Click Here to Access Abstracts

Friday, January 11, 2019

   
7:00 am - 8:00 am Breakfast for Doctoral Consortium Participants

8:00 am - 9:00 am Plenary Session

Creativity and Success in Accounting Research
Speaker: Mohan Venkatachalam, Duke University

 9:00 am - 9:15 amBreak

 9:15 am - 10:15 amPlenary Session

Scholarship, Research, and Teri's Top Ten Tips for Success
Speaker: Teri L. Yohn, Northwestern University

10:15 am - 10:30 am Break

10:30 am - 11:30 am Breakout Q&A Sessions

Group 1: Theodore Christensen, The University of Georgia
Group 2: John L. Campbell, The University of Georgia
Group 3: Ed deHaan, University of Washington
Group 4: Rebecca Hann, University of Maryland
Group 5: Lian Fen Lee, Boston College
Group 6: Brian P. Miller, Indiana University Bloomington
Group 7: Edward L. Owens, The University of Utah
Group 8: Xue Wang, The Ohio State University
Group 9: Gwen Yu, University of Michigan
Group 10: Sarah L. Zechman, University of Colorado Boulder


Friday, January 11, 2019 - FARS Midyear Meeting

 

8:00 am - 8:30 am Continental Breakfast for Technical Session Participants

 8:30 am - 11:30 amTechnical Session: Igniting Your Coding Engine - A Hands-on
Workshop on Extracting and Working with Textual Data 
Presenters: Khrystyna Bochkay, University of Miami, Roman Chychyla, University of Miami,
Andrew J. Leone, Northwestern University
  
12:00 pm - 1:30 pm Lunch
Accounting - 1.0 CH

Integrated Reporting: The Need to Focus Capital on the Long-Term
Speaker: Bob Laux, International Integrated Reporting Council

Lifetime Service Award Recognition for Katherine Schipper, Duke University

1:45 pm - 3:15 pm Plenary Session
Accounting - 1.8 CH

Welcome
Nicole T. Jenkins, FARS President, University of Kentucky

Top Picks of the 19 FARS Editors
Moderator: Katherine Schipper, Duke University

How Does Financial-Reporting Regulation Affect Market-Wide Resource Allocation?
Matthias Breuer, Columbia University

How Does Going Public Affect Employee Behavior? Evidence from Brokerage IPOs
Joseph Pacelli, Indiana University Bloomington
Mark T. Bradshaw, Boston College Michael Drake, Brigham Young University Brady Twedt, University of Oregon

Regulatory Cooperation and Foreign Portfolio Investment
Mark Lang, The University of North Carolina at Chapel Hill
Mark G. Maffett, The University of Chicago James Omartian, University of Michigan Roger Silvers, The University of Utah

3:15 pm - 3:45 pm Break

3:45 pm - 5:15 pm Concurrent Sessions

1.01: Disclosure and Information Asymmetry
Accounting - 1.8 CH
Moderator: Landon Mauler, Florida State University

Information Asymmetry in Spinoffs: The Role of Incremental Disclosure
John L. Campbell, The University of Georgia
Michael Ettredge, The University of Kansas
Feng Guo, Iowa State University
Zac Wiebe, The University of Kansas
Discussant: Frank Heflin, The University of Georgia

Voluntary Disclosure Through the Ranking of Risk Factors in the 10-K

Michael Chin, Rutgers, The State University of New Jersey
Kevin C. Moffitt, Rutgers, The State University of New Jersey–Newark
Yue Liu, Rutgers, The State University of New Jersey–Newark
Discussant: James Moon, Georgia Institute of Technology

Intangible Assets and Target Executive Turnover in Acquisitions
MaryJane Raffaella Rabier, Washington University in St. Louis
Discussant: Weili Ge, University of Washington

1.02: FASB Update and Research Relevance
Accounting - 1.8 CH
Speakers: Christine A. Botosan, Financial Accounting Standards Board
Kurt H. Gee, Financial Accounting Standards Board

1.03: Determinants and Consequences of Financial Reporting Quality

Accounting - 1.8 CH
Moderator: Ahmet C. Kurt, Suffolk University

Firm Location, Local Peers and Corporate Reporting Behavior
Nargess Golshan, University of Missouri
Inder K. Khurana, University of Missouri
Jere R. Francis, University of Missouri
Discussant: Michael J. Neel, University of Houston

Labor and Finance: The Role of Financial Reporting Quality
Boochun Jung, University of Hawaii at Manoa
Woo-Jong Lee, Seoul National University
David P. Weber, University of Connecticut
Daniel Yang, The Ohio State University
Discussant: Alvis K. Lo, Boston College

Sharing Financial Reporting Policies with Neighbors? The Effect of Headquarter Co-Location on Financial Statement Comparability
Gus De Franco, Tulane University
Yu Hou, Queen’s University
Mark Ma, American University
Discussant: Vishal Baloria, Boston College

1.04: Financial Reporting and Disclosure Around the World
Accounting 1.8 CH
Moderator: Clare Wang, The University of Iowa

Disclosure Choice when Market-Wide Externalities Matter: Evidence from IFRS Adoption by Central Banks

Igor Goncharov, Lancaster University
Zoltán Novotny-Farkas, Vienna University of Economics and Business
Xiaoyong Wu, Lancaster University
Discussant: Gwen Yu, University of Michigan

IASB-The Accounting Tower of Babel: Language and the Translation of International Accounting Standards
Emily Anne Shafron, The University of Georgia
Discussant: Maria Wieczynska, Arizona State University

Do Mandatory Disclosure Regulations Result in Positive Information Externalities? Evidence from the Effect of Mandatory IFRS Adoption on U.S. Firms
Anna Brown, University of Connecticut
Donal Byard, Baruch College–CUNY
Masako Darrough, Baruch College–CUNY Jangwon Suh, New York Institute of Technology
Discussant: Mark G. Maffett, The University of Chicago

1.05: Financial Institutions
Accounting - 1.8 CH
Moderator: Yadav Krishna Gopalan, Indiana University Bloomington

FDIC Loss-Share Contracts in Failed-Bank Auctions
Xu Jiang, Duke University
Matthew Ryan Kubic, Duke University
Discussant: Yadav Krishna Gopalan, Indiana University Bloomington

Financial Intermediation through Financial Disintermediation: Evidence from the ECB Corporate Sector Purchase Programme
Aytekin Ertan, London Business School
Anna V. Kleymenova, The University of Chicago
Marcel Tuijn, Erasmus University
Discussant: Yadav Krishna Gopalan, Indiana University Bloomington

Lender Capital Adequacy and Financial Covenant Strictness
Peter Demerjian, University of Washington
Edward Owens, The University of Utah
Matias Sokolowski, Emory University
Discussant: John Donovan, University of Notre Dame

1.06: Audit Quality and Market Competition
Accounting 1.8 CH
Moderator: Judson A. Caskey, University of California, Los Angeles

Audit Quality and Investment Efficiency with Informed Trading

Nisan Langberg, University of Houston and Tel Aviv University
Naomi Rothenberg, University of Alberta
Discussant: Judson A. Caskey, University of California, Los Angeles

Market Interactions Between Audit and Non-Audit Services: Bundling, Bans, and Competition
Henry L. Friedman, University of California, Los Angeles
Lucas Mahieux, Toulouse School of Economics
Discussant: Gaoqing Zhang, University of Minnesota

The Economic Consequences of Audit Market Competition: Evidence from Cost of Bank Financing
Frank Zhou, University of Pennsylvania
Discussant: Thomas Ruchti, Carnegie Mellon University

1.07: Investor Attention and Information Processing
Accounting - 1.8 CH
Moderator: Braiden Coleman, Indiana University

Street Earnings Activation Delay
Khrystyna Bochkay, University of Miami
Stanimir Markov, The University of Texas at Dallas
Musa Subasi, University of Maryland
Eric H. Weisbrod, University of Miami
Discussant: Joseph Pacelli, Indiana University Bloomington

The Determinants and Consequences of Immaterial Disclosure in Annual Reports
Jenna D’Adduzio, The University of Georgia
Discussant: Jeff Lawrence McMullin, Indiana University Bloomington

Does Investor Attention to Accounting Information Matter to the Pricing of Stocks?

Shiwon Song, INSEAD
Discussant: Youfei Xiao, Duke University

1.08: Disclosure Policy: Determinants and Consequences
Accounting 1.8 CH
Moderator: Terrence Blackburne, University of Washington

Can Short Sellers Constrain Aggressive Non-GAAP Reporting?
Theodore E. Christensen, The University of Georgia
Nilabhra Bhattacharya, Southern Methodist University
Qunfeng Liao, Oakland University Bo Ouyang, The Pennsylvania State University Great Valley
Discussant: Henry Laurion, University of Colorado Boulder

Do Managers Avoid Disclosing to High Frequency Traders?
Danqi Hu, Northwestern University
Andrew Stephan, University of Colorado
Discussant: Rajesh Vijayaraghavan, The University of British Columbia

Information Environment Consequences of SEC Non-GAAP Comment Letters

Jasmine Wang, The University of Georgia
Enrique Gomez, The University of Georgia
Frank Heflin, The University of Georgia
Discussant: Terrence Blackburne, University of Washington

6:00 pm - 7:30 pm Reception

Saturday, January 12, 2019- FARS Midyear Meeting

   
8:00 am - 9:30 am Concurrent Sessions

2.01: Discretionary Choices in Disclosure
Accounting - 1.8 CH
Moderator: Scott A. Emett, Arizona State University

Analysts’ Role in Shaping Non-GAAP Reporting: Evidence from a Natural Experiment
Theodore E. Christensen, The University of Georgia
Enrique Gomez, The University of Georgia
Matthew Ma, Southern Methodist University
Jing Pan, Southern Methodist University
Discussant: Steven Savoy, University of Illinois at Chicago

The Effect of Identifying Intangible Assets in an Acquisition on Investors’ Judgments
Zheng Leitter, Nanyang Technological University
Discussant: Shana Clor-Proell, Texas Christian University

Clarity Trumps Content: An Experiment on Information Acquisition in Beauty Contests

Sanjay Banerjee, University of Alberta
Hong Qu, Kennesaw State University
Ran Zhao, Chapman University
Discussant: Shannon Garavaglia, The University of Texas at Austin

2.02: Corporate Governance and Debt Contracting
Accounting 1.8 CH
Moderator: Nathan C. Goldman, The University of Texas at Dallas

Does Institutional Ownership Exacerbate Debt-Equity Conflicts? Evidence from the Auditor Certificate of Debt Covenant Compliance

Mahmoud Gad, Lancaster University
Kirak Kim, University of Bristol
Discussant: Eric Holzman, The Ohio State University

How Shareholder Activism Affects Firms’ Cost of Borrowing
Yukun Liu, Yale University
Xi Wu, New York University
Discussant: Maria Loumioti, The University of Texas at Dallas

The Effect of Blockholder Board Representation on Debt Contracting
Blair B. Marquardt, University of North Texas
Discussant: Oktay Urcan, University of Illinois at Urbana-Champaign

2.03: Litigation and Fraud
Accounting 1.8 CH
Moderator: Justin J. Hopkins, University of Virginia

Do Corporate Whistleblower Laws Deter Accounting Fraud?
Heemin Lee, Baruch College–CUNY
Discussant: Jingjing Zhang, McGill University

Learning While Working: How Do Early Litigation Experiences Affect Managers’ Disclosure?

William M. Cready, The University of Texas at Dallas
Yaqin Hu, McMaster University
Discussant: Heemin Lee, Baruch College–CUNY

Shareholder Litigation and Financing Decisions: Evidence from Derivative Lawsuits
Benedikt Downar, Technical University of Munich
Mario Keiling, Technical University of Munich
Discussant: Justin J. Hopkins, University of Virginia

2.04: Investors and Earnings Management
Accounting 1.8 CH
Moderator: Youli Zou, The George Washington University

Do Investors Unravel Real Earnings Management to Meet or Narrowly Beat Analysts’ Expectations? Evidence from Conference Calls
Yuan Ji, Montana State University
Oded Rozenbaum, The George Washington University
Discussant: Dan Givoly, The Pennsylvania State University

Modeling the Determinants of Meet-or-Beat Behavior in Distribution Discontinuity Tests
Dmitri Byzalov, Temple University
Sudipta Basu, Temple University
Discussant: Youli Zou, The George Washington University

The Effect of Shareholder Proposals of Accrual-Based and Real Earnings Management
Jeffrey Ng, The Hong Kong Polytechnic University
Hong Wu, The Hong Kong Polytechnic University
Weihuan Zhai, The Hong Kong Polytechnic University
Jing Zhao, The Hong Kong Polytechnic University
Discussant: Qiang Cheng, Singapore Management University

2.05: Taxes and Financial Reporting
Accounting 1.8 CH
Moderator: Erin Marie Towery, The University of Georgia

The Credit Channel of Fiscal Policy Transmission
Andrew Bird, Carnegie Mellon University
Stephen Adam Karolyi, Carnegie Mellon University
Stefan Lewellen, The Pennsylvania State University
Thomas Ruchti, Carnegie Mellon University
Discussant: Christine Dobridge, Federal Reserve Board

Kick the Can: What Can Tax Extenders Tell Us About Financial Reporting Quality?
Francis Murphy, University of Connecticut
Sarah Parsons, University of Connecticut
Discussant: Marcel Olbert, University of Mannheim

The Effect of SSAP 101 on Loss Provisioning by Property-Casualty Insurers
Jiang Cheng, Lingnan University
Travis Chow, Singapore Management University
Tzu-Ting Lin, National Taiwan University
Jeffrey Ng, The Hong Kong Polytechnic University
Discussant: Robert W. Hills, Duke University

2.06: Analysts and Their Estimates
Accounting - 1.8 CH
Moderator: Stephanie F. Cheng, Tulane University

Analysts’ Estimates of Cost of Equity Capital
Karthik Balakrishnan, London Business School
Lakshmanan Shivakumar, London Business School
Peeyush Taori, London Business School
Discussant: Maria Ogneva, University of Southern California

Truncating Optimism
Zachary R. Kaplan, Washington University in St. Louis
Xiumin Martin, Washington University in St. Louis
Yifang Xie, Washington University in St. Louis
Discussant: Benjamin C. Whipple, The University of Georgia

When Do Associate Analysts Matter?
Menghai Gao, The George Washington University
Yuan Ji, Montana State University
Oded Rozenbaum, The George Washington University
Discussant: Nathan Y. Sharp, Texas A&M University

2.07: Bank Stress Test Disclosures and Inside-Debt Compensations
Accounting 1.8 CH
Moderator: Austin C. Sudbury, Carnegie Mellon University

Bias and the Efficacy of Stress Test Disclosures

Andrew Bird, Carnegie Mellon University
Stephen Adam Karolyi, Carnegie Mellon University
Thomas Ruchti, Carnegie Mellon University
Austin C. Sudbury, Carnegie Mellon University
Discussant: Frank Zhou, University of Pennsylvania

The Coordination Role of Stress Test Disclosure in Bank Risk Taking
Gaoqing Zhang, University of Minnesota
Carlos Corona, Carnegie Mellon University
Lin Nan, Purdue University
Discussant: Sanjay Banerjee, University of Alberta

Seniority Orders between Inside Debts and External Debts
Xiaoyan Wen, Texas Christian University
Mingcherng Deng, Baruch College–CUNY
Lin Nan, Purdue University
Discussant: Austin C. Sudbury, Carnegie Mellon University

2.08: Disclosure and Investor Attention
Accounting 1.8 CH
Moderator: Jeremy Michels, University of Pennsylvania

Management Forecasts in Crowded Sectors
Frank Zhou, University of Pennsylvania
Stella Yeayeun Park, University of Pennsylvania
Catherine Schrand, University of Pennsylvania
Discussant: Matthias Breuer, Columbia University

The Effect of Investor Inattention on Voluntary Disclosure
Riddha Sattam Basu, Northwestern University
Spencer Ryan Pierce, Florida State University
Andrew Stephan, University of Colorado
Discussant: Jeremy Michels, University of Pennsylvania

Institutional Investor Attention and Firm Disclosure
Andrew Gordon Sutherland, Massachusetts Institute of Technology
John Core, Massachusetts Institute of Technology
Inna Abramova, Massachusetts Institute of Technology
Discussant: Jeremy Michels, University of Pennsylvania

9:30 am - 10:00 am Break

10:00 am - 11:30 am Concurrent Sessions

3.01: Journal of Financial Reporting Update and Showcase

Accounting - 1.8 CH

JFR’s Call for Pre-Registered Re-examinations (P-REX): Guidance for Submissions and Integration into Doctoral Seminars
Robert J. Bloomfield, Cornell University

Reactions of Nonprofit Monitors to Financial Reporting
Jeffrey J. Burks, University of Notre Dame

Investors’ Responses to Reported Earnings when Management Issues Goal versus Expectation Earnings Guidance: An Experimental Investigation

Kirsten Fanning, University of Illinois at Urbana-Champaign
Ling Harris, University of South Carolina
Kevin E. Jackson, University of Illinois at Urbana-Champaign
Matthew T. Stern, DePaul University

Creating Firm Disclosures
Eugene F. Soltes, Harvard University
Amir Amel-Zadeh, University of Oxford
Alexandra Scherf, Harvard University

3.02: Informed Trading and Information Transfer
Accounting - 1.8 CH
Moderator: Hojun Seo, National University of Singapore

At the Intersection of Incentive and Opportunity: Institutional Investors and Informed Trading
Cory A. Cassell, University of Arkansas
Tyler Kleppe, University of Arkansas
Andrew Pierce, University of Arkansas
Margaret Warren, University of Arkansas
Discussant: Hojun Seo, National University of Singapore

Perceived Accounting Quality and the Information Content of Prior Insider Trades
Terrence Blackburne, University of Washington
Asher Curtis, University of Washington
Anna Rossi, University of Oulu
Discussant: Matthew C. Cedergren, University of Pennsylvania

ETFs and Information Transfer Across Firms
Sanjeev Bhojraj, Cornell University
Partha Mohanram, University of Toronto
Suning Zhang, Iowa State University
Discussant: Asher Curtis, University of Washington

3.03: Unconventional Sources of Information
Accounting - 1.8 CH
Moderator: Yifang Xie, Washington University in St. Louis

The Forecasting Use of EBITDA Covenants by Equity Investors
Carlo Maria Gallimberti, Boston College
Alvis K. Lo, Boston College
Lian Fen Lee, Boston College
Discussant: Peter Demerjian, University of Washington

The Impact of News Aggregators on Investor Acquisition of Financial Information: Evidence from Google News in the U.S. and Spain
Kai Du, The Pennsylvania State University
Discussant: Christina Zhu, University of Pennsylvania

The Information Quality of Non-GAAP Disclosures
Han-Chung Chen, National Taiwan University
Yen-Jung Lee, National Taiwan University
Sheng-Yi Lo, National Taiwan University
Discussant: Kurt H. Gee, Financial Accounting Standards Board

3.04: Economic Consequences of Regulation and Investor Relations Officers
Accounting - 1.8 CH
Moderator: Xiaoli Tian, Georgetown University

Bond Liquidity and Voluntary Disclosures: Evidence from the Volcker Rule
Hsiang-Chieh Yang, The University of British Columbia
Joy Begley, The University of British Columbia
Ira Yeung, The University of British Columbia
Discussant: Xiumin Martin, Washington University in St. Louis

Spillover Effects of State Regulated Corporate Disclosure on the Mortgage Market
Kirti Sinha, Northwestern University
Discussant: Xiaoli Tian, Georgetown University

The Informational Role of Investor Relations Officers: Evidence from the Debt Market
Mani Sethuraman, Cornell University
Thomas DeVoe Steffen, Yale University
Eunjee Kim, Cornell University
Discussant: Andrew C. Call, Arizona State University

3.05: Disclosure Regulation
Accounting - 1.8 CH
Moderator: Rong Zhao, University of Calgary

Disclosure Regulation, Corruption, and Investment: Evidence from Natural Resource Extraction

Thomas Rauter, The University of Chicago
Discussant: Jessica C. Watkins, University of Notre Dame

U.S. Evidence from D&O Insurance on Agency Costs: Implications for Country-Specific Studies

Dain C. Donelson, The University of Texas at Austin
Brian Monsen, The Ohio State University
Christopher G. Yust, Texas A&M University
Discussant: Robert H. Davidson, Virginia Polytechnic Institute and State University

Mandatory Disclosure of Cyber Incidents and Cost of Equity
Musaib Ashraf, The University of Arizona
Jayanthi Sunder, The University of Arizona
Discussant: Amy Genson Sheneman, The Ohio State University

3.06: Investors’ Use of Financial Reporting Information
Accounting - 1.8 CH
Moderator: Chase Michael Potter, Washington University in St. Louis

Financial Reporting Frequency and Investor Myopia
Jenna D’Adduzio, The University of Georgia
David Seung-Hyun Koo, University of Illinois at Urbana-Champaign
Santhosh M. Ramalingegowda, The University of Georgia
Yong Yu, The University of Texas at Austin
Discussant: Jeff Lawrence McMullin, Indiana University Bloomington

Identifying the Nature and Value of Expected Merger Synergies
Messod Daniel Beneish, Indiana University Bloomington
Ayung Tseng, Indiana University Bloomington
Patrick Vorst, Maastricht University
Discussant: Ciao-Wei Chen, University of Illinois at Urbana-Champaign

Real Effects of Accounting for Leases
Oktay Urcan, University of Illinois at Urbana-Champaign
Maria Correia, The London School of Economics and Political Science
Ciao-Wei Chen, University of Illinois at Urbana-Champaign
Discussant: Jennifer L. M. Altamuro, Villanova University


3.07: Market Efficiency
Accounting 1.8 CH
Moderator: Nina Xu, Texas A&M University

Off-Exchange Trading and Post Earnings Announcement Drift
Jacob K. Thomas, Yale University
Frank Zhang, Yale University
Wei Zhu, University of Illinois at Urbana-Champaign
Discussant: Partha Mohanram, University of Toronto

Skin in the Game: Operating Growth, Firm Performance, and Future Stock Returns
Sean Cao, Georgia State University
Eric Yeung, Cornell University
Zhe Wang, Georgia State University
Discussant: Teri L. Yohn, Northwestern University

The Effect of Mandatory Disclosure on Market Inefficiencies: Evidence from Statement of
Financial Accounting Standard Number 161

John L. Campbell, The University of Georgia
Urooj Khan, Columbia University
Spencer Ryan Pierce, Florida State University
Discussant: Sean Cao, Georgia State University

3.08: Disclosure, Competition, and Finance
Accounting 1.8 CH
Moderator: Jacob Jaggi, The University of Arizona

The Effect of Bank Competition on Accounting Conservatism: Evidence from a Natural Experiment
Liya Hou, The University of Texas at Dallas
Discussant: Apoorv Gogar, The Pennsylvania State University

Disclosure of Proprietary Information and Financing Choice
Ioannis Floros, University of Wisconsin–Milwaukee
Shiva K. Sivaramakrishnan, Rice University
Rustam Zufarov, Rice University
Discussant: Andrew G. Sutherland, Massachusetts Institute of Technology

The Effect of Ownership Structure and Board Independence on Firm Value: Evidence from Controlled Companies
Dain C. Donelson, The University of Texas at Austin
Jennifer Glenn, Texas A&M University
Christopher G. Yust, Texas A&M University
Discussant: Robert H. Davidson, Virginia Polytechnic Institute and State University

11:45 am - 1:30 pm Lunch

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

Ph.D. Mentoring Award Presentation
Award Recipient: Russell J. Lundholm, The University of British Columbia

2:00 pm - 3:30 pm Concurrent Sessions

4.01: Regulation Enforcement and Whistleblowers
Accounting - 1.8 CH
Moderator: Rachel Marie Geoffrey, The Ohio State University

Administrative Discretion in Disclosure Regulation—Evidence from SEC Confidential Treatment Reviews

Kai Wai Hui, The University of Hong Kong
Kyungran Lee, The University of Hong Kong
Guoman She, The Hong Kong University of Science and Technology
Discussant: Rachel Marie Geoffrey, The Ohio State University

Policeman for the World: U.S. Enforcement of Foreign Corruption Regulation and Corporate Behavior in Corrupt Countries
Hans Christensen, The University of Chicago
Mark G. Maffett, The University of Chicago
Thomas Rauter, The University of Chicago
Discussant: John (Xuefeng) Jiang, Michigan State University

Silent Whistleblowers: Evidence on the Use and Efficacy of Internal Whistleblowing Systems
Stephen Stubben, The University of Utah
Kyle Welch, The George Washington University
Discussant: Jaron Wilde, The University of Iowa

4.02: CEO Compensation and Career Concerns
Accounting 1.8 CH
Moderator: Robert W. Hills, Duke University

CEO-Firm Match Quality, Entrenchment, and the Relation Between CEO Tenure and Firm Value
Francois Brochet, Boston University
Peter Limbach, University of Cologne and Centre for Financial Research
Markus Schmid, University of St. Gallen
Meik Scholz-Daneshgari, Karlsruhe Institute of Technology
Discussant: Matthew Bloomfield, University of Pennsylvania

Peer Group Choice and Chief Executive Officer Compensation
Christina Zhu, University of Pennsylvania
David Larcker, Stanford University
Charles G. McClure, The University of Chicago
Discussant: Melissa Martin, University of Illinois at Chicago

Anti-Pledging Policy, CEO Compensation, and Investment
Jihun Bae, Erasmus University
Ruishen Zhang, Frankfurt School of Finance & Management
Discussant: Ira Yeung, The University of British Columbia

4.03: Examining Financial Reporting Quality
Accounting - 1.8 CH
Moderator: Katie Lem, University of Washington

An Investigation of Unusual or Infrequent Accrual Line Items Identifiable on the Statement of Cash Flows
Patricia Dechow, University of Southern California
Chad Larson, University of Houston
Robert Resutek, The University of Georgia
Discussant: Samuel J. Melessa, The University of Iowa

Measuring Reporting Quality
Siyi Li, University of Illinois at Chicago
Ryan Joseph Casey, University of Denver
Feng Gao, Rutgers, The State University of New Jersey, New Brunswick
Shailendra Pandit, University of Illinois at Chicago
Michael T. Kirschenheiter, University of Illinois at Chicago
Discussant: Khrystyna Bochkay, University of Miami

An Input-Based Measure of Financial Statement Comparability
Rani Hoitash, Bentley University
Udi Hoitash, Northeastern University
Ahmet Can Kurt, Suffolk University
Rodrigo Verdi, Massachusetts Institute of Technology
Discussant: Volkan Muslu, University of Houston

4.04: The Language of Disclosure
Accounting - 1.8 CH
Moderator: Stephanie Grant, University of Washington

The Impact of Linguistic Distance and Financial Reporting Readability on Foreign Holdings of U.S. Stocks
Kristian Dietrich Allee, University of Arkansas
Lisa Anderson, University of Arkansas
Michael Crawley, University of Arkansas
Discussant: Brian Joseph White, The University of Texas at Austin

Linguistic Style Matching in Earnings Conference Calls: A Multi-Method Examination
Kristina Rennekamp, Cornell University
Mani Sethuraman, Cornell University
Blake Steenhoven, Cornell University
Discussant: Nicole Cade, University of Pittsburgh

Lost in Translation? Analysts’ Forecasts of Cross-Listed Firms
Hyunkwon Cho, Sejong University
Minjae Koo, University of Houston
Volkan Muslu, University of Houston
Discussant: Kathryn Brightbill, The University of Iowa

4.05: Private Information Disclosure and Financial Misreporting
Accounting 1.8 CH
Moderator: Mirko S. Heinle, University of Pennsylvania

Clear and Liquid: The Difference Between Disclosure Accuracy and Disclosure Clarity
Efstathios Avdis, University of Alberta
Sanjay Banerjee, University of Alberta
Discussant: Mirko S. Heinle, University of Pennsylvania

Financial Misreporting: Hiding in the Shadows or in Plain Sight?
Delphine Samuels, Massachusetts Institute of Technology
Daniel Jeffrey Taylor, University of Pennsylvania
Robert E. Verrecchia, University of Pennsylvania
Discussant: Thomas Ruchti, Carnegie Mellon University

The Information in Implied Volatility Comovements: Evidence from Insider Trades and Aggregate Returns

Robert M. Bushman, The University of North Carolina at Chapel Hill
Vivek Raval, University of Illinois at Chicago
Sean Wang, Southern Methodist University
Discussant: Panos N. Patatoukas, University of California, Berkeley

4.06: Governance Mechanisms and Consequences
Accounting 1.8 CH
Moderator: Matthew R. Kubic, Duke University

Passive Investors are Passive Monitors
Daniele Macciocchi, The University of Utah
Roni Michaely, University of Geneva
Davidson Heath, The University of Utah
Matthew Ringgenberg, The University of Utah
Discussant: Zachary R. Kaplan, Washington University in St. Louis

Proprietary Information Leakage and Forced CEO Turnover: Evidence from a Quasi-Natural Experiment
Yupeng Lin, National University of Singapore
Hojun Seo, National University of Singapore
Discussant: Stephen A. Glaeser, The University of North Carolina at Chapel Hill

Trade Secrets Protection and Antitakeover Provisions
Aiyesha Dey, Harvard University
Joshua Tyler White, Vanderbilt University
Discussant: Stephen A. Glaeser, The University of North Carolina at Chapel Hill

4.07: Properties of Accounting Information
Accounting 1.8 CH
Moderator: Asher Curtis, University of Washington

Accounting Conservatism and Accounting-Based Risk Measurement
Marcus Burger, Idaho State University
Discussant: Akash Chattopadhyay, University of Toronto

Accounting Standard Precision, Monitoring Structure, and Misreporting
Li Fang, Iowa State University
Jeffrey Pittman, Memorial University of Newfoundland
Yinqi Zhang, American University
Yuping Zhao, University of Houston
Discussant: Asher Curtis, University of Washington

A Structural Break in the Aggregate Earnings-Returns Relation and Changes in Determinants of the Relation
Asher Curtis, University of Washington
Chang-Jin Kim, University of Washington
Hyung Il Oh, University of Washington, Bothell
Discussant: Zachary R. Kaplan, Washington University in St. Louis

4.08 Valuation of Intangible Assets
Accounting 1.8 CH
Moderator: Musaib Ashraf, The University of Arizona

Private Equity Valuation Before and After ASC 820
Peter Easton, University of Notre Dame
Stephannie A. Larocque, University of Notre Dame
Jennifer Lynn Sustersic Stevens, Ohio University
Discussant: Barrett Wheeler, Tulane University

Misvaluation of Trademarks
Po-Hsuan Hsu, The University of Hong Kong
Dongmei Li, University of South Carolina
Siew Hong Teoh, University of California, Irvine
Kevin Tseng, The University of Kansas
Discussant: Sarah E. McVay, University of Washington

Where Do Investor Relations Matter the Most?
Francois Brochet, Boston University
Peter Limbach, University of Cologne and Centre for Financial Research
Dmitry Bazhutov, University of Wuppertal
Andre Betzer, University of Wuppertal
Markus Doumet, University of Wuppertal
Discussant:
Aaron Yoon, Northwestern University

 3:30 pm - 4:00 pmBreak

 4:30 pm - 5:30 pm

Concurrent Sessions

5.01: Debt Contract Design and Financial Markets
Accounting 1.8 CH
Moderator: Barrett Wheeler, Tulane University

Does Recognition versus Disclosure Affect Debt Contract Design? Evidence from SFAS 158

Andrew Stephen McMartin, University of Miami
John Donovan, University of Notre Dame
Matthew Phillips, University of Miami
Discussant: Riddha Sattam Basu, Northwestern University

Financial Shocks and Corporate Investment Activity: The Role of Financial Covenants
Hans Christensen, The University of Chicago
Daniele Macciocchi, The University of Utah
Arthur Morris, New York University-Shanghai
Valeri Nikolaev, The University of Chicago
Discussant: John Donovan, University of Notre Dame

Asset-Level Transparency and the (E)valuation of Asset-Backed Securities
K. Philip Wang, University of Florida
Stephen G. Ryan, New York University
Jed Neilson, The Pennsylvania State University
Biqin Xie, The Pennsylvania State University
Discussant: Mei Cheng, The University of Arizona

5.02: Innovation and Disclosure
Accounting 1.8 CH
Moderator: Laura Swenson, University of Wisconsin–Milwaukee

Speech is Silver, but Silence is Golden: Information Suppression and the Promotion of Innovation
Kenneth Merkley, Indiana University
Discussant: Spencer Ryan Pierce, Florida State University

Deterrent Disclosure
Stephen A. Glaeser, The University of North Carolina at Chapel Hill
Wayne Landsman, The University of North Carolina at Chapel Hill
Discussant: Aaron Nelson, The University of Georgia

Advertising Rivalry and Discretionary Disclosure
Chuchu Liang, University of California, Irvine
Discussant: Kristian Dietrich Allee, University of Arkansas

5.03: Analysts and the Market
Accounting - 1.8 CH
Moderator: Rong Zhao, University of Calgary

An Analyst by Any Other Surname: Surname Favorability and Market Reaction to Analyst Forecasts

Jay Heon Jung, City, University of London
Alok Kumar, University of Miami
Sonya Lim, DePaul University
Choong-Yuel Yoo, KAIST Graduate School of Finance & Accounting
Discussant: Jennifer Wu Tucker, University of Florida

Short-Sellers and Analysts’ Withholding of Bad News
Yong Yu, The University of Texas at Austin
Wuyang Zhao, The University of Texas at Austin
Discussant: Steven Crawford, University of Houston

The Democratization of Investment Research: Implications for Retail Investor Profitability and Firm Liquidity
Michael Farrell, University of Kentucky
Clifton Green, Emory University
Russell Jame, University of Kentucky
Stanimir Markov, The University of Texas at Dallas
Discussant: Musa Subasi, University of Maryland

5.04: Stakeholders and Earnings Management
Accounting - 1.8 CH
Moderator: Jungbae Kim, New York University

Local Visibility Shocks to War Profiteers: New Tests of the Political Cost Hypothesis
Matthew Boland, Saint Mary’s University
David Godsell, University of Illinois at Urbana-Champaign
Discussant: Aneesh Raghunandan, The London School of Economics and Political Science

Stakeholder Orientation and Earnings Management: Evidence from a Natural Experiment
Huasheng Gao, Fanhai Fudan University
Yujing Ma, University of International Business and Economics
Ke Na, The University of Hong Kong
Hong Wu, The Hong Kong Polytechnic University
Discussant: Oded Rozenbaum, The George Washington University

How Do Firms Respond to Rivals' Corruption?

Claudia Marangoni, Lancaster University
Discussant: Jungbae Kim, New York University

5.05: Pricing Effects of New and Traditional Media
Accounting - 1.8 CH
Moderator: Claire Quinto, University of Oregon

Crowdsourced Financial Analysis and Information Asymmetry at Earnings Announcements
Enrique Gomez, The University of Georgia
Frank Heflin, The University of Georgia
James R. Moon, Jr., Georgia Institute of Technology
James Daniel Warren, The University of Georgia
Discussant: Elizabeth Blankespoor, University of Washington

Wisdom of the Crowd and Stock Price Crash Risk: Evidence from Social Media Activity of Investors
Miran Hossain, The University of North Carolina at Wilmington
Babak Mammadov, Clemson University
Seyed Hamidreza Vakilzadeh, Florida Atlantic University
Discussant: John L. Campbell, The University of Georgia

A New Approach to Studying Earnings Announcement Timing: Why Do Firms Change Earnings Announcement Dates?

Suzie Noh, Massachusetts Institute of Technology
Rodrigo Verdi, Massachusetts Institute of Technology
Eric C. So, Massachusetts Institute of Technology
Discussant: K. Ramesh, Rice University

5.06: Audit Adjustments and Quality
Accounting 1.8 CH
Moderator: Richard D. Mergenthaler, The University of Arizona

Do Audit Firms’ Internal Inspection Programs Have Teeth? Evidence from the U.S. Operations of the Largest Audit Firms
Daniel Aobdia, Northwestern University
Reining Petacchi, Georgetown University
Discussant: Nathan C. Goldman, The University of Texas at Dallas

The Effects of Audit Market Concentration and Auditor Reputation on Audit Quality: Evidence from Government Auditors
Zvi Singer, HEC Montreal
Johnathon Cziffra, HEC Montreal
Steve Fortin, McGill University
Discussant: Joseph H. Schroeder, Indiana University Bloomington

The Last Chance to Improve Financial Reporting Reliability: Evidence from Recorded and Waived Audit Adjustments
Preeti Choudhary, The University of Arizona
Kenneth Merkley, Indiana University
Katherine Schipper, Duke University
Discussant: Roy Schmardebeck, The University of Tennessee

5.07: Financing, Non-GAAP, and Audit
Accounting 1.8 CH
Moderator: Joseph H. Schroeder, Indiana University Bloomington

Auditor-Related Provisions in Private Loan Agreements, Audit Fees, and Audit Quality
Jacob Jaggi, The University of Arizona
Lin Cheng, The University of Arizona
Paul N. Michas, The University of Arizona
Jeffrey W. Schatzberg, The University of Arizona
Discussant: Matthew Phillips, University of Miami

Non-GAAP Earnings and Auditors’ Going Concern Opinions

Anne Albrecht, Texas Christian University
Zeyun (Jeff) Chen, Texas Christian University
Karen K. Nelson, Texas Christian University
Discussant: Jake Krupa, University of Miami

5.08: C-Suite and SEC Investigations
Accounting 1.8 CH
Moderator: Spencer N. Young, The University of Arizona

Corporate In-House Human Capital Investment in Accounting and Earnings Management
Xia Chen, Singapore Management University
Qiang Cheng, Singapore Management University
Travis Chow, Singapore Management University
Yanju Liu, Singapore Management University
Discussant: Xi Wu, New York University

The Impact of Audit Committee Information Technology Expertise on the Reliability and Timeliness of Financial Reporting
Musaib Ashraf, The University of Arizona
Paul N. Michas, The University of Arizona
Daniel Russomanno, The University of Arizona
Discussant: Phillip J. Quinn, University of Washington

Who’s on the Hot Seat for an SEC Investigation and How Do They Respond?
Eric Holzman, The Ohio State University
Nathan Thomas Marshall, University of Colorado Boulder
Brent Schmidt, The Ohio State University
Discussant: Christopher G. Yust, Texas A&M University

 

 5:30 pm - 6:45 pmReception
  

Note: The CPE Fields of Study curriculum is divided into twenty subject matter areas. These fields represent the primary knowledge and skill areas needed by accounting licensees to perform professional services in all fields of employment. Each Credit Hour is based on 50 minutes. The Program Level for each of these sessions is Basic, unless otherwise stated. Delivery Method: Group Live

American Accounting Association is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org

To register for this course, visit the Web site and register online or contact (941)-921-7747. For more information regarding refund, complaint and program cancellation policies, please contact our offices at (941)-921-7747