Accounting Sessions
Friday, November 14
Lunch: 12:00 PM - 1:30 PM, Salon CSession 1: Auditing (Bill Kinney, University of Texas at Austin) 1:30 PM - 3:00 PM
Auditor Independence in a Private Firm Setting (Ole-Kristian Hope, University of Toronto; John Christian Langli, Norwegian School of Management)
Discussant: Shuping Chen, University of Texas at Austin
Auditor-provided Tax Services and ‘Last-chance’ Earnings Management: The Importance of Audit Committees (Ling Lei, George Mason University)
Discussant: Lil Mills, University of Texas at Austin
Auditor Tenure and Auditor Change: Does Mandatory Auditor Rotation Really Improve Audit Quality? (Mara Cameran, Università Bocconi; Annalisa Prencipe, Università Bocconi; Marco Trombetta, Instituto de Empresa )
Discussant: Ting Wang, University of Texas at Austin
Session 2: Corporate Governance (Bikki Jaggi, Rutgers University) 3:30 PM - 5:00 PM
The Effect of Corporate Governance on Liquidity: Voluntary Disclosure, Analyst Coverage, and Adverse Selection as Mediating Mechanisms (Beng Wee Goh, Singapore Management University; Jeffrey Ng, Massachusetts Institute of Technology; Kevin Ow Yong, Singapore Management University)
Discussant: Suresh Radhakrishnan, University of Texas at Dallas
Value Relevance of FAS 157 Fair Value Hierarchy Information and the Impact of Corporate Governance Mechanisms (Chang Joon Song, Virginia Polytechnic Institute and State University; Wayne B. Thomas, University of Oklahoma; Han Yi, University of Oklahoma)
Discussant: Bharat Sarath, Baruch College and Rutgers University--New Brunswick
Is Board Structure One-size-fits-all? The Unintended Informational Consequence of the Sarbanes-Oxley Act (Huijing Fu, Texas Christian University; Xiaoyun Yu, Indiana University)
Discussant: Suresh Govindaraj, Rutgers University--Newark
Reception (cash bar): 6:00 PM - 7:00 PM – Sponsored by CRA International
Dinner: 7:00 PM - 9:00 PM
Keynote Speaker: Dave Larcker, Stanford University
Saturday Morning, November 15
Breakfast: 7:30 AM - 8:30 AM - Foyer outside Classrooms 101 & 102Session 3: Valuation (Randy Beatty, University of Southern California) 8:30 AM - 10:00 AM
Competitive Advantages and the Effect on Future Firm-Specific Profitability (Victoria Dickinson, University of Florida; Gregory A. Sommers, Southern Methodist University)
Discussant: Dana Hollie, University of Colorado at Boulder
Do Managers Use Pro Forma Earnings Disclosures to Cater to Investor Sentiment (Nerissa Brown, University of Southern California; Theodore E. Christensen, Brigham Young University; W. Brooke Elliott, University of Illinois at Urban-Champaign; Richard D. Mergenthaler, University of Iowa)
Discussant: John McInnis, University of Texas at Austin
Value of Cash Holdings and Accounting Conservatism (Henock Louis, Penn State University; Oktay Urcan, London Business School)
Discussant: Sunny Yang, University of Texas at Austin
Session 4: Financial Analysts (Senyo Tse, Texas A&M University) 10:30 AM - 12:00 PM
What Drives Sell-Side Analyst Compensation at High-Status Banks? (Boris Groysberg, Harvard University; Paul Healy, Harvard University; David Maber, Harvard University)
Discussant: Jenny Tucker, University of Florida
Earnings Announcement Disclosures that Help Analysts Forecast Earnings (Orie E. Barron, Penn State University; Donal Byard, Baruch College; Yong Yu, University of Texas at Austin)
Discussant: Nate Sharp, Texas A&M University
Analyst Reputation and the Issuance of Disaggregated Earnings Forecasts to I/B/E/S (Yonca Ertimur, Duke University; William J. Mayew, Duke University; Stephen R. Stubben, University of North Carolina)
Discussant: Praveen Sinha, Chapman University
Saturday Afternoon, November 15
Lunch: 12:00 PM - 1:30 PMSession 5: Disclosure, in memory of Walt Blacconiere (Teri Yohn, Indiana University) 1:30 PM - 3:00 PM
The Information Content of Earnings Announcement: A Price and Trading Volume Analysis (Orie E. Barron, Penn State University; Donal Byard, Baruch College; Yong Yu, University of Texas at Austin)
Discussant: Melissa Lewis, University of Utah
Managers’ Use of Pessimistic Tone Across Alternative Disclosure Outlets (Angela K. Davis, University of Oregon; Isho Tama-Sweet, Oregon)
Discussant: Paul Simko, University of Virginia
The Association between Management Earnings Forecast Errors and Accruals (Guojin Gong, Penn State University; Laura Yue Li, University of Illinois at Urbana-Champaign; Hong Xie, Syracuse University)
Discussant: Jim Wahlen, Indiana University
Session 6: Earnings Management (Jeff Abarbanell, University of North Carolina at Chapel Hill) 3:30 PM - 5:00 PM
Why Do CFOs Become Involved in Material Accounting Manipulations? (Mei Feng, University of Pittsburgh; Weili Ge, University of Washington; Shuqing Luo, University of Pittsburgh; Terry Shevlin, University of Washington)
Discussant: Christine Petrovits, New York University
Valuing Employee Stock Options: Do Managers Use Lattice Models to Understate Option Values? (Brian Bratten, University of Texas at Austin; Ross Jennings, University of Texas at Austin; Casey Schwab, University of Texas at Austin)
Discussant: Thomas Hemmer, University of Houston
Earnings Management Around Initial Public Offerings: A Re-examination (Chris Armstrong, University of Pennsylvania; George Foster, Stanford University; Dan Taylor, Stanford University)
Discussant: Andy Leone, University of Miami
