Ph.D. alumna Herita Akamah (faculty member at University of Nebraska), Interim Dean Wayne Thomas and co-author Ole-Kristian Hope were awarded the Responsible Research in Management Award for their 2018 article, “Tax Havens and Disclosure Aggregation,” published in Journal of International Business Studies.
Multinational firms have been accused by politicians, regulators and citizen groups of shifting profits to low-tax geographic areas. We present evidence that multinational firms with tax-haven operations tend to aggregate their geographic disclosures to a greater extent. The results are consistent with managers attempting to avoid criticism by reducing the transparency of their tax-avoidance activities. We find these results to be stronger for larger firms with higher political costs and for firms in natural-resources industries, in retail industries or with low competition. The evidence is relevant to policy makers and others interested in multinational firms’ financial reporting and tax activities.
Research by Ph.D. alumna Sydney Shu (faculty member at Miami University of Ohio) and Interim Dean Wayne Thomas recently were featured by CFO.com. The article, “Managerial Equity Holdings and Income-Smoothing Behavior,” was published in the spring 2019 issue of the American Accounting Association’s Journal of Management Accounting Research.
