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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

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