American Accounting Association Financial Accounting and Reporting Section 2007 Midyear Meeting January 19–20, 2007 San Antonio, Texas

Registration Information | Hotel Information | Program
Doctoral Consortium

Preliminary Program

Note: The CPE Fields of Study curriculum is divided into twenty three 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. Sessions that offer CPE credit have the Field of Study in red.

Friday, January 19, 2007
7:00 AM–5:00 PM	FARS Registration
8:00 AM–11:45 AM	Doctoral Consortium Accounting Presenters: Dan Collins, University of Iowa, and Holly Ashbaugh - Skaife, University of Wisconsin. Professors Collins and Ashbaugh-Skaife will cover the dynamics of a career in accounting academe with a focus on developing, implementing, and conducting research.
9:30 AM–10:00 AM	Break
10:00 AM–11:45 AM	Doctoral Consortium — continued
NOON - 1:30 PM	Luncheon Accounting Speaker: Greg Waymire - Accounting as an Evolved Institution
1:45 PM–3:15 PM	Plenary Session: The Role of Financial Reporting in Credit Ratings Accounting Greg Jonas, Moody's Investors Services -
3:15 PM–3:30 PM	Break
3:30 PM–5:00 PM	Plenary Session: FASB Update Accounting Tom Linsmeier, Financial Accounting Standards Board
6:00 PM–7:30 PM	Reception
Saturday, January 20, 2007
7:00 AM–2:00 PM	Registration
7:00 AM–8:00 AM	Continental Breakfast
8:00 AM–9:30 AM	Concurrent Sessions Session 1: A Proposed Accounting Curriculum Accounting Joel Demski (University of Florida) and John Fellingham (The Ohio State University) Session 2: Management Earnings Warnings: Determinants and Consequences Accounting Is Openness Penalized? Stock Price Changes around Earnings Warnings Jenny Tucker (University of Florida) Shareholder Litigation and Changes in Disclosure Behavior Jonathan L. Rogers, (University of Chicago), Andrew Van Buskirk (University of Chicago) Anti-Takeover Provisions and Management Earnings Forecasts Huijing Fu (Texas Christian University), Mark H. Liu (University of Kentucky) Discussant: Gans Narayanamoorthy (Yale University) Session 3: Earnings Quality and Corporate Structure Accounting The Existence and Explanations for the Private Company Discount Gus De Franco (University of Toronto), Ilanit Gavious, (Ben-Gurion University), Justin Yiqiang Jin (University of Toronto), Gordon D. Richardson (University of Toronto) Special Purpose Vehicles: Empirical Evidence on Determinants and Earnings Management Mei Feng (University of Pittsburgh), Jeffrey D. Gramlich (University of Southern Maine), Sanjay Gupta (Arizona State University) Earnings Quality and Excess Value of Diversification Sebahattin Demirkan (University of Texas at Dallas), Suresh Radhakrishnan (University of Texas at Dallas), Oktay Urcan (University of Texas at Dallas) Discussant: Per Olsson (Duke University) Session 4: Determinants of Executive Compensation and Turnover Accounting Financial Reporting Concerns, Framing Effects and Employee Stock Option Grants Jianxin Gong (University of Illinois at Urbana-Champaign) Agency Problems in Family Firms: Evidence from CEO Turnover and Firm Valuation Xia Chen (University of British Columbia), Qiang Cheng (University of British Columbia), Zhonglan Dai (University of Texas at Dallas) Investor myopia and CEO compensation Brian D. Cadman (Northwestern University), Jayanthi Sunder (Northwestern University) Discussant: Fabrizio Ferri (Harvard University) Session 5: Market Reaction to Earnings Surprises Accounting Driven to Distraction: Extraneous Events and Underreaction to Earnings News David A. Hirshleifer (University of California, Irvine), Sonya Seongyeon Lim (DePaul University), Siew Hong Teoh (University of California, Irvine) Short Sale Constraints, Heterogeneous Interpretations, and Asymmetric Price Reactions to Earnings Surprises Jianguo Xu (University of Hong Kong), Liu Zheng (University of Hong Kong) Management Forecasts, Disclosure Quality, and Market Efficiency Jeffrey Ng (University of Pennsylvania), Ayse Irem Tuna (University of Pennsylvania), Rodrigo S. Verdi (Massachusetts Institute of Technology) Discussant: Ray Pfeiffer (University of Massachusetts)
9:30 AM–10:00 AM	Break
10:00 AM–11:30 AM	Concurrent Sessions Session 6: - Facilitating Critical Thinking in the Classroom Accounting Pete Wilson (Boston College) Session 7: Regulation and Financial Reporting Quality Accounting Do Internal Control Reforms Improve Earnings Quality? Jennifer Lynne M. Altamuro (The Ohio State University), Anne L. Beatty (The Ohio State University) The SEC Comment Letter Process and Its Effects on the Quality of Disclosure for IPO Firms Yonca Ertimur (Duke University), Maria E. Nondorf (University of California, Berkeley) Disclosure Regulation and IPO Underpricing: An International Analysis Kuntara Pukthuanthong (San Diego State University), Charles Shi (University of California, Irvine), Thomas Walker (Concordia University) Discussant: Teri Yohn (University of Massachusetts) Session 8: Credibility of Disaggregated Disclosure Accounting Inventory Increases, MD&A Disclosures, and Firm Performance Yan Sun (Washington University) How Disaggregation Enhances the Credibility of Management Earnings Forecasts D. Eric Hirst (University of Texas at Austin), Lisa L. Koonce (University of Texas at Austin), Shankar Venkataraman (University of Texas at Austin) Disclosure of Financial Statement Information in Earnings Announcements Julia M. D'Souza (Cornell University), K. Ramesh (Michigan State University), Min Shen (George Mason University) Discussant: Shuping Chen, (University of Washington) Session 9: Intangible Asset Measurement Accounting Accounting Discretion and Purchase Price Allocation after Acquisitions Ivy Zhang (University of Minnesota), Yong Zhang (Hong Kong University of Science and Technology) The Effects of SFAS No. 142 Li Wang (Xavier University) Goodwill Impairment Charges Under SFAS No. 142: Role of Executives' Incentives and Corporate Governance Lale Guler (Texas A&M University) Discussant: Mary Barth (Stanford University) Session 10: Value Relevance of Accounting Numbers Accounting Is the Value Relevance of Earnings Information Really Decreasing Over Time? Chunlin Mao (The University of Hong Kong) Earnings as Lagging Economic Indicators of Market Return William M. Cready (University of Texas at Dallas), Umit G. Gurun (University of Texas at Dallas) Fundamentals-Based Risk Measurement in Valuation Alexander Nekrasov (University of Minnesota), Pervin K. Shroff (University of Minnesota) Discussant: Mohan Venkatachalam (Duke University)
11:45 AM–1:15 PM	Lunch Accounting Speaker: Shyam Sunder - The Econometrics of Fair Values
1:30 PM–3:00 PM	Concurrent Sessions Session 11 - - Agent Based Models and Accounting Fundamentals Accounting John Dickhaut (University of Minnesota) Session 12: Pricing of Analyst and Management Forecasts Accounting Do Earnings Announcements Really Trigger Analysts' Private Information Acquisition? Kai Wai Hui (Hong Kong Insititute of Science and Technology), Eric Yeung (University of Georgia) The Earnings Term Structure of Analyst Forecasts: With an Application to Errors-in-Expectations and the Value Premium Steven F. Orpurt (Singapore Management University), Mitch Warachka (Singapore Management University), Tracey Chungqi Zhang (Singapore Management University) Anticipating Future Performance Using the Current Earnings Expectation Path Theodore E. Christensen (Brigham Young University), Peter M. Johnson (Brigham Young University), Thomas J. Lopez (University of South Carolina) Discussant: Brian Rountree (Rice University) Session 13: Financial Reporting and Governance: Analytical Models Accounting Board Committees, CEO Compensation, and Earnings Management Christian Laux (Goethe University), Volker Laux(University of Texas at Austin) Corporate Governance in a Competitive Environment Richard C. Sansing (Dartmouth College), Phillip C. Stocken (Dartmouth College) Earnings' Quality and Smoothing Michael Kirschenheiter (Purdue University), Nahum D. Melumad (Columbia Univeristy) Discussant: Raghu Venugopalan (University of Minnesota) Session 14: Earnings Quality and Corporate Structure Accounting Comparing the Quality of Accruals for Alternative Summary Performance Measures in the Real Estate Investment Trust (REIT) Industry Desmond Tsang (McGill University) Comprehensive Income: Who's Afraid of Performance Statement Reporting? Linda Smith Bamber (University of Georgia), John (Xuefang) Jiang (Michigan State University), Kathy Ruby Petroni (Michigan State University), Isabel Wang (Michigan State University) Matching and the Properties of Accounting Earnings over the Last 40 Years Ilia D. Dichev (University of Michigan), Vicki Wei Tang (Georgetown University) Discussant: Tom Linsmeier (Financial Accounting Standards Board) Session 15: Analyst Incentives and Characteristics Accounting Analysts' Herding Propensity: Theory and Evidence from Earnings Forecasts Murugappa Krishnan (Yeshiva University), Steve ChongKol Lim (Texas Christian University), Ping Zhou (CUNY – Baruch) Brokerage Industry Self-Regulation: The Case of Analysts' Background Disclosures Lawrence D. Brown (Georgia State University), Artur Hugon (Georgia State University), Hai Lu (University of Toronto) Optimism in Analysts' Estimates of Street Earnings for Glamour Stocks Bok Baik (Florida State University), David B. Farber (University of Missouri, Columbia), Kathy Ruby Petroni (Michigan State University) Discussant: Christi Gleason (University of Iowa)
3:00 PM–3:30 PM	Break
3:30 PM–5:00 PM	Concurrent Sessions Session 16: Earnings Management: Incentives and Consequences Accounting Executive Stock Options, Missed Earnings Targets and Earnings Management: Evidence From Book-Tax Differences Mary Lea McAnally (Texas A&M University), Anup Srivastava (Texas A&M University), Connie D. Weaver (Texas A&M University) Benchmarking Against the Performance of High Profile 'Scandal' Firms Randolph P. Beatty (University of Southern California), Nuri Emre Karaoglu (University of Southern California), Tatiana Sandino(University of Southern California) An Investigation of Earnings Management Though Marketing Actions Craig J. Chapman (Harvard University), Thomas J. Steenburgh (Harvard University) Discussant: Dennis Chambers (University of Kentucky) Session 17: Timing and Content of Earnings Announcements Accounting Strategic Timing of Pro Forma Earnings Announcements Nerissa C. Brown (University of Southern California), Theodore E. Christensen (Brigham Young University), W. Brook Elliott (University of Illinois at Urbana-Champaign) Do Investors Delay Their Responses? An Investigation of Interdependence of the Information Content of Earnings Announcements and SEC Filings Hai Lu (University of Toronto) The Timing of Industry and Firm Earnings Information in Securities Prices: A Re-Evaluation Peiter D. Elgers (University of Massachusetts), Susan L. Porter (University of Massachusetts), Le Emily Xu (University of New Hampshire) Discussant: Carol Marquardt (CUNY – Baruch) Session 18: Financial Information and Credit Risk Accounting Creditors' Demand for Accounting Conservatism in Public Versus Private Firms: Evidence from Europe Willem F.J. Buijink (Maastricht University), Rick Cuijpers, Erik Peek (Maastricht University) Financial Ratio Covenants and Default Risk Peter R. Demerjian (University of Michigan) Credit Derivatives and Financial Information George E. Batta (University of Southern California) Discussant: Franco Wong (University of Toronto) Session 19: External Monitoring: Determinants and Consequences Accounting Financial Whistle-Blowing: Target Firm Characteristics and Economic Consequences Robert M. Bowen (University of Washington), Andrew Call (University of Washington), Shivaram Rajgopal (University of Washington) Institutional Monitoring and Corporate Restructurings Rowland Atiase (University of Texas at Austin), William J. Mayhew (Duke University), Yanfeng Xue (University of Texas at Austin) Hedge Fund Activism April Klein (New York University), Emanuel Zur (New York University) Discussant: Devin Shanthikumar (Harvard University) Session 20: Pricing of Information Risk Accounting Is Information Risk (PIN) Priced? Partha S. Mohanram (Columbia University), Shivaram Rajgopal (University of Washington) Information Externalities in Capital Markets: The Economic Determinants of Suppliers' Stock Price Reaction to Their Major Customers' Information Events Shailendra Pandit (The Ohio State University), Charles E. Wasley (University of Rochester), Tzachi Zach (Washington University) Are Information Attributes Priced? Christine A. Botosan (University of Utah), Marlene A. Plumlee (University of Utah) Discussant: Senyo Tse (Texas A&M University)

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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 addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Suite 700, Nashville, TN 37219-2417. Web site: www.nasba.org

The American Accounting Association program levels offered during the meeting will include basic, intermediate, advanced, overview and update. A number of NASBA Fields of Study will be offered and provided on the CPE verification form, along with CPE credit hours earned.

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