Tests of a Deferred Tax Explanation of the Negative Association between the LIFO Reserve and Firm Value

Keyphrases

• Assets-liabilities 10%
• Company Value 100%
• Corporate Tax Rates 10%
• Deferred Tax Liabilities 20%
• Deferred Taxes 100%
• Firm Market Value 10%
• First-in-first-out 10%
• Last-in-first-out 100%
• Market Value 20%
• Market Value of Equity 20%
• Negative Association 100%
• Net Assets 10%
• Off-balance-sheet 10%
• Tax Burden 10%
• Tax Rate 10%
• Tax Reform Act of 1986 10%
• US Tax Reform 10%
• Valuation Models 10%

Economics, Econometrics and Finance

• Liquidation 16%
• Tax Incidence 16%