Review of Accounting Studies (RAST) 2019 Conference

• Friday 13 December 2019
• Saturday 14 December 2019

9:45 - 11:30 am

Optional Tour

Venue: The Battlebox Museum at Fort Canning

12:00 - 12:50 pm 

Registration and Lunch 

12:50 - 1:00 pm 

Opening Remarks

Timothy Clark, Provost, Singapore Management University 

1:00 - 2:05 pm

Paper 1: 
“Does Financial Reporting Misconduct Pay Off Even When Discovered?” 

Authors: Dan Amiram (Tel Aviv University), Serene Huang (Columbia University), and Shivaram Rajgopal (Columbia University)  

Presenter: Shivaram Rajgopal (Columbia University)  
Discussant: Xia Chen (Singapore Management University) 
Moderator: Sean Shin (Singapore Management University)

2:05 - 2:15 pm  

Short Break

2:15 - 3:20 pm

Paper 2: 
“The Effects of MiFID II on Sell-Side Analysts, Buy-Side Analysts, and Firms” 

Authors: Bingxu Fang (University of Toronto), Ole-Kristian Hope (University of Toronto), Zhongwei Huang (City, University of London), and Rucsandra Moldovan (Concordia University) 

Presenter: Bingxu Fang (University of Toronto) 
Discussant: Andrew Call (Arizona State University) 
Moderator: Yanju Liu (Singapore Management University)

3:20 - 3:50 pm 

Tea Break 

3:50 - 4:55 pm

Paper 3: 
“Measuring Disclosure Using 8-K Filings” 

Authors: Jing He (University of Delaware) and Marlene Plumlee (University of Utah)  

Presenter: Marlene Plumlee (University of Utah) 
Discussant: Holly Yang (Singapore Management University) 
Moderator: Samuel Tan (Singapore Management University)

4:55 - 6:00 pm 

Free Time 

6:00 - 8:30 pm

Cocktail Reception followed by Dinner 

Venue: Lavender Ballroom, Hotel Fort Canning

8:15 - 8:45 am

Continental Breakfast

8:45 - 9:50 am

Paper 4: 
“Social Connections Between Media and Firm Executives and the Properties of Media Coverage” 

Authors: Yi Ru (Tsinghua University), Jian Xue (Tsinghua University), Yuan Zhang (University of Texas, Dallas), and Xin Zhou (XY Investments)

Presenter: Yuan Zhang (University of Texas, Dallas) 
Discussant: Christina Zhu (University of Pennsylvania) 
Moderator: Hye Sun Chang (Singapore Management University)

9:50 - 10:20 am 

Tea Break

10:20 - 11:25 am

Paper 5: 
"GDP Growth Incentives and Earnings Management: Evidence from China"  

Authors: Xia Chen (Singapore Management University), Qiang Cheng (Singapore Management University), Ying Hao (Beijing Normal University), and Qiang Liu (Chongqing University)  

Presenter: Qiang Cheng (Singapore Management University)  
Discussant: Jose M Carabias (London School of Economics) 
Moderator: Yin Wang (Singapore Management University)

11:25 - 11:35 am

Short Break

11:35 am - 12:40 pm 

Thought Piece: 
“Stock Compensation Expense, Cash Flows and Inflated Valuations” 

- Sanjeev Bhojraj (Cornell University) 

Paper 6: 

“Stock-Based Compensation, Financial Analysts, and Equity Overvaluation” 

Authors: Partha Mohanram (University of Toronto), Brian White (University of Texas, Austin), and Wuyang Zhao (University of Texas, Austin)

Presenter: Partha Mohanram (University of Toronto) 
Discussant: Sanjeev Bhojraj (Cornell University) 
Moderator: Travis Chow (Singapore Management University)

12:40 - 2:00 pm

Lunch 

2:00 - 3:05 pm

Paper 7: 
“Machine Learning Improves Accounting Estimates”  

Authors: Kexing Ding (Southwestern University of Finance & Economics), Baruch Lev (New York University), Xuan Peng (Southwestern University of Finance & Economics), Ting Sun (College of New Jersey), and Miklos Vasarhelyi (Rutgers University) 

Presenter: Ting Sun (College of New Jersey)  
Discussant: Jeremy Bertomeu (University of California, San Diego) 
Moderator: Richard Crowley (Singapore Management University)

3:05 - 3:15 pm 

Short Break

3:15 - 4:20 pm 

Paper 8: 
“High-Frequency Traders and Price Informativeness During Earnings Announcements” 

Authors: Neil Bhattacharya (Southern Methodist University), Bidisha Chakrabarty (Saint Louis University), and Frank Xu Wang (Saint Louis University)  

Presenter: Neil Bhattacharya (Southern Methodist University)  
Discussant: Sarah Zechman (University of Colorado Boulder) 
Moderator: Yun Lou (Singapore Management University)

4:20 - 4:35 pm

Update and announcement by RAST

4:35 - 4:50 pm 

Closing Remarks

Qiang Cheng, Dean of School of Accountancy, Singapore Management University 

4:50 - 6:00 pm

Free Time

6:00 - 8:30 pm 

Cocktail Reception followed by Gala Dinner 

Venue: EMPRESS at Asian Civilisations Museum