Did FASB Interpretation Number 48 (FIN 48) Affect Noninnovative Corporate Investment?

I am appreciative to Ryan J. Wilson (editor) and two anonymous reviewers for their constructive comments and feedback. I thank my dissertation committee: Dan Dhaliwal (chair), Katharine Drake, and Jayanthi Sunder, for their guidance on this project, as well as John Campbell, Stephen Lusch, Daniel Lynch, Erin Towery, for their extensive help and feedback. I also appreciate helpful comments from Eric Allen, Brad Badertscher, Jeff Burks, Robert Chirinko, Ted Christensen, Daniel Cohen, Mark DeFond, Matthew Erickson, Andrew Finley, Shane Heitzman, Max Hewitt, Lisa Hinson, Jeff Hoopes, Patrick Hopkins (NTA Discussant), Kimberly Krieg (AAA discussant), Clive Lennox, Brad Lindsey, Maria Loumioti, Stan Markov, Frank Murphy, Bugra Ozel, Suresh Radhakrishnan, Andy Schmidt, Casey Schwab, Jim Stekelberg, Bridget Stomberg, Steve Utke, Brian Williams, Yuan Zhang, The University of Arizona Tax Readings Group, the 2015 Deloitte and J. Michael Cook Foundation AAA Doctoral Consortium, the 2016 EAA Doctoral Colloquium, the 112th Annual Conference on Taxation (NTA 2019), the 2020 AAA Annual Meeting (AAA), workshop participants at The George Washington University, North Carolina State University, Southern Methodist University, The University of Arizona, University of Connecticut, University of Georgia, University of Illinois Chicago, University of Notre Dame, University of Southern California, and The University of Texas at Dallas, and participants of the 2019 University of Texas at Dallas Brownbag Series. I appreciate helpful research assistance from Victoria Gervasi, Marissa Martin, and Harrison Rider.

This study stems from my dissertation completed at the University of Arizona.

Nathan C. Goldman, North Carolina State University, Poole College of Management, Accounting Department, Raleigh, NC, USA.

Editor’s note: Accepted by Senior Editor Ryan J. Wilson.