Thursday, October 15, 2015

7:00 – 10:30 p.m. – Welcome Reception

Main Street Gallery
Hyatt Regency
125 E Main Street
Rochester, NY 14604

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Friday, October 16, 2015

7:00 – 8:30 a.m. – Buses arrive at Hyatt Regency Hotel, Main Street Entrance.

• Buses loop every 15 minutes from Hyatt to Gleason Hall (drop-off on Wilson Blvd. opposite Schlegel Hall) until 8:30 a.m.

7:30 – 8:10 a.m. – Registration/Breakfast

• Gleason Lobby, 3^rd/4^th Floors

8:10 – 8:15 a.m. – Opening Remarks

8:15 – 9:45 a.m. – Session I – Gleason Hall, Rooms 318/418

Moderator: Robert Holthausen (University of Pennsylvania)
Paper: “Accounting data, market values, and the cross section of expected returns worldwide”
Authors:

• Akash Chattapadhyay (Harvard University
• Matthew Lyle (Northwestern University)
• Charles Wang (Harvard University)

Discussant: Scott Richardson (London Business School)

9:45 – 10:15 a.m. – Break – Gleason Lobby, 3^rd/4^th Floors

10:15 – 11:45 a.m. – Session II – Gleason Hall, Rooms 318/418

Moderator: Wayne Guay (University of Pennsylvania)
Paper: “The economic consequences of extending the use of fair value accounting in regulatory capital calculations”
Authors:

• Justin Chircop (Lancaster University)
• Zoltan Novotny-Farkas (Lancaster University)

Discussant: Christian Laux (WU Vienna)

11:45 a.m – 1:15 p.m. – Luncheon – Interfaith Chapel, River Level

Guest Speaker: Joel Seligman, President, University of Rochester

1:15 – 2:45 p.m. – Session III – Gleason Hall, Rooms 318/418

Moderator: Joanna Wu (University of Rochester)
Paper: “Using unstructured and qualitative disclosure to explain accruals”
Authors:

• Richard Frankel (Washington University, St. Louis)
• Jared Jennings (Washington University, St. Louis)
• Joshua Lee (Florida State University)

Discussant: Gerard Hoberg (University of Southern California)

2:45 – 3:15 p.m. –  Break – Gleason Lobby, 3^rd/4^th Floors

3:15 – 4:45 p.m. – Session IV – Gleason Hall, Rooms 318/418

Moderator: S.P. Kothari (Massachusetts Institute of Technology)
Paper: “Guiding through the fog: Financial statement complexity and voluntary disclosure”
Authors:

• Wayne Guay (University of Pennsylvania)
• Delphine Samuels (University of Pennsylvania)
• Daniel Taylor (University of Pennsylvania)

Discussant: Mark Lang (University of North Carolina, Chapel Hill

4:45 – 5:00 p.m. – Tribute to Ross Watts and Jerold Zimmerman

Speaker: S.P. Kothari (Massachusetts Institute of Technology)

Dinner

Memorial Art Gallery
500 University Avenue
Rochester, NY 14607

6:30 and 6:45 p.m. – Buses depart the Hyatt (Main Street Entrance)

7:00 – 8:00 p.m. – Cocktail Reception, Grand Ballroom

8:00 – 10:00 p.m. – Dinner

9:45 – 10:30 p.m. – Buses depart the Memorial Art Gallery and return guests to the Hyatt (buses will loop continuously between the MAG and Hyatt until 10:30 p.m.)

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Saturday, October 17, 2015

7:00 – 8:30 a.m. – Buses arrive at Hyatt Regency Hotel, Main Street Entrance.

• Buses will loop between Hyatt and Gleason Hall until 8:30 a.m. (drop-off on Wilson Blvd. opposite Schlegel Hall)

7:30 – 8:30 a.m. – Breakfast – Gleason Lobby, 3^rd/4^th Floors

8:30 – 10:00 a.m.- Session V – Gleason Hall, Rooms 318/418

Moderator:  John Core (Massachusetts Institute of Technology)
Paper: “Rank and file employees and the discovery of misreporting: The role of stock options”
Authors:

• Andrew Call (Arizona State University)
• Simi Kedia (Rutgers University)
• Shivaram Rajgopal (Columbia University)

Discussant: Richard Sloan (University of California, Berkeley)

10:00 – 10:30 a.m. – Break – Gleason Lobby, 3^rd/4^th Floors

10:30 – 12 noon – Session VI – Gleason Hall, Rooms 318/418

Moderator: Robert Holthausen (University of Pennsylvania)
Paper: “Is the risk of product market predation a cost of disclosure?”
Author:

• Darren Bernard (University of Washington)

Discussant: Nemit Shroff (Massachusetts Institute of Technology)

12:00 p.m. – Box Lunch – Gleason Lobby, 3^rd/4^th Floors