Economists and political scientists have long been interested in factors that affect the statutory tax rate on businesses set by federal governments. In this study, we examine the impact of political and economic factors on several measures of tax rates and tax incentives offered across 19...

This study uses publicly-available information to examine the information content of executive-created Grantor Retained Annuity Trusts (GRATs) using executive corporate stock. GRATs have the potential to transfer excess returns tax-free to beneficiaries and hence many GRATs may be funded with...

In this paper, we examine the relation between the inadequate levels of capital during the recent financial crisis and the shareholder dividend and stock repurchase activities in the banking industry. In 2008, the Treasury Department initiated a bailout of the banking industry through the...