Taxation and Corporate Risk-Taking

We thank Edward L. Maydew (editor) and two anonymous referees, as well as Joshua Anderson, Alan Auerbach, Julie Cullen, Lisa De Simone, Mihir Desai, Christine Dobridge (discussant), Martin Feldstein, Roger Gordon, Michelle Hanlon, Andreas Haufler, Jeff Hoopes, Zawadi Lemayian, Patricia Naranjo, Ray Rees, Leslie Robinson (discussant), Emmanuel Saez, Jane Song (discussant), Masaaki Suzuki (discussant), Johannes Voget, Brady Williams, Danny Yagan, Ben Yost; seminar participants at Harvard University; University of California, Berkeley; University of California, Irvine; University of California, San Diego; University of Bath; University of Hannover; and University of Munich; and participants of the 2013 London Business School Trans-Atlantic Doctoral Conference, the 2014 Oxford University Centre for Business Taxation Annual Symposium, the 2013 69th Annual Congress of the International Institute for Public Finance, the 2015 University of North Carolina Tax Symposium, the 2015 Stanford-Berkeley Accounting Conference, and the 2015 AAA Annual Meeting for helpful comments. Dominika Langenmayr thanks Harvard University and University of California, San Diego for their hospitality, and the German Research Foundation for funding (LA 3565/1-1). Rebecca Lester gratefully acknowledges financial support from the Massachusetts Institute of Technology Sloan School of Management, the Stanford University Graduate School of Business, and the Deloitte Foundation.

Editor's note: Accepted by Edward L. Maydew, under the Senior Editorship of Mark L. DeFond.