WHU professor becomes first European editor for tax at The Accounting ReviewRead more
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.
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
Covering topics on tax effects –
Take a look at our recent publications.
The Accounting Review, forthcoming
Do Corporate Taxes affect Executive Compensation?
Martin Jacob with Tobias Bornemann and Mariana Sailer
The Accounting Review, forthcoming
Withholding Taxes, Compliance Cost and Foreign Portfolio Investments
Martin Jacob with Maximilian Todtenhaupt
The Accounting Review, 2022,32,233-261
Beyond Borders: Supragovernmental Tax Enforcement and Investment
Martin Jacob with Zackery D. Fox, Jaron Wilde, and Ryan Wilson
Journal of Accounting and Economics, 2022, 74, 101479
Does Differential Taxation of Short-Term Relative to Long-Term Capital Gains Affect Long-Term Investment?
Martin Jacob with Eric He, Rahul Vashishtha, and Mohan Venkatachalam
Contemporary Accounting Research, forthcoming
Tax Incidence and Tax Avoidance
Martin Jacob with Scott Dyreng, Xu Jiang, and Maximilian Mülller
Journal of Financial and Quantitative Analysis, forthcoming
The Role of Creditor Protection in Lending and Tax Avoidance
Martin Jacob with Antonio De Vito
Management Science, 2022, 68, 4065-4089
Real Effects of Tax Uncertainty: Evidence from Firm Capital Investments
Martin Jacob with Kelly Wentland and Scott A. Wentland
Journal of Corporate Finance, 2022, 77,102275
The Role of Personal Income Taxes in Corporate Investment Decisions
Martin Jacob with Robert Vossebürger
European Accounting Review, 2022, 31, 269-296
Real Effects of Corporate Taxation: A Review
Journal of Corporate Finance, 2021, 69 Article 102040
Dividend Taxes, Employment, and Firm Productivity
Journal of Accounting Research, 2020, 58, 1117-1159 (Recognized as Top Cited Articel 2020-2021)
Corporate Tax Enforcement Externalities and the Banking Sector
Martin Jacob with John Gallemore
Review of Financial Studies, 2019, 32, 3144-3182
Consumption Taxes and Corporate Investment
Martin Jacob with Roni Michaely and Maximilian A. Müller
The Accounting Review, 2018, 93, 101-125
Tax Loss Carrybacks: Investment Stimulus versus Misallocation
Martin Jacob with Inga Bethmann and Maximilian A. Müller
Review of Financial Studies, 2017, 30, 3176-3222
Taxation and Dividend Policy: The Muting Effect of Agency Issues and Shareholder Conflicts
Martin Jacob with Roni Michaely
Journal of Accounting and Economics, 2017, 63, 307-328
The Effect of Corporate Taxation on Bank Transparency: Evidence from the Deductibility of Loan Losses
Martin Jacob with Kathleen Andries and John Gallemore
Journal of Public Economics, 207, 151, 74-83
Do Dividend Taxes Affect Corporate Investment?
Martin Jacob with Annette Alstadsaeter and Roni Michaely
Journal of Accounting Research, 2014, 52(5), 1127-1163
Why Do Countries Mandate Accrual Accounting for Tax Purposes?
Martin Jacob with Igor Goncharov
Journal of Financial Economics, 2013, 107(1), 1-24
Payout Taxes and the Allocation of Investment
Martin Jacob with Bo Becker and Marcus Jacob
Journal of Financial and Qualitative Analysis, 2013, 48(4), 1241-1269
Taxation, Dividends, and Share Repurchases: Taking Evidence Global
Martin Jacob with Marcus Jacob
The effects of the 2006 tax reform on investments, job creation, and business start-ups
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 a thesis-internship-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.
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.
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.
Innovation on the move –
Keep up with the latest events and activities.
Eight WHU faculty members appear in the WirtschaftsWoche’s researchers ranking; Martin Jacob the young star in business administrationRead more
On August 27, 2021, the 7th Berlin-Vallendar Tax Conference took place as a digital event.Read more
Adidas CFO elaborates on how to cope with challenging times in the sports equipment industryRead more
TRR 266 Accounting for Transparency invited to virtual tax conferenceRead more
The adidas Chair of Finance, Accounting and Taxation Team:
Professor Frank Hechtner
Friedrich-Alexander Universität Erlangen-Nürnberg
Fachbereich Wirtschafts- und Sozialwissenschaften
Partner International Tax,
KPMG AG Wirtschaftsprüfungsgesellschaft