Journal of Accounting & Economics Conference

Simon Business School The University of Rochester October 15-17, 2015

Thursday, October 15, 2015 7:00 – 10:30 p.m. Welcome Reception – Main Street Gallery Hyatt Regency 125 E Main Street Rochester, NY 14604 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, 3rd/4th 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, 3rd/4th Floors 10:15 – 11:45 am 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 – 1:15 p.m. Luncheon Interfaith Chapel, River Level Guest Speaker: Joel Seligman, President, University of Rochester 12:15 p.m. – 12:45 p.m. 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, 3rd/4th 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 5:00 p.m. Buses arrive at University of Rochester (pick-up on Wilson Blvd. opposite Schlegel Hall) for departure to Hyatt Regency Hotel 5:15 p.m. Buses depart University of Rochester for Hyatt Regency Hotel 6:30 p.m. Buses arrive at Hyatt Regency Hotel 6:45 p.m. Buses depart Hyatt Regency Hotel for dinner, Memorial Art Gallery, 500 University Avenue (585) 276-8900 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.) 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, 3rd/4th 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, 3rd/4th 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, 3rd/4th Floors

General Contact Information: Gail Pratt ([email protected]) Christina Pero ([email protected]) Joanna Wu ([email protected])

General Information: Hotel: Hyatt Regency Hotel (585) 456-1234 Transportation: Brighton/Henrietta Taxi - (585) 747-6161 Airport Taxi - (585) 235-0508 Webster Penfield Airport Taxi - (585) 671-9799 Checker Cab (585) 325-2460 Rochester Quality Transportation (585) 455-8295 Conference Website: http://simon.rochester.edu/faculty-and- research/conferences/journal-of-accounting-and-economic- conference/index.aspx