EIASM WORKSHOP ON ACCOUNTING AND ECONOMICS University of Southern Denmark, Odense, Denmark June 26 - June 27, 2014 PROGRAM Thursday, June 26 From 8:00 Registration Plenary I: Financial Accounting 9:00-9:15 Introduction Alfred Wagenhofer John Christensen Nikolaj Malchow-Møller (Department Chair) 9:15-10:30 Brian Mittendorf 10:30-11:00 Coffee Break A1 Fair-Value Accounting B1 Incentive Issues 11.00-12:30 Radhika Lunawat/Kira Pronin/Jack Stecher/Gaoqing Zhang: FAIR MARKET VALUE COULD HAVE CONTRIBUTED TO THE CRASH Discussant: Alexander Bleck Christian Hofmann/Gerald A. Feltham/Raffi J. Injejikian: PERFORMANCE AGGREGATION AND DECENTRALIZED CONTRACTING Discussant: Francois Larmande Jeff Downing: FAIR-VALUE ACCOUNTING: ASSET PURCHASES, SALES, AND PRICES IN FINANCIAL CRISES Discussant: Peter Ove Christensen Oliver M. Dürr/Jeff Dicken: INCENTIVE AND RISK EFFECTS OF A BONUS TAX Discussant: Stefan Schantl 12.30-13.30 Lunch A2 Real Earnings Management B2 Coordination 13.30-15.00 Murakemi Yutaro: ACCRUAL-BASED AND REAL EARNINGS MANAGEMENT IN DYNAMIC SETTING Discussant: Sandra Kukec Clemens Löffler/Thomas Pfeiffer: MARKET BASED TRANSFER PRICING, INTRA COMPANY COORDINATION AND COMPETITIVE BEHAVIOR ON THE INTERMEDIATE MARKET Discussant: Dae-Hee Yoon Anna Boisits: THE INTERACTION BETWEEN VOLUNTARY DISCLOSURE AND REAL EARNINGS MANAGEMENT Discussant: Jeroen Suijs Grete Oll: OPPORTUNISTIC DISCLOSURE IN THE INTER-ORGANIZATIONAL RELATIONSHIPS Discussant: Brian Mittendorf 15.00-15.30 Coffee Break
A3 Conservative Reporting B3 Multiple Players 15.30-17.45 Jochen Bigus/Hendrik Hakenes: DOES RELATIONSHIP LENDING REQUIRE OPAQUE (AND CONSERVATIVE FINANCIAL REPORTING Discussant: Xue Jia Svetlana Katolnik/Hendrik Hakenes: ON THE INCENTIVE EFFECT OF JOB ROTATION Discussant: Ulrich Schäfer Naomi Rothenberg: ACCOUNTING CONSERVATISM, PERFORMANCE MEASUREMENT, AND PRIVATE INFORMATION Discussant: Roland Königsgruber Qiang Guo/Christopher Koch/Aiyong Zhu: JOINT AUDIT AND AUDIT MARKET COMPETITION Discussant: Francesca Franco Francois Larmande: CONSERVATIVE ACCOUNTING, AGENT’S PARTICIPATION AND STEWARDSHIP VALUE OF INFORMATION Discussant: Hans Frimor Mathijs Van Peteghem: BEYOND DIVERSITY: A TALE OF FAULTLINES AND FRICTIONS IN THE BOARD OF DIRECTORS Discussant: Christina Dargenidou From 19.30 Dinner at Hotel H.C Andersen Friday, June 27 A4 Disclosure B4 Career Concerns 9.00-10.30 Sandra Kukec: THE SIGNALING USE OF PERFORMANCE COVENANTS IN DEBT CONTRACTS Discussant: Christian Hofmann Stefan Schantl: ANALYST’S CAREER CONCERNS, FORCAST BIASING AND FIRM COVERAGE SELECTION Discussant: Viktoria Diser Robin Litjens/Jeroen Suijs: SUPPLY AND DEMAND OF PROPRIETARY INFORMATION Discussant: Oliver M. Dürr Xiaojing Meng/Tiago Pinheiro/Haresh Sapra: OPTIMAL CONTRACTS AND CAREER CONCERNS WITH WINDOW DRESSING Discussant: Murakemi Yutaro 10:30-11:00 Coffee Break A5 Markets and Information B5 Relative Performance Evaluation 11.00-12:30 Alexander Bleck/Xuewen Liu: THE LIMITS OF MARKET BASED POLICY Discussant: Jeff Downing Dae-Hee Yoon: RELATIVE PERFORMANCE EVALUATION AND CORPORATE DISCRETIONARY DISCLOSURE Discussant: Anna Boisits
Peter Ove Christensen/Hans Frimor: PUBLIC INFORMATION AND EFFICIENT CAPITAL INVESTMENTS: IMPLICATIONS FOR THE COST OF CAPITAL AND FIRM VALUES Discussant: Jack Stecher Shane S. Dikolli/Viktoria Diser/Christian Hofmann/Thomas Pfeiffer: CEO POWER AND RELATIVE PERFORMANCE EVALUATION Discussant: Robert Göx 12.30-13.30 Lunch A6 Compensation B6 Political and Social Reporting 13.30-15:00 Mary Ellen Carter/Francesca Franco/Irem Tuna: COMPENSATION FOR ROLE-FIRM MATCHING IN THE EXCECUTIVE LABOR MARKET Discussant: Mathijs Van Peteghem Xue Jia/Jeroen Suijs: THE VALUE RELEVANCE OF CORPORATE SOCIAL RESPONSIBILITY REPORTING Discussant: Grete Oll Christoph Pelger/Ulrich Schäfer: MANDATORY DEFERRED COMPENSATION AND THE STEWARDSHIP PERSPECTIVE OF FINANCIAL ACCOUNTING Discussant: Naomi Rothenberg Roland Königsgruber: AN INTEGRATED ANALYSIS OF FIRM’S POLITICAL AND FINANCIAL REPORTING STRATEGY Discussant: Qiang Guo 15.00-15.30 Coffee Break Plenary II: Accounting Regulation 15.30-16.45 John Christensen 16.45-17.00 Closing John Christensen/Alfred Wagenhofer/Robert Göx