Abstract

http://ssrn.com/abstract=2103160
 
 

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The Financial and Tax Reporting of Firms in Financial Transitory Loss Years


Richard Wayne Ray


Oklahoma State University - Stillwater - School of Accounting

July 2012


Abstract:     
I find evidence to indicate firms in a financial transitory loss year not only engage in financial reporting aggression by taking a financial bath but also simultaneously engage in tax reporting aggression by taking a tax dive. Further, I find a significantly positive association between taking a “financial bath” and a “tax dive” for firms in a financial transitory loss year. Conversely, I find evidence to suggest firms in a financial persistent loss year will neither take a bath nor a tax dive suggesting that financial reporting aggression and tax reporting aggression varies among loss firms conditioning on the probability of loss reversal.

Number of Pages in PDF File: 50

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Date posted: July 18, 2012  

Suggested Citation

Ray, Richard Wayne, The Financial and Tax Reporting of Firms in Financial Transitory Loss Years (July 2012). Available at SSRN: http://ssrn.com/abstract=2103160 or http://dx.doi.org/10.2139/ssrn.2103160

Contact Information

Richard Wayne Ray (Contact Author)
Oklahoma State University - Stillwater - School of Accounting ( email )
College of Business Administration
345 Business Building
Stillwater, OK 74078
United States
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