Financial Derivatives in Corporate Tax Avoidance: A Conceptual Perspective

I am grateful for the guidance of my dissertation committee: Jon Hamilton, Robert Knechel, Sandra Kramer, and especially my chairman, Gary McGill. I also appreciate the helpful comments of John Phillips (editor), two anonymous reviewers, Rashad Abdel-khalik, Bipin Ajinkya, T. J. Atwood, Andrew Bauer, Paul Beck, Jenny Brown, Hye Sun Chang, Raluca Chiorean, Charles Christian, Will Ciconte, Dan Collins, Kirsten Cook, Paul Demeré, Joel Demski, Victoria Dickinson, Carlos Jimenez, Andy Leone, Pete Lisowsky, Tracie Majors, Michael Mayberry, Sean McGuire, Ed Outslay, Sonja Rego, Kelly Rudasill, Casey Schwab, Terry Shevlin, Bill Snyder, Theo Sougiannis, Jaron Wilde, Ryan Wilson, Shannon Woods, and workshop participants at Arizona State University, University of Florida, Florida State University, Southern Methodist University, Temple University, University of Illinois at Urbana–Champaign, The University of Iowa, The University of Kansas, and University of Miami. I gratefully acknowledge generous financial support from the PricewaterhouseCoopers Faculty Fellowship.

This paper is based on a chapter of my dissertation at the University of Florida, which won the 2012 American Taxation Association/PricewaterhouseCoopers Outstanding Tax Dissertation Award.