Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 2 of 2
Full-Text Articles in Business
Taxation And Economic Inequality: An Analysis Of Income Taxes And Their Impact On Various Levels Of Income, Thomas C. Jones
Taxation And Economic Inequality: An Analysis Of Income Taxes And Their Impact On Various Levels Of Income, Thomas C. Jones
Chancellor’s Honors Program Projects
No abstract provided.
Deferred Tax Assets And Credit Risk, Scott David White
Deferred Tax Assets And Credit Risk, Scott David White
Doctoral Dissertations
This paper examines the impact of deferred tax assets on firm creditworthiness. Specifically, I investigate whether the proportion of a firm’s total assets that are composed of deferred tax assets is associated with Standard & Poor’s credit ratings. The benefits associated with deferred tax assets are primarily realized through deductions from future taxable income. If declines in financial performance lead to a subsequent default, deferred tax assets may provide no value to creditors seeking recovery of their investment. I document a significant negative association between deferred tax assets and credit ratings. The evidence is consistent with credit market participants incorporating …