Chair: Elizabeth Gutierrez, Universidad de Chile

Banks' Discretion over the Debt Valuation Adjustment for Own Credit Risk
Minyue Dong, University of Lausanne; Leonidas Doukakis, University of Lausanne; Stephen G. Ryan, New York University
Presenter: Minyue Dong, University of Lausanne
Discussant: Cathy Shakespeare, University of Michigan

Chair: Francisco Marcet, Universidad de Chile

Accounting Conservatism and Bankruptcy Risk
Gary C. Biddle, University of Melbourne; Mary L. Z. Ma, York University; Frank M. Song, University of Hong Kong
Presenter: Gary C. Biddle, University of Melbourne
Discussant: Senyo Tse, Texas A&M University

1.01 Audit Regulation (Sala P-201)

Chair: Marleen Willekens, KU Leuven and BI Norwegian Business School

Audit Regulation and Financial Reporting Quality in the Financial Sector: Evidence from the Staggered Implementation of the 2006 EU Audit Directive
Ines Simac, KU Leuven; Marleen Willekens, KU Leuven and BI Norwegian Business School
Presenter: Marleen Willekens, KU Leuven and BI Norwegian Business School

The Impact of PCAOB-Type Regulations on Auditors under Different Legal Systems
Minlei Ye, University of Toronto; Dan A. Simunic, University of British Columbia;
Presenter: Minlei Ye, University of Toronto

The effect of accounting and auditing standards on going concern disclosures
Jean Bédard, Laval University; Carl Brousseau, Laval University; Ann Vanstraelen, Maastricht University
Presenter: Jean Bédard, Laval University

1.02 Earning Announcements (Sala P-203)

Chair: Erv Black, University of Oklahoma

Is there evidence of post-earnings announcement drift in Latin America?
Erv Black, University of Oklahoma;
Presenter: Erv Black, University of Oklahoma

Earnings Manipulation or Investor Scrutiny – Why does the Market Discount Earnings Announced Late?
Linda H. Chen, University of Idaho; George J. Jiang, Washington State University; Kevin X. Zhu, Xi'an Jiaotong-Liverpool University
Presenter: Kevin X. Zhu, Xi'an Jiaotong-Liverpool University

The Sentiment Signal: What Is It and Who Are These People?
Adam Booker, University of Arkansas; Vernon J. Richardson, University of Arkansas
Presenter: Adam Booker, University of Arkansas

1.03 Banking (Sala P-302)

Chair: Martien Lubberink, Victoria University of Wellington

The Value Relevance of Regulatory Capital Components
Martien Lubberink, Victoria University of Wellington; Roger Willett, Victoria University of Wellington
Presenter: Martien Lubberink, Victoria University of Wellington

Is Accounting Enforcement Related to Risk-taking in the Banking Industry? Cross-country Evidence from the Pre-crisis and Post-crisis Periods
Lorenzo Dal Maso, ESSEC Business School; Kiridaran Kanagaretnam, York University; Gerald J. Lobo, University of Houston; Francesco Mazzi, University of Florence
Presenter: Lorenzo Dal Maso, ESSEC Business School

Deposit insurance and financial intermediaries: Impacts on the market discipline of Brazilian banking industry
Marilia Pinheiro Ohlson, University of São Paulo; Geraldo Augusto Sampaio Franco De Lima, University of Illinois at Urbana-Champaign; Tony Takeda, Central Bank of Brazil
Presenter: Marilia Pinheiro Ohlson, University of São Paulo

1.04 Auditing - Other I (Sala P-305)

Chair: Joseph H. Zhang, The University of Memphis

Auditor Style and Financial Reporting Similarity
Joseph A. Johnston, Illinois State University; Joseph H. Zhang, The University of Memphis
Presenter: Joseph H. Zhang, The University of Memphis

Does Insider Trading Affect Auditors' Risk Assessments? Evidence from Audit Pricing
Sabrina Chi, Texas Tech University; Jaclyn Prentice, Oklahoma State University
Presenter: Jaclyn Prentice, Oklahoma State University

Do audit findings have informational value for investors? Evidence from insider trading in the era of the expanded auditor's report in the United Kingdom
Elizabeth Gutiérrez, Universidad de Chile; Adriana Korczak, University of Bristol; Joseph H. Schroeder, Indiana University; María Vulcheva, Florida International University
Presenter: Elizabeth Gutiérrez, Universidad de Chile

1.05 Analysts (Sala P-301)

Chair: Kristian Allee, University of Arkansas

The Quality of Independent Analysts' Firm Value Estimates: Recen Evidence from Price Targets
Kristian Allee, University of Arkansas; Devon Erickson, Utah State University; Adam Esplin, The University of Texas at El Paso; Stephannie Larocque, University of Notre Dame
Presenter: Kristian Allee, University of Arkansas

Insider trading under different signals of sell-side analysts
Harold Contreras, Universidad de Chile; Francisco Marcet, Universidad de Chile
Presenter: Francisco Marcet, Universidad de Chile

The speed with which analysts incorporate firm-specific and industry information in their forecasts: Evidence and implications
Sami Keskek, Florida State University; Senyo Tse, Texas A&M University
Presenter: Senyo Tse, Texas A&M University

2.01 Disclosure I (Sala H-201)

Chair: Jeffrey Ng, The Hong Kong Polytechnic University

Does the Arrival of Investment Opportunities Promote or Deter Firm Disclosures? Evidence from Medicare National Coverage Decisions
Yuan Ji, Montana State University; Jeffrey Ng, The Hong Kong Polytechnic University; Tharindra Ranasinghe, University of Maryland
Presenter: Jeffrey Ng, The Hong Kong Polytechnic University

Why Are Known Material Weaknesses In Internal Controls Associated With Increased Financial Misstatement Risk?
Christopher Calvin, University of Dayton
Presenter: Christopher Calvin, University of Dayton

Information Response in Shareholder Activism
Duo Pei, Rutgers Business School
Presenter: Duo Pei, Rutgers Business School

2.02 Earnings Management (Sala H-202)

Chair: Joseph R. Rakestraw, Florida Atlantic University

Potential Prison Time and Earnings Management
Claire Costin, University of Portland; Joseph R. Rakestraw, Florida Atlantic University
Presenter: Joseph R. Rakestraw, Florida Atlantic University

The Monitoring Role of the Media: Evidence from Earnings Management
Jingran Zhao, Hong Kong Polytechnic University
Presenter: Jingran Zhao, Hong Kong Polytechnic University

Profit Status of Microfinance Institution and Incentives for Earnings Management
Rodrigo de Oliveira Leite, Rio de Janeiro State University; L.S. Mendes, Brazilian School of Public and Business Administration; R.L. Moreira, Federal University of Espírito Santo
Presenter: Rodrigo de Oliveira Leite, Rio de Janeiro State University

2.03 Tax Avoidance (Sala H-203)

Chair: Mark Anderson, University of Calgary

Corporate Tax Avoidance and Customer Satisfaction
Sina Rahiminejad, University of Calgary; Mark Anderson, University of Calgary; Hussein Warsame, University of Calgary; Harun Rashid, University of Calgary
Presenter: Mark Anderson, University of Calgary

Is the Zero-leverage Phenomenon "Mysterious": An Investigation of Zero-leverage firms' Tax Avoidance Behavior
Shawn Xu, University of Wyoming
Presenter: Shawn Xu, University of Wyoming

Effect of Audit Firm Membership in Alliances, Associations and Networks on Tax Avoidance – International Evidence
C.S. Agnes Cheng, The Hong Kong Polytechnic University; Chih-Chieh Hsieh, The Hong Kong Polytechnic University; Xiao Li, Central University of Finance and Economics
Presenter: Chih-Chieh Hsieh, The Hong Kong Polytechnic University

2.04 Financing (Sala H-204)

Chair: Zili Zhuang, Chinese University of Hong Kong

Media Coverage and Debt Financing
C.S. Agnes Cheng, Hong Kong Polytechnic University; Liangliang Jiang, Hong Kong Polytechnic University; Wei-Ling Song, Louisiana State University;
Presenter: Wei-Ling Song, Louisiana State University

Operating leverage and bond yield spreads: Differentiating between cash and accrual operating leverage
Ting-Kai Chou, National Cheng Kung University; Henock Louis, Penn State University; Zili Zhuang, Chinese University of Hong Kong
Presenter: Zili Zhuang, Chinese University of Hong Kong

Trade Credit and Cost Stickiness
Mabel D'Costa, Massey University; Ahsan Habib, Massey University
Presenter: Mabel D'Costa, Massey University

2.05 Audit Effort (Sala P-301)

Chair: Helen Brown-Liburd, Rutgers University

Audit Risk Management and Effort: An Examination of Small Audit Firms in Spain
Isabel Martinez-Conesa, Universidad de Murcia; Emiliano Ruiz-Barbadillo, University of Cadiz; José Serrano-Madrid, Universidad de Murcia; Helen Brown-Liburd, Rutgers University
Presenter: Helen Brown-Liburd, Rutgers University

Career concern, earnings management and audit effort
Gino Loyola, Universidad de Chile; Yolanda Portilla, Universidad Nacional Andrés Bello
Presenter: Yolanda Portilla, Universidad Nacional Andrés Bello

The effect of previous audit adjustments on Audit Pricing: The Mediating Effect of Auditor Effort
Songsheng Chen, Beijing Institute of Technology; Zhili Tian, Beijing Institute of Technology; Li Yao, Concordia University
Presenter: Li Yao, Concordia University

Chair: Karina Chandia, Universidad Santiago de Chile

CEO Pay Components and Aggressive Non-GAAP Earnings Disclosure
Dirk E. Black, University of Nebraska Lincoln; Ervin L. Black, University of Oklahoma; Theodore E. Christensen, University of Georgia; Kurt H. Gee, Financial Accounting Standards Board and Smeal College of Business Penn State
Presenter: Dirk E. Black, University of Nebraska Lincoln
Discussant: Mark T. Bradshaw, Boston College

3.01 Corporate Social Responsibility (Sala H-301)

Chair: An Yan, Fordham University

Catering Incentive in Corporate Social Responsibility Investment
Jie Jiao, Tsinghua University; Ling Tong, Fordham University; An Yan, Fordham University
Presenter: An Yan, Fordham University

Corporate Social Responsibility and Shareholder Trust: Evidence from Shareholder Governance Proposals
Valentin Dimitrov, Rutgers University; Feng Gao, Rutgers University
Presenter: Valentin Dimitrov, Rutgers University

3.02 Other Topics in Accounting I (Sala H-302)

Chair: Steve Lin, Florida International University

Where is the Line? The Effect of Narrowed Scope of Discontinued Operations on Earnings Quality and Analysts' Forecasts
Chao Kang, Cornell University; Steve Lin, Florida International University ; P. Eric Yeung, Cornell University
Presenter: Steve Lin, Florida International University

The Relationship between Product and Process Innovation and Operating Performance: The Moderating Role of Strategic Positioning
Mark Anderson, University of Calgary; Rajiv Banker, Temple University
Soonchul Hyun, The University of North Caroline at Greensboro
Presenter: Soonchul Hyun, The University of North Caroline at Greensboro

3.03 Other Topics in Accounting II (Sala P-301)

Chair: Stephani A. Mason, Depaul University

Toward Occupational Closure: A Study of Professionalism and Its Implications among Valuation Service Providers
Dereck Barr-Pulliam, University of Wisconsin-Madison; Stephani A. Mason, Depaul University; Kerri-Ann Sanderson, Bentley University
Presenter: Stephani A. Mason, Depaul University

Descentralization, groupthink, and Productivity: Evidence from the Author Collaboration Networks of Accounting Researchers
John L. Campbell, University of Georgia; Wesley Mendes-Da-Silva, Fundação Getulio Vargas
Presenter: Wesley Mendes-Da-Silva, Fundação Getulio Vargas

Chair: Rodrigo Wagner, Universidad Adolfo Ibañez

Once Bitten, Twice Shy: The Effects of Board Interlocks with an Allegedly Fraudulent Company on Audit Fees
Mariya N. Ivanova, Stockholm School of Economics; Annalisa Prencipe, Bocconi University
Presenter: Mariya Ivanova, Stockholm School of Economics
Discussant: Marleen Willekens, KU Leuven Faculty of Economics and Business

4.01 Disclosure II (Sala H-103)

Chair: Ji-Chai Lin, The Hong Kong Polytechnic University

Can Firms Break Investors' 52-Week High Anchoring Bias?
Ji-Chai Lin, The Hong Kong Polytechnic University; Fengfei Li, The Hong Kong Polytechnic University; Tse-Chun Lin, The Hong Kong Polytechnic University; Longfei Shang, The Hong Kong Polytechnic University
Presenter: Ji-Chai Lin, The Hong Kong Polytechnic University

Moving on to Greener Pastures? Evidence from Financial Misreporting and Employee Commitment
Xinghua Gao, Washington State University; Yonghong Jia, Iowa State University
Presenter: Yonghong Jia, Iowa State University

Dupont Analysis and Firm Life Cycle
Dongning Yu, University of Calgary; Soonchul Hyun, University of North Carolina at Greensboro; Mark Anderson, University of Calgary
Presenter: Mark Anderson, University of Calgary

4.02 Auditing - Other II (Sala H-202)

Chair: Norman Massel, Louisiana State University

The Joint Effect of Investor Protection Regimes and Big 4/non-Big 4 Auditors on Audit Quality: Evidence from Initial Public Offerings in the U.S. Market
Norman Massel, Louisiana State University; Jungeun (JP) Park, University of Nebraska – Omaha; Kenneth J. Reichelt - Louisiana State University
Presenter: Norman Massel, Louisiana State University

Political Contributions and the Auditor-Client Relationship
Frank Heflin, University of Georgia; Dana Wallace, University of Central Florida
Presenter: Dana Wallace, University of Central Florida

Perceived Audit Independence and Audit Market Structure
Claudio Bonilla, Universidad de Chile; Harold López, Universidad de Chile; J. Reed Smith, Indiana University; Samuel Tiras, Indiana University
Presenter: Harold López, Universidad de Chile

4.03 Bank Holding Companies (Sala H-203)

Chair: Wei-Ling Song, Lousiana State University

Flow Toxicity and Bank Equity Holdings
Wei-Ling Song, Louisiana State University; Jianfeng Hu, Singapore Management University; Gary C. Sanger, Louisiana State University; Jiun-Lin Chen, Valparaiso University
Presenter: Wei-Ling Song, Louisiana State University

Auditing the Derivative Usage of Bank-Holding Companies
Stephanie Hairston, Georgia Southern University; Joseph A. Johnston, Illinois State University; Joseph H. Zhang, University of Memphis
Presenter: Stephanie Hairston, Georgia Southern University

The Impact of Short-selling Threats on Bank Holding Companies' Loss Recognition and Risk Taking
Danqi Hu, Northwestern University; Wei Li, The University of Adelaide; Scott Liao, University of Toronto; YunYan Zhang, The University of Adelaide
Presenter: YunYan Zhang, The University of Adelaide

4.04 Social Network (Sala H-303)

Chair: Minna Martikaine, Hanken School of Economics

Corporate Insider Trading and Social Networks
Jyri Kinnunen, Hanken School of Economics; Minna Martikaine, Hanken School of Economics
Presenter: Minna Martikaine, Hanken School of Economics

Social Connections and Information Leakage: Evidence from Target Stock Price Run-Ups in Takeovers
Iftekhar Hasan, Fordham University; Ling Tong, Fordham University; An Yan, Fordham University
Presenter: An Yan, Fordham University

How Do Social Norms Affect Financial Decisions? Religion and Insider Trading Profits
Harold Contreras, Universidad de Chile; Adriana Korczak, University of Bristol; Piotr Korczak, University of Bristol
Presenter: Harold Contreras, Universidad de Chile

4.05 New Frontiers in Accounting (Sala p-302)

Chair: Bharat Sarath, Rutgers University

Stock Market Returns and GDP News
Panos Patatoukas, University of California, Berkeley
Presenter: Panos Patatoukas, University of California, Berkeley

A new approach to investigate dividend smoothing: Theoretical and empirical evidence
Cheng-Few Lee, Rutgers University; James Juichia Lin, National Chiao Tung University
Presenter: Cheng-Few Lee, Rutgers University

The First Mile Problem": Deriving an Endogenous Demand for Auditing in Blockchain-based Business Processes
Michael Alles, Rutgers University; Glen L. Gray, California State University, Northridge
Presenter: Michael Alles, Rutgers University

5.01 Disclosure III (Sala P-207)

Chair: Jacob Thomas, Yale University

Measuring the information content of accounting disclosure
Jacob Thomas, Yale University; Frank Zhang, Yale University; Wei Zhu, University of Illinois
Presenter: Jacob Thomas, Yale University

Should Managers' Quarterly Earnings Guidance be Eliminated?
Matthew Hart, Texas Tech University
Presenter: Matthew Hart, Texas Tech University

The Association of the Relative Informativeness of Market Risk Disclosures with Stock Liquidity
Mark Kohlbeck, Florida Atlantic University; Xin Luo, Marquette University
Presenter: Xin Luo, Marquette University

5.02 Financial Reporting Quality (Sala H-203)

Chair: Theodore E. Christensen, University of Georgia

Patterns in Accruals Quality over Time: Is the Sky Really Falling?
Theodore E. Christensen, University of Georgia; Jenna D' Adduzio, University of Georgia; Karen K. Nelson, Texas Christian University
Presenter: Theodore E. Christensen, University of Georgia

Earnings Quality and Corporate Governance
Vasiliki Athanasakou, Saint Mary's University; Per Olsson, ESTM Berlin
Presenter: Per Olsson, ESTM Berlin

The Role of Financial Reporting Quality in Worldwide Access to Credit
Rebel A. Cole, Florida Atlantic University; Tracie S. Frost, Florida Atlantic University
Presenter: Tracie S. Frost, Florida Atlantic University

5.03 Audit Fees (Sala H-307)

Chair: Troy J. Pollard, University of Alabama

Audit Quality on Asymmetry of Audit Fees on Audit Hours
Yeonhee Park, Kongju National University; Jeongho Koo, Kumoh National Institute of Technology
Presenter: Jeongho Koo, Kumoh National Institute of Technology

Are the Big 4 Firms Homogeneous? Further Evidence from Audit Pricing
Karel Hrazdil, Simon Fraser University; Dan A. Simunic, Simon Fraser University; Nattavut Suwanyangyuan, Brock University
Presenter: Nattavut Suwanyangyuan, Brock University

Audit fees and Change in Foreign Private Issuer Status
Brian M. Burnett, Biola University; Bjorn N. Jorgensen, London School of Economics and Political Science; Troy J. Pollard, University of Alabama
Presenter: Troy J. Pollard, University of Alabama

5.04 Investment (Sala P-203)

Chair: Rajiv Banker, Temple University

Contra-Cyclical Investment Strategy in the Oil and Gas Industry
Mark Anderson, University of Calgary, Rajiv Banker, Temple University, Yan Ma, University of Calgary; Han-Up Park, University of Saskatchewan
Presenter: Rajiv Banker, Temple University

The Effect of Loan Loss Recognition Timeliness in the Banking System on Firms' Investment Efficiency
Muhabie Mekonnen Mengistu, The Hong Kong Polytechnic University; Jeffrey Ng, The Hong Kong Polytechnic University
Presenter: Muhabie Mekonnen Mengistu, The Hong Kong Polytechnic University

The Effects of Targets' Non-GAAP Disclosures on M&A Efficiency
Frank Heflin, University of Georgia; Patrick W. Ryu, University of Georgia; Jasmine Wang, University of Georgia
Presenter: Patrick W. Ryu, University of Georgia

5.05 Earnings property (Sala P-302)

Chair: R. Jared DeLisle, Utah State University

Passive Ownership and Financial Reporting Quality
Ahmed Baig, Texas Tech University; R. Jared DeLisle, Utah State University; Gulnara R. Zaynutdinova, West Virginia University
Presenter: R. Jared DeLisle, Utah State University

Fixing the Core, Earnings Management and Sustainable Emergence from Financial Distress: Evidence from China's Special Treatment System
Janus Jian Zhang, The Hong Kong Polytechnic University; Jiao Jing, The Hong Kong Polytechnic University; Kenneth Leung, The Hong Kong Polytechnic University; Jeffrey Ng, The Hong Kong Polytechnic University
Presenter: Jeffrey Ng, The Hong Kong Polytechnic University

Institutional investors, IFRS adoption and earnings properties
Adriana Cabello, Universidad de Chile; Mauricio Jara, Universidad de Chile
Harold López, Universidad de Chile
Presenter: Adriana Cabello, Universidad de Chile

Chair: Harold Lopez Universidad de Chile

Does corporate site visits constraint real earnings management?
C.S. Agnes Cheng, Hong Kong Polytechnic University; Xiaoqi Chen, The Hong Kong Polytechnic University; David C. Broadstock, The Hong Kong Polytechnic University
Presenter: C.S Agnes Cheng, The Hong Kong Polytechnic University
Discussant: Douglas J. Skinner, The University of Chicago

Chair: Harold Contreras Universidad de Chile

The Pecking Order and Financing Decisions: Evidence from Changes to Financial Reporting Regulation
Patricia Naranjo, Rice University; Daniel Saavedra, University of California, Los Angeles; Rodrigo S. Verdi, Massachusetts Institute of Technology
Presenter: Patricia Naranjo, Rice University
Discussant: Mohan Venkatachalam, Duke University