Menu

2020 Financial Accounting and Reporting Section Midyear Meeting

Click Here to Access Abstracts

Thursday, January 23, 2020, Doctoral Consortium

   
   
8:00 am - 8:50 am

Breakfast for Doctoral Consortium Participants

   
 8:50 am - 9:00 am

Introduction and Announcements
Speakers: Brad A. Badertscher, University of Notre Dame
Jacob Thornock, Brigham Young University

   
 9:00 am - 10:00 am

Surviving and Thriving in a Ph.D. Program
Speakers: Daniel W. Collins, The University of Iowa,
Elizabeth Blankespoor, University of Washington

   
 10:00 am - 10:15 am

Breakout Session

   
 10:15 am - 11:15 am

Writing a Dissertation
Moderator: Devin M. Shanthikumar, University of California, Irvine
Panelists: Rahul Vashishtha, Duke University
Victoria Dickinson, The University of Mississippi

   
 11:15 am- 11:30 am

Break

   
 11:30 am - 12:30 pm

Work Life Balance in a Ph.D. Program
Moderator: John M. McInnis, The University of Texas at Austin
Panelists: Jessica C. Watkins, University of Notre Dame,
Hsin-yi Hsieh, Tennessee State University

   
 12:30 pm - 1:30 pm

Lunch

   
1:30 pm - 2:30 pm 

Teaching and Service
Speakers: James M. Wahlen, Indiana University, Bloomington,
Kristina Rennekamp, Cornell University

   
 2:30 pm - 2:45 pm

Breakout Session

   
 2:45 pm - 3:45 pm

Research Productivity as a Student and Junior Faculty
Moderator: Reining Petacchi, Georgetown University

Panelists: John Donovan, University of Notre Dame,
Vivian W. Fang, University of Minnesota

   
 3:45 pm - 4:00 pm

Break

   
 4:00 pm - 5:00 pm

Navigating the Miami Rookie Camp and the Hunt for a Placement
Moderator: Andrew C. Call, Arizona State University

Panelists: Rita Gunn, Vanderbilt University,
Benjamin C. Whipple, University of Georgia

   
 5:00 pm - 5:15 pm

Wrap-up

   

Thursday, January 23, 2020 FARS Midyear Meeting

   
   
1:00 pm – 6:00 pm

Technical Session: Social Network Analysis: The Flow of Information Through Connections
Specialized Knowledge - 5.4 CH
Presenter: Stephen P. Borgatti, University of Kentucky

   
 7:00 pm - 8:00 pm

Welcome Reception

   

Friday, January 24, 2020 FARS Midyear Meeting

   
7:00 am - 8:00 am FARS Ladies Coffee Reception sponsored by University of Kentucky, University of Notre Dame, and University of Pennsylvania
   
 8:00 am - 9:30 am

Plenary Session
Accounting - 1.6 CH

President’s Welcome
Speaker: Sarah E. McVay, University of Washington

Contemporary Approaches in Financial Analyst Research
Moderator: 
Stephannie A. Larocque, University of Notre Dame

Crowdsourced Earnings Expectations and the Salience of Sell-Side Forecast Bias
Sandra Schafhäutle, University of Amsterdam
David Veenman, University of Amsterdam
Discussant: Mark T. Bradshaw, Boston College

Man Versus Machine: A Comparison of Robo-Analyst and Traditional Research Analyst nvestment Recommendations
Braiden Coleman, Indiana University
Kenneth Merkley, Indiana University Bloomington
Joseph Pacelli, Indiana University
Discussant: Stephannie A. Larocque, University of Notre Dame

On the Informativeness of Unexpected Exclusions from Street Earnings
Brian Bratten, University of Kentucky
Stephannie A Larocque, University of Notre Dame
Teri Lombardi Yohn, Indiana University Bloomington
Discussant: Benjamin C. Whipple, The University of Georgia

   
 9:30 am - 10:00 am

Break

   
 10:00 am - 11:30 am

Concurrent Sessions

1.01: Accounting Information News Dissemination Strategies
Accounting - 1.8 CH
Moderator: Wuyang Zhao, The University of Texas at Austin

Active Funds and Bundled News
Christina Zhu, The University of Pennsylvania
Charles M. C. Lee, Stanford University
Discussant: Wuyang Zhao, The University of Texas at Austin

Effective Defense Tactic or Obstacle to Change? The Role of Investor Relations in Activism Campaigns
Yinjie (Victor) Shen, Cleveland State University
Gonul Colak, Hanken School of Economics
Iftekhar Hasan, Fordham University
Discussant: Mani Sethuraman, Cornell University

Public Peer Firm Information in Mergers and Acquisitions of Privately Held Targets
Ciao-Wei Chen, University of Illinois at Urbana-Champaign
Daniel W. Collins, The University of Iowa
David Seung-Hyun Koo, University of Illinois at Urbana-Champaign
Richard D. Mergenthaler, The University of Arizona
Discussant: Jason Alan Ashby, The University of Tennessee

1.02: Anomalies and Risk
Accounting - 1.8 CH
Moderator: Joseph Gerakos, Dartmouth College

Explaining the Profitability Anomaly
Ryan Erhard, University of Southern California
Richard Sloan, University of Southern California
Discussant: Joseph Gerakos, Dartmouth College

Sifting Through Earnings per Share Distortion
Matthew C. Cedergren, University of Pennsylvania
Nathan Thomas Marshall, University of Colorado Boulder
Discussant: Angel Tengulov, Vanderbilt University

Using Accounting Earnings and Aggregate Economic Indicators to Estimate Firm-Level Systematic Risk
Ray Ball, The University of Chicago
Gil Sadka, The University of Texas at Dallas
Ayung Tseng, Indiana University Bloomington
Discussant: Asad Kausar, American University

1.03: Bank Performance and Loan Loss
Accounting - 1.8 CH
Moderator: Hami Amiraslani, INSEAD

An Information Quality-Based Explanation for Delayed Loan Loss Provisioning During the 2008 Financial Crisis
Ling Yang, Queen’s University
Discussant: Philip Barrett Wheeler, Tulane University

Delegated Monitoring and the Informativeness of Soft Information: Evidence from Bank Supervision
John Donovan, University of Notre Dame
Yadav Krishna Gopalan, Indiana University Bloomington
Salman Arif, Indiana University
Discussant: Carlo Maria Gallimberti, Boston College

Incremental Usefulness of the Parent-Only Balance Sheet to Debt Holders: Evidence from Banks
Jennifer Wu Tucker, University of Florida
Ying Zhou, University of Connecticut
Jigao Zhu, University of International Business and Economics
Discussant: Hami Amiraslani, INSEAD

1.04: Compensation
Accounting - 1.8 CH
Moderator: Andrea Pawliczek, University of Missouri

Executive Compensation, Insider Trading Profitability, and Individual-Level Tax Rates
Nathan Chad Goldman, North Carolina State University
Naim Bugra Ozel, The University of Texas at Dallas
Discussant: Chuancai Zhang, University of Kentucky

The Cyclicality of CEO Turnover
Heidi Packard, University of Michigan
Discussant: Matthew Serfling, University of Tennessee

Why Do Employees Exercise Stock Options Early?
Marshall David Vance, Virginia Polytechnic Institute and State University
Kevin J. Murphy, University of Southern California
Discussant: Andrea Pawliczek, University of Missouri

1.05: Political Pressure and Disclosures
Midtown 1
Accounting - 1.8 CH
Moderator: Nina Xu, University of Connecticut

Silence is Golden: Political Connection and Corporate Disclosure of Government Subsidies
Ningzhong Li, The University of Texas at Dallas
Youchao Tan, Jinan University
Cheng Zeng, The University of Manchester
Discussant: Reining Petacchi, Georgetown University

The Disciplinary Effect of Social Media: Evidence from Workplace Practices in Response to Glassdoor Reviews
Svenja Dube, Fordham University
Chenqi Zhu, University of California, Irvine
Discussant: John (Xuefeng) Jiang, Michigan State University

The Real Effects of Geographic Lending Disclosure on Banks
Yiwei Dou, New York University
Youli Zou, The George Washington University
Discussant: Nina Xu, University of Connecticut

1.06: Costs and Benefits of Disclosure
Accounting - 1.8 CH
Moderator: Francois Brochet, Boston University

Breaking It Down: Competitive Costs of Cost Disclosures
Sorabh N. Tomar, Southern Methodist University
Philip Berger, The University of Chicago
Jung Ho Choi, Stanford University
Discussant: James Omartian, University of Michigan

Economic Downturns and the Value of Management Earnings Forecasts
David Maslar, The University of Tennessee
Matthew Serfling, The University of Tennessee
Sarah Shaikh, University of Washington
Discussant: Shailendra Pandit, University of Illinois at Chicago

Relative Disclosure Efficiency
Peter Demerjian, University of Illinois at Chicago
Simmi Mookerjee, University of Washington
Bryce Alexander Schonberger, University of Rochester
Discussant: Francois Brochet, Boston University

1.07: Debt and Disclosure
Accounting - 1.8 CH
Moderator: Rui-Zhong Zhang, Tulane University

Do Lenders Influence Mandatory Disclosures? Evidence from Redacted Credit Agreements
Daniel A. Saavedra, University of California, Los Angeles
Discussant: Rui-Zhong Zhang, Tulane University

Mandatory Management Forecasts and Lender Expectations Management
Gabriel Pundrich, Bocconi University
Andrew Ferguson, University of Technology, Sydney
Discussant: Peter Demerjian, University of Illinois at Chicago

Do Banks Rely on the Secondary Corporate Bond Market for Borrower Monitoring?
Mahfuz Chy, University of Missouri
Hoyoun Kyung, University of Missouri
Discussant: Fellipe Raymundo, The University of Tennessee

   
12:00 pm - 1:30 pm

Lunch
Accounting - 1.0 CH

Introduction
Sarah E. McVay, FARS President, University of Washington

Sustainability and Financial Reporting
Panelists:Jeffrey Hales, University of Texas at Austin
James Hawley, TruValue Labs
 Leah Moehling, Calvert Research and Management

   
1:45 pm - 3:15 pm

Concurrent Sessions

2.01: Debt Markets
Accounting - 1.8 CH
Moderator: Ryan Patrick McDonough, Rutgers, The State University of New Jersey, Newark and New Brunswick

The Role of Capital Expenditure Forecasts in Debt Contracting
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: Daniele Macciocchi, The University of Utah

Rating Coarseness and the Information Environment: A Further Examination of Moody’s 2010 Recalibration
Pei Li, Southwestern University of Finance and Economics
Phillip C. Stocken, Dartmouth College
Leo Tang, Lehigh University
Discussant: Stephanie Fang Cheng, Tulane University

Separation in the Municipal Debt Market: Evidence from GASB 34
Amanda W. Beck, Georgia State University
Allison Koester, Georgetown University
William R. Baber, Georgetown University
Discussant: Ryan Patrick McDonough, Rutgers, The State University of New Jersey, Newark and New Brunswick

2.02: Determinants of Disclosure I
Accounting - 1.8 CH
Moderator: Matthias Breuer, Columbia University

Beating Burnout: Evidence on the Effect of Employee Distraction on Corporate Information Production Quality
Chen Chen, Monash University Caulfield
Discussant: Jing Wang, Vanderbilt University

Do Managers Bias Their Forecasts of Future Earnings in Response to their Firm’s Current Earnings Announcement Surprises?
Stephen P. Baginski, The University of Georgia
John L. Campbell, The University of Georgia
Patrick Woong Ryu, The University of Georgia
James Daniel Warren, The University of Georgia
Discussant: Matthew David DeAngelis, Georgia State University

Institutional Lenders and Corporate Disclosure: A Natural Experiment
Lin Cheng, The University of Arizona
Qiang Cheng, Singapore Management University
Liwei Weng, Arizona State University
Yuzhi Yan, The University of Arizona
Discussant: Matthias Breuer, Columbia University

2.03: Disclosure Quality
Accounting - 1.8 CH
Moderator: Xu Jiang, Duke University

Accounting Information Quality, Employment Risk, and Employee Pay
Yonghong Jia, Iowa State University
Xinghua Gao, Washington State University
Xiumin Martin, Washington University
Discussant: Ana Maria Albuquerque, Boston University

Going Concern: Who is Concerned?
Jingjing Wang, University of Toronto
Discussant: Victoria Dickinson, The University of Mississippi

The Contract Disclosure Mandate and Earnings Management under External Scrutiny
Carlos Corona, Carnegie Mellon University
Tae Wook Kim, The University of Hong Kong
Discussant: Xu Jiang, Duke University

2.04: Executive Compensation and Labor Markets
Accounting - 1.8 CH
Moderator: Joseph Pacelli, Indiana University

Career Experience and Executive Performance: Evidence from Former Equity Research Analysts
Shawn X. Huang, Arizona State University
Jean Hugon, Arizona State University
Summer Z. Liu, Arizona State University
Liwei Weng, Arizona State University
Discussant: Joseph Pacelli, Indiana University

Litigation Risk and the Independent Director Labor Market
Dain Donelson, The University of Texas
Elizabeth Tori, Texas A&M University
Christopher G. Yust, Texas A&M University
Discussant: Matthew C. Cedergren, University of Pennsylvania

Was Sarbanes-Oxley Costly? Evidence from Optimal Contracting on CEO Compensation
George-Levi Gayle, Washington University
Chen Li, Baruch College–CUNY
Robert A. Miller, Carnegie Mellon University
Discussant: Xiaoxia Peng, The University of Utah

2.05: External Governance Mechanisms
Accounting - 1.8 CH
Moderator: Thomas Bourveau, Columbia University

Investor Stewardship Codes and the Rise of Global Shareholder Activism
Gregory S. Miller, University of Michigan
Patricia L. Naranjo, Rice University
Gwen Yu, University of Michigan
Discussant: Thomas Bourveau, Columbia University

The Role of External Regulators in Mergers and Acquisitions: Evidence from SEC Comment Letters
Tingting Liu, Iowa State University
Tao Shu, The Chinese University of Hong Kong
Erin Marie Towery, The University of Georgia
Jasmine Wang, The University of Georgia
Discussant: Rachel Geoffroy, The Ohio State University

Wearing Out the Watchdog: SEC Case Backlog and Investigation Likelihood
Samuel B. Bonsall, The Pennsylvania State University
Eric Holzman, The Ohio State University
Brian P. Miller, Indiana University Bloomington
Discussant: Farzana Afrin, Boston College

2.06: Financial Analysts and Forecast Properties
Accounting - 1.8 CH
Moderator: Joshua Tyler White, Vanderbilt University

Analyst Coverage Overlaps and Interfirm Information Spillovers
Tim Martens, University of Mannheim
Christoph J. Sextroh, Tilburg University
Discussant: Joshua Tyler White, Vanderbilt University

First Impressions and Analyst Forecast Bias
Ben Lourie, University of California, Irvine
Phong Truong, The Pennsylvania State University
Thomas Ruchti, Carnegie Mellon University
David Hirshleifer, University of California, Irvine
Discussant: Hua Xin, University of Louisville

The Effects of MiFID II on Sell-Side Analysts, Buy-Side Analysts, and Firms
Bingxu Fang, University of Toronto
Ole-Kristian Hope, University of Toronto
Zhongwei Huang, City, University of London
Rucsandra Moldovan, Concordia University
Discussant: Eric H. Weisbrod, University of Miami

2.07: Financial Reporting Attributes
Accounting - 1.8 CH
Moderator: Steven Crawford, University of Houston

A Measure of Financial Statement Similarity
Stephen V. Brown, University of Connecticut
Guang Ma, McGill University
Jennifer Wu Tucker, University of Florida
Discussant: Jeff Lawrence McMullin, Indiana University Bloomington

Disengaged Owners and Financial Reporting: Evidence from Index Funds
Caleb Rawson, University of Arkansas
Stephen P. Rowe, University of Arkansas
Discussant: Steven Crawford, University of Houston

Does the Takeover Market Deter Opportunistic Non-GAAP Reporting?
David Godsell, University of Illinois at Urbana-Champaign
Luke Phelps, Queen’s University
Discussant: Dirk E. Black, University of Nebraska–Lincoln

   
3:15 pm - 3:45 pm

Break

   
3:45 pm - 5:15 pm

Concurrent Sessions

3.01: Determinants of Disclosure II
Accounting - 1.8 CH
Moderator: Hila Fogel-Yaari, Tulane University

Hiding or Helping? Determinants and Consequences of the Timing of Earnings Conference Calls
Zhongnan Xiang, Temple University
Sudipta Basu, Temple University
Discussant: Anastasia Zakolyukina, The University of Chicago

Investor-Management Disagreement and Qualitative Corporate Disclosure
Johan Maharjan, Rensselaer Polytechnic Institute
Haimeng Teng, Rensselaer Polytechnic Institute
Discussant: Hila Fogel-Yaari, Tulane University

Why is Certified Financial Reporting Mandatory? A Real-Effects Perspective
Xu Jiang, Duke University
Baohua Xin, University of Toronto
Yan Xiong, The Hong Kong University of Science and Technology
Discussant: Lucas Mahieux, Tilburg University

3.02: Disclosure Quality II
Accounting - 1.8 CH
Moderator: Jingjing Zhang, McGill University

Are Social Media Analysts Disrupting the Information Content of Sell-Side Analysts’ Reports?
Michael Drake, Brigham Young University
James Robert Moon, Georgia Institute of Technology
Brady Twedt, University of Oregon
James Daniel Warren, The University of Georgia
Discussant: Christina Zhu, University of Pennsylvania

Financial Reporting Comparability and Costs of Seasoned Equity Offerings
Adam Bordeman, California Polytechnic State University, San Luis Obispo
Philip B. Shane, The College of William & Mary
David B. Smith, University of Nebraska–Lincoln
Suning Zhang, Iowa State University
Discussant: Ahmet Kurt, Bentley University

Mandated Financial Reporting and Innovation
Matthias Breuer, Columbia University
Christian Leuz, The University of Chicago
Steven Vanhaverbeke, Erasmus University
Discussant: Jingjing Zhang, McGill University

3.03: Executives and Risk-Taking
Accounting - 1.8 CH
Moderator: Peter S. Oh, McGill University

Are CEOs Paid Extra for Riskier Pay Packages?
Ana Maria Albuquerque, Boston University
Qi Dong, The Pennsylvania State University Erie
Mary Ellen Carter, Boston College
Rui Albuquerque, Boston College
Discussant: Peter S. Oh, McGill University

Does Writing Down Goodwill Imperil a CEO’s Job?
Arnold Cowan, Iowa State University
Cynthia G. Jeffrey, Iowa State University
Qian Wang, Iowa State University
Discussant: Paige Harrington Patrick, University of Illinois at Chicago

Managerial Risk-Taking Incentives and Economic Growth
Oktay Urcan, University of Illinois at Urbana-Champaign
Ha Young Yoon, Southern Methodist University
Discussant: Marshall D. Vance, Virginia Polytechnic Institute and State University

3.04: Information Content of Accounting
Accounting - 1.8 CH
Moderator: Annika Wang, University of Houston

Common Ownership, Price Informativeness, and Corporate Investment
Ari Yezegel, Bentley University
Namho Kang, Bentley University
In Ji Jang, Bentley University
Discussant: R. Christopher Small, University of Toronto

Measuring the Information Content of Accounting Disclosures
Jacob K. Thomas, Yale University
Frank Zhang, Yale University
Wei Zhu, University of Illinois at Urbana-Champaign
Discussant: Annika Wang, University of Houston

The Pricing of Mismeasured EPS Under the If-Converted Method
Clay Partridge, University of Wisconsin–Madison
Discussant: Nerissa C. Brown, University of Illinois at Urbana-Champaign

3.05: Investors’ Response to Disclosure
Accounting - 1.8 CH
Moderator: Roshan Sinha, Indiana University

Digital Insiders and Informed Trading before Earnings Announcements
Jonathan Jona, Tulane University
Naomi S. Soderstrom, The University of Melbourne
Gladys Lee, The University of Melbourne
Henk Berkman, The University of Auckland
Discussant: Devin M. Shanthikumar, University of California, Irvine

Investor Reactions to Apologies for Financial Misconduct: The Effects of Self-Disclosure and Guilt
Fynn Gerken, University of Antwerp
Kris Hardies, University of Antwerp
An-Sofie Claeys, KU Leuven
Discussant: Donald R. Young, Indiana University

The Influence of Communication Channel Interactivity on Investors’ Response to Managements’ Linguistic Choices
Nikki MacKenzie, University of Massachusetts Amherst
Bradley Bennett, University of Massachusetts Amherst
Ying Wang, University of Massachusetts Amherst
Discussant: Roshan Sinha, Indiana University

3.06: Loan Markets
Accounting - 1.8 CH
Moderator: Yadav Krishna Gopalan, Indiana University Bloomington

Causes and Consequences of Cov-Lite Loans
Peter Demerjian, University of Illinois at Chicago
Eric Horne, University of Nevada, Reno
Kee-Hea Moon, University of Washington
Discussant: Maria Loumioti, The University of Texas at Dallas

Direct Lending: The Determinants, Characteristics and Performance of Direct Loans
Maria Loumioti, The University of Texas at Dallas
Discussant: Yadav Krishna Gopalan, Indiana University Bloomington

Estimating the Cost of Control Rights in the Corporate Loan Market
Andrew Bird, Carnegie Mellon University
Stephen Adam Karolyi, Carnegie Mellon University
Thomas Ruchti, Carnegie Mellon University
Discussant: Kirti Sinha, The University of Texas at Dallas

3.07: Value Relevance of Accounting Information
Accounting - 1.8 CH
Moderator: John Donovan, University of Notre Dame

CbCR Disclosure in the European Banking Sector. Does Foreign Cash Holding Really Matter?
Michele Fabrizi, University of Padova
Antonio Parbonetti, University of Padova
Sara Longo, Free University of Bolzano
Discussant: Nathan C. Goldman, North Carolina State University

Evolution in Value Relevance of Accounting Information
Mary E. Barth, Stanford University
Ken Li, McMaster University
Charles G. McClure, The University of Chicago
Discussant: Frank Zhou, University of Pennsylvania

The Role of Assurance in Equity Crowdfunding
Evisa Bogdani, University of Kentucky
Monika Causholli, University of Kentucky
W. Robert Knechel, University of Florida
Discussant: John Donovan, University of Notre Dame

   
 5:30 pm - 6:00 pm

Business Meeting

   
6:00 pm - 7:00 pm

Reception

   

Saturday, January 25, 2020- FARS Midyear Meeting

   
8:00 am - 9:30 am

Concurrent Sessions
4.01: Non-Earnings Information around Earnings Announcements
Accounting - 1.8 CH
Moderator: Alina Lerman, University of Connecticut

Non-Answers During Conference Calls
Ian Drummond Gow, The University of Melbourne
David F. Larcker, Stanford University
Anastasia Zakolyukina, The University of Chicago
Discussant: Alina Lerman, University of Connecticut

Reporting Misstatements as Revisions: An Evaluation of Managers’ Use of Materiality Discretion
Rachel Thompson, The University of Texas at El Paso
Discussant: Brandon Szerwo, University at Buffalo, SUNY

4.02: Governance and Transparency
Accounting - 1.8 CH
Moderator: Thomas Ruchti, Carnegie Mellon University

Does Governance Convergence Lead to Accounting Harmonization? Evidence from Worldwide Board Reforms
Inder K. Khurana, University of Missouri
Rong Zhong, University of Illinois at Chicago
Discussant: Thomas Ruchti, Carnegie Mellon University

Mutual Fund Strategic Disclosure
Shawn X. Huang, Arizona State University
Liwei Weng, Arizona State University
Discussant: Russell Jame, University of Kentucky

The Effectiveness of Stock Exchange Self-Regulation: Evidence from Corporate Transparency and Stock Market Liquidity
Mark Ma, University of Pittsburgh
Wenjia Yan, The University of Hong Kong
Discussant: Le Xu, University of New Hampshire

4.03: Firm Disclosures
Accounting - 1.8 CH
Moderator: Sarah Shaikh, University of Washington

Negative Peer Disclosure
Sean Cao, Georgia State University
Vivian Fang, University of Minnesota
Lijun Lei, The University of North Carolina at Greensboro
Discussant: Kenneth Merkley, Indiana University Bloomington

Redact to Protect? Customers’ Incentive to Protect Information and Suppliers’ Disclosure Strategies
Gary Chen, University of Illinois at Chicago
Xiaoli Tian, Georgetown University
Miaomiao Yu, Louisiana State University
Discussant: Sarah Shaikh, University of Washington

The Effect of Audience Size on Managers’ Private Disclosures
Michael Thomas Durney, FASB/The University of Iowa
Discussant: Spencer Anderson, University of Illinois

4.04: Learning and Information Discovery
Accounting - 1.8 CH
Moderator: Ke Wang, University of Alberta

Financial Reporting Frequency and Managerial Learning from Stock Price
Stephen A. Hillegeist, Arizona State University
Asad Kausar, American University
Arthur Kraft, City, University of London
You-il Chris Park, Nanyang Technological University
Discussant: Jenna D’Adduzio, The University of British Columbia

Setting Judicial Precedents: Circuit Court Rulings, Shareholder Litigation, and Financial Misreporting
Reeyarn Zhiyang Li, University of Mannheim
Allen Huang, The Hong Kong University of Science and Technology
Benedikt Franke, University of Mannheim
Discussant: Ke Wang, University of Alberta

Tick Size Tolls: Can a Trading Slowdown Improve Earnings News Discovery?
Charles M. C. Lee, Stanford University
Edward Michael Watts, Stanford University
Discussant: Brian Rountree, Rice University

4.05: Managerial Misbehavior and Classification Shifting
Accounting - 1.8 CH
Moderator: K. Philip Wang, University of Florida

Classification Shifting and Earnings Predictability
Kelly Ha, The University of Oklahoma
Wayne B. Thomas, The University of Oklahoma
Discussant: Gabriel Pundrich, Bocconi University

Contagion of Financial Misconduct: Unethical Institutional Ownership and Aggressive Financial Reporting
Babak Mammadov, Clemson University
Blerina Bela Zykaj, Clemson University
Avishek Bhandari, University of Wisconsin–Whitewater
Discussant: K. Philip Wang, University of Florida

Corporate Social Responsibility and Classification Shifting
Juhee Hwang, Sungkyunkwan University
Sunhwa Choi, Sungkyunkwan University
Yong Gyu Lee, Seoul National University
Discussant: Dane M. Christensen, University of Oregon

4.06: Methodological Developments and Fair Value
Accounting - 1.8 CH
Moderator: Zeyun (Jeff) Chen, Texas Christian University

Does the Threat of Recognizing Impairment Losses Enhance Firm Innovation? Evidence from Regression Kink Design
Seong Jin Ahn, Peking University
Yupeng Lin, National University of Singapore
Hojun Seo, National University of Singapore
Discussant: Zeyun (Jeff) Chen, Texas Christian University

Fair Value Opinion Shopping or Unbiased Reporting?
Minjae Koo, University of Houston
Yuping Zhao, University of Houston
Discussant: Daniel Wangerin, University of Wisconsin–Madison

Is There a Confidence Interval for That? A Critical Examination of Null Outcome Reporting in Accounting Research
William M. Cready, The University of Texas at Dallas
Jiapeng He, The University of Texas at Dallas
Wenwei Lin, Xiamen University
Chengdao Shao, Xiamen University
Di Wang, Xiamen University
Yang Zhang, The University of Texas at Dallas
Discussant: May Xiaoyan Bao, University of New Hampshire

4.07: Governing the Audit
Accounting - 1.8 CH
Moderator: Roy Schmardebeck, The University of Tennessee

Does the PCAOB International Inspection Access Improve Voluntary Disclosure? Evidence from Management Forecast Accuracy
Lijun Lei, The University of North Carolina at Greensboro
Sydney Shu, Miami University
Wayne B. Thomas, The University of Oklahoma
Discussant: Steve Utke, University of Connecticut

Fool Me Once, Shame on You; Fool Me Twice, Shame on Me: The Impact of Audit Partners’ First-Hand Experience with Arthur Andersen’s Demise on Their Style
Feng Guo, Iowa State University
Jeffrey Pittman, Memorial University of Newfoundland
Timothy Andrew Seidel, Brigham Young University
Ying Zhou, University of Connecticut
Mi Zhou, Virginia Commonwealth University
Ling Lei Lisic, Virginia Polytechnic Institute and State University
Discussant: Karen Ton, Emory University

Overseeing the External Audit Function: Evidence from Audit Committees’ Reported Activities
Brian Bratten, University of Kentucky
Monika Causholli, University of Kentucky
Valbona Sulcaj, University of Kentucky
Discussant: Roy Schmardebeck, The University of Tennessee

   
9:30 am - 9:45 am Break
   
9:45 am - 10:45 am

Research Roundtables
Accounting - 1.2 CH

Table 1: Audit, Accounting Practice, and Financial Reporting
Is Accounting a Miserable Job?
Paul E. Madsen, University of Florida
Zhenhao Piao, University of Florida

Annual Auditor Contract Renewal Negotiations and Financial Reporting Quality
Blake Davis Bowler, University of Florida
Robert Ronald Carnes, University of Florida
Hyun Park, Temple University

Table 2: Corporate Governance and Regulation
Likelihood and Performance of Reverse Leverage Buyout Pre- and Post-SOX
Ben Le, The University of Tennessee at Martin

Loss or Lost? Channels and Economic Consequences of Internal Capital Markets
Marcel Olbert, University of Mannheim

Table 3: Credit Risk and Crash Risk
Do Independent Research Firms Accurately Assess Credit Risk? Evidence from Morningstar’s Rating Model
Xucheng Shi, HEC Paris

Managerial Risk Tolerance and Corporate Credit Ratings
Zhiyan Cao, University of Washington, Tacoma
Eliza Zhang, University of Washington, Tacoma
Ray Zhang, Simon Fraser University

The Bright Side of Unionization: The Case of Stock Price Crash Risk
Jeong-Bon Kim, City, University of Hong Kong
Eliza Zhang, University of Washington, Tacoma
Kai Zhong, University of International Business and Economics

Table 4: Executive Compensation and Corporate Governance
The Effect of Supplier Industry Competition on Pay-for-Performance Incentive Intensity
Mary Ellen Carter, Boston College
Jae Eun Choi, Emory University
Karen L. Sedatole, Emory University

The Impact of CEO Overconfidence on Accounting and Stock Performances: A Firm’s Life Cycle Perspective
Tuba Toksoz, Koç University
Sebahattin Demirkan, Manhattan College
Birendra Kumar Mishra, University of California, Riverside

Table 5: Debt Markets and Credit Ratings
Credit Availability and Voluntary Disclosures: Evidence from Interstate Bank Branching Deregulation
Nargess Golshan, University of Missouri

Do Creditors Have a Say in Corporate Social Responsibility? Evidence from Covenant Violations
Luo He, Concordia University
Jingjing Zhang, McGill University
Ligang Zhong, University of Windsor

Table 6: Financial Analysts I
Analyst Extraversion: Characteristics and Career Outcomes
Patrick Kielty, The Ohio State University
Marcus Paul Kirk, University of Florida
Diana Lynn Weng, University of Florida

Valuation Uncertainty and Analysts’ Use of DCF Models
Hongping Tan, McGill University
Changqiu Yu, York University

Table 7: Financial Analysts II
Are Analysts Skilled at Determining if Returns Have Underlying EPS Information?
Austin Starkweather, Vanderbilt University

Non-Deal Roadshows, Informed Trading, and Analyst Bias
Daniel Bradley, University of South Florida
Russell Jame, University of Kentucky
Jared Williams, University South Florida

Table 8: Financial Accounting Issues
Does Mandatory Recognition of Off-Balance Sheet Items Affect Capital Structure Choice?
Michael Axenrod, Norwegian School of Economics
Michael Kisser, BI Norwegian Business School

Uncertain Tax Benefits and Earnings Persistence
Lisa C. Williams, University of Northern Iowa

Table 9: Financial Institutions and Fair Value Accounting I
Accounting Aggregation and Information Loss
Wei Ting Loh, University of Washington
Asher Curtis, University of Washington
Robert Raney, IESE Business School

A Re-Examination of Income Smoothing in Banks
Philip Barrett Wheeler, Tulane University
Gans Narayanamoorthy, Tulane University

Table 10: Financial Institutions and Fair Value Accounting II
Asymmetric Loan Loss Provisioning
Sudipta Basu, Temple University
Justin Vitanza, Temple University
Wei Wang, Temple University

The Effect of Bank Audit Committee Financial Experts on Loan Loss Provision Timeliness
Diana Choi, Purdue University

Table 11: Management and Analyst Forecasts
Are Small Negative Earnings Surprises Created Equal?
Ilona Bastiaansen, University of Connecticut
Alina Lerman, University of Connecticut

Management Forecasts, Analyst Revisions, and Investor Reactions: The Effect of CEO Gender
Alison Cook, Utah State University
Adam Michael Esplin, The University of Texas at El Paso
Christy Glass, Utah State University
Joshua Scott Judd, University of Illinois at Chicago
Kari Joseph Olsen, Utah Valley University

Sending Mixed Signals? Differential Interpretation Associated with Multiple Earnings Forecasts and Realizations
Seanna Asper, University of Alabama
Christopher McCoy, The College of William & Mary
Gary K. Taylor, The University of Alabama
Trevor Sorensen, West Virginia University

Table 12: Mergers and Acquisitions
Have M&A Delistings Negatively Impacted U.S. Capital Markets? Evidence from the Effect on Industry Peer Firms
Jangwon Suh, New York Institute of Technology
Donal Byard, Baruch College–CUNY
Masako Darrough, Baruch College–CUNY
Anna Brown, Clarkson University

SEC Comment Letters on Form S-4 and M&A Accounting Quality
Bret Johnson, George Mason University
Ling Lei Lisic, Virginia Polytechnic Institute and State University
Joon Seok Moon, George Washington University
Mengmeng Wang, University at Buffalo, SUNY

Table 13: Technology and Financial Accounting I
Predicting Profitability Using Machine Learning
Vic V. Anand, University of Illinois at Urbana-Champaign
Theodore Sougiannis, University of Illinois at Urbana-Champaign
Robert Brunner, University of Illinois at Urbana-Champaign
Kelechi Ikegwu, University of Illinois at Urbana-Champaign

The Role of Transparency and Disclosure in the Crypto Token Market: Evidence from Investor Reactions to Regulatory News
Jeroen Koenraadt, Erasmus University Rotterdam
Edith Leung, Erasmus University Rotterdam

Table 14: Technology and Financial Accounting II
Collaborative Speculation and Overvaluation: Evidence from Social Media
Adam Booker, University of Arkansas
Asher Curtis, University of Washington

Noise Trading: An Ad-Based Measure
Joshua Mark Madsen, University of Minnesota
Vivian Fang, University of Minnesota
Xinyuan Shao, University of Minnesota

Table 15: Disclosure Issues I
Management Disclosure Committees: Implications for Financial Reporting Quality, Readability and Timeliness
Cristina Bailey, Boise State University
Jonathan Nash, University of New Hampshire
Le Xu, University of New Hampshire

Risk Disclosure and Event Impact Mitigation: Evidence from Security Breaches
Nicholas Jasa, University of Colorado Boulder

Table 16: Disclosure Issues II
Disclosure Obfuscation: New Evidence from Index Funds
Christina Zhu, Wharton School University of Pennsylvania
Ed deHaan, University of Washington
Yang Song, University of Washington
Chloe Xie, Stanford University

The Real Effects of Clinical Trial Disclosures
Thomas Bourveau, Columbia University
Vedran Capkun, HEC Paris
Yin Wang, Singapore Management University

   
11:00 am - 12:30 am

Concurrent Sessions

5.01: Journal of Financial Reporting Editors’ Session
Accounting - 1.8 CH

Panelists: Robert J. Bloomfield, Cornell University
Alan D. Jagolinzer, University of Cambridge
Sarah E. McVay, University of Washington

5.02: Non-GAAP Earnings and Forecasts and Investor Sentiment Sobro
Accounting - 1.8 CH
Moderator: Marcel Olbert, University of Mannheim

A Tale of Two Forecasts: An Analysis of Mandatory and Voluntary Effective Tax Rate Forecasts
Novia (Xi) Chen, University of Houston
Sabrina Chi, Texas Tech University
Terry J. Shevlin, University of California, Irvine
Discussant: Marcel Olbert, University of Mannheim

Investor Sentiment and Information Demand
Jayson Talakai, Utah State University
Devon Erickson, Utah State University
Kevin Kim, The University of Memphis
Discussant: Alon Kalay, Columbia University

When Non-GAAP Earnings are Not Opportunistic: Evidence from Non-GAAP Earnings that Follow Management Forecasts
Mohamad Mazboudi, American University of Beirut
Suteera Pongtepupathum, University of Southern California
Mark T. Soliman, University of Southern California
Discussant: Tara L. Vakil, University of Connecticut

5.03: Properties of Accruals and Earnings
Accounting - 1.8 CH
Moderator: Samuel J. Melessa, The University of Iowa

Debiasing the Measurement of Conditional Conservatism
Miguel Duro, IESE Business School
Stephen G. Ryan, New York University
Fernando Penalva, IESE Business School
Marc Badia, IESE Business School
Discussant: Samuel J. Melessa, The University of Iowa

Patterns in Accruals Quality Over Time: Is the Sky Really Falling?
Jenna D’Adduzio, The University of British Columbia
Theodore E. Christensen, The University of Georgia
Karen K. Nelson, Texas Christian University
Discussant: Kristian Dietrich Allee, University of Arkansas

The Usefulness of Accrual Accounting in Forming Analysts’ Forecasts of Accruals and Cash Flows from Operations
Srinivasan Sankaraguruswamy, National University of Singapore
Hojun Seo, National University of Singapore
Shiva K. Sivaramakrishnan, Rice University
Jinping Zhang, National University of Singapore
Discussant: Jessica C. Watkins, University of Notre Dame

5.04: Regulatory Enforcement
Accounting - 1.8 CH
Moderator: Nargess Golshan, University of Missouri

Principles-Based Accounting Standards and Regulatory Enforcement
Mark Paul Kim, University of California, Los Angeles
Discussant: Daniel Wangerin, University of Wisconsin–Madison

Regulators’ Disclosure Decisions: Evidence from Bank Enforcement Actions
Rimmy Elizabeth Tomy, The University of Chicago
Anna V. Kleymenova, The University of Chicago
Discussant: Nargess Golshan, University of Missouri

The Impact of Redacting Information from SEC Fillings on the SEC Oversight Process
Monica Neamtiu, Baruch College–CUNY
Kalin S. Kolev, Baruch College–CUNY
Daeun Lee, Baruch College–CUNY
Discussant: Aneesh Raghunandan, The London School of Economics and Political Science

5.05: FASB Update
Accounting - 1.8 CH
Moderator: Valbona Sulcaj, University of Kentucky

Presenters: Christine Ann Botosan, FASB
Michael Durney, FASB

5.06: Valuation and Fundamental Analysis
Accounting - 1.8 CH
Moderator: Samuel B. Bonsall, The Pennsylvania State University

Corporate Job Posting Distinguishes Between Highly-Valued and Overvalued Stocks
Baruch Lev, New York University
Xi Wu, New York University
Discussant: Vishal Baloria, Boston College

Macroeconomic Uncertainty and Firm Profitability
Oliver Binz, Duke University
Discussant: Samuel B. Bonsall, The Pennsylvania State University

Who is My Street Peer? The Relevance of Using Adjusted Accounting Metrics for Peer Selection in Multiple Valuation
Annelies H. K. Renders, Maastricht University
Mathijs Van Peteghem, Maastricht University
Olga Ihl-Deviv’e, Maastricht University
Discussant: Han-Up Park, University of Saskatchewan

5.07: Corruption, Politics, and Terrorism
Accounting - 1.8 CH
Moderator: Albert Kwame Mensah, City University of Hong Kong

Foreign Anti-Corruption Laws and U.S. Multinationals
Amanda Sanseverino, Baruch College–CUNY
Discussant: Albert Kwame Mensah, City University of Hong Kong

Political Activism and Market Power
Elia Ferracuti, Duke University
Roni Michaely, University of Geneva
Laura Wellman, The Pennsylvania State University
Discussant: Chase Michael Potter, Washington University

SEC Disclosure Regulation of State Sponsors of Terrorism
Robert Hills, The Pennsylvania State University
Matthew Ryan Kubic, Duke University
William J. Mayew, Duke University
Discussant: Caleb Rawson, University of Arkansas

   
12:45 pm - 2:15 pm

Lunch

Introduction
Nicole T. Jenkins, FARS Past President, University of Kentucky

Ph.D. Mentoring Award Presentation
Award Recipient: Douglas J. Skinner, The University of Chicago

Speakers: Mei Feng, University of Pittsburgh
Gregory S. Miller, University of Michigan
Frank Zhou, University of Pennsylvania

   
2:30 pm - 4:00 pm

Concurrent Sessions

6.01: Taxes and Financial Reporting
Accounting - 1.8 CH
Moderator: Steve Utke, University of Connecticut

Do Financing Constraints Lead to Incremental Tax Planning? Evidence from the Pension Protection Act of 2006
John L. Campbell, The University of Georgia
Nathan Chad Goldman, North Carolina State University
Bin Li, The University of Oklahoma
Discussant: Miles A. Romney, Florida State University

Do Investors and Analysts Understand the Financial Reporting Implications of a Tax Rate Change? Evidence from TCJA of 2017
Novia (Xi) Chen, University of Houston
Allison Koester, Georgetown University
Discussant: Eric James Allen, University of Southern California

Real Effects of Private Country-by-Country Disclosure
Marcel Olbert, University of Mannheim
Lisa De Simone, Stanford University
Discussant: Steve Utke, University of Connecticut

6.02: Modeling and Determinants of Earnings Management
Accounting - 1.8 CH
Moderator: Meng Li, The University of Texas at Dallas

Accounting for Uncertainty: An Application of Bayesian Methods to Accruals Models
Matthias Breuer, Columbia University
Harm Schütt, Tilburg University
Discussant: Thomas Ruchti, Carnegie Mellon University

Information Versus Investment
Stephen J. Terry, Boston University
Toni M. Whited, University of Michigan
Anastasia Zakolyukina, The University of Chicago
Discussant: Chen Li, Baruch College–CUNY

Pressure from the Crowd: Crowdsourced Earnings Forecasts and Earnings Management
Jacob Ott, University of Minnesota
K. R. Subramanyam, University of Southern California
Ivy Zhang, University of California, Riverside
Discussant: Meng Li, The University of Texas at Dallas

6.03: Various Financial Reporting Issues
Accounting - 1.8 CH
Moderator: Xin Zheng, The University of British Columbia

Board Risk Oversight and Corporate Tax-Planning Practices
Mark S. Beasley, North Carolina State University
Nathan Chad Goldman, North Carolina State University
Christina Lewellen, North Carolina State University
Michelle McAllister, Northeastern University
Discussant: Anh V. Persson, University of Illinois

The Effect of Deferred Prosecution Agreements on Firm Performance
R. Christopher Small, University of Toronto
Gus De Franco, Tulane University
Aida Sijamic Wahid, University of Toronto
Discussant: Xin Zheng, The University of British Columbia

CECL: Trade-offs of Timely Loan Loss Provisioning
Lucas Mahieux, Tilburg University
Haresh Sapra, The University of Chicago
Gaoqing Zhang, University of Minnesota–Minneapolis
Discussant: Felipe Bastos Gurgel Silva, University of Missouri

6.04: Mandatory Disclosure
Accounting - 1.8 CH
Moderator: Luminita Enache, University of Calgary

CSR Disclosure and Benchmarking-Learning: Emissions Responses to Mandatory Greenhouse Gas Reporting
Sorabh N. Tomar, Southern Methodist University
Discussant: Rachna Prakash, The University of Mississippi

Information Transparency in Drug Development: Evidence from Mandatory Disclosure of Clinical Trials
Po-Hsuan Hsu, National Tsing Hua University
Kyungran Lee, The University of Hong Kong
S. Katie Moon, University of Colorado
Seungjoon Oh, Peking University
Discussant: Luminita Enache, University of Calgary

Intended Benefits and Unintended Consequences of Improved Performance Disclosure
John C. Heater, Duke University
Discussant: Leila Peyravan, Rice University

6.05: Investor Pressure and Disclosures
Accounting - 1.8 CH
Moderator: Le Xu, University of New Hampshire

Anonymous Equity Research
Travis Dyer, Cornell University
Eunjee Kim, Cornell University
Discussant: Mark Piorkowski, Boston College

Reporting Frequency and Market Pressure in Crowdfunding Markets
Ties de Kok, University of Washington
Discussant: David E. Caban, Fairleigh Dickinson University

The Impact of Creditor Shareholder Conflict on Stock Price Crash Risk
Joonil Lee, Kyung Hee University
Peter S. H. Oh, McGill University
Satish Sahoo, University of California
Discussant: Eliza Zhang, University of Washington, Tacoma

6.06: Governance
Accounting - 1.8 CH
Moderator: Matthew Bloomfield, University of Pennsylvania

Investor-Driven Governance Standards and Firm Value
Yonca Ertimur, University of Colorado Boulder
Paige Harrington Patrick, University of Illinois at Chicago
Discussant: Akash Chattopadhyay, University of Toronto

rTSR: When Do Relative Performance Metrics Capture Relative Performance?
Paul Ma, University of Minnesota
Jee-Eun Shin, University of Toronto
Charles C. Y. Wang, Harvard University
Discussant: Matthew Bloomfield, University of Pennsylvania

The Dynamic Role of Earnings and Returns in Executive Contracting
Melissa Martin, University of Illinois at Chicago
Katharine Drake, The University of Arizona
Discussant: Adrienne C. Rhodes, Texas A&M University

6.07: Market Consequences of Earnings Management
Accounting - 1.8 CH
Moderator: David B. Farber, Indiana University

Acquiring to Sell: Acquisition Flippers and Earnings Management
Lyungmae Choi, The City University of Hong Kong
Shawn X. Huang, Arizona State University
Min Kim, Arizona State University
Discussant: Rita Gunn, Vanderbilt University

Firm Reputation Following Financial Misconduct: Evidence from Employee Ratings
Yuqing Zhou, University of California, Los Angeles
Christos Makridis, Massachusetts Institute of Technology
Discussant: Jivas Chakravarthy, The University of Texas at Arlington

How Are Non-Financial and Financial Misconduct Related?
Aneesh Raghunandan, The London School of Economics and Political Science
Discussant: David B. Farber, Indiana 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

Copyright © 1998 - 2020 by American Accounting Association. All rights reserved.