Wednesday, August 8, 2007
10:30 am - 12:00 noon
7.1 360 Degrees of Financial Literacy: Programs and Responses to a Growing Public Issue
Moderator: Carl George, Chair, National CPA Financial Literacy Commission; CEO, Clifton Gunderson
Panelists:
Peggy Dzierzawski, Michigan Association of CPAs
Janice Maiman, AICPA
Clar Rosso, California Society of CPAs
7.2 Accounting, Institutions, and Economic Growth
Moderator: Chandra Kanodia, University of Minnesota
Panelists:
Robert Bushman, University of North Carolina
Ronald Dye, Northwestern University
T. J. Wong, The Chinese University of Hong Kong
7.3 From the Lab to the Virtual World
Moderator: Robert Bloomfield, Cornell University
Panelists:
James Grimmelmann, New York University Law School
John List, University of Chicago
7.4 Investor Behavior—Session B
Moderator: Pamela Roush, University of Central Florida
Using Cognitive Load Theory to Explain the Accrual Anomaly.
Max R. Hewitt, Indiana University
Discussant: Chad Stefaniak, The University of Alabama
The Effects of Management Disclosure Decisions on Venture Capitalist Investment Screening Judgment.
Damon M. Fleming, San Diego State University
Discussant: Raquel M. Alexander, University of Kansas
The Impact of Investors' Status on Their Evaluation of Positive and Negative, Past and Future Information.
Anna M. Cianci, Drexel University; Stephen K. Asare, University of Florida; Diana Falsetta, University of Miami
Discussant: Arianna S. Pinello, Georgia State University
7.5 Issues Affecting Firm Performance and Dividend Policy
Moderator: Mary B. Curtis, University of North Texas
Corporate Governance and Dividend Policy: Shareholders' Protection or Expropriation?
Fodil Adjaoud, University of Ottawa; Walid Benamar, University of Ottawa Canada
Discussant: Melissa Anne Martin, University of Southern California
The Effects of Performance Measurement Diversity and Participation Congruence on Organizational Performance.
Yeun-Wen Chang, National Taichung Institute of Technology; Ruey-Dang Chang, National Sun Yat-Sen University; Ching-Ping Chang, National Sun Yat-Sen University
Discussant: Darcy Becker, University of Wisconsin-Eau Claire
Erroneous Accounting Information and the Efficiency of Industry Investment.
Claudine Mangen, Concordia University; Artyom Durnev, McGill University
Discussant: Arinola O. Adebayo, University of South Carolina
7.6 Increasing the Supply of Ph.D. Faculty in Accounting—Possible Solutions
Moderator: Frances Ayres, University of Oklahoma
Panelists:
Mohammad Abdolmohammadi, Bentley College
Bill Ezzell, Deloitte and AICPA
Mark Peecher, University of Illinois
David Plumlee, University of Utah
Judy Rayburn, University of Minnesota
Kevin Stocks, Brigham Young University
7.7 Capital Gains and Taxes
Moderator: Gerald P. Weinstein, John Carroll University
Capital Gains Taxes and IPO Underpricing.
Katrina Ellis, University of California, Davis; Oliver Zhen Li, University of Notre Dame; John R. Robinson, The University of Texas at Austin
Discussant: Leslie Anne Robinson, Dartmouth College
Omitted Variable Bias in Time Series Estimates of Capital Gains Realizations.
George Plesko, University of Connecticut
Discussant: Thomas C. Omer, Texas A&M University
Capital Gains Taxes, Pricing Spreads and Arbitrage: Evidence from Cross-Listed Firms in the U.S.
Jennifer Blouin, University of Pennsylvania; Luzi Hail, University of Pennsylvania; Michelle Higgins Yetman, University of California, Davis
Discussant: William J. Moser, University of Missouri-Columbia
7.8 Audit Committee Characteristics
Moderator: Jonathan H. Grenier, University of Illinois at Urbana-Champaign
Association between Independent Audit Committee Members' Human-Resource Features and Underpricing: The Case of Singapore IPOs from 1997-2004.
J-L. W. Mitchell Van Der Zahn, Curtin University of Technology; Inderpal Singh, Curtin University of Technology; Greg Tower, Curtin University of Technology
Discussant: Chris Hogan, Michigan State University
Accruals Quality, Firm Valuation and Audit Committee Accounting Expert Appointments.
Vic Naiker, University of Auckland
Discussant: Donald Kent, SUNY at Brockport
Weak Internal Controls, Auditor Fees, and Shareholder Dissatisfaction.
Zhongxia (Shelly) Ye, Kennesaw State University; Jagan Krishnan, Temple University
Discussant: Andrew J. Felo, Pennsylvania State Great Valley
7.9 Auditor's Interactions with Management and Standards
Moderator: Jeremy Cripps, American University of Kuwait
Auditors' Error Handling, Error Orientation, and Audit Organizations' Error Climate.
F. Ulfert Gronewold, Ruhr University Bochum; Michaela Donle, University of Potsdam and Stiftung Warentest
Discussant: Marsha Keune, University of Wisconsin-Madison
The Auditor's Negotiation Strategy Selection: Nature of the Auditor-Client Management Relationship and Flexibility of Initial Accounting Position.
Michael Gibbins, University of Alberta; Susan McCracken, University of Toronto; Steve Salterio, Queen's University
Discussant: Dana P. Garner, Virginia Polytechnic Institute & State University
Plain Paper Statements: Did SSARS No. 8 Meet Its Purpose?
Brian Patrick Green, University of Michigan-Dearborn; Alan Reinstein, Wayne State University; Cathleen Miller, Wayne State University
Discussant: Joshua Herbold, University of Montana
7.10 Accounting Regulation
Moderator: Melissa Anne Martin, University of Southern California
Is Standard & Poor's Core Earnings Useful: Evidence from Bankruptcy Prediction.
Mark C. Dawkins, University of Georgia; Dahlia Robinson, Arizona State University; Michael Dugan, The University of Alabama
Discussant: John D. Rossi, Moravian College
The Impact of Auditor Resignation and Dismissal Trends on the Profession.
Lisa A. Owens-Jackson, Clemson University; Diana R. Robinson, North Carolina A&T State University; Sandra Waller Shelton, DePaul University
Discussant: Andrea Alston Roberts, Boston College
7.11 Analytical Modeling of Earnings Quality
Moderator: Rajib Doogar, University of Illinois at Urbana-Champaign
Earnings' Quality and Smoothing.
Michael T. Kirschenheiter, Purdue University; Nahum D. Melumad, Columbia University
Discussant: Edwige Cheynel, Ph.D. Student at Carnegie Mellon University
Toward More Functional Definitions of Relevance and Reliability Away from Abstract Economic Phenomena.
Myojung Cho, Fordham University; Oliver Kim, University of Maryland; Steve Lim, Texas Christian University
Discussant: Edwige Cheynel, Ph.D. Student at Carnegie Mellon University
Inter-Temporal Dynamics of Corporate Voluntary Disclosures.
Eti Einhorn, Tel Aviv University; Amir Ziv, Columbia University
Discussant: Edwige Cheynel, Ph.D. Student at Carnegie Mellon University
7.12 Competing Information Sources
Moderator: Heibatollah Sami, Lehigh University
Do Pennies Matter? Investor Relations Consequences of Small Negative Earnings Surprises.
Richard Frankel, Washington University in St. Louis; William Mayew, Duke University; Yan Sun, Washington University in St. Louis
Discussant: Benjamin Nelson Lansford, Northwestern University
The Effects of Concurrent Earnings Releases and Calendar-Time Clustering on the Information Content of Periodic SEC Filings.
Edward Xuejun Li, Michigan State University; K. Ramesh, Michigan State University
Discussant: Benjamin Nelson Lansford, Northwestern University
The Role of the Business Press as an Information Intermediary.
Brian J. Bushee, University of Pennsylvania; John E. Core, University of Pennsylvania; Wayne Guay, University of Pennsylvania; Jihae W. Hamm, University of Pennsylvania
Discussant: Benjamin Nelson Lansford, Northwestern University
7.13 Consequences of Conservative Accounting
Moderator: Jane M. Weiss, Washington & Lee University
Accounting Conservatism and Managers' Forecasting Behavior.
Zining Li, University of Minnesota/Southern Methodist University
Discussant: Matthew M. Wieland, University of Georgia
Evidence on the Benefits of Accounting Conservatism in Corporate Governance.
Anwer S. Ahmed, Texas A&M University; Scott Duellman, SUNY at Binghamton
Discussant: Matthew M. Wieland, University of Georgia
The Role of Accounting Conservatism, Contracting, and Monitoring in Mitigating Agency Problems: A Simultaneous Equations Approach.
Xinrong Qiang, University of Wyoming
Discussant: Matthew M. Wieland, University of Georgia
7.14 Imagined Pasts and Imagined Futures: The Fundamental Problems of Measurement
Moderator: Ray Ball, University of Chicago
Panelists:
Robert Hodgkinson, Institute of Chartered Accountants in England and Wales
Ross L. Watts, Massachusetts Institute of Technology
7.15 Strategic Disclosure
Moderator: Shuo Wu, University of British Columbia
The Frequency of Mutual Fund Portfolio Disclosure.
Weili Ge, University of Washington; Lu Zheng, University of California, Irvine
Discussant: Devin Shanthikumar, Harvard University
Stealth Disclosure of Accounting Irregularities: Is Silence Golden?
Edward P. Swanson, Texas A&M University; Senyo Tse, Texas A&M. University; Rebecca L. Wynalda, Texas A&M University
Discussant: Devin Shanthikumar, Harvard University
The Timing of Earnings Announcements: An Examination of the Strategic-Disclosure Hypothesis.
Jeffrey Doyle, Utah State University; Matthew Magilke, University of Utah
Discussant: Devin Shanthikumar, Harvard University
7.16 Governance, Budgeting and Financial Reporting in Local Governments
Moderator: William D. Stout, University of Louisville
Determinants of Municipal Audit Committees.
William R. Baber, The George Washington University; Angela K. Gore, University of Oregon; Kevin T. Rich, University of Oregon; Jean X. Zhang, The George Washington University
Discussant: Royce D. Burnett, University of Miami
Internet Financial Reporting in EU Local Governments. Is ICTs Leading to a Global Convergence?
Vicente Pina, University of Zaragoza; Lourdes Torres, University of Zaragoza; Sonia Royo, Assistant Professor University of Zaragoza
Discussant: Evelyn McDowell, Rider University
Strategic Budgeting in Public Schools: Managing the Price of Quality.
Audrey G. Taylor, Western Washington University; Tamara K. Kowalczyk, Appalachian State University
Discussant: Nazik S. Roufaiel, SUNY at Empire State College
7.17 Business Combinations
Moderator: Donald P. Pagach, North Carolina State University
Accounting for Business Combinations: A Comparative Analysis of IASB, FASB, and Chinese Financial Reporting Standards.
C. Richard Baker, Adelphi University; Yuri Biondi; Qiusheng Zhang
Discussant: Gyung H. Paik, Brigham Young University
Information Asymmetry in International Acquisitions: The Role of Information Institutions.
Jeff Jiewei Yu, Massachusetts Institute of Technology; Jessie Qi Zhou, Southern Methodist University
Discussant: Lisa Hersrud, University of Oregon
The Relationship between Systematic Risk and International Diversification: An Empirical Inquiry.
Kingsley O. Olibe, Kansas State University; Augustine C. Arize, Texas A&M University; James Calvin Flagg, Texas A&M University
Discussant: Don Pagach, North Carolina State University
7.18 Earnings Components
Moderator: Konrad E. Gunderson, Missouri Western State University
The Behavior of Small Traders around Earnings Announcements: An Empirical Evidence from Japan.
Kazuhisa Otogawa, Kobe University; Hiromi Wakabayashi, Konan University
Discussant: Kevin Sun, University of Hawai`i
Controlling Performance Measures in Discretionary Accruals Estimation: A Comparison of Different Approaches.
Wei-Heng Lin, Chung Yuan Christian University; Chia-Hsuan Tseng, National Chengchi University
Discussant: Siqi Li, University of Southern California
Voluntary Accounting Disclosures by U.S.-Listed Asian Companies.
Gaurav Kumar, University of Arkansas at Little Rock; W. Mark Wilder, University of Mississippi; Morris H. Stocks, University of Mississippi
Discussant: Thomas D. Schultz, Miami University
7.19 Emerging Markets
Moderator: Roger Hussey, University of Windsor
Investor Protection, Income Smoothing, and Earnings Informativeness.
Steven F. Cahan, University of Auckland; Guoping Liu, Ryerson University; Jerry Sun, University of Windsor
Discussant: Yong G. Lee, University of Houston-Victoria
Corporate Governance, Investor Protection, and Auditor Choice in Emerging Markets.
Mahmud Hossain, Nanyang Technological University; Chee Yeow Lim, Nanyang Technological University; Patricia M. S. Tan, Nanyang Technological University
Discussant: Jose Hernandez, Vrije Univesiteit
Does Financial Statement Analysis Generate Abnormal Returns Under Extremely Adverse Conditions?
Alexsandro Broedel Lopes, Universidade De São Paulo and Manchester Business School; Fernando Caio Galdi, Fucape Business School and Universidade De São Paulo
Discussant: Wede E. Brownell, University of Central Oklahoma
7.20 Financial Reporting
Moderator: Cheryl L. Linthicum, The University of Texas at San Antonio
Controlling the Controllers: The Impact of Legal Protections and Corporate Governance Structures on Investor Reactions to International Earnings.
Chen-Lung Chin, National Chengchi University; Gary Kleinman, Touro College; Picheng Lee, Pace University; Yu-Ju Chen, Asia University
Discussant: Mahmud Hossain, Nanyang Technological University
Shades of Gray: An Empirical Examination of Gray's Model of Culture and Income Measurement Practices Using 20 F Data.
Phillip A. Lewis, Eastern Michigan University; Stephen B. Salter, University of Cincinnati
Discussant: Mostafa M. Maksy, Northeastern Illinois University
Does Harmonization of Accounting Standards Lead to the Harmonization of Accounting Practices? A Study from China
Songlan Peng, York University; Rasoul Tondkar, Virginia Commonwealth University; Joyce Van Der Laan Smith, Virginia State University; David Harless, Virginia Commonwealth University
Discussant: Carolyn M Callahan, University of Arkansas-Fayetteville
7.21 Information Technology and Accounting Education
Moderator: Keith E. Harrison, Truman State University
Selling Out at Daytona Dreams Restaurant: Linking Accounting Systems with Business Valuation.
Vincent J. Shea, Kent State University; Kevin E. Dow, Kent State University; Bobby E. Waldrup, University of North Florida
Discussant: Robert D. Slater, Texas A&M Corpus Christi
XBRL-Enabled Financial Statement Analysis.
Eileen Z. Taylor, North Carolina State University; Ann C. Dzuranin, University of South Florida
Discussant: Diane Janvrin, Iowa State University
User Perceptions of Accounting Career Information Websites.
Diane Janvrin, Iowa State University; Robert Gary, Iowa State University; Anne Clem, Iowa State University
Discussant: M. George Durler, Emporia State University
7.22 The Challenges of Managing and Controlling Information Systems in a SOX Environment
Moderator: Glen L. Gray, California State University, Northridge
Panelists:
Gary Bannister, Jefferson Wells International
Mike Garber, Motorola Inc.
Roger S. Debreceny, University of Hawai`i at Manoa
7.23 Earnings Management (Archival Studies)
Moderator: Juan Manuel Sanchez, University of Arkansas
Is CEO Compensation Shielded from Overproduction?
Long Chen, Washington University in St. Louis
Discussant: Michal Matejka, University of Michigan
Managing Earnings by Manipulating Inventory: The Effects of Valuation Method and Cost Structure.
Kirsten A. Cook, Texas A&M University; George Ryan Huston, Texas A&M University; Michael R. Kinney, Texas A&M University
Discussant: Wenli Huang, Boston University
Transient Institutional Ownership, Firm Performance, and CEO Cash Compensation and Career Concern.
Juan Wang, Singapore Management University
Discussant: Wenli Huang, Boston University
7.24 Motivating Performance (Experimental Studies)
Moderator: W. Timothy Mitchell, University of Kentucky
The Balanced Scorecard as a Strategy-Evaluation Tool: The Effects of Responsibility and Causal-Chain Focus.
William B. Tayler, Cornell University
Discussant: Steve Salterio, Queen's University
The Effects of Disseminating Relative Performance Feedback in Tournament versus Individual Performance Compensation Plans.
R. Lynn Hannan, Georgia State University; Ranjani Krishnan, Michigan State University; Drew Newman, Georgia State University
Discussant: Geoffrey B. Sprinkle, Indiana University
7.25 Public and Private Firms
Moderator: Khondkar E. Karim, Rochester Institute of Technology
From Public to Private: A Small Public Company's Reaction to Sarbanes-Oxley.
Belverd E. Needles, Jr., DePaul University
Discussant: Allan Graham, University of Rhode Island
Private Placement of Common Equity, Insider Subscription and Earnings Management.
Yun-Sheng Hsu, National Chung Hsing University; Victoria Wang, National Chung Hsing University; Chun-Ho Chen, National Chung Hsing University
Discussant: Jane Mooney, Simmons College
7.26 Public Interest: Research Issues
Moderator: Alan G. Mayper, University of North Texas
Action Research and Social Engagement.
C. Richard Baker, Adelphi University
Discussant: Dennis Bline, Bryant University
Extending the Boundaries of Accounting Ethics Research.
Steven M. Mintz, California Polytechnic State University, San Luis Obispo
Discussant: Dennis Bline, Bryant University
Editorial Boards: An Analysis of Critical and Mainstream Academic Accounting Journals.
Saad Alkazemi, Case Western Reserve University; Timothy J. Fogarty, Case Western Reserve University
Discussant: Dennis Bline, Bryant University
7.27 Public Sector Accountability: International Perspectives
Moderator: Rameshwar D. Gupta, Jackson State University
In the Public Interest: Why and How the Public Oversight Roles Differ between the U.S. General Accountability Office and the U.K. National Audit Office.
Simon Norton, Cardiff University; Murphy Smith, Texas A&M University
Discussant: Trevor Hopper, University of Manchester
Accountability in Crisis: Financialization and the Office of the Comptroller General in Canada.
Clinton Free, Queen's School of Business; Vaughan Radcliffe, The University of Western Ontario
Discussant: Trevor Hopper, University of Manchester
Toward Good Governance Principles within the Network of Inter-Municipal Cooperation: Communication in Accounting between Owners and Service Providers.
Heli Marjut Hookana, Turku School of Economics
Discussant: Trevor Hopper, University of Manchester
7.28 Reporting and Regulation
Moderator: Andrew J. Felo, Pennsylvania State Great Valley
Earnings Management and Mispricing of Allowance for Funds Used During Construction in the Electric Utility Industry.
Pervaiz Alam, Kent State University; Liang Fu, University of Florida
Discussant: Barbara Lamberton, University of Hartford
Post-Regulation G: Non-GAAP Reporting.
Linda W. Campbell, The University of Texas at San Antonio; Marshall K. Pitman, The University of Texas at San Antonio
Discussant: Susan Cammack, Cameron University
Immigration Fraud.
Gerald H. Lander, University of South Florida, St. Petersburg; Kelly J. Quinn, University of South Florida, St. Petersburg
Discussant: Peggy Dwyer, University of Central Florida
7.29 Continuous Improvement: Changing the CPA Examination
Moderator: Nicholas Mastracchio, Jr., University at Albany
Panelists:
Krista Breithaupt, American Institute of CPAs
Richard DeVore, American Institute of CPAs
Craig N. Mills, American Institute of CPAs
7.30 Educational Technology
Moderator: Wallace R. Wood, University of Cincinnati
Engaging Students through Technology-Enabled Learning Environments.
Joann Segovia, Minnesota State University, Moorhead; Jim Swenson, Minnesota State University, Moorhead; Ben Clapp, Minnesota State University, Moorhead
Discussant: Edward R. Walker, McNeese State University
Online versus Blended Accounting Principles Courses: A Descriptive Study of Student Perceptions and Performance.
Paul Robertson, Henderson State University; Renae K. Clark, Henderson State University
Discussant: E. P. Enyi, Ebonyi State University Abakaliki Nigeria
Transforming the Accounting Education Value Chain with E-Learning Technologies.
Noah P. Barsky, Villanova University; Anthony H. Catanach, Jr., Villanova University; C. Andrew Lafond, Philadelphia University
Discussant: Linda H. Tarrago, Hillsborough Community College
7.31 Teaching via Cases
Moderator: David K. Dennis, Otterbein College
Accounting for Intangible Assets: Why the Difference between Acquired and Internally Generated Brand Value? An International Accounting Teaching Case.
Susan Boedeker Hughes, University of Vermont; Matthew Czerwinski, Simon Property Group Inc.
Discussant: Avi Rushinek, University of Miami
GlaxoSmithKline Plc. International Transfer Pricing and Taxation.
Mahendra R. Gujarathi, Bentley College
Discussant: Marsha Huber, Otterbein College