Second Decade Review of the Annual Conference oncenterforpbbefr.rutgers.edu/26thFEA/FEA History--2015Oct... · Web viewHistory of the Annual Conference on Financial Economics and

History of the Annual Conference onFinancial Economics and Accounting

by CHENG-FEW LEERutgers University Conference co-ordinatorE-mail: [email protected]

On October 19 & 20, 1990, the First Conference on Financial Economics and Accounting was held at Rutgers University, School of Business, New Brunswick, NJ. This year will be the Twentieth anniversary of this conference.

Three days before the First Conference on Financial Economics and Accounting, three finance professors, Harry Markowitz, Merton Miller, and William Sharpe, were awarded the Nobel Prize in Economics. This was the first time that that prestigious award was given to members of the finance community.

Because of this, as organizer of the Conference on Financial Economics and Accounting, I added a special session to discuss this event. Professor Stephen Ross of Yale University was the session chair for this special session to discuss the contribution of these three Nobel Prize winners. The result of this discussion has been published in the Review of Quantitative Finance and Accounting (RQFA), 1991, Vol. 1, No. 2.

The following is an overall summary for all the conferences in which I have presented the Program Directors, Executive Committee Members, Sponsors, Key note speakers and Session Titles.

A. First Conference: October 19 & 20, 1990, School of Business, Janice H. Levin Building, Rutgers University, New Brunswick, NJ.

Keynote Speakers: Stephen Ross, Yale UniversityTopic: “Financial Innovation and Financial Regulation”John Y. Campbell, Princeton UniversityTopic: “A Variance Decomposition for Stock Returns”

Program Director: Cheng-few Lee, School of Business, Rutgers UniversityAssociate Director: Bikki Jaggi, School of Business, Rutgers UniversityExecutive Committee Members: Victor Bernard, University of Michigan; Edwin Burmeister, University of Virginia; Vihang Errunza, McGill University; Jack Clark Francis, Baruch College; Frank C. Jen, SUNY at Buffalo; Kose John, New York University; Richard Kihlstrom, University of Pennsylvania; E. Han Kim, University of Michigan; Kenneth Lawrence, Rutgers University; James C. McKeown, Pennsylvania State University; Todd Petzel, Chicago Mercantile Exchange and Robert E. Verrecchia, University of Pennsylvania.Sponsors: Center for Management Development, Rutgers University, Chicago Mercantile Exchange, Dun & Bradstreet, Treasury Management Association of New Jersey, New Jersey Center for Research in Financial Services, Graduate School of Management, Rutgers University, and the School of Business, Rutgers University.

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October 19, 1990: Opening RemarksSession Titles:Session I: APT and Asset Pricing: Theory and ApplicationSession Chair: Edwin Burmeister, Duke University and the University of VirginiaSession II: Capital Budgeting and Investment DecisionSession Chair: Ken Lawrence, Rutgers UniversitySession III: Options and Futures: Theory and ApplicationSession Chair: Todd Petzel, Chicago Mercantile ExchangeSession IV: Financial Analysis and Analytical FinanceSession Chair: Jack Clark Francis, Baruch CollegeSession V: Financial Contracting and Agency CostSession Chair: Elazar Berkovitch, University of MichiganSession VI: Research Methods in Accounting and FinanceSession Chair: Victor Bernard, University of MichiganSession VII: Financial AccountingSession Chair: James McKeown, Pennsylvania State UniversitySession VIII: Information and Market StructureSession Chair: Richard Kihlstrom, University of PennsylvaniaSession IX: Signaling Theory: Theory and ApplicationSession Chair: Kose John, New York UniversitySession X: International FinanceSession Chair: Vihang Errunza, McGill University

B. Second Conference: SUNY at Buffalo, September 12 & 13, 1991, Buffalo, New York

Keynote Speaker: Michael J. Brennan, University of California at Los Angeles Topic: “Future Research in Finance and Accounting”

Program Director: Frank C. Jen, School of Management, State University of New York at Buffalo

Co-Director: Lawrence D. Brown, School of Management, State University of New York at Buffalo

Executive Committee Members: Cheng-few Lee, Rutgers University (ex-officio); Victor L. Bernard, University of Michigan; Lawrence D. Brown, State University of New York at Buffalo; Edwin Burmeister, Duke University; Naifu Chen, University of California-Irvine; George Constantinides, University of Chicago; Robin Cooper, Harvard University; Nicholas Dopuch, Washington University; Jack Francis, CUNY-Baruch; Stuart Greenbaum, Northwestern University; Martin Gruber, New York University; Chi-Fu Huang, Massachusetts Institute of Technology; Frank C. Jen, State University of New York at Buffalo; Richard Kihlstrom, University of Pennsylvania; Stanley Kon, University of Michigan; Baruch Lev, University of California-Berkeley; James C. Oldfield, Paine Webber, Inc.; Todd E. Petzel, Chicago Mercantile Exchange; Joshua Ronen, New York University; Jay Shanken, University of Rochester; Rene Stultz, Ohio State University; Arthur Stampleman, Citibank; Robert E. Verrecchia, University of Pennyslvania and Jerold L. Zimmerman, University of Rochester.

Sponsors: Chicago Mercantile Exchange, Citibank NA, Citibank (New York State), David Berdon & Co., Key Bank of Western New York, New Jersey Center for Research in Financial Services, Review of Quantitative Finance and Accounting, Treasury Management Association of New Jersey and Value Line, Inc.

September 12, 1991: Welcoming RemarksSession Titles:Session I: Financial Statement Analysis & Market EfficiencySession Chair: Victor L. Bernard, University of MichiganSession II: Dynamic ChoiceSession Chair: Eric Hughson, California Institute of TechnologySession III: Determinants of the Supply of Financial InformationSession Chair: Joshua Ronen, New York UniversitySession IV: Corporate Finance ISession Chair: Michael Bradley, University of MichiganSession V: Options and FuturesSession Chair: Todd Petzel, Chicago Mercantile ExchangeSession VI: Methodological Issues In Financial And Accounting ResearchSession Chair: Edwin Burmeister, Duke UniversitySession VIII: Topics In Tax ResearchSession Chair: Jerold L. Zimmerman, University of RochesterSession IX: Theories Of Financial MarketsSession Chair: John S. Hughes, University of MinnesotaSession X: Corporate Finance IISession Chair: Lemma Senbet, University of MarylandSession XI: Empirical Studies In Capital Markets ISession Chair: Baruch Lev, University of California at BerkeleySession XII: Issues In Portfolio and Investment ManagementSession Chair: Edwin Elton, New York UniversitySession XIII: The Role Of Information In Accounting TheorySession Chair: Robert E. Verrecchia, University of PennsylvaniaSession XIV: Fixed Income SecuritiesSession Chair: George Oldfield, Paine Webber, Inc.Session XV: Use Of Experimental Markets In Accounting And FinanceSession Chair: Nicholas Dopuch, Washington UniversitySession XVI: Empirical Studies In Capital Markets IISession Chair: James C. McKeown, Pennsylvania State UniversitySession XVII: Recent Advances In Management AccountingSession Chair: Robin Cooper, Harvard UniversitySession XVIII: Commercial BankingSession Chair: Michael Rozeoff, State University of New York at Buffalo

C. Third Conference: November 6 & 7, 1992, Leonard N. Stern School of Business, New York University, New York.

Keynote Speakers: Robert H. Litzenberger, University of Pennsylvania,

Topic: “Are Asset Side Swaps Zero Sum Games or Return Enhancement Vehicles?”Joel Demski, Yale University,Topic: “Does Accounting Provide Information?”Renee Stulz, Ohio State University,Topic: “Managerial Discretion, Investment Opportunities, and the Security Issue Decision”Program Chairmen: Martin Gruber, Stern School of BusinessJoshua Ronen, Stern School of BusinessProgram Coordinators: John Bildersee, Stern School of BusinessAswath Damodaran, Stern School of BusinessExecutive Committee Members: Lawrence Brown, SUNY at Buffalo; Edwin Burmeister, Duke University; Nick Dopuch, Washington University in St. Louis; Philip Dybvig, Washington University in St. Louis; Martin Gruber, Stern School of Business; Chi-Fu Huang, Massachusetts Institute of Technology; Bikki Jaggi, Rutgers University; Frank Jen, SUNY at Buffalo; E. Han Kim, University of Michigan; Cheng-few Lee, Rutgers University; Ex-Officio, Baruch Lev, University of California at Berkeley; George Oldfield, Paine Webber, Inc.; Joshua Ronen, Stern School of Business; Lemma Senbet, The University of Maryland and Robert Verrecchia, University of Pennsylvania.Sponsors: Finance Department, Stern School of Business, Vincent C. Ross Institute of Accounting Research, New York University Salomon Center, Accounting Department, Stern School of Business, Price Waterhouse, I/B/E/S, Chicago Mercantile Exchange, Treasury Management Association of New Jersey and the New Jersey Center for Research in Financial Services.

Friday, November 6, 1992: Welcoming RemarksSession Titles:Session I: Empirical Issues In Finance Ð ISession Chair: Aswath Damodaran, Stern School of BusinessSession II: Agency Issues In FinanceSession Chair: Kose John, Stern School of BusinessSession III: The Role Of Information In Accounting TheorySession Chair: Robert E. Verrecchia, University of PennsylvaniaSession IV: Option PricingSession Chairs: Cheng-few Lee, Rutgers University and Todd Petzel, Chicago Mercantile ExchangeSession V: Agency And Signalling In AccountingSession Chair: Kashi R. Balachandran, Stern School of BusinessSession VI: New Directions In Market Based ResearchSession Chair: James A. Ohlson, Columbia UniversitySession VII: Empirical Methods In Finance Ð IISession Chair: Edwin Burmeister, Duke UniversitySession VIII: Corporate FinanceSession Chair: E. Han Kim, University of MichiganSession IX: Issues In Financial Reporting StrategySession Chair: Victor L. Bernard, University of MichiganSession X: International Finance

Session Chair: Lemma Senbet, University of MarylandSession XI: Financial InstitutionsSession Chair: Joel Hasbrouck, Stern School of BusinessSession XII: Financial ForecastingSession Chair: Lawrence D. Brown, SUNY at BuffaloSession XIII: Taxes And Contracting: Theories And TestsSession Chair: Jerold L. Zimmerman, University of RochesterSession XIV: PLENARY SESSIONSession XV: Price And VolumeSession Chair: Chi-Fu Huang, MITSession XVI: Using Experimental Markets In Accounting And Financial ResearchSession Chair: Nicholas Dopuch, Washington University in St. LouisSession XVII: Fundamental Financial AnalysisSession Chair: Baruch Lev, University of California at Berkeley

D. Fourth Conference: Washington University in St. Louis, October 1 & 2, 1993

Executive Committee Members: Joshua Ronen and Martin Gruber, New York University; Cheng-few Lee (ex-officio); Bikki Jaggi, Rutgers University; Frank Jen and Lawrence Brown, State University of New York at Buffalo; Nick Dopuch and Philip Dybvig, Washington University in St. Louis; E. Han Kim. University of Michigan; Edwin Burmeister, Duke University; Baruch Lev, University of California at Berkeley; George Oldfield, Paine Webber, Inc.; Chi-Fu Huang, Massachusetts Institute of Technology; Robert Verrecchia, University of Pennsylvania and Lemma Senbet, University of Maryland.Sponsors: Olin School of Business, New Jersey Center for Research in Financial Services, Chicago Mercantile Exchange and the Review of Quantitative Finance and Accounting.

Session Titles:Session I: Field Studies in Managerial AccountingSession Chair: Strikant Datar, Stanford UniversitySession II: Analytical Financial Reporting ModelsSession Chair: Ron Dye, Northwestern UniversitySession III: Joint versus Several Liability Rules in Auditing and Other ProfessionsSession Chair: Nicholas Dopuch, Washington University in St. LouisSession IV: Fundamental Analyses in AccountingSession Chair: Baruch Lev, University of California at BerkeleySession V: Microstructure Research in AccountingSession Chair: Joshua Ronen, New York UniversitySession VI: Legal Implications of Financial DisclosuresSession Chair: Katherine Schipper, University of ChicagoSession VII: MicrostructureSession Chair: Kerry Back, Washington University in St. LouisSession VIII: Asset PricingSession Chair: Robert Korzjczyk, Northwestern University

Session IX: Corporate FinanceSession Chair: Doug Diamond, University of ChicagoSession X: Empirical IssuesSession Chair: Chris Lamoureux, Washington University in St. LouisSession XI: Options and FuturesSession Chair: C.F. Lee, Rutgers University and Todd Petzel, Chicago Mercantile ExchangeSession XII: BankingSession Chair: Anjan Thakor, Indiana University

E. Fifth Conference: The University of Michigan School of Business Administration October 21 & 22, 1994

Keynote Speaker: Eugene Fama, University of ChicagoTopic: “Perspectives on Testing Asset Pricing Models”

Program Chairs: Victor Bernard, Paton Accounting Center, University of Michigan E. Han Kim, Mitsui Life Financial Research Center, University of Michigan

Program Coordinators: Sandy Stapish, Mitsui Life Financial Research Center Dan Ebels, Mitsui Life Financial Research Center

Executive Committee Members: Victor Bernard, University of Michigan; Lawrence Brown, SUNY, Buffalo, Edwin Burmiester, Duke University; Nick Dopuch, Washington University; Philip Dybvig, Washington University, Martin Gruber, New York University; Chi-Fu Huang, Massachusetts Institute of Technology; Bikki Jaggi, Rutgers University; Frank Jen, SUNY, Buffalo; E. Han Kim, University of Michigan; Cheng-few Lee, Rutgers University (ex-officio); Baruch Lev, University of California at Berkeley; George Oldfield, Paine Webber, Inc.; Joshua Ronen, New York University; Lemma Senbet, University of Maryland and Robert Verrecchia, University of Pennsylvania.

Sponsors: Mitsui Life Financial Research Center, Paton Accounting Center, Michigan Business School, Conference on Financial Economics and Accounting (CFEA) and the Review of Quantitative Finance and Accounting (RQFA).

Session Titles:Session I: International FinanceSession Chair: Rene Stulz, Ohio State UniversitySession II: Valuation And Accounting EarningsSession Chair: S.P. Kothari, University of RochesterSession III: Corporate Finance and ControlSession Chair: G. William Schwert, University of RochesterSession IV: Investor Behavior and Price FormationSession Chair: Charles Lee, University of MichiganSession V: Explaining Returns on Stocks and BondsSession Chair: John McConnell, Purdue University

Session VI: Shareholder LitigationSession Chair: Katherine Schipper, University of ChicagoSession VII: Market MicrostructureSession Chair: Chester Spatt, Carnegie Mellon UniversitySession VIII: Voluntary Financial DisclosureSession Chair: Russell Lundholm, University of MichiganSession IX: Strategic Positioning in Corporate FinanceSession Chair: David Hirshleifer, University of MichiganSession X: Financial Statement AnalysisSession Chair: Jim Ohlson, Columbia UniversitySession XI: Options and FuturesSession Chair: Cheng-few Lee, Rutgers UniversitySession XII: Financial AccountingSession Chair: Joshua Ronen, New York University

F. Sixth Conference: The University of Maryland, College of Business and Management, College Park, Maryland, November 10 & 11, 1995

Keynote Speakers: Stephen Ross, Yale UniversityTopic: “Real Option and Management Decisions”Commissioner Steven Wallman, U.S. Securities and Exchange CommissionProgram Chairs: Finance: Lemma W. Senbet and Kathleen Weiss Hanley University of Maryland; Accounting: Lawerence A. Gordon and Stephen E. Loch University of Maryland

Executive Committee Members: Victor Bernard, University of Michigan; Lawrence Brown, SUNY-Buffalo; Edwin Burmeister, Duke University; Nick Dopuch, Washington University; Philip Dybvig, Washington University; Martin Gruber, New York University; Bikki Jaggi, Rutgers University; Frank Jen, SUNY-Buffalo; E. Han Kim, University of Michigan; Cheng-few Lee, Rutgers University (Ex-Officio); Baruch Lev, University of California at Berkeley; Martin Loeb, University of Maryland; Todd Petzel, Chicago Mercantile Exchange; Joshua Ronen, New York University; Lemma Senbet, University of Maryland and Robert Verrecchia, University of Pennsylvania.

Sponsors: Chicago Mercantile Exchange, Treasury Management Association of New Jersey, New Jersey Center for Research in Financial Services, Accounting Department, University of Maryland, Finance Department, University of Maryland, The Journal of Accounting and Public Policy and The Review of Quantitative Finance and Accounting.

Session Titles:Session I: Strategic Cost and Global CompetitivenessSession Chair: Mahendra Gupta, Washington UniversitySession II: International FinanceReview of Quantitative Finance and Accounting SessionSession Chair: C.F. Lee, Rutgers UniversitySession III: Financial Forecasting

Session Chair: Lawrence Brown, SUNY at BuffaloSession IV: DerivativesSession Chair: Robert Jarrow, Cornell UniversitySession V: Financial Accounting ISession Chair: Oliver Kim, University of MarylandSession VI: Market MicrostructureSession Chair: Charles Lee, University of Michigan and NYSESession VII: Financial Accounting IISession Chair: Joshua Ronen, New York UniversitySession VIII: Contract Design and Financial IntermediationSession Chair: Franklin Allen, University of PennsylvaniaSession IX: Earnings ManagementSession Chair: Patricia M. Deechow, University of Pennsylvania

G. Seventh Conference: November 8 & 9, 1996, School of Business, Janice H. Levin Building, Rutgers University, New Brunswick, NJ

Keynote Speaker: Martin Gruber, New York UniversityTopic: “Mutual Funds and Risk”

Program Directors: Finance: Cheng-few Lee, Rutgers University; Accounting: Bikki Jaggi, Rutgers University

Associate Directors: Finance: Ivan Brick, Rutgers University; Accounting: Miklos Vasarhelyi, Rutgers University

Executive Committee Members: Lawrence Brown, SUNY-Buffalo; Edwin Burmeister, Duke University; Nick Dopuch, Washington University; Philip Dybvig, Washington University; Martin Gruber, New York University; Bikki Jaggi, Rutgers University; Frank C. Jen, SUNY-Buffalo; E. Han Kim, University of Michigan; Cheng-few Lee, Rutgers University (conference co-ordinator); Baruch Lev, New York University; Martin Loeb, University of Maryland; Russell Lundholm, University of Michigan; Todd Petzel, The Common Fund; Joshua Ronen, New York University; Lemma Senbet, University of Maryland, Robert Verrecchia, University of Pennsylvania.

Sponsors: Arthur Andersen, Accounting Research Center - Rutgers University, Coopers& Lybrand, Faculty of Management - Rutgers University, Governmental Accounting Program - Rutgers University, I/B/E/S International, Inc., Johnson & Johnson, New Jersey Center for Research in Financial Services, Office of the Provost, Review of Quantitative Finance and Accounting (RQFA) and Warner-Lambert.

Friday, November 8, 1996: Opening RemarksSession Titles:Session I: Financial Accounting ISession Chair: Nick Dopuch, Washington University at St. LouisSession II: Financial Intermediation

Session Chair: Mark J. Flannery, University of FloridaSession III: Investment Perspectives For Institutional InvestorsSession Chair: James Bicksler, Rutgers UniversitySession IV: Financial Accounting IISession Chair: Rashad Abdel-khalik, University of FloridaSession V: Contingent Claims, Executive Compensation and DynamicSecurity MarketsSession Chair: Charles Jones, Princeton UniversitySession VI: Financial ForecastingSession Chair: Lawrence D. Brown, SUNY - BuffaloSession VII: International FinanceSession Chair: Frank C. Jen, SUNY - BuffaloSession VIII: Accounting Information SystemsSession Chair: Mikkos Vasahelyi, Rutgers UniversitySession IX: Positive Accounting TheorySession Chair: Ross L. Watts, University of RochesterSession X: Corporate Finance and RestructuringSession Chair: Lemma Senbet, University of MarylandSession XI: Topics Dedicated to the Memory of Professor Victor BernardSession Chair: Jacob Thomas, Columbia UniversitySession XII: Market MicrostructureSession Chair: Larry R. Glosten, Columbia UniversitySession Co-Chair: Robert Schwartz, New York UniversitySession XIII: Empirical Studies of Asset PricingSession Chair: Wayne Ferson, University of WashingtonSession XIV: Earnings Management and Disclosure PolicySession Chair: Baruch Lev, New York UniversitySession XV: Mutual Fund ManagementSession Chair: Steven Brown, New York UniversitySession XVI: Insurance Theory and PracticeSession Chair: J. David Cummins, University of PennsylvaniaSession XVII: Valuation Issues and DisclosuresSession Chair: James McKeown, Penn State UniversitySession XVIII: DerivativesSession Chair: Kerry E. Back, Washington University at St. LouisSession Co-Chair: Guofu Zhou, Washington University at St. LouisSession XIX: Valuation of the FirmSession Chair: Nejat H. Seyhun, University of Michigan

H. Eighth Conference: SUNY - Buffalo, November 7 & 8, 1997

Keynote Speaker: Professor Michael Jensen, Harvard UniversityTopic: “The Brain and Non-Rational Behavior”

Program Directors: Accounting: Lawrence Brown, Georgia State University; Finance : Michael Rozeoff, State University at Buffalo

Executive Committee Members: Lawrence Brown, Georgia State University; Edwin Burmeister, Duke University; Nick Dopuch, Washington University; Philip Dybvig, Washington University; Martin Gruber, New York University; Bikki Jaggi, Rutgers University; Frank C. Jen, State University at Buffalo; E. Han Kim, University of Michigan; Cheng-few Lee (conference co-ordinator), Rutgers University; Baruch Lev, New York University; Martin Loeb, University of Maryland; Russell Lundholm, University of Michigan;Todd Petzel, The Common Fund; Joshua Ronen, New York University; Michael S. Rozeoff, State University at Buffalo; Lemma Senbet, University of Maryland and Robert Verrecchia, University of Pennsylvania.Sponsors: ADP/The DAIS Group, Department of Accounting & Law-University at Buffalo, Department of Finance and Managerial Economics-University at Buffalo, I/B/E/S International, Inc., New Jersey Center for Research in Financial Services, Review of Quantitative Finance and Accounting-Kluwer Academic Publishers, School of Management-University at Buffalo and Value Line, Inc.

Friday, November 7, 1997: Opening RemarksSession Titles:Session I: Control and Performance EvaluationSession Chair: Raffi Indejkian, University of MichiganSession II: Empirical Investment AnalysisSession Chair: Louis K.B. Chan, University of IllinoisSession III: IntangiblesSession Chair: Baruch Lev, New York UniversitySession IV: Corporate Finance and RestructuringSession Chair: Lemma Senbet, University of MarylandSession V: Earnings Expectations and Share Prices: Practitioners' PerespectivesSession Chair: Charles Trzcinka, University at BuffaloSession VI: Valuation and Corporate FinanceSession Chair: Gershon Mandelker, University of PittsburghSession VII: Experimental Studies in Capital MarketsSession Chair: Nick Dopuch, Washington UniversitySession VIII: Options and FuturesSession Chair: C.F. Lee, Rutgers UniversitySession IX: What Every Corporate Treasurer Should KnowSession Chair: Anand Vijh, University of IowaSession X: International AccountingSession Chair: Gordon Richardson, University of WaterlooSession XI: Mutual Fund ManagementSession Chair: Martin Gruber, New York UniversitySession XII: Determinants of Financial StructureSession Chair: David Denis, Pourdue UniversitySession XIII: Financial DisclosureSession Chair: Joshua Ronen, New York UniversitySession XIV: Portfolio ManagementSession Chair: Ed Burmeister, Duke University

Session XV: Issues in Asset PricingSession Chair: Gautam Kaul, University of MichiganSession XVI: Analyst ForecastsSession Chair: Ross Watts, University of RochesterSession XVII: Earnings and Capital MarketsSession Chair: Bikki Jaggi, Rutgers University

I. Ninth Conference: November 6 & 7, 1998, New York University, Stern School of Business

Keynote Speaker: Stewart C. Meyers, Massachusetts Institute of TechnologyTopic: “Financial Structures”

Program Directors: Accounting: Baruch Lev and Joshua Ronen, New York UniversityFinance: Eli Ofek and Martin Gruber, New York University

Sponsors: New York University-Stern School of Business: Department of Accounting, Taxation and Business Law, Department of Finance and the Vincent C. Ross Institute of Accounting Research, The New Jersey Center for Research in Financial Services and the Review of Quantitative Finance and Accounting.

Session Titles:Session I: Stock Returns and Accounting InformationSession Chair: Paul Zarowin, New York UniversitySession II: Capital StructureSession Chair: C.F. Lee, Rutgers UniversitySession III: Measuring Value Relevance of Accounting DisclosuresSession Chair: Peter Easton, Ohio State UniversitySession IV: Asset PricingSession Chair: Anthony Lynch, New York UniversitySession V: Accounting Based ValuationSession Chair: Charles M.C. Lee, Cornell UniversitySession VI: Empirical Studies in Managerial AccountingSession Chair: Nicholas Dopuch, Washington UniversitySession VII: InvestmentsSession Chair: Ehud Ronn, Univerity of Texas, AustinSession VIII: Information, Accruals, and Discretionary DisclosureSession Chair: Eli Bartov, New York UniversitySession IX: Derivatives and HedgingSession Chair: Stephen Figlewski, New York UniversitySession X: Corporate Valuation and ReorganizationSession Chair: Philip Berger, Massachusetts Institute of TechnologySession XI: Bias in Analysts' ForecastsSession Chair: Lawrence D. Brown, Georgia State UniversitySession XII: Investment StrategiesSession Chair: Charles Trzcinka, SUNY at Buffalo

Session XIII: Banking, Investment Banking, and External FinancingSession Chair: Philip Dybvig, Washington UniversitySession XIV: Analytical Modeling in Accounting ResearchSession Chair: Joshua Ronen, New York UniversitySession XV: Corporate GovernanceSession Chair: Lemma Senbet, University of Maryland-College Park

J. Tenth Conference: October 29-30, 1999, University of Texas at Austin

Keynote Speaker: Robert H. Litzenberger, The Goldman Sachs GroupTopic: “Risk Management in the Period of Market Stress”

Program Directors: Accounting: Eric Hirst and Senyo Tse, University of Texas at AustinFinance: Robert Parrino and Ehud Ronn, University of Texas at Austin

Executive Committee Members: Lawrence Brown, Georgia State University; Edwin Burmeister, Duke University; Nicholas Dopuch, Washington University; Philip Dybvig, Washington University; Martin Gruber, New York University; Eric Hirst, University of Texas at Austin; Bikki Jaggi, Rutgers University; Frank C. Jen, State University of New York at Buffalo; E. Han Kim, University of Michigan; Cheng few Lee, Rutgers University; Baruch Lev, New York University; Martin Loeb, University of Maryland; Russell Lundholm, University of Michigan; Eli Ofek, New York University; Todd Petzel, The Common Fund; Joshua Ronen, New York University; Ehud Ronn, University of Texas at Austin; Michael S. Rozeoff, State University of New York at Buffalo; Lemma Senbet, University of Maryland and Robert Verrecchia, University of Pennsylvania.

Sponsors: College and Graduate School of Business - The University of Texas at Austin: Department of Accounting - Department of Finance, The New Jersey Center for Research in Financial Services, Review of Quantitative Finance and Accounting and The National Association of Securities Dealers.

Session Titles:Session I: Raising CapitalSession Chair: Paul Malatesta, University of WashingtonSession II: Stock OptionsSession Chair: Rowland Atiase, University of TexasSession III: Financial Analysts' ForecastsSession Chair: Debra Krolick, Washington UniversitySession IV: Institutional InvestorsSession Chair: Laura Starks, University of TexasSession V: Investment and Financing DecisionsSession Chair: Robert Parrino, University of TexasSession VI: Financial Analysts' Forecasts and ValuationsSession Chair: Larry Brown, Georgia State UniversitySession VII: Asset Pricing

Session Chair: Cheng-Few Lee, Rutgers UniversitySession VIII: Taxes and Corporate FinanceSession Chair: Sheridan Titman, University of TexasSession IX: CompensationSession Chair: Connie Weaver, University of TexasSession X: Methodological AdvancesSession Chair: Robert Freeman, University of TexasSession XI: Stock Return PredictabilitySession Chair: Dave Chapman, University of TexasSession XII: Agency and Managerial IncentivesSession Chair: Lemma Senbet, University of MarylandSession XIII: Financial AccountingSession Chair: Steve Kachelmeier, University of TexasSession XIV: Earnings ManagementSession Chair: Kate Campbell, University of MarylandSession XV: Joint SessionSession Chair: Eric Hirst, University of TexasSession XVI: DerivativesSession Chair: Ehud Ronn, University of TexasSession XVII: Other Agency Issues (finance)Session Chair: Scott Lee, Texas A&M UniversitySession XVIII: Regulated Industries (accounting and finance)Session Chair: Joshua Ronen, New York UniversitySession XIX: Environmental and Voluntary Disclosures (accounting)Session Chair: Stephen T. Limberg, University of Texas at Austin

K. Eleventh Conference: November 3 & 4, 2000, The University of Michigan School of Business Administration

Keynote speaker: Myron S. Scholes, Nobel Laureate Topic: Chaos and the Evolution of Risk Management

Program Director: Accounting: Eugene Imhoff, University of Michigan; Finance: E. Han Kim, University of Texas at Austin; Sugato Bhattacharyya, University of Michigan

Executive Committee Members: Lawrence Brown, Georgia State University; Edwin Burmeister, Duke University; Nicholas Dopuch, Washington University; Philip Dybvig, Washington University; Martin Gruber, New York University; Eric Hirst, University of Texas at Austin; Eugene Imhoff, University of Michigan; Bikki Jaggi, Rutgers University; E. Han Kim, University of Michigan; Cheng Few Lee, Rutgers University; Baruch Lev, New York University; Martin Loeb, University of Maryland; Russell Lundholm, University of Michigan; Eli Ofek, New York University; Todd Petzel, The Common Fund; Joshua Ronen, New York University; Ehud Ronn, University of Texas at Austin; Lemma Senbet, University of Maryland; Robert Verrechia, University of

Pennsylvania.

Sponsors: Mitsui Life Financial Research Center; Paton Accounting Center; The University of Michigan Business School

November 3, 2000: Opening RemarksSession Titles:Session #A1: Analysts’ Earnings ForecastsSession Chair: Siva Nathan, Emory UniversitySession #A2: International Institutions and AccountingSession Chair: Peter Wysocki, University of MichiganSession #F1: Raising and Using MoneySession Chair: E. Han KimSession #F2: LiquiditySession Chair: Vikram Nanda, University of MichiganSession #A3: Risk, Disclosure and ValuationSession Chair: Darren Roulstone, University of ChicagoSession #F3: PricingSession Chair: Cheng-Few Lee, RutgersSession #F4: Capital StructureSession Chair: Lemma Senbet, University of MarylandSession #A4: Properties of Forecasts and EarningsSession Chair: Larry Brown, Georgia StateSession #A5: Tax IssuesSession Chair: TBASession #F5: DiversificationSession Chair: B. Espen Eckbo, Dartmouth CollegeSession #F6: FinancingSession Chair: Kose John, New York UniversitySession #A6: Analytical Models of Corporate DisclosureSession Chair: D. J. Nanda, University of MichiganSession #A7: Accruals and Earnings ManagementSession Chair: Patty Dechow, University of MichiganSession #F7: AnomaliesSession Chair: Gautam Kaul, University of MichiganSession #F8: ContractsSession Chair: Milton Harris, University of ChicagoSession #A8: Corporate Disclosure—Empirical TestsSession Chair: Russ Lundholm, University of MichiganSession #A9: Accounting Conservatism and AuditingSession Chair: Mark Bradshaw, HarvardSession #F9: BehaviorSession Chair: M. P. Narayanan, University of MichiganSession #F10: ContagionSession Chair: Anjan Thakor, University of MichiganSession #A10: Earnings Management and Disclosure

Session Chair: Joshua Ronen, New York UniversitySession #F11: Firm BehaviorSession Chair: S. Viswanathan, Duke University

L. Twelfth Conference: September 21 & 22, 2001, School of Business, Janice H. Levin Building, Rutgers University, New Brunswick, NJ.

Keynote Speaker: Martin Gruber, New York University.Topic: “Incentive Fees and the Mutual Fund Performance”

Program Director: Finance: Cheng-few Lee, Rutgers University; Accounting: Bikki Jaggi, Rutgers University

Co-Director: Finance: James Bicksler, Mike Long; Accounting: Suresh Govindaraj

Executive Committee Members: Stephen P. Baginski, Indiana University; Lawrence Brown, Georgia State University; Martin Gruber, New York University; D. Erich Hirst, University of Texas at Austin; Bikki Jaggi, Rutgers University; Frank C. Jen, SUNY at Buffalo; Jayant R. Kale, Georgia State University; E. Han Kim, University of Michigan; Oliver Kim, University of Maryland; Cheng-few Lee (conference coordinator), Rutgers University; Joe Ogden, SUNY at Buffalo; Joshua Ronen, New York University; Ehud Ronn, University of Texas at Austin; Lemma Senbet, University of Maryland; Charles A. Trizcinka, Indiana University

Sponsors: The New Jersey Center for Research in Financial Services; Rutgers Business School; T. R. Winston and Company; The Review of Quantitative Finance and Accounting; Dept. of Finance and Economics; Dept. of Accounting and Information Systems; Center for Governmental Accounting Education and Research

September 21, 2001: Welcoming Remarks

Session Titles:FINANCESession 1: International FinanceChairperson: Ehud I. Ronn, University of Texas at AustinSession 2: Essays in the Spirit of Merton H. Miller (A)Chairperson: James L. Bicksler, Rutgers UniversitySession 3: Essays in the Spirit of Merton H. Miller (B)Chairperson: James L. Bicksler, Rutgers UniversitySession 4: Corporate Finance (A)Chairperson: Lemma W. Senbet, University of MarylandSession 5: Risk Management and Portfolio AnalysisChairperson: Richard E. Kihlstrom, University of PennsylvaniaSession 6: Asset PricingChairperson: Charles Trzcinka, Indiana University

Session 7: MicrostructureChairperson: Jayant R. Kale, Georgia State UniversitySession 8: Corporate Finance (B)Chairperson: Kose John, New York UniversitySession 9: Behavioral FinanceChairperson: Lawrence R. Glosten, Columbia UniversitySession 10: DerivativesChairperson: Chunchi Wu, Syracuse UniversityACCOUNTINGSession 1: Financial DisclosuresChairperson: Joshua Ronen, New York UniversitySession 2: Financial Reporting and ValuationChairperson: Prem Jain, Georgetown UniversitySession 3: Earnings and Stock ReturnsChairperson: Stephen Ryan, New York UniversitySession 4: Quality of EarningsChairperson: Steven Baginski, Indiana UniversitySession 5: Debt and Accruals ManagementChairperson: Oliver Kim, University of MarylandSession 6: Earnings ForecastsChairperson: Lawrence Brown, Georgia State UniversitySession 7: Start-Up CompaniesChairperson: John Hand, University of North Carolina, Chapel HillSession 8: Business Segments, R & D and Corporate GovernanceChairperson: Ken Peasnell, University of Lancaster

M. Thirteenth Conference: The University of Maryland, College of Business and Management, College Park, Maryland, November 15 & 16, 2002

November 15, 2002: Opening Remarks

Keynote Speakers: Michael J. Brennan, UCLADistinguished Speaker: Robert E. Verrecchia, The Wharton School

Program Director: Finance: Lemma W. Senbet; Gurdip Bakshi; Accounting: Oliver Kim; Lawrence A. Gordon

Executive Committee Members: Randolph Beatty, University of South California; Walter G. Blacconiere, Indiana University; Lawrence Brown, Georgia State University; Jennifer Conrad, University of North Carolina; Martin Gruber, New York University; Yasushi Hamao, University of South California; John Hand, University of North California; D. Erich Hirst, University of Texas at Austin; Bikki Jaggi, Rutgers University; Jayant R. Kale, Georgia State University; Oliver Kim, University of Maryland; Cheng-few Lee (conference coordinator), Rutgers University; Joshua Ronen,

New York University; Ehud I. Ronn, University of Texas at Austin; Lemma W. Senbet, University of Maryland; Charles A. Trizcinka, Indiana University

Sponsors: Accounting and Information Assurance Department, University of Maryland; Finance Department, University of Maryland; Robert H. Smith School of Business, University of Maryland; Financial Management

Session Titles:FinanceSession I: Corporate Finance and GovernanceChairperson: Kose John, New York UniversitySession II: Asset PricingChairperson: Craig MacKinlay, University of PennsylvaniaSession III: Contract Design and Financial IntermediationChairperson: Anjan Thakor, University of MichiganSession IV: Market MicrostructureChairperson: Charles Trzcinka, Indiana UniversitySession V: International FinanceChairperson: Vojislav “Max” Maksimovic, University of MarylandSession VI: Derivatives and Risk ManagementChairperson: Ehud Ronn, University of Texas, AustinAccountingSession I: Pro-forma Earnings and Other Voluntary DisclosureChairperson: Joshua Ronen, New York UniversitySession II: Earnings ManagementChairperson: Walter Blacconiere, Indiana UniversitySession III: The Role of Formal Models in Interpreting Empirical EvidenceChairperson: Thomas Hemmer, University of ChicagoSession IV: Analyst Forecasts of EarningsChairperson: Lawrence Brown, Georgia State UniversitySession V: Extending the Analysis of the Earnings Returns RelationChairperson: Jeffery Abarbanell, University of North CarolinaSession VI: International AccountingChairperson: Larry Gordon, University of Maryland

N. Fourteenth Conference: Indiana University, Kelley School of Business, October 31, 2003 & November 1, 2003.

October 31, 2003: Opening Remarks

Keynote Speakers: Robert ShillerDistinguished Speaker: Joshua Ronen, New York University

Program Director: Finance: Charles Trzcinka; Accounting: Walter Blacconiere

Executive Committee Members: Walter G. Blacconiere, Indiana University; Lawrence Brown, Georgia State University; Martin Gruber, New York University; D. Erich Hirst, University of Texas at Austin; Bikki Jaggi, Rutgers University; Frank C. Jen, SUNY at Buffalo; Jayant R. Kale, Georgia State University; E. Han Kim, University of Michigan; Oliver Kim, University of Maryland; Cheng-few Lee (conference coordinator), Rutgers University; Joe Ogden, SUNY at Buffalo; Joshua Ronen, New York University; Ehud I. Ronn, University of Texas at Austin; Lemma W. Senbet, University of Maryland; Charles A. Trizcinka, Indiana University

Sponsors: The Finance and Accounting Faculties of the Kelley School of Business in Bloomington and Indianapolis; Office of Research and University Graduate School, Indiana University; The McGraw-Hill Companies; South-Western Thomson Learning; Addison Wesley; Wiley; Tichenor Publishing & Printing

Session Titles:FinanceSession I: International FinanceChairperson: Lemma Senbet, University of MarylandSession II: Asset Empirical Asset PricingChairperson: Robert Stambaugh, University of PennsylvaniaSession III: MicrostructureChairperson: Robert Jennings, Indiana UniversitySession IV: InvestmentsChairperson: Philip Dybvig, Washington University-St. LouisSession V: Applied Corporate FinanceChairperson: Michael Weisbach, University of IllinoisSession VI: Dynamics in Corporate FinanceChairperson: John Kose, New York UniversityAccountingSession I: Earnings ManagementChairperson: Daniel Beneish, Indiana UniversitySession II: Analysts ForecastsChairperson: Larry Brown, Georgia State UniversitySession III: TheoryChairperson: Carolyn Levine, Carnegie Mellon UniversitySession IV: Corporate Governance, Incentives and Managerial BehaviorChairperson: K.R. Subramanyam, University of Southern CaliforniaSession V: Capital MarketsChairperson: John Hand, University of North CarolinaSession VI: Management Forecasts and Voluntary DisclosuresChairperson: Steve Baginski, Georgia State University

O. Fifteenth Conference: University of Southern California, Marshall School of

Business and Leventhal School of Accounting, November 19 & 20, 2004


Keynote Speakers: Stephen A. Ross, Massachusetts Institute of TechnologyDistinguished Speaker: S.P. Kothari, Massachusetts Institute of Technology

Program Director: Finance: Yasushi Hamao; Accounting: Randolph Beatty

Conference Coordinators: Terry Lichvar, Marshall School of Business, Finance and Business Economics Dept.; Candi Spencer, Leventhal School of Accounting, Office of the Dean

Executive Committee Members: Randolph Beatty, USC; Walter Blacconiere, Indiana; Lawrence Brown, GA State; Jennifer Conrad, UNC; Martin Gruber, NYU; Yasushi Hamao, USC; John Hand, UNC; Erich Hirst, UT Austin; Bikki Jaggi, Rutgers; Jayant Kale, GA State; E. Han Kim, Michigan; Oliver Kim, U of MD; C.F. Lee, Rutgers; Joe Ogden, Buffalo; Joshua Ronen, NYU; Ehud Ronn, UT Austin; Lemma Senbet, U of MD; Sam Tiran, Buffalo; Charles Trzcinka, Indiana

Session Titles:Session IFinance: Trading and LiquidityModerator: Charles Trzcinka, Indiana UniversityAccounting A: Analysis and Capital MarketsModerator: Lawrence Brown, Georgia State UniversityAccounting B: Accountants’ Theories of Accounting ConservatismModerator: John Hughes, University of California, Los AngelesSession IIAccounting and Finance Joint Session A: Returns and Financial StatementsModerator: Randolph Westerfield, University of Southern CaliforniaAccounting and Finance Joint Session B: Beliefs, Disclosures, and MonitoringModerator: K.R. Subramanyam, USCSession IIIFinance: Empirical Asset PricingModerator: Jennifer Conrad, University of North CarolinaAccounting: Corporate GovernanceModerator: Mark DeFond, University of Southern CaliforniaSession IVFinance: Organization Forms and Agency CostsModerator: Kevin Murphy, University of Southern CaliforniaAccounting: Earnings Management and AccrualsModerator: Walter Blacconiere, Indiana UniversitySession VFinance: Asset PricingModerator: Ehud Ronn, University of Texas, Austin

Accounting: Accounting, Valuation and WealthModerator: John Hand, University of North Carolina, Chapel HillSession VIFinance: Security Issuance, Acquisitions, and DivestituresModerator: Gordon Phillips, University of MarylandAccounting: Stock OptionsModerator: Mingyi Hung, University of Southern California

P. Sixteenth Conference: University of North Carolina, Kenan-Flagler Business School, November 18 & 19, 2005


Keynote Speakers: Charles Lee, Barclays Global Investors

Program Director: Finance Program: Jennifer Conrad; Accounting Program: John Hand

Executive Committee Members: Randolph Beatty, University of South California; Walter G. Blacconiere, Indiana University; Lawrence Brown, Georgia State University; Jennifer Conrad, University of North Carolina; Martin Gruber, New York University; Yasushi Hamao, University of South California; John Hand, University of North California; D. Erich Hirst, University of Texas at Austin; Bikki Jaggi, Rutgers University; Jayant R. Kale, Georgia State University; Oliver Kim, University of Maryland; Cheng-few Lee (conference coordinator), Rutgers University; Joshua Ronen, New York University; Ehud I. Ronn, University of Texas at Austin; Lemma W. Senbet, University of Maryland; Charles A. Trizcinka, Indiana University

Sponsors: The Finance and Accounting Faculties of the Kenan-Flagler Business School

Session Titles:Session 1:ACCOUNTING: Earnings ManagementSession Chair: Carol Marquardt (NYU)FINANCE: Mutual FundsSession Chair: Sunil Wahal (Arizona State Univ.)Session 2:ACCOUNTING: Conservatism & Value RelevanceSession Chair: Ross Watts (Univ. of Rochester)FINANCE: Empirical Asset PricingSession Chair: Bhaskaran Swaminathan (Cornell Univ.)Session 3:JOINT Finance/AccountingSession Chair: Charles Lee (Barclays Global Investors)

Session 4:ACCOUNTING 4-1: DisclosureSession Chair: Paul Fischer (Penn State Univ.)ACCOUNTING 4-2: AnalystsSession Chair: Michael Mikhail (Duke Univ.)FINANCE: Corporate FinanceSession Chair: Diane Denis (Purdue Univ.)Session 5:ACCOUNTING: Accounting FundamentalsSession Chair: John Hand (Univ. of North Carolina)FINANCE: Corporate GovernanceSession Chair: Anil Shivdasani (Univ. of North Carolina)Session 6:ACCOUNTING: Corporate ContractsSession Chair: Linda McDaniel (Univ. of Kentucky)FINANCE: Asset Pricing TheorySession Chair: Charles Trzcinka (Indiana Univ.)

Q. Seventeenth Conference: Georgia State University, November 17 & 18, 2006


Keynote Speakers: Katherine Schipper, Duke University

Program Director: Finance Program: Jayant Kale, Georgia State University; Accounting Program: Lawrence D. Brown, Georgia State University


Sponsors: Finance and Accounting Faculties and the Dean's Office of the Robinson College of Business and the Georgia State University Research Foundation

Session Titles:Friday, November 17, 2006 Session 1:Finance: Executive Compensation

Chair: David Yermack, New York UniversityAccounting: Earnings ManagementChair: Eli Bartov, New York UniversitySession 2: Finance: Asset Pricing I Chair: Gurdip Bakshi, University of MarylandAccounting: ValuationChair: John Hand, University of North CarolinaSaturday, November 18, 2006 Session 1:Finance: Corporate GovernanceChair: Ronald Masulis, Vanderbilt UniversityAccounting: AuditorsChair: Galen R. Sevcik, Georgia State UniversitySession 2: Finance: Asset Pricing IIChair: David Musto, University of PennsylvaniaAccounting: FundamentalsModerator: M. Daniel Beneish, Indiana UniversitySession 3:Finance: Corporate FinanceChair: Kose John, New York UniversityAccounting: Corporate Governance/ContractingChair: John Core, University of PennsylvaniaSession 4: Finance: Asset Pricing IIIChair: Kerry Back, Texas A&M UniversityAccounting: Analysts and Capital MarketsModerator: Michael B. Clement, University of Texas

R. Eighteenth Conference: New York University, Stern School of Business, October 26 & 27, 2007

October 26, 2007: Opening Remarks

Keynote Speakers: Andrei Shleifer, Harvard University

Program Director: Finance Program: Kose John; Accounting Program: Joshua Ronen

Executive Committee Members: Randolph Beatty, University of South California; Walter G. Blacconiere, Indiana University; Lawrence Brown, Georgia State University; Jennifer Conrad, University of North Carolina; Martin Gruber, New York University; Yasushi Hamao, University of South California; John Hand, University of North California; D. Erich Hirst, University of Texas at Austin; Bikki Jaggi, Rutgers University; Jayant R. Kale, Georgia State University; Oliver Kim, University of

Maryland; Cheng-few Lee (conference coordinator), Rutgers University; Joshua Ronen, New York University; Ehud I. Ronn, University of Texas at Austin; Lemma W. Senbet, University of Maryland; Charles A. Trizcinka, Indiana University

Sponsors: The conference is sponsored by the Stern School of Business Department of Finance, Department of Accounting, the Vincent C. Ross Institute of Accounting, the Salomon Center for the Study of Financial Institutions, and the NYU Pollack Center for Law & Business

Session Titles:Session 1:FINANCE: Corporate Finance Session Chair: Matthew Richardson (NYU)ACCOUNTING: Earnings ManagementSession Chair: Eli Bartov (NYU)Session 2: FINANCE: CEO Incentives Session Chair: Cheng-Few Lee (Rutgers)ACCOUNTING: Voluntary Management DisclosuresSession Chair: Stephen Ryan (NYU)Session 3:FINANCE: Law and Finance Session Chair: William Allen (NYU)ACCOUNTING: Strategic Disclosure: Evidence and ConsequencesSession Chair: Paul Zarowin (NYU)Session 4: FINANCE: Empirical Corporate FinanceSession Chair: Lemma W. Senbet (Univ. of Maryland)ACCOUNTING: ValuationSession Chair: John Hand (Univ. of NC)Session 5:FINANCE: Asset Prices: TheorySession Chair: Stijn Van Nieuwerburgh (NYU)ACCOUNTING: Audit ResearchSession Chair: Hollis A. Skaife (University of Wisconsin-Madison)Session 6:FINANCE: Asset Prices: EmpiricalSession Chair: Charles A. Trzcinka (Indiana)ACCOUNTING: Analysts and Capital MarketsSession Chair: Lawrence D. Brown (Georgia)

S. Nineteenth Conference: Georgia State University, November 14, 2008


Keynote Speakers: Dave Larcker, Stanford University

Program Director: Finance Program: Andres Almazan, Jay Hartzell; Accounting Program: Michael Clement, Ross Jennings


Sponsors: McCombs School of Business Department of Finance; Department of Accounting; the Hicks, Muse, Tate & Furst Center for Private Equity Finance; the C. Aubrey Smith Center for Auditing Education and CRA International.

Session Titles:Session 1: ACCOUNTING: Auditing Session Chair: Bill Kenney (Univ. of Texas at Austin)FINANCE: Private Equity and TakeoversSession Chair: Nagpurnanand Prabhala (Univ. of Maryland)Session 2: ACCOUNTING: Corporate GovernanceSession Chair: Bikki Jaggi (Rutgers)FINANCE: Arbitrage and InformationSession Chair: Adam Reed (Univ. of N.C.)Session 3:ACCOUNTING: Valuation Session Chair: Randy Beatty (Univ. of S. Cal.)FINANCE: Law and Corporate GovernanceSession Chair: Semi Kedia (Rutgers)Session 4: ACCOUNTING: Financial Analysts Session Chair: Senyo Tse (Texas A&M Univ.)FINANCE: Issues in Capital MarketsSession Chair: Robert Jennings (Indiana)Session 5: ACCOUNTING: Disclosure (in memory of Walt Blacconiere)Session Chair: Teri Yohn (Indiana)

FINANCE: Compensation and Corporate GovernanceSession Chair: Jennifer Carpenter (NYU)Session 6: 3:30-5:00 p.m.ACCOUNTING: Earnings ManagementSession Chair: Jeff Abarbanell (Univ. of N.C.)FINANCE: Financing IssuesSession Chair: Sheridan Titman (Univ. of Texas)

T. Twentieth Conference: Rutgers University, November 13-14, 2009


Keynote Speakers: Martin J. Gruber, New York UniversityLuncheon Speaker: Shyam Sunder, Yale University

Program Chair: Finance: Cheng-few Lee and Daniel G. Weaver Accounting: Bikki Jaggi and Suresh Govindaraj


Sponsors: Rutgers Business School, The Whitcomb Center for Research in Financial Services, The Rutgers Center for Governmental Accounting Education and Research, The Rutgers Accounting Research Center, Springer Publishing, World Scientific, Foundation of Pacific Basin Financial Research and Development, and Beyondbond, Inc.

Session Titles:Accounting Session 1: The Profitability of Analysts' Stock Recommendations Session Chair: Agnes Cheng, LSUFinance Session 1: ASSET PRICINGSession Chair: Stanley Kon, New York UniversityFinance Session 2: Corporate FinanceSession Chair: Kose John, NYUAccounting Session 2 Pricing of Information QualitySession Chair: Jeffery Abarbanell, University of North Carolina at Chapel HillFinance Session 3: Corporate Governance

Session Chair: Ivan Brick, Rutgers UniversityFinance Session 4: Investments ISession Chair: Charles Trzcinka, Indiana UniversityAccounting Session 3: Earnings Quality and TransparencySession Chair: Suresh Govindaraj, Rutgers UniversityFinance Session 5: Hedge Funds and REITSSession Chair: Stephen Brown, NYUFinance Session 6: Corporate FinanceSession Chair: Glenda W. Kao, University of Illinois at Urbana and ChampaignAccounting Session 4: Government & Nonprofit AccountingSession Chair: Michael Schoderbek, Rutgers UniversityAccounting Session 5: Executive CompensationSession Chair: Joshua Ronen, NYU Stern School of BusinessFinance Session 7. OptionsSession Chair: Mao-Wei Hung, National Taiwan UniversityAccounting Session 6: International Accounting and Capital MarketsSession Chair: Elizabeth Gordon, Temple UniversityFinance Session 8: Market StructureSession Chair: Dan Weaver, RutgersFinance Session 9: Institutional InvestorsSession Chair: Jayant R. Kale, Georgia State UniversityAccounting Session 7: Firm DisclosureSession Chair: Teri Yohn, Indiana University BloomingtonFinance Session 10: Corporate FinanceSession Chair: Lemma Senbet, University of MarylandFinance Session 11: Investments IISession Chair: Mike Long, Rutgers UniversityAccounting Session 8: Financial ReportingSession Chair: Bharat Sarath, Rutgers UniversityFinance Session 12: TIPS and Cost of CapitalSession Chair: Carl R. Chen, Dayton UniversityAccounting Session 9: Financial Accounting and FinanceSession Chair: Randolph Beatty, University of Southern CaliforniaFinance Session 13: Special Topic: Financial CrisesSession Chair: Cheng Few Lee, Rutgers University

U. Twenty-first Conference: University of Maryland, November 12-13, 2010


Keynote Speakers: Myron Scholes, Stanford UniversityLuncheon Speakers: Michael Greenberger, University of Maryland

Program ChairsFinance: Lemma Senbet, Gurdip Bakshi

Accounting: Rebecca Hann, Stephen Brown

Executive Committee Members: Jeffery Abarbanell, University of North Carolina; Randolph Beatty, University of Southern California; Lawrence Brown, Georgia State University; Michael Clement, University of Texas; Martin Gruber, New York University; Yasushi Hamao, University of Southern California; Bikki Jaggi, Rutgers University; Kose John, New York University; Jayant Kale, Georgia State University; Oliver Kim, University of Maryland; Cheng-Few Lee, Rutgers University; Adam Reed, University of North Carolina; Ehud Ronn, University of Texas; Joshua Ronen, New York University; Lemma Senbet, University of Maryland; Charles Trzcinka, Indiana University; Teri Yohn, Indiana University

Sponsors: Center for International Business Education and Research (CIBER); Charles River Associates (CRA); Cornerstone Research; Pearson; Center for Financial Policy (CFP)

Session Titles:Friday, November 12 Session I:Finance: Executive Compensation and IncentivesChair: Kose John, New York UniversityFinance: Macro-financeChair: Robert McDonald, Northwestern UniversityAccounting: Current Issues: IFRS, the Financial Crisis, and Fair Value AccountingChair: Jim Wahlen, Indiana UniversitySessions II Finance: Corporate Finance IChair: Michael Weisbach, Ohio State University and NBERFinance: Asset Pricing IChair: Wayne Ferson, University of Southern CaliforniaAccounting: Market InefficiencyChair: Mohan Venkatachalam, Duke University

Saturday, November 13, 2010Sessions III Finance: Corporate GovernanceChair: William Longbrake, Executive-in-Residence, Center for Financial PolicyFinance: Asset Pricing IIChair: Jennifer Conrad, University of North CarolinaAccounting: DisclosureChair: Michael Kimbrough, University of MarylandSessions IV Finance: Corporate Finance IIChair: Vojislav Maksimovic, University of MarylandFinance: DerivativesChair: Charles Cao, Pennsylvania State University

Accounting: Accounting Information & Debt MarketsChair: K. R. Subramanyam, University of Southern CaliforniaSessions V Finance: Asset Pricing IIIChair: Robert Stambaugh, University of PennsylvaniaAccounting: Earnings QualityChair: Catherine Schrand, University of PennsylvaniaSessions VI Finance: Financial InstitutionsChair: Anjan Thakor, Washington University, St. Louis

V. Twenty-second Conference: Indiana University, November 18-19, 2011


Keynote Speaker (Dinner): George Constantinides, University of ChicagoKeynote Speaker (Luncheon): Martin Fridson, Fridson Investment Advisors

Program ChairsFinance: Charles TrzcinkaAccounting: Teri Lombardi Yohn


Session Titles:November 18 Friday Corporate Finance IChair: Lemma Senbet, University of MarylandAnalysts and the Stock MarketChair: Larry Brown, Georgia State UniversityCorporate Finance IIChair: Kose John, New York UniversityAttention, Information and PricingChair: Adam Reed, University of North Carolina Chapel HillDelegated PortfoliosChair: Zoran Ivkovich, Michigan State University

The Effectiveness of Governance MechanismsChair: Chris Hogan, Michigan State UniversityAsset Pricing IChair: George Constantinides, University of ChicagoEarnings ManagementChair: Jeffery Abarbanell, University of North Carolina Chapel HillNovember 19 SaturdayAsset Pricing IIChair: Ravi Jagannathan, Northwestern UniversitySEC Disclosure Policies and PracticesChair: Ross Jennings, University of Texas at AustinGovernance, Local Bias and Q TheoryChair: Michael Weisbach, The Ohio State UniversityVoluntary DisclosureChair: John Hassell, Indiana University - IUPUI

W. Twenty-third Conference: University of Southern California, November 16-17, 2012


Keynote Speaker (Dinner): David Hirshleifer, University of California IrvineKeynote Speaker (Luncheon): Wayne Guay, University of Pennsylvania

Program ChairsFinance: Yasushi HamaoAccounting: Randolph Beatty


Sponsors: The USC Marshall School of Business; SEC and Financial Reporting Institute; USC Marshall Finance & Business Economics Department

Session Titles:Friday, November 16, 2012 Session IFinance I: Asset Pricing I

Chair: Charles Trczinka, Indiana UniversityAccounting I: Earnings QualityChair: Larry Brown, Temple UniversitySessions IIFinance II-a: Asset Pricing IIChair: Adam Reed, University of North CarolinaFinance II-b: Compensation and Incentives for Non-ExecutivesChair: Kevin Murphy, University of Southern CaliforniaAccounting II: Corporate ControlChair: Michael Clement, University of Texas at AustinSessions IIIFinance III: Corporate Finance - International AspectsChair: Lemma Senbet, University of MarylandAccounting III: Global Financial ReportingChair: Siva Nathan, Georgia State UniversitySaturday, November 17, 2012Sessions IVFinance IV: Compensation and Incentives for ExecutivesChair: Cheng-Few Lee, Rutgers UniversityAccounting IV: Disclosure and Information DisseminationChair: Bikki Jaggi, Rutgers UniversitySessions VFinance V: Funding and CapitalChair: Gordon Phillips, University of Southern CaliforniaAccounting V-a: Financial Institution Disclosure IssuesChair: Joshua Ronen, New York UniversityAccounting V-b: EarningsChair: Paul Griffin, University of California DavisSessions VIFinance VI: Asset Pricing IIIChair: Christopher Jones, University of Southern CaliforniaAccounting VI: ForecastingChair: Max Hewitt, Indiana UniversitySessions VIIFinance VII: Corporate FinanceChair: Kose John, New York UniversityAccounting VII: Government, Regulation, and Market FrictionsChair: Xiumin Martin, Washington University in St. Louis

X. Twenty-fourth Conference: University of North Carolina, November 15-16, 2013


Keynote Speaker (Luncheon): John Graham, Duke University

Keynote Speaker (Dinner): Richard Green, Tepper School of Business Carnegie Mellon

Program ChairsFinance: Adam ReedAccounting: Jeffery Abarbanell

Executive Committee Members: Jeffery Abarbanell, University of North Carolina; Randolph Beatty, University of Southern California; Lawrence Brown, Georgia State University; Michael Clement, University of Texas; Martin Gruber, New York University; Yasushi Hamao, University of Southern California; Rebecca Hann, University of Maryland; Bikki Jaggi, Rutgers University; Kose John, New York University; Jayant Kale, Georgia State University; Cheng-Few Lee, Rutgers University; Siva Nathan, Georgia State University; Adam Reed, University of North Carolina; Ehud Ronn, University of Texas; Joshua Ronen, New York University; Lemma Senbet, University of Maryland; Charles Trzcinka, Indiana University; Teri Yohn, Indiana University

Session Titles:Friday, November 15, 2013 First Morning SessionAccounting Session 1: Earnings ManagementModerator: Teri Lombardi Yohn, Indiana UniversityFinance Session 1: CEOs and Corporate FinanceModerator: Geoff Tate, University of North CarolinaSecond Morning SessionAccounting Session 2: TaxModerator: Bharat Sarath, Rutgers UniversityFinance Session 2: Financial InstitutionsModerator: Anil Shivdasani, University of North CarolinaFirst Afternoon - Accounting Concurrent Session – BankingAccounting with Strong Finance InterestModerator: Rebecca Hann, University of MarylandFirst Afternoon SessionAccounting Session 3: Accounting Theory and EvidenceModerator: Jeffrey Abarbanell, University of North CarolinaFinance Session 3: Social NetworksModerator: Cheng-Few Lee, Rutgers UniversitySecond Afternoon SessionAccounting Session 4: CompensationModerator: Eva Labro, University of North CarolinaSecond Afternoon - Finance Concurrent SessionFinance with Strong Accounting InterestFinance: Asset PricingModerator: Riccardo Colacito, University of North CarolinaFinance Session 4: Hard and Soft InformationModerator: Matt Ringgenberg, Washington University - St. LouisSaturday, November 16, 2013

First Morning SessionAccounting Session 5: Regulation and DisclosureModerator: Joshua Ronen, New York UniversityFinance Session 5: Management and Operations in Corporate FinanceModerator: Kose John, New York UniversitySecond Morning SessionAccounting Session 6: Market EfficiencyModerator: Sean Wang, University of North CarolinaFinance Session 6: Institutional InvestorsModerator: Charles Trzcinka, Indiana University

Y. Twenty-fifth Conference: Georgia State University, November 14-15, 2014


Keynote Speaker (Dinner): Franklin Allen, Imperial College London

Program ChairsFinance: Vikas AgarwalAccounting: Siva Nathan

Executive Committee Members: Georgia State UniversityAccounting: Siva NathanFinance: Vikas Agarwal

Indiana UniversityAccounting: Teri YohnFinance: Charles Trzcinka

New York UniversityAccounting: Joshua RonenFinance: Kose JohnFinance (Emeritus): Martin Gruber

Rutgers UniversityAccounting: Bharat SarathFinance: Cheng-Few Lee

University of MarylandAccounting: Rebecca HannFinance: Gurdip Bakshi

University of North CarolinaAccounting: Jeffery AbarbanellFinance: Adam Reed

University of Southern CaliforniaAccounting: Randolph BeattyFinance: Yasushi Hamao

University of TexasAccounting: Michael ClementFinance: Ehud Ronn

Honorary MembersLawrence D. Brown, Georgia State University (Emeritus) and Temple UniversityFrank C. Jen, University at Buffalo (Emeritus)

Session Titles:Friday, November 14, 2014First Afternoon Session

Accounting Session 1: AnalystsChair: Matt DeAngelis, Georgia State UniversityFinance Session 1Chair: Omesh Kini, Georgia State UniversitySecond Afternooon SessionAccounting Session 2: Earnings UsefulnessChair: Sean Cao, Georgia State UniversityFinance Session 2Chair: Harley (Chip) Ryan, Georgia State UniversitySaturday, November 15, 2014First Morning SessionAccounting Session 3: Earnings Management and Financial Statement IrregularitiesChair: Carlo D’Augusta, Georgia State UniversityFinance Session 3Chair: Vikas Agarwal, Georgia State UniversitySecond Morning SessionAccounting Session 4: DisclosuresChair: Laura Swenson, Georgia State UniversityFinance Session 4Chair: Ajay Subramanian, Georgia State UniversityFirst Afternoon SessionAccounting Session 5: Regulation and Insider TradingChair: Quinn Swanquist, Georgia State UniversityFinance Session 5Chair: Lixin Huang, Georgia State UniversitySecond Afternooon SessionAccounting Session 6: Corporate Governance and Management Forecasts Chair: Doug Stevens, Georgia State UniversityFinance Session 6Chair: Mark Chen, Georgia State University

Documents

Second Decade Review of the Annual Conference oncenterforpbbefr.rutgers.edu/26thFEA/FEA History--2015Oct... · Web viewHistory of the Annual Conference on Financial Economics and