This study examines the association between disclosures of unrecognized tax benefits made under FASB Interpretation No. 48 and existing measures of tax avoidance. Prior research suggests managers use discretion in accounting for income tax contingencies to meet key earnings targets. It is not...

We use the anticipated expiration of the Bush tax cuts at the end of 2010 and 2012 to test whether investors value firms' responsiveness to shareholder tax incentives. This setting provides a shock to the demand for dividends where the signaling implications of dividend announcements are...

To encourage economic development in specific regions and industries, the Chinese Central and local governments offer a series of corporate income tax incentives (tax exemptions, reduced tax rates, tax holidays and tax refunds). In China, parent and subsidiary companies are consolidated for...