This paper investigates the presence of framing effects and loss aversion in tax reporting behavior of wage earners … using a balanced panel of German income tax return data. Reference dependence and loss aversion suggest that individuals in … a perceived loss situation attribute higher value to a given amount of positive change in outcome than individuals in a …

Loss firms are an economically significant and growing segment of the population of publicly traded corporations …. Relatively little is known about the tax positions of loss firms because they are typically dropped from tax avoidance studies …

taxes. Consistent with tax loss carryforwards (TLCFs) creating a significant asset, prior research finds investors …

This article addresses the question whether net operating loss (NOL) observations can be implemented in the measurement … operating losses from their sample, they should be aware of misleading tax expense before and after loss-years that remain in … tax expenses of firms around loss years but that the loss structure in the data partly conceals the true development of U …

This paper presents evidence that loss aversion affects taxpayers as they file their annual tax returns. I model the … decisions of a loss-averse tax filer who may use tax shelters to manipulate the "balance due" exchanged with the IRS. I use this … model to derive distinguishing predictions of loss aversion which facilitate its identification and quantification in the …

experience (i) greater loss aversion from paying taxes, and (ii) lower moral costs of evasion. We confirm the predictions of our … influence taxpayers decisions. Loss aversion, measured “directly” for the first time for each individual in an evasion … experiment, reduces evasion, as predicted by our theory. Loss aversion, risk aversion, and their interaction, are critical …