A study, by Lauren M. Cunningham of the University of Tennessee Knoxville, found that audit firms are rarely rejected when auditor ratification ballets are included in proxy materials sent annually to shareholders.
“Consistent with increased pressures to be less tax-aggressive, we find that being in the lowest quintile of benchmarked tax rates [became] influential in predicting CEO turnover…This is consistent with boards responding to…increase[d] political and reputational costs surrounding tax avoidance.”
Faculty Research by James Chyz, assistant professor of Accounting and Information Management, shows a correlation between CEO turnover and whether firms pay more, or less, taxes than their peers.
The experts within the Neel Corporate Governance Center produce top-tier research covering a variety of corporate governance issues that should be of interest to academics, practitioners and regulators.
James Chyz established a correlation between CEO turnover and whether firms pay more, or less, taxes than their peers.