Tax avoidance and tax disclosure: A study of Brazilian listed companies

Detalhes bibliográficos
Autor(a) principal: Moraes, Gabriela Silva de Castro
Data de Publicação: 2021
Outros Autores: Nascimento, Eduardo Mendes, Soares, Sandro Vieira, Prímola, Bernardo Fernandes Lott
Tipo de documento: Artigo
Idioma: eng
por
Título da fonte: Contextus (Fortaleza. Online)
Texto Completo: http://periodicos.ufc.br/contextus/article/view/61612
Resumo: This study analyzes the effect of tax avoidance on corporate transparency in Brazilian listed companies. The research was based on a sample of 256 non-financial companies listed in the Brazilian stock exchange (B3) from 2010 to 2018. A disclosure index was developed considering the BR GAAP (CPC 32), and tax avoidance measures (Effective Tax Rates – ETR, Cash Effective Tax Rate – CashETR, and Book-Tax-Differences – BTD) were used as explanatory variables in a panel. The findings revealed that tax avoidance has a negative influence in corporate transparency and that the industry and commerce sectors, company size, the level of leverage and profitability, have a positive influence in information disclosure.
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spelling Tax avoidance and tax disclosure: A study of Brazilian listed companiesFiscal agresividad y fiscal divulgación: Un estudio en empresas brasileñas que cotizan en bolsaAgressividade fiscal e evidenciação tributária: Um estudo das companhias brasileiras de capital aberto tax avoidancetax disclousurebrazilian companiescorporate transparencyinformation disclosurefiscal agresividadfiscal divulgaciónempresas brasilenãstransparencia empresarialdivulgación de informaciónagressividade fiscalevidenciação tributáriaempresas brasileirastransparência corporativadivulgação informacionalThis study analyzes the effect of tax avoidance on corporate transparency in Brazilian listed companies. The research was based on a sample of 256 non-financial companies listed in the Brazilian stock exchange (B3) from 2010 to 2018. A disclosure index was developed considering the BR GAAP (CPC 32), and tax avoidance measures (Effective Tax Rates – ETR, Cash Effective Tax Rate – CashETR, and Book-Tax-Differences – BTD) were used as explanatory variables in a panel. The findings revealed that tax avoidance has a negative influence in corporate transparency and that the industry and commerce sectors, company size, the level of leverage and profitability, have a positive influence in information disclosure.El propósito de este estudio fue analizar el efecto de la agresividad fiscal sobre la transparencia empresarial en empresas brasileñas que cotizan en la bolsa. La investigación utilizó una muestra de 256 empresas no financieras listadas en B3 de 2010 a 2018. Se elaboró ​​un índice de divulgación a partir de CPC 32 para luego estimar los efectos de agresividad fiscal (Effective Tax Rates – ETR, Cash Effective Tax Rate – CashETR y Book-Tax-Differences – BTD) como variables explicativas. Los hallazgos revelaron que la agresividad fiscal influye negativamente en la transparencia empresarial y que los sectores de la industria y comercio, el tamaño de la empresa, el nivel de apalancamiento y la rentabilidad influyen positivamente en la divulgación de información.O objetivo deste estudo consiste em analisar o efeito da agressividade fiscal sobre a transparência corporativa nas companhias brasileiras de capital aberto. A pesquisa partiu de uma amostra de 256 empresas não financeiras, listadas na B3 do período de 2010 a 2018. Foi desenvolvido um índice de disclosure a partir do CPC 32 para, então, proceder a um painel com as medidas de agressividade fiscal (Effective Tax Rates – ETR, Cash Effective Tax Rate – CashETR e Book-Tax-Differences – BTD) como variáveis explicativas. Os achados revelaram que agressividade fiscal influencia negativamente a transparência corporativa; e que os setores de indústria e comércio, o tamanho da companhia, o nível de alavancagem e a rentabilidade influenciam positivamente a divulgação informacional.FEAAC/UFC2021-06-27info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfapplication/pdfapplication/ziphttp://periodicos.ufc.br/contextus/article/view/6161210.19094/contextus.2021.61612Contextus - Contemporary Journal of Economics and Management; Vol 19: jan/dec 2021; 197-216Contextus – Revista Contemporánea de Economía y Gestión; Vol. 19: jan/dez 2021; 197-216Contextus – Revista Contemporânea de Economia e Gestão; v. 19: jan/dez 2021; 197-2162178-92581678-2089reponame:Contextus (Fortaleza. Online)instname:Universidade Federal do Ceará (UFC)instacron:UFCengporhttp://periodicos.ufc.br/contextus/article/view/61612/196958http://periodicos.ufc.br/contextus/article/view/61612/196959http://periodicos.ufc.br/contextus/article/view/61612/197118http://periodicos.ufc.br/contextus/article/view/61612/197119http://periodicos.ufc.br/contextus/article/view/61612/197120http://periodicos.ufc.br/contextus/article/view/61612/197121Copyright (c) 2021 Revista: apenas para a 1a. publicaçãohttp://creativecommons.org/licenses/by-nc/4.0info:eu-repo/semantics/openAccessMoraes, Gabriela Silva de CastroNascimento, Eduardo MendesSoares, Sandro VieiraPrímola, Bernardo Fernandes Lott2022-02-08T12:38:24Zoai:periodicos.ufc:article/61612Revistahttp://periodicos.ufc.br/contextusPUBhttp://periodicos.ufc.br/contextus/oairevistacontextus@ufc.br2178-92581678-2089opendoar:2022-02-08T12:38:24Contextus (Fortaleza. Online) - Universidade Federal do Ceará (UFC)false
dc.title.none.fl_str_mv Tax avoidance and tax disclosure: A study of Brazilian listed companies
Fiscal agresividad y fiscal divulgación: Un estudio en empresas brasileñas que cotizan en bolsa
Agressividade fiscal e evidenciação tributária: Um estudo das companhias brasileiras de capital aberto
title Tax avoidance and tax disclosure: A study of Brazilian listed companies
spellingShingle Tax avoidance and tax disclosure: A study of Brazilian listed companies
Moraes, Gabriela Silva de Castro
tax avoidance
tax disclousure
brazilian companies
corporate transparency
information disclosure
fiscal agresividad
fiscal divulgación
empresas brasilenãs
transparencia empresarial
divulgación de información
agressividade fiscal
evidenciação tributária
empresas brasileiras
transparência corporativa
divulgação informacional
title_short Tax avoidance and tax disclosure: A study of Brazilian listed companies
title_full Tax avoidance and tax disclosure: A study of Brazilian listed companies
title_fullStr Tax avoidance and tax disclosure: A study of Brazilian listed companies
title_full_unstemmed Tax avoidance and tax disclosure: A study of Brazilian listed companies
title_sort Tax avoidance and tax disclosure: A study of Brazilian listed companies
author Moraes, Gabriela Silva de Castro
author_facet Moraes, Gabriela Silva de Castro
Nascimento, Eduardo Mendes
Soares, Sandro Vieira
Prímola, Bernardo Fernandes Lott
author_role author
author2 Nascimento, Eduardo Mendes
Soares, Sandro Vieira
Prímola, Bernardo Fernandes Lott
author2_role author
author
author
dc.contributor.author.fl_str_mv Moraes, Gabriela Silva de Castro
Nascimento, Eduardo Mendes
Soares, Sandro Vieira
Prímola, Bernardo Fernandes Lott
dc.subject.por.fl_str_mv tax avoidance
tax disclousure
brazilian companies
corporate transparency
information disclosure
fiscal agresividad
fiscal divulgación
empresas brasilenãs
transparencia empresarial
divulgación de información
agressividade fiscal
evidenciação tributária
empresas brasileiras
transparência corporativa
divulgação informacional
topic tax avoidance
tax disclousure
brazilian companies
corporate transparency
information disclosure
fiscal agresividad
fiscal divulgación
empresas brasilenãs
transparencia empresarial
divulgación de información
agressividade fiscal
evidenciação tributária
empresas brasileiras
transparência corporativa
divulgação informacional
description This study analyzes the effect of tax avoidance on corporate transparency in Brazilian listed companies. The research was based on a sample of 256 non-financial companies listed in the Brazilian stock exchange (B3) from 2010 to 2018. A disclosure index was developed considering the BR GAAP (CPC 32), and tax avoidance measures (Effective Tax Rates – ETR, Cash Effective Tax Rate – CashETR, and Book-Tax-Differences – BTD) were used as explanatory variables in a panel. The findings revealed that tax avoidance has a negative influence in corporate transparency and that the industry and commerce sectors, company size, the level of leverage and profitability, have a positive influence in information disclosure.
publishDate 2021
dc.date.none.fl_str_mv 2021-06-27
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 http://periodicos.ufc.br/contextus/article/view/61612
10.19094/contextus.2021.61612
url http://periodicos.ufc.br/contextus/article/view/61612
identifier_str_mv 10.19094/contextus.2021.61612
dc.language.iso.fl_str_mv eng
por
language eng
por
dc.relation.none.fl_str_mv http://periodicos.ufc.br/contextus/article/view/61612/196958
http://periodicos.ufc.br/contextus/article/view/61612/196959
http://periodicos.ufc.br/contextus/article/view/61612/197118
http://periodicos.ufc.br/contextus/article/view/61612/197119
http://periodicos.ufc.br/contextus/article/view/61612/197120
http://periodicos.ufc.br/contextus/article/view/61612/197121
dc.rights.driver.fl_str_mv Copyright (c) 2021 Revista: apenas para a 1a. publicação
http://creativecommons.org/licenses/by-nc/4.0
info:eu-repo/semantics/openAccess
rights_invalid_str_mv Copyright (c) 2021 Revista: apenas para a 1a. publicação
http://creativecommons.org/licenses/by-nc/4.0
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
application/zip
dc.publisher.none.fl_str_mv FEAAC/UFC
publisher.none.fl_str_mv FEAAC/UFC
dc.source.none.fl_str_mv Contextus - Contemporary Journal of Economics and Management; Vol 19: jan/dec 2021; 197-216
Contextus – Revista Contemporánea de Economía y Gestión; Vol. 19: jan/dez 2021; 197-216
Contextus – Revista Contemporânea de Economia e Gestão; v. 19: jan/dez 2021; 197-216
2178-9258
1678-2089
reponame:Contextus (Fortaleza. Online)
instname:Universidade Federal do Ceará (UFC)
instacron:UFC
instname_str Universidade Federal do Ceará (UFC)
instacron_str UFC
institution UFC
reponame_str Contextus (Fortaleza. Online)
collection Contextus (Fortaleza. Online)
repository.name.fl_str_mv Contextus (Fortaleza. Online) - Universidade Federal do Ceará (UFC)
repository.mail.fl_str_mv revistacontextus@ufc.br
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