University of Massachusetts Lowell; Xiumin Martin, University of Missouri–Columbia; Raynolde Pereira, University of Missouri–Columbia
Discussant: Jayanthi Sunder, Northwestern University

8.13 Managerial Incentives and Financial Reporting (Financial Accounting and Reporting)

Moderator: Rebecca T. Shortridge, Northern Illinois University

Why Do Corporate Managers Misstate Financial Statements? The Role of In-the-Money Options and Other Incentives.
Jap Efendi, California Polytechnic State University, San Luis Obispo; Anup Srivastava, Texas A&M University; Edward P. Swanson, Texas A&M University
Discussant: Neil Bhattacharya, Southern Methodist University

The Effect of Temporal Shifts in Managerial Equity Incentives on Financial Statement Quality.
Kofi Appiah-Okyere, Syracuse University
Discussant: Neil Bhattacharya, Southern Methodist University

What Explains the "Abnormal Accruals" around Equity Carve-Outs?
Yan Cao, University of Rochester
Discussant: Gregory A. Sommers, Southern Methodist University

8.14 Predicting Financial Distress (Financial Accounting and Reporting)

Moderator: Thomas A. Gavin, University of Tennessee at Chattanooga

The Impact of Incorporating the Cost of Errors into Bankruptcy Prediction Models.
Lawrence A. Weiss, HEC-University of Lausanne; Vedran Capkun, HEC-University of Lausanne
Discussant: Joy Begley, University of British Columbia

Twenty-Five Years of Z-Scores in the U.K.: Do They Really Work?
Vineet Agarwal, Cranfield University; Richard Taffler, Edinburgh University
Discussant: Joy Begley, University of British Columbia

Accruals and Financial Distress.
Troy D. Janes, State University of New York at Buffalo
Discussant: Joy Begley, University of British Columbia

8.15 Pricing Anomalies: Additional Evidence (Financial Accounting and Reporting)

Moderator: Stephen R. Moehrle, University of Missouri–St. Louis

Accruals Anomaly, Value-to-Price Anomaly and Value/Glamour Anomalies: The Same Phenomenon or Related Phenomena?
Gary Taylor, The University of Alabama; Zhaohui Randall Xu, The University of Alabama
Discussant: D. Craig Nichols, Cornell University

Aggregate Accruals and Stock Market Returns.
David Hirshleifer, The Ohio State University; Kewei Hou, The Ohio State University; Siew Hong Teoh, The Ohio State University
Discussant: D. Craig Nichols, Cornell University

Does Financial Distress Drive the Momentum Anomaly?
Vineet Agarwal, Cranfield University; Richard Taffler, Edinburgh University
Discussant: D. Craig Nichols, Cornell University

8.16 Value Relevance of Accounting Numbers (Financial Accounting and Reporting)

Moderator: Luis Betancourt, James Madison University

The Effect of Increased Transparency on Manipulation and Value Relevance of Non-GAAP Disclosures by Real Estate Investment Trusts (REITs).
Bok Baik, Florida State University; Bruce K. Billings, Florida State University; Richard M. Morton, Florida State University
Discussant: Kumar Sivakumar, Boston University

An Experiment in Fair Value Accounting: U.K. Investment Vehicles.
Jo Danbolt, University of Glasgow; William Rees, University of Amsterdam
Discussant: Kumar Sivakumar, Boston University

Value Relevance of Securitization Gains for Commercial Banks: An Empirical Examination of SFAS 140.
Flora F. Niu, Wilfrid Laurier University
Discussant: Kumar Sivakumar, Boston University

8.17 Government and Nonprofit Potpourri (Government and Nonprofit)

Moderator: Kamala R. Raghavan, Robert Morris University

An Empirical Investigation of Changes in Charity Care Spending by Nonprofit Hospitals in Response to Mandatory Threshold Law.
Frances A. Kennedy, Clemson University; Laurie B. McWhorter, Mississipi State University; Jennifer Troyer, The University of North Carolina at Charlotte; Caleb Stroup, The University of North Carolina at Charlotte
Discussant: Charles W. Stanley, Baylor University

Founding Family Influence and Private Foundation Performance.
Brian McAllister, Wichita State University; Arthur Allen, University of Nebraska–Lincoln
Discussant: Christine Petrovits, New York University

The Leviathan Dynamic of Statehood: The Fiscal Effects of Statehood in New Mexico and Arizona, 1880s–1920s.
Stephanie D. Moussalli, Nicholls State University
Discussant: Nazik S. Roufaiel, State University of New York Empire State College

8.18 Archival Accounting Histories (History and Integrative)

Moderator: Gloria L. Vollmers, University of Maine

Juan de Cartagena: Accountant Hero or Villain?
Cynthia L. Krom, Mount Saint Mary College
Discussant: Anthony J. Cataldo, Northeastern University

Personal Property and the Mobile & Ohio Railroad: "…Emancipated by Force of Circumstances" [Accounting Journal Entry—1865].
Dale L. Flesher, University of Mississippi; Gary John Previts, Case Western Reserve University; Andrew D. Sharp, Spring Hill College
Discussant: John Thomas Rigsby, Mississippi State University

The Evolution of AACSB Accounting Accreditation.
Dale L. Flesher, University of Mississippi
Discussant: Rebekah Sheely Heath, Pittsburg State University

8.19 How IT Can Promote and Prevent Fraud and Deception (Information Systems)

Moderator: B. Elisabeth Rossen, Florida Atlantic University/Florida International University

Toward a Model of Online Auction Deception.
Alex Nikitkov, Brock University; Dan Stone, University of Kentucky
Discussant: Dewayne L. Searcy, Auburn University

A Study on Interceptor in Supporting Continuous Monitoring.
Fengyi Lin, Chihlee Institute of Technology; Deron Liang, National Taiwan Ocean University; Soushan Wu, Chang Gung University
Discussant: Jagdish S. Gangolly, State University of New York at Albany

8.20 Audit Quality: International Issues (International Accounting)

Moderator: To Be Announced

International Evidence on the Association between Audit Properties and the Implied Required Rate of Return.
Ole-Kristian Hope, University of Toronto; Tony Kang, Singapore Management University; Wayne Thomas, University of Oklahoma; Yong Keun Yoo, Korea University
Discussant: Jonathan Du, University of Houston–Victoria

Impact of Family Dominance on Monitoring of Earnings Management by Audit Committees: Evidence from Hong Kong.
Bikki Jaggi, Rutgers University; Sidney Chimoon Leung, City University of Hong Kong
Discussant: Mitch McGhee, California State University, Stanislaus

The Impact of Bankruptcy Code on the Value of the Auditor's Going-Concern Opinion to Investors.
Asad Kausar, University of Manchester; Richard J. Taffler, University of Edinburgh; Christine E. L. Tan, Baruch College–CUNY
Discussant: Shawki M. Farag, The American University in Cairo

8.21 International Acounting: Emerging Market Issues (International Accounting)

Moderator: Wanda Mattei, University of Puerto Rico

Disclosure Determinants and Disclosure Level in Listed Egyptian Companies.
Khaled M. Dahawy, The American University in Cairo
Discussant: Lan Guo, Washington State University

Financial Reporting Quality, Disclosure, and Emerging Market Companies' Access to Capital in Global Equity Markets.
Carol Ann Frost, State University of New York at Buffalo; Elizabeth A. Gordon, Rutgers University; Grace Pownall, Emory University
Discussant: Mari Paananen, University of Hertfordshire

Transparency of Fundamental Analysis and Determinants of Shareholder Value in a Transitional Market: Perspectives from Egypt.
Tarek I. Eldomiaty, United Arab Emirates University; Ehab K. A. Mohamed, Sultan Qaboos University; Mohamed H. Azim, United Arab Emirates University; Peter B. Oyelere, Sultan Qaboos University
Discussant: Jeremy Cripps, American University of Kuwait

8.22 Balanced Scorecard (Management Accounting)

Moderator: Mark E. Friedman, University of Miami

The Balanced Scorecard and Capital Budgeting.
James E. Groff, The University of Texas at San Antonio; Marshall K. Pitman, The University of Texas at San Antonio
Discussant: Charles J. Pineno, Shenandoah University

Mental Accounting and the Balanced Scorecard.
M. Elizabeth Haywood, Rider University; Nathan V. Stuart, University of South Florida
Discussant: Gary Hecht, Emory University

Individual and Joint Effects of Balanced Scorecard Incentive Contracts and Business Lifecycle Stage on Managerial Effort and Performance.
Hung-Chao Yu, National Chengchi University; Ella Mae Matsumura, University of Wisconsin–Madison; Sandra Vera-Muńoz, University of Notre Dame
Discussant: Alan Webb, University of Waterloo

8.23 Transfer Pricing (Management Accounting)

Moderator: Rick Young, The Ohio State University

Strategic Allocation of Transfer Pricing Authority.
Hua Lee, The Chinese University of Hong Kong; Ho-Mou Wu, National Taiwan University
Discussant: Birendra Mishra, University of California, Riverside

The Role of Transfer Pricing Schemes in Coordinated Supply Chains.
Kashi R. Balachandran, New York University; Shu-Hsing Li, National Taiwan University; Hsiao-Wen Wang, National Changhua University of Education; Taychang Wang, National Taiwan University
Discussant: Carolyn M. Callahan, University of Arkansas at Fayetteville

8.24 Accountability, Executive Compensation and Governance in Higher Education (Public Interest)

Moderator: Donald Williamson, American University

Panelists:

C. Richard Baker, Adelphi University
Philip F. Jacoby, American University
Susan W. Johnston, Association of Governing Boards of Universities and Colleges
Evan M. Liddiard, The Office of Senator Orrin G. Hatch
Paul F. Williams, North Carolina State University

8.25 Case Studies (Public Interest)

Moderator: Alan A. Cherry, Loyola Marymount University

The Influence of Tenure and the Firm's Performance on CEO's Compensation.
Mahmoud M. Nourayi, Loyola Marymount University; Steven M. Mintz, California Polytechnic State University, San Luis Obispo
Discussant: Daniel A. Cohen, New York University

An Exploratory Study of the Effects of the European Union 8th Directive on Company Law on Audit Committees: Evidence from E.U. Companies Listed on the U.S. Stock Exchanges.
Louis Braiotta, State University of New York at Binghamton; Jian Zhou, State University of New York at Binghamton
Discussant: To Be Announced

8.26 Teaching & Curriculum Related Topics – I (Teaching and Curriculum)

Moderator: David E. Stout, Youngstown State University

Teaching Portfolios: A Tool for Improving the Assessment of Teaching.
Alan Reinstein, Wayne State University; Gerald Lander, University of South Florida
Discussant: Charles G. Carpenter, Francis Marion University

That's the Way the Cookie Crumbles: An Attribute Sampling Application.
Stefanie L. Tate, University of New Hampshire; Barbara M. Grein, Drexel University
Discussant: Bambi A. Hora, University of Central Oklahoma

Improving and Evaluating Student Workplace Writing Skills.
Susan A. Lynn, University of Baltimore; Thomas E. Vermeer, University of Baltimore
Discussant: Kate Mooney, St. Cloud State University

8.27 Presentation of Innovation in Accounting Education Award Paper

Presenting Authors:

Ernest R. Larkins, Georgia State University
Julian Diaz III, Georgia State University

Locating and Evaluating Tax Authority

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