Our objective is to examine the ‘black box' of corporate tax risk management by providing unique insights into practitioners' tax risk perception, implemented tax risk management practices, and the internal dynamics leading to these practices. We perform our analysis based on 33 expert...

We examine the association between aggressive tax planning and labor investment efficiency among a sample of publicly listed U.S. firms. Labor is an important input to production that is material to many firms. Inefficient labor investments can have a considerable effect on future profitability...

We examine the association between corporate tax aggressiveness and the profitability of insider trading under the assumption that insider trading profits reflect managerial opportunism. We document that insider purchase profitability, but not sales profitability, is significantly higher on...

For savers, the quality of an investment is measured by the efficiency with which it defers purchasing power to the future. This efficiency can in turn be measured by the real rate of return after tax (discounting for inflation) obtained on the investment.Two main factors affect the real rate of...

This paper examines the effect of tax planning and earnings management on the informativeness of book income and taxable income. We conduct two sets of tests documenting (1) the incremental effect of tax planning and earnings management on the informativeness of book and taxable income and (2)...