The Chicago School and Research Related to Organizational and Market Risk, a 50-Year Perspective

Posted On August 30, 2018

April 5, 2019 – April 6, 2019

GSU Buckhead Center, 12th Floor
Tower 200 - The Buckhead Center, J. Mack Robinson College of Business
Directions can be found here -

Program (with Papers) 
This conference is sponsored by the Center for the Economic Analysis of Risk (CEAR, and the School of Accountancy ( in the J. Mack Robinson College of Business at Georgia State University.


We take the recent 50-year anniversary of Ball and Brown’s (1968) seminal study of market reactions to earnings announcements as an occasion to commemorate the contributions of the Chicago School to research related to organizational and market risk. The purpose of this conference is to bring together academic researchers at the frontier of such research to assess how far we have come over the past 50 years with an eye to future developments. The program will include a keynote speaker and 8 research papers that use archival, experimental, or theoretical methods. A small number of review papers may also be included in the program. The goal of the conference is to encourage the application of multiple perspectives to stimulate dialogue between researchers and policy makers.


The keynote speaker for the conference is Gregory Waymire. Gregory Waymire is the Asa Griggs Candler Professor of Accounting at the Goizueta Business School at Emory University. He has been a member of the Goizueta faculty since 1990. He previously served as President of the Financial Accounting and Reporting Section and Vice-President of Research for the American Accounting Association. He served as President-Elect and President of the American Accounting Association in 2010-11 and 2011-12, respectively.

There will also be a session devoted to the background and influence of Ball and Brown (1968) featuring Ray Ball. Ray Ball is the Sidney Davidson Distinguished Service Professor of Accounting in the University of Chicago, Booth School of Business. Ball is a member of the Board of Trustees of Harbor Funds and Chair of its Audit Committee. He also serves on the Advisory Group for the Financial Reporting Faculty of the Institute of Chartered Accountants in England and Wales (ICAEW). He has served on the Financial Accounting Standards Advisory Council (FASAC) of the Financial Accounting Standards Board (FASB), and on the Shadow Financial Regulation Committee.


In addition to papers addressing general topics related to risk, examples of research topics suitable for the conference include the following:

  • How did early developments in the Chicago School of Economics and the Chicago Business School encourage the new research paradigm demonstrated in BB68?
  • How did the new research paradigm demonstrated in BB68 represent a paradigm shift (Kuhn 1962)?
  • How did early developments in the Chicago School anticipate future developments in theory and research methods related to organizational and market risk?
  • How have theoretical definitions of organizational and market risk changed since BB68?
  • How have research methods used to examine organizational and market risk changed since BB68?
  • What does the latest research suggest regarding organizational and market risk?
  • What is the future of research related to organizational and market risk?


Organizers of this conference include Amanda Beck, Sean Cao, Matthew DeAngelis, Michael Majerczyk, Douglas Stevens (Chair), Ivo Tafkov, and Flora Zhou of the School of Accountancy.


The papers being presented at this year's conference can be accessed through links in the conference program provided on this webpage. If any of these links is not working, please let us know.


CEAR will provide lodging accommodations and financial support for travel expenses to the presenting authors whose papers are accepted for the conference; travel reimbursement is subject to CEAR guidelines - Any questions may be directed to


Registration to attend this conference is now closed.