haku: @indexterm EVENT STUDIES / yhteensä: 51
viite: 22 / 51
| Tekijä: | Frischmann, P.J. Shevlin, T. Wilson, R. |
| Otsikko: | Economic consequences of increasing the conformity in accounting for uncertain tax benefits |
| Lehti: | Journal of Accounting & Economics
2008 : DEC, VOL. 46:2-3, p. 261-278 |
| Asiasana: | event studies disclosure taxation investors |
| Kieli: | eng |
| Tiivistelmä: | Comments during the development of FASB Interpretation no. 48 suggest that the interpretation could be costly for firms since new disclosure requirements could be used by the IRS to more effectively challenge uncertain tax positions. Stock returns around FIN 48 pronouncements suggest that investors were not concerned about an increase in tax costs, and they responded favorably to initial disclosures required under FIN 48. Nonetheless, this paper documents a significant negative market reaction to subsequent news of a Senate inquiry into these disclosures consistent with investors revising their beliefs over the potential for additional tax costs. |
SCIMA