Research in Accounting for Income Taxes
John R. Graham
Duke University; National Bureau of Economic Research (NBER)
Jana Smith Raedy
University of North Carolina at Chapel Hill
Douglas A. Shackelford
University of North Carolina Kenan-Flagler Business School; National Bureau of Economic Research (NBER)
This paper comprehensively reviews the Accounting for Income Taxes (AFIT). It begins by identifying four distinctive aspects of AFIT and briefly covering the rules surrounding AFIT. It then reviews the existing studies in detail and offers suggestions for future research. We emphasize the research questions that have been addressed (most of which relate to whether the tax accounts are used to manage earnings and whether the tax accounts are priced by equity market participants). We also highlight areas that have not received as much research attention or warrant future analysis.
Number of Pages in PDF File: 84
Keywords: accounting for income taxes, accounting, taxes, earnings management, asset pricing
JEL Classification: G12, H25, M41
Date posted: December 7, 2008 ; Last revised: September 20, 2012
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