讲座一：

报告题目：Do Analysts Account for Managers’ Aggressive Accounting Practices? Evidence from Audit Adjustments

报告人：马涛  德克萨斯理工大学Rawls商学院会计学助理教授

时间：2018年6月29日(星期五)  8:30-10:00

地点：商学院新大楼318会议室

邀请部门：会计学系、公司财务研究所

报告简介：

Prior studies find mixed evidence on whether analysts account for earnings management. Using auditor adjustments to infer earnings management, we find that analysts account for a large part of managers’ aggressive accounting practice and that the extent to which analysts account for earnings management is higher for firms with larger institutional ownership and for firms with higher analyst following. Further, our results remain qualitatively the same when we consider auditors’ ability and incentive to adjust firms’ earnings management. Our study provides a new perspective of earnings management that has not been studied by prior studies and sheds light on the debate whether analysts account for earnings management when forecasting earnings.

 

讲座二：

报告题目：Customer Accounting Quality and Suppliers’ Cash Holdings

报告人：马涛  德克萨斯理工大学Rawls商学院会计学助理教授

时间：2018年6月29日(星期五)  10:30-12:00

地点：商学院新大楼205会议室

邀请部门：会计学系、公司财务研究所

报告简介：

We examine how customers’ accounting quality affects suppliers’ cash holdings along the supply chain. We document that suppliers hold more cash when transacting with customers with low accounting quality, and this effect is stronger when suppliers are financially constrained. In addition, we find suppliers’ cash holdings are sensitive to customers’ accounting quality only when suppliers are from competitive industries, suggesting that suppliers bear the costs of holding more cash when industry competition is high. In addition, our results are not driven by the asymmetric relation arising from customers that are larger than their suppliers. Lastly, customers with lower accounting quality use more trade credit and suppliers experience a longer period converting this trade credit into cash. Overall, our results show that customers’ accounting quality exerts an externality on suppliers’ liquidity policy through trade credit.

 

报告人简介：

马涛，在美国华盛顿大学圣路易斯分校（Washington University in St. Louis）获得博士学位，现任美国德克萨斯理工大学（Texas Tech University）商学院助理教授，研究方向为会计信息质量、企业债务融资、以及管理层薪酬与公司治理等方面，相关成果发表在Review of Accounting Studies, Accounting Horizons, Journal of International Accounting Research, Journal of Business Finance & Accounting等顶尖学术期刊上。