Michelle Hanlon

Massachusetts Institute of Technology (MIT) - Sloan School of Management

Howard W. Johnson Professor

100 Main Street

E62-668

Cambridge, MA 02142

United States

SCHOLARLY PAPERS

40

DOWNLOADS
Rank 338

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Top 338

in Total Papers Downloads

44,823

CITATIONS
Rank 515

SSRN RANKINGS

Top 515

in Total Papers Citations

931

Scholarly Papers (40)

1.

A Review of Tax Research

Number of pages: 138 Posted: 23 Sep 2009 Last Revised: 28 Jul 2010
Michelle Hanlon and Shane Heitzman
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Southern California - Marshall School of Business
Downloads 4,080 (966)
Citation 84

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taxes, corporate finance, investment, asset pricing, financial reporting, corporate governance

The Persistence and Pricing of Earnings, Accruals, and Cash Flows When Firms Have Large Book-Tax Differences

Number of pages: 56 Posted: 04 Mar 2003
Michelle Hanlon
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 2,272 (5,026)
Citation 92

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book-tax differences, earnings persistence, accruals, earnings expectations

The Persistence and Pricing of Earnings, Accruals, and Cash Flows When Firms Have Large Book-Tax Differences

Accounting Review, January 2005
Posted: 18 Aug 2004
Michelle Hanlon
Massachusetts Institute of Technology (MIT) - Sloan School of Management

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Book-tax differences, earnings persistence, accruals, earnings expectations

3.

Long-Run Corporate Tax Avoidance

Accounting Review, Vol. 83, No. 1, 2007
Number of pages: 39 Posted: 27 Sep 2007
Scott Dyreng, Michelle Hanlon and Edward L. Maydew
Duke University, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of North Carolina at Chapel Hill
Downloads 2,258 (3,154)
Citation 77

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effective tax rate, tax persistence, cash tax, long-run tax avoidance

4.

Incentives for Tax Planning and Avoidance: Evidence from the Field

The Accounting Review, Vol. 89, No. 3, pp. 991-1023, May 2014, MIT Sloan Research Paper No. 4990-12
Number of pages: 48 Posted: 19 Sep 2012 Last Revised: 17 May 2014
Duke University, Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of California-Irvine and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 2,091 (2,878)
Citation 6

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Tax Planning, Tax Avoidance, Reputation, Financial Reporting Incentives, FIN 48, SOX

5.

The Effect of Tax Authority Monitoring and Enforcement on Financial Reporting Quality

Journal of American Taxation Association, Vol. 36, No. 2, pp. 137-170, Fall 2014, MIT Sloan Research Paper No. 4849-10
Number of pages: 52 Posted: 14 Oct 2010 Last Revised: 26 Nov 2014
Michelle Hanlon, Jeffrey L. Hoopes and Nemit Shroff
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of North Carolina (UNC) at Chapel Hill - Accounting Area and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,949 (6,602)
Citation 3

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Enforcement, Financial Reporting Quality, Earning Quality, IRS Audit

6.

The Effects of Executives on Corporate Tax Avoidance

Number of pages: 50 Posted: 11 Jul 2008 Last Revised: 19 Sep 2012
Scott Dyreng, Michelle Hanlon and Edward L. Maydew
Duke University, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of North Carolina at Chapel Hill
Downloads 1,687 (5,311)
Citation 65

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Tax avoidance, tax, manager effects, tax aggressive, effective tax rate, cash tax rate

7.

Are Executive Stock Options Associated with Future Earnings?

JAE Boston Conference October 2002
Number of pages: 61 Posted: 06 Jan 2004
Michelle Hanlon, Shivaram Rajgopal and Terry J. Shevlin
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Columbia Business School and University of California-Irvine
Downloads 1,677 (7,902)
Citation 87

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management compensation, stock options, incentive alignment, rent extraction

8.

Tax Rates and Corporate Decision Making

Review of Financial Studies, Vol. 30, No. 9, 2017, pp. 3128–3175.,
Number of pages: 85 Posted: 13 Jan 2015 Last Revised: 22 Sep 2017
Duke University, Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of California-Irvine and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,603 (9,252)

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Tax rates, marginal tax rate, effective tax rate, investment, capital structure, behavioral biases, salience, heuristics

How Much Will Firms Pay for Earnings that Do Not Exist? Evidence of Taxes Paid on Allegedly Fraudulent Earnings

Number of pages: 45 Posted: 03 Dec 2002
Merle Erickson, Michelle Hanlon and Edward L. Maydew
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of North Carolina at Chapel Hill
Downloads 1,582 (9,270)
Citation 64

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Fraud, taxes, restatement

How Much Will Firms Pay for Earnings that Do Not Exist? Evidence of Taxes Paid on Allegedly Fraudulent Earnings

Accounting Review, April 2004
Posted: 05 Nov 2003
Merle Erickson, Michelle Hanlon and Edward L. Maydew
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of North Carolina at Chapel Hill

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Fraud, tax, earnings

The Taxman Cometh: Does Tax Uncertainty Affect Corporate Cash Holdings?

Review of Accounting Studies, September 2017, Volume 22, Issue 3, pp 1198–1228 , Kenan Institute of Private Enterprise Research Paper No. 18-1,
Number of pages: 47 Posted: 11 Jul 2013 Last Revised: 04 May 2018
Michelle Hanlon, Edward L. Maydew and Daniel Saavedra
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of North Carolina at Chapel Hill and UCLA Anderson School of Management
Downloads 1,358 (11,855)

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Cash holdings; Tax avoidance; Tax uncertainty; FIN 48; Disclosures; Long-run repatriation tax costs

The Taxman Cometh: Does Tax Uncertainty Affect Corporate Cash Holdings?

Review of Accounting Studies, Vol. 22, No. 3, 2017
Number of pages: 47 Posted: 10 Mar 2018
Michelle Hanlon, Edward L. Maydew and Daniel Saavedra
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of North Carolina at Chapel Hill and UCLA Anderson School of Management
Downloads 76 (291,110)

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Cash Holdings; Tax Avoidance; Tax Uncertainty; FIN 48; Disclosures; Long-Run Repatriation Tax Costs

11.

Accounting for the Tax Benefits of Employee Stock Options and Implications for Research

University of Washington Working Paper
Number of pages: 28 Posted: 29 May 2001
Terry J. Shevlin and Michelle Hanlon
University of California-Irvine and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,430 (10,492)
Citation 41

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Employee stock options, Tax benefits, Effective tax rates, Marginal tax rate

12.

How Firms Avoid Losses: Evidence of Use of the Net Deferred Tax Asset Account

University of Washington Working Paper
Number of pages: 41 Posted: 17 Feb 2003
David Burgstahler, W. Brooke Elliott and Michelle Hanlon
University of Washington, University of Illinois at Urbana-Champaign and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,388 (9,429)
Citation 7

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deferred taxes, valuation allowance, net deferred tax asset

What Can We Infer About a Firm's Taxable Income from its Financial Statements?

Number of pages: 56 Posted: 02 Jul 2003
Michelle Hanlon
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 1,034 (18,022)
Citation 61

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Taxable income, tax expense, FAS 109, tax disclosures

What Can We Infer About a Firm's Taxable Income from its Financial Statements?

National Tax Journal, Vol. 56, No. 4, pp. 831-864, December 2003
Posted: 20 Dec 2003
Michelle Hanlon
Massachusetts Institute of Technology (MIT) - Sloan School of Management

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taxable income, financial statements

14.
Downloads 986 ( 19,769)
Citation 18

Dividend Taxes and Firm Valuation: A Re-Examination

Number of pages: 50 Posted: 23 Jun 2001
Michelle Hanlon, James N. Myers and Terry J. Shevlin
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Tennessee, Knoxville - College of Business Administration and University of California-Irvine
Downloads 986 (19,414)
Citation 18

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Dividend Taxes and Firm Valuation: A Re-Examination

Journal of Accounting and Economics, Vol. 35, No. 2, April 2003
Posted: 29 Jan 2003
Michelle Hanlon, James N. Myers and Terry J. Shevlin
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Tennessee, Knoxville - College of Business Administration and University of California-Irvine

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Valuation, dividend taxes, tax capitalization

15.

Evidence on the Possible Information Loss of Conforming Book Income and Taxable Income

Number of pages: 57 Posted: 12 Apr 2005
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Wisconsin - Madison and University of California-Irvine
Downloads 944 (17,312)
Citation 42

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Book-tax conformity, information content, taxable income, book income

16.

An Empirical Examination of Corporate Tax Noncompliance

Ross School of Business Paper No. 1025
Number of pages: 46 Posted: 21 Mar 2006
Michelle Hanlon, Lillian F. Mills and Joel B. Slemrod
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Texas at Austin - McCombs School of Business and University of Michigan, Stephen M. Ross School of Business
Downloads 849 (15,072)
Citation 25

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tax noncompliance, corporate governance, executive compensation

17.

Are Dividends Informative About Future Earnings?

Number of pages: 44 Posted: 21 Feb 2007
Michelle Hanlon, James N. Myers and Terry J. Shevlin
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of Tennessee, Knoxville - College of Business Administration and University of California-Irvine
Downloads 801 (21,242)
Citation 5

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Dividends, Information Content, Earnings

18.
Downloads 796 ( 27,019)
Citation 2

Audit Fees and Book-Tax Differences

Number of pages: 47 Posted: 17 Sep 2009
Michelle Hanlon, Gopal V. Krishnan and Lillian F. Mills
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Bentley University and University of Texas at Austin - McCombs School of Business
Downloads 796 (26,586)
Citation 2

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Audit fees, book-tax differences, earnings quality

Audit Fees and Book-Tax Differences

Journal of American Taxation Association, Forthcoming
Posted: 27 May 2011
Michelle Hanlon, Gopal V. Krishnan and Lillian F. Mills
Massachusetts Institute of Technology (MIT) - Sloan School of Management, American University - Accounting and University of Texas at Austin - McCombs School of Business

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audit fees, book-tax differences, earnings quality

19.

What Does Tax Aggressiveness Signal? Evidence from Stock Price Reactions to News About Tax Aggressiveness

Number of pages: 54 Posted: 26 Mar 2007
Michelle Hanlon and Joel B. Slemrod
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Michigan, Stephen M. Ross School of Business
Downloads 794 (19,584)
Citation 58

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tax shelter, market reaction

20.

Large Sample Evidence on the Relation between Stock Option Compensation and Risk Taking

Number of pages: 54 Posted: 02 Sep 2003
Shivaram Rajgopal, Michelle Hanlon and Terry J. Shevlin
Columbia Business School, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of California-Irvine
Downloads 765 (24,392)
Citation 121

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21.

Book-Tax Conformity and the Information Content of Earnings

Ross School of Business Paper No. 1029
Number of pages: 39 Posted: 15 Feb 2006
Michelle Hanlon, Edward L. Maydew and Terry J. Shevlin
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of North Carolina at Chapel Hill and University of California-Irvine
Downloads 741 (25,939)
Citation 8

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book-tax conformity, information content

What Do Firms Do When Dividend Tax Rates Change? An Examination of Alternative Payout Responses

Number of pages: 48 Posted: 25 May 2012 Last Revised: 30 Nov 2013
Michelle Hanlon and Jeffrey L. Hoopes
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of North Carolina (UNC) at Chapel Hill - Accounting Area
Downloads 572 (41,538)
Citation 2

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Dividend taxes, payout policy

What Do Firms Do When Dividend Tax Rates Change? An Examination of Alternative Payout Responses

Journal of Financial Economics (JFE), Forthcoming, Fisher College of Business Working Paper No. 2014-02-002
Number of pages: 51 Posted: 13 Jul 2014
Michelle Hanlon and Jeffrey L. Hoopes
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of North Carolina (UNC) at Chapel Hill - Accounting Area
Downloads 161 (168,322)
Citation 2

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Dividend taxes, payout policy, special dividends

23.

Barriers to Mobility: The Lockout Effect of U.S. Taxation of Worldwide Corporate Profits

Number of pages: 51 Posted: 17 Dec 2008 Last Revised: 01 Sep 2010
John R. Graham, Michelle Hanlon and Terry J. Shevlin
Duke University, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of California-Irvine
Downloads 585 (27,479)
Citation 9

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Repatriation, Tax, American Jobs Creation Act, Homeland Investment Act, Dividends Received Deduction, Trapped Equity, International Tax, Trapped Cash, Section 965, Stimulus, Tax Amnesty

24.

Taking the Long Way Home: U.S. Tax Evasion and Offshore Investments in U.S. Equity and Debt Markets

Journal of Finance, Forthcoming
Number of pages: 46 Posted: 24 Aug 2011 Last Revised: 01 Apr 2013
Michelle Hanlon, Edward L. Maydew and Jacob R. Thornock
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of North Carolina at Chapel Hill and Brigham Young University
Downloads 542 (32,636)
Citation 1

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Foreign Portfolio Investment, Tax Havens, Tax Evasion

25.

Real Effects of Accounting Rules: Evidence from Multinational Firms’ Investment Location and Profit Repatriation Decisions

Number of pages: 59 Posted: 17 Apr 2009 Last Revised: 01 Sep 2010
John R. Graham, Michelle Hanlon and Terry J. Shevlin
Duke University, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of California-Irvine
Downloads 509 (42,418)
Citation 15

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Investment, Reinvestment, Repatriation, Tax Expense, Multinational, Tax Policy, Tax Stimulus, Tax Reform

26.

Where Do Firms Manage Earnings?

Number of pages: 57 Posted: 23 May 2011 Last Revised: 19 Sep 2012
Scott Dyreng, Michelle Hanlon and Edward L. Maydew
Duke University, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of North Carolina at Chapel Hill
Downloads 446 (47,215)
Citation 6

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Earnings management, rule of law, tax havens

27.

The Effect of Repatriation Tax Costs on U.S. Multinational Investment

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 50 Posted: 26 May 2014 Last Revised: 09 Jun 2014
Michelle Hanlon, Rebecca Lester and Rodrigo S. Verdi
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Stanford Graduate School of Business and Massachusetts Institute of Technology (MIT)
Downloads 431 (32,034)
Citation 2

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Cash, Investment, Tax

28.

Book-Tax Conformity: Implications for Multinational Firms

Number of pages: 64 Posted: 03 May 2007
Michelle Hanlon and Edward L. Maydew
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of North Carolina at Chapel Hill
Downloads 392 (56,583)
Citation 9

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book-tax conformity, international tax, multinational firm

29.

Changes in Corporate Effective Tax Rates Over the Past Twenty-Five Years

Journal of Financial Economics (JFE), Forthcoming
Number of pages: 61 Posted: 11 Nov 2014 Last Revised: 26 Aug 2016
Duke University, Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of North Carolina at Chapel Hill and Brigham Young University
Downloads 329 (8,434)

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Corporate tax rates, tax avoidance, trend

30.

Bank-Tax Conformity for Corporate Income: An Introduction to the Issues

NBER Working Paper No. w11067
Number of pages: 45 Posted: 16 Feb 2005 Last Revised: 29 Sep 2010
Michelle Hanlon and Terry J. Shevlin
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of California-Irvine
Downloads 108 (202,925)
Citation 20

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31.

Insider Tax Effects on Acquisition Structure and Value

Number of pages: 53 Posted: 16 Jul 2018
Michelle Hanlon, Rodrigo S. Verdi and Benjamin Yost
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Massachusetts Institute of Technology (MIT) and Boston College - Carroll School of Management
Downloads 0 (560,270)

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32.

Internet Sales Taxes and the Discriminatory Burden on Remote Retailers – An Economic Analysis

Number of pages: 49 Posted: 20 Mar 2018
Ike Brannon, Michelle Hanlon and Eric Miller
The Cato Institute, Massachusetts Institute of Technology (MIT) - Sloan School of Management and Woodrow Wilson International Center for Scholars
Downloads 0 (341,319)

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33.

Country-by-Country Reporting and the International Allocation of Taxing Rights

International Bureau of Fiscal Documentation (IBFD), Forthcoming
Number of pages: 27 Posted: 12 Feb 2018 Last Revised: 16 Feb 2018
Michelle Hanlon
Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 0 (96,839)

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Tax, Tax Policy, Tax Reporting, International Tax, Country-by-Country

34.

The Equipment Manufacturing Industry's Perspective on Tax Reform

Tax Notes, Vol. 156, No. 13, 2017
Number of pages: 8 Posted: 31 Oct 2017
Ike Brannon and Michelle Hanlon
Cato Institute and Massachusetts Institute of Technology (MIT) - Sloan School of Management
Downloads 0 (491,005)

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tax reform, business tax, tax code, corporate tax, border-adjustable tax, tax

35.

What Does Tax Aggressiveness Signal? Evidence from Stock Price Reactions to News about Tax Shelter Involvement

Journal of Public Economics, Forthcoming
Posted: 08 Oct 2008
Michelle Hanlon and Joel B. Slemrod
Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of Michigan, Stephen M. Ross School of Business

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tax aggressiveness, tax shelter, market reaction

36.

An Unintended Consequence of Book-Tax Conformity: A Loss of Earnings Informativeness

Journal of Accounting & Economics (JAE), Forthcoming
Posted: 08 Oct 2008
Michelle Hanlon, Edward L. Maydew and Terry J. Shevlin
Massachusetts Institute of Technology (MIT) - Sloan School of Management, University of North Carolina at Chapel Hill and University of California-Irvine

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book-tax conformity, earnings informativeness

37.

Dividend Policy at Firms Accused of Accounting Fraud

Contemporary Accounting Research, Vol. 30, No. 2, pp. 818-850, 2013
Posted: 23 May 2006 Last Revised: 21 Mar 2014
Judson Caskey and Michelle Hanlon
University of California, Los Angeles (UCLA) - Accounting Area and Massachusetts Institute of Technology (MIT) - Sloan School of Management

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Dividends, fraud, accounting fraud, SEC, earnings management

38.

Is There a Link between Executive Equity Incentives and Accounting Fraud?

Journal of Accounting Research, Forthcoming
Posted: 15 Sep 2005
Merle Erickson, Michelle Hanlon and Edward L. Maydew
University of Chicago - Booth School of Business, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of North Carolina at Chapel Hill

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39.

Are Executive Stock Options Associated with Future Earnings

Journal of Accounting & Economics, Vol. 36, Nos. 1-3, pp. 3-43, December 2003
Posted: 05 Nov 2003
Michelle Hanlon, Shivaram Rajgopal and Terry J. Shevlin
Massachusetts Institute of Technology (MIT) - Sloan School of Management, Columbia Business School and University of California-Irvine

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management compensation, stock options, incentive alignment, rent extraction

40.

When Does Tax Avoidance Result in Tax Uncertainty?

The Accounting Review, Forthcoming
Number of pages: 57 Posted: 06 Jan 2014
Scott Dyreng, Michelle Hanlon and Edward L. Maydew
Duke University, Massachusetts Institute of Technology (MIT) - Sloan School of Management and University of North Carolina at Chapel Hill
Downloads 1,401

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tax avoidance, tax uncertainty