This paper explores the firm-level, state and federal characteristics that explain pollution emissions during 1988-1996. Differences in pollution approach between different types of firms and the states in which they operate provide an unique research setting to investigate how firms respond to...

In a recent paper written by one of the authors of this article and published in the American Business Review ('the Paper'), Terrance Jalbert examines the comparative valuation of firms subject to pass-through taxation and firms subject to double taxation. This article discusses the Paper, using...

In this paper we examine the conventional wisdom that ten years of tax deferral is almost as good as exemption. Examining a corporation that invests in a single risk free bond we demonstrate that the conventional wisdom regarding tax deferral does not hold. We go on to demonstrate that deferral...

Given the nature of economic globalization and expansion of international trade, many corporations have become multinational corporations. In order to succeed in the multinational environment, firms must develop and implement strategies focusing on their core competencies. However, strategy...

This study tests for abnormal returns as-sociated with firms that incorporate Eco-nomic Value Added (EVATM). Claims made by Stern Stewart & Company are that firms which use EVA performance measures yield higher annual returns than peer groups. In our study the impact of adjusting annual returns...

This paper examines the relative efficiency of the U.S. and Stockholm Stock Exchanges. Numerous stocks are cross-listed on United States Exchanges and the Stockholm Stock Exchange. We compare the prices of these firms at near-simultaneous trading times. This study is an extension of an earlier...

In this paper we examine the relative efficiency of the U.S. and Swedish Stock Exchanges. Numerous stocks are cross-listed on United States Exchanges and the Swedish Stock Exchange. We compare the prices of these firms at near-simultaneous trading times. We find evidence of a lack of efficiency...

A person who becomes unemployed for an extended period often experiences a significant decrease in his or her marginal tax rate (MTR) because of lower levels of taxable income. In this article, we demonstrate how the recently unemployed can use to their advantage a traditional IRA that permits a...

Several articles in the literature have examined optimal tax-deferral strategies. This paper extends this literature line by using a different combination of tax assumptions. Specifically, in this paper we assume all future income is taxed at the ordinary income tax rate. This tax assumption is...

A great deal of work has been done on the optimal capital structure and valuation of the firm. The majority of the literature explores valuation and optimal capital structure conditions under the double taxation system. In this paper, valuation equations and optimal capital structure conditions...