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Monday, August 4, 2008 — 10:15 am-11:45 am
Session Title: 1.13. Analyst Incentives and Forecast Bias (Financial Accounting and Reporting)
Moderator: Jennifer Winchel, University of South Carolina
Transient Institutional Investors Trading Behavior and Analysts’ Earnings Forecast Bias
Xu Li, University of Texas at Dallas;
Suresh Radhakrishnan, University of Texas at Dallas;
Nancy Su, Hong Kong Polytechnic University;
Jin Zhang, University of Texas at Dallas;
Discussant: Gauri Bhat, Washington University In St Louis
Are Analysts’ Recommendations for Investment Banks Biased? Evidence of Another Conflict of Interest
Erik Devos, University of Texas - El Paso;
Discussant: Gauri Bhat, Washington University In St Louis
Analyst Forecast Inefficiency in Reaction to Earnings News: Cognitive Bias vs. Economic Incentives
Chansog (Francis) Kim, City University of Hong Kong;
Sangwoo Lee, City University of Hong Kong;
Chris Pantzalis , University of South Florida;
Discussant: Gauri Bhat, Washington University In St Louis
Session Title: 1.14. Corporate Disclosures (Financial Accounting and Reporting)
Moderator: Joe Anthony, Michigan State
Voluntary disclosures around corporate acquisitions
Paul Brockman, University of Missouri at Columbia;
Xiumin Martin, Washington University In Saint Louis;
Discussant: To Be Announced
Does Enhanced Disclosure Really Reduce
Agency Costs? Evidence from the Value of
Corporate Cash Holdings and Dividends
Yan Zhang, SUNY at Binghamton;
Pinghsun Huang Huang, National Cheng Kung University;
Discussant: Yue Zhang, The University of Texas at Dallas
Bank Financing as an Incentive for Earnings Management in Business Start-ups
Nancy Huyghebaert, Katholieke Universiteit Leuven;
Heidi Vanderbauwhede, Katholieke Universiteit Leuven;
Marleen Willekens, Katholieke Universiteit Leuven & Tilburg University;
Discussant: Bjorn N Jorgensen, Columbia University
Session Title: 1.15. Debt contracting and Disclosure (Financial Accounting and Reporting)
Moderator: John Dexter, Northwood University
The Informational Role of Bond Analysts
Gus De Franco, University of Toronto;
Florin Vasvari, University of London;
Regina Wittenberg - Moerman, University of Pennsylvania;
Discussant: Han Yi, University of Oklahoma
Earnings Smoothing Activities of Firms to Manage Credit Ratings
Boochun Jung, University of Hawaii at Manoa;
Naomi Soderstrom, University of Colorado at Boulder;
Sunny Yang, University of Texas at Austin;
Discussant: Han Yi, University of Oklahoma
Earnings Surprises and Cost of Debt Capital: Evidence from the Credit Default Swap Market
Sanjian Zhang, Lehigh University;
Gaiyan Zhang, University of Missouri St. Louis;
Charles Shi, University of California Irvine;
Discussant: Han Yi, University of Oklahoma
Session Title: 1.16. Firm Profitablity (Financial Accounting and Reporting)
Moderator: Brad Badertscher, University of Notre Dame
A Re-examination of China’s Share Issue Privatization: Does It Not Improve Firm Profitability?
Guohua Jiang, Guanghua School of Mgmt. Peking University;
Heng Yue, Guanghua School of Mgmt. Peking University;
Longkai Zhao, Guanghua School of Mgmt. Peking University;
Discussant: Davit Adut, University of Cincinnati
Are family firms more tax aggressive than non-family firms?
Shuping Chen, University of Washington;
Xia Chen, University of British Columbia;
Qiang Cheng, University of British Columbia;
Terry Shevlin, University of Washington;
Discussant: Scott Dyreng, University of North Carolina
History Matters: Individual Analysts' Responses to Quarterly Guidance
Mark Bagnoli, Purdue University;
Yinghua Li, Purdue University;
Susan Watts, Purdue University;
Discussant: Jeffrey J Burks, University of Notre Dame
Session Title: 1.17. Non-accounting Information and Valuation (Financial Accounting and Reporting)
Moderator: Xia Chen, University of British Columbia
Ethical Misconduct by Senior Officers
Shiva Rajgopal, University of Washington;
Ryan James Wilson, University of Iowa;
Discussant: Sarah L. C. Zechman, University of Pennsylvania
Information Environment Characteristics of Strategic Alliances
William M Cready, University of Texas at Dallas;
Sebahattin Demirkan, SUNY - Binghamton University;
Discussant: Sarah L. C. Zechman, University of Pennsylvania
The Uncertainty of Non-accounting Information in Analysts’ Forecasts and Stock Return Volatility
Yaowen Shan, University of New South Wales;
Stephen L Taylor, University of New South Wales;
Terry Walter, Macquarie University;
Discussant: Sarah L. C. Zechman, University of Pennsylvania
Session Title: 1.18. Underlying Firm Characteristics and Earnings Management (Financial Accounting and Reporting)
Moderator: Carol Eileen Sullivan, Central Washington University
What Determines an Earnings String?
Bok Baik, Seoul National University;
David B. Farber, University of Missouri;
Marilyn F. Johnson, Michigan State University;
Han Yi, University of Oklahoma;
Discussant: Kevin C W Chen, Hong Kong University of Science & Technology
Earnings Management and Future Corporate Investment
Vicki Wei Tang, McDonough School of Business Georgetown University;
Kevin Ke Li, Haas School of Business University of California at Berkeley;
Discussant: Kevin C W Chen, Hong Kong University of Science & Technology
Information Uncertainty, Earnings Management and Performance of IPO Firms
Shao - Chi Chang, National Cheng Kung University Taiwan;
Sheng - Syan Chen, National Taiwan University Taiwan;
Wen - Chun Lin, National Cheng Kung University/ Yuan Ze University Taiwan;
Discussant: Kevin C W Chen, Hong Kong University of Science & Technology
Session Title: 1.19. Valuation Consequences of Non-Financial Statement Information (Financial Accounting and Reporting)
Moderator: George R Wilson, Louisiana State University
Capital Market Consequences of Conference Presentations
Brian J. Bushee, University of Pennsylvania;
Michael J. Jung, University of Pennsylvania;
Gregory S. Miller, University of Michigan;
Discussant: Jayanthi Sunder, Northwestern University
Market underreaction to bad news:
the case of bankruptcy filings
Luis Coelho, University of Edinburgh;
Richard J Taffler, University of Edinburgh;
Discussant: Jayanthi Sunder, Northwestern University
Voluntary Climate Change Disclosures to Institutional Investors
Elizabeth Stanny, Sonoma State University;
Kirsten Ely, Sonoma State University;
Discussant: Jayanthi Sunder, Northwestern University
Monday, August 4, 2008 — 2:00 pm-3:30 pm
Session Title: 2.12. Analytical Modeling --Governance (Financial Accounting and Reporting)
Moderator: Charles Shi, University of California at Irvine
Informational Efficiency and Corporate Governance - evidence from Futures Markets in India
Yu Cong, Towson University;
Murgie Krishnan, Yeshiva University;
Discussant: Peter Demerjian, EmoryUniversity
Corporate governance Requirement of Trust
Ahmed Naciri, University of Quebec at Montreal;
Fouad El Ouardighi, Essec Business School Paris;
Discussant: Peter Demerjian, EmoryUniversity
Economic determinants of group versus individual compensation schemes for senior executives
Paul J Brown, University of Technology;
Zoltan P Matolcsy, University of Technology;
Peter Wells, University of Technology;
Discussant: Peter Demerjian, EmoryUniversity
Session Title: 2.13. Corporate Governance (Financial Accounting and Reporting)
Moderator: Parveen P. Gupta, Lehigh University
Audit Committee Compensation and Demand for Monitoring of the Financial Reporting Process
Ellen Engel, The University of Chicago;
Rachel M Hayes, The University of Utah;
Xue (Sue) Wang, Emory University;
Discussant: Zeyun Chen, University of Houston
Do CEOs and Principle Financial Officers Take a “Bath” Separately or Together?: An Investigation of Discretionary Accruals Surrounding Appointments of New CEOs and PFOs
Marshall A Geiger, University of Richmond;
David S North, University of Richmond;
Discussant: Suning Zhang, George Mason University
Corporate Governance and Asset Impairments:
Evidence from the Adoption Choice of SFAS No. 35 in Taiwan
Wei - Heng Lin, Chung Yuan Christian University;
Joseph C. S. Hsu, National Yunlin University of Science & Technology;
Discussant: Suning Zhang, George Mason University
Session Title: 2.14. Disclosure (Financial Accounting and Reporting)
Moderator: Birendra Mishra, University of California Riverside
The Impact Of Multi-Dimensional Corporate Transparency On Us Firms’ Credit Ratings And Cost Of Capital
David G. De Boskey, San Diego State University;
Peter R. Gillett, Rutgers The State Univeristy of New Jersey;
Discussant: David Hurtt, Baylor University
Soft Information in Earnings Announcements: News or Noise?
Elizabeth Demers, INSEAD;
Clara Vega, US Federal Reserve Board of Governors;
Discussant: Dan Givoly, Penn State University
Session Title: 2.15. Earnings Guidance (Financial Accounting and Reporting)
Moderator: Cynthia C. H. Chen, Providence University
Assessing Methods of Identifying Management Forecasts: CIG vs. Hand-Collection
Elizabeth Chuk, University of Washington Foster School of Business;
Dawn Matsumoto, University of Washington Foster School of Business;
Gregory S. Miller, University of Michigan;
Discussant: Bok Baik, Seoul National University
Why Do Firms Issue Disaggregated Earnings Guidance? The Archival Evidence
Benjamin Lansford, Northwestern University;
Jennifer Wu Tucker, University of Florida;
Discussant: Steve Crawford, Rice University
Earnings Guidance around CFO Turnover
Francois Brochet, Harvard University;
Lucile Faurel, New York University;
Sarah McVay, University of Utah;
Discussant: C. Terry Grant, California State University Fullerton
Session Title: 2.16. Firm Valuation (Financial Accounting and Reporting)
Moderator: Mark Jackson, University of Oregon
Value Relevance of Deferred Tax Attributed to Asset Revaluation Components under IFRS
Dean Hanlon, Monash University;
Farshid Navissi, Monash University;
Gatot Soepriyanto, Bina Nusantara University;
Discussant: Helena Oliveira Isidro, Cass Business School
Cross Listing, Management Earnings
Forecasts, and Firm Values
Yaqi Shi, University of Western Ontario;
Jeong - Bon Kim, Concordia University and The Hong Kong Polytechnic University;
Michel Magnan, Concordia University ;
Discussant: Weining Zhang, University of Texas at Dallas
Negative Book Value Firms and Their Valuation
Ching - Lih Jan, California State University - East Bay;
Jane Ou, Santa Clara University;
Discussant: Georgia Siougle, Athens University of Economics And Business
Session Title: 2.17. Mergers and Acquisitions: Goodwill, Intangibles, Impairments, and Post-Acquisition Performance (Financial Accounting and Reporting)
Moderator: John J. Wild, University of Wisconsin - Madison
Panelists:
Anne Beatty, The Ohio State University
Daniel A. Bens, University of Arizona
Richard Frankel, Washington University -- St Louis
Patrick E. Hopkins, Indiana University
Monday, August 4, 2008 — 4:00 pm-5:30 pm
Session Title: 3.16. Analyst Forecasting Issues (Financial Accounting and Reporting)
Moderator: Wendy Wilson, Southern Methodist University
The Time-Dynamics of Analysts' Consensus EPS Forecasts
Eric C So, Stanford University;
Discussant: Valentina Zamora, Boston College
Why Do Some Firms' Analyst Earnings Forecasts Exclude Stock-based Compensation Expense?
Mary E Barth, Stanford University;
Ian Drummond Gow, Stanford University;
Daniel J Taylor, Stanford University;
Discussant: Valentina Zamora, Boston College
Do Analysts Warn Investors About Future Earnings Decreases? Evidence from Their Forecast Revisions and Changes in Recommendations Before a Break in a String of Consecutive Earnings Increases
Zhanel D Mailibayeva, Florida Atlantic University;
Discussant: Valentina Zamora, Boston College
Session Title: 3.17. Analyst Labor Market Issues (Financial Accounting and Reporting)
Moderator: Bill Black, University of Mississippi
Security Analysts, Cash Flow Forecasts, and Turnover
Shail Pandit, The Ohio State University;
Richard Willis, Vanderbilt University;
Ling Zhou, Tulane University;
Discussant: Xia Chen, University of British Columbia
Determinants of Analyst Skill Specialization
Allen H Huang, Quantitative Equity Strategies Lehman Brothers;
Amy Y Zang, Simon School of Business University of Rochester;
Discussant: Xia Chen, University of British Columbia
Analyst Reputation and the Issuance of
Disaggregated Earnings Forecasts to I/B/E/S
Yonca Ertimur, Duke University;
William J Mayew;
Stephen R. Stubben;
Discussant: Yuan Zhang, Columbia University
Session Title: 3.18. Asset Prices and Risk (Financial Accounting and Reporting)
Moderator: Kofi Appiah Okyere, Syracuse University
Implications of Suboptimal Cash Holdings for Current and Future Market Returns
Derek K. Oler, Indiana University;
Marc Picconi, Indiana University;
Discussant: William C Schwartz, University of Arizona
Aggregate Earnings and Asset Prices
Ray Ball, University of Chicago;
Gil Sadka, Columbia University;
Ronnie Sadka, University of Washington;
Discussant: William C Schwartz, University of Arizona
Session Title: 3.19. Bias in Analysts' Output (Financial Accounting and Reporting)
Moderator: Larry Walther, University of Texas at Arlington
Pessimistic Analysts’ Timing Their Earnings Forecasts: An Alternative Explanation of the Walk-Down in Average Forecasts
Orie Barron, The Pennsylvania State University;
Donal Byard, Baruch College - CUNY;
Lihong Liang, George Washingon University;
Yong Yu, University of Texas - Austin;
Discussant: William D Brown, Stonehill College
Bullish Stock Recommendations and Market Self-Regulation
Artur Hugon, Arizona State University;
Discussant: Urooj Khan, University of Washington
Determinants of Analysts’ Dropped Coverage Decisions
John Shon, Baruch College - CUNY;
Susan M Young, Baruch College - CUNY;
Discussant: Urooj Khan, University of Washington
Session Title: 3.20. Corporate Governance and Analysts' Reports (Financial Accounting and Reporting)
Moderator: Paul Simko, University of Virginia - Darden
Litigation Risk and Voluntary Disclosure: The Use of Meaningful Cautionary Language
Karen K. Nelson, Rice University;
Adam C. Pritchard, University of Michigan Law School;
Discussant: Kevin T Rich, University of Oregon
Do digital reporting formats assist professional users in overcoming functional fixation in recognition vs. disclosure?
Fawzi Laswad, Massey University;
Erlane Ghani, Universiti Teknologi Mara Malaysia;
Stuart Tooley, Queensland University of Technology Australia;
Discussant: Kevin T Rich, University of Oregon
When Do Negative Arguments Increase the Credibility of Favorable Analyst Reports?
Jennifer Winchel, University of South Carolina;
Discussant: Kevin T Rich, University of Oregon
Session Title: 3.21. Corporate Governance and Earnings Quality (Financial Accounting and Reporting)
Moderator: Khondkar Karim, Rochester Institute of Technology
Governance Culture and Accrual Based Earnings Quality
Mindell Reiss Nitkin, Simmons College;
Discussant: Frank Heflin, Florida State University
The Effects of Corporate Governance on Discretionary Investments
Chan Du, California State University Fresno;
Discussant: Frank Heflin, Florida State University
Session Title: 3.22. Determinants of Corporate Governance Quality (Financial Accounting and Reporting)
Moderator: Faye A Brathwaite, Athens State University
Reputational penalties for internal control weaknesses - evidence from turnover in audit committee and board members
Beng Wee Goh, Singapore Management University;
Discussant: Matthew J. Anderson, Michigan State University
Better understanding the impact of ownership and corporate governance structures on accounting compliance
Agus Setyadi, Curtin University of Technology Perth Western Australia;
Rusmin Rusmin, Curtin University of Technology Perth Western Australia ;
Greg Tower, Curtin University of Technology Perth Western Australia ;
Alistair Brown, Curtin University of Technology Perth Western Australia;
Discussant: Jacquelyn Sue Moffitt, Louisiana State University
The Economic Determinants of Compensation Committee Quality
Jerry Sun, University of Windsor;
Steven F. Cahan, University of Auckland;
Discussant: Hong Zhu, Loyola College In Maryland
Session Title: 3.23. Methodological Issues in Capital Markets Research (Financial Accounting and Reporting)
Moderator: Ken Shaw, University of Missouri
Correcting for Cross-Sectional and Time-Series Dependence in Accounting Research
Ian Drummond Gow, Stanford University;
Gaizka Ormazabal, Stanford University;
Daniel J Taylor, Stanford University;
Discussant: Xuesong Hu, University of Oregon
Using Market Reaction to Infer Persistence of Earnings Surprises
Gia Chevis, Baylor University;
Gregory Sommers, Southern Methodist University;
Discussant: Xuesong Hu, University of Oregon
Tests of Long-Term Abnormal Performance:
Analysis of Power
Alexander Nekrasov, University of Minnesota;
Pervin Shroff, University of Minnesota;
Rajdeep Singh, University of Minnesota;
Discussant: Xuesong Hu, University of Oregon
Session Title: 3.24. Ownership Structure and Disclosure (Financial Accounting and Reporting)
Moderator: Weimin Wang, St. Louis University
Founding Family Ownership, Management and Payout Policy
Yan Hu, Temple University;
Dechun Wang, Texas A&m University;
Shaorong Zhang, Marshall University;
Discussant: Qiang Cheng, University of British Columbia
Managerial ownership and firms' information environment
Sam Han, Singapore Management University;
Tony Kang, Florida Atlantic University;
Gerald Lobo, University of Houston;
Discussant: Qiang Cheng, University of British Columbia
Corporate Governance when Founders are Directors
Feng Li, University of Michigan;
Suraj Srinivasan, University of Chicago;
Discussant: Qiang Cheng, University of British Columbia
Session Title: 3.25. Timing and Frequency of Disclosures to Capital Markets (Financial Accounting and Reporting)
Moderator: Siyi Li, University of Illinois at Urbana - Champaign
Real Time Disclosure through Current Reports: The Case of Material Contracts
Edward Xuejun Li, The University of Rochester;
Discussant: Surjit Tinaikar, University of Florida
Financial Reporting, Information Asymmetry, and the Cost of Capital:
The Effects of Changes in Interim Reporting Frequency
Marty Butler, Emory University;
Renhui Fu, Nanyang Technological University;
Arthur Kraft, London Business School;
Huai Zhang, University of Hong Kong And Nanyang Technological University;
Discussant: Melissa Fay Lewis, University of Utah
Market Implication of Human Capital Investment
Chih - Hsien Liao, Case Western Reserve University;
Songtao Mo, Case Western Reserve University;
Julia Grant, Case Western Reserve University;
Discussant: Brian D Cadman, Northwestern University
Tuesday, August 5, 2008 — 10:15 am-11:45 am
Session Title: 4.14. Cash flows, accruals and analyst forecasts (Financial Accounting and Reporting)
Moderator: Bradley E Lail, University of Oklahoma
Cash versus Accrual Accounting and the Availability and Cost of Small Business Debt
Gavin Cassar, University of Pennsylvania;
Ken Cavalluzzo, Wisconsin Capital Management;
Christopher D Ittner, University of Pennsylvania;
Discussant: Joonho Lee, Singapore Management University
Disaggregation vs. Aggregation: Are Earnings Forecasts Accompanied by Cash Flow Forecasts More Accurate?
Andrew C. Call, University of Georgia;
Shuping Chen, University of Washington;
Yen H. Tong, Nanyang Technological University;
Discussant: Qianyun Huang, Florida Atlantic University
Managerial Discretion and Bias in Annual Forecast Errors
Bruce K. Billings, Florida State University;
Richard M. Morton, Florida State University;
Discussant: Joonho Lee, Singapore Management University
Session Title: 4.15. Disclosure and Financial Reporting (Financial Accounting and Reporting)
Moderator: Kamala Raghavan, Robert Morris University
Governance Strength and Default Probability: Evidence from CEO/CFO Turnover
Andy (Young Han) Kim, University of Minnesota;
Discussant: Alexander Nekrasov, University of Minnesota
Evidence on the Impact of a CEO’s Financial Experience on Quality of the Firm’s Financial Reports and Disclosures
Steve R. Matsunaga, University of Oregon;
P. Eric Yeung, University of Georgia;
Discussant: Alexander Nekrasov, University of Minnesota
Corporate Competitive Strategy Voluntary Disclosure and Company Characters
Jidong Zhang, Finance Management Department Beijing International Studies University;
Zheng Fan, Ph.D Candidate;
Discussant: Praveen Sinha, Chapman University
Session Title: 4.16. Earnings Management Topics (Financial Accounting and Reporting)
Moderator: C. Catherine Chiang, Elon University
Earnings Management to Avoid Loss to Continue in Chinese Capital Markets
Qingliang Tang, University of Western Sydney;
Yihong Jang, Shanghai University of Finance and Economics;
Zhijun Lin, Hong Kong Baptist University;
Discussant: Emma Y. Peng, Fordham University
The Determinants of Companies’ Disclosure of Cross-Segment Variability in Sales Growth
Qian Wang, University of Kansas;
Michael Ettredge, University of Kansas;
Ying Huang, University of Kansas;
Lili Sun, Rutgers Business School;
Discussant: Ramgopal Venkataraman, Southern Methodist University
Session Title: 4.17. Equity Incentives, Corporate Governance and Earnings Management (Financial Accounting and Reporting)
Moderator: Wede E. Brownell, Southern University
Equity Incentives and Earnings Management:
Evidence from A Regulated Industry
Qiang Cheng, University of British Columbia;
Terry Warfield, University of Wisconsin;
Minlei Ye, University of British Columbia;
Discussant: Carol Marquardt, Baruch College CUNY
Product Market Competition, Financial Accounting Misreporting and Corporate Governance: Evidence from Accounting Restatements
Karthik Balakrishnan, New York University;
Daniel Cohen, New York University;
Discussant: Guojin Gong, The Pennsylvania State University
Does More Conservative Revenue Recognition Improve the Informativeness of Earnings?
Clayton L Forester, University of Minnesota Twin Cities;
Discussant: Mary Ellen Carter, University of Pennsylvania
Session Title: 4.18. Governance and Disclosure (Financial Accounting and Reporting)
Moderator: Jane M Weiss, Washington & Lee University
Backdating of CEO Stock Option Grants and Timing of Earnings Disclosures
Wenli Huang, Boston University;
Hai Lu, University of Toronto;
Discussant: Shyam Sunder, Yale School of Management
Corporate Governance and the Value Relevance
of Proved and Probable Oil and Gas Reserve Disclosures: Canadian Evidence
Yu Li, University of Toronto;
Daniel B. Thornton, Queen's University;
Michael Welker, Queen's University;
Discussant: Shyam Sunder, Yale School of Management
Session Title: 4.19. Incentives for Earnings Management (Financial Accounting and Reporting)
Moderator: Sudha K. Krishnan, California State University Long Beach
Earnings Management and the Predictive Ability of Accruals with Respect to Future Cash Flows
Brad Badertscher, University of Notre Dame;
Dan Collins, University of Iowa;
Thomas Lys, Northwestern University;
Discussant: Sarah McVay, University of Utah
CEO and CFO Career Consequences to Missing Earnings Benchmarks
Richard D Mergenthaler, University of Washington;
Shiva Rajgopal, University of Washington;
Suraj Srinivasan, University of Chicago;
Discussant: Sarah McVay, University of Utah
Labor Unions, Employee Ownership, and Management’s Incentive to Signal Declining Profitability
Francesco Bova, University of Toronto;
Discussant: Sarah McVay, University of Utah
Session Title: 4.20. Management Disclosure Decisions (Financial Accounting and Reporting)
Moderator: Fred Mittelstaedt, University of Notre Dame
Strategic Timing of Quarterly Earnings Announcements Containing Pro Forma Earnings Information
Nerissa C. Brown, University of Southern California;
Theodore E. Christensen, Brigham Young University;
W. Brooke Elliott, University of Illinois at Urbana - Champaign;
Discussant: P. Eric Yeung, University of Georgia
An Examination of Earnings Surprises for Urban and Rural Firms
Bok Baik, Seoul National University;
Jong - Hag Choi, Seoul National University;
Yoonseok Zang, Singapore Management University;
Discussant: P. Eric Yeung, University of Georgia
Does Audit Committee Oversight Make Management Guidance More Useful For Analysts?
M.H. Carol Liu, Oakland University;
Zili Zhuang, The Chinese University of Hong Kong;
Discussant: P. Eric Yeung, University of Georgia
Session Title: 4.21. Peer Groups and Diversity (Financial Accounting and Reporting)
Moderator: Siva Nathan, Georgia State University
Evidence on U.S. Board Committee Diversity: Are Women Underrepresented?
Hong Zhu, Loyola College In Maryland;
Kenneth Small, Coastal Carolina University;
Susan Flaherty, Towson University;
Discussant: Christian E Wurst, Temple University
Peer Groups Composition: Where do we stand?
Mariana Doria Freitas, Universidade Nova De Lisboa;
Ana C. Marques, Universidade Nova De Lisboa;
Discussant: Christian E Wurst, Temple University
Session Title: 4.22. Valuation Issues (Financial Accounting and Reporting)
Moderator: Anne Leah Jones, University of Massachusetts - Boston
The Fundamental Value to Price Anomaly: An Abnormal Earnings Growth Valuation Model
Hye - Jeong Nam, Seoul National University;
Discussant: Gregory A Sommers, Southern Methodist University
Investor Trading Response to Management Earnings Guidance
Oliver Z Li, University of Arizona;
Hong Xie, Syracuse University;
Yuan Zhang, Columbia University;
Discussant: Gregory A Sommers, Southern Methodist University
Loss-Aversion Discount before Earnings Announcements
Shai Levi, University of California Berkeley;
Xiao - Jun Zhang, University of California Berkeley;
Discussant: Gregory A Sommers, Southern Methodist University
Tuesday, August 5, 2008 — 2:00 pm-3:30 pm
Session Title: 5.13. Characteristics of Accounting Information (Financial Accounting and Reporting)
Moderator: Bala Dharan, Rice University
The Conservative Bias in Accounting and Differences in the Role of Accruals Between Profit firms and Loss firms
Sanjay Bissessur, University of Amsterdam;
Discussant: Jeffrey Ng, The Wharton School University of Pennsylvania
Stock Price (In)Efficiency and the Declining
Value Relevance of Accounting Information
Simon Yu Kit Fung, The Hong Kong Polytechnic University;
Lixin Nancy Su, The Hong Kong Polytechnic University;
Xindong Kevin Zhu, The Hong Kong Polytechnic University;
Discussant: Jeffrey Ng, The Wharton School University of Pennsylvania
Goodwill Impairment and Accruals under SFAS No. 142 - An Empirical Examination
Li Wang, The University of Akron;
Pervaiz Alam, Kent State University;
Discussant: Jeffrey Ng, The Wharton School University of Pennsylvania
Session Title: 5.14. Dividends and Earnings (Financial Accounting and Reporting)
Moderator: Elizabeth Stanny, Sonoma State University
The Dividends Pricing Puzzle
Igor Goncharov, University of Amsterdam Business School;
David Veenman, University of Amsterdam Business School;
Discussant: Zhanel Mailibayeva, Florida Atlantic University
Earnings Asymmetric Timeliness and Shareholder Distributions
Richard Frankel, Washington University in St. Louis;
Yan Sun, Saint Louis University;
Rong Wang, Singapore Management University;
Discussant: Kirsten Anderson, Georgetown University
Alternative Explanations of the Dividend Valuation Anomaly
William P. Rees, Universiteit Van Amsterdam Business Schoool;
Aljosa Valentincic, University of Ljubljana;
Discussant: Haiwen Zhang, The Ohio State University
Session Title: 5.15. Earning Management and Specific Accounting Standards (Financial Accounting and Reporting)
Moderator: Mary Lea McAnally, Texas A & M University
Do Corporations Manipulate Earnings to Meet or Beat Analysts’ Forecasts? Evidence from Pension Plan Assumption Changes
Yul W Lee, University of Rhode Island;
T. Jeffrey Zhang, University of Rhode Island;
Discussant: Todd D. Kravet, University of Washington
An Examination of SFAS No. 144: The Likelihood of Asset Impairment Recognition, Write-Off Characteristics, and Market Reaction
Chia - Ling Chao, National Chung Cheng University;
Shwu - Min Horng, National Chengchi University;
Discussant: Todd D. Kravet, University of Washington
The Market Reaction to the Use of Interest Rate Swaps
Sergey Chernenko, Harvard Business School;
Michael Faulkender, University of Maryland;
Nicole Thorne Jenkins, Vanderbilt University;
Discussant: Todd D. Kravet, University of Washington
Session Title: 5.16. Earnings Quality (Financial Accounting and Reporting)
Moderator: Naciri Adam Ahmed, University of Quebec In Montreal
Director compensation, Board independence, Ultimate ownership and Earnings Quality
Kin Wai Lee, Nanyang Technological University;
Discussant: Stephen L Taylor, University of New South Wales
Shareholder Rights and Earnings Management
Henry Huang, Prairie View A&m University;
Weimin Wang, St. Louis University;
Jian Zhou, Binghamton University;
Discussant: Paul Andre, Essec Business School Paris
On the Association between Corporate Governance and Earnings Quality
Konduru Sivaramakrishnan, University of Houston;
Shaokun Yu, Northern Illinois University;
Discussant: Stephen L Taylor, University of New South Wales
Session Title: 5.17. Effects of Accounting Choice (Financial Accounting and Reporting)
Moderator: Aljosa Valentincic, University of Ljubljana
The Challenges of Improving Revenue-Recognition Standards for Multiple-Element Firms:
Evidence from the Software Industry (SOP 97-2)
Anup Srivastava, Northwestern University;
Discussant: Kumar Sivakumar, Boston University
The Value Relevance of Alternative Accounting Methods in the Oil and Gas Industry
Wael Aguir, The University of Texas at San Antonio;
Jeff P Boone, The University of Texas at San Antonio;
Discussant: Kumar Sivakumar, Boston University
Session Title: 5.18. Executive compensation and Executive Stock Options (Financial Accounting and Reporting)
Moderator: Xiaoyan Cheng, University of Nebraska - Lincoln
The Pricing and Determinants of the Discretionary Component of Employee Stock Option Value
Chii - Shyan Kuo, National Tsing Hua University (Taiwan);
Discussant: Francois Brochet, Harvard University
Market Valuation of Stock Option Compensation: Changes in sentiment or reporting?
Mary Ellen Carter, The Wharton School - Univ of Pennsylvania;
Billy Soo, Boston College;
Valentina Zamora, Boston College;
Discussant: Francois Brochet, Harvard University
The Impact of SFAS 123R on Firm Compensation Behavior and Performance
Zining Li, Southern Methodist University;
Suning Zhang, George Mason University;
Discussant: Francois Brochet, Harvard University
Session Title: 5.19. Information and Analysts' Forecasts (Financial Accounting and Reporting)
Moderator: Shail Pandit, The University of Illinois at Chicago
Analysts’ Superiority in Processing
Public Information: Evidence from
Recommendation Revisions
Zheng Wang, California State University San Marcos;
Discussant: Renee (Price) Hall, University of Oklahoma
When Do Financial Analysts Look to Others for Answers?
Michael B. Clement, University of Texas at Austin;
Jeffrey Hales, University of Texas at Austin;
Yanfeng Xue, University of Texas at Austin;
Discussant: Renee (Price) Hall, University of Oklahoma
How Does Prior Information Affect Analyst Forecast Herding?
Minsup Song, Sogang University;
Judith Swisher, Western Michigan University;
Michele O' Neill, University of Idaho;
Discussant: Renee (Price) Hall, University of Oklahoma
Session Title: 5.20. Management Earnings Forecasts (Financial Accounting and Reporting)
Moderator: Juan Manuel Sanchez, University of Arkansas
The Effect of Disclosure on the Pay-Performance Relation
Gus De Franco, University of Toronto;
Ole - Kristian Hope, University of Toronto;
Stephannie Larocque, University of Toronto;
Discussant: Benjamin Nelson Lansford, Northwestern University
The Effect of Management Earnings Forecasts
on the Relationship between Returns and Future Earnings and the Implications for the Continuation of Management’s Quarterly Earnings Guidance
Jong - Hag Choi, Seoul National University;
Linda A Myers, Texas A & M University;
Yoonseok Zang, Singapore Management University;
Yoonseok Zang, Singapore Management University;
David A Ziebart, University of Kentucky;
Discussant: Benjamin Nelson Lansford, Northwestern University
Optimistic Bias in Management Forecasts by Japanese Firms to Avoid Forecasting Losses
Myojung Cho, Fordham University;
Young D. Hah, Waseda University;
Oliver Kim, University of Maryland;
Discussant: Benjamin Nelson Lansford, Northwestern University
Session Title: 5.21. Pensions (Financial Accounting and Reporting)
Moderator: Areewan Aimdilokwong, University of Nebraska - Lincoln
Value Relevance of Pension Transition Adjustments and Other Comprehensive Income Components in the Adoption Year of SFAS No. 158
Santanu Mitra, Wayne State University;
Mahmud Hossain, University of Memphis;
Discussant: Mikhail Pevzner, George Mason University
An Empirical Investigation of the Defined Benefit Pension Plan Freeze Decision
Cathy Beaudoin, The University of Vermont;
Nandini Chandar, Drexel University;
Edward Werner, Drexel University;
Discussant: Siva Nathan, Georgia State University
Pension Plan Accounting Estimates and the Freezing of Defined Benefit Pension Plans
Joseph Comprix, Syracuse University;
Karl A. Muller, The Pennsylvania State University;
Discussant: Siva Nathan, Georgia State University
Session Title: 5.22. SEC Update-- Regulators Discussion of International Accounting Issues (Financial Accounting and Reporting)
Moderator: Scott Taub, Financial Reporting Advisors
Panelists:
Julie Erhardt, U.S. Securities And Exchange Commission
James Kroeker, U.S. Securities And Exchange Commission
Zoe - Vanna Palmore, U.S. Securities And Exchange Commission
Session Title: 5.23. The Debate on Intangibles: The Contribution of Research (Financial Accounting and Reporting)
Moderator: Robert Hodgkinson, Institute of Chartered Accountants In England And Wales (I.C.A.E.W.)
Panelists:
Christopher Ittner, Wharton School of the University of Pennsylvania
Robert Laux, Microsoft Corporation
Baruch Lev, New York University
Douglas Skinner, Graduate School of Business University of Chicago
Tuesday, August 5, 2008 — 4:00 pm-5:30 pm
Session Title: 6.16. Abnormal Earnings/RI Models (Financial Accounting and Reporting)
Moderator: Peter F. Oehlers, West Chester University
Autocorrelation and Stock Price Forecasts: An Implementation of the Residual Income Model
Huong Higgins, Worcester Polytechnic Institute;
Discussant: Jidong Zhang, Beijing International Studies University
On the Relevance of Earnings Components:
Valuation and Forecasting Links
Peter F Pope, Lancaster University;
Peng Wang, Imperial College London;
Discussant: Judson A Caskey, University of California - Los Angeles
CEO’s Equity-based Compensation, Earnings Attributes and Cost of Capital
Pervaiz Alam, Kent State University;
Min Liu, Kent State University;
Linda J. Zucca, Kent State University;
Discussant: Judson A Caskey, University of California - Los Angeles
Session Title: 6.17. Conceptual Framework (Financial Accounting and Reporting)
Moderator: Joan Disalvio, Rutgers University
Monopoly or Competition: Standard Setting in the Private and Public Sector
Karim Jamal, University of Alberta;
Shyam Sunder, Yale University;
Discussant: John L Abernathy, University of Alabama
Information Asymmetry, Decision-usefulness and the Conceptual Framework
Benzion Barlev, The Ruppin Academic Center Israel;
Joshua Rene Haddad, The Ruppin Academic Center Israel;
Discussant: Jacqueline Louise Birt, Australian National University
The Conceptual Framework: Revisiting the Basics - a comment on Hicks and the concept of ‘income’ in the conceptual framework
Michael Bromwich, London School of Economics;
Richard H Macve, London School of Economics;
Shyam Sunder, Yale University;
Discussant: Ananda Ganguly, Claremont McKenna College (Claremont Colleges)
Session Title: 6.18. Corporate Governance: International Experiences (Financial Accounting and Reporting)
Moderator: Qian Wang, University of Kansas
The Extent of Disclosure in Annual Reports of Banking Companies: the Case of India
Dr. Mohammed Hossain, Qatar University;
Discussant: Randall Xu, University of Houston - Clear Lake
Audit Committee Effectiveness and Financial Reporting Quality: Evidence from Low and Mid-Tier Australian Firms
Won Sil Kang, Macquarie University;
Alan Kilgore, Macquarie University;
Sue Wright, Macquarie University;
Discussant: Timothy J. Fogarty, Case Western Reserve Univeristy
Industry product market competition and corporate governance
Christo Karuna, University of California Irvine;
Discussant: Paul J Brown, University of Technology Sydney
Session Title: 6.19. Executive Stock Options and Disclosure (Financial Accounting and Reporting)
Moderator: Laurel A Franzen, University of Texas Dallas
Conversion versus Liquidation:
A Further Examination of Executive Stock Option Exercises
David Veenman, Amsterdam Business School University of Amsterdam;
Allan Hodgson, Amsterdam Business School University of Amsterdam;
Bart J. Van Praag, Amsterdam Business School University of Amsterdam;
Wei Zhang, University at Albany SUNY;
Discussant: Leslile Hodder, Indiana University
Valuing Employee Stock Options: Do Managers Use Lattice Models to Understate Option Values?
Brian Bratten, The University of Texas at Austin;
Ross Jennings, The University of Texas at Austin;
Casey Schwab, The University of Texas at Austin;
Discussant: Leslile Hodder, Indiana University
Market Reactions to Executive Option Repricings
Yi - Mien Lin, National Chung Hsing University;
Woody M. Liao, University of California Riverside;
Ming- Hung Hsieh, Deloitte & Touche Taiwan;
Discussant: Leslile Hodder, Indiana University
Session Title: 6.20. Information and Decision Making (Financial Accounting and Reporting)
Moderator: Yonca Ertimur, Duke University
Benefit of the Doubt in Financial Reporting
Lisa Koonce, University of Texas at Austin;
Michael Williamson, University of Texas at Austin;
Jen Winchel, University of South Carolina;
Discussant: Steven Huddart, Penn State University
Information Uncertainty, Corporate Disclosure and Stock Return Volatility
Michel Magnan, Concordia University ;
Bixia Xu, Wilfrid Laurier University ;
Discussant: Steven Huddart, Penn State University
Value relevance or valence? The effect of shareholders' preferences on their information-seeking behavior
Jane M Thayer, University of Georgia;
Discussant: Steven Huddart, Penn State University
Session Title: 6.21. Meeting or Beating Benchmarks (Financial Accounting and Reporting)
Moderator: Ana C. Marques, Universidade Nova De Lisboa
Backlash against the Numbers Game: Evidence from How Investors and Analysts React to a Zero and Small Positive Earnings Surprises
Zhi - Xing Lin, National University of Singapore;
Michael Shih, National University of Singapore;
Discussant: Rick Johnston, Ohio State
Analyst vs. Market Expectations of Earnings Management to Avoid Small Losses
Michael Eames, Santa Clara University;
Yongtae Kim, Santa Clara University;
Discussant: Rick Johnston, Ohio State
An Analysis of Managerial Use and Market Consequences of Earnings Management and Expectation Management
Somnath Das, University of Illinois at Chicago;
Kyonghee Kim, University of Illinois at Chicago;
Sukesh Patro, Kansas State University;
Discussant: Rick Johnston, Ohio State
Session Title: 6.22. Perception Management (Financial Accounting and Reporting)
Moderator: Karen Teitel, College of The Holy Cross
Redefining Assets: A Proposal for the Conceptual Framework
Richard Gore, Fort Lewis College;
Richard Samuelson;
Discussant: Paul Polinski, Grant Thornton LLP
Business Combinations Accounting in the United States from AICPA to FASB: A Study on the Impact on M&A Activity
Humberto Rito Ribeiro, De Montfort University;
David Ernest Crowther, De Montfort University;
Discussant: Mahendra Gujarathi, Bentley College
Session Title: 6.23. Valuation and Earnings Management (Financial Accounting and Reporting)
Moderator: Ying Huang, University of Kansas
The use of advertising activities to meet earnings benchmarks: Evidence from monthly data
Daniel Cohen, New York University;
Raj Mashruwala, Washington University;
Tzachi Zach, Washington University;
Discussant: Minlei Ye, University of British Columbia
An Examination of SFAS 146 Restructuring Charges
Yong Lee, Columbia University;
Discussant: J L Souza, Penn State University
The Persistence and Value Relevance of Earnings - The Unique Effect of Depreciation
C.S. Agnes Cheng , Louisiana State University ;
Cathy Zishang Liu, Louisiana Tech University ;
Discussant: Feng Tian, University of California - Irvine
Session Title: 6.24. XBRL and Interactive Data in Prime Time (Financial Accounting and Reporting)
Moderator: Roger Debreceny, University of Hawai`i at Manoa
Panelists:
Glen L. Gray, California State University at Northridge
Frank Hodge, University of Washington
Jeff Naumann, Securities And Exchange Commission
Campbell Pryde, Morgan Stanley
Wednesday, August 6, 2008 — 10:15 am-11:45 am
Session Title: 7.14. Accounting and Efficiency (Financial Accounting and Reporting)
Moderator: Mark Kohlbeck, Florida Atlantic University
Legal Liability Coverage, Accruals Quality, and Investment Efficiency: Evidence from Canada
Hyeesoo Sally Chung, Arizona State University - West Campus;
Jinyoung Park Wynn, Louisiana Tech University;
Han Yi, University of Oklahoma;
Discussant: Zvi Singer, McGill University
Recordkeeping and Economic Development
Sudipta Basu, Temple University;
Marcus Kirk, Emory University;
Gregory Waymire, Emory University;
Discussant: Mark Kohlbeck, Florida Atlantic University
Corporate Lobbying and Financial Performance
Hui Chen, University of Colorado ;
David Parsley, Vanderbilt University;
Ya - Wen Yang, University of Miami;
Discussant: Monica Neamtiu, University of Arizona
Session Title: 7.15. Analytical Modeling Disclosures (Financial Accounting and Reporting)
Moderator: Naomi Rothenberg, Depauw University
Oligopoly, Disclosure and Earnings Management
Mark Bagnoli, Purdue University;
Susan G. Watts, Purdue University;
Discussant: Carolyn M Callahan, University of Arkansas - Fayetteville
Influence of Capital Gains Tax Policy on Credibility of Unverified Disclosures
John S Hughes, University of California at Los Angeles;
Michael G Williams, Gradient Analytics Inc.;
Discussant: Carolyn M Callahan, University of Arkansas - Fayetteville
Session Title: 7.16. Analytical Modeling-General (Financial Accounting and Reporting)
Moderator: Mariah Clare Webinger, University of Nebraska - Lincoln
The Economic Content of Deferred Tax Liabilities
Erlend Kvaal, Norwegian School of Management;
Discussant: Enyi Patrick Enyi, Covenant University Canaanland Ota Nigeria
An Investigation of Nonlinearity in Equity Valuation
Hemantha Herath, Brock University;
Raafat R. Roubi, Brock University;
A. William Richardson, McMaster University;
Discussant: Enyi Patrick Enyi, Covenant University Canaanland Ota Nigeria
The Interaction between Aggressive Accounting System Choices and Hidden Actions
Shin'ya Okuda, Osaka Gakuin University;
Discussant: Enyi Patrick Enyi, Covenant University Canaanland Ota Nigeria
Session Title: 7.17. Conditional Conservatism (Financial Accounting and Reporting)
Moderator: Alireza Daneshfar Ph.D., University of New Haven
Conditional Conservatism in Accounting:
New Measure and Tests of Determinants
Giorgio Gotti, University of Massachusetts Boston;
Discussant: Sophia Hamm, University of Pennsylvania
The economic determinants of conditional conservatism
Juan Manuel Garcia Lara, Universidad Carlos III Madrid;
Beatriz Garcia Osma, Universidad Autonoma Madrid;
Fernando Penalva, IESE Business School University of Navarra;
Discussant: Sophia Hamm, University of Pennsylvania
How Timely are Earnings when Costs are Sticky? Implications for the Link between Conditional Conservatism and Cost Stickiness
Carsten Homburg, University of Cologne;
Julia Nasev, University of Cologne;
Discussant: Yaqi Shi, University of Western Ontario
Session Title: 7.18. Cost of Capital and Risk (Financial Accounting and Reporting)
Moderator: Francois Brochet, Harvard University
Variability of Book-Tax Differences, Information Uncertainty, and Implied Cost of Capital
Dan S. Dhaliwal, University of Arizona;
Robert Huber, University of Arizona;
Hye Seung Grace Lee, University of Arizona;
Morton Pincus, University of California Irvine;
Morton Pincus, University of California Irvine;
Discussant: Thomas C Omer, Texas A & M University
Cost of Equity and Risk in Earnings Components
Alexander Nekrasov, University of Minnesota;
Discussant: Partha S Mohanram, Columbia Business School
U.S. Cross-Listing and the Cost of Debt
Yigit Atilgan, CUNY - Baruch College;
Paquita Y. Davis - Friday, CUNY - Baruch College;
Aloke Ghosh, CUNY - Baruch College;
Discussant: Jieying Zhang, University of Southern California
Session Title: 7.19. Earnings Quality and Disclosure (Financial Accounting and Reporting)
Moderator: Mary Fischer, The University of Texas at Tyler
Competitive Advantages and the Effect on Future Firm-Specific Profitability
Victoria Dickinson, University of Florida;
Gregory A Sommers, Southern Methodist University;
Discussant: Asher Curtis, University of Utah
PRC firms with primary foreign listings, economic determinants and the impact on earnings quality
Ling Mei Cong, Curtin University of Technology;
Alistair Brown, Curtin University of Technology;
Greg Tower, Curtin University of Technology;
J - L.W. Mitchell Van Der Zahn, Curtin University of Technology;
Discussant: Asher Curtis, University of Utah
Earnings Quality and Information Asymmetry: Evidence from Trading Costs
Neil Bhattacharya, Southern Methodist University;
Hemang Desai, Southern Methodist University;
Kumar Venkataraman, Southern Methodist University;
Discussant: Asher Curtis, University of Utah
Session Title: 7.20. Factors Influencing the Characteristics of Earnings (Financial Accounting and Reporting)
Moderator: Li Xu, Morgan State University
On the Relation between Expected Returns and Implied Cost of Capital
John Hughes, University of California Los Angeles;
Jing Liu, University of California Los Angeles;
Jun Liu, University of California San Diego;
Discussant: Phillip C. Stocken, Dartmouth College
Do Overlapping Memberships on Audit and Compensation Committees Improve a Firm’s Financial Reporting Quality?
Nandini Chandar, Drexel University;
Hsihui Chang, Drexel University;
Xiaochuan Zheng, Bryant University;
Discussant: Phillip C. Stocken, Dartmouth College
An Examination of Voluntary Disclosure on the Post-Earnings Announcement Drift
Changjiang Wang, Florida International University ;
Discussant: Phillip C. Stocken, Dartmouth College
Session Title: 7.21. FASB-IASB-SEC Update (Financial Accounting and Reporting)
Moderator: Terry D Warfield, University of Wisconsin
Panelists:
Mary Barth, International Accounting Standards Board
James Kroeker, U.S. Securities And Exchange Commission
Tom Linsmeier, Financial Accounting Standards Board
Session Title: 7.22. Information Dissemination (Financial Accounting and Reporting)
Moderator: Cindy Yoshiko Shirata, University of Tsukuba
Evidence of Differential Property of Analysts’ Forecast Variance in Good-News and Bad-News Environments and its usefulness
Davit Adut, University of Cincinnati;
Pradyot Sen, University of Cincinnati;
Praveen Sinha, The George L. Argyros School of Business & Economics;
Discussant: Neil Bhattacharya, Southern Methodist University
The Interdependence between Institutional Investor Stock Ownership and Information Dissemination by Capital Market Data Aggregators
Julia D’souza, Cornell University;
K. Ramesh, Michigan State University and U.S. Securities And Exchange Commission (Academic Fellow);
Min Shen, George Mason University;
Discussant: Neil Bhattacharya, Southern Methodist University
Can Supplementary Disclosures Eliminate Post-Earnings-Announcement Drift? The Case of Management Earnings Guidance
Haidan Li, University of Iowa;
Senyo Tse, Texas A & M University;
Discussant: Neil Bhattacharya, Southern Methodist University
Session Title: 7.23. Real Earnings Management (Financial Accounting and Reporting)
Moderator: Ahmed Ebrahim, SUNY New Paltz
Real Activity Manipulation to Meet Analyst Cash Flow Forecast
Weining Zhang, University of Texas at Dallas;
Discussant: Brian Rountree, Rice University
The Effects of Real Earnings Management on the Firm, its Competitors and Subsequent Reporting Periods
Craig J Chapman, Harvard Business School;
Discussant: Brian Rountree, Rice University
Quarterly R&D Decision in the Earnings Surprise Games
Meng Yan, Fordham University;
Discussant: Brian Rountree, Rice University
Session Title: 7.24. Using Accounting Numbers to Predict (Financial Accounting and Reporting)
Moderator: Troy D. Janes, Rutgers Unversity - Camden
Managerial Ownership, Firm Characteristics, and the Information Content of Earnings
Emeka T. Nwaeze, University of Texas - San Antonio;
Henri A. Ada, University of Texas - San Antonio;
Discussant: Gia Chevis, Baylor University
The Usefulness of Accounting Estimates
Baruch Lev, New York University;
Siyi Li, University of Illinois at Urbana - Champaign;
Theodore Sougiannis, University of Illinois at Urbana - Champaign;
Discussant: Gia Chevis, Baylor University
The Effect of SFAS No.142 on the Ability of Goodwill Predicting Future Cash Flows
Cheol Lee, Wayne State University;
Discussant: Gia Chevis, Baylor University
Wednesday, August 6, 2008 — 2:00 pm-3:30 pm
Session Title: 8.18. Consequences of Sarbanes Oxley I (Financial Accounting and Reporting)
Moderator: Nerissa C Brown, University of Southern California
The Effect of Section 404 of the Sarbanes-Oxley Act on Financial Reporting
Zvi Singer, McGill University;
Haifeng You, Barclays Global Investors;
Discussant: Shyam V. Sunder, Northwestern University
Internal Control and Management Guidance
Mei Feng, University of Pittsburgh;
Chan Li, University of Pittsburgh;
Sarah McVay, University of Utah;
Discussant: Shyam V. Sunder, Northwestern University
The Impact of the Sarbanes-Oxley Act on Information Quality in Capital Markets
Joy Begley, University of British Columbia;
Qiang Cheng, University of British Columbia;
Yanmin Gao, University of Alberta;
Discussant: Shyam V. Sunder, Northwestern University
Session Title: 8.19. Corporate Governance and Strategy (Financial Accounting and Reporting)
Moderator: Isho Tama - Sweet, University of Oregon
Ownership Concentration, Foreign Shareholding, Audit Quality and Firm-Specific Return Variation: Evidence from China
Ferdinand A. Gul, The Hong Kong Polytechnic University;
Jeong - Bon Kim, The Hong Kong Polytechnic University;
Aini Qiu, Citic Securities Beijing;
Discussant: Ian Drummond Gow, Stanford University
Mandatory Forecast Error Threshold and Corporate Governance: Evidence from the Emerging Taiwan Market
Cheng - Hwai Liou, National Taichung Institute of Technology;
Guang- Zheng Chen, Department of Business Administration National Central University;
Discussant: Ian Drummond Gow, Stanford University
Competitive Strategy and Financial Ratios
Gloria Liu, The University of Texas at Dallas;
Suresh Radhakrishnan, The University of Texas at Dallas;
Yue Zhang, The University of Texas at Dallas;
Discussant: Ian Drummond Gow, Stanford University
Session Title: 8.20. Debt and Accounting (Financial Accounting and Reporting)
Moderator: Flora Niu, Wilfrid Laurier University
Credit Ratings as Determinants for the Use of Covenants in Corporate Bonds
J. Matthew Bonnett, Lancaster University;
Martien J. P. Lubberink, Lancaster University;
Kenneth V. Peasnell, Lancaster University;
Discussant: Laurel A Franzen, University of Texas Dallas
Earnings Dilution, Incentive Compensation, and Capital Structure
Rong Huang, Baruch College - City University of New York;
Carol Marquardt, Baruch College - City University of New York;
Bo Zhang, Baruch College - City University of New York;
Discussant: Rong Yang, SUNY - College at Brockport
Interactions between Corporate Governance, Bankruptcy Law and Firms' Debt Financing: The Brazilian Case
Fernando Caio Galdi, Fucape Business School;
Bruno Funchal, Fucape Business School;
Alexsandro Lopes, Manchester Business School And University of Sao Paulo ;
Discussant: Laurel A Franzen, University of Texas Dallas
Session Title: 8.21. Determinants of the Value of Analyst Research (Financial Accounting and Reporting)
Moderator: Heli Marjut Hookana, Turku School of Economics
Management Guidance and the Informativeness of Analyst Research
Bin Miao, National University of Singapore;
Discussant: Sudipta Basu, Temple University
R&D Intensity and the Value of Analysts’ Recommendations
Dan Palmon, Rutgers University;
Ari Yezegel, Rutgers University;
Discussant: Sudipta Basu, Temple University
Does Analyst Forecasting Behavior Explain Anomalous Stock Market Reactions to Information in Components of Cash Flows and Accruals?
Dana Hollie, Univeristy of Colorado;
Philip B Shane, The Univeristy of Colorado and The University of Auckland;
Qiuhong Zhao, Univeristy of Colorado;
Discussant: Sudipta Basu, Temple University
Session Title: 8.22. Earnings-Return Relation (Financial Accounting and Reporting)
Moderator: Jenifer A Daley, University of The West Indies Kingston Jamaica
The Accounting Consequences of Accelerated Share Repurchases*
Victoria Dickinson, University of Florida;
Paul Kimmel, University of Wisconsin - Milwaukee;
Terry Warfield, University of Wisconsin - Madison;
Discussant: Nicole Jenkins, Vanderbilt University
Aggregate Market Reaction to Earnings Announcements
William M. Cready, University of Texas at Dallas;
Umit Gurun, University of Texas at Dallas;
Discussant: Mei Cheng, The University of Arizona
The Effects of Backdating on Earnings Response Coefficients
Xiaoyan Cheng, University of Nebraska - Lincoln;
Aaron Crabtree, University of Nebraska - Lincoln;
David B. Smith, University of Nebraska - Lincoln;
Discussant: Stephan A. Fafatas, Washington And Lee University
Session Title: 8.23. Fair Value Accounting (Financial Accounting and Reporting)
Moderator: Elaine Henry, University of Miami
Usefulness of Comprehensive Income Reporting in Canada
Kiridaran Kanagaretnam, McMaster University;
Robert Mathieu, Wilfrid Laurier University;
Mohamed Shehata, Kuwait University & McMaster University;
Mohamed M. Shehata, Kuwait University and McMaster University;
Discussant: Clayton Forester, University of Minnesota
Risk Relevance of Fair Value Gains and Losses, and the Impact of Disclosure and Corporate Governance
Gauri Bhat, Washington University In St Louis;
Discussant: Clayton Forester, University of Minnesota
Session Title: 8.24. Insider Trading (Financial Accounting and Reporting)
Moderator: Paul D. Hutchison, University of North Texas
Disclosure Timeliness, Insider Trading Opportunities and Litigation Consequences
Mary Brooke Billings, New York University;
Discussant: Rong Huang, City University of New York - Baruch College
Institutional Investors and Insider Trading Profitability
Garen B Markarian, Instituto De Empresa;
Robert Bricker, Case Western Reserve University;
Discussant: Rong Huang, City University of New York - Baruch College
Is Board Structure One-Size-Fits-All? The Unintended Informational Consequence of the Sarbanes-Oxley Act
Huijing Fu, Texas Christian University;
Xiaoyun Yu , Indiana University;
Discussant: Rong Huang, City University of New York - Baruch College
Session Title: 8.25. Off-Balance Sheet Relationships and Disclosure (Financial Accounting and Reporting)
Moderator: Stephen Hillegeist, INSEAD
Participant-Mix and Management of Qualified Pension Plans
Sharad C Asthana, University of Texas at San Antonio;
Discussant: Bala Dharan, Rice University
Are Asset Securitizations Sales or Loans?
Wayne R Landsman, University of North Carolina;
Ken Peasnell, Lancaster University;
Catherine Shakespeare, University of Michigan;
Discussant: Bala Dharan, Rice University
Session Title: 8.26. Regulation FD and Disclosure (Financial Accounting and Reporting)
Moderator: Jong Chool Park, Rensselaer Polytechnic Institute
Regulation Fair Disclosure and Capital Structure
Reining Chen, The Ohio State University;
Discussant: Devin Shanthikumar, Harvard Business School
Methodological and Empirical Analysis of Problems in the Measurement of Voluntary Disclosure
Cristina Abad, Universidad De Sevilla;
Francisco Bravo, Universidad De Sevilla;
Marco Trombetta, Instituto De Empresa;
Discussant: Devin Shanthikumar, Harvard Business School
The Incidence and Capital Market Consequences of Expectations Management in the
Post-Regulation FD Period
Sherry Fang Li, Rider University;
Discussant: Devin Shanthikumar, Harvard Business School
Wednesday, August 6, 2008 — 4:00 pm-5:30 pm
Session Title: 9.12. Consequences of Sarbanes Oxley II (Financial Accounting and Reporting)
Moderator: Victoria Dickinson, University of Florida
The Robustness of the Sarbanes Oxley Effect on the U.S. Capital Market
Thomas Bowe Hansen, University of New Hampshire;
Grace Pownall, Emory University;
Xue Wang, Emory University;
Discussant: Angela Davis, University of Oregon
Do cross-listed firms provide the same quality disclosure as U.S. firms? Evidence from the internal control deficiency disclosure under Section 302 of the Sarbanes-Oxley Act
Guojin Gong, The Pennsylvania State University;
Bin Ke, The Pennsylvania State University;
Yong Yu, University of Texas at Austin;
Discussant: Angela Davis, University of Oregon
The Effect of Sarbanes-Oxley on Earnings Management Behavior
George R Wilson, Louisiana State University;
Discussant: Angela Davis, University of Oregon
Session Title: 9.13. Conservatism (Financial Accounting and Reporting)
Moderator: Michael M. Grayson, Texas A& M International University
Ex-Post Change in Conservatism and Debt-Covenant Slack
Bong Hwan Kim, Washington University In St. Louis;
Discussant: Matthew M Wieland, University of Georgia
Accounting Conservatism and Earnings News: An Empirical Investigation
Bong Hwan Kim, Washington University;
Mikhail Pevzner, George Mason University;
Discussant: Matthew M Wieland, University of Georgia
Session Title: 9.14. Debt contracting (Financial Accounting and Reporting)
Moderator: Haiwen Zhang, The Ohio State University
The Impact of the Sarbanes-Oxley Act on Private Debt Contracting
Sangshin Pae, Purdue University;
Discussant: Brian Bratten, University of Texas at Austin
The Information Content of Private Debt Placements
Uday Chandra, State University of New York - Albany;
Nandu Nayar, Lehigh University;
Discussant: George Papadakis, Boston University
Reflections on the Relation between Debt and Equity Stakeholders in Companies when Debt Ratings Fall
John S. Bildersee, New York University;
Discussant: Yinghua Li, Purdue University
Session Title: 9.15. Earnings Components: Timeliness, Persistence and Returns (Financial Accounting and Reporting)
Moderator: Ching Tung Keung, National University of Singapore
Audit Quality and the Accrual Anomaly
Dennis J Chambers, Von Allmen School of Accountancy; University of Kentucky;
Jeff Payne, Von Allmen School of Accountancy; University of Kentucky;
Discussant: Andrew C Call, University of Georgia
The Persistence of Cash Flow Components into Future Earnings
Neal H Arthur, The University of Sydney;
Marco Cheng, Macquarie Bank;
Robert M Czernkowski, The University of Sydney;
Discussant: Andrew C Call, University of Georgia
Investment Dynamics and the Timeliness Properties of Accounting Numbers
George Papadakis, Boston University;
Discussant: Andrew C Call, University of Georgia
Session Title: 9.16. Earnings Restatement (Financial Accounting and Reporting)
Moderator: Veronda F Willis, The University of Texas at San Antonio
Changes in Market Reactions to Financial Restatement Announcements
Ying Huang, University of Kansas;
Discussant: Craig J Chapman, Harvard Business School
After a Restatement: The Long-Run Market and Investor Response
Laura Frieder, Purdue University;
Devin Shanthikumar, Harvard Business School;
Discussant: Craig J Chapman, Harvard Business School
The Vertical Information Transfer Effects of Earnings Restatements along the Supply Chain
Sheng - Syan Chen, National Taiwan University;
Shu - Miao Lai, National Chengchi University;
Discussant: Craig J Chapman, Harvard Business School
Session Title: 9.17. Financial Market Regularities (Financial Accounting and Reporting)
Moderator: Changling Chen, University of Waterloo
The Effect of Information Quality on Liquidity Risk
Jeffrey Ng, Univeristy of Pennsylvania;
Discussant: Per Olsson, Duke University
Relative Firm Profitability and Stock Price Sensitivity to Aggregate Information
Shengquan Hao, Hong Kong University of Science And Technology & Shanghai Jiaotong University;
Guochang Zhang, Hong Kong University of Science And Technology;
Discussant: Yvonne Lu, University of Southern California
Stock Returns and Trading Activity
Around Earnings Announcements for Chinese A-Shares
Henk Berkman, Massey University;
Paul Koch, University of Kansas;
Ying Jenny Zhang, Missouri State University;
Discussant: Daniel J Taylor, Stanford University
Session Title: 9.18. International Reporting Issues (Financial Accounting and Reporting)
Moderator: Jan L. Williams, University of Baltimore
Intellectual capital disclosure, civil war, and realized earnings in current stock return
Indra Abeysekera, University of Wollongong Australia;
Discussant: James McKeown, The Pennsylvania State University
Choosing Cost versus Fair Value: International Evidence from the European Real Estate Industry
Upon Adoption of IFRS
Karl Muller, Penn State University;
Edward Riedl, Harvard Business School;
Thorsten Sellhorn, Ruhr - Universitat Bochum;
Discussant: Erlend Kvaal, Norwegian School of Management
Mandatory IFRS Reporting Around the World: Early Evidence on the Economic Consequences
Holger Daske, University of Mannheim;
Luzi Hail, University of Pennsylvania;
Christian Leuz, University of Chicago;
Rodrigo Verdi, Massachusetts Institute of Technology;
Discussant: James McKeown, The Pennsylvania State University
Session Title: 9.19. Opportunism and Earnings Management (Financial Accounting and Reporting)
Moderator: Lisa Eiler, University of Oregon
Opportunism and the Related Consequences in the IPO Setting
Mary Brooke Billings, New York University;
Melissa F. Lewis, University of Utah;
Discussant: Victoria Shao - Pin Wang, National Chung Hsing University
The Effect of Bank Monitoring on Earnings Management
Sungyoon Ahn, Korea University Business School;
Wooseok Choi, Korea University Business School;
Discussant: Wan Wongsunwai, Northwestern University
Earnings Management and the Cost of Debt
Chris Skousen, Utah State University;
Andrew K. Prevost, Ohio University;
Christopher J. Skousen, Utah State University;
Ramesh P. Rao, Oklahoma State University;
Discussant: Wan Wongsunwai, Northwestern University
Session Title: 9.20. The Quality of Earnings (Financial Accounting and Reporting)
Moderator: Hong Zhu, Loyola College In Maryland
Media Exposure and Earnings Quality in Initial Public Offerings
Robert Kieschnick, University of Texas at Dallas;
Suresh Radhakrishnan, University of Texas at Dallas;
Albert Tsang, University of Texas at Dallas;
Discussant: Hong Xie, Syracuse University
The Quality of Pro Forma Earnings: An Examination of the Adverse Selection Component of the Bid-Ask Spread around Earnings Announcements
Qianyun (Ivy) Huang, Florida Atlantic University;
Terrance Skantz, Florida Atlantic University;
Discussant: Hong Xie, Syracuse University
Geographical Location and Corporate Disclosures
Oktay Urcan, London Business School;
Discussant: Joung W Kim, Nova Southestern University
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