Accounting Theses and Dissertations

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Browsing Accounting Theses and Dissertations by Author "Krull, Linda"

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    Do Private Tax Disclosures Affect the Quality of Public Financial Reporting?
    (University of Oregon, 2022-10-04) Wu, Juan; Krull, Linda
    This study investigates whether increased private tax disclosures have implications for the quality of public financial reporting in the context of Schedule UTP. In terms of the predictive value of tax reserves, I find that firms reverted from being over-reserved to being adequately reserved post-Schedule UTP. In terms of the confirmatory value of tax reserves, I find that firms report more accurate tax reserves post-Schedule UTP, as evidenced by the higher explanatory power of the UTB prediction model (Rego and Wilson, 2012) and reduced tax expense management post-Schedule UTP. In terms of the informativeness of tax reserves, I find that analysts’ ETR forecast accuracy is improved post-Schedule UTP, suggesting reduced information asymmetry between firms and financial statement users. Overall, this study provides evidence that other stakeholders beyond tax authorities benefit from increased private tax disclosures, and Schedule UTP may have achieved the goal intended by the FASB.
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    Ultimate Beneficial Ownership Disclosure Regulation and the Real effects of Investment: A Cross-Country Analysis
    (University of Oregon, 2023-03-24) Berry, Erica; Krull, Linda
    In this study, I examine whether laws mandating disclosure of ultimate beneficial ownership of entities influence outbound foreign direct investment activities. The secrecy provided by anonymous companies allows the individuals controlling a company to be obscured, a factor that can be used to hide improper or illicit activity. I take advantage of the staggered enactment of laws in countries that require disclosure of beneficial owners to assess whether firms change their foreign direct investment behavior in response to increased transparency. I find limited evidence that, on average, firms reduce their outbound foreign direct investment behavior in response to ultimate beneficiary ownership disclosure laws. However, in a cross-sectional analysis, I find that the level of perceived corruption, the existence of country-by-country reporting requirements, and location as a known tax haven affect how firm investment changes upon enactment of laws mandating disclosure of ultimate beneficial ownership.