VITA

 

DOUGLAS A. SHACKELFORD

 

March 2002

 

 

ADDRESS

Office                                                                                                   

Kenan-Flagler Business School                                                    

University of North Carolina at Chapel Hill                              

Campus Box 3490, McColl Building                                            

Chapel Hill, NC USA 27599-3490                                            

(919) 962-3197 (phone)                                                 

(919) 962-4727 (fax)

doug_shack@unc.edu

 

 

EDUCATION

Ph.D., 1990, University of Michigan

Thesis:                 The Market for Tax Benefits: Evidence from Leveraged ESOPs

Committee:                Victor L. Bernard (chairman), Roger H. Gordon, Eugene A. Imhoff, Jr. and Joel B. Slemrod

 

Graduate business courses, 1985-1986, Virginia Polytechnic Institute & State University

 

B.S., 1980, University of North Carolina at Chapel Hill, Phi Beta Kappa

 

 

EXPERIENCE

University of North Carolina, Kenan-Flagler Business School

Professor and Andersen Distinguished Tax Scholar, 1999-present

Director, Center for Excellence in Tax, 2001-present

          Associate Dean for the Master of Accounting program, 1998-present

          Associate Professor, 1996-1999

          Assistant Professor, 1990-1996

 

University of Maastricht

        Visiting Professor, 2001

 

National Bureau of Economic Research, Inc.   

          Research Associate (Public Economics), 1997-present

 

Stanford University, Graduate School of Business

          Visiting Assistant Professor, 1993-1994

 

Arthur Andersen & Co.

          Senior Tax Consultant, 1981-1985

 

Certified Public Accountant, North Carolina, 1983-present

         

 

PUBLICATIONS

Referred

“Equity Price Pressure from the 1998 Reduction in the Capital Gains Holding Period,” (with Jennifer L. Blouin

          and Jana S. Raedy), Journal of the American Taxation Association, 24 Supplement, 2002, forthcoming.

 

“Intertemporal Tax Discontinuities,” (with Robert E. Verrecchia), Journal of Accounting Research, 40:1, March 2002, 205-222.

 

“The Determinants of Capital Gains Tax Compliance: Evidence from the RJR Nabisco Leveraged Buyout,” (with Wayne R. Landsman and Robert J. Yetman), Journal of Public Economics, 2001, forthcoming.

 

“Empirical Tax Research in Accounting,” (with Terry Shevlin), Journal of Accounting and Economics, 31:1-3, September 2001, 321-387.

 

“The Relation between Auditors’ Perceived Business Risk and Audit Fees,” (with Timothy B. Bell and Wayne R. Landsman), Journal of Accounting Research, 39:1, Spring 2001, 35-43.

 

“Valuing Deferral: The Effect of Permanently Reinvested Foreign Earnings on Stock Prices,” (with Julie H. Collins and John R. M. Hand), in International Taxation and Multinational Activity, edited by James R. Hines, Jr., University of Chicago Press (Chicago, IL), 2001, 143-166.

 

“The Impact of State Taxes on Self-Insurance,” (with Bin Ke and Kathy R. Petroni), Journal of Accounting and Economics, 30:1, August 2000, 99-122.

 

“Capitalization of Capital Gains Taxes: Evidence from Stock Price Reactions to the 1997 Rate Reduction,” (with Mark H. Lang), Journal of Public Economics, 76, April 2000, 69-85.

 

“Stock Market Reaction to Capital Gains Tax Changes: Empirical Evidence from the 1997 and 1998 Tax Acts,” in Tax Policy and the Economy, vol. 14, edited by James M. Poterba, National Bureau of Economic Research and MIT Press (Cambridge, MA.), 2000, 67-92.

 

“The Tax Environment Facing the Wealthy,” in Does Atlas Shrug? The Economic Consequences of Taxing the Rich, edited by Joel B. Slemrod, Russell Sage Foundation and Harvard University (New York, NY), 2000, 114-137.

 

“Managing Annual Accounting Reports to Avoid State Taxes: An Analysis of Property-Casualty Insurers,” (with Kathy R. Petroni), Accounting Review, 74:3, July 1999, 371-393.

 

“State and Provincial Corporate Tax Planning: Income Shifting and Sales Apportionment Factor Management,” (with Kenneth J. Klassen), Journal of Accounting and Economics, 25:3, June 1998, 385-406.

 

“The Revenue Consequences of Using Formula Apportionment to Calculate U.S. and Foreign-Source Income: A Firm-Level Analysis,” (with Joel B. Slemrod), International Tax and Public Finance, 5:1, February 1998, 41-59.

 

          “The Effects of Taxes, Regulation, Earnings, and Organizational Form on Life Insurers’ Investment Portfolio Realizations,” (with Julie H. Collins and Greg G. Geisler), Journal of Accounting and Economics, 24:3, December 1997, 337-361.

 

“Global Organizations and Taxes: An Analysis of the Dividend, Interest, Royalty, and Management Fee Payments Between U.S. Multinationals’ Foreign Affiliates,” (with Julie H. Collins), Journal of Accounting and Economics, 24:2, December 1997, 151-173.  An adaptation reprinted by the Tax Foundation, Washington, D.C., 1997.

 

          “Transfer Pricing and the Persistent Zero Taxable Income of Foreign-Controlled U.S. Corporations” (with Julie H. Collins and Deen Kemsley), Journal of the American Taxation Association, 19 Supplement, 1997, 68-83.

 

          “Taxation, Regulation, and the Organizational Structure of Property-Casualty Insurers,” (with Kathy R. Petroni), Journal of Accounting and Economics, 20:3, December 1995, 229-253.

 

          “Bank Differences in the Coordination of Regulatory Capital, Earnings, and Taxes,” (with Julie H. Collins and James M. Wahlen), Journal of Accounting Research, 33:2, Autumn 1995, 263-291.

 

          “The Lock-In Effect of the Capital Gains Taxes: Evidence from the RJR Nabisco Leveraged Buyout,” (with Wayne R. Landsman), National Tax Journal, XLVIII:2, June 1995, 245-259.

 

          “Corporate Domicile and Average Effective Tax Rates: The Cases of Canada, Japan, the United Kingdom, and the United States,” (with Julie H. Collins), International Tax and Public Finance 2:1, May 1995, 55-83; reprinted in The Taxation of Multinational Corporations, edited by J. Slemrod, Kluwer Academic Publishers (Boston, MA), 1996, 51-79.

 

          “Tax Reform and Foreign Acquisitions: A Microanalysis,” (with Julie H. Collins and Deen Kemsley), National Tax Journal, XLVIII:1, March 1995: 1-21.

 

          “Foreign Tax Credit Limitations and Preferred Stock Issuances,” (with Julie H. Collins), Journal of Accounting Research, 30: Supplement, 1992: 103-124.

 

          “The Market for Tax Benefits: Evidence from Leveraged ESOPs,” Journal of Accounting and Economics, 14:2, June 1991: 117-145. 

 

          “An Automobile Lease-Buy Decision Model,” (with Cherie J. O'Neil), Journal of Accountancy, September 1989: 154-162.

 

 

Other

“Auditors Should Refuse to Accept Risky Clients,” The News & Observer (Raleigh, N.C.), February 3, 2002. 

 

“Book Review of Taxes and Business Strategy: A Planning Approach, 2nd edition,” The Journal of the American Taxation Association, 23:2, Fall 2001: 80-82.

 

“Discussion of ‘The Effects of Taxes, Agency Costs and Information Asymmetry on Earnings Management: A Comparison of Public and Private Firms,’ ” Review of Accounting Studies, 4, 1999, 327-329.

 

“Taxes and Cross-Border Investments: The Empirical Evidence,” (with Julie H. Collins), Tax Notes, January 4, 1999, 131-134. Reprinted as “Writers Challenge Claim of Favorable Cross-Border Taxation,” Tax Notes International, January 11, 1999, 201-206.

         

          “You Can’t Fix this Problem in a Progressive Tax System,” The News & Observer (Raleigh, N.C.), April 12, 1998.

         

          “Tax and Financial Accounting Effects and the Lobbying for D.I.S.C. Repeal: Discussion,” Proceedings of the 1995 University of Illinois Tax Research Symposium, edited by P. Beck and E. Willis, Office of Accounting Research, University of Illinois at Urbana-Champaign, 1997: 17-21.

         

          “Earnings, Regulatory Capital and Tax Management: Comments,” Journal of Accounting and Economics, 22:1-3, August-December 1996: 241-247.

 

          “Using Financial Statement Information to Compare the Corporation Income Tax Systems of Canada, Japan, the United Kingdom, and the United States,” (with Julie H. Collins) in National Tax Policy in an International Economy, International Tax Policy Forum (Washington, D.C.), 1995: 9-12.

         

          “Review of State Taxation of Business: Issues and Policy Options,” National Tax Journal, 46:4, December 1993: 543-546.

         

          “Book Review of Taxes and Business Strategy: A Planning Approach,” The Journal of the American Taxation Association, 17:1, Spring 1995: 115-116.

         

          “Discussion of ‘The Impact of US Tax Law Revision on Multinational Corporations' Capital Location and Income Shifting Decisions’ and ‘Geographic Income Shifting by Multinational Corporations in Response to Tax Rate Changes,’ ” Journal of Accounting Research, 31: Supplement, 1993: 174-182.

 

 

WORKING PAPERS

“Bringing Down the Other Berlin Wall: Germany’s Repeal of the Corporate Capital Gains Tax,” (with Mark H. Lang and Edward L. Maydew), January 2002.

 

“Capital Gains Taxes and Equity Trading: Empirical Evidence,” (with Jennifer L. Blouin and Jana S. Raedy), December 2001.

         

“Copycat Funds: Information Disclosure Regulation and the Returns to Active Management in the Mutual Fund Industry,” (with Mary M. Frank, James M. Poterba and John B. Shoven), February 2002.

 

“Diversification and Taxes: Evidence from the Taxation of Capital Gains and Losses,” (with Richard J. Rendleman, Jr.), October 2001

 

“Does Acquisition by a Foreigner Cause U.S. Companies to Pay Less Tax?” (with Jennifer L. Blouin and Julie H. 

          Collins), October 2001.

 

“Employee Stock Options, Corporate Taxes and Debt Policy,” (with John R. Graham and Mark H. Lang), March

          2002.

 

         

ACADEMIC HONORS AND AWARDS

Kenan-Flagler PhD Teaching Award, 1999

KPMG Peat Marwick Faculty Fellow, 1995-1998

Ernst & Young Foundation Research Grants, 1993, 1995, 1996, 1997

Tax Foundation / Ernst & Young Visiting Professor, 1993, 1995

          American Taxation Association Tax Manuscript Award (with Julie H. Collins) for "Foreign Tax Credit Limitations and Preferred Stock Issuances," 1993-1994

Price Waterhouse Fellowship in Tax, 1993

KPMG Peat Marwick Research Grants, 1992, 1994 (two)

KPMG Peat Marwick Research Fellowship, 1992-1995

American Taxation Association / Price Waterhouse Dissertation Award, 1991

Finalist, National Tax Association - Tax Institute of America Outstanding Doctoral Dissertation Award, 1990

Deloitte, Haskins & Sells Doctoral Fellow, 1989-1990

 

 

PROFESSIONAL ACTIVITIES

Associate Editor

          Accounting Horizons, 1997-2000

          Journal of Accounting and Economics, 1994-1999

 

Editorial Board

          Accounting Horizons, 2000-present

          Accounting Review, 1995-2000

          Journal of Accounting Research, 2001

Journal of the American Taxation Association, 1991-1994, 1998-present

 

Advisory Board

          Accounting Research Network: Auditing, Litigation and Tax Abstracts, 1997-present

 

American Accounting Association

          Publications Committee, 2001-2004 

          First Globalization Conference Paper Review Team, 1999

          Notable Contributions to Accounting Literature Award—Screening Committee, 1998-1999

          Research Advisory Committee, 1995-1998

New Faculty Consortium Committee, 1995-1998

          Doctoral Consortium Distinguished Visiting Faculty, 1995

Program Advisory Committee, 1992-1993

 

American Taxation Association

          History Committee (chair), 1998-1999

Board of Trustees, 1995-1997

          Director of Publications, 1996-1997

          Publications Committee, 1995-1997

Concerns of New Tax Faculty Committee (chair), 1994-1996

Nominations Committee, 1993-1994, 1997-1998

Research, Resource and Methodology Committee, 1990-1993

 

Deloitte & Touche Foundation

          Doctoral Fellowship Program Independent Selection Committee Member, 1995-1997

 

Ernst & Young Summer Tax Conference

          Director and Faculty, 1997

          Faculty, 1994

         

University of North Carolina/KPMG Foundation Tax Research Symposium

          Originator and Director, 1998-present

 

 

TEACHING

Degree Programs

Taxes and Business Strategy: Doctoral, MBA and Master of Accounting

Financial Accounting: MBA and Undergraduate

 

Executive Education

Tax Issues in Mergers and Acquisitions: Amsterdam Institute of Finance: 1995-1996

 

Doctoral Students

Dissertation Committee Chair: Mary Margaret Myers [1999], Robert Yetman [2000]

Dissertation Committee Member: Greg Geisler [1995], Deen Kemsley [1995], Will Cardwell [1996], Luann Lynch [1998], Sonja Olhoft [1999 (University of Michigan)]

 

 

SERVICE

Kenan-Flagler Business School, Ad-hoc Advisory Committee, 1998

Kenan-Flagler Business School, Ph.D. Teaching Awards Selection Committee, 1998, 2000-2001

Kenan-Flagler Business School, Doctoral Program Committee: 1991-1993, 1995-1998

Kenan-Flagler Business School, Masters of Accounting Program Committee: 1996-present

Kenan-Flagler Business School, Cato Center PhD Research Committee, 1996-1998

Kenan-Flagler Business School, Undergraduate Honors Committee: Jason Richardson [1995], April Wolfe [1996]

Kenan-Flagler Business School, Entrepreneurship Task Force, 1995

Kenan-Flagler Business School, Accounting Area Recruiting (Chair): 1994-1995

University of North Carolina Search Committee for the Kenan-Flagler Business School Dean: 1991-1992