Workshops

Accounting and Finance Research Workshop

Program

Accounting and Finance Research Workshop

December 8-9, 2008
Cho Yiu Conference Hall, CUHK

Program

Co-organized by
Institute of Economics and Finance and
Center for Institutions and Governance
The Chinese University of Hong Kong, Hong Kong SAR, China
In collaboration with
Tsinghua University, China

Monday, December 8

8:30-9:00am
Venue:
Registration
Lobby, Cho Yiu Conference Hall, University Administration Building, Central Campus, CUHK
(香港中文大学中央校园大学行政楼祖尧堂大厅)
9:00-9:10am

Dean’s Welcome Speech

9:10-9:50am
Speaker:

Keynote Speech: How Not to Reform a Banking System
Randall Morck, University of Alberta (Slides)

Session I
Chair:

Xing Xiao, Tsinghua University

9:50-10:40am
Presenter:
Discussant:

Does Earnings Acceleration Convey Information?
Ying Cao, The Chinese University of Hong Kong (Slides)
Joseph Piotroski, Stanford University (Slides)

10:40-11:00am

Coffee Break

11:00-11:50am
Presenter:
Discussant:

Pre-IPO Media Exposure and Discretionary Accruals in Initial Public Offerings
Albert Tsang, The Chinese University of Hong Kong (Slides)
Oliver Li, University of Arizona(Slides)

12:00-2:00pm
Venue:

Lunch Break
Staff Common Room Clubhouse, University Guest House I, CUHK
(香港中文大学逸夫校园大学宾馆一座教职员会所餐厅)

Session II
Chair:

Kun Wang, Tsinghua University

2:00-2:50pm
Presenter:
Discussant:

Managerial Entrenchment, Dividend Policy and Capital Structure
Hao Wang, Tsinghua University
Stuart Gillan, Texas Tech University (Slides)

2:50-3:40pm

Competition among Mutual Funds

Presenter: Albert (Yan) Wang, The Chinese University of Hong Kong (Slides)
Discussant: Dragon Tang, The University of Hong Kong (Slides)
3:40-4:00pm

Coffee Break

 
Session III
Chair:

Ning Jia, Tsinghua University

4:00-4:50pm
Presenter:
Discussant:

The Value of Independent Directors: Evidence from Sudden Deaths
Kasper Meisner Nielsen, The Chinese University of Hong Kong (Slides)
Randall Morck, University of Alberta (Slides)

4:50-5:40pm
Presenter:
Discussant:

Globalization and Executive Compensation: An Analysis of Pay Practices in U.K. Companies
Joseph Piotroski, Stanford University
George Yong Yang, The Chinese University of Hong Kong (Slides)

Tuesday, December 9

 

Session IV

Panel Discussion of China Issues

Chair:

Randall Morck, University of Alberta

9:00-12:00pm

Financial Strategies for Nation Building

Speaker:

Zhiwu Chen, Yale University (Slides)

 

Corporate Empire Building and China’s Growth

Speaker:

Joseph P.H. Fan, The Chinese University of Hong Kong (Slides)

 

Institutions, Relationship-based Contracting and the Role of Accounting in Chinese Listed Firms

Speaker:

TJ Wong, The Chinese University of Hong Kong

10:40-11:00am

Coffee Break

11:50-12:00pm

Group Photo-shooting

12:10-2:00pm

Lunch Break

Venue:

Chung Chi College Staff Club, CUHK
(香港中文大学崇基学院教职员联谊会)

Session V
Chair:

Mei Luo, Tsinghua University

2:00-2:50pm
Presenter:
Discussant:

Why does the Reaction to News Announcements Vary across Countries?
John Griffin, University of Texas at Austin
Zhiwu Chen, Yale University (Slides)

2:50-3:40pm Challenges for Implementation of Fair Value Accounting in Emerging Markets: Evidence from IFRS Adoption in China
Presenter:
Discussant:
Danqing Young, The Chinese University of Hong Kong (Slides)
Min Wu, The University of Hong Kong (Slides)
3:40-4:00pm

Coffee Break

4:00-4:50pm
Presenter:
Discussant:

Adoptive Expectations: Rising Son Tournaments in Japanese Family Firms
Yupana Wiwattanakantang, Hitotsubashi University
Bang Nguyen Dang, The Chinese University of Hong Kong (Slides)

4:50pm

Closing Remark