The adoption of blockchain-based decentralized exchanges
We investigate the market microstructure of Automated Market Makers (AMMs), the most
prominent type of blockchain-based decentralized exchanges. We show that the order …
prominent type of blockchain-based decentralized exchanges. We show that the order …
Using IRS data to identify income shifting to foreign affiliates
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 …
confidential Internal Revenue Service (IRS) data to develop a firm-year measure of income …
Internal capital market inefficiencies, shareholder payout, and abnormal leverage
This study investigates how internal capital market inefficiencies influence capital return to
equity shareholders via dividends and repurchases. A company's allocation of capital …
equity shareholders via dividends and repurchases. A company's allocation of capital …
What does income mobility reveal about the tax risk-reward tradeoff?
We identify a subset of income mobile firms asserted to achieve greater tax savings with
lower incremental risk to assess the overall risk-return relation in the context of tax …
lower incremental risk to assess the overall risk-return relation in the context of tax …
[图书][B] Examining IRS audit outcomes of income mobile firms
The Internal Revenue Service (IRS) provided confidential tax information to one of the
authors pursuant to provisions of the Internal Revenue Code that allow disclosure of …
authors pursuant to provisions of the Internal Revenue Code that allow disclosure of …
The disclosure and valuation of foreign cash holdings
S Yang - AFA 2015 Boston Meetings Paper, 2015 - papers.ssrn.com
This paper studies the disclosure and valuation of foreign cash holdings using hand-
collected data from 2010 to 2013. The SEC has been commenting on foreign cash in its …
collected data from 2010 to 2013. The SEC has been commenting on foreign cash in its …
The Market Microstructure of Decentralized Exchanges
R Jia - 2024 - search.proquest.com
Since Bitcoin's inception in 2008, the spotlight has increasingly been towards its underlying
blockchain technology (Campbell, 2016, Yermack, 2017, Cong and He, 2019, Chiu and …
blockchain technology (Campbell, 2016, Yermack, 2017, Cong and He, 2019, Chiu and …
The Relation between Equity Incentives and Earnings Management through Permanently Reinvested Foreign Earnings for US Multinational Corporations
Krull (2004) finds that US multinational corporations (MNCs) increase amounts designated
as permanently reinvested earnings (PRE) to maximize reported after-tax earnings and meet …
as permanently reinvested earnings (PRE) to maximize reported after-tax earnings and meet …
[PDF][PDF] Using IRS data to identify income shifting firms
“Aggressive” income shifting• Defined as having a positive residual in a continuous OLS
model: shift more out (or less in) than expected (ie, exhibit a higher continuous net outbound …
model: shift more out (or less in) than expected (ie, exhibit a higher continuous net outbound …
Do Foreign Cash Holdings Influence the Cost of Debt?
DS Dhaliwal, MJ Erickson, NC Goldman… - … . Annual Conference on …, 2015 - JSTOR
We investigate the extent to which foreign cash holdings influence cost of debt. We examine
this question using three proxies for cost of debt: credit rating, leverage, and investment …
this question using three proxies for cost of debt: credit rating, leverage, and investment …