The last two years have marked a time of great change for capital markets, with the promise of more to come due to an ongoing recession and changes in financial regulation. Issues in capital markets were the focus of Empirical Methods in Capital Markets-Based Accounting Research, a conference held May 14-15, 2009, in Singapore. It was hosted by the University of Notre Dame’s Center for Accounting Research and Education (CARE), and held in conjunction with the National University of Singapore. This was CARE’s first conference held in the Pacific Rim.
The keynote address, on research design issues, was delivered by Peter D. Easton, Notre Dame accountancy professor and director of CARE.
Other presenters included Joseph Piotroski of the Stanford University Graduate School of Business, Miao Bin of the National University of Singapore, Suraj Srinivasan of Harvard Business School, and Kevin Chen of Hong Kong University of Science and Technology Business School. There were about 50 attendees.
To date, the Pacific Rim has been an unmined field for significant accounting research, Easton said. “As the world continues to shrink, and transparency becomes more important, the Pacific Rim will take on a greater role in accounting standards, teaching and research. This was the first opportunity to gather academics from the Rim, the United States and Europe to discuss accounting research that is relevant to standards setters.”
Since 2005, CARE conferences have provided a forum where financial reporting experts explore contemporary valuation issues, such as trends in the debt market and short-selling practices. The conference are guided by an active advisory board, which includes senior faculty, investment professionals and editors from leading accounting journals, and offers a platform for younger faculty to highlight their work.
For more information about CARE or the conferences, including past conference presentations, visit http://www.nd.edu/~carecob/