Publication: ¿Cómo afectan los impuestos a la calidad del resultado? Evidencia empírica en las empresas españolas no cotizadas
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Date
2009
Authors
Monterrey Mayoral, Juan ; Sánchez Segura, Amparo
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Publisher
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DOI
https://doi.org/10.1016/S1138-4891(09)70004-4
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info:eu-repo/semantics/article
Description
Abstract
El presente estudio tiene por objeto analizar empíricamente en qué medida los impuestos
afectan a la calidad del resultado en las compañías españolas no cotizadas. Tomando una
amplia muestra de empresas, documentamos en qué circunstancias la tributación puede
reducir la calidad de la información contable. No obstante, el objetivo de reducir costes
fiscales está confinado a las compañías que no presentan riesgos derivados del
endeudamiento. Nuestros resultados se mantienen robustos tras controlar las características
corporativas que la literatura señala como determinantes innatos de la calidad contable y
empleando especificaciones alternativas
This paper presents the results of an empirical analysis of the extent to which taxes affect the earnings quality disclosed by non-listed Spanish companies. Based on a large sample of firms, we document the circumstances in which taxation may reduce the quality of accounting information. Notwithstanding, the aim for diminishing fiscal expenses is restricted to companies that are not exposed to the risks associated to leverage. Our results are robust after controlling for those corporate characteristics found by the published literature as innate determinants of the quality of accounting information as well as in the presence of alternative functional specifications
This paper presents the results of an empirical analysis of the extent to which taxes affect the earnings quality disclosed by non-listed Spanish companies. Based on a large sample of firms, we document the circumstances in which taxation may reduce the quality of accounting information. Notwithstanding, the aim for diminishing fiscal expenses is restricted to companies that are not exposed to the risks associated to leverage. Our results are robust after controlling for those corporate characteristics found by the published literature as innate determinants of the quality of accounting information as well as in the presence of alternative functional specifications
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