Taxes and Business Strategy : A Planning Approach (3rd Edition)

FROM THE PUBLISHER

Nobel Prize winning author Myron S. Scholes and Mark A. Wolfson are joined in this second edition by three new co-authors: Merle Erickson, Edward L. Maydew, and Terry Shevlin. All five authors have actively taught the tax and business strategy material, and the text draws generously from their classroom and business experiences.

Appropriate for people interested in investment banking, corporate finance, strategy consulting, money management, or venture capital, Taxes and Business Strategy, Second Edition provides topical coverage including mergers and acquisitions, international expansion, investment strategies, tax arbitrage, employee stock options, and estate planning.

The revision features a stronger MBA perspective. This is achieved by integrating the tax law with fundamentals of corporate finance and microeconomics.

ACCREDITATION

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 atthe 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.