Influence of tax aggressivity on the forecast of financial analysts
Marcus Vinícius Freire Uchôa Araujo,
Neyla Tardin,
Rafael Moreira Antônio
Abstract:Purpose: This paper aims to verify whether the management of taxable income through aggressive tax practices negatively impacts the accuracy of market analysts’ forecasts. Originality/value: The central contribution of this study is to relate tax aggressiveness with more significant errors in analysts’ forecasts. Thus, the relevance of this paper is in showing that this practice can lead to a greater perception of companies’ risks and more significant informational asymmetry, in addition to influencing stock … Show more
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