EIASM WORKSHOP ON ACCOUNTING AND ECONOMICS IE Building, Segovia, Spain June 7 - June 8, 2012 PROGRAM Thursday, June 7 From 8:00 Registration Plenary I: Financial Accounting 9:00-9:15 Introduction Alfred Wagenhofer Marco Trombetta 9:15-10:30 Haresh Sapra: The Dark Side of Financial Reporting Transparency 10:30-11:00 Coffee Break A1 Incentive contracts B1 Management accounting 11.00-12:30 Jonathan Glover: EXPLICIT AND IMPLICIT INCENTIVES FOR MULTIPLE AGENTS Discussant: Christian Hoffmann Eva Labro/Vic Anand/ Ramji Balakrishnan: EQUILIBRIUM COST SYSTEMS Discussant: John Christensen Naomi Rothenberg/ Christian Hofmann: INTERIM PERFORMANCE MEASURES AND PRIVATE INFORMATION Discussant: Richard Souma Ehsan Khansalar/Stuart McLeay: THE CONSISTENT ESTIMATION OF FUTURE CASH FLOW: AN ACCOUNTING PREDICTION MODEL WITH DOUBLE ENTRY CONSTRAINT Discussant: Georg Schneider 12.30-13.30 Lunch A2 Incentive contracts B2 Market equilibria 13.30-15.00 Christian Hofmann/Shane Dikolli/ Thomas Pfeiffer: ACCOUNTING FOR NET PERFORMANCE IN MANAGERIAL COMPENSATION CONTRACTS Discussant: Eva Labro Alexander Bleck: SOCIAL VALUE OF PUBLIC INFORMATION AND THE MARKET Discussant: Peter Christensen Francois Larmande: VOLUNTARY AMBIGUITY IN COMPRESSED INCENTIVE CONTRACTS Discussant: Sabine Böckem Stefan Schantl: EARNINGS MANAGEMENT, DIFFERENTIAL INTERPRETATION, AND INVESTOR SOPHISTICATION Discussant: Konrad Lang 15.00-15.30 Coffee Break
A3 Compensation and Auditing B3 Information in markets 15.30-17.45 Robert F. Goex: SAY ON PAY DESIGN, EXECUTIVE PAY, AND BOARD DEPENDENCE Discussant: Jon Glover Marwa El Nahass: ARE BARGAIN PURCHASE GAINS VALUE RELEVANT? EMPIRICAL EVIDENCE UNDER IFRS Discussant: Nieves Carrera Oliver Michael Duerr/ Robert F. Goex: THE IMPACT OF A BONUS REGULATION ON LENDING VOLUMES AND INTEREST RATES IN INTERNATIONAL LENDING MARKETS Discussant: Naomi Rothenberg Christina Dargenidou/Ian Tonks/ Fanis Tsoligkas: WHEN IS INSIDER TRADING A CREDIBLE SIGNAL IN CORPORATE ACQUISITIONS? Discussant: Garen Markarian Ulrike Stefani/Christopher Bleibtreu: THE INTERDEPENDENCE BETWEEN AUDIT MARKET STRUCTURE AND THE QUALITY OF FINANCIAL REPORTING: THE CASE OF SERVICES Discussant: Jan Martini Andrea Menini/Fabrizio Cerbioni/ Antonio Parbonetti: ACCOUNTING FOR BRANDS AND ANALYSTS’ FORECAST PROPERTIES Discussant: Robert Watson From 19.30 Informal Get-Together Friday, June 8 A4 Disclosure B4 Banks and fair value 9.00-10.30 Roland Koenigsgruber/ Anna Boisits: INFORMATION ACQUISITION AND DISCLOSURE BY FIRMS IN THE PRESENCE OF ADDITIONAL AVAILABLE INFORMATION Discussant: Tiago Pinheiro Jannis Bischof/Holger Daske: CAN SUPERVISORY DISCLOSURE MITIGATE BANK OPAQUENESS AND REDUCE UNCERTAINTIES DURING A FINANCIAL CRISIS? EVIDENCE FROM THE EU-WIDE STRESS-TESTING EXERCISES Discussant: Marco Trombetta Konrad M. Lang: MEETING OR BEATING FORECASTS AND UNCERTAIN EARNINGS BONUSES Discussant: Roland Königsgruber Thorsten Sellhorn/Maximilian Müller/Edward J. Riedl: RECOGNITION VERSUS DISCLOSURE OF FAIR VALUES Discussant: Antonio Parbonetti 10:30-11:00 Coffee Break A5 Earnings management and fair value B5 Cost of debt 11.00-12:30 Tiago Pinheiro: EARNINGS MANIPULATION, MANAGERIAL COMPENSATION, AND Francesca Franco/Florin Vasvari/ Oktay Urcan: THE VALUE OF CORPORATE