haku: @indexterm TAX REFORM / yhteensä: 104
viite: 84 / 104
| Tekijä: | Guenther, D. |
| Otsikko: | Earnings management in response to corporate tax rate changes: evidence from the 1986 Tax Reform Act |
| Lehti: | Accounting Review
1994 : JAN, VOL. 69:1, p. 230-243 |
| Asiasana: | TAX REFORM EARNINGS MANAGEMENT |
| Kieli: | eng |
| Tiivistelmä: | This study investigates whether accounting earnings of U.S. corporations are managed in response to changes in the statutory corporate income tax rate. The Tax Reform Act of 1986 (TRA) reduced the maximum corporate tax rate from 46 percent to 34 percent. If managers attempt to maximize firm value by minimizing tax costs, this tax rate change would have provided a substantial incentive to defer income. While the reduction in corporate tax rates provided an incentive for managers to decrease financial statement income in the year prior to the effective date of TRA, other incentives might make it costly for managers to do so. |
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