Browsing Accounting and Finance by Title
Now showing items 26-44 of 44
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Internal Control Quality as an Explanatory Factor of Tax Avoidance
(University of Waterloo, 2011-10-11)Internal control disclosures mandated by section 404 of the Sarbanes-Oxley Act (SOX) are designed to provide information about a firm’s financial reporting quality and in doing so may offer information on firm-specific tax ... -
Is there a relation between the cost of debt and environmental performance? An empirical investigation of the U.S. Pulp and Paper Industry, 1994-2005.
(University of Waterloo, 2008-09-10)This study shows an economically significant relation between a firm’s environmental performance and its cost of debt. Firms that have poor environmental performance will face future environmental liabilities related to ... -
KPI Information Acquisition by Analysts: Evidence from Conference Calls
(University of Waterloo, 2021-09-10)As performance measures based on generally accepted accounting principles (GAAP) deteriorate in usefulness, information users are placing more reliance on alternative performance measures. Key performance indicators (KPIs) ... -
Market Adaptation to Climate Risk: Evaluating Property Insurance Pricing in Vulnerable Coastal Communities
(University of Waterloo, 2016-01-22)Financial recovery through insurance is critical to restoring socio-economic livelihoods as severe weather and water damage rank as the leading causes for property insurance claims across Canada. As climate change increases ... -
Multi-Jurisdictional Tax Incentives and the Location of Innovative Activities
(University of Waterloo, 2009-08-25)In this dissertation, I explore the effect of tax incentives on where U.S. multinationals decide to locate their innovative activities worldwide. Research and development (R&D) tax incentives offered by foreign countries ... -
News Management and Earnings Management around Accelerated Share Repurchases
(University of Waterloo, 2017-09-27)There has been a growing trend in accelerated share repurchases (ASRs) in the last decade. ASRs are an alternative to commonly used open market repurchases (OMRs). In an ASR, a firm commits itself to repurchasing an announced ... -
Politicians’ Equity Holdings and Accounting Conservatism
(University of Waterloo, 2014-11-14)In this thesis, I examine the association between politician ownership and accounting conservatism for a sample of S&P 1500 firms between 2005 and 2011. The contracting explanation predicts that politician owned firms adopt ... -
Short Rate Models with Nonlinear Drift and Jumps
(University of Waterloo, 2009-08-27)Many financial contracts can be regarded as derivative securities where the underlying state variable is one or more rates of interest. A partial list of such contracts would include zero-coupon bonds, coupon paying bonds, ... -
Subjectivity in Performance Evaluation and Group Identity as Antecedents of Employee Overwork
(University of Waterloo, 2023-08-18)Employees often overwork by working longer than contractual or statutory standard working time for no immediate additional monetary gain. Despite the prevalence of overwork in firms, little is understood about why employees ... -
Tax Aggressiveness and Shareholder Wealth: Evidence from Mergers and Acquisitions
(University of Waterloo, 2013-06-21)In this dissertation, I examine two related questions on whether and how tax aggressiveness of firms is associated with shareholder wealth in a new context – mergers and acquisitions (M&A). The first study investigates ... -
Tax Incentives in Corporate Acquisitions
(University of Waterloo, 2021-09-30)In this dissertation, I examine tax incentives in corporate acquisitions. Reported tax losses or net operating losses (NOLs) under the United States (U.S.) income tax law have grown considerably in recent years. Yet, there ... -
Tax-Planning vs. Coordination: The Dual Role of Internal Capital Allocation
(University of Waterloo, 2020-12-03)In this thesis, I examine how a multinational corporation (MNC) allocates capital among its international subsidiaries. This capital allocation has both a managerial and tax-planning objective. On the managerial side, it ... -
The Treatment of Accounting Changes in Covenants and Debt Contracting Efficiency
(University of Waterloo, 2020-08-04)Debt contracts contain accounting-based covenants that could be affected by changes in generally accepted accounting principles (GAAP). There are three types of contractual treatment of GAAP changes: excluding GAAP changes ... -
An Understanding of the Differences between Internal and External Auditors in Obtaining and Assessing Information about Internal Control Weaknesses
(University of Waterloo, 2014-08-08)A critical role of the internal auditor is to design and monitor their organization's system of internal controls (COSO, 2004). In addition, they may be expected to objectively assess the quality of internal controls as ... -
Unprofitable Affiliates and Income Shifting Behavior
(American Accounting Association, 2017-05)Income shifting from high-tax to low-tax jurisdictions is considered a primary method of reducing worldwide tax burdens of multinational firms. Current losses also affect income shifting incentives. We extend prior approaches ... -
The Use of Fair Values to Assess Management's Stewardship: An Empirical Examination of UK Real Estate Firms
(University of Waterloo, 2010-09-29)The Financial Accounting Standards Board (FASB)/ International Accounting Standards Board (IASB) proposed Conceptual Framework solidifies stewardship as a primary financial reporting objective. Concurrently, fair value ... -
The Valuation of Economic Earnings and Income Shifting of U.S. Multinationals in Domestic and Foreign Jurisdictions
(University of Waterloo, 2022-02-15)I study U.S. multinationals' economic earnings and income shifting across their domestic and foreign jurisdictions. This study develops the concept of economic earnings, measures economic and shifted earnings, tests their ... -
Variable pay: Is it for the worker or the firm?
(Elsevier, 2019-10)Why do firms pay their workers with variable pay? The standard explanation appeals to a problem that the worker faces, e.g., agency. We develop a model of variable pay endogenously driven by the capital structure problem ... -
Working Smarter and Working Harder: Combining Learning and Performance Goals to Improve Performance in a High-Complexity Task Environment
(University of Waterloo, 2018-12-20)In a high-complexity task environment individual productivity can be improved through exerting more effort (i.e., working harder) as well as by learning improved task strategies. I examine the productivity effects of both ...