Juan Monterrey Mayoral (Universidad de Extremadura) Amparo Sánchez Segura (Universidad de Extremadura)
Abstract
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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Volume (Year): 12 (2009) Issue (Month): 1 (january-june) Pages: 117-140 Download reference. The following formats are available: HTML
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Find related papers by JEL classification: H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies M41 - Business Administration and Business Economics; Marketing; Accounting - - Accounting - - - Accounting