Katharine Drake

Associate Professor of Accounting

Eller Fellow

Katharine Drake

McClelland Hall 301R
1130 E. Helen St.  
P.O. Box 210108 
Tucson, Arizona 85721-0108

Areas of Expertise

  • Relationship between GAAP and taxable income
  • Firm life cycle
  • Network connections
  • Executive compensation and tax


PhD, Arizona State University, 2012

Additional Links

Katharine Drake joined the Eller College of Management in 2012 after earning her PhD from Arizona State University, bringing with her 15 years of professional experience as a senior manager in public accounting and corporate controller. She studies the relationship between GAAP and taxable income, firm life cycle, network connections and executive compensation and tax.


  • ACCT 696C Tax Research PhD Seminar
  • ACCT 553 Tax Research
  • ACCT 420/520 Principles of Federal Taxation


  • “Investigating Discretion in Executive Compensation: Extracting Private Information from Firms' Valuation Allowance Decisions" Review of Accounting Studies (with E. Engel and M. Martin)
  • "Foreign Employment and Income Shifting" The Accounting Review (with N. Goldman and F. Murphy)
  • "Are declining effective tax rates indicative of tax avoidance? Insight from effective tax rate reconciliations" Journal of Accounting and Economics (with R. Hamilton and S. Lusch)
  • “Implementing Relative Performance Evaluation: The Role of Life cycle Peers” Journal of Management Accounting Research (with M. Martin)
  • "Does Tax Risk Affect Investor Valuation of Tax Avoidance?" Journal of Accounting, Auditing and Finance (with S. Lusch and J. Stekelberg)
  •  "Do Income Tax related Deficiencies in Publicly Disclosed PCAOB Part II Reports Influence Audit Client Financial Reporting of Income Tax Accounts?" The Accounting Review (with N. Goldman and S. Lusch)
  • ”Compensation in the Post FIN-48 Period: The Case of Contracting on Tax Performance and Uncertainty,” Contemporary Accounting Research (with J. Brown and M. Martin)
  • “The Benefits of a Relational Approach to Corporate Political Activity: Evidence from Contributions to Tax Policymakers,” The Journal of the American Taxation Association (with J. Brown and L. Wellman)
  • “Network Ties Among Low-Tax Firms,” The Accounting Review (with J. Brown)

Working Papers

  • "The use of earnings in contracting: dynamic response or status quo?" (with M. Martin)
  • "Do companies manage earnings less after a critical audit matter disclosure? Evidence from tax accounts" (with N. Goldman, S. Lusch, and J. Schmidt)
  • “Does Firm Life Cycle Inform the Relation Between Book-Tax Differences and Earnings Persistence?” (dissertation)

Professional Associations

  • American Accounting Association
  • American Institute of Certified Public Accountants
  • Licensed CPA in Colorado 

Awards and Honors

  • School of Accountancy Undergraduate Programs Most Valuable Faculty Award, 2021
  • Eller Fellowship, 2019-2022
  • School of Accountancy Graduate Programs Most Valuable Faculty Award, 2019
  • Arizona Society of CPA's Excellence in Teaching Award, 2019
  • JATA Outstanding Paper Award, 2015
  • ATA/PwC Dissertation Award, 2013
  • AAA/Grant Thornton Dissertation Award, 2012
  • Hal J. Reneau Memorial Scholarship, 2010
  • University Graduate Fellowship, Arizona State University, 2010 and 2011