adidas Chair of Finance, Accounting, and Taxation –

How taxes affect decisions.

About us

In 2019 the former Chair of Taxation was renamed as adidas Chair of Finance, Accounting, and Taxation.
The Chair aims at promoting its three major fields of research by providing solid scientific foundations, conveying them by teaching and not least promoting the exchange with the business practice.
When working in the fields of economics, finance, and accounting, taxation is an important aspect. Tax policy has a major impact on the behaviour of individuals and decisions of companies.
For example, corporate and personal taxes influence corporate location decisions, the distribution of profits in multinational corporations, capital structure, dividend policy, and corporate investments. Individuals decide for whom they work, whether to emigrate or become self-employed. All these decisions are influenced by taxes.

Our Research Focus

High-quality and innovative research –
Deepening the understanding of the effects of taxation.

The adidas Chair of Finance, Accounting and Taxation aims at deepening the understanding of the effects of taxation. The Chair‘s research and teaching relates to the three subjects economics, finance, and accounting. First, the Chair‘s research relates to the economics literature on individual tax evasion and tax avoidance decisions. Second, teaching and research focus on finance topics, for example, the effects of taxes on payout policies and investment policies of firms. Third, the Chair‘s research focuses on the role of taxes in accounting, in particular, on the effect of accounting norms on tax revenues and the valuation relevance of tax accounting.

The main research focuses of the Chair are:

  • Taxation and investment decisions
  • Taxation and payout policies
  • Capital Gains Taxation
  • Empirical Tax Research
Publications

Covering topics on tax effects –
Take a look at our recent publications.

Management Science, forthcoming
Real Effects of Tax Uncertainty: Evidence from Firm Capital Investments
Martin Jacob with Kelly Wentland and Scott A. Wentland

Read the article here


Journal of Accounting Research, 2020, 58, 1117-1159
Corporate Tax Enforcement Externalities and the Banking Sector
Martin Jacob with John Gallemore

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Review of Financial Studies, 2019,32,3144-3182
Consumption Taxes and Corporate Investment
Martin Jacob with Roni Michaely and Maximilian A. Müller

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The Accounting Review, 2018, 93(4), 101-125
Tax Loss Carrybacks: Investment Stimulus versus Misallocation
Martin Jacob with Inga Bethmann and Maximilian A. Müller

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Review of Financial Studies, 2017, 30, 3176-3222
Taxation and Dividend Policy: The Muting Effect of Agency Issues and Shareholder Conflicts
Martin Jacob with Rony Michaely

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Journal of Accounting and Economics, 2017, 63, 307-328
The Effect of Corporate Taxation on Bank Transparency: Evidence from Loan Loss Provisions
Martin Jacob with Kathleen Andries and John Gallemore

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Journal of Public Economics, 2017, 151, 74-83
Do Dividend Taxes Affect Corporate Investment?
Martin Jacob with Annette Alstadsæter and Rony Michaely

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Journal of Accounting Research, 2014, 52(5), 1127-1163
Why Do Countries Mandate Accrual Accounting for Tax Purposes?
Martin Jacob with Igor Goncharov

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Journal of Financial Economics, 2013, 107(1), 1-24
Payout Taxes and the Allocation of Investment
Martin Jacob with Bo Becker and Marcus Jacob

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Journal of Financial and Quantative Analysis, 2013, 48(4), 1241-1269
Taxation, Dividends, and Share Repurchases: Taking Evidence Global
Martin Jacob with Marcus Jacob

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Journal of Corporate Finance, forthcoming
Dividend Taxes, Employment, and Firm Productivity
Martin Jacob

Read the article here


European Accounting Review, forthcoming
Real Effects of Corporate Taxation: A Review
Martin Jacob

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Review of Managerial Science, 2021, 15, 459-495
Why Do Not All Firms Engage in Tax Avoidance?
Martin Jacob with Anna Rohlfing-Bastian and Kai Sandner

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Accounting and Business Research, 2020, 50, 309–341
Corporate Tax Reforms and Tax-Motivated Profit Shifting: Evidence from the EU
Martin Jacob with Anna Alexander and Antonio De Vito

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European Accounting Review, 2020, 29, 409–435
Firm Valuation and the Uncertainty of Future Tax Avoidance
Martin Jacob with Harm Schütt

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European Accounting Review, 2018, 27, 1–21
Tax Regimes and Capital Gains Realizations
Martin Jacob

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Public Finance Review, 2018, 46(4), 609–634
Tax Incentives and Non-Compliance – Evidence from Swedish Micro Data
Martin Jacob with Annette Alstadsæter

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Journal of Economic Behavior and Organization, 2016, 127, 182–206
Does Legality Matter? The Case of Tax Avoidance and Evasion
Martin Jacob with Kay Blaufus, Matthias Braune, and Jochen Hundsdoerfer

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Journal of Banking and Finance, 2016, 63, 35–47
Corporate Finance and the Governance Implications of Removing Government Support Programs
Martin Jacob with Sofia Johan, Denis Schweizer, and Feng Zhan

Read the article here


Accounting and Business Research, 2016, 46, 731–759
Do Corporate Tax Cuts Increase Investments?
Martin Jacob with Laura Dobbins

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Scandinavian Journal of Economics, 2016 118, 693–717
Dividend Taxes and Income Shifting
Martin Jacob with Annette Alstadsæter

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Applied Economics, 2016, 28, 2779–2796
Who Participates in Tax Avoidance? Evidence from Swedish microdata
Martin Jacob with Annette Alstadsæter

Read the article here


Applied Economics, 2016, 28, 2611–2624
Cross-Base Tax Elasticity of Capital Gains
Martin Jacob

Read the article here


Economics Letters, 2015, 131, 91–93
Self-Serving Bias and Tax Morale
Martin Jacob with Kay Blaufus, Matthias Braune, and Jochen Hundsdoerfer

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Economics Letters, 2013, 118 (1), 186–188
Taxation and the Cash Flow Sensitivity of Dividends
Martin Jacob with Marcus Jacob

Read the article here


FinanzArchiv/Public Finance Analysis, 2013, 69(1), 30–56
Capital Gains Taxes and the Realization of Capital Gains and Losses – Evidence from German Income Tax Data
Martin Jacob

Read the article here


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Exchange with adidas

Adidas and WHU –
Business and Research in constant exchange.

As a result of the cooperation between WHU and the adidas Group, which was inaugurated in September 2019, the former Chair of Business Taxation was renamed as adidas Chair of Finance, Accounting, and Taxation
One of its goals is to deepen the interaction between research, education, and business practice. 
For this purpose, presentations and guest lectures of experts from various business units of the adidas Group take place regularly. On these occasions, they present best cases and share essential experiences from their daily business practice to the students.
Furthermore, the cooperation with adidas focuses on fostering the students´ practical competences in the field of Finance, Accounting, and Taxation, in order to endow them with crucial insights into the industry of consumer goods.
Besides, the adidas Group regularly offers topics, which can be handled in the context of an internship/thesis-combination program. Students can also apply for a mere internship, whether with a duration of three months in summer or six months during a gap year.

Mutual professional exchange is a fundamental part of the cooperation between adidas AG and WHU- Otto Beisheim School of Management.
A clear focus on imparting practical knowledge is deeply rooted in the principles of our business school. Therefore, guest lectures are an important pillar of our teaching.
On a regular basis, experts from adidas visit lectures and other events on both WHU campuses sharing exclusive business insights from one of the world´s leading sportswear manufacturers.  

Tax Readings Group

WHU’s Tax Readings Group encourages doctoral students and faculty to discuss new tax research and provide feedback to authors. We meet on a monthly basis to discuss current working papers and correspond with the authors to provide timely and constructive feedback.

 

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Berlin-Vallendar Tax Conference

The Berlin-Vallendar Tax Conference was launched by two chairs at WHU - Otto Beisheim School of Management and Freie Universität Berlin. The conference provides international researchers in Business Taxation the opportunity to discuss current research trends.

 

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WHU Financial Accounting & Tax Center (FAccT)

The WHU FAccT Center is dedicated to generating and disseminating scientific knowledge about the economic consequences of financial accounting and taxation that is relevant to students, practitioners and policy makers.

 

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News

Innovation on the move –
Keep up with the latest events and activities.

Adidas CFO elaborates on how to cope with challenging times in the sports equipment industry

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On August 27, 2021, the 7th Berlin-Vallendar Tax Conference took place as a digital event.

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Invitation for the 7th Berlin-Vallendar Conference on Tax Research on August 27, 2021 (virtual)

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TRR 266 Accounting for Transparency invited to virtual tax conference

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Our Team

The adidas Chair of Finance, Accounting and Taxation Team:

Professor Dr. Martin Jacob

Chairholder

+49 (0)261 6509 350 
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Swenja Thur

Personal Assistant

+49 (0)261 6509 353
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Hanna Rhein-Op den Camp

Project Manager

+49 (0)261 6509 731 
Send email
 

 

Thorben Wulff

Doctoral Student / Research Assistant

+49 (0)261 6509 352 
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Robert Vossebürger

Doctoral Student / Research Assistant

+49 (0)261 6509 354
Send email

Professor Dr. Frank Hechtner

Diplom-Ökonom

Friedrich-Alexander Universität Erlangen-Nürnberg
Fachbereich Wirtschafts- und Sozialwissenschaften

 

Sven Westphälinger

Partner International Tax,
KPMG AG Wirtschaftsprüfungsgesellschaft