Book -tax differences, analysts' forecast errors, and stock returns

• Main Author: Weber, David P
• Format: Dissertation
• Language: English
• Published: ProQuest Dissertations & Theses 01.01.2005
• Subjects: Accounting; Accounting policies; Accounting systems; Analysts; Balance sheets; Copyright; Corporate taxes; Deferred income; Deferred income taxes; Earnings forecasting; Earnings management; Efficiency; Errors; Financial reporting; Financial statements; Foreign subsidiaries; Hypotheses; Investments; Net income; Present value; Rates of return; Securities prices; Simulation; Stock prices; Studies; Tax basis; Tax rates; Taxable income; Valuation

This thesis examines links between book-tax differences, earnings expectations and future stock returns. Book-tax differences (BTD) are discrepancies between earnings figures as calculated for financial reporting and tax purposes. My work is motivated primarily by recent academic research demonstrat...