BEGIN:VCALENDAR VERSION:2.0 PRODID:-//Lubar College of Business - ECPv6.15.18//NONSGML v1.0//EN CALSCALE:GREGORIAN METHOD:PUBLISH X-WR-CALNAME:Lubar College of Business X-ORIGINAL-URL:/business X-WR-CALDESC:Events for Lubar College of Business REFRESH-INTERVAL;VALUE=DURATION:PT1H X-Robots-Tag:noindex X-PUBLISHED-TTL:PT1H BEGIN:VTIMEZONE TZID:America/Chicago BEGIN:DAYLIGHT TZOFFSETFROM:-0600 TZOFFSETTO:-0500 TZNAME:CDT DTSTART:20240310T080000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0500 TZOFFSETTO:-0600 TZNAME:CST DTSTART:20241103T070000 END:STANDARD BEGIN:DAYLIGHT TZOFFSETFROM:-0600 TZOFFSETTO:-0500 TZNAME:CDT DTSTART:20250309T080000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0500 TZOFFSETTO:-0600 TZNAME:CST DTSTART:20251102T070000 END:STANDARD BEGIN:DAYLIGHT TZOFFSETFROM:-0600 TZOFFSETTO:-0500 TZNAME:CDT DTSTART:20260308T080000 END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0500 TZOFFSETTO:-0600 TZNAME:CST DTSTART:20261101T070000 END:STANDARD END:VTIMEZONE BEGIN:VEVENT DTSTART;TZID=America/Chicago:20250411T103000 DTEND;TZID=America/Chicago:20250411T120000 DTSTAMP:20260419T063624 CREATED:20250407T131616Z LAST-MODIFIED:20250407T131616Z UID:10000543-1744367400-1744372800@uwm.edu SUMMARY:Are Audit Disclosures Informative about Foreign Earnings? DESCRIPTION:Part of the Lubar Research Seminar Series \nSpeaker:  Jenna J. Burke\, University of Colorado – Denver \nWe examine whether audit disclosures regarding changes in foreign component auditor use are informative about the persistence of foreign earnings. Component auditor use is required to increase when\, amongst other factors\, the financial significance of a specific location increases. Therefore\, changes in component auditor use could reveal information about the materiality and sustainability of foreign operations. Consistent with this\, we find changes in component auditor use are associated with foreign earnings persistence\, even after controlling for other foreign information sources such as geographic segments\, foreign sales\, and subsidiaries. We also find a significant market reaction to changes in the use of large component auditors\, which suggests an unintended benefit of Form AP in line with the PCAOB’s objective to provide information. \n  URL:/business/event/foreign-earnings/ LOCATION:Lubar Hall\, N333\, 3202 N. Maryland Ave.\, Milwaukee\, WI\, 53201\, United States CATEGORIES:Research Seminar Series X-TRIBE-STATUS: END:VEVENT BEGIN:VEVENT DTSTART;TZID=America/Chicago:20250411T103000 DTEND;TZID=America/Chicago:20250411T120000 DTSTAMP:20260419T063624 CREATED:20250407T181442Z LAST-MODIFIED:20250407T181536Z UID:10000544-1744367400-1744372800@uwm.edu SUMMARY:Designing Renewable Power Purchase Agreements: Impact on Green Energy Investment DESCRIPTION:Part of the Lubar Research Seminar Series \nSpeaker:  Professor Zuguang Gao\, University of California – Irvine\n \nThis paper studies a long-term power purchase agreement (PPA) between a firm and a new renewable energy generator. At each time\, the firm must meet an uncertain electricity demand in excess of its existing energy sources. The wholesale electricity market price evolves as a stochastic process. When the firm signs a PPA\, a new renewable energy facility becomes operational\, and the firm owns the facility’s output during the contract. The new facility’s capacity is determined based on PPA terms. The firm dynamically decides when to start a renewable PPA and total payment to the renewable energy generator to maximize its expected total discounted benefit. We show that the firm’s optimal time-to-sign a PPA is determined by a (time- varying) threshold policy. Our analysis offers key insights to policymakers and renewable energy developers. We find that\, in contrast to the common understanding\, increasing investment cost for renewable technology can boost renewable energy capacity and output when renewable energy facilities are developed under a PPA. This calls for caution in implementing investment tax credit for clean technologies under PPAs. We show that total renewable energy generation can decrease with site productivity. Hence\, restricting renewable facility development to the most productive sites might be counterproductive under PPAs. \nZoom meeting link \nMeeting ID: 926 5434 0716\nPasscode: 807247 URL:/business/event/green-energy/ LOCATION:Lubar Hall\, N440\, 3202 N. Maryland Ave.\, Milwaukee\, WI\, 53201\, United States CATEGORIES:Research Seminar Series X-TRIBE-STATUS: END:VEVENT END:VCALENDAR