Tax-Induced Earnings Management by Firms with Net Operating Losses
研究有净经营亏损（NOL）结转的企业如何利用1986年税改后的税率降低，通过跨期转移收入和费用来增加亏损结转，从而进行盈余管理。
This paper investigates tax-induced intertemporal income shifting by firms with net operating loss (NOL) carrybacks. For several years following the tax rate reductions of the Tax Reform Act of 1986 (TRA 86) these firms had incentives to shift recognition of revenues and expenses across years to increase their NOL carrybacks. By examining how NOL firms shift income and cross-sectional variation in the extent to which they do so, this research extends prior examinations of intertemporal income shifting by profitable firms (see Scholes, Wilson, and Wolfson [1992] and Guenther [1994]).1