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One of the Most Cited Articles by International Researchers

Professor Martin Jacob recognized with “Top Cited Article 2020 – 2021” honor

Corporate Tax Enforement Externalities and the Banking Sector,” an article co-authored by Professor Martin Jacob, holder of the adidas Chair of Finance, Accounting, and Taxation at WHU – Otto Beisheim School of Management, has been recognized for its relevance to the international research community. The piece, first published in September 2020, has recently been named a “Top Cited Article 2020 – 2021” after having become one of the three most referenced works in the Journal of Accounting Research (JAR) for that period.

Ever since 1963, the JAR has been issued by scientific publishing house Wiley-Blackwell on behalf of the University of Chicago and now ranks as one of the world’s three most renowned journals for business and finance. The JAR is also one of the 50 periodicals used by the Financial Times to compile its Business School Research Rankings. This fact alone makes such recognition noteworthy for both Prof. Jacob and his co-author Prof. John Gallemore, currently active at the University of Chicago Booth School of Business. Speaking of the honor, Prof. Jacob said, “I am very pleased that the article we wrote made it onto the list of most cited articles in the prestigious Journal of Accounting Research. This acknowledgment shows that our work is relevant to both the research and the practice.”

The article focuses on how regularly conducted corporate audits can affect a region’s economic growth. The researchers were able to prove that the tax audits performed at small- and mid-sized companies by financial officials are not merely a way of preventing tax evasion. Comprehensive audits can also stimulate economic growth, as they provide banks a stronger foundation for assessing a company’s creditworthiness. This, in turn, makes the banks more willing to grant loans.

One can read more about the research results on WHU Knowledge.

Gallemore, J./Jacob, M. (2020): Corporate Tax Enforcement Externalities and the Banking Sector, in: Journal of Accounting Research, 58(5), 1117–1159. https://doi.org/10.1111/1475-679X.12334