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.

The Accounting Review, forthcoming
Do Corporate Taxes affect Executive Compensation?
Martin Jacob with Tobias Bornemann and Mariana Sailer

Read the article here


The Accounting Review, forthcoming
Withholding Taxes, Compliance Cost and Foreign Portfolio Investments
Martin Jacob with Maximilian Todtenhaupt

Read the article here


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

Read the article here


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

Read the article here


Contemporary Accounting Research, forthcoming
Tax Incidence and Tax Avoidance
Martin Jacob with Scott Dyreng, Xu Jiang, and Maximilian Mülller

Read the article here


Journal of Financial and Quantitative Analysis, forthcoming
The Role of Creditor Protection in Lending and Tax Avoidance
Martin Jacob with Antonio De Vito

Read the article here


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

Read the article here


Journal of Corporate Finance, 2022, 77,102275
The Role of Personal Income Taxes in Corporate Investment Decisions
Martin Jacob with Robert Vossebürger

Read the article here


European Accounting Review, 2022, 31, 269-296
Real Effects of Corporate Taxation: A Review
Martin Jacob

Read the article here


Journal of Corporate Finance, 2021, 69 Article 102040
Dividend Taxes, Employment, and Firm Productivity
Martin Jacob 

Read the article here

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

Read the article here


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

Read the article here


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

Read the article here


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

Read the article here


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

Read the article here


Journal of Public Economics, 207, 151, 74-83
Do Dividend Taxes Affect Corporate Investment?
Martin Jacob with Annette Alstadsaeter and Roni Michaely

Read the article here


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

Read the article here


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

Read the article here


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

 

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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.

WHU professor becomes first European editor for tax at The Accounting Review

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Eight WHU faculty members appear in the WirtschaftsWoche’s researchers ranking; Martin Jacob the young star in business administration

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Students have a coffee chat with Harm Ohlmeyer

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Daniel Mende gives lecture on the future of taxation

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

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

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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 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 
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Constance Kehne

Doctoral Student / Research Assistant

+49 (0)261 6509 351
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Robert Vossebürger

Doctoral Student / Research Assistant

+49 (0)261 6509 354
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Thorben Wulff

Doctoral Student / Research Assistant

+49 (0)261 6509 352 
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Kira Zerwer

Doctoral Student / Research Assistant


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Steffen Große

External Doctoral Student

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Professor Frank Hechtner

Diplom-Ökonom

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

 

Sven Westphälinger

Partner International Tax,
KPMG AG Wirtschaftsprüfungsgesellschaft