American Accounting Association

AUGUST 6-10, 2011  •  DENVER, COLORADO

Wednesday August 10, 2011
2:00 pm-3:30 pm

[1.5 Credit Hours]

Our Premier Sponsors   

8.1 Honing the Craft of Teaching: Reflections on the CTLA and Future Plans
Moderators:
Cassy Budd, Brigham Young University and Tracie Nobles, Austin Community College
(NASBA Field of Study: Accounting)

Presenters:
CTLA Faculty and Attendees

8.2 2011 AAA Innovation in Accounting Education Award Winner: Experiential Learning via an Innovative Inter-University IFRS Student Video Competition
Moderator:
Donald E. Wygal, Rider University
(NASBA Field of Study: Accounting)

Recipients/Presenters:
Mark A. Holtzblatt, Roosevelt University
Norbert Tschakert, Salem State University

8.3 Positive Psychology: The Science of Well-Being for Accounting Professionals and Students
Moderator:
Dale Flesher, University of Mississippi
(NASBA Field of Study: Accounting)

Panelists:
Marsha M. Huber, Youngstown State University
Alexis Karris, Metropolitan State College of Denver
Janeen Persiridis, University of Pennsylvania

Description
Positive psychology is the science of happiness, well-being, strengths and virtues, optimism, resilience, and optimism. Panelists will discuss what the science of positive psychology has to offer the accounting profession—both for students and professionals. Current trends for business professionals will be discussed as well as implications for accounting education.

8.4 Accounting in History: Moving Forward by Looking Back
Moderator:
Cheryl S. McWatters, University of Ottawa
(NASBA Field of Study: Accounting)

Panelists:
Sudipta Basu, Temple University
Yuri Biondi, Researcher, CNRS and Professor, Conservatoire National des Arts et Metiers of Paris (Cnam)
Garen Bedros Markarian, IE Business School
Jacques Richard, Université Paris-Dauphine, Paris
Robert Watson, Instituto de Empresa Business School, Madrid

8.5 Behavioral Research: Modeling
Moderator:
Bryan Stewart, University of South Carolina
(NASBA Field of Study: Accounting)

A Re-examination of the Factor Structure of the Academic Motivation Scale
Donald L. Rosenberg, Towson University; Jeanette A. Davy, Wright State University; Kenneth J. Smith, Salisbury University;
Discussant: Mostafa M. Maksy, Kutztown University of Pennsylvania
[Paper withdrawn]

Individualism, Uncertainty Avoidance, and Earnings Momentum in International Markets
Paul Dou, University of Technology, Sydney; James Hunton, Bentley University; Cameron Truong, Monash University; Madhu Veeraraghavan, Monash University;
Discussant: Edward R. Walker, University of Central Oklahoma

The Influence of Self-attribution Bias on Managerial Incentives and the Choice of Performance Measures
Bjoern Anton, TUM School of Management, Munich;
Discussant: To Be Announced

8.6 Behavioral Hodge Podge — Something for Everyone
Moderator:
Cathleen L. Miller, Wayne State University
(NASBA Field of Study: Accounting)

The Effects of Outcome Severity, Contributory Negligence and Demographic Characteristics on Juror Decision Making in Tax Malpractice Litigation
Dan Harris, University of Mississippi; Morris H. Stocks, University of Mississippi;
Discussant: Julia M. Camp, Providence College

Does Superstition Affect Stock Prices?
David Hirshleifer, Merage School of Business, UC Irvine; Ming Jian, Nanyang Technological University; Huai Zhang, Nanyang Technological University;
Discussant: Charles D. Bailey, University of Memphis

Auditing the Auditors: Reducing Inefficiencies in a Trilateral Relationship using the Subgame Perfect Folk Theorem
Stavros Dafnos, Management Accountant, Greek Ministry of Education and Ph.D. candidate, Brunel University; Menelaos Karanasos, Professor of Financial Economics, Brunel University, West London, United Kingdom;
Discussant: Marietta Peytcheva, Lehigh University

8.7 Financial Reporting for Taxes
Moderator:
Susan Gyeszly, Arizona State University
(NASBA Field of Study: Taxes)

Does Mandatory Disclosure Affect Recognition of Contingent Liabilities? Evidence from FIN 48
Andrew D. Gross, University of Wisconsin-Milwaukee;
Discussant: Michael A. Mayberry, Texas A&M

Distilling the reserve for uncertain tax positions: The revealing case of Black Liquor
Lisa De Simone, University of Texas at Austin; John R. Robinson, University of Texas at Austin; Bridget Stomberg, University of Texas at Austin;
Discussant: Ryan Wilson, University of Iowa

Investor Valuation of Tax Avoidance Through Uncertain Tax Positions
Allison Koester, Georgetown University;
Discussant: Stephanie A. Sikes, University of Pennsylvania

8.8 Mergers & Acquisitions
Moderator:
Charles R. Enis, Pennsylvania State University
(NASBA Field of Study: Taxes)

The Impact of Tax Rate Changes on Intercorporate Investment
Robert F. Gary, University of New Mexico; Jared A. Moore, Oregon State University; Craig A. Sisneros, University of Colorado Denver; William D. Terando, Butler University;
Discussant: Keith Sellers, University of Denver

The Evolution of Capital Structure and Operating Performance after Leveraged Buyouts: Evidence from U.S. Corporate Tax Returns
Jonathan B. Cohn, University of Texas at Austin; Lillian F. Mills, University of Texas at Austin; Erin M. Towery, University of Texas at Austin;
Discussant: Shane Heitzman, University of Rochester

Taxes, Financial Reporting Standards and the Role of Information Asymmetry in the Structuring of Cross-border Mergers and Acquisitions
Devan Mescall, University of Saskatchewan; Christy MacDonald, University of Waterloo;
Discussant: Sean T McGuire, Texas A&M University

8.9 Audit Report Timing
Moderator:
Carol C. Bishop, Kennesaw State University
(NASBA Field of Study: Auditing)

Audit Committee Directors' Financial Expertise and Audit Report Lag
John L. Abernathy, Oklahoma State University; Brooke Beyer, Oklahoma State University; Chad Matthew Stefaniak, Oklahoma State University;
Discussant: Jason W. Matthews, The University of Georgia

Causes and Consequences of Abnormally Long Audit Reporting Lags
Doug Carmichael, Baruch College (CUNY); Aloke (Al) Ghosh, Baruch College; Hakyin Lee, Baruch College (CUNY);
Discussant: Scott Bronson, University of Kansas

The Impact of Internal Audit Function Quality and Contribution on Audit Delays
Mina Pizzini, Southern Methodist University; Shu Lin, University of California, Fresno; Mark E. Vargus, Drexel University; Douglass Ziegenfuss, Old Dominion University;
Discussant: Jason L. Smith, University of Nevada, Las Vegas

8.10 A Dialogue about Determinants of Audit Quality and Earnings Management
Moderator:
Kim Ittonen, University of Vaasa
(NASBA Field of Study: Auditing)

Earnings Management and the Auditing Value in China
Yi-Pei Liu, Providence University; Yu-Shu Cheng, Kainan University, Taoyuan, Taiwan;

Female Auditors and Earnings Management
Kim Ittonen, University of Vaasa; Emilia Peni, University of Vaasa; Sami Vähämaa, University of Vaasa;

Gender and Gender Composition of Auditors and Audit Quality Audit Fees: Empirical Evidence from China
Dan Shi, Guanghua School of Management, Peking University, Beijing, China; ChunFei Wang, Guanghua School of Management, Peking University, Beijing, China;

The Role of Reputable Auditors and Underwriters in the Design of Bond Contracts
Yun Lou, London Business School; Florin Vasvari, London Business School;

8.11 A Dialogue about Audit Committee Characteristics and Outcomes
Moderator:
Nathan H Cannon, Bentley University
(NASBA Field of Study: Auditing)

Accounting Choices and Audit Committee Members Interlock
Ravi Dharwadkar, Syracuse University; David Harris, Syracuse University; Linna Shi, Syracuse University;

Audit Committee Characteristic and Loss Reserve Error
Fang Sun, Hunter College, CUNY; Xiangjing Wei, Wilson College; Yang Xu, University of Kansas;

Audit Committee Financial Experts and Insider Trading
Scott Duellman, Saint Louis Univeristy; Jun Guo, State University of New York at Binghamton; Yan Zhang, State University of New York at Binghamton; Nan Zhou, State University of New York at Binghamton;

What Happens to Auditor's Fees Where There Are Multiple Links between Audit Committee Members and Audit Partners?
CM Sarowar Hossain, The University of New South Wales; Gary S. Monroe, University of New South Wales;

8.12 A Dialogue about Auditing and Internal Control Issues
Moderator:
Adam Micah Vitalis, University of Wisconsin - Madison
(NASBA Field of Study: Auditing)

A Re-examination of Voluntary Reporting on Internal Control: Evidence from China
Fang Lou, Shanghai University of Finance and Economics; Rong Yang, SUNY, Brockport; Hongqi Yuan, Fudan University;

The Effect of Compliance with Sarbanes-Oxley Act Section 404 on Earnings Quality of Small Companies
Alexey Lyubimov, University of Central Florida; Greg Trompeter, University of Central Florida;

The Effect of the Type and Number of Internal Control Weaknesses and their Remediation on Audit Fees
Matthew J. Keane, Providence College; Randal Elder, Syracuse University; Susan M. Albring, Syracuse University;

The Effect of Voluntary Internal Control Audits on the Cost of Capital
Cory A. Cassell, University of Arkansas; Linda A. Myers, University of Arkansas; Jian Zhou, University of Hawaii at Manoa;

8.13 Models of the Effect of Accounting Information on Investment and Financing Decisions
Moderator:
Weimin Wang, Saint Louis University
(NASBA Field of Study: Accounting)

Conservatism's Effects on Capital Structure Efficiency and Accounting Information Quality
Lin Nan, Carnegie Mellon University; Xiaoyan Wen, University of Illinois at Chicago;
Discussant: Jose M. Plehn-Dujowich, Temple University

Investment, Cost of Capital, and Accounting for Past and Future Actions
Wei Li, University of Illinois at Urbana-Champaign; Pierre Jinghong Liang, Carnegie Mellon University; Xiaoyan Wen, University of Illinois at Chicago;
Discussant: Jose M. Plehn-Dujowich, Temple University

R&D Investment, Disclosure and the Horizon Problem
Ronald A. Dye, Northwestern University; Ning Gong, University of New South Wales; Ram N. V. Ramanan, University of California - Davis;
Discussant: Jose M. Plehn-Dujowich, Temple University

8.14 Management Forecasts II
Moderator:
Hai Lu, University of Toronto
(NASBA Field of Study: Accounting)

Management Forecast Regulation and Practice in Germany – Firm and Auditor Perspectives
Corinna Ewelt, University of Muenster; Thorsten Knauer, University of Muenster; Andreas Woempener, University of Muenster;
Discussant: Marcus Kirk, University of Florida

Misleading Earnings Guidance
Artur Hugon, Arizona State University; Kuan-Chen Lin, Arizona State University;
Discussant: Marcus Kirk, University of Florida

Using the Inconsistency of Private and Public Information to Identify Misleading Management Guidance
Xiaobo Dong, Arizona State University; Kuan-Chen Lin, Arizona State University;
Discussant: Marcus Kirk, University of Florida
[Paper withdrawn]

8.15 Analysts' Forecasting Performance
Moderator:
Ari Yezegel, Bentley University
(NASBA Field of Study: Accounting)

Exchange Sponsored Analyst Coverage
Wen He, University of New South Wales, Australia; Lakshmanan Shivakumar, London Business School; Baljit K. Sidhu, University of New South Wales, Australia; David Simmonds, University of New South Wales, Australia;
Discussant: Sudipta Basu, Temple University

A New Approach to Predicting Analyst Forecast Errors: Implications for Investment Decisions
Eric C. So, Stanford University;
Discussant: Matt Wieland, University of Georgia

Behavioral and Strategic Biases in Analysts' Forecast Revisions
Oliver Zhen LI, University of Arizona; Xiangang Xin, The Chinese University of Hong Kong; P. Eric Yeung, University of Georgia;
Discussant: Sudipta Basu, Temple University

8.16 Earnings Management Issues
Moderator:
Ziyun Yang, University of Houston
(NASBA Field of Study: Accounting)

Capital Structure, Equity Incentives, and Earnings Management through Accruals and Real Activities
Yvonne I-Fang Lee, The University of Texas at Arlington; Li-Chin Jennifer Ho, University of Texas at Arlington;
Discussant: Nam Duc Tran, Melbourne Business School

The Market's Assessment of the Probability of Meeting or Beating the Consensus
Guang Ma, University of Texas at Dallas; Stanimir Markov, University of Texas at Dallas;
Discussant: Nam Duc Tran, Melbourne Business School

Measuring Discretionary Accruals: Are ROA-Matched Models Better Than the Original Jones Type Models?
Michael S. H. Shih, National University of Singapore;
Discussant: Nam Duc Tran, Melbourne Business School

8.17 Management Forecasts III
Moderator:
Wanli Zhao, Worcester Polytechnic Institute
(NASBA Field of Study: Accounting)

The Frequency of Management Forecast and R&D Activities: Evidence from Japan
Mikiharu Noma, Hitotsubashi University;
Discussant: David S. Koo, University of Georgia

Are Managers Unable or Unwilling to Revise Earnings Forecasts?
Jared N. Jennings, University of Washington; Robert Christopher Stoumbos, University of Washington; Lloyd Tanlu, University of Washington;
Discussant: David S. Koo, University of Georgia

8.18 Credit Market Risk Exposure
Moderator:
Lisa Kutcher, Colorado State University
(NASBA Field of Study: Accounting)

Loan Loss Provisioning and Differences of Opinion
Lin Cheng, Fisher College of Business, The Ohio State University;
Discussant: Changjiang Wang, Florida International University

Does Accounting Quality Mitigate Risk Shifting?
Yuri Loktionov, University of Southern California;
Discussant: Changjiang Wang, Florida International University

Shareholder Litigation and Bank Loan Contracting
Saiying Deng, Southern illinois University Carbondale; Richard H. Willis, Vanderbilt University; Li Xu, Southern illinois University Carbondale;
Discussant: Changjiang Wang, Florida International University

8.19 Mitigation and Disclosure of Risk
Moderator:
Tiemei Sarah Li, University of Windsor
(NASBA Field of Study: Accounting)

On the Risk Relevance of Hedge Ineffectiveness Disclosures under SFAS 133
Zhu Liu, University of Connecticut; Gim Seow, University of Connecticut; Hong Xie, University of Kentucky;
Discussant: Matthew Stallings, University of Nebraska - Lincoln

The Sarbanes-Oxley Act and Exit Strategies of Private Firms
Francesco Bova, University of Toronto; Miguel Minutti, University of Toronto; Gordon Richardson, University of Toronto; Dushyantkumar Vyas, University of Minnesota-Twin Cities;
Discussant: Matthew Stallings, University of Nebraska - Lincoln

Financial Covenants, Credit Risk, and the Resolution of Uncertainty
Peter Demerjian, Emory University;
Discussant: Matthew Stallings, University of Nebraska - Lincoln

8.20 Trading Strategy Topics
Moderator:
Julia Sawicki, Dalhousie University
(NASBA Field of Study: Accounting)

Earnings Volatility, Earnings Prediction, and Average Stock Returns
Dain C. Donelson, University of Texas at Austin; Robert J. Resutek, Tuck School of Business - Dartmouth;
Discussant: Shai Levi, UC Berkeley

The Effect of Portfolio Weighting on Anomaly Returns
Steven Crawford, Rice University; James Hansen, University of New Mexico; Richard Price, Rice University;
Discussant: Shai Levi, UC Berkeley

Illusion of Growth: Artificial Growth and Its Implications for Growth and Accrual Mispricing
Daniel W. Collins, University of Iowa; Jaewoo Kim, University of Iowa;
Discussant: Shai Levi, UC Berkeley

8.21 Fundamental Analysis
Moderator:
Anya Kleymenova, London Business School
(NASBA Field of Study: Accounting)

Investor behavior and Use of Fundamental Signals of Hard-to-Value Firms
Harri J. Seppänen, Aalto University School of Economics;
Discussant: To Be Announced

Do Mutual Fund Managers Arbitrage on Stock Intrinsic Values?
Rui Shen, RSM, Erasmus University; Marno Verbeek, RSM, Erasmus University; Yu Wang, RSM, Erasmus University;
Discussant: To Be Announced

8.22 Insider Trading
Moderator:
To Be Announced
(NASBA Field of Study: Accounting)

Do Corporate Managers Trade Against the Shorts?
Harrison Liu, Texas A&M University; Edward P. Swanson, Texas A&M University;
Discussant: Michael Minnis, University of Chicago Booth School of Business

Segment Disclosure, Information Asymmetry, and Insider Trading Profits around FAS 131 Adoption
Jong Chool Park, Old Dominion University ; Yong-Chul Shin, University of Massachusetts Boston;
Discussant: Michael Minnis, University of Chicago Booth School of Business

Internal Control Effectiveness and Insider Trading
Dan Li, Tsinghua University; Yong Zhang, Hong Kong University of Science and Technology;
Discussant: Michael Minnis, University of Chicago Booth School of Business

8.23 Financial Instruments and Informed Trading
Moderator:
To Be Announced
(NASBA Field of Study: Accounting)
[Session cancelled]

Informed Trading of Credit Default Swap Contracts and Stock Price Crash Risk
Guojin Gong, Pennsylvania State University; Yinghua Li, Purdue University; Xiumin Martin, Washington University at St. Louis;
Discussant: Santhosh Ramalingegowda, University of Georgia
[Paper withdrawn]

Do Hedge Funds Have Information Advantages? Evidence from Hedge Fund Stock Holdings
Kee-Hong Bae, York University; Bok Baik, Seoul National University; Jin-Mo Kim, Rutgers University;
Discussant: Santhosh Ramalingegowda, University of Georgia
[Paper withdrawn]

8.24 Motivation of Managers and Directors
Moderator:
Liandong Zhang, City University of Hong Kong
(NASBA Field of Study: Accounting)

Does Managerial Stock Option Compensation Increase Shareholder Value in State-controlled Chinese Firms Listed in Hong Kong?
Zhihong Chen, City University of Hong Kong; Yuyan Guan, City University of Hong Kong; Bin Ke, Nanyang Technological University;
Discussant: Anup Srivastava, Northwestern University

Outside Directors' Equity Compensation and Information Acquisition
Guojin Gong, Pennsylvania State University; Haidan Li, Santa Clara University;
Discussant: Anup Srivastava, Northwestern University

CEO Reputation and Corporate Opacity
Bok Baik, Seoul National University; Paul Brockman, Lehigh University; David B. Farber, McGill University; Sam Lee, University of Illinois at Chicago;
Discussant: Anup Srivastava, Northwestern University

8.25 Financial Statement Reporting Developments: A Deloitte & Touche Panel Presentation
Moderator:
Margaret Mulley, Partner of Strategy & Communications and Chief Learning Officer, Deloitte & Touche LLP
(NASBA Field of Study: Accounting)

Panelists:
Patrick A. Casabona, Professor, St. Johns University & Senior Manager/Consultant, Deloitte & Touche LLP Clif Mathews, AERS Senior Manager, Deloitte & Touche, LLP Adrian Mills, AERS Partner, Deloitte & Touche, LLP Ignacio Perez Zaldivar, AERS Partner, Deloitte & Touche, LLP Alejandro Rebollo, AERS Senior Manager, Deloitte & Touche, LLP

Description
The panel presentation will cover the accounting guidance, issues and implementation considerations related to forthcoming accounting standards that will reshape financial statements and need to be discussed in college accounting curriculums, including: Accounting for Financial Instruments, Revenue Recognition, Accounting for Leases, fair value measurements, and other key FASB projects.

Slide Presentation

8.26 Forensic Cases/Curriculum for the Classroom
Moderator:
Patricia Johnson, Canisius College
(NASBA Field of Study: Auditing)

Best Electronics, Inc: A Fraud Risk Assessment Case Based on a Generic Problem-Solving Model
Carol J. Normand, University of Wisconsin - Whitewater;

Perspectives of Educators and Practitioners on the Relative Importance of Fraud Topics
Bobbie W. Daniels, Jackson State University; Yvonne Ellis, Columbus State University; R. D. Gupta, Jackson State University;

The Mobile Home Monster: A Problem-Based Learning Case in Forensic Accounting
Jeffrey J. Quirin, Wichita State University; David W. O'Bryan, Pittsburg State University;

The Obvious Fraud: A Short, Problem-Based Case Study to Highlight Inappropriate Fraud Examination Techniques
David W. O'Bryan, Pittsburg State University; Jeffrey J. Quirin, Wichita State University;

8.27 Worklife Issues
Moderator:
Margaret O'Reilly-Allen, Rider University
(NASBA Field of Study: Accounting)

Measuring Accounting Professionals' Attitudes Regarding Alternative Work Arrangements
Eric N. Johnson, University of Wyoming; D. Jordan Lowe, Arizona State University; Philip M. J. Reckers, Arizona State University;
Discussant: To Be Announced

Healthy Lifestyle, Role Stressors and Job Outcomes in Public Accounting: A Current Study of Gender Differences
Ambrose Jones, III, University of North Carolina at Greensboro; Cynthia P. Guthrie, Bucknell University;
Discussant: To Be Announced

8.28 International Government and Nonprofit Research
Moderator:
Catherine Gaharan, Midwestern State University
(NASBA Field of Study: Accounting)

Not-for-Profit Governance for International Charities – The Governance and Accountability Gap
Lisa Robyn Barnes, Newcastle University; Keith Howson, Avondale College of Higher Education;
Discussant: Laxmikantham Padakanti, Addis Ababa University, Ethiopia

Reviewing National Fiscal Deficit of Fiscal Sociology: The case of Taiwan
Chia-jen Chang, Chung Yuan Christian University, Taiwan R.O.C.;
Discussant: Michael T. Paz, Drexel University

The Effects of Wealth Transfer and Price Persuasion: Evidence in Taiwan's Elderly Welfare Industry
Ching-Shyh Yeo, National Yunlin University of Science & Technology ,Graduate Institute of Management; Chung-Yu Chen, National Yunlin University of Science & Technology ,Graduate Institute of Management; Chung-Jen Fu, National Yunlin University of Science & Technology, Department of Accounting; Discussant: Andrew J. McLelland, Auburn University

8.29 History of Accounting Theory
Moderator:
C. Richard Baker, Adelphi University
(NASBA Field of Study: Accounting)

Accounting Theory: Lost or Displaced? 1288 Khalid Al-Adeem, King Saud University; Timothy J. Fogarty, Case Western Reserve University; Discussant: Jeremy Bertomeu, Northwestern University

The Legal Roots of Fair Value Accounting
Gabriel D. Donleavy, University of Western Sydney;
Discussant: C. Richard Baker, Adelphi University

Bringing Accounting Back In: The Emergence of Accounting in the Governance of Transnational Mail Flows
Alan J. Richardson, York University; Eksa Kilfoyle, Odette School of Business, University of Windsor;
Discussant: C. Richard Baker, Adelphi University

8.30 Revision of the International Education Standards
Moderator:
David W. McPeak, International Federation of Accountants
(NASBA Field of Study: Accounting)

Panelists:
C. Mark Allison, Institute of Chartered Accountants of Scotland, Chair of the IAESB
Karen V. Pincus, University of Arkansas, Deputy Chair of the IAESB
Dennis Reigle, American Institute of Certified Public Accountants, Member of the IAESB

Description
The International Accounting Education Standards Board (IAESB) is revising its suite of eight International Education Standards (IESs) as a result of an environment that is becoming increasingly globalized and requiring a greater level of specialized knowledge and professional judgment. Panelists will outline the proposed changes to the IESs and explain the implications on the education, development, and assessment of professional accountants. Particular consideration will be given to how these changes will impact the academic community and what opportunities exist for research and liaising with IFAC.

8.31 Debt Contracting Issues
Moderator:
Li Li Eng, Missouri University of Science & Technology
(NASBA Field of Study: Accounting)

Bond Ratings and Income Smoothing in Brazil
Antonio Lopo Martinez, Fucape Business School; Miguel Angel Rivera Castro, Federal University of Bahia;

Corporate Pyramids, Conservatism and Cost of Debt
Ann Ling-Ching Chan, National Chengchi university; Audrey Wenhsin Hsu, National Taiwan University;

The Contracting Role of Income Smoothing: Evidence of European Private Firms
Joachim Gassen, Humboldt University Berlin; Rolf Uwe Fülbier, University of Bayreuth;
[Paper withdrawn]

Which Variables Determine the Accuracy of Default Probabilities Implied from Structural Models?
Kevin Aretz, Lancaster University; J. Matthew Bonnett, The Chinese University of Hong Kong;

8.32 International Corporate Governance
Moderator:
Shifei Chung, Rowan University
(NASBA Field of Study: Accounting)

Analysis of Company Annual Reports and Corporate Governance Codes: An Empirical Study in the European Context
Bahram Soltani, University of Paris 1 Sorbonne; Jean-Francois Casta, University of Paris Dauphine; Christain Maupetit, European Business School;
Discussant: Ramesh Narasimhan, Montclair State University

The Supervisory Board as an Alternative Corporate Governance Mechanism: Evidence from Brazil
Alexsandro Broedel Lopes, Universidade de São Paulo; Antonio Carlos Coelho, Universidade Federal do Ceará; Alnoor Bhimani, London School of Economics; Adriana Cristina Garcia Trapp, Universidade de São Paulo;
Discussant: Ramesh Narasimhan, Montclair State University

The Impact of Bankers on the Board on Corporate Investment-Cash Flow Sensitivity
Ching-Ping Chang, Tamkang University, Taiwan; Ruey-Dang Chang, National Chung Hsing University; Yee-Chy Tseng, National Kaohsiung University of Applied Sciences, Taiwan;
Discussant: Ramesh Narasimhan, Montclair State University

8.33 IFRS Adoption Issues
Moderator:
Maria L. Bullen, Clayton State University
(NASBA Field of Study: Accounting)

How Do Countries Maximize Their Benefits from Reporting under IFRS?
Xiaoke Cheng, Beijing Jiaotong University; Lijie Yao, Beijing Jiaotong University;
Discussant: Siqi Li, Santa Clara University

Do Investor Protection and IFRS Adoption Alleviate Earnings Management of Diversified Firms? Evidence From An International Comparison
Jeng-Ren Chiou, National Cheng Kung University, Taiwan; Ming-Hsien Ethan Hsueh, National Cheng-Kung University; Feng-Ren Li, Department of Accountancy, National Cheng-Kung University;
Discussant: Carla Carnaghan, University of Lethbridge

Do IASB's Standard Setting Pronouncements Meet Investors' Demands around the World?
Michael Stich, Ruhr-University Bochum; Jürgen Ernstberger, Ruhr-University Bochum;
Discussant: Carla Carnaghan, University of Lethbridge

8.34 Legal Environment and Earnings Management
Moderator:
John Brozovsky, Virginia Tech
(NASBA Field of Study: Accounting)

A Cross-Country Study of Legal Environment and Real Earnings Management
Bill Francis, Rensselaer Polytechnic Institute; Iftekhar Hasan, Rensselaer Polytechnic Institute; Lingxiang Li, Rensselaer Polytechnic Institute;
Discussant: Wendy Wilson, Southern Methodist University

The Effect of Securities Laws on Real and Accrual-Based Earnings Management
Don Herrmann, Oklahoma State University; Tony Kang, Oklahoma State University; Gordian Ndubizu, Drexel University; Hai Ta, Drexel University;
Discussant: Wendy Wilson, Southern Methodist University

Earnings Quality and Legal Origin: Evidence from Quebec
Brian M. Burnett, University of Colorado at Boulder; Bjorn N. Jorgensen, University of Colorado at Boulder; Jeffrey C. Merrell, U.S. Air Force Academy;
Discussant: Wendy Wilson, Southern Methodist University

8.35 Internal Control Issues
Moderator:
Robert K. Larson, University of Dayton
(NASBA Field of Study: Accounting)

Internal Control Weaknesses and Information Precision
Tzu-Ching Weng, FengChia Unverisity; Chen-Lung Chin, National Chengchi University, Taiwan;
Discussant: Raynolde Pereira, University of Missouri-Columbia

Internal Governance, Legal Institutions, and Bank Loan Contracting around the World
Wenxia Ge, University of Manitoba; Jeong-Bon Kim, City University of Hong Kong; Byron Y. Song, Concordia University;
Discussant: Gaoguang Zhou, The Hong Kong Polytechnic University

Information Content of Internal Control Weaknesses: The Evidence from Japan
Riku Nishizaki, University of Tokyo; Fumiko Takeda, University of Tokyo;
Discussant: Raynolde Pereira, University of Missouri-Columbia

8.36 IT Control and Governance
Moderator:
Reza Barkhi, Virginia Tech
(NASBA Field of Study: Accounting)

ICT Pervasiveness and Corruption: A Study of African Nations
Carl Korkpoe, Baylor University; Robin Wakefield, Baylor University;
Discussant: Barbara A Lamberton, University of Hartford

An Examination of Lender Motives in MicroFinancial eMarketplaces: Why Do People Lend Money, Online, to Strangers?
Cindi J. Khanlarian, Concord University; Rahul Singh, University of North Carolina - Greensboro;
Discussant: To Be Announced

Reciprocity between CIOP Power and IT Leadership
Jee-Hae Lim, University of Waterloo; Theophanis C. Stratopoulos, University of Waterloo;
Discussant: Rebekah Sheely Heath, Pittsburg State University

8.37 Ethics and Culture
Moderator:
Ivo Tafkov, Georgia State University
(NASBA Field of Study: Accounting)

Leadership, Budget Participation, Budgetary Fairness, and Organizational Commitment
Robert J. Parker, University of New Orleans; James M. Kohlmeyer III, East Carolina University; Sakthi Mahenthiran, Butler University;
Discussant: Ivo D. Tafkov, Georgia State University

Ethical Judgments of Budgetary Slack and Impacts of Organizational Outcomes on Supervisory Assessments
Gary M. Fleischman, University of Wyoming; Eric N. Johnson, University of Wyoming; Kenton B. Walker, University of Wyoming;
Discussant: Alisa G. Brink, Virginia Commonwealth University

Leadership Culture and Control Systems: A Transformational Control System Approach
Nate L. Staheli, University of Hawaii - Manoa;
Discussant: Gregory A. Jonas, Case Western Reserve University

8.38 Incentives of Executives
Moderator:
Dae-Hee Yoon, Yonsei University
(NASBA Field of Study: Accounting)

Stock Option Vesting Conditions, CEO Turnover, and Myopic Investment
Volker Laux, University of Texas at Austin;
Discussant: Dae-Hee Yoon, Yonsei University

The Incentive Effects of Executive Stock Options on Corporate Innovative Activities
Yenn-Ru Chen, National Cheng Kung University; Carl Chen, Dayton University; Chi-Gun Chu, National Cheng Kung University;
Discussant: Merle Ederhof, University of Michigan

The Role of Pay Disclosures and Benchmarking in CEO Compensation Growth: A Case of "Too Much Information?"
James M. Cataldo, Suffolk University; Alex C. Yen, College of the Holy Cross;
Discussant: Merle Ederhof, University of Michigan

8.39 Executive Compensation in Specific Settings
Moderator:
James N. Cannon, Iowa State University
(NASBA Field of Study: Accounting)

Investment Horizon, Risk, and Compensation in the Banking Industry
Gilad Livne, Cass Business School; Garen Bedros Markarian, IE Business School;
Discussant: Ge Bai, Michigan State University

Reaching for the Stars and Stripes: How Canadian CEO Compensation is Approaching U.S. Levels
Steven Balsam, Temple University; Hong Fan, York University; Amin Mawani, York University;
Discussant: Dimitris Vrettos, Michigan State University

On Compensation of Investor Relations Executives
Sanghyuk Byun, University of Colorado at Boulder; Bjorn N. Jorgensen, University of Colorado at Boulder; Naomi S. Soderstrom, University of Colorado at Boulder;
Discussant: James N. Cannon, Iowa State University

8.40 Cost Identification and Measurement
Moderator:
Francesco Bova, University of Toronto
(NASBA Field of Study: Accounting)

Sticky Cost Behavior: Theory and Evidence
Rajiv D. Banker, Temple University; Dmitri Byzalov, Temple University; Jose M. Plehn-Dujowich, Temple University;
Discussant: Ramgopal Venkataraman, Southern Methodist University

Employment Protection Legislation, Adjustment Costs and Cross-Country Differences in Cost Behavior
Rajiv D. Banker, Temple University; Dmitri Byzalov, Temple University; Lei (Tony) Chen, Peking University;
Discussant: Frederick Lindahl, George Washington University

Negotiated versus Cost-based Transfer Pricing for Storable Products
Daniel L. A. Kaiser, Ludwig-Maximilians-University, Munich, Germany;
Discussant: Francesco Bova, University of Toronto

8.41 Current Issues in African Accounting
Moderator:
Aida SY, Marist College (USA)
(NASBA Field of Study: Accounting)

Panelists:
Susan P. Briggs, University of South Australia
Jean Guy Degos, University of Bordeaux Monsteaquieu, FRANCE
Akintola Owolabi, Pan-African University, Nigeria
Tony Tinker, Baruch College, CUNY

Description
The purpose of this panel is an attempt to offer a thorough and unique discussion on African accounting. The panel is concerned with both practices and theories of accounting.

8.42 Environmental Reporting
Moderator:
Lois S. Mahoney, Eastern Michigan University
(NASBA Field of Study: Social Environment of Business)

The Role of Micro-level Organizational Variables In Sustainability Reporting
Irene M. Herremans, University of Calgary; Jamal A. Nazari, Mount Royal University; Hussein Warsame, University of Calgary;
Discussant: April R. Poe, The University of Texas at San Antonio

Recognizing Environmental Liabilities surrounding CEO Turnover
Martin Freedman, Towson University; Jin Dong Park, Towson University; Jorge Romero, Towson University;
Discussant: Denise Silva Ferreira Juvenal, Prefeitura da Cidade do Rio de Janeiro

Impact of Economic and Socio-political Theories and Visual Reporting Elements in Voluntary Sustainability Reporting
Diane H. Roberts, University of San Francisco;
Discussant: Lawrence Kalbers, Loyola Marymount University

8.43 Data Quality, Restatements, and Software Bots
Moderator:
Stephanie Farewell, University of Arkansas at Little Rock
(NASBA Field of Study: Auditing)

Using Belief Functions in Software Agents to Test the Strength of Application Controls: A Conceptual Framework
Robert Nehmer, Oakland University; Rajendra P. Srivastava, University of Kansas;
Discussant: Georgia A. Smedley, University of Missouri - Kansas City

Commercial Bank Regulatory Restatements: The Need for New Technology for Improving Audit and Financial Reporting Quality
David Y. Chan, Rutgers University; Alexander Kogan, Rutgers University;
Discussant: Georgia A. Smedley, University of Missouri - Kansas City

8.44 Faculty Issues: Recruitment, Bridge Program, Mentoring
Moderator:
Bryan J. Bessner, George Brown College, Toronto, Canada
(NASBA Field of Study: Personnel/HR)

A Look at the Efficiency of the AACSB Post Doctoral Bridge Program in Accounting
Maria A. Leach-López, Auburn University at Montgomery; Ben B. McMillan, Auburn University at Montgomery;

Preliminary Thoughts on a Mentoring Education Module in the U.S. Accounting Curriculum
Brigitte W. Muehlmann, Suffolk University; Wanny Baez, University of Southern California;

The Heterogeneity of Stunning Success: Consequential Differences in "Big League" Academic Accounting Publication Possibilities
Timothy J. Fogarty, Case Western Reserve University; Gregory A. Jonas, Case Western Reserve University;

University Recruitment and Selection of Accounting Faculty in a Difficult Market
Steven C. Hunt, Western Illinois University; Keith T. Jones, University of North Alabama;

8.45 Pedagogy: Knowledge and Assessment
Moderator:
Yvette Lazdowski, Plymouth State University
(NASBA Field of Study: Accounting)

Teaching to the Higher Rungs of Bloom's Taxonomy: Techniques for Financial Accounting Classes
Louella Moore, Arkansas State University;
Discussant: Evelyn A. McDowell, Rider University

Using a Pull Approach for Assessing Accounting Knowledge
D. Elaine Sanders, The University of Texas at San Antonio; Veronda F. Willis, The University of Texas at Tyler;
Discussant: Mallikarjun G. Hiremath, Commerce & Management

Does Providing Formulas Reinforce Surface Approaches to Learning? How Formula Availability Impacts Comprehension and Transfer in Standard Costing
Carol S. Sargent, Georgia State University; Ronald Guymon, Georgia State University;
Discussant: Yvette Lazdowski, Plymouth State University

8.46 Research in Cognitive Development, Assessment and Procrastination
Moderator:
Thomas Clausen, Zayed University
(NASBA Field of Study: Accounting)

Revisiting Procrastination and Academic Performance of Accounting Students: Controlling for Task and Trait Variables
Aliza Rotenstein, Sy Syms School of Business - Yeshiva University; Harry Z. Davis, Zicklin School of Business - Baruch College; Ronald Neath, Hunter College - City University of New York;
Discussant: Thomas Clausen, Zayed University

Toward More Effective Development of Professional Competencies: A Research Agenda for Cognitive Development in Accounting
Darius J Fatemi, Northern Kentucky University; Susan K. Wolcott, CA School of Business;
Discussant: Timothy J. Fogarty, Case Western Reserve University

Association Rules for Accounting Educational Assessment
James A. Tackett, Youngstown State University; Ray Shaffer, Youngstown State University; Fran Wolf, Youngstown State University;
Discussant: Timothy J. Fogarty, Case Western Reserve University

8.47 A Roundtable Discussion: Transfer Student Success
Moderator:
Carol Yacht, Author, Mcgraw-Hill/Irwin
(NASBA Field of Study: Specialized Knowledge and Applications)

Panelists:
Sheila Ammons, Austin Community College
Bill Berry, University of Phoenix
Rick Berschback, Walsh College
Roselyn E. Morris, Texas State University - San Marcos
Linda Tarrago, Hillsborough Community College
Michael Vasilou, Devry University

Description
What can/has been done to ensure transfer student success? What are the options available to transfer students and how do these options ensure student success?

8.48 Tax, Financial Reporting, and Management Accounting: an Integrated Approach
Moderator:
Robert Hodgkinson, ICAEW
(NASBA Field of Study: Accounting)

Panelists:
Igor Goncharov, WHU - Otto Beisheim School of Management
Andrew Lymer, Birmingham Business School
Mark Saks, Molson Coors Brewing Company
Terry Shevlin, University of Washington Michael G Foster School of Business

Description
An amendment to the Securities Exchange Act of 1934 requiring certain country-by-country disclosures for US-listed resource extraction companies was introduced by the recent Dodd Frank Act. What are the prospects for innovative solutions in responding to the impact of the crisis on taxation, and what might be the implications for the other accounting systems? Panel members will approach these issues from several points of view, including their knowledge of the US and EU tax and financial reporting systems and business management.

8.49 AICPA Professional Issues Update
Moderator:
Larry M. Parker, Case Western Reserve University
(NASBA Field of Study: Accounting)

Presenter:
Greg Anton, Chair-elect, AICPA Board of Directors

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