Wednesday, August 8, 2007
2:15 pm - 3:45 pm
8.1 Big Unanswered Questions in Accounting
Moderator: Sudipta Basu, Emory University
Panelists:
Ray Ball, University of Chicago
Robert Bloomfield, Cornell University
Joel Demski, University of Florida
Yoshitaka Fukui, Aoyama Gakuin University
Steve Huddart, The Pennsylvania State University
Venky Nagar, University of Michigan
8.2 Private Property and Public Knowledge: The Future of Academic Accounting Journals
Moderator: Sue Haka, Michigan State University
Panelists:
Nihel Chabrak, Institut National Des Telecommunications France
Christine Cooper, Strathclyde University Scotland
Aida Sy, University of Bridgeport
Tony Tinker, Baruch College-CUNY and St. Andrews
Paul Williams, North Carolina State University
8.3 Innovation in Accounting Education Award—Recipients' Presentation
Presenters:
Douglas F. Prawitt, Brigham Young University
Kevin Stocks, Brigham Young University
The BYU Ph.D. Prep Program
8.4 Various Behavioral Issues in Accounting Settings
Moderator: Jennifer Blaskovich, University of Nebraska, Omaha
Disclosure, Sanctions, and Conflicts of Interest: Experimental Evidence.
Bryan K. Church, Georgia Institute of Technology; Jason Kuang, Georgia Institute of Technology
Discussant: Kristy L. Towry, Emory University
Accountants' Competencies: Would There Be Any Interdependence Structure Underlying Competencies So They Could Be Better Explained?
Ricardo Lopes Cardoso, University of MacKenzie; Edson Luiz Riccio, University of Sao Paulo
Discussant: Marietta Peytcheva, Rutgers University
Social Capital in Arthur Andersen: The Impact of Organizational Destruction.
R. Drew Sellers, Case Western Reserve University; Larry M. Parker, Case Western Reserve University
Discussant: Tom Downen, Texas Tech University
8.5 Empirical Research: Management Control Systems; also Evaluating Research Impact Using Web Citations
Moderator: Barbara Lamberton, University of Hartford
Control the Distance: Management Control Systems in the International Context.
Louis A. Beaubien, Providence College
Discussant: Barbara Lamberton, University of Hartford
Using Digital and Web Citations, and Electronic Downloads to Evaluate Research Impact.
Daniel E. O'Leary, University of Southern California
Discussant: Hui Du, University of Houston - Clear Lake
8.6 Audit Fees
Moderator: Helen L. Brown, Boston College
Agency Problems and Audit Fees: Further Tests of the Free Cash Flow Hypothesis.
Paul A. Griffin, University of California, Davis; David H. Lont, University of Otago; Yuan Sun, University of Otago
Discussant: Susan Cammack, Cameron University
Examination of Audit Fee Premiums and Auditor Switching Pre and Post the Demise of Arthur Andersen and the Enactment of Sarbanes-Oxley Act.
Joanna L. Y. Ho, University of California, Irvine; Jiuzhou Wang, Norwegian School of Economics and Business Administration
Discussant: Stacy A. Mastrolia, The University of Tennessee
Product Market Competition, Industry Homogeneity and the Demand for Audit Services.
Sudarshan Jayaraman, University of North Carolina at Chapel Hill
Discussant: Neil Fargher, Macquarie University
8.7 International Settings
Moderator: David L. Gilbertson, Western Washington University
The Effect of Internal Control Regulation on Earnings Quality: Evidence from Germany.
Nerissa C. Brown, University of Southern California; Christiane Strohm, University of Muenster; Andreas Wompener, University of Muenster
Discussant: James C. Hansen, University of Illinois at Chicago
Corporate Governance, Growth Opportunities, and Earnings Restatements: Evidence from Regulatory Changes.
Ken Y. Chen, National Cheng Kung University; Randy J. Elder, Syracuse University; Yung-Ming Hsieh, Soochow University
Discussant: Carol M. Jessup, University of Illinois at Springfield
Changes in the Audit Environment and Auditors' Propensity to Issue Going-Concern Opinions.
Neil Fargher, Macquarie University; Liwei Jiang, Macquarie University
Discussant: Thomas D. Dowdell, North Dakota State University
8.8 How the Convergence of Technology and Pedagogy Changes Accounting Education Forever
Presenter: Susan Crosson, Santa Fe Community College
8.9 Analyst Following
Moderator: Paul Simko, University of Virginia
Analyst Coverage around Mergers and Acquisitions.
Mengxin Zhao, Bentley College; Julie L. Zhu, Columbia Business School
Discussant: Michael B. Mikhail, Arizona State University
Analyst Following, Cost of Equity Capital, and the Information Environment: Evidence from the Electric Utility Industry.
Veronda F. Willis, The University of Texas at San Antonio
Discussant: Michael B. Mikhail, Arizona State University
Accruals Quality and Analyst Coverage.
Minsup Song, Sogang University; Gerry Lobo, University of Houston; Mary Stanford, Texas Christian University
Discussant: Michael B. Mikhail, Arizona State University
8.10 CEO Tenure and Reputation
Moderator: Angela B. Andrews, Wayne State University
The Impact of Superstar CEOs on Financial Reporting Practices and Firm Performance.
Kevin Koh, University of Washington
Discussant: Marcus Caylor, University of South Carolina
CEO Reputation and Corporate Governance.
Christo Karuna, University of California, Irvine
Discussant: Marcus Caylor, University of South Carolina
Are Uncontested Director Elections Meaningful?
Paul E. Fischer, The Pennsylvania State University; Jeffrey D. Gramlich, University of Southern Maine and Copenhagen Business School; Brian P. Miller, The Pennsylvania State University
Discussant: Marcus Caylor, University of South Carolina
8.11 Determinants and Consequences of Disclosure
Moderator: Robert J. Resutek, The University of Texas at Austin
Disentangling the Incentive and Entrenchment Effects of Managerial Ownership on Voluntary Disclosure: Evidence from Dual Class Share Firms.
Surjit Tinaikar, University of Florida
Discussant: Daniel A. Cohen, New York University
The Differential Effects of Proprietary Cost on the Quantity versus Quality of Voluntary Corporate Disclosure.
May H. Zhang, University of Missouri-Columbia
Discussant: Daniel A. Cohen, New York University
Does Recognition versus Disclosure Really Matter? Evidence from the Market Valuation of Recognition of Employee Stock Option Expenses.
Flora Niu, Wilfrid Laurier University; Bixia Xu, Wilfrid Laurier University
Discussant: Daniel A. Cohen, New York University
8.12 Employee Stock Options
Moderator: Susan M. Young, Baruch College-CUNY
Employees' Perceived Values of Their Stock Option Holdings: How Training Affects the Cost-Value Gap.
Anne M. Farrell, University of Illinois at Urbana-Champaign; Susan D. Krische, University of Illinois at Urbana - Champaign; Karen L. Sedatole, Michigan State University
Discussant: Jeffrey Hales, The University of Texas at Austin
On the Benefits of Allowing CEOs to Time their Stock Option Exercises.
Volker Laux, The University of Texas at Austin
Discussant: Judson Caskey, University of California, Los Angeles
The Impact of SFAS 123R on Changes in Option-Based Compensation.
Lawrence Brown, Georgia State University; Yen-Jung Lee, Georgia State University
Discussant: Maria Elizabeth Nondorf, University of California, Berkeley
8.13 Investment Decisions and Analysts Forecasts
Moderator: Donal Byard, Baruch College-CUNY
The Effect of Experience, Independence, and Psychology on Analysts' Propensity to Use Their Own Earnings Forecasts in Stock Recommendations.
Bin Ke, The Pennsylvania State University; Yong Yu, The University of Texas at Austin
Discussant: Mei Feng, University of Pittsburgh
Ex Ante Adjustments for One-Period Ahead Earnings Forecasts.
Mingcherng Deng, Columbia Business School; Julian Yeo, Columbia Business School
Discussant: Mei Feng, University of Pittsburgh
Market Demand for Conservative Analysts.
Artur Hugon, Georgia State University; Volkan Muslu, The University of Texas at Dallas
Discussant: Mei Feng, University of Pittsburgh
8.14 Overreaction and Underreaction in Stock Prices
Moderator: Elizabeth Demers, INSEAD
Analyst Recommendations, Mutual Fund Herding, and Overreaction in Stock Prices.
Nerissa C. Brown, University of Southern California; Kelsey D. Wei, The University of Texas at Dallas; Russ Wermers, University of Maryland, College Park
Discussant: Scott Richardson, Barclays Global Investors
Is All Growth Created Equal? The Predictive Value of Growth Strategy. Carol L. Anilowski, Purdue University Discussant: Scott Richardson, Barclays Global Investors
Driven to Distraction: Extraneous Events and Underreaction to Earnings News.
David Hirshleifer, University of California, Irvine; Sonya Lim, DePaul University; Siew Hong Teoh, University of California, Irvine
Discussant: Scott Richardson, Barclays Global Investors
8.15 Prediction of Future Earnings and Cash Flows
Moderator: Shaokun (Carol) Yu, University of Houston
Aggregation within Firms, Long Memory, and the Prediction of Earnings.
Richard M. Frankel, Washington University in St. Louis; Bjorn N. Jorgensen, Columbia University; Hans Ole Ae Mikkelsen, Bank of America Securities
Discussant: Sandra L. Chamberlain, University of British Columbia
Accruals and the Prediction of Future Cash Flows.
Francois Brochet, New York University; Seunghan Nam, Rutgers University; Joshua Ronen, New York University
Discussant: Sandra L. Chamberlain, University of British Columbia
Accrual Models' Incremental Predictive Ability Regarding Future Cash Flows.
Timothy R. Yoder, Mississippi State University
Discussant: Sandra L. Chamberlain, University of British Columbia
8.16 Structured Financing
Moderator: Mark C. Dawkins, University of Georgia
Debt Covenants, Balance Sheet Classification, and the Effects of FAS150: Evidence from Trust Preferred Stock.
William Moser, University of Missouri; Kaye J. Newberry, University of Houston
Discussant: Emre Karaoglu, University of Southern California
Managing Specific Accruals versus Structuring Transactions: Evidence from Loan Loss Provisions and Loan Transfers in the Banking Industry.
Dechun Wang, University of Nebraska-Lincoln; Xiaoyan Cheng, University of Nebraska-Lincoln
Discussant: Emre Karaoglu, University of Southern California
Economic Consequences of Off-Balance Sheet Financing: The Case of Equity Method Investments.
Suning Zhang, George Mason University
Discussant: Emre Karaoglu, University of Southern California
8.17 Government and Nonprofit Potpourri
Moderator: Cathy H. Scott, Jackson State University
A Statistical Model of Local Government Distress in Australia.
Stewart Jones, The University of Sydney; Robert G. Walker, The University of Sydney
Discussant: Barry R. Marks, University of Houston-Clear Lake
Adoption of Sarbanes-Oxley Measures by Nonprofit Organizations: An Empirical Study.
Venkataraman M. Iyer; Ann L. Watkins, University of North Carolina at Greensboro
Discussant: Karen B. McCarron, Gordon College
An Assessment of Fraud and Embezzlement Opportunities in Christian Churches.
Mel Ventura, Hawai`i Community Federal Credit Union; Shirley J. Daniel, University of Hawai`i at Manoa
Discussant: Padakanti Laxmikantham, Addis Ababa University
8.18 Trends in International Accounting
Moderator: John Hepp, Grant Thornton LLP
Historical Trends in Research on International Accounting Harmonization.
C. Richard Baker, Adelphi University; Eleana M. Barbu, University of Orleans
Discussant: Paul Polinski, Grant Thornton LLP
Real Options, Patent Value and Financial Measurement Indicators: Evidence from the Taiwanese IT Industry.
Ming-Cheng Wu, National Changhua University of Education; Chun-Yao Tseng, Tunghai University
Discussant: Paul Polinski, Grant Thornton
Black Economic Empowerment, Legitimacy, and the Value Added Statement: Evidence from Post-Apartheid South Africa.
Steven F. Cahan, University of Auckland; Chris J. Van Staden, Massey University
Discussant: B. Elisabeth Rossen, Florida Atlantic University
8.19 Determinants of Executive Compensation (Archival Studies)
Moderator: Birendra Mishra, University of California, Riverside
CEO External Directorate Networks and Compensation: Evidence from Taiwanese Family Business Groups.
Liu-Ching Tsai, National Chia-Yi University; Chaur-Shiuh Young, National Cheng Kung University
Discussant: Dhananjay Nanda, Duke University
Do Professional Negotiators Extract Rents on Behalf of their Client CEOs?
Shivaram Rajgopal, University of Washington; Daniel Taylor, Stanford University; Mohan Venkatachalam, Duke University
Discussant: Dhananjay Nanda, Duke University
8.20 Opportunities for Educators to Work with the Institute of Internal Auditors
Moderator: Priscilla A. Burnaby, Bentley College
Panelists:
Ali Adolmohammadi, Bentley College
Veronica Johnson, Institute of Internal Auditors
Jeffrey Swerdlow, Institute of Internal Auditors Research Foundation
8.21 Current Trends in Fraud Examination Courses
Moderator: Christine Kloezeman, Glendale Community College
Panelists:
Conan Albrecht, Brigham Young University
Lawrence Crumbley, Louisiana State University