Terry Shevlin

Prof. Dr. Terry Shevlin


Research Focus & Metrics

Academic Career Length

45Years (1982-Present)

(Calculated once Scilit publication data is synced: current year − year of first publication + 1)

Representative Publications

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1 January 2010 in Journal of Financial Economics
Verified
Journal Article
Closed access
SCShuping Chen
Shuping Chen
XCXia Chen
Xia Chen
QCQiang Cheng
Qiang Cheng
TSTerry Shevlin
Terry Shevlin

1 December 2013 in The Accounting Review
Verified
Journal Article
Open access
JGJohn R. Graham
John R. Graham
MHMichelle Hanlon
Michelle Hanlon
TSTerry Shevlin
Terry Shevlin
NSNemit Shroff
Nemit Shroff
We analyze survey responses from nearly 600 corporate tax executives to investigate firms' incentives and disincentives for tax planning. While many researchers hypothesize that reputational concerns affect the degree to which managers engage in tax planning, this hypothesis is difficult to test with archival data. Our survey allows us to investigate reputational influences and, indeed, we find that reputational concerns are important—69 percent of executives rate reputation as important and the factor ranks second in order of importance among all factors explaining why firms do not adopt a potential tax planning strategy. We also find that financial accounting incentives play a role. For example, 84 percent of publicly traded firms respond that top management at their company cares at least as much about the GAAP ETR as they do about cash taxes paid and 57 percent of public firms say that increasing earnings per share is an important outcome from a tax planning strategy. JEL Classifications: D83; G31, M41. Data Availability: Survey responses are confidential. Other data are available from public sources identified in the paper.

1 September 2001 in Journal of Accounting and Economics
Verified
Journal Article
Closed access
DSDouglas A. Shackelford
Douglas A. Shackelford
TSTerry Shevlin
Terry Shevlin

1 June 2002 in Journal of Accounting and Economics
Verified
Journal Article
Closed access
SRShivaram Rajgopal
Shivaram Rajgopal
TSTerry Shevlin
Terry Shevlin

1 September 2015 in The Accounting Review
Verified
Journal Article
Closed access
AEAlexander S. Edwards
Alexander S. Edwards
CSCasey M. Schwab
Casey M. Schwab
TSTerry Shevlin
Terry Shevlin
We investigate the association between financial constraints and cash savings generated through tax planning. We predict that an increase in financial constraints leads firms to increase internally generated funds via tax planning. We measure financial constraints based on changes in firm-specific and macroeconomic measures. We find that firms facing increases in financial constraints exhibit increases in cash tax planning. Our results indicate that among profitable firms, firm-years with the largest increases in firm-specific constraints are associated with declines in firms' cash effective tax rates ranging from 3.00 to 5.14 percent, which equate to between 2.87 and 4.82 percent of operating cash flows. We also find that (1) the impact of financial constraints on tax planning is greatest among firms with low cash reserves, and (2) constrained firms achieve a substantial portion of their current tax savings via deferral-based tax planning strategies, despite the lack of a financial statement benefit. JEL Classifications: E69; H25; H60. Data Availability: Data used in this study are available from public sources identified in the paper.

1 February 2011 in Journal of Accounting and Economics
Verified
Journal Article
Closed access
MFMei Feng
Mei Feng
WGWeili Ge
Weili Ge
SLShuqing Luo
Shuqing Luo
TSTerry Shevlin
Terry Shevlin