BTD anormais, accruals discricionários e qualidade dos accruals em empresas de capital aberto listadas no Brasil

Autores

  • Antonio Carlos Brunozi Júnior Professor do Departamento de Administração e Contabilidade da Universidade Federal de Viçosa (UFV)
  • Clóvis Antônio Kronbauer Professor do Programa de Pós-Graduação em Ciências Contábeis da Universidade do Vale do Rio dos Sinos (UNISINOS)
  • Antônio Lopo Martinez Professor-associado da Fucape Business School
  • Tiago Wickstrom Alves Professor dos Programas de Pós-Graduação em Ciências Contábeis e Economia da Universidade do Vale do Rio dos Sinos (UNISINOS)

DOI:

https://doi.org/10.5007/2175-8069.2018v15n35p108

Resumo

Este estudo teve como objetivo analisar as implicações das BTD, decorrentes das práticas de gerenciamentos dos resultados contábeis e tributários, nos accruals discricionários e na qualidade dos accruals em empresas de capital aberto listadas no Brasil. Metodologicamente, considerou-se uma amostra de 290 empresas e o período de 2002 a 2015, com a apuração de uma medida de BTD Anormais para o contexto brasileiro. Em seguida, associou-se as BTD Anormais com proxies de gerenciamento de resultados, que foram obtidas de Dechow, Sloan e Sweeny (1995) e Dechow e Dichev (2002). Houve a utilização da técnica de dados em painel dinâmico com momentos generalizados (GMM). Os resultados indicaram que as BTD Anormais são decorrentes do gerenciamento de resultados por accruals discricionários e pela diminuição na qualidade dos accruals. Com isso, concluiu-se e contribuiu-se com a literatura que há tendências de assimetria informacional nas BTD, principalmente em seus componentes discricionários, diminuindo a qualidade dos lucros.

Biografia do Autor

Antonio Carlos Brunozi Júnior, Professor do Departamento de Administração e Contabilidade da Universidade Federal de Viçosa (UFV)

Doutor em Ciências Contábeis pela Universidade do Vale do Rio dos Sinos (UNISINOS)

Clóvis Antônio Kronbauer, Professor do Programa de Pós-Graduação em Ciências Contábeis da Universidade do Vale do Rio dos Sinos (UNISINOS)

Doutor em Contabilidad y Auditoria – Universidade de Sevilla – Espanha

Antônio Lopo Martinez, Professor-associado da Fucape Business School

Doutor em Controladoria e Contabilidade pela Universidade de São Paulo (USP)

Tiago Wickstrom Alves, Professor dos Programas de Pós-Graduação em Ciências Contábeis e Economia da Universidade do Vale do Rio dos Sinos (UNISINOS)

Doutor em Economia pela Universidade Federal do Rio Grande do Sul

Referências

ABHIJEET, Singh. An Examination of Earnings Quality in Australia: Do Auditor Attributes Matter? 2014. 309 p. Tese de doutorado (Doutorado em Ciências Contábeis) – School of Accounting – Curtin University, Austrália. http://hdl.handle.net/20.500.11937/1514.

ALON, A.; DWYER, Peggy D. Early Adoption of IFRS as a Strategic Response to Transnational and Local Influences. The International Journal of Accounting, v. 49, n. 1, p. 348-370, 2014. https://doi.org/10.1016/j.intacc.2014.07.003.

ARELLANO, M.; BOND, S. Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. The Review of Economic Studies, v. 58, n. 2, p. 277-297, 1991. https://doi.org/10.2307/2297968.

ARELLANO, M.; BOVER, O. Another look at the instrumental-variable estimation of error-components model. Journal of Econometrics. v. 68, n. 1, p. 29-52, 1995. https://doi.org/10.2307/2297968.

ARMSTRONG, C. S.; BLOUIN, J. L.; LARCKER, D. F. The Incentives for tax planning. Journal of Accounting and Economics, v. 53, n.1, p. 391-411, 2012. https://doi.org/10.1016/j.jacceco.2011.04.001.

ATWOOD, T. J.; DRAKE, Michael S.; MYERS, Linda A. Book-Tax Conformity, Earnings Persistence and The Association between Earnings and Future Cash Flows. Journal of Accounting and Economics, v. 50, n. 1, p. 111-125, 2010. https://doi.org/10.1016/j.jacceco.2009.11.001.

ÁVILA, J. R. M. S. Relação entre Book-Tax Differences e os Honorários de Auditoria nas Companhias Abertas Brasileiras. 2016. 98 p. Dissertação de mestrado (Mestrado em Ciências Contábeis) – Programa de Pós-Graduação em Ciências Contábeis, Universidade Federal de Uberlândia, Uberlândia, MG.

AYERS, Benjamin C.; LAPLANTE, Stacie Kelley; MCGUIRE, Sean T. Credit Ratings and Taxes: The Effect of Book–Tax Differences on Ratings Changes. Contemporary Accounting Research, v. 27, n. 2, p. 359-402, 2010. 10.1111/j.1911-3846.2010.01011.x.

BÁEZ-DÍAZ, Aníbal; ALAM, Pervaiz. Tax conformity of earnings and the pricing of accruals. Review of Quantitative Finance and Accounting, v. 40, n. 1, p. 509-538, 2013. https://doi.org/10.1016/j.jacceco.2009.11.001.

BALL, Ray; ROBIN, Ashok; HU, Shuang. Incentives versus standards: Properties of accounting income in four East Asian countries. Journal of Accounting and Economics, v. 36, n. 1, p. 235-270, 2003. https://doi.org/10.1016/j.jacceco.2003.10.003.

BARROS, P. H. Conservadorismo contábil e estrutura de propriedade. 2015. 256 p. Tese de doutorado (Doutorado em Ciências Contábeis) – Departamento de Contabilidade e Atuária da Faculdade de Economia, Administração e Contabilidade - Universidade de São Paulo, São Paulo, SP. 10.11606/T.12.2015.tde-10082015-103557.

BIDDLE, G.; HILARY, G.; VERDI, R. How Does Financial Reporting Quality Relate to Investment Efficiency? Journal of Accounting and Economics, v. 48, n. 2-3, p. 112-131, 2009. https://doi.org/10.1016/j.jacceco.2009.09.001.

BLAYLOCK, B.; SHEVLIN, T.; WILSON, R. Tax avoidance, large positive Book-Tax differences, and earnings persistence. The Accounting Review, v. 87, n. 1, p. 91-120, 2012. https://doi.org/10.2308/accr-10158.

BLAYLOCK, B.; GAERTNER, F.; SHEVLIN, T. The association between book-tax conformity and earnings management. Review of Accounting Studies, v. 20, n. 1, p. 141-172, 2015. https://doi.org/10.1007/s11142-014-9291-x.

BLUNDELL, R.; BOND, S. Initial conditions and moment restrictions in dynamic panel data models. Journal of Econometrics, v. 87, n. 1, p. 115-143, 1998. https://doi.org/10.1016/S0304-4076(98)00009-8.

BOUAZIZ, Ines; OMRI, Mohamed Ali. Market Perception of the Information Content in Book-Tax Differences: Empirical Evidence in Tunisia. Journal of Business Studies Quartely, v. 3, n. 1, p. 112-135, 2011. https://doi.org/10.1016/S0304-4076(98)00009-8.

CARDOSO, R. L.; SOUZA, F. S. R. N.; DANTAS, M. M. Impactos da Adoção das IFRS na Acumulação Discricionária e na Pesquisa em Gerenciamento de Resultados no Brasil. Revista Universo Contábil, v. 11, n. 2, p. 65-84, 2015. DOI:10.4270/RUC.2015212.

CARVALHO, V. G. Influência das Informações Tributárias na Previsão dos Analistas Financeiros do Mercado de Capitais Brasileiro. 2015. 204 p. Tese de doutorado (Doutorado em Ciências Contábeis) – Programa Multi-institucional e Inter-Regional de Pós-Graduação em Ciências Contábeis – Universidade de Brasília, Brasília, Distrito Federal, Universidade Federal da Paraíba, João Pessoa, PB, Universidade Federal do Rio Grande do Norte, Natal, RN. http://repositorio.unb.br/handle/10482/19330.

CHAN, K. H.; LIN, K. Z.; TANG, F. Tax effects of book-tax conformity, financial reporting incentives and firm size. Journal of International Accounting Research, v. 12, n. 2, p. 1-25, 2013. https://doi.org/10.2308/jiar-50404.

CHARITOU, A.; LOUCA, C.; VAFEAS, N. Boards, Ownership Structure, and Involuntary Delisting from the New York Stock Exchange. Journal of Accounting and Public Policy, v. 26, n. 2, p. 249-262, 2007. https://doi.org/10.1016/j.jaccpubpol.2007.02.006.

CHEN, S.; CHEN, X.; CHENG, Q.; SHEVLIN, T. Are family firms more tax aggressive than non-family firms? Journal of Financial Economics, v. 95, n 1, p. 41-61, 2011. https://doi.org/10.1016/j.jfineco.2009.02.003.

CHEN, Linda H.; DHALIWAL, Dan S.; TROMBLEY, Mark A. Consistency of Book-Tax Differences and the Information Content of Earnings. The Journal of the American Taxation Association, v. 34, n. 2, p. 93-116, 2012. https://doi.org/10.2308/atax-50174.

CHI, Sabrina S.; PINCUS, Morton; TEOH, Siew Hong. Mispricing of Book-Tax Differences and the Trading Behavior of Short Sellers and Insiders. The Accounting Review, v. 89, n. 2, p. 511-543, 2014. https://doi.org/10.2308/accr-50644.

CHO, Jennie; WONG, Jilnaught; WONG, Norman. Book-Tax Differences and Inland Revenue Audit Adjustments in New Zealand. Journal of Business Finance & Accounting, v. 33, n. 1, p. 1650-1667, 2006. 10.1111/j.1468-5957.2006.00646.x.

CLARKSON, P.; HANNA, J. D.; RICHARDSON, G. D.; THOMPSON, R. The impact of IFRS adoption on the value relevance of book value and earnings. Journal of Contemporary Accounting & Economics, v. 7, p. 1-17, 2011. https://doi.org/10.1016/j.jcae.2011.03.001.

CRABTREE, A. D.; KUBICK, T. R. Corporate tax avoidance and the timeliness of annual earnings announcements. Review of Quantitative, Finance and Accounting, v. 42, p. 51-67, 2014. https://doi.org/10.1007/s11156-012-0333-9.

DECHOW, P. M.; DICHEV, I. D. The Quality of Accruals and Earnings: The Role of Accrual Estimation Errors. The Accounting Review, v. 77, suplemento, p. 35-59, 2002. http://www.jstor.org/stable/3203324.

DECHOW, P. M.; SCHRAND, C. Earnings Quality. New York: The Research Foundation of CFA Institute, 2004.

DECHOW, P. M.; SLOAN, R. G.; SWEENEY, A. P. Detecting earnings management. The Accounting Review, v. 70, n. 1, p. 193-225, 1995. http://www.jstor.org/stable/248303.

DECHOW, P. M.; GE, W.; SCHRAND, C. Understanding earnings quality: A review of the proxies, their determinants and their consequences. Journal of Accounting and Economics, v. 50, n. 1, p. 344-401, 2010. http://www.jstor.org/stable/3203324.

DEFOND, Mark L.; HUNG, Mingyi; LI, Siqi; LI, Yinghua. Does Mandatory IFRS Adoption Affect Crash Risk? The Accounting Review, v. 90, n. 1, p. 265-299, 2015. https://doi.org/10.2308/accr-50859.

DESAI Mihir A.; DHARMAPALA, D. Earnings Management, Corporate Tax, Shelters, and Book-Tax Alignment. National Tax Journal, v. 62, n. 1, p. 169-186, 2009. http://www.jstor.org/stable/41790634.

DHALIWAL, Dan S.; HUBER, R. E.; LEE, H. S. G.; PINCUS, Morton. Book-Tax Differences, Uncertainty about Fundamentals and Information Quality, and Cost of Capital. University of Arizona, Working Paper, 2008. http://dx.doi.org/10.2139/ssrn.1127956.

DHALIWAL, D. S.; LEE, H. S. G.; PINCUS, M. Book-Tax Differences, Uncertainty about Information Quality, and Cost of Capital. University of Arizona, Working Paper, 2009. http://dx.doi.org/10.2139/ssrn.1127956.

DRAKE, K. D. Does firm life cycle explain the relation between book-tax differences and earnings persistence? American Taxation Association Midyear Meeting: Research Forum, 2013.

DRIDI, W.; ADEL, B. Book-Tax Differences and the Persistence of Earnings and Accruals: Tunisian Evidence. Asian Social Science, v. 12, n. 6, p. 193-202, 2016. https://doi.org/10.5539/ass.v12n6p193.

ELAYAN, F.; LI, J.; MEYER, T. Accounting Irregularities, Management Compensation Structure and Information Asymmetry. Accounting & Finance, v. 48, n. 5, p. 737-770, 2008. 10.1111/j.1467-629X.2008.00266.x.

EVERS, Maria Theresia; FINKE, Katharina; MATENAER, Sebastian; MEIER, Ina; ZINN, Benedikt. Evidence on Book-Tax Differences and Disclosure Quality Based on the Notes to the Financial Statements ZEW - Centre for European Economic Research, Discussion Paper, n. 14-047, 2014.

FIELDS, T.; LYS, T.; VICENT, L. Empirical Research on Accounting Choice. Journal of Accounting and Economics, v. 31, n. 1-3, p. 255-307, 2001. https://doi.org/10.1016/S0165-4101(01)00028-3.

FERREIRA, F. R.; MARTINEZ, A. L.; COSTA, F. M.; PASSAMANI, R. R. Book-Tax Differences e Gerenciamento de Resultados no Mercado de Ações do Brasil. RAE, v. 52, n. 5, p. 488-501, 2012. http://dx.doi.org/10.1590/S0034-75902012000500002.

FORMIGONI, H.; ANTUNES, M. T. P.; PAULO, E. Diferença entre o Lucro Contábil e Lucro Tributável: Uma Análise sobre o Gerenciamento de Resultados Contábeis e Gerenciamento Tributário nas Companhias Abertas Brasileiras. Brazilian Business Review, v. 6, n. 1, p. 44-61, 2009. DOI:10.4270/RUC.2012324.

FRANK, M. M.; LYNCH, L. J.; REGO, S. O. Tax Reporting Aggressiveness and Its Relation to Aggressive Financial Reporting. The Accounting Review, v. 84, n. 2, p. 467-496, 2009. http://www.jstor.org/stable/27802660.

FURTADO, L. L.; SOUZA, J. A. S.; SARLO NETO, A. Gerenciamento de Resultados Contábeis à Luz das Diferenças entre o Lucro Contábil e Tributário (Book-Tax Differences): Uma Análise de Dados em Painel Balanceado. Revista Ambiente Contábil, v. 8, n. 1, p. 115-132, 2016.

GAIO, C.; RAPOSO, C. C. Corporate Governance and Earnings Quality: International Evidence. Journal of Accounting and Finance, v. 14, n. 3, p. 52-74, 2014.

GRAHAM, John R.; RAEDY, Jana S.; SHACKELFORD, Douglas A. Research in Accounting for Income Taxes. Journal of Accounting and Economics, v. 53, n. 1, p. 412-434, 2012. https://doi.org/10.1016/j.jacceco.2011.11.006.

GUENTHER, David A.; MAYDEW, Edward L.; NUTTER, Sarah E. Financial reporting, tax costs, and book-tax conformity. Journal of Accounting and Economics, v. 23, n. 1, p. 225-248, 1997. https://doi.org/10.1016/S0165-4101(97)00009-8.

GUENTHER, David A.; SANSING, R. C. Valuation of the Firm in the Presence of Temporary Book-Tax Differences: The Role of Deferred Tax Assets and Liabilities. The Accounting Review, v. 75, n. 1, p. 1-12, 2000. https://doi.org/10.2308/accr.2000.75.1.1.

GUENTHER, David A.; HU, Xuesong, WILLIAMS, Brian M. Are Large Book-Tax Differences Related to Discretionary Accruals? University of Oregon, Working Paper, 2013.

HANLON, Michelle. The Persistence and Pricing of Earnings, Accruals, and Cash Flows When Firms Have Large Book-Tax Differences. The Accounting Review, v. 80, n. 1, p. 137-166, 2005. http://www.jstor.org/stable/4093164.

HANLON, Michelle; MAYDEW, Edward L.; SHEVLIN, Terry. An Unintended Consequence of Book-Tax Conformity: A Loss of Earnings Informativeness. Journal of Accounting and Economics, v. 46, n. 1, 2008. https://doi.org/10.1016/j.jacceco.2008.09.003.

HANLON, Michelle; HEITZMAN, Shane. A review of tax research. Journal of Accounting and Economics, v. 50, n. 1, p. 127-178, 2010. https://doi.org/10.1016/j.jacceco.2010.09.002.

HANLON, Michelle; KRISHNAN, Gopal; MILLS, Lilian F. Audit Fees and Book-Tax Differences. Journal of the American Taxation Association, v. 34, n. 1, p. 55-86, 2012. https://doi.org/10.2308/atax-10184.

HANSEN, L P. Large Samples Properties of Generalized Method of Moments Estimators. Econometrica, v. 50, n. 1, p. 1029-1054, 1982. DOI: 10.2307/1912775.

HAYN, C. The Information Content of Losses. Journal of Accounting and Economics, v. 20, n. 2, p. 125-153, 1995. https://doi.org/10.1016/0165-4101(95)00397-2.

HELTER, W. Conservatism and Book-Tax Differences. Journal of Accounting, Auditing & Finance, v. 24, n. 1, p. 469-504, 2009. DOI: 10.1177/0148558X0902400307.

HOUQE, M. N.; ZIJL, T. V.; DUNSTAN, K.; KARIM, A. K. M. W. The Effect of IFRS Adoption and Investor Protection on Earnings Quality around the World. The International Journal of Accounting, v. 47, n. 1, p. 333-355, 2012. https://doi.org/10.1016/j.intacc.2012.07.003.

HUANG, Der‐Fen; WANG, Chao‐Lan. Book‐tax differences and earnings quality for the banking industry: evidence from Taiwan. Pacific Accounting Review, v. 25,n. 2, p. 145-164, 2013. DOI: 10.1108/PAR-12-2011-0052.

HUANG, D.; CHANG, M. Do auditor-provided tax services improve the relation between taxrelated internal control and book-tax differences? Asia-Pacific Journal of Accounting & Economics, In-Press, 2015. https://doi.org/10.1080/16081625.2014.1003570.

JEANJEAN, T.; STOLOWY, H. Do accounting Standards matter? An exploratory analysis of earnings management before and after IFRS adoption. Journal of Accounting and Public Policy, v. 27, n. 6, p. 480-494, 2008. https://doi.org/10.1080/16081625.2014.1003570. .

JENSEN, Michael; MECKLING, William. The nature of man. Journal of Applied Corporate Finance, v. 7, n. 1, p. 4-19, 1994. 10.1111/j.1745-6622.1994.tb00401.x.

JOIA, R. M.; NAKAO, S. H. Adoção de IFRS e Gerenciamento de Resultado nas Empresas Brasileiras de capital aberto. Revista de Educação e Pesquisa em Contabilidade, v. 8, n. 1, p. 22-38, 2014. http://dx.doi.org/10.17524/repec.v8i1.1014.

JONES, Jennifer J. Earnings Management during Import Relief Investigations. Journal of Accounting Research, v. 29, n. 2, p. 193-228, 1991. 10.2307/2491047.

LAFOND, R.; WATTS, R. The Information Role of Conservatism. The Accounting Review, v. 83, n. 2, p. 447-478, 2008. https://doi.org/10.2308/accr.2008.83.2.447.

LARCKER, D. F.; RUSTICUS, T. O. On the use of instrumental variables in accounting research. Journal of Accounting and Economics, v. 48, n. 1, p. 186-205, 2010. https://doi.org/10.2308/accr.2008.83.2.447.

LEV, B.; NISSIM, D. Taxable income, future earnings and equity values. The Accounting Review, v. 79, n. 4, p. 1039-1074, 2004. https://doi.org/10.2308/accr.2004.79.4.1039.

LIU, G.; SUN, J. Did the Mandatory Adoption of IFRS Affect the Earnings Quality of Canadian Firms? Accounting Perspectives, v. 14, n. 3, p. 250-275, 2015. 10.1111/1911-3838.12047.

LOBO, G.; ZHOU, J. Did Conservatism in Financial Reporting Increase after the Sarbanes-Oxley Act? Initial Evidence. Accounting Horizons, v. 20, n. 1, p. 57-73, 2006.

https://doi.org/10.2308/acch.2006.20.1.57.

LYU, C.; YUEN, D. C. Y.; ZHANG, Xu; ZHANG, Nini. The Impact of IFRS Adoption on Real Activities Manipulation: Evidence from China. Journal of Applied Management Accounting Research, v. 12, n. 2, 2014.

MANZON, Gil B.; PLESKO, George A. The Relation between Financial and Tax Reporting Measures of Income. MIT – Sloan School of Management, Working Paper, 2002. 10.2139/ssrn.264112 .

MARQUEZ, A. V. C.; COSTA, P. S.; SILVA, P. R. Relevância do Conteúdo Informacional das Book-Tax Differences para Previsão de Resultados Futuros: Evidências de Países-Membros da América Latina. Revista de Contabilidade e Finanças – USP, 2016. http://dx.doi.org/10.1590/1808-057x201501570.

MARTINEZ, A. L. Detectando Earnings management no Brasil: Estimando os accruals discricionários. Revista de Contabilidade e Finanças – USP, v. 19, n. 46, p. 7-17, 2008. http://dx.doi.org/10.1590/S1519-70772008000100002.

MARTINEZ, A L.; FRANCISCO FILHO, R.; ANUNCIAÇÃO, E. P. Analysis of the relationship between the components of Book-Tax Differences and annual variations in earnings and tax expenses of firms listed on the BMF&BOVESPA. Advances in Scientific and Applied Accounting, v. 6, n. 3, p. 396-417, 2013. 10.14392/ASAA.2013060306.

MARTINEZ, A. L.; LESSA, R. C. The Effect of Tax Aggressiveness and Corporate Governance on Audit Fees - Evidences from Brazil. Journal of Management Research, v. 6, n. 1, p. 95-108, 2014. https://doi.org/10.5296/jmr.v6i1.4812.

MARTINEZ, A. L.; PASSAMANI, R. R. Book-Tax Differences e sua Relevância Informacional no Mercado de Capitais no Brasil. Revista de Gestão, Finanças e Contabilidade, v. 4, n. 2, p. 20-37, 2014.

MARTINEZ, A. L.; BASSETI, M. Ciclo de Vida das Empresas, Book-Tax Differences e a Persistência nos Lucros. Revista de Educação e Pesquisa em Contabilidade, v. 10, n. 2, p. 148-162, 2016. DOI 10.17524/repec.

MORAES, M. V. M.; SAUERBRONN, F. F.; MACEDO, M. A. S. E se as Normas Internacionais fossem adotadas para fins fiscais? Evidências empíricas a partir dos ajustes do regime tributário de transição (RTT). Revista Universo Contábil, v. 11, n. 4, p. 107-127, 2015. DOI:10.4270/RUC.2015434.

NAKAO, S H. A adoção de IFRS e o legado da conformidade contábil-fiscal mandatória. 2012. 62 p. Tese (Livre Docência em Ciências Contábeis) – Departamento de Contabilidade e Atuária da Faculdade de Economia, Administração e Contabilidade - Universidade de São Paulo, Ribeirão Preto, SP.

NOGA, Tracy J.; SCHNADER, Anne L. Book-Tax Differences as an Indicator of Financial Distress. Accounting Horizons, v. 27, n. 3, p. 469-489, 2013. https://doi.org/10.2308/acch-50481.

NOVAES, P. V. G.; SARLO NETO, A.; ALMEIDA, A. A.; LOUZADA, L. C. Efeito clientela: Uma análise da relação entre Book-Tax Differences e dividendos extraordinários das empresas com ações listadas na Bovespa. Revista Contemporânea de Contabilidade, v. 11, n. 26, p. 03-22, 2016. http://dx.doi.org/10.5007/2175-8069.2015v12n26p3.

ONEZORGE, P. V. B.; TEIXEIRA, A. J. C. Relação entre Book-Tax Differences e Governança Corporativa nas Empresas Listadas na BM&FBovespa. IN: Congresso ANPCONT, X, 2016, Ribeirão Preto, SP. Anais…Ribeirão Preto, SP: ANPCONT, 2016.

PEREIRA, Manuel J. R. da Cunha. A conformidade Book-Tax e o seu impacto nos lucros, nos fluxos financeiros e na fiscalidade. 2010. 176 p. Tese de doutorado (Doutorado em Ciências Empresariais) – Faculdade de Economia - Universidade do Porto, Porto, Portugal.

PHILLIPS, John; PINCUS, Morton; REGO, Sonja Olhoft. Earnings Management: New Evidence Based on Deferred Tax Expense. The Accounting Review, v. 78, n. 2, p. 491-521, 2003. http://www.jstor.org/stable/3203263.

PIQUEIRAS, T. M. Relação das Diferenças entre o Lucro Contábil e o Lucro Tributável (Book-Tax Differences) e o Gerenciamento de Resultados no Brasil. 2010. 62 p. Dissertação (Mestrado em Controladoria e Contabilidade) – Departamento de Contabilidade e Atuária da Faculdade de Economia, Administração e Contabilidade - Universidade de São Paulo, Ribeirão Preto, SP.

RAEDY, Jana S.; SEIDMAN, J.; SHACKELFORD, Douglas A. Book-Tax Differences: Which Ones Matter to Equity Investors? University of North Carolina, University of Texas and NBER, Working Paper, 2010.

SHAN, Yuan George. Value relevance, earnings management and corporate governance in China. Emerging Markets Review, v. 23, n. 1, p. 186-207, 2015. https://doi.org/10.1016/j.ememar.2015.04.009.

SHAVIRO, D. Internationalization of Income Measures and the U.S. Book-Tax Relationship. National Tax Journal, v. 62, n. 1, p. 155-167, 2009.

SCHIPPER, K. Earnings management. Accounting Horizons, v. 3, n. 4, p. 91-102, 1989.

TANG, Tanya Y. H. The Value Relevance of Book-Tax Differences - An Empirical Study in China’s Capital Market. SSRN. 2006. Disponível em: <https://papers.ssrn.com/sol3/papers.cfm?abstract_id=897120>.

TANG, Tanya; FIRTH, Michael. Can book–tax differences capture earnings management and tax Management? Empirical evidence from China. The International Journal of Accounting, v. 46, n. 1, p. 175-204, 2011. https://doi.org/10.1016/j.intacc.2011.04.005.

TANG, Tanya; FIRTH, Michael. Earnings Persistence and Stock Market Reactions to the Different Information in Book-Tax Differences: Evidence from China. The International Journal of Accounting, v. 47, n. 3, p. 369-397, 2012. https://doi.org/10.1016/j.intacc.2012.07.004.

TANG, Tanya Y. H. Does Book-Tax Conformity Deter Opportunistic Book and Tax Reporting? An International Analysis. European Accounting Review, v. 24, n. 3, p. 441-469, 2015.

TAX JUSTICE NETWORK. Country by Country Reporting – Brazil, 2015. Disponível em: < http://www.taxjustice.net/topics/corporate-tax/country-by-country/>. Acesso em: 11 junho 2016.

TENDELOO, B.;VANSTRELEN, A. Earnings management under German GAAP versus IFRS. European Accounting Review, v. 14, n. 1, p. 155-180, 2005. http://dx.doi.org/10.1080/0963818042000338988.

WAHAB, N. S. A.; HOLLAND, K. The persistence of Book-Tax Differences. The British Accounting Review, p. 1-12, 2014. https://doi.org/10.1016/j.bar.2014.06.002.

YAMADA, A. Does Book-Tax Difference Influence the Value Relevance of Book Income? Empirical Evidence from Japan. Chuo University, Working Paper, 2015.

Downloads

Publicado

2018-06-30

Edição

Seção

Artigos