2026-09-21T06:29:01Z https://www.ideals.illinois.edu/oai-pmh

oai:www.ideals.illinois.edu:2142/23005 2023-07-10 col_2142_5131 col_2142_16440 com_2142_5130 com_2142_16439 com_2142_9216

McKeown, James C. Callaghan, Joseph Henry 2011-05-07T13:58:46Z 2011-05-07T13:58:46Z 10000-01-01 1992 This research is an investigation into the underlying nature of deferred tax balances. The investigation entails obtaining evidence about whether markets treat changes in these balances that arise from depreciation differences as changes in debt or equity. This is accomplished by relating changes in firm systematic risk to discounted measures of those changes. If deferred tax balances are in the nature of debt (equity), then increases in these balances should be associated with increases (decreases) in systematic risk. Further, market association is hypothesized to be conditional on the way these changes arose: whether from accounting method selection or from tax law changes. Econometric improvements include testing in changes, rather than levels, and estimation of systematic risk in a state-space framework. Inferences are made about how changes in beta are associated with changes in deferred tax balances over two different tax periods using a regime-switching regression equation methodology. Evidence is provided that changes in deferred taxes arising from depreciation are different than conventional debt and are in the nature of a subsidy, when these deferred tax balances arise from favorable tax law changes. No evidence provided supports the position that changes in deferred taxes are in the nature of conventional debt. The net-of-tax method of deferred income tax allocation is not tested in this study. Made available in DSpace on 2011-05-07T13:58:46Z (GMT). No. of bitstreams: 2 license.txt: 4922 bytes, checksum: 910b249b4beec47e7ab768910c8f966f (MD5) 9236412.pdf: 3471853 bytes, checksum: 6dc69d64dd1f24fff6038bc5e443bfa4 (MD5) Previous issue date: 1992 Item marked as restricted to the 'UIUC Users [automated]' Group (id=2) by Howard Ding (hding2@illinois.edu) on 2011-05-07T15:01:31Z Item is restricted indefinitely. Restriction data tranferred 2014-07-01T11:29:11-05:00 Original Data Group with Access UIUC Users [automated] Release Date: none Reason: ETDs are only available to UIUC Users without author permission ETDs are only available to UIUC Users without author permission U of I Only AAI9236412 (UMI)AAI9236412 http://hdl.handle.net/2142/23005 eng Copyright 1992 Callaghan, Joseph Henry Business Administration, Accounting The nature of deferred income taxes arising from differences in depreciation methods text Accountancy Accountancy University of Illinois at Urbana-Champaign Dissertation Ph.D.