The 16th TJAR Conference

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The 16th International Conference of
THE JAPANESE ACCOUNTING REVIEW
November 29, 2025
Jointly supported by RIEB Seminar

THE 16th INTERNATIONAL CONFERENCE

We are pleased to announce the 16th Interanational Conference of The Japanese Accounting Review (TJAR) to be held IN-PERSON and VIRTUALLY on November 29, 2025 at Rokkodai Campus of Kobe University in Japan.

REGISTRATION FEE

No Registration fee will be charged.

CONFERENCE PROGRAM

You can see the online program and in-person program here.
You can also download the conference programs below.
Program- Online Sessions.
Program- In-Person Sessions.
The last speaker will also act as the session moderator.

CONFERENCE PAPERS

Please download conference papers here.
(Please note only the registered participants and attendees receive the ID and password to access this page to download the papers.)

ONLINE REGISTRATION

The participants and attendees are kindly requested to register as soon as possible, no later than Thursday, November 13. Online registration can be made on the following link:
https://www.rieb.kobe-u.ac.jp/tjar/conference/registration_form/index.php

LUNCH

Please be reminded that no lunch service will be provided. There is one university canteen open from 11:30-13:30 at the Rokko 1st Campus. The school shops will be closed due to the weekend and there are no shops nearby, so please be minded of that.

PROGRAM - Online Sessions (Japan Standard Time)

Presentation: 18 mins Discussion: 7 mins Q&A: 5 mins

This is a tentative program. The program may be changed due to unexpected withdrawals.
Papers can be downloaded from this website for discussion purposes.
The zoom links will be announced on another web page later.
The last speaker of each session will also act as the session moderator.

Time	Program
9:10 - 9:20	Opening Remarks
	Laixun Zhao, TJAR Managing Editor, Kobe University Kimitaka Nishitani, Director of Research Institute for Economics and Business Administration, Kobe University
9:20 - 12:00	Zoom 1: Session 1
Moderator	Aolin Leng Northwestern Polytechnical University
	Speaker	Title	Discussant
	Eddie Hsiao University of Memphis	Abnormal Audit Fees: Cause of Impaired Audit Quality or Consequence of Unobserved Factors? Evidence from Robust Measures and Causal Analyses	Daphne Lau British University of Vietnam
	Jaekon Jung University of Hawai'i at Manoa (Co-author: Jian Zhou)	Do Auditors Care About Clients' Nonpublic Investigation by SEC?	Hoon Ha The State University of New York, Brockport
	Hoon Ha The State University of New York, Brockport	Audit Partner Social Media Oversharing and Audit Quality: Evidence from LinkedIn	Jaekon Jung University of Hawai'i at Manoa
	Daphne Lau British University of Vietnam	The Effect of Labor Market Immobility on the Structure of Syndicated Loans	Aolin Leng Northwestern Polytechnical University
	Aolin Leng Northwestern Polytechnical University (Co-author: Beiru Zhang)	COVID-19 Pandemic, Digital Transformation, and Loan Guarantees to Third Parties: Evidence from China	Eddie Hsiao University of Memphis
9:20 - 12:00	Zoom 2: Session 2
Moderator	Guanming He Durham University
	Speaker	Title	Discussant
	Zihan Guo Peking University (Co-authors: Shushu Jiang and Zhiming Ma)	Crowdsourced Employee Reviews and Municipal Finance	Guanming He Durham University
	Enshuai Yu Boston College (Co-authors: Sean Cao, Lijun Lei, and Susan Shu)	Beyond Disclosure: Signaling Corporate Ties on Social Media	Ling Yu Peking University
	Ling Yu Peking University (Co-authors: Guanming He, Yuhang Liu, and Zhanqiang Zhou)	Commercial Reform and Corporate Investment Efficiency:  The Roles of Governmental Administrative Efficiency, Information Transparency, and Regulatory Oversight	Enshuai Yu Boston College
	Lawrence Hsiao National Taiwan Uiversity (Co-authors: Paul Hribar and Jon A. Garfinkel)	Visualizing Earnings to Predict Post-Earnings Announcement Drift: A Deep Learning Approach	Zihan Guo Peking University
	Guanming He Durham University (Co-author: Yue Chen)	Identifying Financial Statement Frauds via Machine Learning: A Comparative Analysis Based on Chinese Listed Companies	Lawrence Hsiao National Taiwan Uiversity
12:00 - 13:30	Break
13:30 - 16:10	Zoom 1: Session 3
Moderator	Zhichao Li University of Exeter
	Speaker	Title	Discussant
	Ajanthan Alagathurai Griffith University	Integrated Reporting Readability and the Cost of Debt: A Cross-Country Study	Zhichao Li University of Exeter
	Yuhang Liu Central University of Finance and Eonomics (Co-authors: Guanming He and Zhanqiang Zhou)	Accountability and Corporate Investment Efficiency: A Holistic Analysis of Investments by State-owned Enterprises in China	Zhige Yu Xiamen University
	Kai Wu Central University of Finance and Economics (Co-author: Yanfei Wu)	The Carrot or the Stick? How Performance-Based Environmental Regulations Affect Corporate Tax Planning	Ajanthan Alagathurai Griffith University
	Zhige Yu Xiamen University	DLT Meets ESG: Does Blockchain Spur Sustainability Outcomes?	Yuhang Liu Central University of Finance and Economics
	Zhichao Li University of Exeter (Co-authors: Guanming He and Mingliang Xu)	Shield or Shackle? Reassessing Anti-Takeover Provisions Through the Lens of  Corporate Social Responsibility	Lawrence Hsiao National Taiwan Uiversity
13:30 - 15:40	Zoom 2: Session 4
Moderator	Hao-Chang Sung National Chung Cheng University
	Speaker	Title	Discussant
	Ting Dai Hong Kong University of Science and Technology	Common Lender Monitoring and Supply Contract Design	Hau Yi Tracy Yeung Lingnan University
	Abhishek Ramchandani The University of Hawai'i at Manoa (Co-author: Il Sun Yoo)	Quiet Investment: Overconfident CEOs and Capex Guidance	Hao-Chang Sung National Chung Cheng University
	Hau Yi Tracy Yeung Lingnan University (Co-authors: Cephas Simon-Peter Dak-Adzaklo and Lambert Kofi Osei)	Competition Laws and Firms' Asymmetric Cost Behaviour: Evidence from Cross-Country Analysis	Ting Dai Hong Kong University of Science and Technology
	Hao-Chang Sung National Chung Cheng University	Economic Consequences and Welfare Implications of Mandatory Clawback Mechanisms	Abhishek Ramchandani The University of Hawai'i at Manoa

PROGRAM - In-Person Sessions (Japan Standard Time)

Presentation: 20 mins Q&A: 10 mins

This is a tentative program. The program may be changed due to unexpected withdrawals.
The last speaker of each session will also act as the session moderator.

• The Registration for the In-Person Sessions will start at 8:40am.

Time	Program
9:10 - 9:20	Opening Remarks (Presentation Hall)
	Laixun Zhao, TJAR Managing Editor, Kobe University Kimitaka Nishitani, Director of Research Institute for Economics and Business Administration, Kobe University
9:20 - 10:50	Presentation Hall	Room 303	Room 304
	Concurrent Session A	Concurrent Session B	Concurrent Session C
Moderator	Mengqiao Du National University of Singapore	Travis Chow University of Hong Kong	Jing Fang University of Central Arkansas
Speaker	Alex Xiong Li University of Science and Technology of China	Kanjiro Onishi Tohoku University (Co-author: Yuto Yoshinaga)	Wang Yuqi Kobe University
Title	Are Private Firms Disadvantaged Vis-à-vis Public Firms in the Trade Credit Market?	No Guarantees, No Gains? Rethinking the Relation Between Non-Personal Guarantees and Bank Profitability	The Effect of Margin trading on the Earnings Quality and Its Determinants: Evidence from the Chinese A-shares Market
Speaker	Xinqi Yu The Hong Kong Polytechnic University (Co-authors: Jie Cao, Michael Hertzel, Linjia Song, and Xintong Zhan)	Yanju Liu Hong Kong Baptist University Co-authors: Jeffrey Ng and Linzhi Huang	Hsueh-Tien Lu National Taichung University of Science and Technology
Title	Information Processing Costs and Supply Chain Formation: Evidence from Local IPOs	The Unintended Consequences of the TCJA on Bank Transparency	Can Monthly Sales Reporting Help to Detect Quarterly Earnings Management?
Speaker	Mengqiao Du National University of Singapore (Co-authors: Min Chen and Li Huang)	Travis Chow National Taichung University of Science and Technology	Jing Fang University of Central Arkansas (Co-authors: Lipimg Huang, Ning Jia, Liangliang Jiang, Zhiming Ma and Sean Xin Xu)
Title	Corporate Governance in Global Supply Chains: Evidence from Gender Quotas	Navigating the TCJA: The Unintended Impact of the FDII Deduction on U.S. Firms' International Trade Patterns	Stock Liquidity and Accruals-Based Earnings Management: The Three Views
10:50 - 11:20	Break
11:20 - 12:30	Presentation Hall	Room 303	Room 304
	Concurrent Session D	Concurrent Session E	Concurrent Session F
Moderator	Shu-Cing Peng National Central University	Yuxin Zhang University of Nottingham	Changyi Chen University of Central Arkansas
Speaker	Minjae Koo Korea University Business School	Blake Steenhoven Queen's University (Co-author: Doron Reichmann)	Xi Wu University of California Berkeley (Co-authors: Shuping Chen and Yukun Liu)
Title	Decipher Market Responses to Climate TRACE Emission Data Release	Vocal Persuasion in Corporate Disclosure	Do Investors Understand the Digital Economy? Mobile Apps, Firm Disclosure, and Stock Returns
Speaker	Shu-Cing Peng National Central University (Co-authors: Sheng-Syan Chen and Ya-Shing Chen)	Yuxin Zhang University of Nottingham (Co-authors: Jyun-Ying Fu, Alan Huang, Russel Wermers, and Jingyu Zhang)	Changyi Chen Shanghai University of Finance and Economics
Title	Can Artificial Intelligence Help Fight Climate Change?	The Information Content of Tone Dispersion: Evidence from Earnings Conference Call Q&As	Social Media Network Structure and Stock Market Reactions to Buy Recommendations Issued by Social Media Analysts
12:20 - 13:30	Lunch Break
13:30 - 15:00	Presentation Hall	Room 303	Room 304
	Concurrent Session G	Concurrent Session H	Concurrent Session I
Moderator	Xixi Xiao University of Hong Kong	Junqi Liu Xiamen University	Gil S. Bae Korea University
Speaker	Lu Zhou The Chinese University of Hong Kong, Shenzhen (Co-authors: Rui Shen and Y. Julia Yu)	Jianing Jiang Shanghai Jiao Tong University (Co-authors: Shushu Jiang and Michael Shen)	Batjargal Bolor-Erdene Korea Accounting Research Institute (Co-authors: Hyungjin Cho and Haewon Moon)
Title	Human Capital Disclosure in Corporate Earnings Call	Accounting Expertise in Healthcare	Persistence of Asset Impairment Losses and  its Predictability of Future Operating Performance
Speaker	Xiang Zheng Nanyang Technological University (Co-author: Qi Zhang)	Sang Woo Sohn City University of Hong Kong	Yan Wang City University of Hong Kong (Co-author: Raymond Man Kong Wong)
Title	Unravel Unraveling	CEO-Employee Political Alignment and Financial Reporting Outcomes	How Do Firms Respond to Open Government Data? Evidence from Corporate Tax Avoidance in China
Speaker	Xixi Xiao University of Hong Kong (Co-authors: Yifei Lu, Xingyu Shen, and P. Eric Yeung)	Junqi Liu Xiamen University (Co-authors: Yangyang Chen, Yongkang Li, and Jeffrey Pittman)	Gil S. Bae Korea University
Title	Mandatory Pay Disclosure and Corporate Human Capital Investment	Rent-Seeking through Bad Mouthing: Employees' Strategic Workplace Disclosure before Stock Option Grants	Within-Audit Firm Monitoring and Audit Quality: The Effect of Engagement Quality Reviews on Audit Adjustments
15:00 - 15:30	Break
15:30 - 17:00	Presentation Hall	Room 303
	Concurrent Session J	Concurrent Session K
Moderator	Ronghuo Zheng University of Texas at Austin	Wenjun Kuang Hiroshima University
Speaker	Baiqiao Yin Kyoto University	Yunyang Gu Chinese University of Hong Kong, Shenzhen (Co-authors: Rui Shen and Y. Julia Yu)
Title	Institutional Design, Outside Director Effectiveness, and Stock Price Crash Risk: Evidence from Japan's 2015 Hybrid Board Reforms	MiFID II and Voluntary Disclosure : Evidence from New Data
Speaker	Jun Oh Puerdue University	Yuqi Sun The University of Hong Kong (Co-authors: K.R. Subramanyam and Peeyush Taori)
Title	Interlocking Directors and Technology Foreclosure of Peer Firms: Evidence from Licensing Agreements	Market Reaction to Analysts' Scenario-Based Valuation Forecasts: Large Sample Evidence
Speaker	Ronghuo Zheng University of Texas at Austin (Co-authors: Zhe Guo and Meng Yan)	Wenjun Kuang Hiroshima University
Title	Supplier Performance and CEO Compensation Contracts: Theory and Evidence	Monitoring or Collusion? Common Institutional Ownership and the Accuracy of Management Earnings Forecasts in Japan
17:10 -	After Session (Room 303)

AFTER SESSION

The conference will be followed by a light meal reception. The reception is free to attend and no booking is required.

ACCESS TO THE CONFERENCE VENUE

The 16th International Conference of The Japanese Accounting Review (TJAR) is to be held at Kobe University's Frontier Building (the 3rd Floor) located in Rokkodai Campus, the building indicated as No. 29 on the Rokkodai 1st Campus Map.

Information about accesses to the campus

• From Kansai International Airport or other main transportation terminals

ABOUT KOBE

For travel information on Kobe, please visit the following website:

• Official Kobe Tourism Site - Feel KOBE