主講人：Liang Lihong
時間：12月20日下午15：30
地點：主樓418會議室
主講人介紹：
Liang Lihong，Syracuse University商學院會計系副教授（終身教職）、博士生導師，美國Georgetown University)訪問副教授。曾任教于George Washington University商學院會計系。她本科畢業于北京工業大學管理工程系，于美國Pennsylvania State University獲得會計學博士和碩士學位。主要講授課程：會計學原理和中級會計（本科、碩士、MBA）。曾獲美國喬治華盛頓大學教學優秀獎等多種獎項和基金。梁麗紅教授專注財務會計，金融市場信息利用、股票分析師行為金融市場信息利用、股票分析師行為領域學術研究，研究成果已在The Accounting Review，Contemporary Accounting Research，Review of Accounting Studies，Journal of Accounting and Public Policy，Accounting Horizons， Journal of Business, Finance and Accounting等國際學術雜志上上發表。梁麗紅教授擔任的學術兼職包括：現任Asian Review of Accounting客座主編， Contemporary Accounting Research，Review of Accounting Studies，Management Science等期刊和會議匿名審稿人等。
內容介紹：
This paper examines equity market perceptions of fair value reporting for tangible assets. We identify six events—four designated as increasing, two as decreasing—affecting the likelihood of US adoption of fairvalue reporting for investment property (i.e., real estate) assets, one of the largest asset classes in the world. Fair value adoption would facilitate convergence of US reporting for this asset (which currently requires depreciated historical cost) withIFRS (which requires either recognition or disclosure of fair values). Using a sample of US investment property firms, we document a significantly positive market reaction for movement towards fair value reporting. Consistent with cross-sectional predictions,we find this reaction is increasing for firms with greater commitment to high quality reporting, greater investor demand for fair values and convergence with international standards, and staler asset values. Using a sample of non-US investment property firms,we again document a positive market reaction for these non-US firms to the increased likelihood of fair value adoption in the US. We infer the results for the US (non-US) sample as consistent with anticipated net benefits from movement towards fair valuedue to expected improvements in information and/or comparability (comparability only—as the non-US firms already report fair values).
（承辦：會計系，科研與學術交流中心）
