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Wednesday, May 31, 2017

60 Scholars Participate in 3rd CEIBS Accounting and Finance Symposium

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May 16, 2017. Shanghai –"Governance and Financial Reporting Issues in a Changing Economic Environment" was the theme of the Third CEIBS Accounting and Finance Symposium which brought together around 60 scholars from the US and Asia. They gathered at CEIBS Shanghai Campus to discuss management accounting, governance and financial reporting issues related to the evolving and changing economic environment.

Organised by CEIBS Department of Finance and Accounting, the symposium aims to build a platform for finance and accounting scholars around the world to share their latest research findings and accelerate the Department’s academic development. Approximately 85 manuscripts were submitted to the symposium and six final papers covering diverse disciplines of accounting and finance were selected for discussion. Twelve speakers and discussants from renowned business schools in the US and Asia participated during the event.

In his welcome address, CEIBS Vice President and Dean Professor Ding Yuan noted how the Symposium echoes the school’s mission of “China Depth, Global Breadth” by having distinguished scholars from around the globe gather together to discuss research issues within both a Chinese and global context.

Here are a few highlights from the papers presented:

Leader Effects in Competition among Teams: Evidence from a Field Intervention” was the focus of the presentation by Professor Pablo Casas-Arce from School of Accountancy, Arizona State University. Prof. Casas-Arce’s research examines the interesting issue of how incentive schemes and leadership style affect team performance. The paper finds that providing explicit incentives to team leaders has a positive effect on team performance. However, these explicit incentives may also diminish the leader’s credibility among team members who attribute the leader’s behaviour to self-serving motives.

How collusion in the product markets affects firms' financial disclosure strategies”, presented by Professor Thomas Bourveau from The Hong Kong University of Science and Technology, looks at how the costs of illegal price-fixing affect firms’ disclosure quality. The paper provides evidence that firms reduced their description about their competitive environment in public disclosure despite an increase in competition following the dissolution of cartels. The findings highlight that firms might adapt their disclosure in order to avoid antitrust oversight.  

Shaping Disclosure: Evidence from a Quasi-Natural Experiment, the Shanghai-Hong Kong (SHK) Connect” examines how SHK Connect’s announcements (沪港通) affect disclosure by firms listed on the Shanghai Stock Exchange. The paper finds evidence supporting the theory that firms eligible for SHK Connect indeed improve their quality of disclosure; and this is especially true among firms that have been experiencing strong growth but are in need of cash.

Writer: 
Carol Zhao
Editor: 
Yuhchang Hwang
Photo Editor: 
Carol Zhao