This paper examines the effect of targets' participation in tax shelters on takeover premiums in mergers and acquisitions. Using a novel dataset in which targets disclose that they have not participated in tax shelters, we find that targets that make this statement in their merger filings are...

In-house tax investment is a significant input to a firm's tax decisions. Yet, due to the lack of data, there is little empirical evidence on how corporate tax departments are associated with tax planning and compliance outcomes. Using hand-collected data on corporate tax employees in S&P1500...

Our study documents a “Lemons” market failure of Chinese firms listed in the US in 2011 and a subsequent rebound by 2013. Our tests reveal that there was little difference in ex ante observable characteristics of fraudulent and non-fraudulent Chinese firms listed in the US prior to 2011...

This paper investigates the effects of financial analysts' technical and social skills on their performance and career advancement. Using financial analysts' LinkedIn profiles, we find that analysts with strong technical skills endorsed by LinkedIn connections generate more accurate earnings...

Using a machine learning approach to process 11 million tweets posted by S&P 1500 firms from 2011 through 2016, we find that poor corporate social responsibility (CSR) performance firms tweet more about CSR activities and use tweets that are shorter, and with more passive voice and extreme tone....