All classes take place at Formica Classroom at Fuqua. Here is a map of Fuqua. Day Parking is available at the Science Drive Garage by the corner of Science Dr. and Cameron Blvd.
Day 1: May 23
07:30 – 08:30 Breakfast and Registration
08:30 – 10:00 From Edgeworth to Market Failure and “Back”
Thomas Hemmer
10:00 – 10:30 Break
10:30 – 12:00 Cheap Talk and Biased Disclosures
Thomas Hemmer
12:00 -13:00 Lunch
13:00 – 14:30 The Revelation Principle, Optimal Contract and Earnings Management, part I
Thomas Hemmer
14:30 – 15:00 Break
15:00 – 16:30 The Revelation Principle, Optimal Contract and Earnings Management, part II
Thomas Hemmer
16:45 – 17:45 Paper presentations:
Kyle Jung (Stanford) Learning or Catering? Effect of Managerial Myopia on Disclosure and Investment Feedback;
Xixi Xiao (Rochester) News from afar: The information role of nonlocal investors in guiding investment decisions
Irina Luneva (Wharton) What does the market know?
18:00 – 19:00 Dinner
Day 2: May 24
07:30 – 08:30: Breakfast
08:30 – 10:00 Real Effects of Conservatism on the Information Content of Accounting Reports
Chandra Kanodia
10:00- 10:30 Break
10:30 – 12:00 How Selective Disclosures are Rationally Interpreted and Priced in Capital Market
Chandra Kanodia
12:00 – 13:00 Lunch
13:00 – 14:30 A Balance Sheet View of Accruals
Qi Chen
14:30 – 15:00 Break
15:00 – 16:30 Coordination Role of Public Information and Accounting Standards
Qi Chen
16:45 – 18:00 Paper Presentations
Rishabh Aggarwal (Stanford) Dynamics of Voluntary Disclosure and Investment Efficiency
Yahui (Katie) Zheng (Rochester) Voluntary Disclosure and Retail Trading Increase
Meiling Zhao (Arizona) Timely Signals of Systematic Audit Quality from Market Participants: Evidence from Activist Short-Seller Campaigns
Shuyan Wang (Duke) The Effects of Fundamental Transparency on Commodity Futures Market Liquidity
18:00 – 19:00 Dinner
Day 3: May 25
07:30 – 08:30: Breakfast
08:30 – 10:00 Information in Financial Markets and Its Real Effects I
Itay Goldstein
10:00- 10:30 Break
10:30 – 12:00 Information in Financial Markets and Its Real Effects II
Itay Goldstein
12:00 – 13:00 Lunch
13:00 – 14:30 Real Effects of Accounting Measurement, Part I
Chandra Kanodia
14:30 – 15:00 Break
15:00 – 16:30 Real Effects of Accounting Measurement, Part II
Chandra Kanodia
16:30 – 18:30 Happy hour and dinner