2010 RAST Conference

2010 RAST Conference
Financial Statement Analysis and Valuation:
Forecasting Firm and Industry Fundamentals

October 22-23, 2010
University of Notre Dame

Friday, October 22, 2010
Session 1

Maria Ogneva, Stanford University
Using Earnings Forecasts to Simultaneously Estimate Firm-Specific Cost of Equity and Growth Rate
Authors: Maria Ogneva, Alexander Nekrasov
Discussant: Steven Monahan, INSEAD
Moderator: Jeff Burks, University of Notre Dame

Author Slides
Discussant Slides
Session 2 Florin Vasvari, London Business School
The Debt Market Relevance of Management Earnings Forecasts: Evidence From Before and During the Credit Crisis
Authors: Florin Vasvari, Shiva Shivakumar, Oktay Urcan and Li Zhang
Discussant: Scott Richardson
Moderator: Andriy Bodnaruk, University of Notre Dame

Author Slides

Discussant Slides are not available for this session

Saturday, October 23, 2010
Session 3 Shankar Venkataraman, Georgia Tech
Do Managers Use Earnings Guidance to Influence Street Earnings Exclusions?
Authors: Theodore Christensen, Kenneth Merkley, Jennifer Tucker, Shankar Venkataraman
Discussant: Mark Bradshaw, Boston College
Moderator: Marco Rossi, University of Notre Dame
Author Slides
Discussant Slides
Session 4 Michael Kimbrough, University of Maryland
The Impact of Intangible Investment on the Relative Importance of Firm-Specific Factors Versus Market- and Industry-Level Factors in the Determination of Firm-Level Earnings
Authors: Michael Kimbrough and Nerissa Brown
Discussant: Darren Roulstone, Ohio State University
Moderator: Jeremy Griffin, University of Notre Dame
Author Slides
Discussant Slides
Session 5 Mary Billings, Stern School of Business, NYU
The Option Market's Anticipation of Information Content in Earnings Announcements
Authors: Mary Billings and Robert Jennings
Discussant: Jeff Burks, University of Notre Dame
Moderator: Brad Badertscher, University of Notre Dame
Author Slides
Discussant Slides
Session 6 Ke Li, University of Toronto
How Well Do Investors Understand Loss Persistence?
Author: Ke Li
Discussant: Robert Resutek, Dartmouth College
Moderator: Stephannie Larocque, University of Notre Dame
Author Slides
Discussant Slides

Please contact Lorie Marsh at lmarsh1@nd.edu if you have questions regarding the conference.

We gratefully thank our generous sponsors:

for their sponsorship and support


for their sponsorship of a cash prize for the best paper

for the Morgan Stanley prize for the best discussion

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