
Rodrigo Verdi
· Deputy Dean for Degree Programs, Teaching and Learning, Nanyang Technological University Professor of AccountingMassachusetts Institute of Technology · Accounting
Active 2003–2016
About
Rodrigo Verdi is the Deputy Dean for Degree Programs, Teaching and Learning and the Nanyang Technological University Professor of Accounting at the MIT Sloan School of Management. He joined MIT Sloan in 2006 after receiving a PhD from the University of Pennsylvania and received tenure at MIT in 2013. He has taught financial accounting to undergraduate, MBA, EMBA, and PhD students over the last 15 years. Verdi has received numerous teaching awards at MIT and Sloan, including the Jamieson Prize for Excellence in Teaching (2021), the MIT Teaching with Digital Technology Award (2020), and multiple Best Teacher and Outstanding Teacher Awards. Outside MIT, he has served as a senior editor at the Journal of Accounting Research, an editor at The Accounting Review, and an associate editor at Management Science. His research has been published in premier accounting and finance journals and has received recognition such as the American Accounting Association's Distinguished Contributions and Best Paper Award.
Research topics
- Business
- Economics
- Monetary economics
- Accounting
- Financial economics
Selected publications
CEO Tax Effects on Acquisition Structure and Value
The Accounting Review · 2020 · 39 citations
- Monetary economics
- Business
- Economics
ABSTRACT We hypothesize that prior evidence of target shareholder capital gains tax liabilities affecting acquisition features is driven by the tax liabilities of the target firm CEO. To test this, we estimate CEOs' capital gains tax liabilities for a large sample of acquisitions and examine the effects of such liabilities on acquisition outcomes. Results indicate that the previously documented positive relations between shareholder-level capital gains tax rates and (1) the likelihood of a nontaxable acquisition (Ayers, Lefanowicz, and Robinson 2004), and (2) acquisition premiums (Ayers, Lefanowicz, and Robinson 2003) are largely driven by CEO tax effects. We also find evidence consistent with (1) CEOs' tax incentives leading to potential agency conflicts under certain conditions, and (2) acquisition structure or premium being adjusted in response to CEOs' taxes depending on the alternatives available to the acquirer. Our study contributes to our understanding of what and whose taxes affect acquisition structure and value. JEL Classifications: G34:, H24; H32: J33; M52.
Frequent coauthors
- 4 shared
Holger Daske
University of Mannheim
- 4 shared
Luzi Hail
European Corporate Governance Institute
- 4 shared
Christian Leuz
- 3 shared
Jairo Laser Procianoy
- 3 shared
Jeffrey Ng
- 2 shared
John E. Core
Massachusetts Institute of Technology
- 2 shared
İrem Tuna
London Business School
- 1 shared
Gwen Yu
University of Michigan–Ann Arbor
Awards & honors
- 2022 Outstanding Teacher Award
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