Day 1 (July 1, 2026)
All times are local time in Shenzhen, * indicates presenting author
8:20 – 8:30 Opening Remarks
8:30 – 9:30 Keynote Speech by Regina Wittenberg Moerman, Northwestern University
9:30 – 9:50 Refreshment Break
9:50 – 10:35 Who Bears Climate Risk? Differential Impacts on Public and Private Firms
Authors: Sonakshi Agrawal, Lisa Yao Liu*, and Shiva Rajgopal
Discussant: Frank Zhang, Yale University
10:35 – 11:20 When Numbers Speak: The Usefulness of ESG Indicators in Credit Rating Reports
Authors: Yi Ding*, Lanying Gao, Yi Huang, and Rui Shen
Discussant: Ole-Kristian Hope, University of Toronto
11:20 – 11:40 Refreshment Break
11:40 – 12:25 Earnings Management via Product Information: Evidence from Solicited Amazon Reviews
Authors: Shawn Huang*, Wenting Zheng, Yuqing Zhou
Discussant: Lian Fen Lee, Boston College
12:30 – 13:30 Lunch – Onsite
13:30 – 14:00 CUHK Shenzhen Campus Tour
14:20 – 15:05 Generative AI and Investor Processing of Financial Media
Authors: Tony Cao, Allen Huang*, Joseph Pacelli, Kristina Rennekamp
Discussant: Sean Cao, University of Maryland
15:05 – 15:25 Refreshment Break
15:25 -16:10 Auditing Effects on Employment Hiring: Evidence from the New York City Algorithmic Bias Audit Law
Authors: Daniel Aobdia, Hao Ma*, Sheryl Zhang
Discussant: John Xuefeng Jiang, Michigan State University
16:10 – 16:55 Bank Social Media Disclosure During a Banking Crisis
Author: Shushu Jiang*, Jason Junshen Lin, Yibin Liu, Rachel Xi Zhang, Luo Zuo
Discussant: Rimmy Tomy, University of Chicago
18:00 – 20:00 Dinner Reception – The Coli Hotel
Day 2 (July 2, 2026)
9:00 – 9:45 Accounting for Share Repurchases:Evidence from Exogenous Variation in U.S. GAAP and State Laws
Authors: Daniel Cohen*, Maria Khrakovsky, John Schomburger, Tzachi Zach
Discussant: Christopher Stewart, University of Chicago
9:45 – 10:30 Target Overvaluation in M&A: Evidence from Valuation-Expert Auditors
Authors: Xiaoyu Cui*, Mark DeFond, Baolei Qi, Jieying Zhang
Discussant: Donghui Wu, The Chinese University of Hong Kong
10:50 – 11:35 To Hide or Highlight? How Borrowing Firms Summarize Their Loan Contracts
Author: Xiangyu Li*
Discussant: Arthur Morris, Hong Kong University of Science and Technology
11:35 -11:50 Voting of the Best Paper and Best Discussant and Closing Remarks
Weili Ge, University of Washington, incoming VP of CAPANA
11:50 -12:50 Lunch – Onsite
13:00 Corporate Visit to a high-tech company in Shenzhen (Optional)
Conference Venue: Conference Complex II – 401, The Chinese University of Hong Kong – Shenzhen
Address: 2001 Longxiang Ave. Shenzhen, Guangdong Province, China, 518000 (广东省深圳市龙岗区龙翔大道2001号，香港中文大学-深圳2号会议楼401）
Transportation Tips: Shuttle Bus will be provided between Coli hotel/Crown Plaza hotel/Hyatt Place to CUHKSZ campus. For Taxi, please arrive at east gate of CUHKSZ (港中大深圳东门) and follow instruction signs. Map of CUHKSZ
Hotel Information: CUHK Shenzhen offers a list of hotels close to the campus with contract price https://info.capana.net/hotel-information/
Conference Registrations: The registration is now open until June 20th, 2026. https://info.capana.net/2026-capana-annual-research-conference-shenzhen-china-registrations-now-open/
About Shenzhen: Shenzhen, often hailed as China’s “Silicon Valley,” is a dynamic metropolis in the Pearl River Delta that has transformed from a quiet fishing village into a global hub of technology and innovation in just four decades. For foreign visitors, the city offers a unique blend of futuristic skylines, world-class shopping, and lush green spaces, all underpinned by a vibrant, youthful energy and a population that is remarkably proficient in English compared to many other Chinese cities. You can explore the sleek headquarters of tech giants like Tencent and DJI, wander through the bustling electronics markets of Huaqiangbei, or relax in the expansive Shenzhen Bay Park, while enjoying a diverse culinary scene that ranges from authentic Cantonese dim sum to international fare. With its efficient metro system, visa-free transit policies for many nationalities, and a forward-looking atmosphere that embraces experimentation, Shenzhen provides an exhilarating glimpse into China’s rapid modernization and its ambitious future.
Travel Tips for Shenzhen: https://www.shenzhentour.com/ or https://www.shenzhentour.com/foreign/english/
VISA INFORMATION
China now has visa-free transit policy for citizens of many contries, for detail please visit https://en.nia.gov.cn/n147418/n147463/c183412/content.html. If you need to apply for a visa, please visit https://www.visaforchina.cn/ for more information. If you need endorsement documents for visa applications, please contact capana2026@cuhk.edu.cn for assistance.
CONFERENCE COMMITTEE
Susan Shu (Boston College) – Chair
Tianyu Zhang (CUHK Shenzhen)
Rui Shen (CUHK Shenzhen)
Yakun Eric Wang(CUHK Shenzhen)
Kanyuan Kevin Huang (CUHK Shenzhen)
Program Committee
Dan Cohen – Vanderbilt University
Jungho Choi – Stanford University
Yiwei Dou – New York University
Ole-Kristian Hope – University of Toronto
Allen Huang – The Hong Kong University of Science and Technology
Sterling Huang – NYU Shanghai
John Jiang – Michigan State University
David Kim – Boston College
Lian Fen Lee – Boston College
Meng Li – University of Oklahoma
Xi Li – London School of Economics and Political Science
Yupeng Lin – National University of Singapore
Yanju Liu – Hong Kong Baptist University
Lisa Yao Liu – Columbia University
Alvis Lo – Boston College
Yao Lu – Cornell University
Miguel Minutti-Meza – University of Miami
Jeff Ng – The University of Hong Kong
Vivek Pandey – University of Rochester
Joe Pacelli – Harvard University
Kyle Peterson – University of Oregon
Daniel Rabetti – National University of Singapore
Sugata Roychowdhury – Northwestern University
Nancy Su – The Hong Kong Polytechnic University
Darrald Stice – The University of Hong Kong
Xue Wang – The Ohio State University
Clare Wang – University of Colorado Boulder
Zheng Wang – City University of Hong Kong
Donghui Wu – The Chinese University of Hong Kong
Ben Yost – Boston College
Aaron Yoon – Northwestern University
Xin Zheng – University of British Columbia
Christina Zhu – The Wharton School, University of Pennsylvania
Yuan Zou – Harvard University