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The Information Content of the Deferred Tax Valuation Allowance
16 references·11 citing·42 second hop
The Information Content of the Deferred Tax Valuation Allowance (2003)The Information Content of the Deferred T…Accounting for Income Taxes (2018)Accounting for Income TaxesContemporary Accounting Research (2014)Contemporary Accounting Resea…Financial Accounting Standards Board (FASB) (2008)Financial Accounting Standard…Earnings Management: New Evidence Based on Deferred Tax Expense (2003)Earnings Management: New Evid…Accounting for Tax Benefits of Employee Stock Options and Implications for Research (2002)Accounting for Tax Benefits o…Analysts' Interpretation and Investors' Valuation of Tax Carryforwards* (1999)Analysts' Interpretation and …The conservatism principle and the asymmetric timeliness of earnings1 (1997)The conservatism principle an…Value-relevance of nonfinancial information: The wireless communications industry (1996)Value-relevance of nonfinanci…The pricing of discretionary accruals (1996)The pricing of discretionary …A Market-Based Evaluation of Discretionary Accrual Models (1996)A Market-Based Evaluation of …Lack of timeliness and noise as explanations for the low contemporaneuos return-earnings association (1994)Lack of timeliness and noise …SEC Form 10K/10Q Reports and Annual Reports to Shareholders: Reporting Lags and Squared Market Model Prediction Errors (1993)SEC Form 10K/10Q Reports and …The Role of Earnings Levels in Annual Earnings-Returns Studies (1992)The Role of Earnings Levels i…On cross-sectional analysis in accounting research (1987)On cross-sectional analysis i…An evaluation of alternative proxies for the market's assessment of unexpected earnings (1987)An evaluation of alternative …Factors in New York Stock Exchange security returns, 1931–1979 (1982)Factors in New York Stock Exc…Financial accounting for deferred taxes: a systematic review of empirical evidence (2021)Financial accounting for defe…The Information Content of Deferred Taxes Under IFRS (2020)The Information Content of De…Making Deferred Taxes Relevant (2018)Making Deferred Taxes RelevantThe Deferred Tax Asset Valuation Allowance and Firm Creditworthiness (2017)The Deferred Tax Asset Valuat…GOVERNANCE AND THE VALUE RELEVANCE OF TAX AVOIDANCE (2014)GOVERNANCE AND THE VALUE RELE…Research in Accounting for Income Taxes (2011)Research in Accounting for In…Is There Information Content in the Tax Footnote? (2011)Is There Information Content …Research in Accounting for Income Taxes (2010)Research in Accounting for In…Changes in Unrecognised Deferred Tax Accruals from Carry‐Forward Losses: Earnings Management or Signalling? (2010)Changes in Unrecognised Defer…Shocks to Shocks: A Theoretical Foundation for the Information Content of Earnings* (2009)Shocks to Shocks: A Theoretic…Firm and Investor Responses to Uncertain Tax Benefit Disclosure Requirements (2008)Firm and Investor Responses t…An Empirical Evaluation of Accounting Income Numbers (1968)The Cross-Section of Expected Stock Returns (1992)Earnings, Book Values, and Dividends in Equity Valuation* (1995)Valuing Customers (2004)Earnings conference calls and stock returns: The incremental informativeness of textual tone (2011)Dividend Policy under Asymmetric Information (1985)Positive Accounting Theory (1985)Security analyst superiority relative to univariate time-series models in forecasting quarterly earnings (1987)Information in prices about future earnings (1992)Information Uncertainty and Analyst Forecast Behavior* (2006)Financial statement analysis (2007)Risk, Return, and Equilibrium: Empirical Tests (1973)International Differences in the Timeliness, Conservatism, and Classification of Earnings (1999)Product Market Competition, Insider Trading, and Stock Market Efficiency (2010)The implied cost of capital: A new approach (2011)The Behavior of Stock-Market Prices (1965)The relationship between return and market value of common stocks (1981)Consistent Covariance Matrix Estimation with Cross-Sectional Dependence and Heteroskedasticity in Financial Data (1989)Earnings forecasting research: its implications for capital markets research (1993)Scale Effects in Capital Markets‐Based Accounting Research (2009)Agency Problems and the Theory of the Firm (1980)Earnings Management During Import Relief Investigations (1991)Detecting Earnings Management. (1995)A Review of the Earnings Management Literature and Its Implications for Standard Setting (1999)Audit committee, board of director characteristics, and earnings management (2002)Earnings management to avoid earnings decreases and losses (1997)Last‐Chance Earnings Management: Using the Tax Expense to Meet Analysts' Forecasts* (2004)Audit Quality, Corporate Governance, and Earnings Management: A Meta‐Analysis (2009)Detecting Earnings Management (2012)Do IRS Audits Deter Corporate Tax Avoidance? (2012)Earnings management and the performance of seasoned equity offerings1I gratefully acknowledge the comments and suggestions of Philip Berger, Patricia Dechow, Kenneth Gaver (the referee), Robert Holthausen, Wayne Mikkelson (the editor), and Richard Sloan. I also thank Andrew Alford, Brad Barber, Randolph Beatty, Ilia Dichev, Paul Fisher, Gary Gorton, Paul Griffin, David Larcker, Mark Low, Patricia O'Brien, Madhav Rajan, Jay Ritter, Mark Vargus, Robert Verrecchia, Franco Wong, and workshop participants at the 1996 American Accounting Association meetings, Columbia University, Emory University, INSEAD, London Business School, MIT, New York University, Northwestern University, Purdue University, University of California at Davis, University of Chicago, University of Michigan, University of Minnesota, University of Pennsylvania, and Yale University for useful comments. I am indebted to Mark Vargus for access to his FORTRAN sub-routines. Errors and omissions are my responsibility.1 (1998)Capital markets research in accounting (2001)Board, audit committee, culture and earnings management: Malaysian evidence (2006)The effect of international institutional factors on properties of accounting earnings (2000)Performance matched discretionary accrual measures (2005)Understanding earnings quality: A review of the proxies, their determinants and their consequences (2010)Analysts' Forecasts and Brokerage-Firm Trading (2004)An evaluation of SFAS No. 130 comprehensive income disclosures (2007)Earnings Management and Audit Quality in Europe: Evidence from the Private Client Segment Market (2008)The World Price of Earnings Opacity (2003)The Information Role of Conservatism (2008)An Examination of Corporate Tax Shelter Participants (2009)
this work references cited by second hop

References

  • 1997The conservatism principle and the asymmetric timeliness of earnings13,988 cited
  • 1996The pricing of discretionary accruals1,662 cited
  • 1996Value-relevance of nonfinancial information: The wireless communications industry1,303 cited
  • 2008Financial Accounting Standards Board (FASB)1,095 cited
  • 1996A Market-Based Evaluation of Discretionary Accrual Models818 cited
  • 2003Earnings Management: New Evidence Based on Deferred Tax Expense726 cited
  • 1987On cross-sectional analysis in accounting research541 cited
  • 1994Lack of timeliness and noise as explanations for the low contemporaneuos return-earnings association471 cited
  • 2014Contemporary Accounting Research410 cited
  • 1987An evaluation of alternative proxies for the market's assessment of unexpected earnings401 cited
  • 1992The Role of Earnings Levels in Annual Earnings-Returns Studies283 cited
  • 1999Analysts' Interpretation and Investors' Valuation of Tax Carryforwards*145 cited
  • 1993SEC Form 10K/10Q Reports and Annual Reports to Shareholders: Reporting Lags and Squared Market Model Prediction Errors134 cited
  • 2002Accounting for Tax Benefits of Employee Stock Options and Implications for Research126 cited
  • 1982Factors in New York Stock Exchange security returns, 1931–1979

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91 cited
  • 2018Accounting for Income Taxes88 cited
  • Cited by

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    • 2011Research in Accounting for Income Taxes45 cited
    • 2008Firm and Investor Responses to Uncertain Tax Benefit Disclosure Requirements45 cited
    • 2011Is There Information Content in the Tax Footnote?44 cited
    • 2010Research in Accounting for Income Taxes41 cited
    • 2017The Deferred Tax Asset Valuation Allowance and Firm Creditworthiness35 cited
    • 2018Making Deferred Taxes Relevant35 cited
    • 2009Shocks to Shocks: A Theoretical Foundation for the Information Content of Earnings*29 cited
    • 2021Financial accounting for deferred taxes: a systematic review of empirical evidence28 cited
    • 2014GOVERNANCE AND THE VALUE RELEVANCE OF TAX AVOIDANCE27 cited
    • 2020The Information Content of Deferred Taxes Under IFRS22 cited