Lately, several firms have decoupled audit and tax service providers to shore up the credibility of their financial statements. However, a number of other firms rely on the incumbent auditor for tax services. Do investors assign a lower valuation to firms that continue to use the auditor for tax...

Research in economics, finance, and management describes a new type of firm and a new way of doing business — the "new economy business model" — that has been reshaping the U.S. economy since at least the mid 1980's. We extend this research and develop a composite measure of this model,...

Despite ongoing debates about the effect of book-tax conformity on earnings management in consolidated statements, there is a paucity of evidence from Europe, where both one- and two-book systems occur. In this study, we examine the influence of one- and two-book systems on earnings management...