Michael Mayberry
Associate Professor | University of Florida
Gainesville, FL, UNITED STATES
Michael Mayberry is an expert in how taxes affect corporate behavior, the tax system and how firms minimize taxes.
Biography
Michael Mayberry is an expert in how taxes affect corporate behavior, how the tax system affects flow through entities (S-corporations) versus bigger businesses (C-corporations), and how firms minimize taxes. He is the Jack Kramer Term Associate Professor in the Warrington College of Business.
Areas of Expertise (10)
Tax System Effects on Large and Small Companies
Non-GAAP Reporting of Income Taxes
Federal Accounting Standards Board
Taxes and Corporate Behavior
Accounting for Income Taxes
How Firms Minimize Taxes
Corporate Taxes
Accounting
Business
FIN 48
Media Appearances (2)
Executive compensation incentives influence firms’ conforming tax avoidance, research finds
KU News online
2023-04-04
The line between tax avoidance and tax evasion is often very thin. “What we’re showing is that one unintended consequence of executives’ compensation contract design is lower profits, and this leads to lower taxes paid. But if you’re a shareholder whose only concern is maximizing profits, you’re potentially shooting yourself in the foot, depending on how you’re designing this contract.”
‘Street’ effective tax rates are more useful in predicting companies’ future tax outcomes, study finds
Notre Dame News online
2020-09-30
“Street vs. GAAP: Which Effective Tax Rate Is More Informative?” is forthcoming in Contemporary Accounting Research from Erik Beardsley, assistant professor of accountancy at Notre Dame’s Mendoza College of Business, along with Michael Mayberry at University of Florida and Sean McGuire at Texas A&M University. The study finds that street ETRs provided by analysts do a better job of predicting future tax outcomes than the ETR included in financial reports prepared using GAAP.
Articles (4)
The predictive ability of tax contingencies for future income tax cash outflows
Contemporary Accounting ResearchWilliam A. Ciconte III, et. al
2023-09-27
Prior research shows that contingent liabilities do not accurately predict future cash payments due to the managerial discretion afforded by accounting standards. We examine the extent to which current accounting guidance for a material contingent liability—the reserve for unrecognized tax benefits (UTBs) under Financial Interpretation No. 48 (FIN 48)—generates accruals that are predictive of future income tax cash outflows.
Equity incentives and conforming tax avoidance
Contemporary Accounting ResearchMehmet C. Kara, et. al
2023-03-12
We examine how executive equity incentives are associated with firms' conforming tax avoidance. Conforming tax avoidance is unique compared to nonconforming tax avoidance in that it decreases tax liabilities by reducing pretax income. Thus, conforming tax avoidance presents a unique set of consequences with important links to both risk and value-creation incentives.
Risk-Taking Incentives and Earnings Management: New Evidence
Contemporary Accounting ResearchMichael Mayberry, et al.
2021-07-10
We reexamine the positive association between stock option vega and earnings management. In contrast to ALOT, prior empirical research and practitioner literature emphasizes earnings management's goals of increasing stock price and reducing volatility. Specifically, we assess whether the association is robust to (i) employing discretionary accruals that are less prone to misspecification, (ii) focusing on a more recent time period, and (iii) including additional controls for period-specific factors.
The Shareholder Response to Corporate Tax Planning Advice Regulation
SSRNMichael P. Donohoe, et al.
2021-01-18
We examine the shareholder response to heightened regulation of corporate tax planning advice through the covered opinions rules under U.S. Treasury Department Circular No. 230. These rules imposed extensive due diligence obligations and drafting requirements on tax professionals for a broad range of written tax advice.
