This study examines whether factors that influence firms' overall investment strategies also influence the decision to invest in a tax shelter. Our results suggest that firms with large investment opportunity sets are less likely to invest in tax shelters. We also find that firms with greater...

This paper examines the impact of religion on financial reporting. We predict that firms in religious areas are less likely to engage in financial reporting irregularities because prior research links religiosity to reduced acceptance of unethical business practices and because managers in...

This study examines the effect of shareholder scrutiny of tax issues on corporate tax behavior. Specifically, we examine the factors associated with receiving shareholder tax litigation and the effect of such litigation on the future tax behavior of both the sued firm and its peers. We find...

Using a unique, hand-gathered sample of 893 forward-looking voluntary disclosures by 70 proxy contest firms during 1992–2001, we examine whether managers temporarily alter the frequency and tone of their disclosures during proxy contests. Broadly consistent with the corporate control contest...

This study investigates whether the agency conflicts inherent in a dual class ownership structure are associated with the level of firms' tax avoidance. Dual class ownership presents a unique agency problem because insiders' voting rights (i.e., insiders' ability to control the firm) exceed...

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,...

In this study, we examine whether the flexibility in a firm's business model (i.e., the way in which the firm manages and deploys its resources) is associated with its financial reporting practices. Recent survey evidence suggests that executives view firms' business models as a key determinant...

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,...

This study examines whether the sustainability of a firm’s tax strategy provides information about the persistence of a firm’s pre-tax earnings and earnings components. We also investigate whether investors are able to determine the sustainability of a firm’s tax strategy and use it as a...

Recent research indicates the social norms of geographic areas where firms are headquartered have an impact on corporate decision-making. Drawing on instrumental stakeholder theory and social norm theory, we extend this line of research by examining the influence of local religiosity on...