During the COVID-19 pandemic, states grappled with the question of whether and to what extent to impose restrictions to slow the spread of COVID-19. We investigate whether state reliance on sales tax revenue, relative to other tax revenue sources, is associated with shorter durations of COVID-19...

As firms lower innovative investment in response to FASB Interpretation Number 48 (FIN 48), they choose between reallocating those funds to non-innovative investment, not change non-innovative investment, or lower non-innovative investment. Using a difference-in-differences research design, I...

We examine capital market responses to CEO communication versus other executives in the Q&A sections of earnings calls. While CEO tone is more optimistic than other executives, we find significantly stronger market responses to CEO tone than to non-CEO tone or CFO tone. This result is more...

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...