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2021 Financial Accounting and Reporting Section Virtual Midyear Meeting

To access abstracts and search the scheduled papers click HERE

Thursday, January 21, 2021 - Doctoral Consortium

10:00 am–10:30 am EST

Introduction and Keynote
Teri L. Yohn, Emory University

10:30 am–10:50 am EST

Writing a Dissertation
Isabel Wang, Michigan State University
Brandon Gipper, Stanford University

10:50 am–11:10 am EST

Research Productivity
Mohan Venkatachalam, Duke University
Weili Ge, Washington University in St. Louis

11:10 am–11:30 am EST

Breakout Session for Writing a Dissertation / Research Productivity

11:30 am–11:45 am EST

Break

11:45 am–12:05 pm EST

Teaching/Service
Lucile C. Faurel, Arizona State University
Mark Kohlbeck, Florida Atlantic University

12:05 pm–12:25 pm EST

Surviving and Thriving in a PhD Program
Melissa F. Lewis-Western, Brigham Young University
Kurt H. Gee, Pennsylvania State University

12:25 pm–12:45 pm EST

Breakout Session for Teaching/Service and Surviving/Thriving

12:45 pm–1:30 pm EST

Lunch

1:30 pm–2:30 pm EST

Presentation Skills and Job Market
Daniel J. Wangerin, Univeristy of Wisconsin-Madison
Adam J. Greiner, University of Denver
Andrew Van Buskirk, The Ohio State University
Kristen Valentine, The University of Georgia
Herita T. Akamah, University of Nebraska

2:30 pm–2:45 pm EST

Wrap Up/Conclusion

Thursday, January 21, 2021- FARS and Journal of Financial Reporting: Research Methods Mini-Conference

3:00 pm - 5:30 pm EST

FARS and Journal of Financial Reporting: Research Methods Mini-Conference
Accounting - 3.0 CH
Moderator: Ed deHaan, University of Washington

Measurement Error and Bias in Causal Models in Accounting Research
Daniel J. Taylor, University of Pennsylvania
Jared Jennings, Washington University
Jung Min Kim, University of Pennsylvania
Joshua A. Lee, Brigham Young University

Staggeringly Problematic: Problems That Arise with Staggered DiD and Their Potential Solutions
John M. Barrios, Washington University in St. Louis

A Practical Guide to Moderated Mediation using PROCESS
Jane Jollineau, Chapman University

Bartik Instruments: An Applied Introduction
Matthias Breuer, Columbia University

Predictive Models for Discrete Outcomes in Accounting Research
Miguel A. Minutti-Mezza, University of Miami
Jake Krupa, Tulane University

Friday, January 22, 2021

12:00 pm–12:15 pm EST

Welcome and Awards
Speaker: Mary Ellen Carter, Boston College

12:15 pm - 1:15 pm EST

Plenary Session: Are Accounting Based Valuation Models Still Fit for Purpose?
Accounting - 1.2 CH
Moderator:
 
Oktay Urcan, University of Illinois at Urbana-Champaign
Speakers: Jack Ciesielski (R.G. Associates), Scott Richardson (AQR and LBS), and Richard Sloan (USC)

1:15 pm - 1:30 pm EST

Break

1:30 pm - 2:45 pm EST

Concurrent Sessions 1.01: Analytical Modeling and Financial Reporting
Accounting - 1.5 CH
Moderator: Edwige Cheynel, Washington University

Asset Transfer Measurement Rules
Lucas Mahieux, Tilburg University
Haresh Sapra, The University of Chicago
Gaoqing Zhang, University of Minnesota
Discussant: Mingcherng Deng, Baruch College–CUNY

CEO Overconfidence, Moral Hazard and Investment
Joyce Tian, University of Waterloo
Ramji Balakrishnan, The University of Iowa
Shiva K. Sivaramakrishnan, Rice University
George Drymiotes, Texas Christian University
Discussant: Ying Liang, Georgia State University

Selfish Regulators, Transparency, and Misreporting
Aneesh Raghunandan, The London School of Economics and Political Science
Discussant: Kevin Smith, Stanford University

1.02: Auditing I
Accounting - 1.5 CH
Moderator: Wenyin Li, University of Kentucky

Key Audit Matters and the Pricing of Audit Services: Evidence from Hong Kong
Zeyun (Jeff) Chen, Texas Christian University
Karen K. Nelson, Texas Christian University
Yanyan Wang, Xiamen University
Lisheng Yu, Xiamen University
Discussant: Miguel A Minutti-Meza, University of Miami

Litigation Risk, Financial Reporting Quality, and Critical Audit Matters in the Audit Report
Valbona Sulcaj, University of Kentucky
Discussant: Miguel A. Minutti-Meza, University of Miami

Do Audit Firms Care about Media Coverage? An Investigation of Audit Firm Response to News Coverage
Elizabeth Cowle, University of Arkansas
Caleb Rawson, University of Arkansas
Stephen P. Rowe, University of Arkansas
Discussant: Mikhail Pevzner, University of Baltimore

1.03: Behavioral Economics
Accounting - 1.5 CH
Moderator: Kristina Rennekamp, Cornell University

Accountant Stereotypes in Corporate Innovation: Are Accountant CEOs Inferior Innovators?
Jian Cao, Florida Atlantic University
Feng Chen, University of Toronto
Mingxiang Li, Florida Atlantic University
Xin Luo, Marquette University
Discussant: Danqi Hu, Northwestern University

Are Managers Susceptible to the Ostrich Effect?
Darren Bernard, University of Washington Nicole Cade, University of Pittsburgh
Liz Connors, Headset
Discussant: Sean Wang, The University of North Carolina at Chapel Hill

Persistence of Activist Short-Sellers’ Performance
Danqi Hu, Northwestern University
Beverly R. Walther, Northwestern University
Discussant: Nayana Reiter, University of Toronto

1.04: Debt Contracting and Credit Ratings I
Accounting - 1.5 CH
Moderator: Roberto Vincenzi, Bocconi University

The Role of Social Media in the Corporate Bond Market: Evidence from Twitter
Eli Bartov, New York University
Lucile C. Faurel, Arizona State University
Partha Mohanram, University of Toronto
Discussant: Alexander A. Aleszczyk, New York University

Strategic Syndication: Is Bad News Shared in Loan Syndicates?
Andrea Down, University of Toronto
Christopher Williams, University of Michigan
Regina Wittenberg-Moerman, University of Southern California
Discussant: Carlo Maria Gallimberti, Boston College

Bank Competition and Stock Market Liquidity
Carlo Maria Gallimberti, Boston College
Richard Lambert, University of Pennsylvania
Liang Jie Xiao, University of Rochester
Discussant: Karthik Balakrishnan, Rice University

1.05: Earnings Management I
Accounting - 1.5 CH
Moderator: David Godsell, University of Illinois at Urbana-Champaign

Torpedo Your Competition: Strategic Reporting and Peer Firm IPO
Xiaoyun Yu, Indiana University
Matthew Billett, Indiana University
Mark Ma, University of Pittsburgh
Discussant: Brad Badertscher, University of Notre Dame

CEO Life History Strategies and Earnings Management
Melanie Lucia Feldhues, Copenhagen Business School
Morten Holm, Copenhagen Business School
Discussant: Justin Leiby, University of Illinois at Urbana-Champaign

Blockchain and Earnings Management: Evidence from Supply Chain
Donald Autore, Florida State University
Huimin Chen, University of Massachusetts Lowell
Nicholas Clarke, Middle Tennessee State University
Karen Jingrong Lin, University of Massachusetts Lowell
Discussant: Jeff L. McMullin, Indiana University

1.06: Financial Analysts I
Accounting - 1.5 CH
Moderator: Thomas Ruchti, Carnegie Mellon University

Discourse Uncertainty and Belief Polarization in Financial Markets: Evidence from Equity Analysts
Kai Du, The Pennsylvania State University
Phong Truong, The Pennsylvania State University
Discussant: Eric H. Weisbrod, The University of Kansas

Institutional Investor Preferences, Analyst Information Production, and the Informativeness of Prices
Eric Holzman, The Ohio State University
Teri L. Yohn, Emory University
Discussant: Thomas Ruchti, Carnegie Mellon University

Out of Balance: Do Analysts Issue Sell Recommendations to Manage their Recommendation Distributions?
Kenneth Merkley, Indiana University Bloomington
Chao Kang, Cornell University
Roni Michaely, University of Geneva
Joseph Pacelli, Indiana University
Discussant: Jay Heon Jung, City, University of London

1.07: Different Information Sources
Accounting - 1.5 CH
Moderator: Jeremiah Green, Texas A&M University

Investor Consultation of Field-Experts
Robin Litjens, Tilburg University
Discussant: Christina Zhu, University of Pennsylvania

The Credibility of Crowdsourced Stock Analysis Reports
Lei Chen, Southwestern University of Finance and Economics
Shuping Chen, The University of Texas at Austin
Wuyang Zhao, The University of Texas at Austin
Discussant: Stephan Hollander, Tilburg University

Investors’ Information Avoidance Behavior in Securities-Based Crowdfunding
Nicole Cade, University of Pittsburgh
Shannon Garavaglia, University of Pittsburgh
Vicky B. Hoffman, University of Pittsburgh
Discussant: Michael Minnis, The University of Chicago

1.08: Standard Setting and Regulation
Accounting - 1.5 CH
Moderator: Maria Correia, London School of Economics and Political Science

Constructive Obligations and Past Practice
Shannon Garavaglia, The University of Texas at Austin
Cassie Ann Mongold, The University of Texas
Brian Joseph White, The University of Texas at Austin
Discussant: Kurt H. Gee, Pennsylvania State University

The Justifiability of Financial Reporting Preferences in Accounting for Intangibles in Business Combinations
Lisa Koonce, The University of Texas at Austin
Sara Toynbee, The University of Texas at Austin
Brian Joseph White, The University of Texas at Austin
Discussant: Ningzhong Li, The University of Texas at Dallas

Simplifying Complex Disclosures: Evidence from Disclosure Regulation in the Mortgage Markets
Patrick Kielty, The Ohio State University
Philip Wang, University of Florida
Diana Lynn Weng, University of Florida
Discussant: Katarzyna K. Rupar, Georgia Institute of Technology

1.09: XBRL in the Classroom: How to Teach XBRL
Specialized Knowledge - 1.5 CH
Presenter: Christine Tan, Hunter College–CUNY

2:45 pm - 3:00 pm EST

Break

3:00 pm - 4:15 pm EST

Concurrent Sessions

2.01: Equity Markets (Anomalies)
Accounting - 1.5 CH
Moderator: James D. Warren, The University of Georgia

Auditors and Mispricing
Matthew Stephen Ege, Texas A&M University
Jeremiah Green, Texas A&M University
Lisa Tiplady, Texas A&M University
Discussant: Matthew Lyle, Northwestern University

Crowdfunding During Economic Uncertainty: Evidence from the COVID-19 Pandemic
Nerissa C. Brown, University of Illinois at Urbana-Champaign
Jong Won Han, University of Illinois at Urbana-Champaign
David Godsell, University of Illinois at Urbana-Champaign
Discussant: Teri L. Yohn, Emory University

Ownership Structure and Short Covering
Sanjeev Bhojraj, Cornell University
Wuyang Zhao, The University of Texas at Austin
Discussant: Eric So, Massachusetts Institute of Technology

2.02: Securities Regulation and Firm Behavior
Accounting - 1.5 CH
Moderator: Justin J. Hopkins, University of Virgina

The Need to Validate Exogenous Shocks: Shareholder Derivative Litigation, Universal Demand Laws and Financial Reporting Decisions
Laura Kettell, The University of Texas at Austin
Sara Toynbee, The University of Texas at Austin
Dain Donelson, The University of Iowa
John M. McInnis, The University of Texas at Austin
Discussant: John S. Treu, West Virginia University

Implicit Communication and Enforcement of Corporate Disclosure Regulation
Ashiq Ali, The University of Texas at Dallas
Michael Thomas Durney, The University of Iowa
Jill Fisch, University of Pennsylvania
Hoyoun Kyung, University of Missouri
Discussant: Dain C. Donelson, The University of Iowa

Out of Site Out of Mind? The Role of the Corporate Monitor
Lindsey Gallo, University of Michigan
Kendall Lynch, University of Michigan
Rimmy Elizabeth Tomy, The University of Chicago
Discussant: Brandon Garrett, Duke University

2.03: Taxes and Financial Reporting
Accounting - 1.5 CH
Moderator: Bradford F. Hepfer, Texas A&M University

Private Equity and Taxes
Marcel Olbert, London Business School
Peter Severin, University of Mannheim
Discussant: Petro Lisowsky, Boston University

Does Tax Risk Attenuate the Positive Association between Internal and External Information Quality?
Benjamin Osswald, University of Illinois at Urbana-Champaign
Discussant: Ryan J. Wilson, University of Oregon

Aggregate Deferred Tax Asset Valuation Allowance and GDP Growth
Shiran V. Froymovich, Duke University
Discussant: John Robinson, Texas
A&M University

2.04: Executive Compensation I Accounting - 1.5 CH
Moderator: Xiaoxia Peng, The University of Utah

Big Shoes to Fill: CEO Turnover and Pre-Appointment Firm Performance
Miguel A. Minutti-Meza, University of Miami
Dhananjay Nanda, University of Miami
Rosy Xu, University of Miami
Discussant: Ellen Engel, The University of Illinois Chicago

Customer RPE: Using Customer Performance to Filter Noise Out of CEO Incentive Contracts
Mary Ellen Carter, Boston College
Jen Choi, Emory University
Karen L. Sedatole, Emory University
Discussant: Xue Wang, The Ohio State University

Executive Pay Transparency and Relative Performance Evaluation: Evidence from the 2006 Pay Disclosure Reforms
Jung Ho Choi, Stanford University
Brandon Gipper, Stanford University
Shawn X. Shi, Stanford University
Discussant: Melissa Martin, University of Illinois, Chicago

2.05: Disclosure Strategy
Accounting - 1.5 CH
Moderator: Dirk E. Black, University of Nebraska–Lincoln

Protecting Forward Looking Statements
Daniela De la Parra, Rice University
Maclean Gaulin, The University of Utah
K. Ramesh, Rice University
Discussant: Thomas D. Steffen, Yale University

A New Take on Voice: The Influence of BlackRock’s “Dear CEO” Letters
Andrea Pawliczek, University of Missouri
Nikki Skinner, The University of Georgia
Laura Wellman, The Pennsylvania State University
Discussant: Phillip J. Quinn, University of Washington

The Impact of Geographic Industry Clusters on MD&A Disclosure: MD&A Similarity with Local Industry Peers
Yiding Wang, The University of Oklahoma
Discussant: James R. Moon, Georgia Institute of Technology

2.06: Fair Values and Information
Accounting - 1.5 CH
Moderator: Tom Hagenberg, Indiana University Bloomington

Coordinated Information Discovery: Does Pre-Announcement Media Coverage Improve Earnings Expectations?
Nina Xu, University of Connecticut
Discussant: Brady Twedt, University of Oregon

Delayed Updating of Fair Values: Lack of Information or Intentional Delays?
Robert Raney, IESE Business School
Asher Curtis, University of Washington
Discussant: Amy Sheneman, The Ohio State University


Does Fair Value Disclosure Provide Investors with “New” Information?
John L. Campbell, The University of Georgia
Owen Davidson, The University of Georgia
Catherine Shakespeare, University of Michigan
Discussant: Stephen G. Ryan, New York University

2.07: Beyond Equity Investors
Accounting - 1.5 CH
Moderator: Mark E. Evans, Wake Forest University

Fixed Income Conference Calls
Gus De Franco, Tulane University Thomas Shohfi, Rensselaer Polytechnic Institute
Da Xu, Tulane University
Zhiwei Zhu, Tulane University
Discussant: Mark E. Evans, Wake Forest University

Peer Non-GAAP Reporting and Firm Investments
Harry Nguyen, Maastricht University
Discussant: Marcel Olbert, London Business School

Financial Reporting and Employee Voluntary Turnover Risk
Nan Li, University of Toronto
Frank Zhou, University of Pennsylvania
Ed deHaan, University of Washington
Discussant: Jared Jennings, Washington University

2.08: Market Valuation
Accounting - 1.5 CH
Moderator: Estelle Sun, Boston University

Pessimistic Target Prices by Short Sellers
Alexandre Madelaine, HEC Paris
Luc Paugam, HEC Paris
Herve Stolowy, HEC Paris
Wuyang Zhao, The University of Texas at Austin
Discussant: James Ryans, London Business School

Do Digital Technology Firms Generate Excess Profits?
Shivaram Rajgopal, Columbia University
Anup Srivastava, University of Calgary
Rong Zhao, University of Calgary
Discussant: M.H. Franco Wong, University of Toronto

The Stock Market Valuation of Human Capital Creation
Matthias Regier, Technische Universität München
Ethan Rouen, Harvard University
Discussant: Rong Huang, Fudan University

2.09: XBRL in Academic Research: Hands-On Experience with XBRL Data
Specialized Knowledge - 1.5 CH
Presenter: Elizabeth Blankespoor, University of Washington

4:15 pm - 4:30 pm EST

Break

4:30 pm - 5:30 pm EST

Research Roundtable Session
Accounting - 1.2 CH

Roundtable 1: Auditing
Moderator: Bohan Song, Tulane University

Do Emotions Affect Audit Practice? Terrorist Attacks and Accounting Misstatements
Pengkai Lin, Tulane University

The Client (Non-)Reaction to PCAOB Inspection Reports: Lack of Information, Lack of Authority, or Lack of Competition?
Feng Guo, Iowa State University
Ying Zhou, University of Connecticut

Roundtable 2: Executive Risk-Taking and Systemic Risk
Moderator: Austin S. Starkweather, University of South Carolina

Institutional Ownership and the Propagation of Systemic Risk Among Banks
Emmanuel T. De George, University of Miami
Nayana Reiter, University of Toronto
Christina Synn, The University of North Carolina at Chapel Hill
Christopher Williams, University of Michigan

Time-Series Variation in the Efficacy of Executive Risk-Taking Incentives: Evidence from Macroeconomic Conditions
Brian Cadman, The University of Utah
John L. Campbell, The University of Georgia
Ryan Johnson, The University of Georgia

Roundtable 3: Stock Repurchase Activity and Analyst Expectation Errors
Moderator: Haochuan Hu, Oklahoma State University

Accruals and Expectation Errors: Evidence from Analysts
Owen Davidson, The University of Georgia
Robert Resutek, The University of Georgia

Passive Investment and Stock Repurchase Activity
Brian Bratten, University of Kentucky
Meng Huang, University of Kentucky
Jeff L. Payne, University of Kentucky

Roundtable 4: Investors’ Use of Financial Information
Moderator: Shiran V. Froymovich, Duke University

Stock Price Reactions to ESG News: The Role of ESG Ratings and Disagreement
Aaron Yoon, Northwestern University
George Serafeim, Harvard Business School

The Effects of Media Co-Coverage on Investors’ Perceived Relatedness between Two Firms: Evidence from Information Transfers
Jingjing Xia, City University of Hong Kong

Roundtable 5: Financial Analysts
Moderator: Mason C. Snow, Arizona State University

Analyst Transitions and Knowledge Spillover
Xijiang Su, University of Toronto
Ole-Kristian Hope, University of Toronto

More Numbers, Less Problems: Analysts’ Use of Tax-Related XBRL Data for ETR Forecasting
Carly Burd, Boston University

Roundtable 6: Voluntary Disclosure I
Moderator: Wei Zhu, University of Illinois

Enterprise Risk Management and Management Earnings Forecasts
Chan Li, The University of Kansas
Kristin M. Stack, The University of Kansas
Lili Sun, University of North Texas
Jianren Xu, University of North Texas

Why Do Firms Forecast Earnings for Multiple Years Simultaneously?
Sudipta Basu, Temple University
Caroline Lee, Temple University


Roundtable 7: OTC Markets and Takeover Markets
Moderator: Laura Kettell, The University of Texas at Austin

Earnings Growth and Acquisition Returns: Do Investors Gamble in the Takeover Market?
Tingting Liu, The Iowa State University
Danni Tu, The Iowa State University

Regulatory Enforcement in OTC Markets
Richard Arnold Cazier, University of North Texas
Fuzhao Zhou, The College at Brockport, SUNY
Jianning Huang, St. Francis Xavier University

Roundtable 8: Voluntary Disclosure II
Moderator: 
Kelly S. Ha, University of Oklahoma

Future Earnings Information in Business Text
Jeffrey Green, University of Illinois
Jeremiah Green, Texas A&M University
Antonis Kartapanis, Texas A&M University

Non-GAAP Disclosure and Classification Shifting
Kelly S. Ha, University of Oklahoma

5:30 pm - 6:30 pm EST

Break

6:30 pm - 7:30 pm EST

Receptions

7:30 pm - 8:00 pm EST

PhD Mentoring Award: Patricia Dechow, University of Southern California

Saturday, January 23, 2021

11:00 am - 12:00 pm EST

FARS Ladies’ Coffee Hour

12:00 pm - 12:30 pm EST

Lifetime Achievement Award: Jerold Zimmerman, University of Rochester

12:30 pm - 12:45 pm EST

Break

12:45 pm - 2:00 pm EST

Concurrent Sessions

3.01: Earnings Properties and Earnings Quality
Accounting - 1.5 CH
Moderator: Alina Lerman, University of Connecticut

Modeling Skewness Determinants in Accounting Research
Sudipta Basu, Temple University
Dmitri Byzalov, Temple University
Discussant: Paul Hribar, The University of Iowa

Capital Budget Execution, Accounting Quality and Investment Efficiency
Gilles Hilary, Georgetown University
Mark Ma, University of Pittsburgh
Wenjia Yan, The University of Hong Kong
Discussant: Karthik Balakrishnan, Rice University

Has Accounting Gone Bad?
Jacob K. Thomas, Yale University
Ruiting Dai, Yale University
Panos Patatoukas, University of California, Berkeley
Frank Zhang, Yale University
Discussant: Anup Srivastava, University of Calgary

3.02: Auditing II
Accounting - 1.5 CH
Moderator: Valbona Sulcaj, University of Kentucky

The Efficacy of PCAOB Operating Decisions: Evidence from Office Expansion
James Justin Blann, University of Arkansas
Tyler Kleppe, University of Kentucky
Jonathan Shipman, University of Arkansas
Discussant: Nina Xu, University of Connecticut

Has PCAOB Oversight Increased Firms’ Use of Real Earnings Management?
Phillip T. Lamoreaux, Arizona State University
Noah Myers, Arizona State University
Mason C. Snow, Arizona State University
Discussant: William L. Buslepp, Louisiana State University

Public Company Auditing Around the Securities Exchange Act
Thomas Bourveau, Columbia University
Matthias Breuer, Columbia University
Jeroen Karel Gerhard Koenraadt, Erasmus University Rotterdam
Robert Stoumbos, Columbia University
Discussant: Mason C. Snow, Arizona State University

3.03: Politics
Accounting - 1.5 CH
Moderator: Maria Correia, London School of Economics and Political Science

Political Risk, Corporate Monitoring, and Financial Reporting Quality
Deonette J. Lambert, The University of Oklahoma
Brant E. Christensen, The University of Oklahoma
Discussant: Cristoph Sextroth, Tilburg University

Proprietary Information Cost of Contracting with the Government
Jiapeng He, The University of Texas at Dallas
Ke Li, Santa Clara University
Ningzhong Li, The University of Texas at Dallas
Weining Zhang, Cheung Kong Graduate School of Business
Discussant: Thomas Rauter, The University of Chicago

The Effect of Private Political Information on Macroeconomic Forecast Accuracy
Claudia Imperatore, Bocconi University
Andrea Bafundi, Universidad Carlos III de Madrid
Discussant: Andrew Stephan, University of Colorado

3.04: Earnings Management II
Accounting - 1.5 CH
Moderator: David Godsell, University of Illinois at Urbana-Champaign

Loss Avoidance in Private Equity
Maria Nykyforovych, George Mason University
Gregory W. Brown, The University of North Carolina at Chapel Hill
Steven N. Kaplan, The University of Chicago
Discussant: Steve Utke, University of Connecticut

Earnings Management with Cash Flow Hedge Accounting
Michael Kirschenheiter, University of Illinois at Chicago
Raluca Chiorean, Lehigh University
Ram Ramakrishnan, University of Illinois Chicago
Discussant: John L. Campbell, The University of Georgia

Insurance Rate Regulation, Management of the Loss Reserve and Pricing
Ganapathi S. Narayanamoorthy, Tulane University
John Page, Tulane University
Bohan Song, Tulane University
Discussant: David Eckles, The University of Georgia

3.05: Earnings Calls
Accounting - 1.5 CH
Moderator: Mark E. Evans, Wake Forest University

PEAD.txt: Post-Earnings Announcement Drift Using Text
Vitaly Meursault, Federal Reserve Bank of Philadelphia Jinghong Liang, Carnegie Mellon University
Bryan Routledge, Carnegie Mellon University
Madeline Marco Scanlon, University of Pittsburgh
Discussant: Roman Chychyla, University of Miami

The Informativeness of Text, the Deep Learning Approach
Allen Huang, The Hong Kong University of Science and Technology
Hui Wang, The Hong Kong University of Science and Technology
Yi Yang, The Hong Kong University of Science and Technology
Discussant: Sean Cao, Georgia State University

Gender and Earnings Conference Calls
Nerissa C. Brown, University of at Illinois-Urbana-Champaign
Bill Francis, Rensselaer Polytechnic Institute
Thomas Shohfi, Rensselaer Polytechnic Institute
Daqi Xin, Rensselaer Polytechnic Institute
Discussant: Ya-wen Yang, Wake Forest University

3.06: Experimental Financial
Accounting - 1.5 CH
Moderator: Jeremiah Green, Texas A&M University

Online Information Search: Does Irrelevant Peripheral Content Affect Investors’ Processing of Financial Information?
Amanda Winn, The University of Kansas
Nicole Cade, University of Pittsburgh
Molly Mercer, DePaul University
Discussant: Michael T. Durney, The University of Iowa

Strategic Temporal Immediacy: How a Subtle Change to Managers’ Language and the Use of Video Jointly Impact Investors’ Willingness to Invest
Scott Jackson, University of Massachusetts Amherst
M. David Piercey, University of Massachusetts Amherst
Ying Wang, University of Massachusetts Amherst
Discussant: Kristina Rennekamp, Cornell University

Money Illusion and the Effect of Reporting Components of Accounting Estimates on Financial Statement Users’ Investment Decisions
Spencer Anderson, University of Illinois
Leslie D. Hodder, Indiana University Bloomington
Patrick Hopkins, Indiana University
Discussant: Amanda M. Winn, The University of Kansas

3.07: International Accounting and Globalization
Accounting - 1.5 CH
Moderator: Albert K. Mensah, HEC Paris

Director Independence and Corporate Investment Efficiency: Evidence from Board Reforms Worldwide
Hyun Jung Rim, The George Washington University
Edward Sul, The George Washington University
Discussant: Albert K. Mensah, HEC Paris

Disclosure Regulation, Investor Behavior, and Market Integration: Evidence from Form 20-F Reconciliation Elimination
Yongtae Kim, Santa Clara University
Jedson Pinto, The University of Texas at Dallas
Edward Sul, The George Washington University
Discussant: Chao Tang, The Hong Kong University of Science and Technology

Accounting Harmonization and Investment Beauty Contests
Xu Jiang, Duke University
Chao Tang, The Hong Kong University of Science and Technology
Gaoqing Zhang, University of Minnesota
Discussant: Wenjie Xue, National University of Singapore

3.08: FASB Update
Accounting - 1.5 CH
Presenters: Christine Ann Botosan, Financial Accounting Standards Board
Shannon Garavaglia, Financial Accounting Standards Board

2:00 pm - 2:15 pm EST

Break

2:15 pm - 3:30 pm EST

Concurrent Sessions

4.01: Economic Effects of Regulation
Accounting - 1.5 CH
Moderator: Justin J. Hopkins, University of Virginia

Uneven Regulation and Economic Reallocation: Evidence from Transparency Regulation
Matthias Breuer, Columbia University
Patricia Breuer, University of Mannheim
Discussant: Thomas Rauter, The University of Chicago

Analyzing Active Managers’ Commitment to ESG: Evidence from United Nations Principles for Responsible Investment
Aaron Yoon, Northwestern University
Discussant: Aneesh Raghunandan, The London School of Economics and Political Science

The Cultural Roots of Expropriation and Opacity: Evidence from Confucianism
Zhihui Gu, Nankai University
Wei Sun, University of International Business and Economics
Frank Zhou, University of Pennsylvania
Discussant: Luo Zuo, Cornell University

4.02: Auditing III
Accounting - 1.5 CH
Moderator: Evisa Bogdani, University of Kentucky

Financial Constraints, Auditing, and External Financing
Mary Becker, Canisius College
Rani Hoitash, Bentley University
Udi Hoitash, Northeastern University
Ahmet C. Kurt, Bentley University
Discussant: Tyler Kleppe, University of Kentucky

Auditor Information Spillovers and Company Operating Performance: Evidence from Targeted Auditor Switches
Tyler Kleppe, University of Kentucky
Discussant: Ahmet C. Kurt, Bentley University

Enterprise Risk Management and Financial Misconduct
Evan Eastman, Florida State University
Chan Li, The University of Kansas
Lili Sun, University of North Texas
Jianren Xu, University of North Texas
Discussant: Amy Sheneman, The Ohio State University

4.03: Financial Analysts II
Accounting - 1.5 CH
Moderator: Salman Arif, University of Minnesota

Sell-Side Analyst Reports and Hedge Fund Activism
Huimin Chen, University of Massachusetts Lowell
Thomas Shohfi, Rensselaer Polytechnic Institute
Discussant: Jin Kyung Choi, University of Maryland–College Park

Bearish Analysts and the Issuance of “Unbeatable” Earnings Forecasts
Andrew C. Call, Arizona State University
Nathan Y. Sharp, Texas A&M University
Mason C. Snow, Arizona State University
Discussant: Yue Zheng, The Hong Kong University of Science and Technology

Does the All-Star Award Affect Analysts’ Performance? Evidence from a Regression Discontinuity Design
Congcong Li, Duquesne University
Shaokun Li, Peking University
Hai Lu, University of Toronto
Discussant: Joseph Pacelli, Indiana University

4.04: Executive Compensation II
Accounting - 1.5 CH
Moderator: Xiaoxia Peng, The University of Utah

Descriptive and Informational Properties of Accounting Numbers in Compensation Contracts
Ha Young Yoon, Southern Methodist University
Oktay Urcan, University of Illinois at Urbana-Champaign
Hansol Jang, University of Illinois at Urbana-Champaign
Discussant: Dirk E. Black, University of Nebraska–Lincoln

Did Tax Reform Influence the Prevalence of Nonfinancial Compensation Incentives?
Zackery Fox, University of Oregon
Discussant: Adrienne C. Rhodes, Texas A&M University

Voluntary Performance Disclosures in the CD&A
Heidi Packard, University of Michigan
Andrea Pawliczek, University of Missouri
Nikki Skinner, The University of Georgia
Discussant: Maclean Gaulin, The University of Utah

4.05: Quantitative Disclosure
Accounting - 1.5 CH
Moderator: Mark E. Evans, Wake Forest University

Number of Numbers: Does Quantitative Disclosure Reduce Uncertainty in Quarterly Earnings Conference Calls?
John L. Campbell, The University of Georgia
Xin Zheng, The University of British Columbia
Dexin Zhou, Baruch College–CUNY
Discussant: Claire Quinto, The University of Iowa

Non-GAAP Reporting and Investment
Charles G. McClure, The University of Chicago
Anastasia Zakolyukina, The University of Chicago
Discussant: Frank Zhou, University of Pennsylvania

Do Product Market Threats from Industry Peers Affect Non-GAAP Reporting Quality?
Hyunkwon Cho, Sungkyunkwan University
Robert Genehung Kim, University of Massachusetts Boston
Sangwan Kim, University of Massachusetts Boston
Jay Junghun Lee, University of Massachusetts Boston
Discussant: Kristian D. Allee, University of Arkansas

4.06: Local Information
Accounting - 1.5 CH
Moderator: Jeremiah Green, Texas A&M University

For Better or Worse? Financial Reporting Harmonization and Transnational Information Transfers
Manuel Herkenhoff, University of Münster
Martin Nienhaus, Goethe University
Discussant: Jeremy D. Michels, University of Pennsylvania

Localized Information Acquisition
Stephan Hollander, Tilburg University
Robin Litjens, Tilburg University
Discussant: Jacob Thornock, Brigham Young University

Community Social Capital, Information Environment, and IPO Underpricing
Heiwai Lee, University of Michigan–Dearborn
Cynthia Shunyao Jin, University of Michigan–Dearborn
Discussant: Alina Lerman, University of Connecticut

4.07: Private Information
Accounting - 1.5 CH
Moderator: Jimmy Downes, University of Nebraska–Lincoln

Revealed Proprietary Information Disclosure
Rustam Zufarov, University of Illinois at Chicago
Discussant: Jimmy Downes, University of Nebraska–Lincoln

CEO Turnover Announcements and Information Frictions
Christine Liu, University of Toronto
Kose John, New York University
Xu Tian, University of Toronto
Haofei Zhang, Nankai University
Discussant: Paige H. Patrick, University of Illinois at Chicago

Externalities of Nondisclosure: Evidence from The Spillover Effect of Redacted Proprietary Information on Corporate Investment
Xiangpei Chen, The George Washington University
Discussant: Delphine Samuels, University of Chicago

4.08: Financial Institutions
Accounting - 1.5 CH
Moderator: Leslie D. Hodder, Indiana University Bloomington

Mandatory Disclosure and Takeovers: Evidence from Private Banks
Urooj Khan, Columbia University
Doron Nissim, Columbia University
Jing Wen, Columbia University
Discussant: Allison Nicoletti, University of Pennsylvania

Regulatory Supervision through Deterrence: Evidence from Enforcement Actions
Yadav Krishna Gopalan, Indiana University Bloomington
Rebecca Hann, University of Maryland–College Park
Laurel Celastine Mazur, University of Maryland
Discussant: Scott Liao, University of Toronto

Bank Stress Test Disclosures, Private Information Production, and Price Informativeness
Philip Barrett Wheeler, Tulane University
Amanda Heitz, Tulane University
Discussant: Andrew Bird, Carnegie Mellon University

3:30 pm - 3:45 pm EST

Break

3:45 pm - 5:00 pm EST

Concurrent Sessions

5.01: Theory and Empirics
Accounting - 1.5 CH
Moderator: Edwige Cheynel, Washington University in St. Louis

Audit Firm Rotation and Misstatements: A Dynamic Discrete Choice Approach
Edwige Cheynel, Washington University in St. Louis
Frank Zhou, University of Pennsylvania
Discussant: Chen Li, New York University Shanghai

Learning to Disclose: Disclosure Dynamics in the 1890s Streetcar Industry
Thomas Bourveau, Columbia University
Matthias Breuer, Columbia University
Robert Stoumbos, Columbia University
Discussant: Mario Milone, University of California, San Diego

Disclosure and Rational Inattention
Jeremy Bertomeu, Washington University
Yibin Liu, University of California, San Diego
Peicong Hu, University of California, San Diego
Discussant: Yuan Zhang, The University of Texas at Dallas

5.02: Auditing IV
Accounting - 1.5 CH
Moderator: Elizabeth Cowle, University of Arkansas

Economic Consequences of Auditor Reputation Loss: Evidence from the Auditors’ Inspections Scandal
Francine McKenna, American University
Mikhail Pevzner, University of Baltimore
Amy Sheneman, The Ohio State University
Tzachi Zach, The Ohio State University
Discussant: Roy Schmardebeck, The University of Tennessee

The Impact of National Office Governance on Audit Quality
Jade Huayu Chen, The University of Arizona
Preeti Choudhary, The University of Arizona
Discussant: Blair B. Marquardt, University of North Texas

Does an Audit Office’s Quality Control System Impact Audit Quality? Evidence from Audit Report Errors
Lawrence J. Abbott, University of Wisconsin–Milwaukee
William L. Buslepp, Louisiana State University
Blair B. Marquardt, University of North Texas
Stephanie Merrell, Nicholls State University
Discussant: Evisa Bogdani, University of Kentucky

5.03: Fundamental Analysis
Accounting - 1.5 CH
Moderator: Rong Zhao, University of Calgary

Scenario-Based Systematic Risk in Earnings
Jeremiah Green, Texas A&M University
Wanjia Zhao, Texas A&M University
Discussant: Natalya V. Khimich, Drexel University

The Firm-Level Effects of Monetary Policy: Implications for Firm Performance
Oliver Binz, INSEAD
Matthew R. Kubic, The University of Texas at Austin
Peter Joos, INSEAD
Discussant: Lindsey A. Gallo, University of Michigan

The Gender Position Gap and Firm Performance
Chuchu Liang, University of California, Irvine
Ben Lourie, University of California, Irvine
Alexander Nekrasov, University of Illinois at Chicago
Discussant: Joseph Pacelli, Indiana University-Bloomington

5.04: Debt Contracting and Credit Ratings II
Accounting - 1.5 CH
Moderator: Eliza Zhang, University of Washington Tacoma

Do Credit Rating Agencies Learn from Option Markets?
Jundong Wang, San Diego State University
Eliza Zhang, University of Washington Tacoma
Paul Brockman, Lehigh University
Musa Subasi, University of Maryland–College Park
Discussant: Vishal Baloria, University of Alberta

Long-Run Performance of Debt Renegotiations: Large-Sample Evidence
Sudipta Basu, Temple University
Wei Wang, Temple University
Tracy Xiang, Temple University
Discussant: Marcel Tuijin, Southern Methodist University

Investor-Paid Credit Ratings and Conflicts of Interest
Samuel B. Bonsall, The Pennsylvania State University
Jacquelyn Gillette, Massachusetts Institute of Technology
Gabriel Pundrich, University of Florida
Eric So, Massachusetts Institute of Technology
Discussant: Xinlei Li, The Hong Kong University of Science and Technology

5.05: Disclosure Decisions
Accounting - 1.5 CH
Moderator: Mark E. Evans, Wake Forest University

Are Critics Right About Quarterly Earnings Guidance? An Examination of Quarterly Earnings Guidance and Managerial Myopia
Claire Quinto, The University of Iowa
Discussant: John L. Campbell, The University of Georgia

The Dark Side of Investor Conferences: Evidence of Managerial Opportunism
Brian J. Bushee, University of Pennsylvania
Daniel J. Taylor, University of Pennsylvania
Christina Zhu, University of Pennsylvania
Discussant: Jennifer W. Tucker, University of Florida

Tick Size and Voluntary Disclosure
Ole-Kristian Hope, University of Toronto
Junhao Liu, University of Toronto
Discussant: Zhenhua Chen, University of San Diego

5.06: Investor Biases
Accounting - 1.5 CH
Moderator: Spencer Anderson, University of Illinois at Urbana-Champaign

What’s in a Name? Investors’ Reactions to Non-GAAP Labels

Shannon Garavaglia, University of Pittsburgh
Discussant: Spencer Anderson, University of Illinois at Urbana-Champaign

Concurrent Earnings Announcements and the (Rational) Allocation of Investor Attention
Elia Ferracuti, Duke University
Gary Lind, University of Pittsburgh
Discussant: Marcus P. Kirk, University of Florida

Earnings News and the Number Processing Bias
Stephen A. Karolyi, Carnegie Mellon University
Thomas Ruchti, Carnegie Mellon University
Phong Truong, The Pennsylvania State University
Discussant: Brian J. White, The University of Texas at Austin

5.07: Information Processing
Accounting - 1.5 CH
Moderator: Dirk E. Black, University of Nebraska–Lincoln

Egocentrism, Human versus Algorithmic Information Processing, and Selection of Disclosure Medium
Patrick Witz, University of Wyoming
Discussant: Jordan M. Schoenfeld, Dartmouth College

Managers’ Strategic Use of Concurrent Disclosure: Evidence from 8-K Filings and Press Releases
Caleb Rawson, University of Arkansas
Brady Twedt, University of Oregon
Jessica C. Watkins, University of Notre Dame
Discussant: Jeffrey Hales, The University of Texas at Austin

Risk Factor Disclosure and Debt Contracting
Lili Dai, UNSW Sydney
Wayne Landsman, The University of North Carolina at Chapel Hill
Zihang Peng, UNSW Sydney
Discussant: Daniel A. Saavedra, University of California, Los Angeles

5:00 pm - 5:30 pm EST

Business Meeting

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 Based Internet

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

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