Erin Towery

TL;DR: This paper examined the evolution of firms' financial structure and performance after leveraged buyouts for a comprehensive sample of 317 LBOs taking place between 1995 and 2007, and found little evidence of operating improvements subsequent to an LBO, although consistent with prior studies, they do observe operating improvements in the set of LBO firms that have public financial statements.

TL;DR: In this paper, the authors exploit the IRS Schedule UTP to examine how linking tax return disclosures to financial reporting for income taxes affects firms' reporting decisions and find that the UTP implementation can affect companies' reporting decision.

TL;DR: This article examined the evolution of firms' financial structure and performance after leveraged buyouts for a comprehensive sample of 317 LBOs taking place between 1995 and 2007, finding little evidence of operating improvements subsequent to an LBO, although consistent with prior studies, they do observe operating improvements in the set of LBO firms that have public financial statements.

TL;DR: In this paper, the authors examine how the uniform rules of FIN 48, which governs accounting for income tax uncertainty, affect the relevance of income tax accounting and find no evidence that FIN 48 increased the ability of tax expense to predict future tax cash flows.

TL;DR: This paper used a confidential data set of firms assigned to the Internal Revenue Service's Coordinated Industry Case (CIC) program to examine the effect of audit certainty on firms' tax reporting behavior.