01575nas a2200133   4500008004100000245008400041210006900125260000900194490000700203520108600210653001501296100001701311856011301328       2012                        eng d00aEmpirical Evidence on the Impact of External Monitoring on Book-Tax Differences0 aEmpirical Evidence on the Impact of External Monitoring on BookT  c20120 v283 aThis study investigates whether institutional ownership levels are associated with levels of and time-series variability in book-tax differences (BTDs). Firm and year fixed-effects regression results suggest that institutional ownership is negatively associated with total, permanent, and temporary BTDs. This effect is driven primarily by permanent BTDs in the pre-SOX era but is consistently present for both permanent and temporary BTDs post-SOX. Further, this negative association is present regardless of firms’ classification as “tax planners” and/or “earnings managers.” Finally, the results provide some evidence that stronger monitoring by the board and audit committee (i.e., a smaller and more independent board and a larger audit committee) is associated with lower permanent BTDs but is not consistently related with total or temporary BTDs. Overall, these findings are consistent with higher levels of institutional ownership equating to more effective monitoring of management, resulting in lower BTDs (both in terms of levels and time-series variability).10aAccounting1 aMoore, Jared  uhttps://business.oregonstate.edu/biblio/empirical-evidence-impact-external-monitoring-book-tax-differences-001659nas a2200157   4500008004100000245010200041210006900143260002300212490000700235520106100242653001501303100001701318700002001335700001801355856012801373       2011                        eng d00aEmpirical Evidence on the Impact of Book-Tax Differences on Divergence of Opinion Among Investors0 aEmpirical Evidence on the Impact of BookTax Differences on Diver  aSarasota, FLc20110 v333 aIt is well known that the objectives of financial accounting and tax accounting sometimes conflict, resulting in book-tax differences (BTDs). In this study we test for associations between measures of BTDs and measures of market participants’ uncertainty regarding the information conveyed in financial reports. The measures of market participant uncertainty are: (1) share turnover, (2) analyst forecast dispersion, and (3) stock return variance. We find positive associations between levels and variability of total BTDs and the three measures. After disaggregating BTDs into their permanent and temporary components, we find that both are positively associated with market uncertainty, although the permanent component of BTDs is generally more strongly and consistently associated with measures of uncertainty than is the temporary component. We interpret these results, in part, as indicative of the possible effect of uncertainty contained in BTDs, especially permanent BTDs, on the precision of the information conveyed in the financial statements10aAccounting1 aMoore, Jared1 aComprix, Joseph1 aGraham, Roger  uhttps://business.oregonstate.edu/biblio/empirical-evidence-impact-book-tax-differences-divergence-opinion-among-investors-001307nas a2200169   4500008004100000245008500041210006900126260002500195490000700220520069800227653001500925100001800940700001700958700002200975700002300997856011701020       2009                        eng d00aEmpirical Evidence on the Revenue Effects of State Corporate Income Tax Policies0 aEmpirical Evidence on the Revenue Effects of State Corporate Inc  aWashington, DCc20090 v623 aUsing fixed-effects models of state corporate income tax (SCIT) revenues that account for the endogeneity of apportionment formula weights and tax rates, we find that states with a double-weighted sales factor experience lower SCIT revenues than do states with an equally-weighted sales factor, while higher statutory tax rates are associated with higher SCIT revenues. We also find that several other tax policies have statistically and economically significant associations with SCIT revenues. Use of a throwback rule and defining business income more broadly are associated with higher SCIT revenues, while combined reporting surprisingly is not significantly associated with SCIT revenues.10aAccounting1 aGupta, Sanjay1 aMoore, Jared1 aGramlich, Jeffrey1 aHofmann, Mary, Ann  uhttps://business.oregonstate.edu/biblio/empirical-evidence-revenue-effects-state-corporate-income-tax-policies-0