Hodder, Leslie D.; McAnally, Mary Lea; Weaver, Connie D. - 2014
This paper identifies tax and non-tax factors that influence commercial banks conversion from taxable C-corporation to nontaxable S-corporation from 1997 to 1999. A 1996 tax-law change allowed banks to elect S-corporation status for the first time. We find that banks are more likely to convert...