This paper reviews the literature examining how costs of monitoring for, acquiring, and
analyzing firm disclosures–collectively,“disclosure processing costs”–affect investor …

The tax literature of the past two decades has been dominated by empirical studies on
corporate tax avoidance. What this literature lacks, however, are a quantitative synthesis of …

Income shifting is a significant source of tax planning for US corporations. We use
confidential Internal Revenue Service (IRS) data to develop a firm-year measure of income …

We show that firms with higher stock liquidity engage less in extreme (ie, overly aggressive
or overly conservative) tax avoidance. The effect of stock liquidity on tax avoidance is …

Exploiting the unique features of China's corporate income tax regime, which requires
subsidiaries to submit their own taxes on a stand-alone basis, we examine the effect of intra …

We investigate whether international income-shifting aggressiveness affects local
investments. Amid heightened scrutiny of international activities by tax authorities, firms can …

This study examines whether the quality of a firm's internal information environment
influences its tax-motivated income shifting activities. Although income shifting is an …

Research on the determinants of tax avoidance have relied on tests using GAAP and cash
effective tax rates (ETRs) and total and permanent book‐tax differences. Two new proxies …

Intermediaries play a significant role in capital markets by reducing disclosure processing
costs to market participants. Yet, due to selection and other empirical challenges, the extent …

We examine the effect of foreign employment on two outcomes—income shifting and the tax
uncertainty of foreign transactions. Using a hand-collected sample of employment …