The MIT Asia Conference in Accounting

July 13 and 14, 2013, Shanghai, China

Hilton Shanghai Hotel
250 Hua Shan Road
Shanghai 200040, China

Saturday, July 13, 2013
2:00 pm On-site Registration Begins (Ballroom Foyer, 2nd floor)
4:30 pm – 5:30 pm

Poster Session (Ballroom Foyer, 2nd floor)

Customer-Supplier Relationships and Strategic Disclosures of Litigation Loss Contingencies
Ling Cen, Rotman School of Management, University of Toronto
Feng Chen, Rotman School of Management, University of Toronto
Yu Hou, Rotman School of Management, University of Toronto
Gordon Richardson, Rotman School of Management, University of Toronto

Determinants and Consequences of Audit Committee Effectiveness: Evidence from China
Hsihui Chang, Drexel University
Xin Chen, Shanghai Jiao Tong University
Nan Shou, State University of New York at Binghamton

Disclosure and Efficiency in Noise -Driven Markets
Bing Han, McCombs School of Business, the University of Texas at Austin
Yu-Jane Liu, Guanghua School of Management, Peking University
Ya Tang, Guanghua School of Management, Peking University
Liyan Yang, Rotman School of Management, University of Toronto
Lifeng Yu, Guanghua School of Management, Peking University

State-Stewardship Theory and Executive Compensation
Hao Liang, CentER Graduate School, Tilburg University
Luc Renneboog, CentER Graduate School, Tilburg University
Sunny Li Sun, Bloch School of Management, University of Missouri

5:30 pm – 6:30 pm Reception (Ballroom Foyer, 2nd floor)
6:30 pm – 7:30 pm Conference Dinner (Ballroom C, 2nd floor)
7:30 pm – 8:30 pm Industry Practitioner Keynote (Ballroom C, 2nd floor)
IASB Moving into a New Era: Achievements, New Initiatives, and Challenges
Wei-Guo Zhang, IFRS Foundation
Sunday, July 14, 2013
8:00 am – 8:30 am Registration (Ballroom Foyer, 2nd floor)
8:00 am – 8:30 am Breakfast Station/Coffee (Ballroom Foyer, 2nd floor)
8:30 am – 10:00 am

First Parallel Sessions

Session 1: Auditing (Ballroom C, 2nd floor)

Session Moderator: Francois Brochet, Harvard Business School, Harvard University

Change for Change’s Sake: Does Mandatory Partner Rotation Improve Audit Quality? (PDF)
Clive Lennox, Nanyang Business School
Wu Xi, CUFE
Tianyu Zhang, The Chinese University of Hong Kong
DISCUSSANT: Agnes Cheng, Hong Kong Polytechnic University

Mandatory Audit Partner Rotation and Audit Quality: Effect of Personal Relationships between Audit Partners (PDF)
Xu Li, University of Hong Kong
Haoran Xu, Renmin University of China
Min Zhang, Renmin University of China
DISCUSSANT: Zhaoyang Gu, Chinese University of Hong Kong

Executive Equity Risk-Taking Incentives and Audit Service Pricing (PDF)
Yangyang Chen, Monash University
Ferdinand Gul, Monash University
Madhu Veeraraghavan, Monash University
Leon Zolotoy, Melbourne Business School, University of Melbourne
DISCUSSANT: Clive Lennox, Nanyang Business School

Session 2: Accounting Conservatism and Financial Reporting (Shanghai & Guangzhou Room, 2nd floor)

Session Moderator: Joanna Wu, Simon Graduate School of Business, University of Rochester

Does Accounting Conservatism Impede Corporate Innovation? (PDF)
Xin Chang, Nanyang Business School
Gilles Hilary, INSEAD
Jun-Koo Kang, Nanyang Technological University
Wenrui Zhang, Xiamen University
DISCUSSANT: Luo Zuo, MIT Sloan School of Management

Blockholder Heterogeneity and Financial Reporting Quality (PDF)
Yiwei Dou, New York University
Ole-Kristian Hope, University of Toronto
Wayne B. Thomas, University of Oklahoma
Youli Zou, University of Toronto
DISCUSSANT: Sanjay Kallapur, Indian School of Business

Mandatory IFRS Adoption and Accounting Conservatism (PDF)
Bin Ke, Nanyang Technological University
Danqing Young, The Chinese University of Hong Kong
Zili Zhuang, The Chinese University of Hong Kong
DISCUSSANT: Haifeng You, HKUST

10:00 am – 10:30 am Coffee Break (Ballroom Foyer, 2nd Floor)
 
10:30 am – 12:00 pm

Second Parallel Sessions

Session 3: Information and Capital Market (Ballroom C, 2nd floor)

Session Moderator: Amy Zang, HKUST

Mandatory vs. Voluntary Management Earnings Forecasts in China (PDF)
Xiaobei (Beryl) Huang, University of International Business and Economics
Xi Li, Temple University
Senyo Tse, Mays Business School, Texas A&M University
Jennifer Wu Tucker, Fisher School of Accounting, University of Florida
DISCUSSANT: Eric Yeung, Cornell University

Cultural Proximity and the Processing of Financial Information (PDF)
Qianqian Du, Shanghai Advanced Institute of Finance, Shanghai Jiaotong University
Xiaoyun Yu, Kelley School of Business, Indiana University
DISCUSSANT: Eric Yeung, Cornell University

Default Prediction Around the World: The Effect of Constraints on Pessimistic Trading (PDF)
Mark Maffett, Booth School of Business, The University of Chicago
Edward Owens, Simon School of Business, University of Rochester
Anand Srinivasan, National University of Singapore
DISCUSSANT: Francois Brochet, Harvard Business School, Harvard University

Session 4: Contracting and Financial Reporting (Shanghai & Guangzhou Room, 2nd floor)

Session Moderator: Sudarshan Jayaraman, Olin Business School, Washington University in St. Louis

Dynamic Threshold Values in Earnings-Based Covenants (PDF)
Ningzhong Li, University of Texas at Dallas
Florin Vasvari, London Business School
Regina Wittenberg-Moerman, University of Chicago
DISCUSSANT: Franco Wong, INSEAD

Performance Measures in CEO Annual Bonus Contracts (PDF)
Ying Huang, University of Texas at Austin
Ningzhong Li, University of Texas at Dallas
Jeff Ng, Chinese University of Hong Kong
DISCUSSANT: Joanna Wu, Simon Graduate School of Business, University of Rochester

Business Model Shocks and Abnormal Accrual Models (PDF)
Ed Owens, Simon Graduate School of Business, University of Rochester
Joanna Wu, Simon Graduate School of Business, University of Rochester
Jerry Zimmerman, Simon Graduate School of Business, University of Rochester
DISCUSSANT: Franco Wong, INSEAD

12:15 pm – 1:30 pm Conference Lunch (Ballroom A&B, 2nd floor)
1:30 pm – 2:30 pm Academic Keynote (Ballroom A&B, 2nd floor)
Understanding Practice & Institutions
Ross L. Watts, MIT Sloan School of Management
 
2:45 pm – 4:15 pm

Third Parallel Sessions

Session 5: Corporate Financial Policies and Managerial Decision-Making (Ballroom C, 2nd floor)

Session Moderator: Gary Biddle, Hong Kong University

Wealth Transfers via Equity Transactions (PDF)
Richard G. Sloan, University of California, Berkeley
Haifeng You, Hong Kong University of Science and Technology
DISCUSSANT: Daniel Cohen, Naveen Jindal School of Management, University of Texas at Dallas

Why Do Firms Hold Less Cash? (PDF)
Daniel Cohen, Naveen Jindal School of Management, University of Texas at Dallas
Bin Li, Naveen Jindal School of Management, University of Texas at Dallas
DISCUSSANT: Mark Maffett, Booth School of Business, The University of Chicago

Shaped By Booms and Busts: How the Economy Impacts CEO Careers and Management Styles (PDF)
Antoinette Schoar, MIT Sloan School of Management, MIT
Luo Zuo, MIT Sloan School of Management, MIT
DISCUSSANT: Mark Maffett, Booth School of Business, The University of Chicago

Session 6: Firm Valuation (Shanghai & Guangzhou Room, 2nd floor)

Session Moderator: Clive Lennox, Nanyang Business School

Insider Sentiment and Market Returns Around the World (PDF)
Francois Brochet, Harvard Business School, Harvard University
DISCUSSANT: Jeff Ng, The Chinese University of Hong Kong

Bribes and Firm Value—Evidence from Anti-Bribery Regulation (PDF)
Stefan Zeume, INSEAD
DISCUSSANT: Jeff Ng, The Chinese University of Hong Kong

Valuation of Innovative Assets: Evidence from Cisco’s Acquisitions (PDF)
Chandra Sekhar Mangipudi, Indian School of Business
Krishnamurthy Subramanian, Indian School of Business
Rajkamal Vasu, Indian School of Business
DISCUSSANT: Charlie Wang, Harvard Business School, Harvard University

4:30 pm – 5:30 pm Reception & Best Paper Awards (Galerie Shanghai, 40th floor)
 
5:30 pm Conference End

Program subject to change