Program | American Accounting Association

Click Here to access abstracts

Friday, January 26, 2018

7:00 am - 8:00 am	Breakfast for Doctoral Consortium Participants
8:00 am - 10:00 am	Plenary Session Speakers: Christian Leuz, The University of Chicago Mohan Venkatachalam, Duke University
10:00 am - 10:30 am	Break
10:30 am - 11:30 am	Breakout Q&A Sessions Group 1: Mary Billings, New York University Group 2: Shuping Chen, The University of Texas at Austin Group 3: Ted Christensen, The University of Georgia Group 4: Peter Demerjian, University of Washington Group 5: Yonca Ertimur, University of Colorado Boulder Group 6: Sudarshan Jayaraman, University of Rochester Group 7: Kristina Rennekamp, Cornell University Group 8: Brian Rountree, Rice University
Friday, January 26, 2018

8:00 am - 8:30 am	Breakfast for Research Workshop Participants
8:30 am - 11:30 am	Research Workshop on Data Analytics and Topic Modeling Information Technology - 3.6 CH Mike Willis, Securities and Exchange Commission Big Data—More Data More Insights: How is the SEC using big data to enhance its analytical capabilities and what public data sets might be of interest for academic analysis? Andrew Bauer, University of Waterloo The Evolution of Accounting Skills: An Introduction to Data Analytics and Topic Modeling
12:00 pm - 1:30 pm	Lunch Interchange Between Academics and Practitioners: Perspectives from the FASB Accounting - 1.0 CH Speaker: Marc Siegel, FASB
1:45 pm - 3:15 pm	Plenary Session Accounting - 1.8 CH Welcome Speaker: Lisa Koonce, FARS President, The University of Texas at Austin Top Picks of the 17 FARS Editors Moderator: Richard Sloan, University of Southern California/University of California, Berkeley Automatic Summarization of Corporate Disclosures Eddy Cardinaels, Tilburg University Stephan Hollander, Tilburg University Brian White, The University of Texas at Austin Switching from Voluntary to Mandatory Disclosure: Do Managers View Them as Substitutes? Suzie Noh, Massachusetts Institute of Technology Eric So, Massachusetts Institute of Technology Joseph P. Weber, Massachusetts Institute of Technology Why Do Individual Investors Disregard Accounting Information? The Roles of Information Awareness and Acquisition Costs Elizabeth Blankespoor, Stanford University Ed deHaan, University of Washington John Wertz, University of Washington Christina Zhu, Stanford University
3:15 pm - 3:45 pm	Break
3:45 pm - 5:15 pm	Concurrent Sessions Session 1.01: Investor Attention and the Role of IR Accounting - 1.8 CH Moderator: John Wertz, University of Washington Is Investor Attention for Sale? The Role of Advertising in Financial Markets Joshua Madsen, University of Minnesota Marina Niessner, Yale University Discussant: Elizabeth Blankespoor, Stanford University Managing the Narrative: Investor Relations Officers and Corporate Disclosure Lawrence D. Brown, Temple University Andrew C. Call, Arizona State University Michael B. Clement, The University of Texas at Austin Nathan Y. Sharp, Texas A&M Discussant: Kimball Chapman, Washington University in St. Louis Who Pays Attention to SEC Form 8-K? Peter Easton, University of Notre Dame Azi Ben-Rephael, Indiana University Bloomington Zhi Da, University of Notre Dame Ryan Israelsen, Michigan State University Discussant: Suhas A. Sridharan, Emory University Session 1.02: Taxes and Financial Reporting Accounting - 1.8 CH Moderator: Bridget Stomberg, Indiana University Bloomington Mind the Gap: Determinants and Implications of the Difference between Tax Expense and Tax Paid Xi Chen, University of Houston Allison Koester, Georgetown University Terry J. Shevlin, University of California, Irvine Discussant: Andrew Bird, Carnegie Mellon University The Determinants of Segment-level Tax Expense Disclosure Logan B. Steele, University of Wisconsin-Madison Fabio Gaertner, University of Wisconsin-Madison Daniel Patrick Lynch, University of Wisconsin-Madison Discussant: Bridget Stomberg, Indiana University Bloomington The Persistence and Pricing Implications of Changes in Multinational Firms’ Foreign Cash Holdings Xi Chen, University of Houston Peng-Chia Chiu, The Chinese University of Hong Kong Terry J. Shevlin, University of California, Irvine Discussant: Jennifer L. Blouin, University of Pennsylvania Session 1.03: Earnings Management I Accounting - 1.8 CH Moderator: Matthew C. Cedergren, University of Pennsylvania Examining the Examiners: SEC Effectiveness in Identifying Financial Reporting Errors Matthew Kubic, Duke University Discussant: Terrence Patrick Blackburne, University of Washington Expectations Management and Stock Returns Jinhwan Kim, Massachusetts Institute of Technology Eric So, Massachusetts Institute of Technology Discussant: Joseph John Gerakos, Dartmouth College Managerial Response to Non-Fundamental Price Shocks John C. Heater, Yale University Ben Matthies, Yale University Yukun Liu, Yale University Discussant: Matthew C. Cedergren, University of Pennsylvania Session 1.04: Benchmarking in Corporate Governance Accounting - 1.8 CH Moderator: Christoph Johann Sextroh, Tilburg University Are Top Management Teams Compensated as Teams? A Structural Modeling Approach Chen Li, Baruch College-CUNY Discussant: Mirko Stanislav Heinle, University of Pennsylvania Does It Pay to “Be Like Mike”? Aspirational Peer Firms and Relative Performance Evaluation Ryan Ball, University of Michigan Thomas Hemmer, Rice University Jonathan Bonham, The University of Chicago Discussant: Robin Litjens, Tilburg University Governance Through Shame and Aspiration: Index Creation and Corporate Behavior in Japan Akash Chattopadhyay, University of Toronto Matthew Shaffer, Harvard University Charles C. Y. Wang, Harvard University Discussant: Brandon Gipper, Stanford University Session 1.05: Securities Regulation - I Accounting - 1.8 CH Moderator: Suzie Noh, Massachusetts Institute of Technology Does Financial Reporting Matter? Evidence from Accounting Standards Andrew Bird, Carnegie Mellon University Aytekin Ertan, London Business School Stephen Adam Karolyi, Carnegie Mellon University Thomas Ruchti, Carnegie Mellon University Discussant: Rahul Vashishtha, Duke University Information Externalities of Disclosure Regulation: Evidence from SFAS 161 Jing Chen, University at Buffalo, SUNY Yiwei Dou, New York University Youli Zou, George Washington University Discussant: Brad Badertscher, University of Notre Dame Regulatory Spillovers in Common Audit Markets Raphael Duguay, The University of Chicago Michael Minnis, The University of Chicago Andrew Gordon Sutherland, Massachusetts Institute of Technology Discussant: Karen K. Nelson, Texas Christian University Session 1.06: Voluntary Disclosure - Non-Earnings Information Accounting - 1.8 CH Moderator: Roberto Vincenzi, London Business School Are All Insider Sales Created Equal? New Evidence from Form 4 Footnote Disclosures Amir Amel-Zadeh, University of Oxford Jonathan Faasse, University of Cambridge Juliane Lotz, University of Mannheim Discussant: Roger McNeill White, Arizona State University Do Accounting Disclosures Impair Disclosing Firms’ Competitiveness? Evidence from Mergers and Acquisitions Jaewoo Kim, University of Rochester Daniel W. Collins, The University of Iowa Heejin Ohn, The University of Iowa Discussant: Yu Wang, University of Houston Economic Consequences of Risk Disclosures: Evidence from Crowdfunding Joshua Madsen, University of Minnesota Jeff Lawrence McMullin, Indiana University Bloomington Discussant: Tathagat Mukhopadhyay, Leeds School of Business, University of Colorado Session 1.07: Bank Financial Reporting and Lending Decisions Accounting - 1.8 CH Moderator: Aleksander A. Aleszczyk, London Business School Do Investors Impound Information About Unrecognized Expected Credit Losses into Bank Stock Prices? Barrett Wheeler, Tulane University Discussant: Aleksander A. Aleszczyk, London Business School Mandatory Bank Disclosures and Credit Access Karthik Balakrishnan, London Business School Aytekin Ertan, London Business School Discussant: Gauri Bhat, Southern Methodist University Do Corporate Loan Officers Impact Lending Decisions? Evidence from the Syndicated Loan Market Janet Gao, Indiana University Bloomington Xiumin Martin, Washington University in St. Louis Joseph Pacelli, Indiana University Bloomington Discussant: Carlo Maria Gallimberti, Boston College Session 1.08: Accruals and Earnings Quality Accounting - 1.8 CH Moderator: Akash Chattopadhyay, University of Toronto Accruals and the Cross-Section of Expected Stock and Option Returns Salman Arif, University of Pennsylvania Matthew Lyle, Northwestern University Discussant: Robert J. Resutek, The University of Georgia Qualitative Fundamentals in Earnings Press Releases Ken Li, Stanford University Discussant: Jared Jennings, Washington University Earnings Quality on the Street Urooj Khan, Columbia University Venkat Peddireddy, Columbia University Shivaram Rajgopal, Columbia University Discussant: Zachary R. Kaplan, Washington University
6:00 pm - 7:30 pm	Reception
Saturday, January 27, 2018

8:00 am - 9:30 am	Concurrent Sessions Session 2.01: Analysts as a Product of the Capital Markets Accounting - 1.8 CH Moderator: Kelly Huang, Florida International University Do Connections with Buy-Side Analysts Inform Sell Side Analyst Research? Gjergji Cici, College of William & Mary Philip B. Shane, College of William & Mary Yanhua Sunny Yang, University of Connecticut Discussant: Michael J. Jung, New York University Does Policy Analysis Matter? The Value of Washington Analysts to Investment and Capital Markets Roni Michaely, Cornell University Daniel Bradley, University of South Florida St. Petersburg Sinan Gokkaya, Ohio University Xi Liu, Miami University Discussant: Stanimir Markov, Southern Methodist University The Value of Cultural Diversity on Wall Street: Evidence from Sell-Side Analysts’ Forecasts Kenneth Merkley, Cornell University Roni Michaely, Cornell University Joseph Pacelli, Indiana University Bloomington Discussant: Ari Yezegel, Bentley University Session 2.02: Anomalies and Return Prediction Accounting - 1.8 CH Moderator: Eric So, Massachusetts Institute of Technology Changes in Operating Margins During a Sales Decline and Abnormal Returns Rajiv D. Banker, Temple University Han-Up Park, University of Saskatchewan Discussant: Ken Li, Stanford University Salient or Safe: Why do Predicted Stock Issuers Earn Low Returns? Charles M. C. Lee, Stanford University Ken Li, Stanford University Discussant: Travis Johnson, The University of Texas at Austin Technological Links and Predictable Returns Charles M. C. Lee, Stanford University Teng Stephen Sun, Peking University Rongfei Wang, Peking University Ran Zhang, Peking University Discussant: Jinhwan Kim, Massachusetts Institute of Technology Session 2.03: Drivers and Consequences of Audit Choices Auditing - 1.8 CH Moderator: Feng Chen, University of Toronto Audit Procedures and Financial Statement Quality: The Positive Effects of Negative Assurance Brad Badertscher, University of Notre Dame Jaewoo Kim, University of Rochester William R. Kinney, The University of Texas at Austin Edward Owens, Emory University Discussant: Phillip T. Lamoreaux, Arizona State University To Share or Not to Share: The Importance of Peer Firm Similarity to Auditor Choice Kenneth L. Bills, University of Arkansas Matthew Cobabe, Virginia Polytechnic Institute and State University Jeffrey Pittman, Memorial University of Newfoundland Sarah E. Stein, Virginia Polytechnic Institute and State University Discussant: Mahfuz Chy, University of Toronto Auditor Reputation Losses, Legal Liability, and Standards Naomi Rothenberg, University of Alberta Discussant: Ronghuo Zheng, The University of Texas at Austin Disciplining Role of Auditor Tenure and Mandatory Auditor Rotation Aysa Dordzhieva, The University of Texas at Austin Discussant: Hao Xue, New York University Session 2.04: Debt Contracting and Financial Reporting Accounting - 1.8 CH Moderator: Jordan Schoenfeld, The University of Utah CEO Contractual Protection and Debt Contracting Qiang Cheng, Singapore Management University Xia Chen, Singapore Management University Alvis K. Lo, Boston College Xin Wang, The University of Hong Kong Discussant: Ningzhong Li, The University of Texas at Dallas Changes in Contractual Environment and Borrowe Reporting Quality - An Empirical Study of Chinese Bank Privatization Xiumin Martin, Washington University in St. Louis Sugata Roychowdhury, Boston College Xuejiao Liu, University of International Business and Economics Dequi Chen, University of International Business and Economics Discussant: Regina Wittenberg Moerman, University of Southern California Debt Covenants, Renegotiation, and Accounting Manipulation Volker Laux, The University of Texas at Austin Discussant: Ivan Marinovic, Stanford University Debt Financing and Collateral: The Role of Fair-Value Adjustments Aleksander A. Aleszczyk, London Business School Emmanuel T. De George, London Business School Aytekin Ertan, London Business School Florin P. Vasvari, London Business School Discussant: Maria Loumioti, The University of Texas at Dallas Session 2.05: Voluntary Disclosure - Textual Analysis Accounting - 1.8 CH Moderator: Roberto Vincenzi, London Business School Measuring Investment Opportunities Using Financial Statement Text Sudipta Basu, Temple University Hoa Xuan Tran, Temple University Xinjie Ma, Temple University Discussant: Fang Zhao, Merrimack College What Information Do Firms Hide in Confidential SEC Filings? Anne Margaret Thompson, University of Illinois at Urbana-Champaign Oktay Urcan, University of Illinois at Urbana-Champaign Hayoung Yoon, University of Illinois at Urbana-Champaign Discussant: Bret Johnson, George Mason University Voluntary Disclosures Regarding Open Market Repurchase Programs Leonce Bargeron, University of Kentucky Alice Bonaime, The University of Arizona Mei Feng, University of Pittsburgh at Johnstown Shawn Thomas, University of Pittsburgh at Johnstown Discussant: Oktay Urcan, University of Illinois at Urbana-Champaign Session 2.06: Corporate Directors Accounting - 1.8 CH Moderator: Michael Erkens, Erasmus University Rotterdam Busy Directors and Shareholder Satisfaction Kevin Chen, University of Pennsylvania Wayne Guay, University of Pennsylvania Discussant: Susanna Gallani, Harvard University Do Director Networks Help Managers Plan Better? Mario Schabus, The University of Melbourne Discussant: Roger McNeill White, Arizona State University Tainted Executives as Outside Directors Leah Baer, University of Colorado Boulder Yonca Ertimur, University of Colorado Boulder Jingjing Zhang, McGill University Discussant: Daehyun Kim, University of Toronto Understanding the Determinants of Board Busyness and the Relation Between Busyness and Performance Tongqing Ding, University of Colorado Boulder Discussant: Jonathan Jona, The University of Melbourne Session 2.07: Investors Disagreement and Limited Accounting - 1.8 CH Moderator: Estelle (Yuan) Sun, Boston University Bulls and Bears: Disagreement and Trading Volume around News Announcements Asher Curtis, University of Washington Vernon J. Richardson, University of Arkansas Adam Booker, University of Arkansas Discussant: Alina Lerman, Yale University How are Shareholder Votes and Trades Related? Sophia Li, Rutgers, The State University of New Jersey Miriam Schwartz-Ziv, Michigan State University Discussant: Francois Brochet, Boston University Unexpected Distractions and Investor Attention to Corporate Disclosures Doron Israeli, Arison School of Business Ron Kasznik, Stanford University Suhas A. Sridharan, Emory University Discussant: Darren T. Roulstone, The Ohio State University Session 2.08: Individual Investor Decisions Accounting - 1.8 CH Moderator: Amanda Convery, University of Delaware Starting, Stopping and Reporting on Corporate Social Responsibility: How Do Investors React When Companies Stop Doing Good? Shannon Garavaglia, The University of Texas at Austin Brian Joseph White, The University of Texas at Austin Julie Irwin, The University of Texas at Austin Discussant: Shana Clor-Proell, Texas Christian University Push and Pull: The Influence of Information Access Method and Value Relevance on Investor Judgments and Market Efficiency Wynter Brooke Elliott, University of Illinois at Urbana-Champaign Brian Gale, University of Illinois at Urbana-Champaign Jessen L. Hobson, University of Illinois at Urbana-Champaign Discussant: Blake Steenhoven, Cornell University The Effects of Affiliation with Information Intermediaries on Investment Judgments Timothy Brown, University of Illinois at Urbana-Champaign Nicole Cade, University of Pittsburgh at Johnstown Amanda Michelle Winn, University of Illinois at Urbana-Champaign Discussant: Yao Yu, University of Massachusetts Amherst
9:30 am - 10:00 am	Break
10:00 am - 11:30 am	Concurrent Sessions Session 3.01: Auditors’ Human Capital and Labor Markets Auditing - 1.8 CH Moderator: Siddharth Bhambhwani, University of Miami Audit Personnel Salaries and Audit Quality Jeffrey Lamro Hoopes, The University of North Carolina at Chapel Hill Kenneth Merkley, Cornell University Joseph Pacelli, Indiana University Bloomington Joseph H. Schroeder, Indiana University Bloomington Discussant: Daniel Aobdia, Northwestern University Consequences of Low-Quality Audits for Engagement Partners. Daniel Aobdia, Northwestern University Reining Petacchi, Georgetown University Discussant: Joseph H. Schroeder, Indiana University Bloomingto Do Labor Markets Discipline? Financial Restatements and Accountants Michael Shen, Michigan State University Discussant: Matthew Phillips, University of Miami Strategic Entry Deterrence in the Audit Industry: Evidence from the Merger of Professional Accounting Bodies Stephanie F. Cheng, University of Toronto Danqi Hu, Northwestern University Ole-Kristian Hope, University of Toronto Discussant: Michael Shen, Michigan State University Session 3.02: Voluntary Disclosure - Determinants and Effects Accounting - 1.8 CH Moderator: Katharine Wright Adame, University of Washington Firm Disclosure Response to Takeover Threat: Testing the Corporate Control Contest Hypothesis Shuping Chen, The University of Texas at Austin Bin Miao, Hong Kong Polytechnic University Kristen Valentine, The University of Texas at Austin Discussant: Delphine Samuels, Massachusetts Institute of Technology Pessimistic Earnings Guidance Before Annual Incentive Plan Approval Xiumin Martin, Washington University in St. Louis Hojun Seo, National University of Singapore Jun Yang, Indiana University Bloomington Discussant: Lucile C. Faurel, Arizona State University Wealth Destruction Effects of Annual Management Forecasts Mahfuz Chy, University of Toronto Discussant: Thomas Ruchti, Carnegie Mellon University Session 3.03: Earnings Management II Accounting - 1.8 CH Moderator: Mirko Stanislav Heinle, University of Pennsylvania A New Measure of Managers’ Intentional Income Smoothing Dirk E. Black, Dartmouth College Spencer Ryan Pierce, Florida State University Wayne B. Thomas, The University of Oklahoma Discussant: Bryce Alexander Schonberger, University of Rochester Hidden in the Woodshed: Big Bath Herding Natalya V. Khimich, Drexel University Tatiana Fedyk, University of San Francisco Discussant: Mirko Stanislav Heinle, University of Pennsylvania Understanding the “Numbers Game” Stephen Adam Karolyi, Carnegie Mellon University Andrew Bird, Carnegie Mellon University Thomas Ruchti, Carnegie Mellon University Discussant: Frank Zhou, University of Pennsylvania Session 3.04: Disclosure and Asset Pricing Accounting - 1.8 CH Moderator: Eric So, Massachusetts Institute of Technology Can Disclosure Decrease Price Efficiency? Evidence from Mutual Fund Disclosures Zachary R. Kaplan, Washington University Aadhaar Verma, Washington University in St. Louis Todd Gormley, Washington University in St. Louis Discussant: Rahul Vashishtha, Duke University Disclosure of Mutual Fund Holdings and Insider Trading Profitability Tathagat Mukhopadhyay, University of Colorado Boulder Karthik Balakrishnan, London Business School Lakshmanan Shivakumar, London Business School Discussant: Suhas A. Sridharan, Emory University The Feedback Effect of Disclosure Externalities Jinhwan Kim, Massachusetts Institute of Technology Ben P. Yost, Boston College Rodrigo Verdi, Massachusetts Institute of Technology Discussant: Jacob Thornock, Brigham Young University Session 3.05: Fundamental Analysis and Valuation Accounting - 1.8 CH Moderator: Akash Chattopadhyay, University of Toronto Do Investors Adjust Financial Statement Ratios for Accounting-Based Timing Distortions? Evidence from Cash Flow Hedges John L. Campbell, The University of Georgia Jenna D’Adduzio, The University of Georgia Jimmy Downes, University of Nebraska-Lincoln Steve Utke, University of Connecticut Discussant: Frank Ecker, Frankfurt School of Finance & Management Are Activist Investors Good or Bad for Business? Evidence from Capital Market Prices, Informed Traders, and Firm Fundamentals Edward P. Swanson, Texas A&M Glen Young, Texas State University Discussant: Akash Chattopadhyay, University of Toronto A Manufactured Diversification Discount John E. Hund, The University of Georgia Donald Monk, Rutgers, The State University of New Jersey, New Brunswick Sheri Tice, Tulane University Discussant: Gerardo Perez Cavazos, Harvard University Session 3.06: Securities Regulation II Accounting - 1.8 CH Moderator: Elizabeth Blankespoor, Stanford University When Does the SEC Exercise Enforcement Leniency? Michelle Liu, Hunter College-CUNY Andrew J. Leone, University of Miami Edward Li, Baruch College-CUNY Discussant: Kathleen Hanley, Lehigh University Securities Regulation and Household Stock Market Participation Hans Bonde Christensen, The University of Chicago Mark G. Maffett, The University of Chicago Lauren Vollon, The University of Chicago Discussant: Jean-Marie Meier, The University of Texas at Dallas The Influence of Cross-Border Cooperation on Market Quality Roger Silvers, The University of Utah Discussant: Hans Bonde Christensen, The University of Chicago Session 3.07: The Role of Social Media and New Technology Accounting - 1.8 CH Moderator: Joseph Johnson, University of Central Florida Twitter Images, Press Release Prominence, and Investors’ Reliance on Pro Forma Earnings Nerissa C. Brown, University of Delaware Wynter Brooke Elliott, University of Illinois at Urbana-Champaign Stephanie Grant, University of Washington Discussant: Ryan Dale Guggenmos, Cornell University Undue Influence? The Effect of Social Media Advice on Investment Decisions Dan Zhou, Emory University Kathryn Kadous, Emory University Molly Mercer, DePaul University Discussant: Siman Li, Georgia Institute of Technology Linguistic Formality and Perceived Engagement - Investors’ Reactions to Two Unique Characteristics of Social Media Disclosures Patrick Witz, Cornell University Kristina Rennekamp, Cornell University Discussant: Yushi Tian, University of Massachusetts Amherst
11:45 am - 1:30 pm	Lunch Pathways to a Sustainable Future Speaker: Markus Ahrens, 2017-2018 AAA Council Chair Elect, Saint Louis Community College - Meramec
2:00 pm - 3:30 pm	Concurrent Sessions Session 4.01: Forecasting Profitability Accounting - 1.8 CH Moderator: Akash Chattopadhyay, University of Toronto Life Cycle Models and Forecasting Growth and Profitability Patrick Vorst, Indiana University Bloomington Teri Lombardi Yohn, Indiana University Bloomington Discussant: Donald Monk, Rutgers, The State University of New Jersey, New Brunswick Beating a Random Walk Peter Easton, University of Notre Dame Peter Kelly, University of Notre Dame Andreas Neuhierl, University of Notre Dame Discussant: Akash Chattopadhyay, University of Toronto Why Do Accruals Predict Earnings? Robert J. Resutek, The University of Georgia Jonathan Lewellen, Dartmouth College Discussant: Salman Arif, University of Pennsylvania Session 4.02: Securities Regulation - III Accounting - 1.8 CH Moderator: Suzie Noh, Massachusetts Institute of Technology Corporate Subsidies and Political Contributions: State-Level Evidence Daniel Aobdia, Northwestern University Allison Koester, Georgetown University Reining Petacchi, Georgetown University Discussant: Laura Wellman, The University of Utah Proprietary Costs, Agency Costs, and the Heterogeneity in the Economic Consequences of Mandatory Disclosure. Ying Zhou, University of Connecticut Discussant: Mark G. Maffett, The University of Chicago The Burden of Being Public: Evidence from Local Labor Markets Andrew Bird, Carnegie Mellon University Stephen Adam Karolyi, Carnegie Mellon University Thomas Ruchti, Carnegie Mellon University Discussant: John Manuel Barrios, The University of Chicago Session 4.03: Information and Credit Prices Accounting - 1.8 CH Moderator: Andrew Gordon Sutherland, Massachusetts Institute of Technology Changes in Corporate Investment Policy Following the Inception of Credit Default Swap Trade Hyun (Shana) A. Hong, University of California, Riverside Ji Woo Ryou, The University of Texas Rio Grande Valley Anup Srivastava, Dartmouth College Discussant: Aytekin Ertan, London Business School Equity-Market Trading Restrictions and Credit Prices: Evidence from Short-Sale Constraints around the World Mark G. Maffett, The University of Chicago Edward Owens, Emory University Discussant: Xiumin Martin, Washington University in St. Louis Making Sense of Soft Information: Interpretation Bias and Ex-Post Lending Outcomes Dennis Campbell, Harvard University Maria Loumioti, The University of Texas at Dallas Regina Wittenberg Moerman, University of Southern California Discussant: Christine Cuny, New York University Session 4.04: The Relation Between Earnings, Cash Flows, and Accruals Accounting - 1.8 CH Moderator: Ciao-Wei Chen, University of Illinois The Changing Landscape of Accrual Accounting: Implications for Operating Cash Flow Predictability Suresh Nallareddy, Duke University Mani Sethuraman, Cornell University Mohan Venkatachalam, Duke University Discussant: Alina Lerman, Yale University On the Relationship between Accruals and Cash Flows: Earnings as a Confounding Variable Sok-Hyon Kang, George Washington University Hyun Jong Na, George Washington University Seunghee Yang, Seoul National University Discussant: R. Christopher Small, University of Toronto The Marginal Coefficient: A New Approach for Identifying Observation Level Sensitivities Ruyun Feng, University of Maryland College Park Oliver Kim, University of Maryland College Park Michael Kimbrough, University of Maryland College Park Discussant: P.J. Hoffman, Purdue University Session 4.05: Bank Failures, Systemic Risk, and Financial Stability Accounting - 1.8 CH Moderator: Yadav Krishna Gopalan, Washington University in St. Louis Inferring Management Quality at Banks from Accounting Data and its Role in Bank Failures Prateek Sharma, Louisiana State University Jung Eun “J. P.” Park, University of Nebraska at Omaha Discussant: Yadav Krishna Gopalan, Washington University in St. Louis Common Block Ownership in Banks and Systemic Risk Michael Iselin, University of Minnesota, Minneapolis Scott Liao, University of Toronto Haiwen Zhang, The Ohio State University Discussant: Jeffrey J. Burks, University of Notre Dame Offsetable Derivative Exposures and Financial Stability Jed Neilson, The Pennsylvania State University Biqin Xie, The Pennsylvania State University Christopher Williams, University of Michigan K. Philip Wang, University of Florida Discussant: Gauri Bhat, Southern Methodist University Session 4.06: Intersections of Accounting and Finance Accounting - 1.8 CH Moderator: Eric So, Massachusetts Institute of Technology Financing Decisions, Capital Expenditures, and the Effect of Favoritism Lucile C. Faurel, Arizona State University Mark T. Soliman, University of Southern California Jessica C. Watkins, Indiana University Bloomington Teri Lombardi Yohn, Indiana University Bloomington Discussant: Asher Curtis, University of Washington Public Short Campaigns: Information or Manipulation? Danqi Hu, Northwestern University Discussant: Ayung Tseng, Indiana University Bloomington Why Are Aggregate Investing Activities Negatively Associated with Macroeconomic Outcomes? Asher Curtis, University of Washington Hyung il Oh, University of Washington, Bothell Discussant: Zachary R. Kaplan, Washington University in St. Louis Session 4.07: Disclosure Accounting - 1.8 CH Moderator: Keehea Moon, University of Washington Geographic Peer Effects in Management Earnings Forecasts Dawn Matsumoto, University of Washington Matthew Serfling, The University of Tennessee Sarah Shaikh, University of Washington Discussant: Kristian Dietrich Allee, University of Arkansas Institutional Cross-Ownership and Corporate Disclosure Ashiq Ali, The University of Texas at Dallas Zhongwen Fan, The University of Texas at Dallas Ningzhong Li, The University of Texas at Dallas Discussant: Stephen Adam Karolyi, Carnegie Mellon University The Information Externality of Corporate Financial Information in the Secondary Municipal-Bond Market Stephanie F. Cheng, University of Toronto Discussant: Reining Petacchi, Georgetown University
3:30 pm - 4:00 pm	Break
4:00 pm - 5:30 pm	Concurrent Sessions Session 5.01: Analysts and Their Forecasts Accounting - 1.8 CH Moderator: John Donovan, University of Notre Dame Filling in the GAAPs in Individual Analysts’ Street Earnings Forecasts Brian Bratten, University of Kentucky Stephannie A. Larocque, University of Notre Dame Teri Lombardi Yohn, Indiana University Bloomington Discussant: Philip B. Shane, College of William & Mary Decision Fatigue and Heuristic Analyst Forecasts David Hirshleifer, University of California, Irvine Yaron Levi, University of Southern California Ben Lourie, University of California, Irvine Siew Hong Teoh, University of California, Irvine Discussant: Michael B. Clement, The University of Texas at Austin Quantifying the Effect of Information and Ability Spillovers on Analyst Earnings Forecast Accuracy Estelle (Yuan) Sun, Boston University Thaddeus Andrew Neururer, The University of Akron Discussant: Cristi A. Gleason, The University of Iowa Session 5.02: Credit Ratings Accounting - 1.8 CH Moderator: Raphael Duguay, The University of Chicago Ratings Shopping in the Municipal Bond Market: Evidence from Ratings Recalibrations Anne Beatty, The Ohio State University Jacquelyn Gillette, Massachusetts Institute of Technology Reining Petacchi, Georgetown University Joseph P. Weber, Massachusetts Institute of Technology Discussant: Stephen Adam Karolyi, Carnegie Mellon University The Effect of Credit Ratings on Voluntary Disclosure Riddha Sattam Basu, Northwestern University James Patrick Naughton, Northwestern University Clare Wang, The University of Iowa Discussant: Andrew Gordon Sutherland, Massachusetts Institute of Technology The Imprecision of Public Information and the Information Content of Credit Rating Changes Christine Cuny, New York University Ryan Ball, University of Michigan Discussant: Thomas Ruchti, Carnegie Mellon University Session 5.03: Earnings Management III Accounting - 1.8 CH Moderator: John Kepler, University of Pennsylvania A Reputation for Beating Analysts’ Expectations and the Slippery Slope to Earnings Manipulation Yu Wang, University of Houston Patricia Dechow, University of California, Berkeley Jenny Chu, University of Cambridge Kai Wai Hui, The University of Hong Kong Discussant: Ethan Rouen, Harvard University Insider Trading Restrictions and Earnings Management Beatriz Garcia Osma, Universidad Carlos III de Madrid Elvira Scarlat, IE Business School Karin Shields, Birkbeck, University of London Discussant: John Kepler, University of Pennsylvania Using Google Searches of Firm Products to Detect Revenue Management and Predict Firm Performance Peng-Chia Chiu, The Chinese University of Hong Kong Xuan Huang, The California State University, Long Beach Yinglei Zhang, The Chinese University of Hong Kong Siew Hong Teoh, University of California, Irvine Discussant: Holly Yang, Singapore Management University Session 5.04: Earnings Comparability Accounting - 1.8 CH Moderator: Aaron Roeschley, The University of Arizona Consistency as a Path to Comparability: Benefits and Costs Michael Iselin, University of Minnesota, Minneapolis Gaoqing Zhang, University of Minnesota, Minneapolis Vivian Fang, University of Minnesota Discussant: Todd Kravet, University of Connecticut Do Analyst Adjustments Affect Earnings Comparability? Hakyin Lee, Hofstra University Carol Marquardt, Baruch College-CUNY Jangwon Suh, New York Institute of Technology Discussant: Gus De Franco, Tulane University Chief Accounting Officers on Top Management Teams and Financial Reporting Quality Adrienne C. Rhodes, Texas A&M Daniel Russomanno, The University of Arizona Discussant: Dawn Matsumoto, University of Washington Session 5.05: Executive Compensation Accounting - 1.8 CH Moderator: Robin Litjens, Tilburg University Compensation Committee Attributes and the Treatment of Earnings in Incentive Pay Mary Ellen Carter, Boston College Luann J. Lynch, University of Virginia Melissa Martin, University of Illinois at Chicago Discussant: Michael Erkens, Erasmus University Rotterdam Do Executive Compensation Contracts Maximize Firm Value? Evidence from a Quasi-Natural Experiment Menachem (Meni) Abudy, Bar-Ilan University Dan Amiram, Columbia University Oded Rozenbaum, George Washington University Efrat Shust, The College of Management Academic Studies Discussant: Christoph Johann Sextroh, Tilburg University Proxy Advisors’ Recipe for Compensation Analysis Rafael Copat, Rice University Discussant: Paige Harrington Patrick, University of Washington Session 5.06: Bank Regulation Accounting - 1.8 CH Moderator: Anna V. Kleymenova, The University of Chicago Hub-and-Spoke Regulation and Bank Leverage Yadav Krishna Gopalan, Washington University in St. Louis Ankit Kalda, Washington University in St. Louis Asaf Manela, Washington University in St. Louis Discussant: Anna V. Kleymenova, The University of Chicago Regulatory Treatment of Changes in Fair Value and the Composition of Banks’ Investment Portfolios Michael Iselin, University of Minnesota, Minneapolis JungKoo Kang, University of Southern California Joshua Madsen, University of Minnesota Discussant: Yiwei Dou, New York University The Death of a Regulator: Strict Supervision, Bank Lending, and Business Activity Joao Granja, The University of Chicago Christian Leuz, The University of Chicago Discussant: Mark Kohlbeck, Florida Atlantic University Session 5.07: Globalization and Domestic Institutions Accounting - 1.8 CH Moderator: Patricia L. Naranjo, Rice University Through Thick and Thin: Political Risk and the Interdependencies Between MNCs and Host Countries Jennifer L. Blouin, University of Pennsylvania Clare Wang, The University of Iowa Laura Wellman, The University of Utah Discussant: Jonas Heese, Harvard University Is the U.S. Unique? International Evidence on the Aggregate Earnings-Returns Association Lindsey A. Gallo, University of Michigan Rebecca Hann, University of Maryland College Park Congcong Li, Singapore Management University Viktoriya V. Zotova, University of Maryland College Park Discussant: Patricia L. Naranjo, Rice University Protecting the Giant Pandas: Newspaper Censorship of Negative News Ole-Kristian Hope, University of Toronto Han Wu, HEC Paris Yi Li, Hunan University Qiliang Liu, Huazhong University of Science and Technology Discussant: Shunyao Jin, Michigan State University

Note: The CPE Fields of Study curriculum is divided into twenty subject matter areas. These fields represent the primary knowledge and skill areas needed by accounting licensees to perform professional services in all fields of employment. Each Credit Hour is based on 50 minutes. The Program Level for each of these sessions is Basic, unless otherwise stated. Delivery Method: Group Live

American Accounting Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

To register for this course, visit the Web site and register online or contact (941)-921-7747. For more information regarding refund, complaint and program cancellation policies, please contact our offices at (941)-921-7747