Key points are not available for this paper at this time.
Myron S. Scholes, G. Peter Wilson, Mark A. Wolfson, Firms' Responses to Anticipated Reductions in Tax Rates: The Tax Reform Act of 1986, Journal of Accounting Research, Vol. 30, Studies on Accounting and Taxation (1992), pp. 161-185
Scholes et al. (Wed,) studied this question.