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The Impact of Hedging and Non-Hedgin...

University of California, Irvine.

The Impact of Hedging and Non-Hedging Derivatives on Tax Avoidance.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	The Impact of Hedging and Non-Hedging Derivatives on Tax Avoidance./
Author:	Lee, Yoojin.
Description:	1 online resource (75 pages)
Notes:	Source: Dissertation Abstracts International, Volume: 79-03(E), Section: A.
Contained By:	Dissertation Abstracts International79-03A(E).
Subject:	Accounting. -
Online resource:	click for full text (PQDT)
ISBN:	9780355307047

The Impact of Hedging and Non-Hedging Derivatives on Tax Avoidance.
Lee, Yoojin.

The Impact of Hedging and Non-Hedging Derivatives on Tax Avoidance. - 1 online resource (75 pages)

Source: Dissertation Abstracts International, Volume: 79-03(E), Section: A.

Thesis (Ph.D.)

Includes bibliographical references

This paper introduces new evidence on the extent to which non-financial firms use financial derivatives to avoid taxes. In particular, I use the fair value of derivatives segregated by hedging and non-hedging designation to identify derivative activities that are used to benignly and/or aggressively avoid taxes. I use new derivative disclosures required by SFAS 161 to collect detailed information about firms' use of derivatives. I find a negative association between cash effective tax rates and the fair value of hedging derivative assets. This finding implies that firms defer recognition of gains on hedging derivatives to lower cash taxes. Furthermore, I find an association between cash effective tax rates and both non-hedging derivative assets and liabilities. This finding is consistent with firms aggressively avoiding cash taxes using non-hedging derivatives by selectively choosing when to recognize gains and losses. In addition, I find no association between GAAP effective tax rates and derivatives, implying that firms in my sample do not use derivatives to manage earnings through the tax expense.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2018

Mode of access: World Wide Web

ISBN: 9780355307047Subjects--Topical Terms:

561166
Accounting.
Index Terms--Genre/Form:

554714
Electronic books.

The Impact of Hedging and Non-Hedging Derivatives on Tax Avoidance.
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099 $a TUL $f hyy $c available through World Wide Web
100 1 $a Lee, Yoojin. $3 1181033
245 1 4 $a The Impact of Hedging and Non-Hedging Derivatives on Tax Avoidance.
264 0 $c 2017
300 $a 1 online resource (75 pages)
336 $a text $b txt $2 rdacontent
337 $a computer $b c $2 rdamedia
338 $a online resource $b cr $2 rdacarrier
500 $a Source: Dissertation Abstracts International, Volume: 79-03(E), Section: A.
500 $a Adviser: Terry Shevlin.
502 $a Thesis (Ph.D.) $c University of California, Irvine $d 2017.
504 $a Includes bibliographical references
520 $a This paper introduces new evidence on the extent to which non-financial firms use financial derivatives to avoid taxes. In particular, I use the fair value of derivatives segregated by hedging and non-hedging designation to identify derivative activities that are used to benignly and/or aggressively avoid taxes. I use new derivative disclosures required by SFAS 161 to collect detailed information about firms' use of derivatives. I find a negative association between cash effective tax rates and the fair value of hedging derivative assets. This finding implies that firms defer recognition of gains on hedging derivatives to lower cash taxes. Furthermore, I find an association between cash effective tax rates and both non-hedging derivative assets and liabilities. This finding is consistent with firms aggressively avoiding cash taxes using non-hedging derivatives by selectively choosing when to recognize gains and losses. In addition, I find no association between GAAP effective tax rates and derivatives, implying that firms in my sample do not use derivatives to manage earnings through the tax expense.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2018
538 $a Mode of access: World Wide Web
650 4 $a Accounting. $3 561166
655 7 $a Electronic books. $2 local $3 554714
690 $a 0272
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a University of California, Irvine. $b Management - Ph.D.. $3 1180766
773 0 $t Dissertation Abstracts International $g 79-03A(E).
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=10284583 $z click for full text (PQDT)

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