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Long-Run Corporate Tax Avoidance
We develop and describe a new measure of long‐run corporate tax avoidance that is based on the ability to pay a low amount of cash taxes per dollar of pre‐tax earnings over long time periods. WeExpand
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Changes in the value-relevance of earnings and book values over the past forty years
This paper investigates systematic changes in the value-relevance of earnings and book values over time. We report three primary findings. First, contrary to claims in the professional literature,Expand
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The Effects of Executives on Corporate Tax Avoidance
This paper investigates whether individual top executives have incremental effects on their firms’ tax avoidance that cannot be explained by characteristics of the firm. To identify executive effectsExpand
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The Role of Big 6 Auditors in the Credible Reporting of Accruals
This study investigates if the use of a Big 6 auditor is increasing in the firm's endogenous propensity to generate accruals. High‐accrual firms have greater scope for aggressive and/or opportunist...
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The Information Content of Annual Earnings Announcements and Mandatory Adoption of IFRS
This study examines whether the information content of earnings announcements – abnormal return volatility and abnormal trading volume – increases in countries following mandatory IFRS adoption, andExpand
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Is There a Link between Executive Equity Incentives and Accounting Fraud?
We compare executive equity incentives of firms accused of accounting fraud by the Securities and Exchange Commission (SEC) during the period 1996-2003 with two samples of firms not accused of fraud.Expand
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The Reputational Costs of Tax Avoidance
We investigate whether firms and their top executives bear reputational costs from engaging in aggressive tax avoidance activities. Prior literature has posited that reputational costs partiallyExpand
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Has the Information Content of Quarterly Earnings Announcements Declined in the Past Three Decades
This paper examines changes in the information content of earnings over the past three decades using the two metrics from Beaver [1968]: abnormal trading volume and abnormal return volatility. WeExpand
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How Much Will Firms Pay for Earnings that Do Not Exist? Evidence of Taxes Paid on Allegedly Fraudulent Earnings
This paper examines the extent, if any, to which firms pay additional income taxes on allegedly fraudulent earnings. Our sample consists of firms that restated their financial statements inExpand
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Changes in corporate effective tax rates over the past 25 years
We investigate systematic changes in corporate effective tax rates over the past 25 years and find that effective tax rates have decreased significantly. Contrary to conventional wisdom, the declineExpand
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