Tuesday, August 7, 2007
2:15 pm - 3:45 pm
5.1 Point-Counterpoint: What's Right and What's Wrong with the Matching Concept?
Moderator: Mort Pincus, University of California, Irvine
Panelists:
George Benston, Emory University
Tom Linsmeier, FASB
5.2 Using Archival Methods to Address Behavioral Questions
Moderator: Brian Hogan, Case Western Reserve University
The Importance of Catering Incentives: Growth or Profitability?
Denys Glushkov, University of Pennsylvania
Discussant: Kimberly M. Sawers, Seattle Pacific University
CEO Power, Governance, and Acquisitions.
Derek Oler, Indiana University; Bradley Olson, University of Lethbridge; Christopher J. Skousen, Utah State University
Discussant: Jose Hernandez, Vrije Univesiteit Amsterdam
Cash Flow, Working Capital Change and Investment in China.
Xiaodong Xu, Shanghai Jiao Tong University; Jeong-Bon Kim, The Hong Kong Polytechnic University; Steven Wang, The Hong Kong Polytechnic University
Discussant: Mohamed Azzim Gulamhussen, Instituto Superior de Ciências do Trabalho e da Empresa
5.3 Continuous Assurance Using Text Mining and State of Continuous Auditing Research
Moderator: Hui Du, University of Houston - Clear Lake
Continuous Auditing: Lessons from Fifteen Years of Putting Theory into Practice.
Michael Alles, Rutgers University; Alexsander Kogan, Rutgers University; Miklos Vasarhelyi, Rutgers University
Continuous Assurance Using Text Mining.
Glen L. Gray, California State University, Northridge; Roger Debreceny, University of Hawai`i at Manoa
Research Streams in Continuous Audit: A Review and Analysis of the Existing Literature.
Amelia Baldwin, The University of Alabama in Huntsville; Carol Brown, Oregon State University; Jeffrey A. Wong, University of Nevada, Reno
5.4 Enhanced Business Reporting: Building on the CEO Vision Statement to Create a 21st Century Reporting Model
Moderator: Miklos Vasarhelyi, Rutgers University
Panelists:
Vicky Arnold, University of Central Florida
Michael J. Lasinski, Ocean Tomo Investment Bank
Bob Laux, Microsoft
Georgene Palacky, CFA Institute
Steve Sutton, University of Central Florida
5.5 Book-Tax Differences and Financial Disclosures
Moderator: Sean T. McGuire, University of Georgia
Do Firms Eat Their Cookies before FIN 48 Reveals the Cookie Jar?
Jennifer Blouin, University of Pennsylvania; Cristi Gleason, The University of Iowa; Lillian Mills, The University of Texas at Austin; Stephanie Sikes, The University of Texas at Austin
Discussant: Janet W. Tillinger, Texas A&M University-Corpus Christi
Do Firms Use Tax Cushion Reversals to Meet Earnings Targets?
Sanjay Gupta, Michigan State University; Rick Laux, Arizona State University
Discussant: Belinda Charlene Henderson, University of Arkansas
Taxable Income as a Performance Measure: The Effects of Tax Planning and Earnings Quality.
Benjamin C. Ayers, University of Georgia; John (Xuefeng) Jiang, Michigan State University; Stacie K. Laplante, University of Georgia
Discussant: Kelly McKillop, University of Massachusetts
5.6 Corporate Taxation
Moderator: Raquel M. Alexander, University of Kansas
A Study of Early and Later Compliers with Section 162(m): Different Firms with Different Motivations?
Peter D. Woodlock, Youngstown State University
Discussant: Gerald P. Weinstein, John Carroll University
Shareholder Taxes and Corporate Philanthropy.
Dhammika Dharmapala, University of Connecticut and University of Michigan; Sanjay Gupta, Michigan State University
Discussant: Kirsten A. Cook, Texas A&M University
Tax Income Momentum.
Jacob K. Thomas, Yale University; Frank X. Zhang, Yale University
Discussant: D. Larry Crumbley, Louisiana State University
5.7 The Overlap of Accounting, Auditing, and Taxation Disclosure and Compliance Issues: How Increased Transparency is Affecting Corporate Reporting
Moderator: Cherie J. Hennig, Florida International University
Panelists:
Galand Brunson, Director Tax Services
J. Ralph Byington, University of South Carolina
Richard G. Larsen, Global Director of Tax Risk Services, Ernst &Young
Harve M. Lewis, Senior Manager National Tax Practice, KPMG
5.8 Audit Firm Issues
Moderator: Larry R. Davis, Michigan Tech University
The Impact of Office-Level versus Firm-Level Auditors' Industry Expertise on Conservatism.
Keith Jones, George Mason University; Gopal V. Krishnan, George Mason University; Kevin D. Melendrez, Louisiana State University
Discussant: Karla Johnstone, University of Wisconsin-Madison
Productivity Growth in Public Accounting Industry: The Role of Information Technology and Human Capital.
Hsihui Chang, Drexel University; Jengfang Chen, National Cheng Kung University; Rong-Ruey Duh, National Taiwan University; Shu-Hsing Li, National Taiwan University
Discussant: Elaine Mauldin, University of Missouri Columbia
Auditor Industry Specialization and Client Cost of Equity.
Chan Li; Qian Wang
Discussant: Thomas C. Omer, Texas A&M University
5.9 Ethics and Fraud
Moderator: Brad A. Schafer, University of South Florida
The Pursuit of Profits: How Ethics and Targets Influence Corporate Fraud.
Jose R. Hernandez, Vrije Universiteit Amsterdam; Tom Groot, Vrije Universiteit Amsterdam
Discussant: Dorothy A. McMullen, Rider University
Monitoring by Auditors: Case of Public Housing Authorities.
Barbara Grein, Drexel University; Stefanie L. Tate, University of New Hampshire
Discussant: Julia Higgs, Florida Atlantic University
Auditor Fees and Fraud Firms.
Rebecca L. Rosner, Long Island University, C.W. Post Campus; Ariel Markelevich, Long Island University, C.W. Post Campus
Discussant: Albert Nagy, John Carroll University
5.10 Modeling Going Concern and Non-Audit Services
Moderator: Rajib Doogar, UIUC
The Effects of Auditors' Provision of Nonaudit Services on an Audit Engagement.
Chia-Chi Lu, National Chengchi University; Yu-Lin Chen, National Chengchi University
Discussant: Reed Smith, Indiana University
The Role of Consulting Services on Audit Market and Market Welfare.
Sebahattin Demirkan, The University of Texas at Dallas
Discussant: Minlei Ye, University of British Columbia
The Structural Agency Solution to Determine Going Concern Status.
Ren-Raw Chen, Rutgers University; Hsuan-Chu Lin, National Cheng Kung University; Michael Long, Rutgers University
Discussant: Martin G. H. Wu, University of Illinois
5.11 Research Analysis and Audit Theory
Moderator: Chad Simon, University of Georgia
Review of Choice Based and Matched Sample Studies In Auditing Research.
Donald P. Cram, Unaffiliated; Iris Stuart, California State University, Fullerton; Vijay Karan, California State University, Fullerton
Discussant: Ya-Wen Yang, University of Miami
The Need for Principles-Based Standards and an Enhanced Conceptual Framework for Financial Statement Audits.
James E. Rebele, Robert Morris University; Elise A. Boyas, Robert Morris University
Discussant: Yi-Jing Wu, University of South Carolina
A Summary of Research and Enforcement Release Evidence on Confirmation Use and Effectiveness.
Paul Caster, Fairfield University; Randy Elder, Syracuse University; Diane Janvrin, Iowa State University
Discussant: Timothy J. Fogarty, Case Western Reserve University
5.12 Accounting Earnings
Moderator: Dahlia Robinson, Arizona State University
Does Derivative Use Enhance Earnings Quality and Value Relevance of Earnings? Evidence from Emerging Market.
Chih-Liang Julian Liu, National Taiwan University; Shu-Miao Lai, National Chengchi University
Discussant: Ola M. Smith, Western Michigan University
Exploring the Direct and Indirect Relationship between R&D Collaboration and Firm Performance.
Cheng-Jen Huang, National Chengchi University and Tunghai University
Discussant: Daniel C. Benco, Southeastern Oklahoma State University
5.13 Teaching the Gen-Y Student
Moderator: Nancy A. Bagranoff, Old Dominion University
Presenter:
Laurie Henry, Old Dominion University
Stan Smith, Deloitte
5.14 Accounting Information and Cost of Capital
Moderator: Arianna S. Pinello, Georgia State University
Cost of Equity and Accounting Conservatism.
Juan Manuel García Lara, Universidad Carlos III De Madrid; Beatriz García Osma, Universidad Autónoma De Madrid and Lancaster University; Fernando Penalva, IESE Business School
Discussant: Per Olsson, Duke University
Is Information Risk (PIN) Priced?
Partha Mohanram, Columbia University; Shiva Rajgopal, University of Washington
Discussant: Per Olsson, Duke University
Operating Risk, Information Risk, and Cost of Capital.
Michelle Liu, The Pennsylvania State; Peter Wysocki, Massachusetts Institute of Technology
Discussant: Per Olsson, Duke University
5.15 Debt Pricing
Moderator: Joy Begley, University of British Columbia
CEO Incentives and the Cost of Debt.
Ken Shaw, University of Missouri
Discussant: Jeff Yu, Massachusetts Institute of Technology
The Impact of Information Asymmetry on Debt Pricing and Maturity.
Regina Wittenberg-Moerman, University of Pennsylvania
Discussant: Jeff Yu, Massachusetts Institute of Technology
Accounting Restatements and the Cost of Debt Capital.
Charles Shi, University of California, Irvine; William Zhang, Lehigh University
Discussant: Jeff Yu, Massachusetts Institute of Technology
5.16 Earnings Management
Moderator: Dahlia Robinson, Arizona State University
Earnings Management, Lawsuits, and Stock-for-Stock Acquirers' Market Performance.
Henock Louis, The Pennsylvania State University
Discussant: Sugata Roychowdhury, Massachusetts Institute of Technology
The Impact of a Heterogeneous Accrual-Generating process on Empirical Accrual Models.
Nicholas Dopuch, Washington University; Raj Mashruwala, Washington University; Chandra Seethamraju, Mellon Capital Management; Tzachi Zach, Washington University in St. Louis
Discussant: Sugata Roychowdhury, Massachusetts Institute of Technology
Buying Growth: Low Quality Earnings as a Motivation for Acquisitions.
Patricia Fairfield, Georgetown University; Lee Pinkowitz, Georgetown University; Vicki Wei Tang, Georgetown University
Discussant: Sugata Roychowdhury, Massachusetts Institute of Technology
5.17 Earnings Quality
Moderator: Mikhail Pevzner, George Mason University
The Existence of, and Earnings Quality Explanations for, the Private Company Discount.
Gus De Franco, University of Toronto; Ilanit Gavious, Ben-Gurion University; Justin Jin, University of Toronto; Gordon D. Richardson, University of Toronto
Discussant: John R. M. Hand, The University of North Carolina at Chapel Hill
Do Internal Control Reforms Improve Earnings Quality?
Jennifer L. M. Altamuro, The Ohio State University; Anne L. Beatty, The Ohio State University
Discussant: John R. M. Hand, The University of North Carolina at Chapel Hill
5.18 Executive Pension Plans
Moderator: Erin A. Moore, Lehigh University
Accounting Discretion, Horizon Problem, and CEO Retirement Benefits.
Pavlo Kalyta, University of Ottawa
Discussant: Joe Comprix, Arizona State University
CEO Pensions: Disclosure, Rent Extraction, and Incentive Contracting.
Joseph John Gerakos, University of Pennsylvania
Discussant: Joe Comprix, Arizona State University
Do Highly Compensated Participants Influence the Management of Qualified Pension Plans?
Sharad C. Asthana, The University of Texas at San Antonio
Discussant: Joe Comprix, Arizona State University
5.19 Institutional Investors
Moderator: Nicole Thorne Jenkins, Washington University
Impact of Institutional Investors as Lead Plaintiffs on Litigation Outcomes, Board Independence, and Earnings Management.
C. S. Agnes Cheng, Louisiana State University/University of Houston; Henry Huang, Butler University; Yinghua Li, Purdue University; Gerald Lobo, University of Houston
Discussant: Shyam V. Sunder, Northwestern University
Accrual Management and Institutional Trading.
Steven Balsam, Temple University; Wen He, University of New South Wales; Srinivasan Sankaraguruswamy, National University of Singapore
Discussant: Shyam V. Sunder, Northwestern University
Institutional Monitoring and Corporate Restructurings.
Rowland Atiase, The University of Texas at Austin; William Mayew, Duke University; Yanfeng Xue, The University of Texas at Austin
Discussant: Shyam V. Sunder, Northwestern University
5.20 Voluntary Disclosure
Moderator: Mark Kohlbeck, Florida Atlantic University
Costs and Benefits of Disclosure Changes.
Chia-Chun Hsieh, University of British Columbia
Discussant: Xia Chen, University of British Columbia
Voluntary Disclosures in Earnings Announcements and Coincident Market Reactions.
Orie Barron, The Pennsylvania State University; Donal Byard, Baruch College-CUNY; Yong Yu, The University of Texas at Austin
Discussant: Xia Chen, University of British Columbia
Inventory Increases, MD&A Disclosures, and Firm Performance.
Yan Sun, Washington University in St. Louis
Discussant: Xia Chen, University of British Columbia
5.21 Performance Reporting in Government and Nonprofit Sectors
Moderator: G. Robert Smith, Jr., Middle Tennessee State University
Voluntary Performance Reporting of Service Efforts and Accomplishments (SEA) by State Agencies.
Rita H. Cheng, University of Wisconsin-Milwaukee; Kenneth A. Smith, Willamette University; Ola M. Smith, Western Michigan University
Discussant: Lee Schiffel, SUNY at Genesee
The Effect of Ownership Structure on Financial and Non-Financial Performance of Hospitals.
Pervaiz Alam, Kent State University; Essam Elshafie, The University of Texas at Brownsville; David Jarjoura, The Ohio State University
Discussant: Susan Cammack, Cameron University
The Determinants of Efficiency Factors in Public Hospitals.
Rabih Y. Zeidan, University of Houston; Saleha B. Khumawala, University of Houston
Discussant: Ola M. Smith, Western Michigan University
5.22 IFRS
Moderator: Mohamed Onsi, Syracuse University
Constituent Participation and the IASB's International Financial Reporting Interpretations Committee.
Robert K. Larson, University of Dayton
Discussant: Maureen P. Gowing, University of Windsor
The Voluntary Adoption of International Accounting Standards and Loan Pricing around the World.
Jeong-Bon Kim, Concordia University and The Hong Kong Polytechnic University; Judy S. L. Tsui, The Hong Kong Polytechnic University; Cheong H. Yi, The Hong Kong Polytechnic University
Discussant: Christopher D. Hodgdon, University of Vermont
An Empirical Assessment of IFRS No.16 "Property, Plant, and Equipment."
Zhemin Wang, University of Wisconsin-Parkside; Zhijun Lin, Hong Kong Baptist University; Zheng Wang, California State University, San Marcos; John Eichenseher, University of Wisconsin-Madison; Fang Zhang, Chinese University of Hong Kong
Discussant: Gyung H. Paik, Brigham Young University
5.23 Japanese Accounting
Moderator: Kazuo Hiramatsu, Kwansei Gakuin University
Panelists:
Tsuguoki (Aki) Fujinuma, Immediate Past Chairman and President of the Japanese Institute of Certified Public Accountants
"Restoring Public Confidence on Auditing and Planned Revision of the CPA Law"
Junichi Maruyama, Deputy Commissioner for International Affairs
Financial Services Agency
"Japanese Efforts towards the Global Convergence of Accounting Standards"
Toshifumi Takada, Tohoku University
"Standards of Internal Control: Some Features of Japanese Internal Control Audit"
5.24 Value Relevance
Moderator: Mine H. Aksu, Sabanci University
The Development of Value Relevance of IAS and IFRS over Time: The Case of Germany.
Henghsiu Lin, University of Portland; Mari Paananen, University of Hertfordshire
Discussant: Patricia Poli, Fairfield University
Are Components of Reconciliations to International Financial Reporting Standards Useful to Investors?
John Goodwin, The Hong Kong Polytechnic University; Kamran Ahmed, La Trobe University; Richard Heaney, RMIT University
Discussant: Obeua S. Persons, Rider University
Corporate Transparency and Inter-Industry Growth Rates and Asset Allocation.
Jere R. Francis, University of Missouri-Columbia; Inder K. Khurana, University of Missouri-Columbia; Raynolde Pereira, University of Missouri-Columbia; Shawn Huang, University of Missouri-Columbia
Discussant: Takashi Yaekura, Hosei University
5.25 Electronic Commerce Systems
Moderator: Lois Mahoney, Eastern Michigan University
The Use of Digital Interfaces to Convey Social Presence in Online Exchanges.
Robin L. Wakefield, Baylor University; Kirk L. Wakefield, Baylor University; Julie Baker, Texas Christian University; Liz C. Wang, The University of Texas at Arlington
Discussant: Jacob Peng, University of Michigan, Flint
Online Auction Fraud: An Empirical Analysis of Shill-Bidding Practice.
Darlene Bay, Brock University; Alexei N. Nikitkov, Brock University
Discussant: Dewayne Searcy, Auburn University
Website Governance Environment and Web-Based Corporate Reporting: A Conceptual Framework.
Sylvie Héroux, Université Du Québec à Montréal
Discussant: Alexei Nikitkov, Brock University
5.26 Budgetary Control and Performance Measurement
Moderator: Kay M. Poston, South University
Budget Functions and Firm Performance: Survey and Archival Evidence.
Wei-Heng Lin, Chung Yuan Christian University; Chung-Yuan Hsu, National Cheng-Chi University; Chao-Jung Chen, National Cheng-Chi University
Discussant: Amal Said, University of Toledo
An Examination of the Effects of Budgetary Control on Operational and Bond Market Performance: Evidence from School Districts.
Carolyn M. Callahan, University of Arkansas; Tammy R. Waymire, University of Arkansas
Discussant: Leslie G. Eldenburg, University of Arizona
Budgets, Internal Reports and Forecast Accuracy.
Gavin Cassar, University of Pennsylvania; Brian Gibson, Murdoch University
Discussant: Carolyn M. Callahan, University of Arkansas
5.27 Control and Decision Making (Experimental Studies)
Moderator: Sean A. Peffer, University of Kentucky
Principles, Conformity, and Controls.
William B. Tayler, Cornell University; Robert J. Bloomfield, Cornell University
Discussant: Gary Hecht, Emory University
Real Options and Escalation of Commitment: A Behavioral Analysis of Capital Investment Decisions.
Christine A. Wilkinson, Iowa State University
Discussant: Kristy Towry, Emory University
5.28 Incentive Alignment (Archival)
Moderator: Shuo Wu, University of British Columbia
Discretion and the Complexity of Simple Incentive Contracts.
Felix Hoppe, Maastricht University; Frank Moers, Maastricht University
Discussant: Nathan V. Stuart, University of South Florida
Contemporaneous and Forward-Looking Measures: Implications for Incentive Structure for Long-Horizon Employees.
Dipankar Ghosh, University of Oklahoma; Anne Wu, National Chengchi University; Ling-Chu Lee, National Pingtung Institute of Commerce
Discussant: Frank Moers, Maastricht University
Equity Incentives and Long-Term Value Created by SG&A Expenditure.
Rajiv Banker, Temple University; Rong Huang, Baruch College-CUNY; Ram Natarajan, The University of Texas at Dallas
Discussant: Frank Moers, Maastricht University
5.29 Ethics and Decision Making
Moderator: Pamela Roush, University of Central Florida
Moral Identity as a Moderator of Perceived Whistle Blowing under Threat of Retaliation, No Protection, and No Reward.
Deborah L. Seifert, Illinois State University; William W. Stammerjohan, Louisiana Tech University
Discussant: Charles D. Bailey, The University of Memphis
Accountants' Cognitive Styles and Ethical Reasoning: A Comparison Spanning Fifteen Years.
Mohammad J. Abdolmohammadi, Bentley College; Jane Fedorowicz, Bentley College; Ophera Davis, Davis Consulting
Discussant: Charles D. Bailey, The University of Memphis
Whistleblowing: The Factors that Contribute to Accountants Reporting Questionable Dilemmas.
Tara J. Shawver, King's College; Lynn H. Clements, Florida Southern College
Discussant: Charles D. Bailey, The University of Memphis
5.30 Public Interest Case Analyses
Moderator: Heli Marjut Hookana, Turku School of Economics
Accountability Re-Examined: Evidence from Hull House.
Leslie Oakes, University of New Mexico; Joni J. Young, University of New Mexico
Discussant: Stephanie D. Moussalli, University of West Florida
Inside Agency: The Rise And Fall of Nortel.
Timothy J. Fogarty, Case Western Reserve University; Michel Magnan, Concordia University; Garen Markarian, Instituto Empresa; Serge Bohdjalian, Concordia University
Discussant: Stephanie D. Moussalli, University of West Florida
5.31 Ethics Education
Moderator: J. Douglas Frazer, Millersville University of Pennsylvania
Can Students' Perceptions of Professional Ethics Be Influenced? An Examination of Three Small Colleges.
James R. Davis, Anderson University; Lynnette S. Smyth, Gordon College; Charles O. Kroncke, College of Mount St. Joseph
Discussant: Noel Addy, Mississippi State University
Accounting Ethics Education and Class Participants' Personality Differences.
Alireza Daneshfar, University of New Haven
Discussant: Noel Addy, Mississippi State University
An Exploratory Study Assessing Ethics Modules in an Advanced Accounting Course.
Tara J. Shawver, King's College
Discussant: J. Douglas Frazer, Millersville University of Pennsylvania
5.32 Teaching Accounting Principles
Moderator: Sara Rushinek, University of Miami
Factors Affecting Performance in Introductory Financial Accounting and the Decision to Major in Accounting.
Stuart H. Jones, University of Calgary; Michael Wright, University of Calgary
Discussant: Fatima A. Alali, New York Institute of Technology
Student Engagement in a First-Year Accounting Course.
David Bond, University of Technology Sydney
Discussant: Keith R. Duncan, Bond University
The Interaction of Teaching and Learning Styles in the Second Introductory Accounting Course.
Philip R. Olds, Virginia Commonwealth University; Roxanne M. Spindle, Virginia Commonwealth University; Sandra J. Cereola, Virginia Commonwealth University
Discussant: Nazik S. Roufaiel, SUNY at Empire State College
5.33 Teaching International Accounting
Moderator: Shawki M. Farag, The American University
Actions Speak Louder than Words: A Case Study on Corporate Governance and the International Ramifications of Sarbanes-Oxley.
Lizabeth Austen, East Carolina University; John T. Reisch, East Carolina University; Larry P. Seese, East Carolina University
Discussant: Siva Nathan, Georgia State University
International Accounting: A Case Study Featuring the Conceptual Framework.
Jacqueline Louise Birt, Australian National University; Dean Katselas, Australian National University
Discussant: Siva Nathan, Georgia State University
Performance Evaluation and Foreign Exchange Risk in Brazil: The Case of Eastland Electronics.
Lee Radebaugh, Brigham Young University; Monte Swain, Brigham Young University
Discussant: Ramesh Narasimhan, Montclair State University
5.34 How Accounting Educators in Two-Year Schools Can Benefit from MERLOT (Multimedia Educational Resource for Learning and Online Teaching)
Moderator: Thomas P. Moncada, Eastern Illinois University
Panelists:
Carol M. Jessup, University of Illinois at Springfield
Susan M. Moncada, Indiana State University
Michael A. Seda, Shaw University
Ingrid Ulstad, University of Wisconsin-Eau Claire