Firms with greater product market power have more slack in their decision making because they are able to, at least partially, insulate their cash flows and earnings realizations from shocks to their economic state relative to other firms. Using the period 1993 through 2010, and multiple proxies...

In 2010, the Internal Revenue Service (IRS) announced the requirement to disclose uncertain tax positions (UTPs) on a new schedule (Schedule UTP) to be filed with federal corporate income tax returns. Schedule UTP requires companies to report line-item detail to the IRS of the aggregate...

Recent survey evidence suggests that a majority of financial executives have a preference for smooth earnings streams and are willing to sacrifice long-term value to smooth earnings. While prior research provides mixed evidence of the benefits of smooth earnings, there has been little attention...

While the 1992 Supreme Court case Quill vs. North Dakota, 112 S.Ct. 1904 (1992), re-affirmed a bright-line, physical presence nexus standard for sales and use tax purposes, the court case explicitly left open the question of whether the same nexus standard applied to state corporate income...

Although research indicates that tax clients value technical quality, e.g., return accuracy, less is known about the importance of functional (e.g., listening skills) and environmental (e.g., building location) qualities to tax preparation service quality. This study uses a social analytic...