Petro Lisowsky

Petro (Pete) Lisowsky is an Associate Professor of Accounting at the Questrom School of Business at Boston University and an external research affiliate with the Norwegian Center for Taxation at the Norwegian School of Economics. He was formerly an Associate Professor of Accounting at the University of Illinois at Urbana-Champaign and a Visiting Associate Professor at the MIT Sloan School of Management.

Lisowsky has research interests in U.S. and international corporate tax policy; tax reporting, disclosure, and organizational form; and financial reporting choices of private companies. His research has been published in several leading accounting journals. Lisowsky has taught various tax and financial accounting courses at the undergraduate, graduate, and doctoral student levels. He was an academic consultant to the Internal Revenue Service during 2005 – 2021, and worked at the U.S. Treasury Department Office of Tax Analysis, U.S. Defense Department, and Deloitte Tax LLP. He is currently President of the American Taxation Association.

Lisowsky holds a BBA and Master of Accounting degrees, both from the University of Michigan, and a PhD from Boston University. He is a licensed CPA.

Education

• PhD, Boston University Questrom School of Business, 2008
• MAcc, University of Michigan, 2002
• BBA, University of Michigan, 2001

Research Interests

• Domestic and International Corporate Tax Compliance and Policy
• Financial Reporting of Corporate Tax Uncertainty
• Financial Reporting and Audit Choices of Private Companies

Teaching Interests

• Taxation and Tax Policy (corporate and individual)
• Financial Accounting and Reporting

Academic Positions

BOSTON UNIVERSITY Boston, MA QUESTROM SCHOOL OF BUSINESS

• Associate Professor of Accounting (with tenure) 2018-present
• Dean’s Research Scholar (renewed 2020, 2022) 2018-present

NORWEGIAN SCHOOL OF ECONOMICS Bergen, Norway

• Norwegian Center for Taxation, External Affiliate 2014-present

MASSACHUSETTS INSTITUTE OF TECHNOLOGY Cambridge, MA
SLOAN SCHOOL OF MANAGEMENT

• Visiting Associate Professor of Accounting 2023
• Visiting Associate Professor of Accounting 2015-2016

UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN Champaign, IL
GIES COLLEGE OF BUSINESS

• Associate Professor of Accountancy (with tenure) 2015-2018
  • Professor Ken Perry Faculty Fellow 2016-2018
  • PricewaterhouseCoopers Faculty Fellow (renewed 2013, 2016) 2010-2018
• Assistant Professor of Accountancy 2008-2015

Selected Publications

• Donohoe, M., Jang, H., Lisowsky, P. (2022). "Competitive Externalities of Tax Cuts", Journal of Accounting Research, 60 (1), 201-259
• Demeré, P., Donohoe, M., Lisowsky, P. (2020). "The economic effects of special purpose entities on corporate tax avoidance", Contemporary Accounting Research
• Lisowsky, P., Minnis, M. (2020). "The Silent Majority: Private U.S. Firms and Financial Reporting Choices", Journal of Accounting Research, 58 (3), 547-588
• Lisowsky, P., Donohoe, M., Mayberry, M. (2019). "The Effects of Competition from S Corporations on the Organizational Form Choice of Rival C Corporations"", Contemporary Accounting Research 1784-1823
• Hopland, A., Lisowsky, P., Mardan, M., Schindler, D. (2018). "Flexibility in Income Shifting under Losses", The Accounting Review, 93 (3), 163-183
• Lisowsky, P., Minnis, M., Sutherland, A. (2017). "Economic Growth and Financial Statement Verification", Journal of Accounting Research, 55 (4), 745-794
• Klassen, K., Lisowsky, P., Mescall, D. (2017). "Transfer Pricing: Strategies, Practices, and Tax Minimization", Contemporary Accounting Research, 34 (1), 455-493
• Klassen, K., Lisowsky, P., Mescall, D. (2016). "The Role of Auditors, Non-Auditors, and Internal Tax Departments in Corporate Tax Aggressiveness", The Accounting Review, 91 (1), 179-205
• Donohoe, M., Lisowsky, P., Mayberry, M. (2015). "WHO BENEFITS FROM THE TAX ADVANTAGES OF ORGANIZATIONAL FORM CHOICE?", National Tax Journal, 68 (4), 975-997
• Beck, P., Lisowsky, P. (2014). "Tax Uncertainty and Voluntary Real-Time Tax Audits", The Accounting Review, 89 (3), 867-901
• Lennox, C., Lisowsky, P., Pittman, J. (2013). "Tax Aggressiveness and Accounting Fraud", Journal of Accounting Research, 51 (4), 739-778
• Lisowsky, P., Robinson, L., Schmidt, A. (2013). "Do Publicly Disclosed Tax Reserves Tell Us About Privately Disclosed Tax Shelter Activity?", Journal of Accounting Research, 51 (3), 583-629
• Lisowsky, P. (2010). "Seeking Shelter: Empirically Modeling Tax Shelters Using Financial Statement Information", The Accounting Review, 85 (5), 1693-1720
• Lisowsky, P. (2009). "Inferring U.S. Tax Liability from Financial Statement Information", Journal of the American Taxation Association, 31 (1), 29-63
• Lisowsky, P., Boynton, C., William, T. (2008). "E-File, Enterprise Structures, and Tax Compliance Risk Assessment", Tax Notes 1069-1078
• Lisowsky, P., Trautman, W. (2007). "Book-Tax Consolidation, Rates of Return, and Capital Structure", Tax Notes 1043-1071
• Lisowsky, P., Boynton, C., Mills, L. (2004). "Consolidation Anomalies in Form 1120 Corporate Tax Return Data", Tax Notes 405-417

Selected Research Presentations

• Lisowsky, P. Does the Story Matter? Putting Financial Statement Numbers into Context Using XBRL Data, University of Texas at Austin, 2022
• Lisowsky, P. Book Minimum Tax, Sidley Austin LLP, 2022
• Lisowsky, P. Does the Story Matter? Putting Financial Statement Numbers into Context Using XBRL Data, Vienna University of Economics and Business, 2022
• Casi, E. , Lisowsky, P. Does the Story Matter? Putting Financial Statement Numbers into Context Using XBRL Data, Annual Congress of the European Accounting Association, 2022
• Lisowsky, P. Taxes and Investment: Evidence from the "Halloween Massacre" of 2006, American Taxation Association (ATA) Midyear Meeting, 2022
• Burd, C. , Lisowsky, P. Does the Story Matter? Putting Financial Statement Numbers into Context Using XBRL Data, Financial Accounting and Reporting Section (FARS) Midyear Meeting, 2022
• Lisowsky, P. Does the Story Matter? Putting Financial Statement Numbers into Context Using XBRL Data, National Tax Association Annual Meeting, 2021
• Lisowsky, P. Does the Story Matter? Putting Financial Statement Numbers into Context Using XBRL Data, Indiana University, 2021
• Lisowsky, P. Does the Story Matter? Putting Financial Statement Numbers into Context Using XBRL Data, University of Illinois / Deloitte Tax Doctoral Consortium, 2021
• Lisowsky, P. Does the Story Matter? Putting Financial Statement Numbers into Context Using XBRL Data, University of Georgia, 2021
• Lisowsky, P. Discussion of: “Taxes Depress Corporate Borrowing: Evidence from Private Firms”, University of North Carolina Tax Symposium, 2021
• Lisowsky, P. , Minnis, M. The Silent Majority: Private U.S. Firms and Financial Reporting Choices, Internal Revenue Service - Research, Applied Analytics and Statistics (RAAS) and Large Business & International (LB&I) Divisions, 2021

Awards And Honors

• 2021, Edmund Outslay Best Paper Award, University of Illinois / Deloitte Tax Doctoral Consortium
• 2019, American Taxation Association Marty Escoffier Hospitality Award, American Taxation Association
• 2017, List of Teachers Ranked as Excellent - Top 10%, University of Illinois at Urbana Champaign
• 2017, Raymond A. Hoffman Faculty Excellence Award, University of Illinois at Urbana Champaign
• 2016, Professor Ken Perry Faculty Fellow, University of Illinois at Urbana Champaign
• 2016, 2016 American Taxation Association Outstanding Manuscript Award, American Taxation Association
• 2015, List of Teachers Ranked as Excellent, University of Illinois at Urbana Champaign
• 2015, University of Illinois at Urbana-Champaign College of Business Alumni Award for Excellence in Undergraduate Teaching, University of Illinois at Urbana Champaign
• 2015, Financial Accounting and Reporting Section Midyear Meeting Best Paper Award Finalist, American Accounting Association
• 2014, List of Teachers Ranked as Excellent, University of Illinois at Urbana Champaign
• 2013, List of Teachers Ranked as Excellent, University of Illinois at Urbana Champaign
• 2013, Raymond A. Hoffman Faculty Excellence Award, University of Illinois at Urbana Champaign
• 2012, Head's Award for Excellence in Accountancy Education, University of Illinois at Urbana Champaign
• 2012, List of Teachers Ranked as Excellent, University of Illinois at Urbana Champaign
• 2011, List of Teachers Ranked as Excellent, University of Illinois at Urbana Champaign
• 2010, PricewaterhouseCoopers Faculty Fellow, University of Illinois at Urbana Champaign
• 2010, List of Teachers Ranked as Excellent, University of Illinois at Urbana Champaign
• 2009, American Taxation Association / PricewaterhouseCoopers Outstanding Dissertation Award, American Taxation Association
• 2008, Journal of the American Taxation Association Outstanding Paper Award, American Taxation Association
• 2008, Outstanding Student Research Award, Boston University
• 2007, Outstanding Student Teaching Award, Boston University
• 2006, American Taxation Association-Deloitte-Michael J. Cook Doctoral Consortium Fellow, American Accounting Association
• 2003, Doctoral Fellowship, Boston University
• 2003, Special Act Award, United States Department of Defense
• 2001, Michael and Joan Sakkinen Accounting Scholarship, University of Michigan Stephen M. Ross School of Business
• 1998, Senkowsky Prize for Achievement, Harvard University
• 1997, University of Michigan Regents Merit Scholarship, University of Michigan–Ann Arbor