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Abstract(s)
A nível global, as demonstrações financeiras constituem uma ferramenta de extrema importância na avaliação de entidades e na posterior tomada de decisões. Desta forma, torna-se necessário que os resultados se apresentem de qualidade e persistentes, isto é, que se demonstrem com capacidade preditiva.
A presente investigação visa analisar a influência da fiscalidade na persistência dos resultados, fluxos de caixa e acréscimos via impostos diferidos, originados pelas diferenças temporárias entre a contabilidade e a fiscalidade, nos períodos compreendidos entre 2016 e 2020, nas pequenas e médias entidades portuguesas, através de uma amostra de 2 435 empresas (12 175 observações) recolhida da base de dados SABI (Sistema de Análise de Balanços Ibéricos).
No sentido de concretizar a investigação, foram desenvolvidas quatro hipóteses de investigação, respondidas através do cálculo de regressões lineares baseadas no estudo de Hanlon (2005).
Os resultados alcançados indicam que a persistência dos resultados se demonstra menor aquando do maior reconhecimento de diferenças temporárias dedutíveis e que a componente fluxos de caixa se denota mais persistente do que a componente acréscimos.
Este estudo contribui para o debate da influência da fiscalidade na contabilidade, designadamente analisando o impacto na qualidade dos resultados, os quais se manifestam essenciais para a tomada de decisão de diversos agentes económicos.
Globally, financial statements are an extremely important tool in the evaluation of entities and in subsequent decision making. Thus, it is necessary that the reported earnings exhibit high quality, specifically being persistent, in order to have predictive ability. This research aims to analyse the influence of taxation on the persistence of results, cash flows and accruals by temporary differences between accounting and taxation, for the periods between 2016 and 2020, in small and medium-sized Portuguese entities, through a sample of 2 435 companies (12 175 observations), collected from the SABI database (Sistema de Análise de Balanços Ibéricos). In order to carry out the investigation, four research hypotheses were developed, tested through the estimation of linear regressions based on Hanlon's study (2005). The results obtained indicate that the earnings persistence tends to be lower when there is a higher recognition of deductible temporary differences and that the cash flow component is more persistent than the accruals component. This study contributes to the debate on the influence of taxation on accounting, namely by analyzing the impact on earnings quality, which are fundamental for decision-making of several economic agents.
Globally, financial statements are an extremely important tool in the evaluation of entities and in subsequent decision making. Thus, it is necessary that the reported earnings exhibit high quality, specifically being persistent, in order to have predictive ability. This research aims to analyse the influence of taxation on the persistence of results, cash flows and accruals by temporary differences between accounting and taxation, for the periods between 2016 and 2020, in small and medium-sized Portuguese entities, through a sample of 2 435 companies (12 175 observations), collected from the SABI database (Sistema de Análise de Balanços Ibéricos). In order to carry out the investigation, four research hypotheses were developed, tested through the estimation of linear regressions based on Hanlon's study (2005). The results obtained indicate that the earnings persistence tends to be lower when there is a higher recognition of deductible temporary differences and that the cash flow component is more persistent than the accruals component. This study contributes to the debate on the influence of taxation on accounting, namely by analyzing the impact on earnings quality, which are fundamental for decision-making of several economic agents.
Description
Keywords
Persistência dos resultados Resultado contabilístico Resultado fiscal Acréscimos Fluxos de caixa Earnings Persistence Book income Tax income Accruals Cash flows