2010 CAPANA Conference
June 30-July 2, 2010
Chengdu, China

The Chinese Accounting Professors' Association of
North America's Third Annual Research Conference

Conference Papers

“Guilty Until Proven Innocent: The Economic Consequences of the Initiation
and the Outcome of Internal Investigations of Option Backdating”
(Jingyu Li, Fayez A. Elayan,” Brock University; Thomas O. Meyer,
Southeastern Louisiana University)

Discussant: Pervin Shroff (University of Minnesota) [Paper] [Discussion]

“The Effect of Accounting versus Economic Determinants on the use of
Broad-based Option Plans” (Hemang Desai, Zining Li,* Southern Methodist
University; Suning Zhang, George Mason University)

Discussant: Mark Bradshaw (Boston College) [Paper] [Discussion]

“Short Sale Constraints, Heterogeneous Interpretations, and Asymmetric
Price Reactions to Earnings Announcements” (Eric Chang, Hong Kong
University; Jianguo Xu, McGill University; Liu Zheng,* Hong Kong University)

Discussant: Prem Jain (Georgetown University) [Paper] [Discussion]

“Intra-Industry Effects of Corporate Scandal Announcements in China”
(Xin Yu, Nanjing University; Peng Zhang, China Financial Futures Exchange;
Ying Zheng,* Zhongshan University)

Discussant: Donghui Wu (Hong Kong Polytechnic University) [Paper] [Discussion]

“The Effects of Auditors’ Pre-Client and Client-Specific Experience on
Earnings Quality and Perceptions of Earnings Quality: Evidence from Private
and Public Companies in Taiwan” (Wuchun Chi, National Chengchi
University; Linda A. Myers, University of Arkansas; Thomas C. Omer, Texas
A&M University; Hong Xie,* University of Kentucky)

Discussant: Ole-Kristian Hope (University of Toronto) [Paper] [Discussion]

“CEO compensation and fair value accounting: Evidence from purchase price
allocation” (Ron Shalev, Washington University; Ivy Zhang, University of
Minnesota; Yong Zhang,* Hong Kong University of Science and Technology)

Discussant: Daniel Cohen (New York University) [Paper] [Discussion]

“The Role of Managerial Overconfidence in the Design of Debt Covenants”
(Jayanthi Sunder, Shyam V. Sunder, Liang Tan,* Northwestern University)

Discussant: Sudipta Basu (Temple University) [Paper] [Discussion]

“Commitment to Disclosure and Firm Liquidity - Evidence from Smaller
Reporting Companies” (Lin Cheng, Ohio State University; Scott Liao,*
University of Toronto; Haiwen Zhang, Ohio State University)

Discussant: Jonathan Rogers (University of Chicago) [Paper] [Discussion]

Poster Session Papers:

“Hedge Fund Intervention and Accounting Conservatism,” C. Agnes Cheng, Henry Huang,

Yinghua Li* (Purdue University)
Senior Faculty: Sudipta Basu (Temple University)

“The Impact of Disclosures of Internal Control Weaknesses and Remediations on Investors'
Perceptions of Earnings Quality,” Luo He* (Concordia University), Daniel Thornton
Senior Faculty: Qiang Cheng (University of Wisconsin)

“Income Smoothing and Properties of Analyst Information Environment,” Wen He* (University
of New South Wales), Baljit K Sidhu, Hwee Cheng Tan
Senior Faculty: Zhaoyang Gu (University of Minnesota)

“Auditor Independence: Evidence On The Effect Of Nonaudit Fees On Sox 404 Auditor
Reporting Decisions,” Chan Li, K.K. Raman, Lili Sun*(University of North Texas)
Senior Faculty: Pervin Shroff (University of Minnesota)

“The Economics of Setting Auditing Standards,” Minlei Ye,* (University of Toronto), Dan
Simunic, Ralph Winter
Senior Faculty: Pierre Liang (Carnegie Mellon University)