Determinantes das Book-Tax Differences em Empresas Brasileiras: uma Análise a Partir do Tamanho da Empresa

Marschner, Paulo Fernando; Dutra, Vanessa Rabelo; Schwaab, Kalu Soraia; Ceretta, Paulo Sergio

doi:10.21714/1984-3925_2019v22n1a1

Cited by 3 publications

(3 citation statements)

References 42 publications

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“…Para o tratamento de outliers realizou-se a winsorização de todas as variáveis contínuas nos níveis de 1% e 99%, assim como realizado nas pesquisas de Ayers et al (2010), Tang e Firth (2012), Ryu e Chae (2014), Xian et al (2015), e Marschner et al (2019). Após análises descritivas, procedeu com a estimação da variável dependente, a BTDA, conforme Equação 1, que foi rodada para cada ano da amostra individualmente.…”

Section: Materials Suplementarunclassified

Corrupção dos países e book-tax differences anormal: uma análise multinível

2022

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Esta pesquisa se propôs a investigar se a corrupção percebida, característica do ambiente institucional dos países, apresenta relação com a book-tax differences anomal (BTDA) das companhias abertas. A amostra contempla 170.543 observações, pertencentes a 99 países no período de 2012 a 2018, que foram analisadas por meio de modelagem multinível. A hipótese de pesquisa, que aborda a associação positiva entre a BTDA e a corrupção percebida dos países, não foi rejeitada para a amostra total e para o grupo de países adotantes das International Financial Reporting Standards (IFRS). Isso sugere que para o grupo de adotantes das IFRS, a maior flexibilidade resultante da internacionalização das normas é utilizada oportunisticamente pelos gestores, que possivelmente são influenciados pela baixa qualidade do ambiente institucional em termos de corrupção. Os achados corroboram a premissa de que a baixa qualidade dos lucros das companhias está associada a maior corrupção percebida dos países. A pesquisa contribui com a literatura por trazer novas perspectivas sobre como o ambiente de negócios é afetado pelas características dos países, considerando a utilização da modelagem multinível, técnica mais acurada para amostras com estruturas agrupadas.

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Section: Materials Suplementarunclassified

Corrupção dos países e book-tax differences anormal: uma análise multinível

2022

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“…A Contabilidade é baseada em princípios e não em regras, há uma maior diferença entre os lucros contábeis e os tributários, logo, maiores BTD. Já em países Code Law, no caso do Brasil, por exemplo, onde a forma jurídica é prevalecida, assim como as regras, há uma maior conformidade entre as Contabilidades Financeira e a Tributária, com menores BTD (Marschner et al, 2019;Kvaal & Nobes, 2013).…”

Section: Book-tax Differences (Btd)unclassified

“…Constatou-se que com estas empresas, nas práticas de auditoria, há menor tendência de gerenciamento de resultados das BTD. Abdul Wahab et al (2018) verificaram achado semelhante, bem como Marschner et al (2019). Conforme o esperado, houve a significância da variável SEXO com um coeficiente positivo de 0,005897.…”

Section: Btd Anormais Governança Corporativa E Tmtunclassified

Governança Corporativa, TMT E Book-Tax Differences (Btd) Anormais Em Empresas De Capital Aberto Listadas No Brasil

Sant'anna

Júnior

2019

ASAA Journal

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The contribution of this paper was to show that corporate governance practices are attenuating abnormal BTD, and TMT's heterogeneous characteristics have significant relationships with these types of BTD in Brazilian public companies. To this end, we considered the assumptions of practices of informational asymmetry and behavioral, psychological and social aspects of the members of top management. These associations are justified by the high-level idiosyncrasies of firms in the country, as well as tax reforms, accounting changes, a bureaucratic business environment, Code Law structure, and the magnitudes of abnormal BTD. Abnormal BTD are considered to be limiting for earnings quality and transparency, but TMT's corporate governance and heterogeneities can be mechanisms to encourage control and monitoring of corporate operations. Based on this, the objective of this study was to evaluate the relationships between abnormal BTD, corporate governance practices, audit and board size, and the characteristics of TMT, gender, age, CEO duality, and academic background in open public companies in Brazil. In methodological aspects, we used a sample of 364 companies listed in B3, from 2010 to 2017. For the data, the panel data technique was applied, where the governance, TMT and control variables were regressed according to of abnormal BTD. In the results, it was indicated that the agency costs resulting from the Big4 audit are effective for abnormal BTD, inhibiting them as consequences of manipulating the results. In addition, it was evidenced that personal characteristics, such as gender and vocational training, have relationships with abnormal BTD. It was noted that there is a cycle between BTD that are due to high-level preferences (TMT) with corporate governance, which is a future consequence of these acts of information asymmetry and more aggressive tax practices in firms.

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Do Links to Tax Havens Affect Companies’ Financial Performance? The Case of Slovakia

Elexa¹,

Ištok²,

Šlampiaková³

2022

E+M

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This paper aims to quantify the impact of direct equity ownership links between Slovak companies and tax havens. We distinguish between three types of tax haven: onshore, midshore and offshore. The financial impacts are measured by indicators of profitability (ROA); activity (total asset turnover); liquidity (current ratio); and bankruptcy (IN05). To measure the impacts, we link the Bisnode and Finstat databases. The first database lists those Slovak companies that had links with tax havens during 2005–2015. The second provides financial statements for all Slovak companies. It was found that: 1) There are statistically significant differences in all investigated indicators between Slovak companies with and without links to tax havens. Those with links to tax havens generally reported worse economic situations and levels of performance compared to those without such links. We conclude that having a parent company resident in a tax haven had a negative effect on financial performance. 2) There are statistically significant differences between the selected indicators of company performance, across the different categories of tax haven, and for companies with no links to tax havens. 3) Those with no such links show statistically significant correlations between all their examined performance indicators. But for those companies with links to tax havens, the only statistically significant correlation was between profitability and the remaining indicators. 4) Companies with ownership links to tax havens are clearly engaged in profit-shifting activities. The results suggest opportunities for follow-up projects, especially focusing on different industries and company size that could specify their heterogeneous approaches and variability in objectives.

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Determinantes das Book-Tax Differences em Empresas Brasileiras: uma Análise a Partir do Tamanho da Empresa

Cited by 3 publications

References 42 publications

Corrupção dos países e book-tax differences anormal: uma análise multinível

Corrupção dos países e book-tax differences anormal: uma análise multinível

Governança Corporativa, TMT E Book-Tax Differences (Btd) Anormais Em Empresas De Capital Aberto Listadas No Brasil

Do Links to Tax Havens Affect Companies’ Financial Performance? The Case of Slovakia

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