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Friday, January 27, 2017

7:00 am – 11:45 am	Doctoral Consortium
Friday, January 27, 2017 - FARS Midyear Meeting

7:30 am – 11:30 am	Research Methods Workshop with Continental Breakfast Two-Part Models and Selection Models for Corner Solution Outcomes CPE - 4.8 CH Speaker: Jeffrey Wooldridge, Michigan State University Presentation Click here
12:00 pm – 1:30 pm	Lunch Imagining Our Future: Envisioning Our Second Century Speaker: Audrey Gramling, Colorado State University, 2016-17 AAA Council Past-Chair
1:45 pm – 3:15 pm	Journal of Financial Reporting Mini-Conference Accounting - 1.8 CH Moderator: Richard Lambert, University of Pennsylvania Do Investors Benefit from Selective Access to Management? Brian Bushee, University of Pennsylvania Michael J. Jung, New York University regory S. Miller, University of Michigan Discussant: Richard Frankel, Washington University in St. Louis 10-K Disclosure Repitition and Managerial Reporting Incentives. Richard Cazier, The University of Texas El Paso Ray Pfeiffer, Texas Christian University Discussant: Mark Lang, The University of North Carolina at Chapel Hill Implied Cost of Equity Capital Estimates as Predictors of Accounting Returns and Stock Returns. Matthew Lyle, Northwestern University Stephannie A. Larocque, University of Notre Dame Discussant: Charles C.Y. Wang, Harvard University
3:15 pm – 3:45 pm	Break
3:45 pm – 5:15 pm	Concurrent Sessions Session 1.01: Audit Quality I Auditing - 1.8 CH Moderator: Roy Schmardebeck, University of Missouri Big N Auditors and Audit Quality: New Evidence from QuasiExperiments. John Jiang, Michigan State University Isabel Wang, Michigan State University Kailong Wang, Michigan State University Discussant: Daniel Aobdia, Northwestern University Does the Organization and Culture of the Largest Audit Firms Influence their Audit Quality and Efficiency? Daniel Aobdia, Northwestern University Discussant: Joseph Pacelli, Indiana University Does Engagement Partner Expertise Matter? Evidence from the U.S. Operations of the Big 4 Audit Firms. Daniel Aobdia, Northwestern University Saad M. Siddiqui, Public Company Accounting Oversight Board Andres Vinelli, Public Company Accounting Oversight Board Discussant: Lauren Cunningham, The University of Tennessee Session 1.02: Board of Directors: Expertise, Experience and Reputation Accounting - 1.8 CH Moderator: Francois Brochet, Boston University Board Heterogeneity of Expertise and Firm Performance. Daehyun Kim, University of Toronto Laura T. Starks, The University of Texas at Austin Discussant: Adrienne C. Rhodes, Texas A&M University Managing Reputation: Evidence from Biographies of Corporate Directors. Ian Gow, Harvard University Aida Sijamic Wahid, University of Toronto Gwen Yu, Harvard University Discussant: Francois Brochet, Boston University Transporting Transparency: Director Foreign Experience and Corporate Information Environment. Guanmin Liao, Central University of Finance and Economics Mark (Shuai) Ma, American University Xiaoyun Yu, Kelley School of Business Indiana University Discussant: Daehyun Kim, University of Toronto Session 1.03: Credit Ratings Accounting - 1.8 CH Moderator: Maria Loumioti, Massachusetts Institute of Technology Management Earnings Guidance and Future Credit Rating Agency Actions. An-Ping Lin, Singapore Management University Discussant: Yadav Gopalan, Washington University in St. Louis Managerial Incentives to Influence Credit Ratings Through Financial Reporting. Kyungha Lee, Rutgers, the State University of New Jersey Stefan Schantl, The University of Melbourne Discussant: Jordan Schoenfeld, The University of Utah Mandatory Financial Statement Disclosure and Credit Ratings. Steven Vanhaverbeke, KU Leuven Benjamin Balsmeier, Technical University Freiberg, Thorsten Doherr, Technical University Freidberg Discussant: Maria Loumioti, Massachusetts Institute of Technology Independence Session 1.04: Debt Covenants Accounting - 1.8 CH Moderator: Susie Wang, University of Michigan Debt Heterogeneity and Covenants. Clemens Otto, HEC Paris Yun Lou, HEC Paris Discussant: Rahul Vashishtha, Duke University Non-GAAP Reporting Following Debt Covenant Violation. Theodore E. Christensen, The University of Georgia Hang Pei, George Washington University Spencer Ryan Pierce, Florida State University Liang Tan, George Washington University Discussant: Susie Wang, University of Michigan Internal Forecast Accuracy and the Preemption of Covenant Violations. Ruihao Ke, Southern Methodist University Meng Li, University of Michigan Joseph Weber, Massachusetts Institute of Technology Jieying Zhang, The University of Texas at Dallas Discussant: Bradley E. Hendricks, The University of North Carolina at Chapel Hill Session 1.05: Debt Markets: Auditors, Regulators and Governments Accounting - 1.8 CH Moderator: Biqin Xie, The Pennsylvania State University Connected Auditors and Bank Loan Spreads. Lin Cheng, The University of Arizona Mei Cheng, The University of Arizona Dan S. Dhaliwal, The University of Arizona Steve Kaplan, The Arizona State University Discussant: Travis Dyer, The University of North Carolina at Chapel Hill Examining the Usefulness of Information Revealed During the SEC Filing Review Process: Evidence from Debt Contracting. Lauren Cunningham, The University of Tennessee Roy Schmardebeck, University of Missouri Wei Wang, University of Missouri Discussant: Michael Minnis, University of Chicago Government Guarantees and Banks’ Loan Loss Provision Smoothing. Manuela Dantas, Cornell University Kenneth Merkley, Cornell University Felipe Bastos G. Silva, Cornell University Discussant: Biqin Xie, The Pennsylvania State University Trade Session 1.06: Political Connections and Lobbying Accounting - 1.8 CH Moderator: Thomas Ruchti, Carnegie Mellon University Do Politically Connected Directors Affect Accounting Quality? Evidence from a Natural Experiment. Ole-Kristian Hope, University of Toronto Heng Yue, Singapore Management University Qinlin Zhong, Peking University Discussant: Kevin Smith, University of Pennsylvania Influence Activities, Coalitions, and Uniform Policies. Henry L. Friedman, University of California, Los Angeles Mirko Stanislav Heinle, University of Pennsylvania Discussant: Ying Liang, Baruch College–CUNY The Market for Information: Evidence on the Exchange of Information Between Brokerage Houses and Politicians. Andrew Stephan, Northwestern University Beverly R. Walther, Northwestern University Laura A. Wellman, The University of Utah Discussant: Michael T. Kirschenheiter, University of Illinois at Chicago Session 1.07: Taxes: Tax Avoidance and ETRs Taxes - 1.8 CH Moderator: Fabio Bredariol Gaertner, University of Wisconsin–Madison CEO Severance Pay and Corporate Tax Avoidance. John L. Campbell, The University of Georgia Xinjiao Guan, National University of Singapore Oliver Zhen Li, National University of Singapore Zhen Zheng, National University of Singapore Discussant: Fabio Bredariol Gaertner, University of Wisconsin–Madison Determinants and Consequences of Intra-Year Error in Annual Effective Tax Rate Estimates. Qi Dong, The Pennsylvania State University Erie Discussant: Sean Thomas McGuire, Texas A&M University Macroeconomic Effects of Aggregate Corporate Tax Avoidance: A Cross-Country Analysis. Terry J. Shevlin, University of California, Irvine Lakshmanan Shivakumar, London Business School Oktay Urcan, University of Illinois at Urbana-Champaign Discussant: Andrew Bird, Carnegie Mellon University
6:00 pm – 7:30 pm	Reception
Saturday, January 28, 2017

8:00 am – 9:30 am	Concurrent Sessions Session 2.01: CEO Reputation and Pay Accounting - 1.5 CH Moderator: Gregory Sabin, Boston University CEO Equity-Based Incentives and Shareholder Say-on-Pay in the U.S. Denton Collins, Texas Tech University Blair Marquardt, Texas Tech University Xu Niu, Texas Tech University Discussant: Shira Cohen, Temple University What Does Reporting Reputation Buy in the Options Market? The Effect of Reporting Streaks on Ex Ante Uncertainty. Edward Riedl, Boston University Thaddeus Andrew Neururer, Boston University George Papadakis, U.S. Securities and Exchange Commission Discussant: Volkan Muslu, University of Houston Benchmarking, Incentive Rebalancing, and the Influence of Labor Market Competition on CEO Equity Grants. Brian D. Cadman, The University of Utah Mary Ellen Carter, Boston College Xiaoxia Peng, The University of Utah Discussant: David Hendrik Erkens, University of Southern California Session 2.02: Earnings Management and Discretionary Accrual Proxies Accounting - 1.5 CH Moderator: Ciao-Wei Chen, University of Illinois Earnings Management Proxies: Prudent Business Decisions or Earnings Manipulation? Theodore E. Christensen, The University of Georgia Adrienna Huffman, Tulane University Melissa Fay Lewis-Western, Brigham Young University Discussant: Nerissa C. Brown, University of Delaware Behavior of Accrual Management and Performance of Discretionary Accrual Proxies. Wei Zhu, University of Illinois at Urbana-Champaign Yue Li, University of Illinois at Urbana-Champaign Discussant: Zhiyan Song, The University of Iowa Operating Asymmetries and Propensity Score Matching in Discretionary Accrual Models. Rajiv D. Banker, Temple University Dmitri Byzalov, Temple University Shunlan Fang, Kent State University Byunghoon Jin, Temple University Discussant: Jeff Lawrence McMullin, Indiana University Bloomington Session 2.03: Executive Compensation Accounting - 1.5 CH Moderator: Michael Shen, Michigan State University The Treatment of Special Items in Determining CEO Cash Compensation. James Potepa, George Washington University Discussant: Theodore H. Goodman, Purdue University CEO-to-Worker Pay Disparity and Cost of Debt: Excessive CEO Compensation or Effective Labor Cost Management? Lijun Lei, Virginia Polytechnic Institute and State University Discussant: David Veenman, University of Amsterdam Rank and File Equity Compensation and Earnings Management: Economic incentives and the Robin-Hood Effect. Darin Kip Holderness, West Virginia University Adrienna Huffman, Tulane University Melissa Fay Lewis-Western, Brigham Young University Discussant: Susanna Gallani, Harvard University Session 2.04: Financial Analysts: Information Provision and Interpretation Accounting - 1.5 CH Moderator: Matt Bjornsen, Oklahoma State University The Information Content of Analysts’ Book Value Per Share Forecasts. Dirk E. Black, Dartmouth College Thaddeus Andrew Neururer, Boston University Discussant: Zhenhua Chen, Tulane University Do Financial Analysts Compel Firms to Make Accounting Decisions?: Evidence from Goodwill Impairments. Douglas Ayres, Ball State University John L. Campbell, The University of Georgia James A. Chyz, The University of Tennessee Jonathan Shipman, University of Arkansas Discussant: Neerav Nagar, Indian Institute of Management Analyst Spin. Michael J. Jung, New York University Jing Chen, University at Buffalo, SUNY Zahn Bozanic, The Ohio State University Xuan Huang, California State University at Long Beach Discussant: Joshua Tyler White, The University of Georgia Session 2.05: Financial Reporting Quality Accounting - 1.5 CH Moderator: Zhejia Ling, Iowa State University Changes in Accounting Estimates: A Double-Edged Sword? Anne Albrecht, Texas Christian University Kyonghee Kim, University of Missouri Kwang June Lee, Securities and Exchange Commission Discussant: Melissa Fay Lewis-Western, Brigham Young University The Impact of Customer Attention on Aggressive Financial Reporting. Michael Drake, Brigham Young University Timothy Andrew Seidel, Brigham Young University Brady Twedt, Indiana University Bloomington David A. Wood, Brigham Young University Discussant: Zhejia Ling, Iowa State University Should Intangible Investments Be Reported Separately or Commingled with Operating Expenses? New Evidence. Luminita Enache, Victoria University-Wellington Anup Srivastava, Dartmouth College Discussant: Clare Wang, Northwestern University Session 2.06: Relative Performance Evaluation Accounting - 1.5 CH Moderator: Ana Maria Albuquerque, Boston University Relative Performance Benchmarks: Do Boards Get it Right? Paul Ma, University of Minnesota–Minneapolis Jee-Eun Shin, Harvard University Charles C.Y. Wang, Harvard University Discussant: Brian D. Cadman, The University of Utah Aggregate CEO Compensation, Aggregate Performance and Aggregate Relative Performance Evaluation. Ana Maria Albuquerque, Boston University Mary Ellen Carter, Boston College Bjorn N. Jorgensen, The London School of Economics and Political Science Discussant: Susanna Gallani, Harvard University Implementing Relative Performance Evaluation: The Role of Life Cycle Peers. Katharine Diane Drake, The University of Arizona Melissa Martin, University of Illinois at Chicago Discussant: Dirk E. Black, Dartmouth College Session 2.07: Real Earnings Management and the Cost of Misreporting Accounting - 1.5 CH Moderator: David M. Folsom, Lehigh University The Listing Cohort Phenomenon and Some Improvements in the Measurement of Real Activity Manipulation. Anup Srivastava, Dartmouth College Discussant: Xiaoli Tian, The Ohio State University What are the Costs of Admitting Mistakes for U.S. Listed Foreign Firms? Weili Ge, University of Washington Dawn Matsumoto, University of Washington Emily Wang, University of British Columbia Li Zhang, University of British Columbia Discussant: Cristi A. Gleason, The University of Iowa Wrongful Discharge Laws and Real Earnings Management. Kelly Huang, Florida International University Brent Lao, Florida International University Discussant: Yiwei Dou, New York University
9:15 am – 10:00 am	Break
10:00 am – 11:30 am	Concurrent Sessions Session 3.01: Algorithmic Trading and Journalism Accounting - 1.8 CH Moderator: Christopher Small, University of Toronto How Does Algorithmic Trading Improve Market Quality? Matthew Lyle, Northwestern University James Patrick Naughton, Northwestern University Discussant: Matthew C. Cedergren, New York University Robo-Journalism and Capital Markets. Elizabeth Blankespoor, Stanford University Ed deHaan, University of Washington Christina Zhu, Stanford University Discussant: John L. Campbell, The University of Georgia Do High-Frequency Traders Bring Fundamental Information into Prices? Nilabhra Bhattacharya, Southern Methodist University Bidisha Chakrabarty, Saint Louis University Xu Wang, Saint Louis University Discussant: Alina Lerman, Yale University Session 3.02: Earnings News Anomalies Accounting - 1.8 CH Moderator: Henry Laurion, University of California, Berkeley Individual Investor Over-Extrapolation. Stephen Adam Karolyi, Carnegie Mellon University Aytekin Ertan, London Business School Peter Kelly, Notre Dame Robert Stoumbos, Yale University Discussant: Alastair Lawrence, University of California, Berkeley Headline Salience and Over- and Underreactions to Earnings. Xuan Huang, California State University, Long Beach Alexander Nekrasov, University of California, Irvine Siew Hong Teoh, University of California, Irvine Discussant: Travis Dyer, The University of North Carolina at Chapel Hill Insider Trading and Post-Earnings Announcement Drift. Lyungmae Choi, Arizona State University Lucile C. Faurel, Arizona State University Stephen A. Hillegeist, Arizona State University Discussant: Henry Laurion, University of California, Berkeley Session 3.03: Fair Value Issues Accounting - 1.8 CH Moderator: John Donovan, University of Notre Dame Market Perceptions of the Informational and Convergence Effects of Fair Value Reporting for Tangible Assets: U.S. and Cross-Country Evidence. Edward Riedl, Boston University Lihong Liang, Syracuse University Jenelle Conaway, Boston University Discussant: John Donovan, University of Notre Dame Portfolio Performance Manipulation in Collateralized Loan Obligations. Maria Loumioti, Massachusetts Institute of Technology Florin Vasvari, London Business School iscussant: Edward Riedl, Boston University On the Precision of the Stock Market’s Information about CustomerRelated Investments. Chuchu Liang, Cornell University Eric Yeung, Cornell University Discussant: Michael Iselin, University of Minnesota–Minneapolis Independence Session 3.04: Financial Analysts: Peers, Buy-Side and Institutions Accounting - 1.8 CH Moderator: Zhenhua Chen, Tulane University Buy-Side Analysts’ Participation on Public Earnings Conference Calls. Andrew C. Call, Arizona State University Nathan Y. Sharp, Texas A&M University Thomas Shohfi, Rensselaer Polytechnic Institute Discussant: Li Zhang, Rutgers, the State University of New Jersey Market Reactions to the Closest Peer Firm’s Analyst Revisions. Ole-Kristian Hope, University of Toronto Wuyang Zhao, University of Toronto Discussant: Huihao Yan, Duke University Who Consumes Firm Disclosures? Evidence from Earnings Conference Calls. Jihwon Park, Harvard University Anne Heinrichs, University of Chicago Eugene Soltes, Harvard University Discussant: S. McKay Price, Lehigh University Session 3.05: Financial Analysts: Forecast and Revision Behavior Accounting - 1.8 CH Moderator: An-Ping Lin, Singapore Management University Can Ex-Post Bias Arise from an Ex-Ante Unbiased Forecast? Kathryn Brightbill, The University of Iowa Cristi A. Gleason, The University of Iowa Mark Penno, The University of Iowa Discussant: Antonis Kartapanis, The University of Texas at Austin Crowdsourced Earnings Forecasts, Analyst Forecast Timing, and the Speed of News Recognition. Rajiv D. Banker, Temple University Joshua Khavis, Temple University Han-Up Park, Temple University Discussant: Leila Peyravan, Rice University Earnings Announcement Clustering and Analyst Forecast Behavior. Matthew Driskill, California State University, Fullerton Marcus Paul Kirk, University of Florida Jennifer Wu Tucker, University of Florida Discussant: Michael Tang, New York University Session 3.06: Pricing Growth and Innovation Accounting - 1.8 CH Moderator: Samuel Tan, University of California, Berkeley The Use of Acquisitions to Report Continued Growth. Arthur Morris, The University of Utah Stephen Stubben, The University of Utah Discussant: Stephannie A. Larocque, University of Notre Dame Oil Prices, Earnings, and Stock Returns. Steven Crawford, University of Houston Garen Bedros Markarian, WHU-Otto Beisheim School of Management Volkan Muslu, University of Houston Richard A. Price, The University of Oklahoma Discussant: Christopher Rigsby, Northwestern University Stock Market Overvaluation, Moon Shots, and Corporate Innovation. Ming Dong, York University David Hirshleifer, University of California, Irvine Siew Hong Teoh, University of California, Irvine Discussant: Jody Grewal, HBS Tryon Session 3.07: Voluntary Disclosure Accounting - 1.8 CH Moderator: Mark E. Evans, Wake Forest University Strategic News Disclosure before Index Recompositions. Elisabeth Klaes, Frankfurt School of Finance and Management Joerg R. Werner, Frankfurt School of Finance and Management Christian Wilk, Frankfurt School of Finance and Management Discussant: Michael J. Jung, New York University Market Disruption and Managerial Responses: Evidence from Financial Reporting and Management Forecasts. Jinglin Jiang, Rutgers, the State University of New Jersey Vikram Nanda, The University of Texas at Dallas Steven Xiao, The University of Texas at Dallas Discussant: Alon Kalay, Columbia University The Effect of Algorithmic Trading on Voluntary Disclosure. Andrew Stephan, Northwestern University Discussant: Santhosh M. Ramalingegowda, The University of Georgia
12:00 pm – 1:30 pm	Lunch and Lifetime Achievement Award Recipient: Mary E. Barth, Stanford University
2:00 pm – 3:30 pm	Concurrent Sessions Session 4.01: Effects of Mandatory Disclosure Accounting - 1.8 CH Moderator: Kyle Peterson, University of Oregon Market-Wide Effects of Off-Balance Sheet Disclosures: Evidence from the Oil and Gas Industry. Marc Badia, IESE Business School Miguel Duro, IESE Business School Bjorn N. Jorgensen, The London School of Economics and Political Science Gaizka Ormazabal, IESE Business School Discussant: Daniele Macciocchi, LUISS Guido Carli University A Growing Wedge in Decision Usefulness: The Rise of Concurrent Earnings Announcements. Salman Arif, Indiana University Bloomington Nathan Thomas Marshall, University of Colorado Boulder Joseph H. Schroeder, Indiana University Bloomington Teri Lombardi Yohn, Indiana University Bloomington Discussant: Jing Pan, The University of Utah When You Talk, I Remain Silent: Spillover Effects of Peers' Mandatory Disclosures on Firms' Voluntary Disclosures. Matthias Breuer, University of Chicago Katharina Hombach, Ludwig Maximilian University of Munich Maximilian A. Mueller, WHU-Otto Beisheim School of Management Discussant: Kyle Peterson, University of Oregon Session 4.02: Financial Reporting and Disclosure Around the World Accounting - 1.8 CH Moderator: Emmanuel T. De George, London Business School Financial Reporting Differences Around the World: What Matters? Helena Isidro, Instituto Universitario de LIsboa Dhananjay Nanda, University of Miami Peter D. Wysocki, University of Miami Discussant: Emmanuel T. De George, London Business School Financial Reporting Enforcement and Firm Value. Mark G. Maffett, University of Chicago Hans Bonde Christensen, University of Chicago Lisa Yao Liu, University of Chicago Discussant: Annika Wang, University of California, Berkeley Starving for Information? Financial Reporting Frequency and Earnings Information Spillovers around the World. Emmanuel T. De George, London Business School Salman Arif, Indiana University Bloomington Discussant: Samuel Tan, University of California, Berkeley Session 4.03: Monitoring Effects: Standard Setters, Regulators and Activists Accounting - 1.8 CH Moderator: Sarah Shonka McCoy, Bentley University Activist Short-Selling. Wuyang Zhao, University of Toronto Discussant: Lucile C. Faurel, Arizona State University Performance Reporting of Comprehensive Income and Earnings Manipulations: Based on the Bank Holding Companies. Yiting Cao, Boston University Discussant: Anup Srivastava, Dartmouth College The Deterrence Effects of SEC Enforcement Actions on Insider Trading. Seong Jin Ahn, Washington University Jared Jennings, Washington University Discussant: Henry L. Friedman, University of California, Los Angeles Session 4.04: Perceptions of Non-Financial Information Accounting - 1.8 CH Moderator: Lauren Cooper, West Virginia University Do Investors perceive that Stock Positions create a Conflict of Interest? Evidence from Stock Opinions Transmitted Through Social Media. John L. Campbell, The University of Georgia Matthew David DeAngelis, Georgia State University James Robert Moon, Georgia State University Discussant: Yuan Xie, Fordham University Market Reaction to Mandatory Nonfinancial Disclosure. Jody Grewal, Harvard University Edward Riedl, Boston University George Serafeim, Harvard University Discussant: John L. Campbell, The University of Georgia Investment Professionals’ Use of Corporate Social Responsibility Disclosures. Markus C. Arnold, University of Bern Christoph Hoerner, University of Bern Patrick Ryan Martin, Indiana University Bloomington Donald V. Moser, University of Pittsburgh Discussant: George Ruch, The University of Oklahoma Session 4.05: Risk and Risk Management Accounting - 1.8 CH Moderator: Jenna Feagin, The University of Georgia Corporate Failure and the Business Cycle: Measuring Systematic Risk. Maria Ogneva, University of Southern California Joseph Piotroski, Stanford University Anastasia Zakolyukina, University of Chicago 3Discussant: Matthew Lyle, Northwestern University Real and Accounting Effects of Mandatory Derivatives Disclosures. Raluca Chiorean, Lehigh University Discussant: Michael Crawley, University of Arkansas Slack and Crash Risk. Theodore H. Goodman, Purdue University Volkan Muslu, University of Houston Hyungshin Park, Southern Methodist University Discussant: Robert Resutek, The University of Georgia Session 4.06: Taking the Pulse of The U.S. Economy Using Accounting Data Economics - 1.8 CH Moderator: Salman Arif, Indiana University Bloomington Overproduction, Aggregate Earnings Growth and GDP Growth. Bjorn N. Jorgensen, The London School of Economics and Political Science Yong Gyu Lee, Sungkyunkwan University Hyung il Oh, University of Washington Bothell Discussant: Salman Arif, Indiana University Bloomington From Accounting to Economics: The Role of Aggregate Special Items in Gauging the State of the Economy. Ahmed Abdalla, The London School of Economics and Political Science Jose Carabias, The London School of Economics and Political Science Discussant: Jean Zeng, University of California, Berkeley Another Look at the Macroeconomic Information Content of Aggregate Earnings. Rebecca Hann, University of Maryland–College Park Congcong Li, Singapore Management University Maria Ogneva, University of Southern California Discussant: Henry Laurion, University of California, Berkeley Session 4.07: Valuation, Future Performance and Benchmarking Accounting - 1.8 CH Moderator: Nicholas Martin, The University of North Carolina at Chapel Hill Do Dividends Convey Information about Future Earnings? Charles Ham, Washington University Zachary R. Kaplan, Washington University Mark Leary, Washington University in St. Louis Discussant: Alon Kalay, Columbia University Employment Protection Legislation and Firm Operating Performance. Henock Louis, The Pennsylvania State University Oktay Urcan, University of Illinois at Urbana-Champaign Discussant: Sam Bonsall, The Ohio State University The Search for Peer Firms: When Do Crowds Provide Wisdom? Charles M.C. Lee, Stanford University Paul Ma, University of Minnesota–Minneapolis Charles C.Y. Wang, Harvard University Discussant: John R.M. Hand, The University of North Carolina at Chapel Hill
3:30 pm – 4:00 pm	Break
4:00 pm – 5:30 pm	Concurrent Sessions Session 5.01: Audit Quality II Auditing - 1.8 CH Moderator: Kristen Valentine, The University of Texas at Austin Consistently in Trouble: Negative Consequences of Accounting Inconsistency. Kyle Peterson, University of Oregon Roy Schmardebeck, University of Missouri T. Jeffrey Wilks, Brigham Young University Discussant: Christopher Calvin, Duke University Equity-Debt Agency Costs and Demand for Audit Quality. Santhosh M. Ramalingegowda, University of Georgia Liang Tan, George Washington University Yong Yu, The University of Texas at Austin Discussant: John Jiang, Michigan State University The Impact of Audits on Financial Statement Error in the Presence of Incentive and Opportunity. Melissa Fay Lewis-Western, Brigham Young University Erik S. Boyle, The University of Utah Christine Ann Botosan, The University of Utah Discussant: Phillip T. Lamoreaux, Arizona State University Session 5.02: Disclosure and Managerial Ability Accounting - 1.8 CH Moderator: Ayung Tseng, Indiana University Bloomington CEO Ability Uncertainty, Career Concerns and Voluntary Disclosure. Khrystyna Bochkay, University of Miami Dhananjay Nanda, University of Miami Roman Chychyla, University of Miami Discussant: Anywhere Sikochi, Harvard University Market Risk Disclosure as Signal of Risk Management Effectiveness. Gerald Lobo, University of Houston Wei Z. Siqueira, University at Albany, SUNY Kinsun Tam, University at Albany, SUNY Jian Zhou, University of Hawaii-Manoa Discussant: Christina Synn, The University of North Carolina at Chapel Hill The Role of Managerial Ability and Incentives in Shaping the Clarity of Regulated Disclosures. Eric Holzman, Indiana University Bloomington Brian P. Miller, Indiana University Bloomington Discussant: Joshua Madsen, University of Minnesota Session 5.03: Gender and Ethnicity Effects Accounting - 1.8 CH Moderator: Kristina Rennekamp, Cornell University Beauty Premium? Evidence from Institutional Investors’ Voting for AllStar Analysts. Congcong Li, Singapore Management University An-Ping Lin, Singapore Management University Hai Lu, Singapore Management University evin Jason Veenstra, McMaster University Discussant: Meng Li, University of Michigan Does Information About Gender Pay Matter to Investors? An Experimental Investigation. Chelsea Rae Austin, University of South Carolina Donna Bobek Schmitt, University of South Carolina Ling Lin Harris, University of South Carolina Discussant: Ryan Dale Guggenmos, Cornell University Managers’ Cultural Background and Disclosure Attributes. Francois Brochet, Boston University Gregory S. Miller, University of Michigan Patricia L. Naranjo, Rice University Gwen Yu, Harvard University Discussant: Joseph Pacelli, Indiana University Session 5.04: Information Dynamics in Conference Calls Accounting - 1.8 CH Moderator: Joshua Alan Lee, The University of Georgia “Casting” a Doubt: Informational Role of Analyst Participation During Earnings Conference Calls. William J. Mayew, Duke University Mani Sethuraman, Cornell University Mohan Venkatachalam, Duke University Discussant: Kimball Chapman, Washington University in St. Louis Hyperbole or Reality? Investor Response to Extreme Language in Earnings Conference Calls. Khrystyna Bochkay, University of Miami Jeffrey Hales, Georgia Institute of Technology Sudheer Chava, Georgia Institute of Technology Discussant: Kimball Chapman, Washington University in St. Louis What Does “But” Really Mean? — Evidence from Managers’ Answers to Analysts’ Questions during Conference Calls. Ke Xu, Rutgers, the State University of New Jersey Dan Palmon, Rutgers, The State University of New Jersey, Newark Ari Yezegel, Bentley University Discussant: Mani Sethuraman, Cornell University Session 5.05: Strategic Disclosure Accounting - 1.8 CH Moderator: R. Christopher Small, University of Toronto Technological Peer Pressure and Product Disclosure. Sean Cao, Georgia State University Guang Ma, National University of Singapore Jennifer Wu Tucker, University of Florida Chi Wan, University of Massachusetts Boston Discussant: Michael Minnis, University of Chicago Strategic Disclosure Misclassification. Paul Ma, University of Minnesota–Minneapolis Stephen Adam Karolyi, Carnegie Mellon University Andrew Bird, Carnegie Mellon University Discussant: Gwen Yu, Harvard University Product-Market Competition and Strategic Disclosure of R&D Expenditures. Masako Darrough, Baruch College–CUNY Jangwon Suh, New York Institute of Technology Yannan Shen, New York Institute of Technology Discussant: John Donovan, University of Notre Dame Session 5.06: Taxes: Deductions, Refunds and Tax Risk Factors Taxes - 1.8 CH Moderator: Jaron Wilde, The University of Iowa A Signaling Benefit to Forgoing Tax Refunds: Evidence from Private Debt Contracts. Daniel Saavedra, University of California, Los Angeles Discussant: Jaron Wilde, The University of Iowa Do Mandatory Risk Factor Disclosures Predict Future Cash Flows and Stock Returns? Evidence from Tax Risk Factor Disclosures. John L. Campbell, The University of Georgia Mark Cecchini, University of South Carolina Anna M. Cianci, Wake Forest University Anne Ehinger, The University of Georgia Edward M. Werner, Rutgers, the State University of New Jersey Discussant: Jeff Lamro Hoopes, The University of North Carolina at Chapel Hill Do Tax Deductions for Goodwill Impairments Affect Financial Reporting? Sarah Blechinger, University of Connecticut Steve Utke, University of Connecticut Discussant: Nathan C. Goldman, The University of Texas at Dallas Session 5.07: Non-GAAP Reporting Accounting - 1.8 CH Moderator: Andrew Van Buskirk, The Ohio State University Litigation Risk and Non-GAAP Reporting. Richard Cazier, The University of Texas at El Paso Theodore E. Christensen, The University of Georgia Kenneth Merkley, Cornell University John S. Treu, Pace University Discussant: Jeffrey T. Doyle, Utah State University Non-GAAP Earnings Disclosure in Loss Firms. Edith Leung, Erasmus University Rotterdam David Veenman, Erasmus University Rotterdam Discussant: Jeffrey T. Doyle, Utah State University Non-GAAP Earnings Disclosure and IPO Pricing. Nerissa C. Brown, University of Delaware Theodore E. Christensen, The University of Georgia Andrea Menini, University of Padova Thomas DeVoe Steffen, Duke University Discussant: Thomas Ruchti, Carnegie Mellon University

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 and Credit Hours (CH) in red. 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.learningmarket.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.

Search/Browse Online Program

Friday, January 27, 2017

7:00 am – 11:45 am	Doctoral Consortium
Friday, January 27, 2017 - FARS Midyear Meeting

7:30 am – 11:30 am	Research Methods Workshop with Continental Breakfast Two-Part Models and Selection Models for Corner Solution Outcomes CPE - 4.8 CH Speaker: Jeffrey Wooldridge, Michigan State University Presentation Click here
12:00 pm – 1:30 pm	Lunch Imagining Our Future: Envisioning Our Second Century Speaker: Audrey Gramling, Colorado State University, 2016-17 AAA Council Past-Chair
1:45 pm – 3:15 pm	Journal of Financial Reporting Mini-Conference Accounting - 1.8 CH Moderator: Richard Lambert, University of Pennsylvania Do Investors Benefit from Selective Access to Management? Brian Bushee, University of Pennsylvania Michael J. Jung, New York University regory S. Miller, University of Michigan Discussant: Richard Frankel, Washington University in St. Louis 10-K Disclosure Repitition and Managerial Reporting Incentives. Richard Cazier, The University of Texas El Paso Ray Pfeiffer, Texas Christian University Discussant: Mark Lang, The University of North Carolina at Chapel Hill Implied Cost of Equity Capital Estimates as Predictors of Accounting Returns and Stock Returns. Matthew Lyle, Northwestern University Stephannie A. Larocque, University of Notre Dame Discussant: Charles C.Y. Wang, Harvard University
3:15 pm – 3:45 pm	Break
3:45 pm – 5:15 pm	Concurrent Sessions Session 1.01: Audit Quality I Auditing - 1.8 CH Moderator: Roy Schmardebeck, University of Missouri Big N Auditors and Audit Quality: New Evidence from QuasiExperiments. John Jiang, Michigan State University Isabel Wang, Michigan State University Kailong Wang, Michigan State University Discussant: Daniel Aobdia, Northwestern University Does the Organization and Culture of the Largest Audit Firms Influence their Audit Quality and Efficiency? Daniel Aobdia, Northwestern University Discussant: Joseph Pacelli, Indiana University Does Engagement Partner Expertise Matter? Evidence from the U.S. Operations of the Big 4 Audit Firms. Daniel Aobdia, Northwestern University Saad M. Siddiqui, Public Company Accounting Oversight Board Andres Vinelli, Public Company Accounting Oversight Board Discussant: Lauren Cunningham, The University of Tennessee Session 1.02: Board of Directors: Expertise, Experience and Reputation Accounting - 1.8 CH Moderator: Francois Brochet, Boston University Board Heterogeneity of Expertise and Firm Performance. Daehyun Kim, University of Toronto Laura T. Starks, The University of Texas at Austin Discussant: Adrienne C. Rhodes, Texas A&M University Managing Reputation: Evidence from Biographies of Corporate Directors. Ian Gow, Harvard University Aida Sijamic Wahid, University of Toronto Gwen Yu, Harvard University Discussant: Francois Brochet, Boston University Transporting Transparency: Director Foreign Experience and Corporate Information Environment. Guanmin Liao, Central University of Finance and Economics Mark (Shuai) Ma, American University Xiaoyun Yu, Kelley School of Business Indiana University Discussant: Daehyun Kim, University of Toronto Session 1.03: Credit Ratings Accounting - 1.8 CH Moderator: Maria Loumioti, Massachusetts Institute of Technology Management Earnings Guidance and Future Credit Rating Agency Actions. An-Ping Lin, Singapore Management University Discussant: Yadav Gopalan, Washington University in St. Louis Managerial Incentives to Influence Credit Ratings Through Financial Reporting. Kyungha Lee, Rutgers, the State University of New Jersey Stefan Schantl, The University of Melbourne Discussant: Jordan Schoenfeld, The University of Utah Mandatory Financial Statement Disclosure and Credit Ratings. Steven Vanhaverbeke, KU Leuven Benjamin Balsmeier, Technical University Freiberg, Thorsten Doherr, Technical University Freidberg Discussant: Maria Loumioti, Massachusetts Institute of Technology Independence Session 1.04: Debt Covenants Accounting - 1.8 CH Moderator: Susie Wang, University of Michigan Debt Heterogeneity and Covenants. Clemens Otto, HEC Paris Yun Lou, HEC Paris Discussant: Rahul Vashishtha, Duke University Non-GAAP Reporting Following Debt Covenant Violation. Theodore E. Christensen, The University of Georgia Hang Pei, George Washington University Spencer Ryan Pierce, Florida State University Liang Tan, George Washington University Discussant: Susie Wang, University of Michigan Internal Forecast Accuracy and the Preemption of Covenant Violations. Ruihao Ke, Southern Methodist University Meng Li, University of Michigan Joseph Weber, Massachusetts Institute of Technology Jieying Zhang, The University of Texas at Dallas Discussant: Bradley E. Hendricks, The University of North Carolina at Chapel Hill Session 1.05: Debt Markets: Auditors, Regulators and Governments Accounting - 1.8 CH Moderator: Biqin Xie, The Pennsylvania State University Connected Auditors and Bank Loan Spreads. Lin Cheng, The University of Arizona Mei Cheng, The University of Arizona Dan S. Dhaliwal, The University of Arizona Steve Kaplan, The Arizona State University Discussant: Travis Dyer, The University of North Carolina at Chapel Hill Examining the Usefulness of Information Revealed During the SEC Filing Review Process: Evidence from Debt Contracting. Lauren Cunningham, The University of Tennessee Roy Schmardebeck, University of Missouri Wei Wang, University of Missouri Discussant: Michael Minnis, University of Chicago Government Guarantees and Banks’ Loan Loss Provision Smoothing. Manuela Dantas, Cornell University Kenneth Merkley, Cornell University Felipe Bastos G. Silva, Cornell University Discussant: Biqin Xie, The Pennsylvania State University Trade Session 1.06: Political Connections and Lobbying Accounting - 1.8 CH Moderator: Thomas Ruchti, Carnegie Mellon University Do Politically Connected Directors Affect Accounting Quality? Evidence from a Natural Experiment. Ole-Kristian Hope, University of Toronto Heng Yue, Singapore Management University Qinlin Zhong, Peking University Discussant: Kevin Smith, University of Pennsylvania Influence Activities, Coalitions, and Uniform Policies. Henry L. Friedman, University of California, Los Angeles Mirko Stanislav Heinle, University of Pennsylvania Discussant: Ying Liang, Baruch College–CUNY The Market for Information: Evidence on the Exchange of Information Between Brokerage Houses and Politicians. Andrew Stephan, Northwestern University Beverly R. Walther, Northwestern University Laura A. Wellman, The University of Utah Discussant: Michael T. Kirschenheiter, University of Illinois at Chicago Session 1.07: Taxes: Tax Avoidance and ETRs Taxes - 1.8 CH Moderator: Fabio Bredariol Gaertner, University of Wisconsin–Madison CEO Severance Pay and Corporate Tax Avoidance. John L. Campbell, The University of Georgia Xinjiao Guan, National University of Singapore Oliver Zhen Li, National University of Singapore Zhen Zheng, National University of Singapore Discussant: Fabio Bredariol Gaertner, University of Wisconsin–Madison Determinants and Consequences of Intra-Year Error in Annual Effective Tax Rate Estimates. Qi Dong, The Pennsylvania State University Erie Discussant: Sean Thomas McGuire, Texas A&M University Macroeconomic Effects of Aggregate Corporate Tax Avoidance: A Cross-Country Analysis. Terry J. Shevlin, University of California, Irvine Lakshmanan Shivakumar, London Business School Oktay Urcan, University of Illinois at Urbana-Champaign Discussant: Andrew Bird, Carnegie Mellon University
6:00 pm – 7:30 pm	Reception
Saturday, January 28, 2017

8:00 am – 9:30 am	Concurrent Sessions Session 2.01: CEO Reputation and Pay Accounting - 1.5 CH Moderator: Gregory Sabin, Boston University CEO Equity-Based Incentives and Shareholder Say-on-Pay in the U.S. Denton Collins, Texas Tech University Blair Marquardt, Texas Tech University Xu Niu, Texas Tech University Discussant: Shira Cohen, Temple University What Does Reporting Reputation Buy in the Options Market? The Effect of Reporting Streaks on Ex Ante Uncertainty. Edward Riedl, Boston University Thaddeus Andrew Neururer, Boston University George Papadakis, U.S. Securities and Exchange Commission Discussant: Volkan Muslu, University of Houston Benchmarking, Incentive Rebalancing, and the Influence of Labor Market Competition on CEO Equity Grants. Brian D. Cadman, The University of Utah Mary Ellen Carter, Boston College Xiaoxia Peng, The University of Utah Discussant: David Hendrik Erkens, University of Southern California Session 2.02: Earnings Management and Discretionary Accrual Proxies Accounting - 1.5 CH Moderator: Ciao-Wei Chen, University of Illinois Earnings Management Proxies: Prudent Business Decisions or Earnings Manipulation? Theodore E. Christensen, The University of Georgia Adrienna Huffman, Tulane University Melissa Fay Lewis-Western, Brigham Young University Discussant: Nerissa C. Brown, University of Delaware Behavior of Accrual Management and Performance of Discretionary Accrual Proxies. Wei Zhu, University of Illinois at Urbana-Champaign Yue Li, University of Illinois at Urbana-Champaign Discussant: Zhiyan Song, The University of Iowa Operating Asymmetries and Propensity Score Matching in Discretionary Accrual Models. Rajiv D. Banker, Temple University Dmitri Byzalov, Temple University Shunlan Fang, Kent State University Byunghoon Jin, Temple University Discussant: Jeff Lawrence McMullin, Indiana University Bloomington Session 2.03: Executive Compensation Accounting - 1.5 CH Moderator: Michael Shen, Michigan State University The Treatment of Special Items in Determining CEO Cash Compensation. James Potepa, George Washington University Discussant: Theodore H. Goodman, Purdue University CEO-to-Worker Pay Disparity and Cost of Debt: Excessive CEO Compensation or Effective Labor Cost Management? Lijun Lei, Virginia Polytechnic Institute and State University Discussant: David Veenman, University of Amsterdam Rank and File Equity Compensation and Earnings Management: Economic incentives and the Robin-Hood Effect. Darin Kip Holderness, West Virginia University Adrienna Huffman, Tulane University Melissa Fay Lewis-Western, Brigham Young University Discussant: Susanna Gallani, Harvard University Session 2.04: Financial Analysts: Information Provision and Interpretation Accounting - 1.5 CH Moderator: Matt Bjornsen, Oklahoma State University The Information Content of Analysts’ Book Value Per Share Forecasts. Dirk E. Black, Dartmouth College Thaddeus Andrew Neururer, Boston University Discussant: Zhenhua Chen, Tulane University Do Financial Analysts Compel Firms to Make Accounting Decisions?: Evidence from Goodwill Impairments. Douglas Ayres, Ball State University John L. Campbell, The University of Georgia James A. Chyz, The University of Tennessee Jonathan Shipman, University of Arkansas Discussant: Neerav Nagar, Indian Institute of Management Analyst Spin. Michael J. Jung, New York University Jing Chen, University at Buffalo, SUNY Zahn Bozanic, The Ohio State University Xuan Huang, California State University at Long Beach Discussant: Joshua Tyler White, The University of Georgia Session 2.05: Financial Reporting Quality Accounting - 1.5 CH Moderator: Zhejia Ling, Iowa State University Changes in Accounting Estimates: A Double-Edged Sword? Anne Albrecht, Texas Christian University Kyonghee Kim, University of Missouri Kwang June Lee, Securities and Exchange Commission Discussant: Melissa Fay Lewis-Western, Brigham Young University The Impact of Customer Attention on Aggressive Financial Reporting. Michael Drake, Brigham Young University Timothy Andrew Seidel, Brigham Young University Brady Twedt, Indiana University Bloomington David A. Wood, Brigham Young University Discussant: Zhejia Ling, Iowa State University Should Intangible Investments Be Reported Separately or Commingled with Operating Expenses? New Evidence. Luminita Enache, Victoria University-Wellington Anup Srivastava, Dartmouth College Discussant: Clare Wang, Northwestern University Session 2.06: Relative Performance Evaluation Accounting - 1.5 CH Moderator: Ana Maria Albuquerque, Boston University Relative Performance Benchmarks: Do Boards Get it Right? Paul Ma, University of Minnesota–Minneapolis Jee-Eun Shin, Harvard University Charles C.Y. Wang, Harvard University Discussant: Brian D. Cadman, The University of Utah Aggregate CEO Compensation, Aggregate Performance and Aggregate Relative Performance Evaluation. Ana Maria Albuquerque, Boston University Mary Ellen Carter, Boston College Bjorn N. Jorgensen, The London School of Economics and Political Science Discussant: Susanna Gallani, Harvard University Implementing Relative Performance Evaluation: The Role of Life Cycle Peers. Katharine Diane Drake, The University of Arizona Melissa Martin, University of Illinois at Chicago Discussant: Dirk E. Black, Dartmouth College Session 2.07: Real Earnings Management and the Cost of Misreporting Accounting - 1.5 CH Moderator: David M. Folsom, Lehigh University The Listing Cohort Phenomenon and Some Improvements in the Measurement of Real Activity Manipulation. Anup Srivastava, Dartmouth College Discussant: Xiaoli Tian, The Ohio State University What are the Costs of Admitting Mistakes for U.S. Listed Foreign Firms? Weili Ge, University of Washington Dawn Matsumoto, University of Washington Emily Wang, University of British Columbia Li Zhang, University of British Columbia Discussant: Cristi A. Gleason, The University of Iowa Wrongful Discharge Laws and Real Earnings Management. Kelly Huang, Florida International University Brent Lao, Florida International University Discussant: Yiwei Dou, New York University
9:15 am – 10:00 am	Break
10:00 am – 11:30 am	Concurrent Sessions Session 3.01: Algorithmic Trading and Journalism Accounting - 1.8 CH Moderator: Christopher Small, University of Toronto How Does Algorithmic Trading Improve Market Quality? Matthew Lyle, Northwestern University James Patrick Naughton, Northwestern University Discussant: Matthew C. Cedergren, New York University Robo-Journalism and Capital Markets. Elizabeth Blankespoor, Stanford University Ed deHaan, University of Washington Christina Zhu, Stanford University Discussant: John L. Campbell, The University of Georgia Do High-Frequency Traders Bring Fundamental Information into Prices? Nilabhra Bhattacharya, Southern Methodist University Bidisha Chakrabarty, Saint Louis University Xu Wang, Saint Louis University Discussant: Alina Lerman, Yale University Session 3.02: Earnings News Anomalies Accounting - 1.8 CH Moderator: Henry Laurion, University of California, Berkeley Individual Investor Over-Extrapolation. Stephen Adam Karolyi, Carnegie Mellon University Aytekin Ertan, London Business School Peter Kelly, Notre Dame Robert Stoumbos, Yale University Discussant: Alastair Lawrence, University of California, Berkeley Headline Salience and Over- and Underreactions to Earnings. Xuan Huang, California State University, Long Beach Alexander Nekrasov, University of California, Irvine Siew Hong Teoh, University of California, Irvine Discussant: Travis Dyer, The University of North Carolina at Chapel Hill Insider Trading and Post-Earnings Announcement Drift. Lyungmae Choi, Arizona State University Lucile C. Faurel, Arizona State University Stephen A. Hillegeist, Arizona State University Discussant: Henry Laurion, University of California, Berkeley Session 3.03: Fair Value Issues Accounting - 1.8 CH Moderator: John Donovan, University of Notre Dame Market Perceptions of the Informational and Convergence Effects of Fair Value Reporting for Tangible Assets: U.S. and Cross-Country Evidence. Edward Riedl, Boston University Lihong Liang, Syracuse University Jenelle Conaway, Boston University Discussant: John Donovan, University of Notre Dame Portfolio Performance Manipulation in Collateralized Loan Obligations. Maria Loumioti, Massachusetts Institute of Technology Florin Vasvari, London Business School iscussant: Edward Riedl, Boston University On the Precision of the Stock Market’s Information about CustomerRelated Investments. Chuchu Liang, Cornell University Eric Yeung, Cornell University Discussant: Michael Iselin, University of Minnesota–Minneapolis Independence Session 3.04: Financial Analysts: Peers, Buy-Side and Institutions Accounting - 1.8 CH Moderator: Zhenhua Chen, Tulane University Buy-Side Analysts’ Participation on Public Earnings Conference Calls. Andrew C. Call, Arizona State University Nathan Y. Sharp, Texas A&M University Thomas Shohfi, Rensselaer Polytechnic Institute Discussant: Li Zhang, Rutgers, the State University of New Jersey Market Reactions to the Closest Peer Firm’s Analyst Revisions. Ole-Kristian Hope, University of Toronto Wuyang Zhao, University of Toronto Discussant: Huihao Yan, Duke University Who Consumes Firm Disclosures? Evidence from Earnings Conference Calls. Jihwon Park, Harvard University Anne Heinrichs, University of Chicago Eugene Soltes, Harvard University Discussant: S. McKay Price, Lehigh University Session 3.05: Financial Analysts: Forecast and Revision Behavior Accounting - 1.8 CH Moderator: An-Ping Lin, Singapore Management University Can Ex-Post Bias Arise from an Ex-Ante Unbiased Forecast? Kathryn Brightbill, The University of Iowa Cristi A. Gleason, The University of Iowa Mark Penno, The University of Iowa Discussant: Antonis Kartapanis, The University of Texas at Austin Crowdsourced Earnings Forecasts, Analyst Forecast Timing, and the Speed of News Recognition. Rajiv D. Banker, Temple University Joshua Khavis, Temple University Han-Up Park, Temple University Discussant: Leila Peyravan, Rice University Earnings Announcement Clustering and Analyst Forecast Behavior. Matthew Driskill, California State University, Fullerton Marcus Paul Kirk, University of Florida Jennifer Wu Tucker, University of Florida Discussant: Michael Tang, New York University Session 3.06: Pricing Growth and Innovation Accounting - 1.8 CH Moderator: Samuel Tan, University of California, Berkeley The Use of Acquisitions to Report Continued Growth. Arthur Morris, The University of Utah Stephen Stubben, The University of Utah Discussant: Stephannie A. Larocque, University of Notre Dame Oil Prices, Earnings, and Stock Returns. Steven Crawford, University of Houston Garen Bedros Markarian, WHU-Otto Beisheim School of Management Volkan Muslu, University of Houston Richard A. Price, The University of Oklahoma Discussant: Christopher Rigsby, Northwestern University Stock Market Overvaluation, Moon Shots, and Corporate Innovation. Ming Dong, York University David Hirshleifer, University of California, Irvine Siew Hong Teoh, University of California, Irvine Discussant: Jody Grewal, HBS Tryon Session 3.07: Voluntary Disclosure Accounting - 1.8 CH Moderator: Mark E. Evans, Wake Forest University Strategic News Disclosure before Index Recompositions. Elisabeth Klaes, Frankfurt School of Finance and Management Joerg R. Werner, Frankfurt School of Finance and Management Christian Wilk, Frankfurt School of Finance and Management Discussant: Michael J. Jung, New York University Market Disruption and Managerial Responses: Evidence from Financial Reporting and Management Forecasts. Jinglin Jiang, Rutgers, the State University of New Jersey Vikram Nanda, The University of Texas at Dallas Steven Xiao, The University of Texas at Dallas Discussant: Alon Kalay, Columbia University The Effect of Algorithmic Trading on Voluntary Disclosure. Andrew Stephan, Northwestern University Discussant: Santhosh M. Ramalingegowda, The University of Georgia
12:00 pm – 1:30 pm	Lunch and Lifetime Achievement Award Recipient: Mary E. Barth, Stanford University
2:00 pm – 3:30 pm	Concurrent Sessions Session 4.01: Effects of Mandatory Disclosure Accounting - 1.8 CH Moderator: Kyle Peterson, University of Oregon Market-Wide Effects of Off-Balance Sheet Disclosures: Evidence from the Oil and Gas Industry. Marc Badia, IESE Business School Miguel Duro, IESE Business School Bjorn N. Jorgensen, The London School of Economics and Political Science Gaizka Ormazabal, IESE Business School Discussant: Daniele Macciocchi, LUISS Guido Carli University A Growing Wedge in Decision Usefulness: The Rise of Concurrent Earnings Announcements. Salman Arif, Indiana University Bloomington Nathan Thomas Marshall, University of Colorado Boulder Joseph H. Schroeder, Indiana University Bloomington Teri Lombardi Yohn, Indiana University Bloomington Discussant: Jing Pan, The University of Utah When You Talk, I Remain Silent: Spillover Effects of Peers' Mandatory Disclosures on Firms' Voluntary Disclosures. Matthias Breuer, University of Chicago Katharina Hombach, Ludwig Maximilian University of Munich Maximilian A. Mueller, WHU-Otto Beisheim School of Management Discussant: Kyle Peterson, University of Oregon Session 4.02: Financial Reporting and Disclosure Around the World Accounting - 1.8 CH Moderator: Emmanuel T. De George, London Business School Financial Reporting Differences Around the World: What Matters? Helena Isidro, Instituto Universitario de LIsboa Dhananjay Nanda, University of Miami Peter D. Wysocki, University of Miami Discussant: Emmanuel T. De George, London Business School Financial Reporting Enforcement and Firm Value. Mark G. Maffett, University of Chicago Hans Bonde Christensen, University of Chicago Lisa Yao Liu, University of Chicago Discussant: Annika Wang, University of California, Berkeley Starving for Information? Financial Reporting Frequency and Earnings Information Spillovers around the World. Emmanuel T. De George, London Business School Salman Arif, Indiana University Bloomington Discussant: Samuel Tan, University of California, Berkeley Session 4.03: Monitoring Effects: Standard Setters, Regulators and Activists Accounting - 1.8 CH Moderator: Sarah Shonka McCoy, Bentley University Activist Short-Selling. Wuyang Zhao, University of Toronto Discussant: Lucile C. Faurel, Arizona State University Performance Reporting of Comprehensive Income and Earnings Manipulations: Based on the Bank Holding Companies. Yiting Cao, Boston University Discussant: Anup Srivastava, Dartmouth College The Deterrence Effects of SEC Enforcement Actions on Insider Trading. Seong Jin Ahn, Washington University Jared Jennings, Washington University Discussant: Henry L. Friedman, University of California, Los Angeles Session 4.04: Perceptions of Non-Financial Information Accounting - 1.8 CH Moderator: Lauren Cooper, West Virginia University Do Investors perceive that Stock Positions create a Conflict of Interest? Evidence from Stock Opinions Transmitted Through Social Media. John L. Campbell, The University of Georgia Matthew David DeAngelis, Georgia State University James Robert Moon, Georgia State University Discussant: Yuan Xie, Fordham University Market Reaction to Mandatory Nonfinancial Disclosure. Jody Grewal, Harvard University Edward Riedl, Boston University George Serafeim, Harvard University Discussant: John L. Campbell, The University of Georgia Investment Professionals’ Use of Corporate Social Responsibility Disclosures. Markus C. Arnold, University of Bern Christoph Hoerner, University of Bern Patrick Ryan Martin, Indiana University Bloomington Donald V. Moser, University of Pittsburgh Discussant: George Ruch, The University of Oklahoma Session 4.05: Risk and Risk Management Accounting - 1.8 CH Moderator: Jenna Feagin, The University of Georgia Corporate Failure and the Business Cycle: Measuring Systematic Risk. Maria Ogneva, University of Southern California Joseph Piotroski, Stanford University Anastasia Zakolyukina, University of Chicago 3Discussant: Matthew Lyle, Northwestern University Real and Accounting Effects of Mandatory Derivatives Disclosures. Raluca Chiorean, Lehigh University Discussant: Michael Crawley, University of Arkansas Slack and Crash Risk. Theodore H. Goodman, Purdue University Volkan Muslu, University of Houston Hyungshin Park, Southern Methodist University Discussant: Robert Resutek, The University of Georgia Session 4.06: Taking the Pulse of The U.S. Economy Using Accounting Data Economics - 1.8 CH Moderator: Salman Arif, Indiana University Bloomington Overproduction, Aggregate Earnings Growth and GDP Growth. Bjorn N. Jorgensen, The London School of Economics and Political Science Yong Gyu Lee, Sungkyunkwan University Hyung il Oh, University of Washington Bothell Discussant: Salman Arif, Indiana University Bloomington From Accounting to Economics: The Role of Aggregate Special Items in Gauging the State of the Economy. Ahmed Abdalla, The London School of Economics and Political Science Jose Carabias, The London School of Economics and Political Science Discussant: Jean Zeng, University of California, Berkeley Another Look at the Macroeconomic Information Content of Aggregate Earnings. Rebecca Hann, University of Maryland–College Park Congcong Li, Singapore Management University Maria Ogneva, University of Southern California Discussant: Henry Laurion, University of California, Berkeley Session 4.07: Valuation, Future Performance and Benchmarking Accounting - 1.8 CH Moderator: Nicholas Martin, The University of North Carolina at Chapel Hill Do Dividends Convey Information about Future Earnings? Charles Ham, Washington University Zachary R. Kaplan, Washington University Mark Leary, Washington University in St. Louis Discussant: Alon Kalay, Columbia University Employment Protection Legislation and Firm Operating Performance. Henock Louis, The Pennsylvania State University Oktay Urcan, University of Illinois at Urbana-Champaign Discussant: Sam Bonsall, The Ohio State University The Search for Peer Firms: When Do Crowds Provide Wisdom? Charles M.C. Lee, Stanford University Paul Ma, University of Minnesota–Minneapolis Charles C.Y. Wang, Harvard University Discussant: John R.M. Hand, The University of North Carolina at Chapel Hill
3:30 pm – 4:00 pm	Break
4:00 pm – 5:30 pm	Concurrent Sessions Session 5.01: Audit Quality II Auditing - 1.8 CH Moderator: Kristen Valentine, The University of Texas at Austin Consistently in Trouble: Negative Consequences of Accounting Inconsistency. Kyle Peterson, University of Oregon Roy Schmardebeck, University of Missouri T. Jeffrey Wilks, Brigham Young University Discussant: Christopher Calvin, Duke University Equity-Debt Agency Costs and Demand for Audit Quality. Santhosh M. Ramalingegowda, University of Georgia Liang Tan, George Washington University Yong Yu, The University of Texas at Austin Discussant: John Jiang, Michigan State University The Impact of Audits on Financial Statement Error in the Presence of Incentive and Opportunity. Melissa Fay Lewis-Western, Brigham Young University Erik S. Boyle, The University of Utah Christine Ann Botosan, The University of Utah Discussant: Phillip T. Lamoreaux, Arizona State University Session 5.02: Disclosure and Managerial Ability Accounting - 1.8 CH Moderator: Ayung Tseng, Indiana University Bloomington CEO Ability Uncertainty, Career Concerns and Voluntary Disclosure. Khrystyna Bochkay, University of Miami Dhananjay Nanda, University of Miami Roman Chychyla, University of Miami Discussant: Anywhere Sikochi, Harvard University Market Risk Disclosure as Signal of Risk Management Effectiveness. Gerald Lobo, University of Houston Wei Z. Siqueira, University at Albany, SUNY Kinsun Tam, University at Albany, SUNY Jian Zhou, University of Hawaii-Manoa Discussant: Christina Synn, The University of North Carolina at Chapel Hill The Role of Managerial Ability and Incentives in Shaping the Clarity of Regulated Disclosures. Eric Holzman, Indiana University Bloomington Brian P. Miller, Indiana University Bloomington Discussant: Joshua Madsen, University of Minnesota Session 5.03: Gender and Ethnicity Effects Accounting - 1.8 CH Moderator: Kristina Rennekamp, Cornell University Beauty Premium? Evidence from Institutional Investors’ Voting for AllStar Analysts. Congcong Li, Singapore Management University An-Ping Lin, Singapore Management University Hai Lu, Singapore Management University evin Jason Veenstra, McMaster University Discussant: Meng Li, University of Michigan Does Information About Gender Pay Matter to Investors? An Experimental Investigation. Chelsea Rae Austin, University of South Carolina Donna Bobek Schmitt, University of South Carolina Ling Lin Harris, University of South Carolina Discussant: Ryan Dale Guggenmos, Cornell University Managers’ Cultural Background and Disclosure Attributes. Francois Brochet, Boston University Gregory S. Miller, University of Michigan Patricia L. Naranjo, Rice University Gwen Yu, Harvard University Discussant: Joseph Pacelli, Indiana University Session 5.04: Information Dynamics in Conference Calls Accounting - 1.8 CH Moderator: Joshua Alan Lee, The University of Georgia “Casting” a Doubt: Informational Role of Analyst Participation During Earnings Conference Calls. William J. Mayew, Duke University Mani Sethuraman, Cornell University Mohan Venkatachalam, Duke University Discussant: Kimball Chapman, Washington University in St. Louis Hyperbole or Reality? Investor Response to Extreme Language in Earnings Conference Calls. Khrystyna Bochkay, University of Miami Jeffrey Hales, Georgia Institute of Technology Sudheer Chava, Georgia Institute of Technology Discussant: Kimball Chapman, Washington University in St. Louis What Does “But” Really Mean? — Evidence from Managers’ Answers to Analysts’ Questions during Conference Calls. Ke Xu, Rutgers, the State University of New Jersey Dan Palmon, Rutgers, The State University of New Jersey, Newark Ari Yezegel, Bentley University Discussant: Mani Sethuraman, Cornell University Session 5.05: Strategic Disclosure Accounting - 1.8 CH Moderator: R. Christopher Small, University of Toronto Technological Peer Pressure and Product Disclosure. Sean Cao, Georgia State University Guang Ma, National University of Singapore Jennifer Wu Tucker, University of Florida Chi Wan, University of Massachusetts Boston Discussant: Michael Minnis, University of Chicago Strategic Disclosure Misclassification. Paul Ma, University of Minnesota–Minneapolis Stephen Adam Karolyi, Carnegie Mellon University Andrew Bird, Carnegie Mellon University Discussant: Gwen Yu, Harvard University Product-Market Competition and Strategic Disclosure of R&D Expenditures. Masako Darrough, Baruch College–CUNY Jangwon Suh, New York Institute of Technology Yannan Shen, New York Institute of Technology Discussant: John Donovan, University of Notre Dame Session 5.06: Taxes: Deductions, Refunds and Tax Risk Factors Taxes - 1.8 CH Moderator: Jaron Wilde, The University of Iowa A Signaling Benefit to Forgoing Tax Refunds: Evidence from Private Debt Contracts. Daniel Saavedra, University of California, Los Angeles Discussant: Jaron Wilde, The University of Iowa Do Mandatory Risk Factor Disclosures Predict Future Cash Flows and Stock Returns? Evidence from Tax Risk Factor Disclosures. John L. Campbell, The University of Georgia Mark Cecchini, University of South Carolina Anna M. Cianci, Wake Forest University Anne Ehinger, The University of Georgia Edward M. Werner, Rutgers, the State University of New Jersey Discussant: Jeff Lamro Hoopes, The University of North Carolina at Chapel Hill Do Tax Deductions for Goodwill Impairments Affect Financial Reporting? Sarah Blechinger, University of Connecticut Steve Utke, University of Connecticut Discussant: Nathan C. Goldman, The University of Texas at Dallas Session 5.07: Non-GAAP Reporting Accounting - 1.8 CH Moderator: Andrew Van Buskirk, The Ohio State University Litigation Risk and Non-GAAP Reporting. Richard Cazier, The University of Texas at El Paso Theodore E. Christensen, The University of Georgia Kenneth Merkley, Cornell University John S. Treu, Pace University Discussant: Jeffrey T. Doyle, Utah State University Non-GAAP Earnings Disclosure in Loss Firms. Edith Leung, Erasmus University Rotterdam David Veenman, Erasmus University Rotterdam Discussant: Jeffrey T. Doyle, Utah State University Non-GAAP Earnings Disclosure and IPO Pricing. Nerissa C. Brown, University of Delaware Theodore E. Christensen, The University of Georgia Andrea Menini, University of Padova Thomas DeVoe Steffen, Duke University Discussant: Thomas Ruchti, Carnegie Mellon University

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