8:30–9:00am

Registration

Venue:

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

Keynote Speech: How Not to Reform a Banking System

Speaker:

Randall Morck, University of Alberta (Slides)

Session I

Chair:

Xing Xiao, Tsinghua University

9:50–10:40am

Does Earnings Acceleration Convey Information?

Presenter:

Ying Cao, The Chinese University of Hong Kong (Slides)

Discussant:

Joseph Piotroski, Stanford University (Slides)

10:40–11:00am

Coffee Break

11:00–11:50am

Pre-IPO Media Exposure and Discretionary Accruals in Initial Public Offerings

Presenter:

Albert Tsang, The Chinese University of Hong Kong (Slides)

Discussant:

Oliver Li, University of Arizona (Slides)

12:00-2:00pm

Lunch Break

Venue:

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

Managerial Entrenchment, Dividend Policy and Capital Structure

Presenter:

Hao Wang, Tsinghua University

Discussant:

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

The Value of Independent Directors: Evidence from Sudden Deaths

Presenter:

Kasper Meisner Nielsen, The Chinese University of Hong Kong (Slides)

Discussant:

Randall Morck, University of Alberta (Slides)

4:50–5:40pm

Globalization and Executive Compensation: An Analysis of Pay Practices in U.K. Companies

Presenter:

Joseph Piotroski, Stanford University

Discussant:

George Yong Yang, The Chinese University of Hong Kong (Slides)

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

Why does the Reaction to News Announcements Vary across Countries?

Presenter:

John Griffin, University of Texas at Austin

Discussant:

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:

Danqing Young, The Chinese University of Hong Kong (Slides)

Discussant:

Min Wu, The University of Hong Kong (Slides)

3:40–4:00pm

Coffee Break

4:00–4:50pm

Adoptive Expectations: Rising Son Tournaments in Japanese Family Firms

Presenter:

Yupana Wiwattanakantang, Hitotsubashi University

Discussant:

Bang Nguyen Dang, The Chinese University of Hong Kong (Slides)

4:50pm

Closing Remark