Prior studies have shown that Limited Partnerships (LPs) use less debt than corporations and conclude this is due to tax induced corporate borrowing. We suggest these observed differences result from risk differences between LPs. LPs formed around natural resource assets use less debt than LPs...

This paper extends our understanding of capital structure differences across organizational form. We build on existing capital structure literature concerning partnership debt use and suggest that high business risk, in combination with general partner (GP) unlimited liability, explains...

Virtual worlds like Second Life offer players opportunities to earn real-world income through their activities in the game. It will not be long before governments begin to establish policies and regulations regarding the income generated by players of these game environments. This paper examines...

Dhaliwal, Gleason, and Mills (DGM 2004) document that firms manage earnings through decreases in effective tax rates (ETRs) between the third and fourth quarters. We investigate how firms' investments in tax planning impact this association between ETR changes and earnings management incentives....

This study investigates the effects on firm values of costs and benefits associated with capital restructuring through publicly traded partnerships (PTPs). Potential motives for corporate capital restructuring include improved reinvestment decisions, improved asset management, reduced...

Events leading up to the implementation of the Sarbanes-Oxley Act of 2002 (SOX) increased the public's focus on corporate governance and increased regulatory scrutiny of corporate governance mechanisms. These events also contributed to a massive restructuring in the audit market which resulted...