Firms' Off‐Balance Sheet and Hybrid Debt Financing: Evidence from Their Book‐Tax Reporting Differences

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Taxes and Financial Constraints: Evidence from Linguistic Cues (2015, unknown): “We exclude firms in the regulated industries of utilities (SIC codes 4900-4999) and financial institutions (SIC codes 6000-6999), following prior research (e.g., Mills and Newberry (2005), Hanlon (2005)).”
Do Rating Agencies Cater? Evidence from Rating-Based Contracts (2015, unknown): “Prior research on off-balance-sheet-finance found that credit-constrained firms are more likely to raise off-balance-sheet debt (Mills and Newberry (2005), Beatty et al. (1995)).”
Do Business Characteristics Determine an Effective Tax Rate? (2012, background): “Along these lines, Mills and Newberry (2005) state that high-leverage firms may use more off-balance-sheet financing, leading to lower ETRs.”
Using tax return data to simulate corporate marginal tax rates (2008, unknown): “Mills and Newberry (2005) previously identified material differences in interest expense on the financial statements versus interest deductions on the U.S. tax return.”
Seeking Shelter: Empirically Modeling Tax Shelters Using Financial Statement Information (2010, unknown): “Tax Shelter Characteristics Wilson (2009) finds that tax shelters are positively related to total book-tax differences, performance matched discretionary accruals (see Kothari et al.”