Doctor of Philosophy, Stanford University
Master of Economics, Monash University
Diploma of Education, University of Melbourne
Bachelor of Commerce, University of Melbourne
Effect of Taxes on Business Decisions and Asset Prices
Capital Markets-Based Accounting Research
Employee Stock Options
Statistical Significance Testing Issues
Professor Terry Shevlin is a professor of accounting, Paul Merage Chair in Business Growth, Associate Dean of Research and Doctoral Programs at the UCI Paul Merage School of Business. He earned his PhD from Stanford University in 1986 and joined the faculty at the University of Washington where he worked for 26 years until joining UCI in the summer of 2012. He visited the University of Iowa in 1991-92. He held the Paul Pigott/Paccar Professor of Business Administration from 2004-2012. While at Washington he held various administrative position: faculty director of the PhD Program 1998-2006 and Accounting Department Chair from 2006-2012. He has served as editor on three academic journals: Journal of the American Taxation Association (1996-1999), Senior Editor, The Accounting Review (2002-2005) and Co-editor, Accounting Horizons (2009-2012) and on numerous editorial boards (including the top four accounting journals). He has published over 45 articles in the very top accounting and finance journals.
He has received a number of awards for his research and mentoring of PhDs the most recent being named the American Accounting Association Outstanding Educator for 2012. He was also named the American Taxation Association 2005 Ray M. Sommerfeld Outstanding Tax Educator. He has won the American Taxation Association Tax Manuscript Award four times (in 2017, 2004, 1995, and 1992) and twice won the AAA Competitive Manuscript for young scholars (1990 and 1987). He was awarded the UW Business School Dean’s Faculty Research Award four times.
His research interests are broad and include the effect of taxes on business decisions and asset prices, capital markets-based accounting research, earnings management, employee stock options, research design and statistical significance testing issues.
His teaching interests: financial accounting, taxes and business decisions, empirical research methodology.
He has spoken at numerous doctoral consortiums.
Honors and Awards
- Keynote Speaker, Invited Speaker, Accounting Leading Scholar Symposium Series, Indiana University, May 2017, University of North Carolina Annual Tax Symposium 2017, London School of Economics Research Conference 2016, University of Münster Tax Research Conference 2016, 2010, Singapore Management University Research Conference 2016, 2011, Deans Lecture, Norwegian School of Economics, 2015.
- Distinguished Visiting Professor, Stanford University GSB, February 2015. Columbia University, December 2016, Singapore Management University December 2016, 2011.
- American Accounting Association Outstanding Educator 2012.
- Held the Paul Pigott/Paccar Professor of Business Administration, 2004-2012
- American Taxation Association 2005 Ray M. Sommerfeld Outstanding Tax Educator.
- Winner 2017, 2004, 1995, and 1992 American Taxation Association Tax Manuscript Award.
- Distinguished Visiting Faculty, American Accounting Association Doctoral Consortium, Lake Tahoe, June, 2008, 2006, 1998, 1997, and 1993.
- Winner, American Accounting Association Competitive Manuscript Award 1990, 1987.
- Co-editor, Accounting Horizons (2009-2012); Senior Editor, The Accounting Review (2002-2005);
- Editor, Journal of the American Taxation Association (1996-1999)
- 2017, “Does U.S. foreign earnings lockout advantage foreign acquirers?” with Andrew Bird and Alex Edwards, Journal of Accounting and Economics, Vol 64: 150-166. DOI: https://doi.org/10.1016/j.jacceco.2017.06.004
- 2017, “Do analysts matter for corporate tax planning? Evidence from a natural experiment,” with Novia Chen and Peng-Chia Chiu, Contemporary Accounting Research, (forthcoming).
- 2017, “Tax rates and corporate decision making,” with John Graham, Michelle Hanlon, and Nemit Shroff, Review of Financial Studies, (forthcoming).
- 2017, “Book-tax conformity and capital structure,” with Brad Blaylock and Fabio Gaertner, Review of Accounting Studies, Vol. 22. No. 2, 903-932. DOI: 10.1007/s11142-017-9386-2
- 2017, “An examination of firms’ responses to tax forgiveness,” with Jacob Thornock and Braden Williams, Review of Accounting Studies, Vol. 22. No. 2, 577-607. DOI 10.1007/s11142-017-9390-6
- 2016, “The effect of corporate tax avoidance on the cost of equity,” with Beng Wee Goh, Jimmy Lee, and Chee Yeow Lim, The Accounting Review, Vol. 91, No. 6, 1647-1670. DOI: 10.2308/accr-51432
- 2016, “The role of managerial ability in corporate tax avoidance,” with Allison Koester and Dan Wangerin, Management Science, (forthcoming). DOI: 10.1287/mnsc.2016.2510
- 2016, “Discussion of “Targets tax shelter participation and takeover premiums”,” Contemporary Accounting Research, Vol. 33, No. 4, 1473-1488. DOI: 10.1111/1911-3846.12227
- 2016, “Internal governance and real earnings management,” with Qiang Cheng and Jimmy Lee, The Accounting Review, Vol. 91, No. 4, 1051-1085. DOI: 10.2308/accr-51275
- 2016, “The tax policy debate: Increasing the policy impact of academic tax accounting research,” with Roy Clemons, Journal of the American Taxation Association, Vol. 38, No. 1, 29-37. DOI: 10.2308/atax-51359
- 2016, “Financial constraints and cash tax savings,” with Alex Edwards and Casey Schwab, The Accounting Review, Vol. 91, No. 3, 859-881. DOI: 10.2308/accr-51282
- 2016, “Firm-specific estimates of differential persistence and their incremental usefulness for forecasting and valuation,” with Andrew Call, Max Hewitt, and Teri Yohn, The Accounting Review, Vol. 91, No. 3, 811-833. DOI: 10.2308/accr-51233
- 2016, “Measuring tax accrual quality,” with Preeti Choudhary and Allison Koester, Review of Accounting Studies, Vol. 21, 89-139. DOI: 10.1007/s11142-015-9336-9
- 2015, “A new measure of disclosure quality: The level of disaggregation of accounting information in annual reports,” with Shuping Chen and Bin Miao, Journal of Accounting Research, Vol. 53, No. 4, 1017-1054. DOI: 10.1111/1475-679X.12094
- 2015, “Market (In)attention and the strategic scheduling and timing of earnings announcements,” with Ed deHaan and Jake Thornock, Journal of Accounting and Economics, Vol 60, No. 1, 36-55. DOI: 10.1016/j.jacceco.2015.03.003
- 2015, “The association between book-tax conformity and earnings management,” with Brad Blaylock and Fabio Gaertner, Review of Accounting Studies, Vol 20, No. 1, 141-172. DOI: 10.1007/s11142-014-9291-x
- 2014, “Incentives for tax planning and avoidance: Evidence from the field,” with Michelle Hanlon, John Graham and Nemit Shroff, The Accounting Review, Vol. 89, No. 3, 991-1023. DOI: 10.2308/accr-50678
- 2013, “Some personal observations on the debate on the link between financial reporting quality and the cost of equity capital,” Australian Journal of Management, Vol 38, No. 3, 447-473. DOI: 10.1177/0312896213510669
- 2013, “Does voluntary adoption of a clawback provision improve financial reporting quality?” With Ed deHaan and Frank Hodge, Contemporary Accounting Research, Vol 30, No. 3, 1027-1062. DOI: 10.1111/j.1911-3846.2012.01183.x
- 2012, “Tax avoidance, large positive temporary book-tax differences, and earnings persistence,” with Brad Blaylock and Ryan Wilson, The Accounting Review, Vol 87, No. 1, 91-120. DOI: 10.2308/accr-10158
- 2012, “Domestic income shifting by Chinese listed firms,” with Tanya Tang and Ryan Wilson, Journal of the American Taxation Association, Vol 34, No. 1, 1-29. DOI: 10.2308/atax-10150
- 2011, “Real effects of accounting rules: Evidence from multinational firms’ investment location and profit repatriation decisions,” with Michelle Hanlon and John Graham, Journal of Accounting Research, Vol. 49, No. 1, 137-185. DOI: 10.1111/j.1475-679x.2010.00395.x
- 2011, “The value of a flow-through entity in an integrated corporate tax system,” with Alex Edwards, Journal of Financial Economics, Vol 101, No. 2, 473-491 DOI: 10.1016/j.jfineco.2011.03.003
- 2011, “Why do CFOs become involved in material accounting manipulations?” with Mei Feng, Weili Ge and Shuqing Luo. Journal of Accounting and Economics, Vol 51, No 1-2, 21-36. DOI: 10.1016/j.jacceco.2010.09.005
- 2010, “Barriers to mobility: The lockout effect of US taxation of worldwide corporate profits,” with John Graham and Michelle Hanlon, National Tax Journal, Vol 63, No. 2 Part 2, 1111-1144. DOI: 10.17310/ntj.2010.4s.12
- 2010, “Are family firms more tax aggressive than non-family firms?” with Shuping Chen, Xia Chen and Qiang Cheng, Journal of Financial Economics, Vol 95, No. 1, 41-61. DOI: 10.1016/j.jfineco.2009.02.003
- 2010, “Accounting restatements and information risk,” with Todd Kravet, Review of Accounting Studies, Vol 15, No. 2, 264-294. DOI: 10.2308/acch.2009.23.1.55
- 2009, “Do managers value stock options and restricted stock consistent with economic theory?” with Frank Hodge and Shiva Rajgopal, Contemporary Accounting Research, Vol 26, No 3, 899-932. DOI: 10.1506/car.26.3.11
- 2008, “An unintended consequence of book-tax conformity: A loss of earnings informativeness,” with Michelle Hanlon and Ed Maydew, Journal of Accounting and Economics, 46, 294-311. DOI: 10.1016/j.jacceco.2008.09.003
- 2008, “Economic consequences of increasing the conformity in accounting for uncertain tax benefits,” with Pete Frischmann and Ryan Wilson, Journal of Accounting and Economics, 46, 261-278. DOI: 10.1016/j.jacceco.2008.08.002