2009 CAPANA Conference
July 2-3, 2009
Beijing, China

The Chinese Accounting Professors’ Association of
North America’s Second Annual Research Conference

CONFERENCE PAPERS

Bondholder Activism and Delay in Financial Reporting (pdf)
* Yu Gao (University of Minnesota), Yuan Gao
Discussant: Shyam Sunder (Northwestern University)

Internal Control Weakness and Bank Loan Contracting: Evidence from SOX Section 404 Disclosures (doc)
Jeong-Bon Kim, * Yang (Byron) Song (Concordia University), Liandong Zhang
Discussant:Mozaffar Khan (MIT)

The insurance effect of audit service in a regulated market: A case analysis of Big 4 clients in China (doc)
Feng Liu, * Xijia Su (City University of Hong Kong), Minghai Wei
Discussant: Kevin Chen (Hong Kong University of Science and Technology)

Relative Performance Evaluation and Related Peer Groups in Executive Compensation Contracts (pdf)
* Guojin Gong (Penn State University), Laura Yue Li, Jae Yong Shin
Discussant: Mary Ellen Carter (Boston College)

Banks’ Asset Securitization and Information Uncertainty (pdf)
* Mei Cheng (University of Arizona), Dan Dhaliwal , Monica Neamtiu
Discussant: Mark Kohlbeck (Florida Atlantic University)

Relationship-Specific Investment and Accounting Conservatism: Effect of Customers and Suppliers (doc)
Charles Chen, Zengquan Li, Xijia Su, * Yiwei Yao (City University of Hong Kong)
Discussant: Dan Givoly (Penn State University)

Earnings Smoothing Activities of Firms to Manage Credit Ratings (doc)
Boochun Jung
Naomi Soderstrom
* Sunny Yang (UT-Austin)
Discussant: Daniel Cohen (New York University)

The Spillover Effect of Fraudulent Financial Reporting on Peer Firms’ Investment Efficiency (pdf)
Anne Beatty,Scott Liao, * Jiewei Yu (Southern Methodist University)
Discussant: Mark Bradshaw (University of Chicago)

Poster Session Papers: (For each of the papers included in the poster session, we find a more senior researcher to provide constructive comments, just like a referee. The author of the paper and the corresponding senior faculty can choose a convenient time to discuss the paper, or use the designated time, 5-6pm on July 2nd.)

• Earnings management, incentive contracts, private information acquisition and production efficiency by Derek K. Chan and Jie Gao – University of Hong Kong. (Assigned Senior Faculty: Pierre Liang)
• Internal control and accounting conservatism by Beng Wee Goh and Dan Li – Tsinghua University (Assigned Senior Faculty: Mozaffar Khan)
• Market Pricing of Banks’ Fair Value Assets Reported under SFAS 157 during the 2008 Economic Crisis by Beng Wee Goh – Singapore Management University, Jeffrey Ng, and Kevin Ow Yong. (Assigned Senior Faculty: Mark Kohlbeck)
• Earnings Surprises and the Cost of Debt Capital: Evidence from the Credit Default Swap Market by Sanjian Zhang – McGill University - and Gaiyan Zhang. (Assigned Senior Faculty: Oliver Li)
• Have auditors become more conservative in the post-sox era? A study of accruals quality, fees, and auditor resignations by Gopal V. Krishnan, Lili Sun – University of North Texas – and Qian Wang. (Assigned Senior Faculty: Bin Ke)
• An Empirical Analysis of Audit Committee Characteristics and Earnings Restatements by Rong Yang - State University of New York at Brockport. (Assigned Senior Faculty: Qiang Cheng)