To combat base erosive tax avoidance, many countries have required multinational enterprises (MNEs) to disclose their income and economic activities to tax authorities on a country-by-country reporting (CbCR) basis from 2016 onwards. We examine whether this policy shock reduces the misalignment...

Using employment history data from LinkedIn, we report the number and characteristics of employees who joined public corporations after leaving the Internal Revenue Service (IRS) from 1980 to 2012. Public corporations hired more than 1,200 former IRS employees, a number similar to the number of...

We examine whether and how newspaper coverage affects firms' toxic emissions. Studying this question helps us understand the ecosystem of regulation by revelation, an increasingly popular environmental policy approach. Using local newspaper closures as an exogenous shock to news coverage, we...

This study examines the impact of restatements on the labor market outcomes for corporate accountants. We use LinkedIn to identify a comprehensive sample of corporate accountants who work for firms that restated their financial statements between 2004 and 2014. Using a difference-in-differences...

We propose a novel measure to discern a U.S. audit partner’s individual effect on audit quality: their houses. We argue that higher house value signals the partners with better performance and more incentives to provide high-quality audits. Using a hand-collected sample of all real estate...

PurposeDid Chinese cities whose public health departments are headed by medical professionals fare better in fighting coronavirus disease 2019 (COVID-19)?Design/methodology/approachThe authors collected the professional background of the directors of the public health departments of 350 Chinese...

Seemingly self-serving attributions either attribute favorable performance to internal causes (enhancing attributions) or poor performance to external causes (defensive attributions). Managers presumably provide such attributions in earnings press releases to heighten (dampen) investors'...

The Jumpstart Our Business Startups (JOBS) Act creates many exemptions to reduce the cost of going public for smaller issuers that qualify as an Emerging Growth Company (EGC). One set of provisions allows analysts affiliated with EGCs' underwriters to communicate privately with management and...