Thursday, January 19 2023

1:00 pm – 6:00 pm

Doctoral Consortium (accepted students only)

6:00 pm – 7:00 pm

Welcome Reception

Friday, January 20, 2023

8:00 am – 9:30 am

Concurrent Sessions

1.01: Auditing, Banks, and Capital
Auditing - 1.8 CH
Moderator: Zachary Kowaleski, The University of Texas at Austin

The Effects of Audit Partners on Financial Reporting: Evidence from U.S. Bank Holding Companies
Gauri Bhat, Southern Methodist University
Hemang A. Desai, Southern Methodist University
W. Scott Frame, Federal Reserve Bank of Dallas
Christoffer Koch, International Monetary Fund
Erik J. Mayer, Southern Methodist University
Discussant: Hailey B. Ballew, Rice University

Auditor Scrutiny and Bank Lending Behavior
Matthew Stephen Ege, Texas A&M University
Allison Nicoletti, University of Pennsylvania
Sarah B. Stuber, Texas A&M University
Discussant: Yadav Krishna Gopalan, Indiana University

The Role of Federal Agency Accounting Quality in Federal Budget Allocation: Evidence from Audit Opinions
Jiapeng He, The University of Texas at Dallas
Discussant: Amanda Convery, University of Delaware

1.02: Debt Markets and Credit Ratings I
Accounting - 1.8 CH
Moderator: Hami Amiraslani, INSEAD

The Value of Lending Relationships
Andrew Bird, Chapman University
Michael Hertzel, Arizona State University
Stephen Karolyi, Office of the Comptroller of the Currency
Thomas Ruchti, Office of Financial Research
Discussant: Carlo Gallimberti, Boston College

Measurement Error When Estimating Covenant Violations
Scott D. Dyreng, Duke University
Elia Ferracuti, Duke University
Robert Hills, The Pennsylvania State University
Matthew Ryan Kubic, The University of Texas at Austin
Discussant: John Donovan, University of Notre Dame

Bank Political Attitudes and Creditor Coordination within Loan Syndicates
Sang Woo Sohn, Emory University
Jianxin Zhao, Emory University
Discussant: Leila Peyravan, Rice University

1.03: Consequences of Financial Reporting Pressure
Accounting - 1.8 CH
Moderator: Jenny Zha Giedt, The George Washington University

Who Experiences Financial Reporting Pressure?
Yuan ji, The University of Texas at Arlington
Oded Rozenbaum, The George Washington University
Kyle Welch, The George Washington University
Discussant: Yuan Xie, Fordham University

Who Bears the Cost of Financial Pressure? Racial Disparities in Employee Mistreatment
MaryJane Rabier, Washington University in St. Louis
Sarah E. McVay, University of Washington
Seth Carnahan, Washington University in St. Louis
Discussant: Patricia L. Naranjo, Rice University

Evading the Torpedo: Why Managers Avoid Stock Splits
John Heater, Duke University
Ye Liu, Fudan University
Qin Tan, City University of Hong Kong
Frank Zhang, Yale University
Discussant: George Batta, Claremont McKenna College

1.04: Executive Incentives and Innovation
Accounting - 1.8 CH
Moderator: Andrea Pawliczek, University of Colorado Boulder

Retaining the CFO: Evidence of Chief Accounting Officers on the Executive Team as a CFO Resource
Daniel Russomanno, The University of Arizona
Leah Elena Muriel, Oklahoma State University
Adrienne C. Rhodes, The University of Iowa
Discussant: Isabel Yanyan Wang, Michigan State University

Say-on-Pay Laws and Firm Innovation
Eunjee Kim, Texas A&M University
Rong (Irene) Zhong, University of Illinois at Chicago
Discussant: Edward Sul, The George Washington University

Private Information and the Granting of Stock Options
Mary Ellen Carter, Boston College
Rachel Hayes, The University of Utah
Marlene Plumlee, The University of Utah
Mate Szeles, Tilburg University
Discussant: Jeremy Michels, University of Pennsylvania

1.05: ESG, Sustainability Reporting and Disclosure I
Moderator: Seungju Choi, University of Miami 

Measuring Cities’ Climate Adaptation
Anya Nakhmurina, Yale University
Shirley Simiao Lu, The University of Chicago
Discussant: Nikki Skinner, University of Georgia

Does Talking the Climate Change Talk Help Reduce Investor Uncertainty? Evidence from the Paris Agreement
Juan Castillo, University of Maryland
Rebecca Hann, University of Maryland College Park
Heedong Kim, Baruch College–CUNY
Huihao Yan, Baruch College–CUNY
Discussant: Lisa Yao Liu, Columbia University

Ensure the Greenness of Green Bonds: The Role of Active Monitoring and Transparency
Emma Wang, University of Toronto
Discussant: Rachel Flam, London Business School

1.06: Regulation
Accounting - 1.8 CH
Moderator: Brad Nathan, Columbia University

Disclosure Regulation and Competition
Shijun Xia, University of California, Irvine
Discussant: Brad Nathan, Columbia University

Do Compliance Monitors Provide Net Benefits to Firms? Evidence from Bribery Scandals
Dan Amiram, Tel Aviv University
Igor Goncharov, Lancaster University
Claudia Marangoni, Tilburg University
Discussant: Eric Holzman, Indiana University

Does Mandatory Short Selling Disclosure Lead to Investor Herding Behavior?
John Heater, Duke University
Ye Liu, Fudan University
Qin Tan, City University of Hong Kong
Frank Zhang, Yale University
Discussant: Wuyang Zhao, The University of Texas at Austin

1.07: Zoom Session I
Accounting - 1.8 CH
Moderator: Robert Raney, IESE Business School

Analysts’ Strategic Information Revelation in Conference Calls
Julia Haag, Ludwig Maximilian University of Munich
Christian Hofmann, Ludwig Maximilian University of Munich
Alexander Paulus, Ludwig Maximilian University of Munich
Nina Schwaiger, Ludwig Maximilian University of Munich
Thorsten Sellhorn, Ludwig Maximilian University of Munich
Discussant: Jingdan Tan, Nanyang Technological University

Central Bank Expectation Management and Analyst Forecast Performance
Wen Lin, Lancaster University
Yang Wang, Lancaster University
Xiaoyong Wu, University of Bristol
Discussant: Ke Na, Cheung Kong Graduate School of Business

What Shapes My Style? The Effects of Journalists’ Home Bias on Media Sentiment of Misconduct Firms
Jiaxing You, Xiamen University
Libin Qin, Xiamen University
Jingjing Xia, Wenzhou-Kean University
Discussant: Nhat (Nate) Quang Nguyen, Colorado State University

Break

10:00 am - 11:15 am

Welcome and Plenary
Personal Development - 1.2 CH
In-person and Live Stream

Developing Innovative Research: Lessons from Creativity Research
Speaker: Roni Reiter-Palmon, University of Nebraska at Omaha

11:15 am - 11:45 am

PhD Mentoring Award Presentation 
In-person and Live Stream

12:00 pm – 1:15 pm

Lunch with the Lifetime Achievement Award Presentation
Award Presentation In-person and Live Stream

1:30 pm – 3:00  pm

Concurrent Sessions

2.01: FASB Update
In-person and Live Stream

Accounting - 1.8 CH
Christine Ann Botosan, FASB Board Member
Cassie Mongold, 2022–2023 FASB Post-Doctoral Fellow

2.02: Investors’ Use of Financial Information I
Accounting - 1.8 CH
Moderator: Yonca Ertimur, University of Colorado Boulder

The Information Content of Municipal Financial Statements: Large-Sample Evidence
Christine Cuny, New York University
Ken Li, McMaster University
Anya Nakhmurina, Yale University
Edward Watts, Yale University
Discussant: Frank Zhou, University of Pennsylvania

What Moves the Market? Individual Firms’ Earnings Announcements as Drivers of Index Returns
Maria Ogneva, University of Southern California
Jingjing Xia, Wenzhou-Kean University
Tiange Ye, University of Southern California
Discussant: James Joseph Anderson, Saginaw Valley State University

Value of Internally Generated Intangible Capital
Aneel Iqbal, University of Calgary
Anup Srivastava, University of Calgary
Rong Zhao, University of Calgary
Shivaram Rajgopal, Columbia University
Discussant: Eric H. Weisbrod, The University of Kansas

2.03: Enforcement
Accounting - 1.8 CH
Moderator: Matthew Ryan Kubic, The University of Texas at Austin
Does the SEC Keep an Eye on Earnings Conference Calls?
Alina Lerman, University of Connecticut
Kangkang Zhang, University of Connecticut
Discussant: Matthew Ryan Kubic, The University of Texas at Austin

Regulatory Scrutiny of Mutual Fund Disclosures
Kai Du, The Pennsylvania State University
Shuyang Wang, Northeastern University
Discussant: Igor Goncharov, Lancaster University

How to Select Targets for Investigations? Evidence from Financial Reporting Enforcement
Marius Gros, Niederrhein University of Applied Sciences
Martin Nienhaus, Goethe-University Frankfurt
Christopher Oehler, Goethe-University Frankfurt
Discussant: Trung Nguyen, Harvard University

2.04: Financial Reporting Properties I
Accounting - 1.8 CH
Moderator: Todd Kravet, University of Connecticut

Do Firms Smooth Earnings Less When They Can Hedge Noise Better?
Elia Ferracuti, Duke University
Rahul Vashishtha, Duke University
Shuyan Wang, Duke University
Discussant: Jenna D’Adduzio, The University of British Columbia

Did the Securities Exchange Act of 1934 Increase Accounting Comparability?
Oliver Binz, INSEAD
Darren T. Roulstone, The Ohio State University
Discussant: Vishal Baloria, University of Connecticut

Interfirm Collaboration and Financial Statement Comparability—Evidence from Supply Chains
Kaiwai Hui, The University of Hong Kong
Guoman She, The University of Hong Kong
Juanting Wang, The Hong Kong University of Science and Technology
Discussant: Todd Kravet, University of Connecticut

2.05: Taxes and Financial Reporting
Taxes - 1.8 CH
Moderator: Nathan Chad Goldman, North Carolina State University

Flight to Havens
Travis Chow, The University of Hong Kong
Kelvin Law, Nanyang Technological University
Discussant: Cristi A. Gleason, The University of Iowa

Does Disclosure Prominence Affect Firm Activities? Tax Planning Responses to Tax-Related Disclosure Deregulation
Daniel A. Cohen, Texas A&M University
Bradford Fitzgerald Hepfer, Texas A&M University
Young Hoon Kim, George Mason University
Sean Thomas McGuire, Texas A&M University
Discussant: Mary Cowx, Arizona State University

Tax Havens and Reputational Costs: Evidence from EU Blacklisting
Adrienne DePaul, University of Connecticut
Francis Murphy, University of Connecticut
Mary Vernon, University of Connecticut
Discussant: Alexander Simon Edwards, University of Toronto

2.06: Voluntary Disclosure (Non-Earnings Information) I
Accounting - 1.8 CH
Moderator: Omri Even-Tov, University of California, Berkeley

Directors’ Career Concerns and Investor Outreach
Eunjee Kim, Texas A&M University
Mani Sethuraman, Cornell University
Shuran Zhang, The Hong Kong Polytechnic University
Discussant: Lynn Linghuan Wang, The University of Hong Kong

Are Investors Listening? An Examination of CEO Podcast Appearances
Nathan Thomas Marshall, University of Colorado Boulder
Jackie Wegner, University of Colorado Boulder
Sarah Zechman, University of Colorado Boulder
Discussant: Jedson Pinto, The University of Texas at Dallas

When Micro Firms Speak Macro: Evidence on Firms’ Macroeconomic Disclosures
Cameron Holstead, The University of Texas at Dallas
Alon Kalay, Michigan State University
Gil Sadka, The University of Texas at Dallas
Discussant: Xi Wu, University of California, Berkeley

2.07: Zoom Session II
Accounting - 1.8 CH
Moderator: Alexandra Scherf, The London School of Economics and Political Science

Investor Reaction and Audit Landscape Implications of the Holding Foreign Companies Accountable Act
Rani Hoitash, Bentley University
Udi Hoitash, Northeastern University
Eric Krause, Bentley University
Discussant: Yini Wang, University of Miami

Trademark Protection and CEO Risk-Taking Incentive
Tao Chen, Nanyang Technological University
Yangyang Chen, City University of Hong Kong
Bin Yang, Jinan University
Tao Yuan, Nanjing University
Discussant: Lucile C. Faurel, Arizona State University

Judge Ideology and Opportunistic Insider Trading
Allen Huang, The Hong Kong University of Science and Technology
Kaiwai Hui, The University of Hong Kong
Yue Zheng, The Hong Kong University of Science and Technology
Discussant: Anya Nakhmurina, Yale University

3:00 pm – 3:30 pm

Break

3:30 pm – 5:00 pm

Concurrent Sessions

3.01: Financial Reporting Properties II
Accounting - 1.8 CH
Moderator: Rui-Zhong Zhang, Kent State University

The Decision Usefulness of Accounting Reporting Complexity: Evidence from Filing Returns and Insider Trades
Hyun Woong Chang, University of North Texas
Scott Duellman, St. Louis University
J. Philipp Klaus, Bentley University
Blair B. Marquardt, University of North Texas
Discussant: Nina Xu, University of Connecticut

Capturing Firm Economic Activity
Anthony Joffre, University of Miami
Khrystyna Bochkay, University of Miami
Roman Chychyla, University of Miami
Jake Krupa, Tulane University
Discussant: Federico Siano, The University of Texas at Dallas

A New Perspective on R&D Accounting
Zachary King, Fordham University
Discussant: Anup Srivastava, University of Calgary

3.02: ESG, Sustainability Reporting and Disclosure II
Accounting - 1.8 CH
Moderator: Lisa Yao Liu, Columbia University

The Politics of Climate Change and Materiality in Accounting Disclosures: Evidence from Juror Judgments
Joseph Johnson, University of Central Florida
Michael Thomas Durney, The University of Iowa
Rick C. Warne, University of San Diego
Discussant: Alex Vandenberg, University of Pittsburgh

The Effect of Mandatory Carbon Reporting on Greenwashing
Jody Grewal, University of Toronto
Richardson Gordon, University of Toronto
Jingjing Wang, University of Calgary
Discussant: Guoman She, The University of Hong Kong

Misreporting of Mandatory ESG Disclosures: Evidence from Gender Pay Gap Information
McKenna Bailey, University of Michigan
Stephen Glaeser, The University of North Carolina at Chapel Hill
James Omartian, University of Michigan
Aneesh Raghunandan, The London School of Economics and Political Science
Discussant: Jung Ho Choi, Stanford University

3.03: Investors’ Use of Financial Information II
Accounting - 1.8 CH
Moderator: Emmanuel De George, University of Miami

News from Afar: The Information Role of Nonlocal Investors in Guiding Investment Decisions
Ray Rui Gao, University of Rochester
Xixi Xiao, University of Rochester
Discussant: Jeroen Koenraadt, The London School of Economics and Political Science

Fund Managers’ Ownership and Informativeness of Equity Research Presented at Investment Conferences
Alexandre Madelaine, HEC Paris
Discussant: Jake Krupa, Tulane University

Does Social Media Increase or Moderate Extremeness: Evidence from Seeking Alpha Comments
Devin M. Shanthikumar, University of California, Irvine
Qiao Wang, University of California, Irvine
Shijia Wu, University of California, Irvine
Discussant: Stanimir Markov, The University of Texas at Dallas

3.04: Valuation and Fundamental Analysis
Accounting - 1.8 CH
Moderator: Henry Laurion, University of Colorado

Why Has PEAD Declined Over Time? The Role of Signal Informativeness
Laura Kettell, The University of Texas at Austin
John McInnis, The University of Texas at Austin
Wuyang Zhao, The University of Texas at Austin
Discussant: Ayung Tseng, Georgetown University

Production Complementarity and Momentum Spillover Across Industries
Charles M. C. Lee, Stanford University
Tianshuo Shi, Harvard University
Stephen Teng Sun, City University of Hong Kong
Ran Zhang, Renmin University of China
Discussant: Chuchu Liang, University of California, Irvine

Dividend Levels (Not Changes) Signal Future Earnings
Charles Ham, Indiana University
Zachary Kaplan, Washington University in St. Louis
Discussant: Gary Lind, University of Pittsburgh

3.05: Voluntary Disclosure
Accounting - 1.8 CH
Moderator: Matthias Breuer, Columbia University

Corporate Managers’ Perspectives on Forward-Looking Guidance: Survey Evidence
Andrew C. Call, Arizona State University
Paul Hribar, The University of Iowa
Douglas J. Skinner, The University of Chicago
David Volant, The University of Iowa
Discussant: Zachary Kaplan, Washington University in St. Louis

Financial Reporting Around Private Firms Equity Offerings
Yiran Kang, Columbia University
Discussant: Ole-Kristian Hope, University of Toronto

Vocal Cues and Manager Reporting Goals
Blake Steenhoven, Queen’s University
Discussant: Nicole Cade, University of Pittsburgh

3.06: Big Data and Individual Investors/Consumers
Accounting - 1.8 CH
Moderator: Andrew Gordon Sutherland, Massachusetts Institute of Technology

Human Information Production in the Machine Age: Evidence from Machine Adoption in the Asset Management Industry
Kai Du, The Pennsylvania State University
Miao Liu, Boston College
Shuyang Wang, Northeastern University
Discussant: Jinhwan Kim, Stanford University

Information Processing Frictions and Suboptimal Investment in 529 College Savings Plans
James Li, University of Pennsylvania
Olivia Mitchell, University of Pennsylvania
Christina Zhu, University of Pennsylvania
Discussant: Amanda Awyong, Singapore Management University

Buy Now Pay (Pain?) Later
Ed deHaan, University of Washington
Ben Lourie, University of California, Irvine
Jungbae Kim, Singapore Management University
Chenqi Zhu, University of California, Irvine
Discussant: Aditi Khatri, The University of Arizona

3.07: Zoom Session III
Accounting - 1.8 CH
Moderator: Nhat (Nate) Quang Nguyen, Colorado State University

Whistleblowing Threat and Corporate Disclosure
Ying Huang, The University of Texas at Dallas
Jedson Pinto, The University of Texas at Dallas
Xiaolu Zhou, The Chinese University of Hong Kong
Discussant: Xinlei Li, The Hong Kong University of Science and Technology

Disclosing Endogenous Cost Information
Xu Jiang, Duke University
Yan Xiong, The Hong Kong University of Science and Technology
Discussant: Lin Qiu, Purdue University

Are Current Disclosures Current? Evidence from Form 8-K Impairment Filings
Jangwon Suh, Queens College–CUNY
Amanda Sanseverino, Manhattan College
Discussant: Paul Ma, University of Minnesota

5:15 pm – 5:45 pm

Business Meeting

5:45 pm – 7:15 pm

Reception

Saturday, January 21, 2023

9:15 am – 10:45 am

Concurrent Sessions

4.01: Direct Practical Implications
Accounting - 1.8 CH
Moderator: Igor Goncharov, Lancaster University

Do Commercial Ties Influence ESG Ratings? Evidence from Moody’s and S&P
Yun Lou, Singapore Management University
Liandong Zhang, Singapore Management University
Xuanbo Li, Singapore Management University
Discussant: Anywhere Sikochi, Harvard University

Regulated Human Capital Disclosures
Thomas Bourveau, Columbia University
Maliha Chowdhury, Columbia University
Anthony Le, Columbia University
Ethan Rouen, Harvard University
Discussant: Svenja Dube, Fordham University

Conflicted Regulators
Matthew Ryan Kubic, The University of Texas at Austin
Rui Silva, The University of Texas at Austin
Sara Toynbee, The University of Texas at Austin
Discussant: Ed deHaan, University of Washington

4.02: Audits and Regulation
Auditing - 1.8 CH
Moderator: Wenyin Li, University of Kentucky

Audit Mandates, Audit Firms, and Auditors
Matthias Breuer, Columbia University
Anthony Le, Columbia University
Felix Vetter, University of Mannheim
Discussant: Aneesh Raghunandan, The London School of Economics and Political Science

Does Convergence with International Standards on Auditing Improve Audit Quality?
Ole-Kristian Hope, University of Toronto
Cyndia Wang, The University of British Columbia
Yaqian Wu, Nanjing Agricultural University
Min Zhang, Renmin University of China
Discussant: Jenelle Conaway, George Mason University

The Office of the Chief Accountant’s Revolving Door with Audit Firms
Eric Holzman, Indiana University
Patrick Kielty, The Ohio State University
Discussant: James Justin Blann, Arizona State University

4.03: Debt Markets and Credit Ratings II
Moderator: Laurel Celastine Mazur, University of Notre Dame

Earnings News and Over-the-Counter Markets
Stefan Huber, Rice University
Edward Watts, Yale University
Chongho Kim, New York University
Discussant: Mahfuz Chy, University of Missouri

Operating Lease Recognition and Credit Assessment by Banks
Haomiao He, University of California, Irvine
Ben Lourie, University of California, Irvine
Chenqi Zhu, University of California, Irvine
Mark Ma, University of Pittsburgh
Discussant: Andrea Kristine Down, University of Toronto

Dissemination of Corporate Disclosures in the Stock Markets and the Cost of Bank Loans
Carlo Maria Gallimberti, Boston College
Alvis K. Lo, Boston College
Eric Gelsomin, Rutgers, The State University of New Jersey
Discussant: Matthew Phillips, Massachusetts Institute of Technology

4.04: Political and Regulatory Costs
Accounting - 1.8 CH
Moderator: Paul Richardson, The Pennsylvania State University

The Effects of ASC 606 Retrospective Adoption on a Firm’s Information Environment
Petrus Ferreira, Rice University
Junyoung Jeong, The University of North Carolina at Chapel Hill
Wayne Landsman, The University of North Carolina at Chapel Hill
Discussant: Diana Choi, Purdue University

Labor Costs of Implementing New Accounting Standards
Luminita Enache, University of Calgary
Rucsandra Moldovan, Concordia University
Anup Srivastava, University of Calgary
Zhongwei Huang, Fudan University
Discussant: Heidi Packard, University of Michigan

Impact of ASC 606 on the Cost of Debt: Lessons for Principles-Based Accounting Standards
Kyungran Lee, University of Hong Kong
ShinWoo Lee, Columbia University
Gil Sadka, The University of Texas at Dallas
Discussant: Nikki Skinner, University of Georgia
 

4.05: Voluntary Disclosure (Non-Earnings Information) II
Accounting - 1.8 CH
Moderator: Philip Wang, University of Florida

Investor Base Disclosure and Entrepreneurial Success: Evidence from Crowdfunding
John (Jianqiu) Bai, Northeastern University
Ting Chen, University of Massachusetts Boston
Xiumin Martin, Washington University in St. Louis
Chi Wan, University of Massachusetts Boston
Discussant: K. Philip Wang, University of Florida

Voluntary Disclosure and Retail Trading
Yahui (Katie) Zheng, University of Rochester
Discussant: Eunjee Kim, Texas A&M University

Firm Boundaries and Voluntary Disclosure
Thomas Bourveau, Columbia University
John Kepler, Stanford University
Guoman She, The University of Hong Kong
Lynn Linghuan Wang, The University of Hong Kong
Discussant: Kimberlyn K. George, University of California, Berkeley

4.06: New Analyst Research
Accounting - 1.8 CH
Moderator: Liwei Weng, The Hong Kong Polytechnic University

National Security and Information Environment: Evidence from CFIUS Cancellations
Francesco Grazioli, HEC Paris
Discussant: David Godsell, University of Illinois at Urbana-Champaign

Out of the Office: How Does Professional Inattention Impact Retail Investors?
Owen Davidson, Baylor University
Michael Drake, Brigham Young University
James Robert Moon, Georgia Institute of Technology
James Daniel Warren, University of Arkansas
Discussant: Devin M. Shanthikumar, University of California, Irvine

Do Two Wrongs Make a Right? Strategically Forecasting EPS through Inaccurate Share Forecasts
Ivy Wang, Washington University in St. Louis
Zachary Kaplan, Washington University in St. Louis
Nathan Thomas Marshall, University of Colorado Boulder
Jerry D. Mathis, University of Michigan
Discussant: Artur Hugon, Arizona State University

4.07: Zoom Session IV
Accounting - 1.8 CH
Moderator: Paul Ma, University of Minnesota

Trading of Emission Allowances and Financial Frictions
Robert Raney, IESE Business School
Gaizka Ormazabal, IESE Business School
Donald N’Gatta, IESE Business School
Discussant: Xi Wu, University of California, Berkeley

Human Capital Disclosure and Workforce Turnover
Peter Haslag, Vanderbilt University
Berk Sensoy, Vanderbilt University
Joshua Tyler White, Vanderbilt University
Discussant: Stefano Cascino, The London School of Economics and Political Science

Municipal Bond Market Effects of Credit Rating Dissemination
Riddha Sattam Basu, The George Washington University
Xiangpei Chen, Montana State University
James Naughton, University of Virginia
Discussant: Amanda W. Beck, Georgia State University

10:45 am – 11:15 am

Break

11:15 am – 12:15 pm

Research Roundtable Session

Table 1: Diversity and Race Issues

Picturing Diversity: The Use of Photographs in Annual Reports
Simmi Mookerjee, University of Washington

IRS Attention and CEO Race
Saipriya Kamath, The London School of Economics and Political Science
Shaphan Ng, Singapore Management University
Devin M. Shanthikumar, University of California, Irvine

Table 2: Valuation and Fundamental Analysis

Lifetime Earnings
Sanjeev Bhojraj, Cornell University
Ashish Ochani, Cornell University
Shivaram Rajgopal, Columbia University

Contract Contingencies, Uncertainty, and Firm Performance
Kaiwai Hui, The University of Hong Kong
Jun Oh, Cornell University
Guoman She, The University of Hong Kong
Eric Yeung, Cornell University

Table 3: Social and Environmental Topics in Accounting

Friendship Message for Coworkers: Social Connection between IR Officers and Analysts
Xin (Sheryl) Zhang, Washington University in St. Louis

Mandatory Flood Risk Disclosure and Home Mortgage Lending
Xi Chen, University of Bristol

Table 4: CECL Implementation

Current Expected Credit Losses (CECL) Standard and Banks’ Information Production
Sehwa Kim, Columbia University
Seil Kim, Baruch College–CUNY
Anna V. Kleymenova, Federal Reserve Board
Rongchen Li, Columbia University

The Decision Usefulness of CECL: Users’ and Preparers’ Views about the Current Expected Credit Losses Model
Jordan Bable, Indiana University
Christopher Wong, Wilfrid Laurier University
Michael Wynes, University of Saskatchewan

Table 5: Labor Issues in Accounting

The Impact of Financial Reporting Mandates on Labor Unions
Qingkai Dong, Columbia University
Anthony Le, Columbia University

How Labor Market Competition Shapes Workplace-Related Information on Social Media: Evidence from Glassdoor Reviews
Shuo Li, Singapore Management University
Rencheng Wang, Singapore Management University
Liandong Zhang, Singapore Management University

Table 6: Mandatory Disclosure

Mandatory Financial Disclosure and M&A Activity
Ortiz M. Marcelo, Universitat Pompeu Fabra
Francisco Urzua, City University of London
Paolo Volpin, Drexel University and City University of London
Caspar David Peter, Erasmus University

The Heterogeneous Comparability Effect of Implementing a Principles-Based Standard
Petrus Ferreira, Rice University

Table 7: Trade Credit Issues in Accounting

Suppliers’ Public Relations Efforts and Trade Credit Provision
Chuchu Liang, University of California, Irvine
Jeffrey Ng, The University of Hong Kong
Walid Saffar, The Hong Kong Polytechnic University
Hanzhong Shi, Huazhong University of Science and Technology

Customer Firms’ Earnings Management Mechanisms and Their Suppliers’ Trade Credit
JiangBo HuangFu, Florida Atlantic University
Maya A. Thevenot, Florida Atlantic University
Harper Xing Xing, Florida Atlantic University

Table 8: ESG, Sustainability Reporting and Disclosure

On the EPA’s Radar Screen: The Role of Financial Reports in Environmental Enforcement
Annika Wang, University of Houston
Bin Li, University of Houston

Cryptocurrency Disruption and Investor Reaction to Earnings Announcements
Minjae Kim, University of Minnesota
Hui Liang, The University of Texas at Tyler
Ashish Ochani, Cornell University
Xinyuan Shao, University of Minnesota


Table 9: Contrast and Contextualization

Contextualized News in Corporate Disclosures: A Neural Language Approach
Federico Siano, The University of Texas at Dallas

Contrast Effects and Analyst Forecasts
Hangyuan Shi, New York University
Michael Tang, Florida International University

Table 10: Intangibles and Voluntary Disclosure

Intangible Capital and Information Asymmetry
Muskan Chawla, University of California, Los Angeles
Henry L. Friedman, University of California, Los Angeles
Jessica Kim-Gina, University of California, Los Angeles

Technology Coopetition and 10-K Voluntary R&D Disclosure
Jun Oh, Cornell University
Eric Yeung, Cornell University

Table 11: Investors’ Attention and Behavioral Economics

The Effects of Regulatory Enforcement Disclosure: Evidence from OSHA’s Press Release about Safety Violations
Allen Huang, The Hong Kong University of Science and Technology
Michael Shen, National University of Singapore
Chao Tang, The Hong Kong University of Science and Technology
Wang Juanting, The Hong Kong University of Science and Technology

The Shadow of the Frontier Culture: Evidence from Corporate Violations
Michael Shen, National University of Singapore
Yinghua Li, Arizona State University
Juanting Wang, The Hong Kong University of Science and Technology

Table 12: Financial Reporting Properties

How Do Amounts, Composition, and Properties of Accruals Differ for Physical versus Knowledge Firms?
Aneel Iqbal, University of Calgary
Anup Srivastava, University of Calgary

Does Hedge Accounting Complexity Influence the Effectiveness of Firms’ Hedging Activities?
Waqar Ali, INSEAD
Daniel A. Bens, INSEAD
Gavin Cassar, INSEAD

Table 13: Information Production and Processing

Is Information Production for the U.S. Stock Market Becoming More Concentrated?
Miao Liu, Boston College
Rachel Zhang, National University of Singapore
Yang Cao, Boston College

Everyone Has an Opinion: The Informativeness of the Social Media Response to Management Guidance
John L. Campbell, University of Georgia
Jenna D’Adduzio, The University of British Columbia
James Robert Moon, Georgia Institute of Technology

Table 14: Aggregation and Verification of Financial Reporting

Bias and Aggregation in Accounting: The Effects on Creditors’ Decision and Costs of Capital
Tong Lu, University of Houston
Ziyun Yang, University of Houston–Victoria
Yan Zhang, University of Houston–Downtown

Does Verification of Internal Control over Financial Reporting Affect Voluntary Disclosure?
Jade Huayu Chen, The University of Arizona
Preeti Choudhary, The University of Arizona
Aditi Khatri, The University of Arizona
Shyam Sunder, The University of Arizona

12:30 pm – 1:30 pm

Lunch with various award presentations

Award Presentations 
In-person and Live steam

1:45pm – 3:15 pm

Concurrent Sessions

5.01: In Search of Analyst Interaction
Accounting - 1.8 CH
Moderator: Babak Mammadov, Clemson University

Linguistic Mirroring and Manager Responses: Evidence from Earnings Conference Calls
Kathryn Brightbill, Utah State University
R. Christopher Small, University of Houston
Zhiyan Song, University of Georgia
Discussant: M. H. Franco Wong, University of Toronto

Social Media Discussion of Sell-Side Analyst Research: Evidence from Twitter
Andrew C. Call, Arizona State University
Mehmet Kara, The University of Kansas
Matt Peterson, The University of Kansas
Eric H. Weisbrod, The University of Kansas
Discussant: Michael Jung, University of Delaware

Financial Incentives of Social Media Analysts
Jeroen Koenraadt, The London School of Economics and Political Science
Discussant: Rachel Flam, London Business School

5.02: Fair Value Accounting
Accounting - 1.8 CH
Moderator: Barrett Barrett Wheeler, Tulane University

The Determinants and Informativeness of Banks’ Return on Tangible Common Equity Disclosures
John L. Campbell, University of Georgia
Joe López-Vilaró, University of Arkansas
Catherine Shakespeare, University of Michigan
Zac Wiebe, University of Arkansas
Discussant: Biqin Xie, The Pennsylvania State University

Trends in Investment Fair Value Consensus Over Time: A Security-Level Analysis
Chris E. Hogan, Michigan State University
Sarah E. Stein, Virginia Polytechnic Institute and State University
Sarah B. Stuber, Texas A&M University
Discussant: Brent Schmidt, The Pennsylvania State University

Level 3 Fair Value Measurement and Systemic Risk
Scott Liao, University of Toronto
Jacob Ott, The London School of Economics and Political Science
Ethan Yao, University of Minnesota
Helen Zhang, University of Minnesota
Discussant: Barrett Wheeler, Tulane University

5.03: ESG, Sustainability Reporting and Disclosure III
Accounting - 1.8 CH
Moderator: Andrea Pawliczek, University of Colorado Boulder

"Mere Puffery" or Credible Disclosure? The Real Effects of Adopting Voluntary Disclosure Standards
Seungju Choi, University of Miami
Khrystyna Bochkay, University of Miami
Jeffrey Hales, The University of Texas at Austin
Discussant: Sinja Leonelli, University of Chicago

Do Diverse Directors Influence DEI Outcomes?
Wei Cai, Columbia University
Aiyesha Dey, Harvard University
Jillian Grennan, University of California, Berkeley
Joseph Pacelli, Harvard University
Lin Qiu, Purdue University
Discussant: Aneesh Raghunandan, The London School of Economics and Political Science

Communicating Corporate Culture in Labor Markets: Evidence from Job Postings
Joseph Pacelli, Harvard University
Tianshuo Shi, Harvard University
Yuan Zou, Harvard University
Discussant: Sara Malik, Stanford University

5.04: Political Information Flows
Accounting - 1.8 CH
Moderator: Suhas Sridharan, Emory University

Political Costs and Strategic Corporate Communication.
Mihir Mehta, University of Michigan
Christine Cuny, New York University
Jungbae Kim, Singapore Management University
Discussant: Hengda Jin, Texas A&M University

Location, Location, Location: Senate Trading and Seat Proximity
Dane M. Christensen, University of Oregon
Hengda Jin, Texas A&M University
Beverly R. Walther, Northwestern University
Laura Wellman, The Pennsylvania State University
Discussant: Jasmine Wang, University of Virginia

Legislators’ Demand for Firms’ Financial Statements: Evidence from U.S. Congressional Redistricting Events
Jing Pan, The Pennsylvania State University
Ethan Rouen, Harvard University
Laura Wellman, The Pennsylvania State University
Lei Ma, Southern Illinois University
Discussant: Jacob Thornock, Brigham Young University

5.05: Non-GAAP Reporting
Accounting - 1.8 CH
Moderator: Kurt H. Gee, The Pennsylvania State University

Labor Unionization and Non-GAAP Reporting
Riddha Sattam Basu, The George Washington University
Gary Chen, DePaul University
Spencer Pierce, Florida State University
Discussant: Anthony Le, Columbia University

Quantification of Non-GAAP Exclusion Items in Management Guidance and Analyst Information Production
Peng-Chia Chiu, The Chinese University of Hong Kong
Timothy D. Haight, Loyola Marymount University
Po-Hsiang Yu, National Chengchi University
Mei Zhu, Shanghai University of International Business and Economics
Discussant: Henry Laurion, University of Colorado Boulder

Examining the Active Interplay Between Managers’ and Analysts’ Non-GAAP Reporting
Ryan Johnson, University of Georgia
Discussant: Kurt H. Gee, The Pennsylvania State University

5.06: Behavioral Economics
Accounting - 1.8 CH
Moderator: Peina Liu, Georgia Institute of Technology

Do Investors Prefer Female CEOs in Activist-Targeted Firms? The Role of CEO Gender, Shareholder Activism Type, and Earning Guidance Disclosure
Scott Jackson, The University of South Dakota
Christopher P. Agoglia, University of Massachusetts Amherst
M. David Piercey, University of Massachusetts Amherst
Discussant: Blake Steenhoven, Queen’s University

Differences of Opinion and Corporate Investment Efficiency
Henock Louis, The Pennsylvania State University
Phong Truong, The Pennsylvania State University
Zhiwei Xu, Southwestern University of Finance and Economics
Yinan Yang, Southwestern University of Finance and Economics
Discussant: Jesse Glaze, University of Texas at El Paso

Q&A Interactions: Giving Investors a Voice and Managers’ Withholding of Information
Joseph Croom, University of Washington
Stephanie Grant, University of Washington
Samantha Seto, Simon Fraser University
Discussant: Scott B Jackson, University of South Dakota

5.07: Accounting Potpourri I
Accounting - 1.8 CH
Moderator: Daniele Macciocchi, University of Miami

Following the Digital Breadcrumbs: Suppliers’ Acquisition of Customers’ Public Information
Ruyun Feng, University of Wisconsin–Madison
Michael Kimbrough, University of Maryland College Park
Yue Fang, Zhejiang University
Discussant: Akash Chattopadhyay, University of Toronto

Sins of the Father: The Effect of a Parent Firm’s Financial Misconduct on Current and Former Subsidiaries
Alina Lerman, University of Connecticut
Steve Utke, University of Connecticut
Jingyu Xu, University of Connecticut
Discussant: Roman Chychyla, University of Miami

3:15 pm – 3:45 pm

Break

3:45 pm – 5:15 pm

Concurrent Sessions

6.01: Big Data and Corporate Finance
Moderator: Andrew Gordon Sutherland, Massachusetts Institute of Technology

Algorithmic Trading and Directors’ Learning from Stock Prices: Evidence From Ceo Turnover Decisions
Jaewoo Kim, University of Oregon
Jun Oh, Cornell University
Hojun Seo, Purdue University
Luo Zuo, Cornell University
Discussant: Miao Liu, Boston College

The Role of Disclosure in DeFi Markets
Amanda Awyong, Singapore Management University
Discussant: Anthony Le, Columbia University

AI Readership and Financial Reporting
Ying Liang, Georgia State University
Sean Cao, University of Maryland
Jason Youngseok Moon, Georgia State University
Discussant: Christina Zhu, University of Pennsylvania

Operating Leases and the Market’s Assessment of Equity Risk: Evidence from the Adoption of ASC 842
C. S. Agnes Cheng, The University of Oklahoma
Yuedan Geng, Harbin Institute of Technology and The Hong Kong Polytechnic University
Sha Zhao, Oakland University
Discussant: Andrea Tillet, University of Wisconsin–Madison

6.04: Standard Setting
Moderator: Usha Rackliffe, Emory University

Decision-Usefulness of Expected Credit Loss Information under CECL
Kurt H. Gee, The Pennsylvania State University
Jed J. Neilson, The Pennsylvania State University
Biqin Xie, The Pennsylvania State University
Brent Schmidt, The Pennsylvania State University
Discussant: Seil Kim, Baruch College–CUNY

Efficiency Gains from Accounting Regulatory Compliance: Evidence from ASC-842.
Chandrani Chatterjee, The University of Texas at Arlington
Discussant: Diana Lynn Weng, Baruch College–CUNY

Heterogeneity in the Financial-Reporting Effects of ASC 606 Adoptions: Evidence from an Industry-Focused Approach
Diana Choi, Purdue University
Sehwa Kim, Columbia University
Xue Wang, The Ohio State University
Discussant: Vincent Castellani, The Pennsylvania State University

6.05: Voluntary Disclosure (Non-Earnings Information) III
Moderator: Tanya Paul, University of California Berkeley

Public Disclosure Around Confidentially-Marketed Public Offerings
Peter Demerjian, Georgia State University
Yonca Ertimur, University of Colorado Boulder
Bryce Schonberger, University of Colorado Boulder
Discussant: Tanya Paul, University of California, Berkeley

Mandatory Disclosure and Acquisition: Evidence from Material Contract Redactions
Jiwoo Ryou, West Virginia University
Paul A. Griffin, University of California, Davis
Kyungran Lee, University of Hong Kong
Hyun A. Hong, University of California, Riverside
Discussant: Hila Fogel-Yaari, The University of Texas at Arlington

Antitrust Risk and Voluntary M&A Disclosure
Jun Oh, Cornell University
Discussant: Matthew Bloomfield, University of Pennsylvania

6.06: Analytical Modeling and Financial Reporting
Moderator: Ronghuo Zheng, The University of Texas at Austin

The Joint Decision Between Investment, Financing, and Accounting Discretion: Evidence from a Structural Model
George Batta, Claremont McKenna College
Thomas Ruchti, Office of Financial Research
Discussant: Ying Liang, Georgia State University

Disclosure Contest, Competition for Capital and Real Investment Incentives
Li Yang, Columbia University
Jeroen Suijs, RSM Erasmus University
Discussant: Ronghuo Zheng, The University of Texas at Austin

Mandatory Reporting Frequency, Informed Trading, and Corporate Myopia
Hwa Young Kim, University of Cambridge
Discussant: Ming Deng, Baruch College–CUNY

6.07: Accounting Potpourri II
Moderator: Jeroen Koenraadt, The London School of Economics and Political Science

The Number of Sales Digits as a Window into Future Sales Growth
Josh Filzen, Boise State University
Kyle Peterson, University of Oregon
Discussant: Charles Ham, Indiana University

PCAOB Inspections, Knowledge Diffusion, and Corporate Tax Planning Effectiveness
James Justin Blann, Arizona State University
Nathan Chad Goldman, North Carolina State University
Tyler Kleppe, University of Kentucky
Discussant: Preeti Choudhary, The University of Arizona

All the King’s Men: The Proportion of Named Executive Officers Hired by the CEO, Firm Risk, and Audit Pricing
John L. Campbell, University of Georgia
Bo Zhang, Renmin University of China
Houwei Zhu, Renmin University of China
Xindong Zhu, City University of Hong Kong
Discussant: Zhejia Ling, California State University, Fullerton

5:30 pm – 6:30pm

Closing Reception