We investigate tax incidence reflected in the pricing of syndicated loans and argue that loan spread increases in bank income taxes of borrowers’ home states. We compare borrowers in states with differing bank tax rates and demonstrate the presence of tax incidence on borrowers with causality...

We investigate tax incidence reflected in the pricing of syndicated loans and argue that loan spread increases in bank income taxes of borrowers’ home states. We compare borrowers in states with differing bank tax rates and demonstrate the presence of tax incidence on borrowers with causality...

The 2012 tax reform in China linked the dividend tax rate to investors’ share holding period, with a lower rate corresponding to longer holding. Using account-level data for which we know exactly the timing, size, directions, and prices of retail investors’ trades, we document that the...

We examine the association between network centrality and research using the accounting research community setting. We establish co-authorship network using papers published in the five top accounting journals from 1980 to 2016. We find that the co-authorship network in accounting is a "small...

We examine the effectiveness of China's IFRS adoption from the perspective of an important set of financial report users, foreign institutional investors. We find that foreign institutional investment does not increase after China's IFRS adoption, and some evidence that it actually declines,...

We examine the association between CEO severance pay (i.e., payment a CEO would receive if s/he is involuntarily terminated) and corporate tax planning activities. We find that CEO severance pay is positively associated with corporate tax planning, consistent with CEO severance pay providing...

We make use of details of advanced tax rulings (ATRs) provided by the Luxembourg Tax Inspector to multinational firms and examine how the types and attributes of ATRs affect tax planning outcomes. We find that ATR firms realize lower GAAP ETRs than control firms. Tax savings achieved by ATR...