The IRS has published statistics indicating the average corporate taxpayer disclosed 2 to 3 uncertain tax positions per Schedule UTP. As one of the architects of Schedule UTP, I was expecting more UTP disclosures per return. This article explores potential explanations for this “expectation...

Since 1987, the U.S. Department of Transportation (DOT) has required all large domestic airlines to report on the on-time performance of their flights. Using the data collected by the DOT, we analyze how schedule times, actual flight times and on-time performance have changed in the industry...

We present a machine learning approach to firm valuation that requires only historical accounting data as input. The machine learning model generates a median absolute percentage error of 17.2% in out-of-sample firm value predictions. The model out-performs a sample of final-year finance...