... be accessed by clicking the link in Appendix C. Editor's note: Accepted by Lillian F. Mills, under the Senior Editorship of Mary E. Barth. 1 6 2019 1 12 2020 2021 net operating losses tax loss carrybacks corporate taxation capital investment cash holdings debt Tax...

... details. Supplemental material can be accessed by clicking the link in Appendix B. Editor's note: Accepted by Edward L. Maydew, under the Senior Editorship of Mark L. DeFond. November 2016 October 2017 2018 corporate taxation tax policy tax loss carryback tax...

... studies how a country's tax system affects corporate risk-taking. The effect of corporate taxation on firm risk is a function of the statutory tax loss offset rules and tax rates, as well as firm-specific expectation regarding loss offset possibilities. We empirically confirm the theoretical predictions...