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Does Public Ownership of Equity Improve Earnings Quality?
ABSTRACT: We compare the quality of accounting numbers produced by two types of public firms—those with publicly traded equity and those with privately held equity that are nonetheless considered p...
The Separation of Ownership and Control and Corporate Tax Avoidance
We examine whether variation in the separation of ownership and control influences the tax practices of private firms with different ownership structures. Fama and Jensen (1983) assert that whenExpand
Earnings Quality and Ownership Structure: The Role of Private Equity Sponsors
This study explores how firms' ownership structures affect their earnings quality and long-term performance. Focusing on a unique sample of private firms for which there is financial data availableExpand
Conforming Tax Avoidance and Capital Market Pressure
ABSTRACT In this study, we develop a measure of corporate tax avoidance that reduces both financial and taxable income, which we refer to as “book-tax conforming” tax avoidance. We use simulation a...
The Impact of Private Equity Ownership on Corporate Tax Avoidance
This study investigates whether private equity (PE) firms influence the tax practices of their portfolio firms. Prior research documents that PE firms create economic value in portfolio firms throughExpand
Public Equity and Audit Pricing in the United States
To what degree are audit fees for U.S. firms with publicly traded equity higher than fees for otherwise similar firms with private equity? The answer is potentially important for evaluatingExpand
The changing relevance of accounting information to debt holders over time
A number of studies have examined the change over time in the information content of accounting numbers to stockholders. However, the stockholders’ perspective is not necessarily identical to that ofExpand
Tax Avoidance and Future Profitability
Do firm managers invest the savings from tax avoidance in positive net present value projects that enhance future profitability or divert them towards perquisite consumption, rent extraction, andExpand
The Changing Relevance of Accounting Information to Debt Holders over Time
A number of studies have examined the change over time in the information content of accounting numbers to stockholders. However, the stockholders’ perspective is not necessarily identical to that ofExpand
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