Implicações da adoção das IFRS sobre a conformidade financeira e fiscal das companhias abertas brasileiras

Abstract

A vida abençoou-me com inúmeros mestres e influências orientadoras e, cada um à sua maneira, contribuiu para eu escrever esta tese. Entre eles, estão os meus pais, Joaquim e Maria, que me alimentaram com seu amor, confiança e sacrifício, e os meus irmãos, laços eternos de amizade e de carinho. Sou muito grata a todos os membros da minha família, meu porto seguro, em especial, aos meus sobrinhos e afilhados, que acalentam o meu espírito com alegria, entusiasmo e vida em abundância. Gostaria de expressar minha profunda gratidão ao Prof. Dr. Alexsandro Broedel Lopes por sua orientação segura e inestimável e por me guiar nos caminhos ardilosos, criativos e fascinantes da pesquisa. Agradeço, também, aos Professores do Programa de Pós-Graduação em Ciências Contábeis da FEA-USP pelos preciosos ensinamentos transmitidos durante o curso e aos colegas das turmas do mestrado e doutorado que me presentearam com a alegria animadora e a troca de experiência. Em especial, agradeço à Kelly Teixeira R. Farias, ao Manoel Raimundo S. Farias e à Nálbia de Araújo Santos pelo encorajamento e amizade sincera e à Diana Lucia de Almeida, Paulo César da S. S. de Souza e Pedro Henrique de Barros, irmãos de coração, por me aceitarem sem reservas. A USP fornece o suporte e o ambiente propícios para a realização de pesquisas. Meus sinceros agradecimentos aos servidores e funcionários da FEA-USP, do Coseas e da Jardinagem da linda USP. Agradeço, também, às amigas do alojamento eventual da USP, principalmente, à Kátia, pela companhia e amizade sincera.

The Relevance of the Informational Content of Book-Tax Differences for Predicting Future Income: Evidence from Latin American Countries

“…Five types of differences were used, which are: total (BTD), temporary (TEBDT), and permanent (PBTD), tested by Costa (2012), and positive and negative variations (ΔBTD), tested by Ayers et al (2010), and described below in Equations 1, 2, 3, and 4, respectively, with the intention of analyzing which of them may be relevant in forecasting future company results in Latin American countries.…”

“…Due to publicly traded companies' non disclosure of taxable income (TI) values (Hanlon, 2003;Costa, 2012), a proxy resulting from calculating the relationship between total income tax expenses (ITC) and the maximum income tax rate in the country (R) was employed, as used by Hanlon (2005). For the five countries that are the subject of this study, information on TI was searched for in the financial statements published by the publicly traded companies; however, these companies did not report TI values.…”

“…This measure for taxable income has been used in some previous studies, such as in Hanlon (2005), Ayers et al (2010), andCosta (2012).…”

“…This model aims to investigate the effects of differences between accounting income and taxable income on the informational relevance of the accounting numbers reported, measured by future results. This model was developed from the methodology shown by Tang (2006), with the inclusion of control variables suggested in previous literature (Yoon, 2008;Costa, 2012). In which: EPS it+1 = value of net profit per share for company i in year t+1, scaled by the share price on April 30 th , after the end of financial year t-1; EPS it = value of net profit per share for company i in year t, scaled by the share price on April 30 th , after the end of financial year t-1; ε t+1 = error term.…”

“…In some studies (Hanlon, 2005;Ayers, Laplante, & Mcguire, 2010;Costa, 2012), the relevance of total, temporary, permanent, positive and negative BTDs to economic agents was investigated separately; however, no studies have been found -until now -that conciliate all these types of BTDs into a single study, and particularly, with relation to the context of these five Latin American countries. Given that they are countries with their own peculiarities, they may exhibit different behaviors to those obtained in previous studies regarding the usefulness of different types of BTDs.…”