EARNINGS MANAGEMENT AND THE RELATIONSHIP WITH THE TAXABLE PROFIT OF THE BRAZILIAN PUBLICLY-TRADED COMPANIES
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Data de Publicação: | 2012 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Revista Universo Contábil |
Texto Completo: | https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/2114 |
Resumo: | Due to the connection between financial accounting with disclosure purpose and income taxation, it is supposed that tax planning actions may interfere in the accounting information disclosed. Thus, the quest for taxation reduction may have represented earnings management in accounting information for disclosure. The goal of this study is to verify whether economic incentives related to taxation, measured by taxable income, affected the earnings management level in Brazilian publicly-traded companies. A quantitative analysis involving the profit tax variable and the earnings management measurement found out by the econometric model of Kang-Sivaramakrishnan (1995), with data from the period from 1999 to 2007. In addition, other variables were used to control and delimit possible specification errors. The results indicate that there is evidence of a negative relationship between taxable income and earnings management. It is inferred that the managers’ search for tax savings was responsible for affecting the level of earnings management for accounting disclosure purposes, revealing the effect that the application of accounting practice to taxation standards had on the accounting information in that period. |
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EARNINGS MANAGEMENT AND THE RELATIONSHIP WITH THE TAXABLE PROFIT OF THE BRAZILIAN PUBLICLY-TRADED COMPANIESGESTIÓN DE RESULTADOS Y RELACIONES CON LA BASE IMPONIBLE DE LAS EMPRESAS BRASILEÑAS EN BOLSAGERENCIAMENTO DE RESULTADOS E A RELAÇÃO COM O LUCRO TRIBUTÁVEL DAS EMPRESAS BRASILEIRAS DE CAPITAL ABERTOEarnings management. Discretionary accruals. Taxable income. Tax neutrality.Gestión de resultados. Devengo discrecionales. Base imponible. Neutralidad fiscal.Gerenciamento de ResultadosAccruals DiscricionáriosLucro Tributável Due to the connection between financial accounting with disclosure purpose and income taxation, it is supposed that tax planning actions may interfere in the accounting information disclosed. Thus, the quest for taxation reduction may have represented earnings management in accounting information for disclosure. The goal of this study is to verify whether economic incentives related to taxation, measured by taxable income, affected the earnings management level in Brazilian publicly-traded companies. A quantitative analysis involving the profit tax variable and the earnings management measurement found out by the econometric model of Kang-Sivaramakrishnan (1995), with data from the period from 1999 to 2007. In addition, other variables were used to control and delimit possible specification errors. The results indicate that there is evidence of a negative relationship between taxable income and earnings management. It is inferred that the managers’ search for tax savings was responsible for affecting the level of earnings management for accounting disclosure purposes, revealing the effect that the application of accounting practice to taxation standards had on the accounting information in that period. Debido a la relación entre la contabilidad financiera y de impuestos sobre la renta, se supone que a la planificación de impuestos puede influir en la información contable. Por lo tanto, la búsqueda de una cantidad de menores ingresos tributables puede representar gestión de resultados en la contabilidad financiera para la presentación de informes. El objetivo es verificar si los incentivos fiscales económicos, medido por la renta imponible, afectan los niveles de ingresos de gestión en las empresas brasileñas que cotizan en bolsa. Hicimos un análisis con la base imponible y una medida para gestión de resultados, que fue detectado por el Kang-Sivaramakrishnan (1995), un modelo econométrico, con datos de 1999 a 2007. Además, se utilizaron otras variables para controlar y delimitar los posibles errores de especificación. Los resultados indican que hay evidencia de que existe una relación negativa entre la base imponible y la gestión de los ingresos. Entendemos que la búsqueda de la economía de impuestos por los gerentes fue el responsable de afectar el nivel de gestión de resultados de la contabilidad financiera, que revela el efecto que la relación de las prácticas contables a las normas fiscales hicieron en la información contable en este período. Em função da ligação entre a contabilidade financeira para fins de divulgação e a tributação do imposto de renda, é de se supor que ações de planejamento tributário possam interferir na informação contábil divulgada. Com isso, a busca pelo interesse econômico de reduzir o ônus tributário pode ter representado gerenciamento de resultados na informação contábil para divulgação. Este estudo tem como objetivo verificar se os incentivos econômicos vinculados à tributação, medidos pelo lucro tributável, afetaram o nível de gerenciamento de resultados nas empresas brasileiras de capital aberto. Efetuou-se uma análise quantitativa envolvendo a variável lucro tributável e a medida de gerenciamento de resultados encontrada pelo modelo econométrico de Kang-Sivaramakrishnan (1995), com dados do período entre 1999 a 2007. Além disso, foram utilizadas outras variáveis para controlar e delimitar possíveis erros de especificação. Os resultados encontrados indicam evidência de que existe uma relação negativa entre lucro tributável e gerenciamento de resultados. Depreende-se que a busca por economias tributárias pelos gestores foi responsável por afetar o nível de gerenciamento de resultados contábeis para fins de divulgação, mostrando o efeito que a vinculação da prática contábil às normas tributárias exerceu nesse período sobre a informação contábil. Universidade Regional de Blumenau2012-01-30info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/211410.4270/ruc.20128Revista Universo Contábil; v. 8 n. 1 (2012); 06-211809-33371809-3337reponame:Revista Universo Contábilinstname:Universidade Regional de Blumenau (FURB)instacron:FURBporhttps://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/2114/1851Copyright (c) 2014 Revista Universo Contábilinfo:eu-repo/semantics/openAccessRezende, Guilherme PintoNakao, Sílvio Hiroshi2012-03-16T16:07:09Zoai:ojs.bu.furb.br:article/2114Revistahttps://proxy.furb.br/ojs/index.php/universocontabil/PUBhttps://proxy.furb.br/ojs/index.php/universocontabil/oai||universocontabil@furb.br1809-33371809-3337opendoar:2012-03-16T16:07:09Revista Universo Contábil - Universidade Regional de Blumenau (FURB)false |
dc.title.none.fl_str_mv |
EARNINGS MANAGEMENT AND THE RELATIONSHIP WITH THE TAXABLE PROFIT OF THE BRAZILIAN PUBLICLY-TRADED COMPANIES GESTIÓN DE RESULTADOS Y RELACIONES CON LA BASE IMPONIBLE DE LAS EMPRESAS BRASILEÑAS EN BOLSA GERENCIAMENTO DE RESULTADOS E A RELAÇÃO COM O LUCRO TRIBUTÁVEL DAS EMPRESAS BRASILEIRAS DE CAPITAL ABERTO |
title |
EARNINGS MANAGEMENT AND THE RELATIONSHIP WITH THE TAXABLE PROFIT OF THE BRAZILIAN PUBLICLY-TRADED COMPANIES |
spellingShingle |
EARNINGS MANAGEMENT AND THE RELATIONSHIP WITH THE TAXABLE PROFIT OF THE BRAZILIAN PUBLICLY-TRADED COMPANIES Rezende, Guilherme Pinto Earnings management. Discretionary accruals. Taxable income. Tax neutrality. Gestión de resultados. Devengo discrecionales. Base imponible. Neutralidad fiscal. Gerenciamento de Resultados Accruals Discricionários Lucro Tributável |
title_short |
EARNINGS MANAGEMENT AND THE RELATIONSHIP WITH THE TAXABLE PROFIT OF THE BRAZILIAN PUBLICLY-TRADED COMPANIES |
title_full |
EARNINGS MANAGEMENT AND THE RELATIONSHIP WITH THE TAXABLE PROFIT OF THE BRAZILIAN PUBLICLY-TRADED COMPANIES |
title_fullStr |
EARNINGS MANAGEMENT AND THE RELATIONSHIP WITH THE TAXABLE PROFIT OF THE BRAZILIAN PUBLICLY-TRADED COMPANIES |
title_full_unstemmed |
EARNINGS MANAGEMENT AND THE RELATIONSHIP WITH THE TAXABLE PROFIT OF THE BRAZILIAN PUBLICLY-TRADED COMPANIES |
title_sort |
EARNINGS MANAGEMENT AND THE RELATIONSHIP WITH THE TAXABLE PROFIT OF THE BRAZILIAN PUBLICLY-TRADED COMPANIES |
author |
Rezende, Guilherme Pinto |
author_facet |
Rezende, Guilherme Pinto Nakao, Sílvio Hiroshi |
author_role |
author |
author2 |
Nakao, Sílvio Hiroshi |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Rezende, Guilherme Pinto Nakao, Sílvio Hiroshi |
dc.subject.por.fl_str_mv |
Earnings management. Discretionary accruals. Taxable income. Tax neutrality. Gestión de resultados. Devengo discrecionales. Base imponible. Neutralidad fiscal. Gerenciamento de Resultados Accruals Discricionários Lucro Tributável |
topic |
Earnings management. Discretionary accruals. Taxable income. Tax neutrality. Gestión de resultados. Devengo discrecionales. Base imponible. Neutralidad fiscal. Gerenciamento de Resultados Accruals Discricionários Lucro Tributável |
description |
Due to the connection between financial accounting with disclosure purpose and income taxation, it is supposed that tax planning actions may interfere in the accounting information disclosed. Thus, the quest for taxation reduction may have represented earnings management in accounting information for disclosure. The goal of this study is to verify whether economic incentives related to taxation, measured by taxable income, affected the earnings management level in Brazilian publicly-traded companies. A quantitative analysis involving the profit tax variable and the earnings management measurement found out by the econometric model of Kang-Sivaramakrishnan (1995), with data from the period from 1999 to 2007. In addition, other variables were used to control and delimit possible specification errors. The results indicate that there is evidence of a negative relationship between taxable income and earnings management. It is inferred that the managers’ search for tax savings was responsible for affecting the level of earnings management for accounting disclosure purposes, revealing the effect that the application of accounting practice to taxation standards had on the accounting information in that period. |
publishDate |
2012 |
dc.date.none.fl_str_mv |
2012-01-30 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/2114 10.4270/ruc.20128 |
url |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/2114 |
identifier_str_mv |
10.4270/ruc.20128 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://ojsrevista.furb.br/ojs/index.php/universocontabil/article/view/2114/1851 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2014 Revista Universo Contábil info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2014 Revista Universo Contábil |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
publisher.none.fl_str_mv |
Universidade Regional de Blumenau |
dc.source.none.fl_str_mv |
Revista Universo Contábil; v. 8 n. 1 (2012); 06-21 1809-3337 1809-3337 reponame:Revista Universo Contábil instname:Universidade Regional de Blumenau (FURB) instacron:FURB |
instname_str |
Universidade Regional de Blumenau (FURB) |
instacron_str |
FURB |
institution |
FURB |
reponame_str |
Revista Universo Contábil |
collection |
Revista Universo Contábil |
repository.name.fl_str_mv |
Revista Universo Contábil - Universidade Regional de Blumenau (FURB) |
repository.mail.fl_str_mv |
||universocontabil@furb.br |
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1798945115834679296 |