March 31, 2011
Fundación Rafael del Pino
Calle de Rafael Calvo 39
19:00 Program and Q&A
20:00 Networking Reception
What Drives Corporate Transparency?
Abbie Smith, Boris and Irene Stern Distinguished Service Professor of Accounting, Chicago Booth
Join professor Abbie Smith as she discusses what drives corporate transparency and reporting failures. Can executives incentive plans influence transparency and the risk of fraud? Can a firm’s financial choices affect the quality of reported earnings, and do market conditions affect the quality of this financial reporting? How do the personal attributes of CEOs affect this issue, and where do independent directors fit in? Smith reveals recent evidence and open issues concerning the quality of financial reporting and breakdowns in transparency.