INTACCT International Workshop
University of Economics - Varna
23-25 September 2009
Below you will find more information on this event.
Program for the INTACCT seminar on Accounting research:
Led by Prof. Ilia D. Dichev, Emory University, USA
Day 1, 23rd September 2009
Morning session only: Introduction to empirical research methods and tools
9.00 - 10.30 - First part of the presentation
10.30 - 10.45 - Coffee break
10.45 - 12.00 - Second part of the presentation
12.00 - 13.00 - Lunch
19.00 - Dinner
This session is restricted to the faculty and students of the Varna University of Economics and will be partly or mostly in Bulgarian. There may be some more formal presentation and a plan on what to cover and this can be adjusted according to feedback and preferences from the participants.
Background reading: Burgstahler, David C., and Ilia D.Dichev, Earnings, adaptation, and equity value, The Accounting Review 72, 187-215.
Day 2, 24th September 2009
Morning session: Accruals and Earnings Quality
9.00 - 10.30 - First part of the presentation
10.30 - 10.45 - Coffee break
10.45 - 12.00 - Second part of the presentation
12.00 - 13.00 - Lunch
Dechow, Patricia, 1994, Accounting earnings and cash flows as measures of firm performance: The role of accounting accruals, Journal of Accounting and Economics 18, 3-42.
Dechow, Patricia, and Ilia Dichev, 2002, The quality of accruals and earnings: The role of accrual estimation errors, The Accounting Review 77 (Supplement), 35-59.
Francis, Jennifer, Ryan LaFond, Per M. Olsson and Katherine Schipper, 2004, Costs of equity and earnings attributes, The Accounting Review 79, 967-1010.
Afternoon session: Accruals and the Accrual Effect
14.00 - 15.30 - First part of the presentation
15.30 - 15.45 - Coffee break
15.45 - 17.00 - Second part of the presentation
19.00 - Dinner
Sloan, Richard, 1996, “Do stock prices fully reflect information in accruals and cash flows about future earnings?”, The Accounting Review 71, 289-315
Richardson, Scott A, Richard G. Sloan, Mark T. Soliman, Irem Tuna, 2005, Accrual reliability, earnings persistence and stock prices, Journal of Accounting and Economics 39, 437-485.
Fun hour:
The distribution of Top 3 accounting journal articles cites over long horizons.
Examine the supplied graph and ponder the implications of this graph for a career as an accounting researcher.
Day 3, 25th September 2009
Morning session only: Dollar Weighted Returns
9.00 - 10.30 - First part of the presentation
10.30 - 10.45 - Coffee break
10.45 - 12.00 - Second part of the presentation
12.00 - 13.00 - Lunch
Dichev, Ilia, 2007, What are stock investors’ actual historical returns? Evidence from dollar-weighted returns, American Economic Review 97, 386-401.
Dichev, Ilia, and Gwen Yu, 2009, “Higher risk, lower returns: What hedge fund investors really earn”, Working paper, University of Michigan and Emory University.
Fun hour: The Matrix.
Write down what you consider 8 important accounting or accounting-related variables and events. Examples could be “Sarbanes-Oxley”, “Abnormal accruals”, “Cost of capital”, “Executive compensation”.
Your matrix will be produced by treating your variables as rows and columns of a 8X8 matrix.
Consider that each of the cells of this matrix could be a potential paper, e.g., taking the intersection of “Executive compensation” and “Abnormal accruals” produces something like “Does executive compensation affect (abnormal) accruals?”
Consider the pros and cons of using the Matrix to come up with research ideas.