Fatores determinantes das book-tax differences

Fonseca, Kellma Bianca Cardoso; Costa, Patricia Souza

doi:10.11606/rco.v11i29.122331

Cited by 15 publications

(16 citation statements)

References 16 publications

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“…This result corroborates those of previous studies (Costa & Lopes, 2015;Koubaa & Anis, 2015;Fonseca & Costa, 2017). However, the coefficient signal of the variable SIZE became positive and nonsignificant after the adoption of these norms.…”

Section: Results Of the Estimations For Fixed Effectssupporting

confidence: 92%

“…According to Koubaa and Anis (2015) and Fonseca and Costa (2017), the most profitable companies can expand the deductions and tax credits more effectively to benefit from tax exemptions and to reduce the taxable income in an attempt to reduce the taxes to be paid, thus expanding BTD. Costa and Lopes (2015) also found a positive relationship between profitability (ROA) and BTD.…”

Section: Cost Of Equity Calculated By Equationmentioning

confidence: 99%

“…According to Costa and Lopes (2015) and Fonseca and Costa (2017), a negative relationship between the size of the company and BTD is expected, since large companies tend to comply more with tax regulations in order to avoid regulatory oversight, which would make for greater booktax conformity. On the other hand, large companies may seek to obtain a better quality of accounting information to attract more investors, using more criteria of reliable representation in the use of accounting choices and responsible subjectivism, inherent to the adoption of IFRS in corporate accounting (Barth, Landsman, & Lang, 2008).…”

Section: Cost Of Equity Calculated By Equationmentioning

confidence: 99%

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Book-Tax Differences and Capital Structure

Marques

Nakao

Costa

2017

RAM, Rev. Adm. Mackenzie

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Este artigo pode ser copiado, distribuído, exibido, transmitido ou adaptado desde que citados, de forma clara e explícita, o nome da revista, a edição, o ano e as páginas nas quais o artigo foi publicado originalmente, mas sem sugerir que a RAM endosse a reutilização do artigo. Esse termo de licenciamento deve ser explicitado para os casos de reutilização ou distribuição para terceiros. Não é permitido o uso para fins comerciais. BOOK-TAx DIFFERENCESAND CAPITAL STRUCTURE RaM, Rev. adm. Mackenzie, (Mackenzie Management Review), 18(6) • são paulo, sp • Nov./Dec. 2017 • IssN 1678-6971 (electronic version) • doi 10.1590/1678-69712017/administracao.v18n6p177-200 Submission: June 1, 2017. acceptance: aug. 9, 2017. Evaluation system: double-blind review. universidade presbiteriana Mackenzie (upM). silvio popadiuk (Editor-in-chief), paulo Ceretta (associate editor), p. 177-200. MaRIaNa TIToTo MaRQuEsUniversidade de São Paulo (USP), Monte Alegre -Ribeirão Preto -SP -Brazil.sIlVIo HIRosHI NaKao ABSTRACT purpose: Thus, the purpose of this study is to verify the relationship between BTD, indebtedness and the cost of capital of Brazilian public companies before and after the adoption of IFRS. originality/value: The relation between book-tax differences (BTD) and accounting information quality is not a consensus in the literature. This relation can be empirically observed by means of the structure and the cost of capital, due to the related information asymmetry. However, a way to observe this relation more clearly is by means of changes and various economic environments. Design/methodology/approach: The methodology involved panel data analysis from a sample of 1,079 observations for the period of 2005 to 2015. Findings:The results lead to the conclusion that a higher BTD, and thus, lower book-tax conformity, represents higher accounting information quality because lower indebtedness is related to lower informational asymmetry. The results suggest that creditors and investors have different demands for reported information quality and that the volume of capital from investors is more relevant than the level of risk perceived by them.

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Section: Results Of the Estimations For Fixed Effectssupporting

confidence: 92%

Section: Cost Of Equity Calculated By Equationmentioning

confidence: 99%

Section: Cost Of Equity Calculated By Equationmentioning

confidence: 99%

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Book-Tax Differences and Capital Structure

Marques

Nakao

Costa

2017

RAM, Rev. Adm. Mackenzie

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“…On the other hand, in code law countries where there is more conformity between accounting and tax systems, the form prevails over the essence. In these countries, it is possible to observe a stronger connection between accounting standards and tax regulations (Fonseca & Costa, 2017).…”

Section: Eoretical Framework Tax Aggressivenessmentioning

confidence: 99%

Tax Aggressiveness, Market and Idiosyncratic Risks in Brazil

Martinez

Martins²

2020

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This study aims to analyze the relationship between tax aggressiveness and the risks associated with the variation of returns in Brazilian companies’ stock. Particularly, the research regards the systematic and idiosyncratic risks. The sample was formed by companies that composed the IBOVESPA index in the period between 2011 to 2016. The measurements of tax aggressiveness were the effective tax rate and the temporary book-tax differences. The results showed a significant relationship between tax aggressiveness and risk, concluding that the higher the tax aggressiveness, the lower the beta, and the higher the idiosyncratic risk. This study is essential because it maps the effect of tax aggressiveness on the financial risks related to Brazilian companies’ shares, as well as being useful to investors, portfolio, and business managers.

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“…However, the authors could not reach a conclusion because the models were not significant. Finally, Fonseca and Costa (2017) have examined the institutional and non-institutional determinants of BTD and found that discretionary accruals were not significant to explain BTD.…”

Section: Book-tax Differences Earnings Management and Tax Avoidancementioning

confidence: 99%

Book-tax Differences as an Indicator of Earnings Management and Tax Avoidance: An Analysis in the G-20 Countries

Cappellesso¹,

Rodrigues²

2019

CGG

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The aim of this study was to empirically examine whether book-tax differences (BTD) is an indicator of earnings management and tax avoidance in G-20 countries. Method: This research analyzed 22 countries between 2006 and 2016 and applied Tang's (2014) model, which aims to evaluate the association between BTD, earnings management (EM), tax avoidance (TA) and its interaction term (EMxTA). This model was applied in each country individually and for the G-20 as one using panel data adjusted by fixed effects. Originality/Relevance: BTD is considered a proxy capable of indicating EM and TA since the difference between book income and taxable income may arise due to these manipulations. Nevertheless, few studies evaluated this association empirically, especially in several countries simultaneously. Therefore, this research contributes to the theme by presenting empirical evidence on this relationship in an international context. Results: It was observed a positive and significant association between BTD and TA in all countries, either individually or in the G-20. However, EM was significant and positive only in some countries individually, but not jointly in the G-20. Finally, most countries and the G-20 had a positive association between BTD and the interaction term (EMxTA). Theoretical/Methodological contributions: Evidence implies that BTD can be often considered a proxy for detecting TA and EM. This contributes to the accounting literature as it presents empirical evidence corroborating the theory. Besides, this study is relevant to a scarcely studied area which is the way TA and EM are performed, i. e., whether there is a trade-off between these manipulations or if they are performed simultaneously.

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Fatores determinantes das book-tax differences

Cited by 15 publications

References 16 publications

Book-Tax Differences and Capital Structure

Book-Tax Differences and Capital Structure

Tax Aggressiveness, Market and Idiosyncratic Risks in Brazil

Book-tax Differences as an Indicator of Earnings Management and Tax Avoidance: An Analysis in the G-20 Countries

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