Allison Koester

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This study examines the association between auditor-provided tax services (APTS) and financial reporting quality to determine if APTS impairs auditor independence or generates knowledge spillover. Lower (higher) financial reporting quality is generally viewed as evidence supporting auditor independence impairment (knowledge spillover). We use the quality of(More)
Why do large positive earnings surprises occur? The literature often treats large surprises as the exogenous event that precipitates subsequent stock price drift, but analyst expectations and earnings realizations are the result of conscious decisions. While neither analysts nor managers have an obvious incentive for an extreme deviation between expected(More)
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Dyreng et al. (2008) find considerable variation in cash ETRs both across and within industries. One possible explanation for this phenomenon is that firms (and/or industries) have varying degrees of success via the political process (Zimmerman 1983). Corporations develop political strategies that allow them to compete in the public policy arena. We test(More)
The purpose of this study was to examine the clothing practices in the daily selection, care, and purchase of clothing by adolescents in order to determine the extent these practices are performed independently or influenced by others, and to identify the factors involved in the activities. Clothing Practice Profiles were developed for both sexes in the(More)
  • Sonja O. Regoa, Brian M. Williamsa, +10 authors Jared Moore
  • 2017
We use detailed data on individual investors’ stock holdings to investigate whether corporate tax avoidance affects the willingness of individual investors to own stock. Consistent with corporate tax avoidance increasing both the perceived risk of owning stock and the costs of processing financial information, we provide robust evidence that individual(More)
This study estimates the corporate tax savings from financial derivatives. I document a 3.6 and 4.4 percentage point reduction in three-year current and cash effective tax rates (ETRs), respectively, after a firm initiates a derivatives program. The decline in cash ETR equates to $10.69 million in tax savings for the average firm and $4.0 billion for the(More)
Why do large positive earnings surprises occur? The literature often treats large earnings surprises as the exogenous event that precipitates subsequent stock price drift, but analyst expectations and earnings realizations are the result of conscious decisions made by analysts and managers. While neither analysts nor managers have an obvious incentive for(More)
Bank regulators and academics have long conjectured the beneficial effects of counter-cyclical loan loss provisioning (i.e., making higher provisions during good times so as to avoid doing so during bad times) for bank lending and stability. In contrast, accounting regulators express concerns about its potential adverse impact on reporting transparency due(More)