Taxes and Business Strategy : A Planning Approach

For MBA students and graduates embarking on careers in investment banking, corporate finance, strategy consulting, money management, or venture capital

Through integration with traditional MBA topics, Taxes and Business Strategy,Fifth Edition provides a framework for understanding how taxes affect decision-making, asset prices, equilibrium returns, and the financial and operational structure of firms.

Teaching and Learning Experience

This program presents a better teaching and learning experience–for you :

• Use a text from an active author team: All 5 authors actively teach the tax and business strategy course and provide you with relevant examples from both classroom and real-world consulting experience.
• Learn the practical uses for business strategy: Learn important concepts that can be applied to your life.
• Reinforce learning by using in-depth analysis: Analysis and explanatory material help you understand, think about, and retain information.

Mr. Wolfson has been a member of the faculty at the Stanford Graduate School of Business since 1977, where he has held various academic positions, including Dean Witter Professor of Accounting and Finance and associate dean for academic affairs. He has also taught at the Harvard Business School and the University of Chicago, has been a Visiting Scholar at the Sloan School of Management at the Massachusetts Institute of Technology and the Hoover Institution at Stanford University, and has been a research associate at The National Bureau of Economic Research since 1988.

Merle Erickson is an associate professor of accounting at the Graduate School of Business at the University of Chicago where he teaches an MBA-level tax strategy course. He received his Ph.D. from the University of Arizona in 1996. Erickson's research focuses primarily on the role of taxes in the structuring and pricing of mergers, acquisitions, and divestitures, and has been published in The Accounting Review, Journal ofAccounting Research, Journal ofAccounting and Economics, Journal of theAmerican Taxation Association, and the National Tax Journal. Professor Erickson has received awards for his teaching and research, has performed valuation and forensic accounting services in a variety of legal disputes, and teaches executive education courses that focus on the taxation of mergers, acquisitions, and divestitures. He is currently on the editorial board of The Accounting Review and the Journal of the American Taxation Association.

Edward L. Maydew is an associate professor of accounting at the Kenan-Flagler Business School at the University of North Carolina. Professor Maydew formerly served on the faculty of the University of Chicago Graduate School of Business and earned his Ph.D. from the University of Iowa. His research and teaching interests include both corporate tax strategy and financial accounting. He has published in The Accounting Review, Journal ofAccounting Research, Journal ofAccounting and Economics, Journal of theAmerican Taxation Association, andTournal of Public Economics. Professor Maydew has received awards for both teaching and research excellence, has assisted firms with tax issues, and has testified regarding the economic effects of tax legislation. He currently serves as an associate editor at the Journal ofAccounting and Economics and on the editorial board of the Journal of the American Taxation Association.

Terry Shevlin is Deloitte & Touche Professor of Accounting at the University of Washington. He received his Ph.D. from Stanford University in 1986. He teaches financial accounting at the undergraduate level, taxes and business strategy at the graduate level, and a seminar in empirical tax research at the doctoral level. He has presented talks on research in taxation at the American Accounting Association Doctoral Consortium on three separate occasions and given presentations at both the Big 10 and PAC 10 doctoral consortiums.

Professor Shevlin's research has been published in The Accounting Review, Journal of Accounting Research, Journal of Accounting and Economics, Contemporary Accounting Research, Journal of the American Taxation Association, Journal of Accounting, Auditing and Finance, and Accounting Horizons. In addition to his interest in taxation, his research interests include earnings management, capital markets, and employee stock options. He served as editor of the Journal of the American Taxation Association from 1996 to 1999 and currently serves on a number of journal editorial boards including the Journal of Accounting and Economics.