EIASM WORKSHOP ON ACCOUNTING AND ECONOMICS

IE
Building, Segovia, Spain
June 7 - June 8, 2012

PROGRAM

Thursday, June 7

From 8:00 / Registration
Plenary I: Financial Accounting
9:00-9:15 / Introduction
Alfred Wagenhofer
Marco Trombetta
9:15-10:30 / Haresh Sapra: The Dark Side of Financial Reporting Transparency
10:30-11:00 / Coffee Break
A1 Incentive contracts / B1 Management accounting
11.00-12:30 / Jonathan Glover:
EXPLICIT AND IMPLICIT INCENTIVES FOR MULTIPLE AGENTS
Discussant:Christian Hoffmann / Eva Labro/Vic Anand/
Ramji Balakrishnan:
EQUILIBRIUM COST SYSTEMS
Discussant:John Christensen
Naomi Rothenberg/
Christian Hofmann:
INTERIM PERFORMANCE MEASURES AND PRIVATE INFORMATION
Discussant:Richard Souma / Ehsan Khansalar/Stuart McLeay:
THE CONSISTENT ESTIMATION OF FUTURE CASH FLOW:
AN ACCOUNTING PREDICTION MODEL WITH DOUBLE ENTRY CONSTRAINT
Discussant:Georg Schneider
12.30-13.30 / Lunch
A2 Incentive contracts / B2 Market equilibria
13.30-15.00 / Christian Hofmann/Shane Dikolli/
Thomas Pfeiffer:
ACCOUNTING FOR NET PERFORMANCE IN MANAGERIAL COMPENSATION CONTRACTS
Discussant: Eva Labro / Alexander Bleck:
SOCIAL VALUE OF PUBLIC INFORMATION AND THE MARKET
Discussant:Peter Christensen
Francois Larmande:
VOLUNTARY AMBIGUITY IN COMPRESSED INCENTIVE CONTRACTS
Discussant:Sabine Böckem / Stefan Schantl:
EARNINGS MANAGEMENT, DIFFERENTIAL INTERPRETATION, AND INVESTOR SOPHISTICATION
Discussant:Konrad Lang
15.00-15.30 / Coffee Break
A3 Compensation and Auditing / B3 Information in markets
15.30-17.45 / Robert F. Goex:
SAY ON PAY DESIGN, EXECUTIVE PAY, AND BOARD DEPENDENCE
Discussant: Jon Glover / Marwa El Nahass:
ARE BARGAIN PURCHASE GAINS VALUE RELEVANT? EMPIRICAL EVIDENCE UNDER IFRS
Discussant:Nieves Carrera
Oliver Michael Duerr/
Robert F. Goex:
THE IMPACT OF A BONUS REGULATION ON LENDING VOLUMES AND INTEREST RATES IN INTERNATIONAL LENDING MARKETS
Discussant:Naomi Rothenberg / Christina Dargenidou/Ian Tonks/
Fanis Tsoligkas:
WHEN IS INSIDER TRADING A CREDIBLE SIGNAL IN CORPORATE ACQUISITIONS?
Discussant: Garen Markarian
Ulrike Stefani/Christopher Bleibtreu:
THE INTERDEPENDENCE BETWEEN AUDIT MARKET STRUCTURE AND THE QUALITY OF FINANCIAL REPORTING: THE CASE OF NON-AUDIT SERVICES
Discussant: Jan Martini / Andrea Menini/Fabrizio Cerbioni/
Antonio Parbonetti:
ACCOUNTING FOR BRANDS AND ANALYSTS’ FORECAST PROPERTIES
Discussant:Robert Watson
From 19.30 / Informal Get-Together

Friday, June 8

A4 Disclosure / B4 Banks and fair value
9.00-10.30 / Roland Koenigsgruber/
Anna Boisits:
INFORMATION ACQUISITION AND DISCLOSURE BY FIRMS IN THE PRESENCE OF ADDITIONAL AVAILABLE INFORMATION
Discussant:Tiago Pinheiro / Jannis Bischof/Holger Daske:
CAN SUPERVISORY DISCLOSURE MITIGATE BANK OPAQUENESS AND REDUCE UNCERTAINTIES DURING A FINANCIAL CRISIS? EVIDENCE FROM THE EU-WIDE STRESS-TESTING EXERCISES
Discussant:Marco Trombetta
Konrad M. Lang:
MEETING OR BEATING FORECASTS AND UNCERTAIN EARNINGS BONUSES
Discussant:Roland Königsgruber / Thorsten Sellhorn/Maximilian Müller/Edward J. Riedl:
RECOGNITION VERSUS DISCLOSURE OF FAIR VALUES
Discussant:Antonio Parbonetti
10:30-11:00 / Coffee Break
A5 Earnings management and fair value / B5 Cost of debt
11.00-12:30 / Tiago Pinheiro:
EARNINGS MANIPULATION, MANAGERIAL COMPENSATION, AND REPUTATION CONCERNS
Discussant:Oliver Michael Dürr / Francesca Franco/Florin Vasvari/
Oktay Urcan:
THE VALUE OF CORPORATE DIVERSIFICATION: A DEBT MARKET PERSPECTIVE
Discussant:Miles Gietzmann
Radhika Lunawat/Shubhashis Gangopadhyay/Clas Wihlborg:
CONTRACTUAL EFFECTIVENESS OF FAIR VALUE ACCOUNTING
Discussant:Alexander Bleck / MahmoudDashtbayaz Lari/
Ehsan Khansalar/Stuart McLeay:
CASH FLOW ACCOUNTING AND THE COST OF DEBT
Discussant:Manuel Nuñez
12.30-13.30 / Lunch
A6 Management accounting / B6 Earnings management
13.30-15:00 / Richard Souma:
ON THE OPTIMALITY OF PARTICIPATORY BUDGETING
Discussant:Christian Riegler / Thomas Loy:
EMPLOYEE CO-DETERMINATION OF GERMAN PRIVATE COMPANIES: SMOOTH EARNINGS AS A JOB PROTECTION INSTRUMENT?
Discussant:Mahmmoud Ezzamel
Jan ThomasMartini/Hermann Jahnke:
LOWER PRICE LIMITS FOR FLAT-FEE SERVICE CONTRACTS UNDER RISK
Discussant:Jörg Budde / Antonio Parbonetti/Elisabetta Ipino:
MANDATORY IFRS ADOPTION: THE TRADE-OFF BETWEEN
ACCRUAL AND REAL-BASED EARNINGS MANAGEMENT
Discussant:Ann Gaeremynck
15.00-15.30 / Coffee Break
Plenary II: Politics of Accounting
15.30-16.45 / Robert Magee
16.45-17.00 / Closing
John Christensen