@article{drake_goldman_lusch_schmidt_2024, title={Disclosure of tax-related critical audit matters and tax-related outcomes}, ISSN={["1911-3846"]}, DOI={10.1111/1911-3846.12920}, abstractNote={Abstract}, journal={CONTEMPORARY ACCOUNTING RESEARCH}, author={Drake, Katharine D. and Goldman, Nathan C. and Lusch, Stephen J. and Schmidt, Jaime J.}, year={2024}, month={Jan} }
 @article{goldman_ozel_2023, title={Executive compensation, individual-level tax rates, and insider trading profits}, volume={76}, ISSN={["1879-1980"]}, DOI={10.1016/j.jacceco.2022.101574}, abstractNote={We examine whether individual-level taxes affect executives' propensity to use nonpublic information in insider trades. We predict and find a positive relation between abnormal insider trading profitability and income tax rates. Using plausibly exogenous variation in state income tax rates, we estimate that the average executive uses insider trading profits to offset between 12.2% and 19.6% of the effect that income taxes have on their net compensation. We show that the sensitivity of these profits to tax rates varies predictably with the executives' compensation and shareholdings, firm monitoring effectiveness, and information asymmetry between insiders and outside investors. We also demonstrate a positive association between SEC enforcement actions and tax rates, suggesting that tax-rate-driven changes in abnormal trading profits expose insiders to legal risk. We find that insider trading volume exhibits little sensitivity to tax rates. Our findings show that income taxes affect executives’ tendency to use private information in their trades.}, number={1}, journal={JOURNAL OF ACCOUNTING & ECONOMICS}, author={Goldman, Nathan C. and Ozel, Naim Bugra}, year={2023}, month={Aug} }
 @article{goldman_lampenius_radhakrishnan_stenzel_almeida_2023, title={IRS scrutiny and corporate innovation}, ISSN={["1911-3846"]}, DOI={10.1111/1911-3846.12905}, abstractNote={Abstract}, journal={CONTEMPORARY ACCOUNTING RESEARCH}, author={Goldman, Nathan and Lampenius, Niklas and Radhakrishnan, Suresh and Stenzel, Arthur and Almeida, Jose Elias}, year={2023}, month={Nov} }
 @article{traini_goldman_lewellen_2022, title={Aggressive Tax Planning and Labor Investments}, ISSN={["2160-4061"]}, DOI={10.1177/0148558X221089638}, abstractNote={ We examine the association between aggressive tax planning and labor investment efficiency among U.S. firms. Labor is an important input to production that is material to many firms, and prior research suggests that inefficient labor investments can negatively affect future profitability and growth. We provide evidence that firms engaging in aggressive tax planning are associated with deviations from expected labor investments, which is indicative of labor investment inefficiency. We find that our results are concentrated in labor underinvestment, consistent with risks and uncertainties from aggressive tax planning making firms more cautious when investing. Our findings are strongest among firms with greater tax risk, higher labor costs, and weaker corporate governance. Our study contributes to the literature examining tax planning consequences by providing evidence that a tradeoff exists between aggressive tax planning and investments in labor. Therefore, our results suggest that managers should carefully consider the cash flow benefits of tax planning in conjunction with the potential effects of lower labor investments to ensure that the overall long-term effect of the tax strategy is value-increasing. }, journal={JOURNAL OF ACCOUNTING AUDITING AND FINANCE}, author={Traini, Simone and Goldman, Nathan C. and Lewellen, Christina M.}, year={2022}, month={Apr} }
 @article{beardsley_goldman_omer_2022, title={Audit Office Industry Diversity and Audit Quality}, volume={37}, ISSN={["2160-4061"]}, DOI={10.1177/0148558X20942618}, abstractNote={ This study examines the association between the industry diversity of an audit office and audit quality, where industry diversity is the extent to which clients differ by industry classification. We find a negative association between industry diversity and audit quality that is robust to controlling for other audit office and client characteristics. We observe this association while holding the level of audit office specialization or expertise in a particular industry constant. The association is most apparent at the low end of the distribution of industry diversity, where audit offices with the least diverse client portfolios have the highest audit quality. We also find that the association exists for both small and large audit offices as well as both industry specialists and non-industry specialists. However, we do not observe the association when the office audits clusters of clients, where clusters are three or more clients in the same industry. }, number={4}, journal={JOURNAL OF ACCOUNTING AUDITING AND FINANCE}, author={Beardsley, Erik L. and Goldman, Nathan C. and Omer, Thomas C.}, year={2022}, month={Oct}, pages={777–805} }
 @article{goldman_harris_omer_2022, title={Does task-specific knowledge improve audit quality: Evidence from audits of income tax accounts*}, volume={99}, ISSN={["1873-6289"]}, DOI={10.1016/j.aos.2021.101320}, abstractNote={Two forms of expertise can influence audit quality: industry and task-specific expertise. If tax knowledge is predominately task-specific, audit offices with increased exposure to complex tax issues will develop tax task-specific expertise. Using outcomes related to income tax account audits, we examine whether tax task-specific knowledge (TSK) accumulates at the audit office level and affects the income tax accounts’ audit quality. We find that tax TSK increases the income tax accounts' audit quality, suggesting individual tax TSK accumulates at the office level. Additionally, semi-structured interviews of partners/senior managers at Big 4 audit firms validate group information processing as a theory that explains TSK developing at the office level and confirms that tax knowledge is predominately task-specific with some industry-specific knowledge. We contribute to and extend the literature examining audit office expertise by providing evidence that exposure to complex tax issues develops TSK at the office level and enhances audit quality. These findings provide archival and qualitative evidence of how TSK develops at the office level. • Provide evidence that exposure to complex issues develops task-specific knowledge. • Show task-specific knowledge aggregates at the audit office level. • Conduct semi-structured interviews to support archival findings. • Contribute to the literature examining auditor competency and audit quality. • Extend the literature examining the auditing of income taxes.}, journal={ACCOUNTING ORGANIZATIONS AND SOCIETY}, author={Goldman, Nathan C. and Harris, M. Kathleen and Omer, Thomas C.}, year={2022}, month={May} }
 @article{drake_goldman_murphy_2022, title={Foreign Employment, Income Shifting, and Tax Uncertainty}, volume={97}, ISSN={["1558-7967"]}, DOI={10.2308/TAR-2019-0047}, abstractNote={ABSTRACT}, number={2}, journal={ACCOUNTING REVIEW}, author={Drake, Katharine D. and Goldman, Nathan C. and Murphy, Francis}, year={2022}, month={Mar}, pages={183–212} }
 @article{beasley_goldman_lewellen_mcallister_2021, title={Board Risk Oversight and Corporate Tax-Planning Practices}, volume={33}, ISSN={["1558-8033"]}, DOI={10.2308/JMAR-19-056}, abstractNote={ABSTRACT}, number={1}, journal={JOURNAL OF MANAGEMENT ACCOUNTING RESEARCH}, author={Beasley, Mark S. and Goldman, Nathan C. and Lewellen, Christina M. and McAllister, Michelle}, year={2021}, pages={7–32} }
 @article{campbell_goldman_li_2021, title={Do Financing Constraints Lead to Incremental Tax Planning? Evidence from the Pension Protection Act of 2006*}, ISSN={["1911-3846"]}, DOI={10.1111/1911-3846.12679}, abstractNote={ABSTRACT}, journal={CONTEMPORARY ACCOUNTING RESEARCH}, author={Campbell, John L. and Goldman, Nathan C. and Li, Bin}, year={2021}, month={Jun} }