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The Value Relevance of Book-Tax Differences in Brazil

Passamani, Renato - 2012

Over the past years there has been increasing interest in the informational importance of the differences between accounting or book income and taxable income. This subject, known as book-tax differences (BTDs), involves various aspects, mainly the motives for these differences, the potential...

Persistent link: https://www.econbiz.de/10013101280

Through a Glass Darkly : What Can We Learn About a U.S. Multinational Corporation's International Operations from Its Financial Statement Disclosures?

Donohoe, Michael P. - 2013

We discuss the accounting rules that apply to reporting a U.S. company's international operations. We use examples to illustrate diversity in accounting and offer caveats for policy makers, standard setters, analysts, and researchers regarding their interpretation and use of financial accounting...

Persistent link: https://www.econbiz.de/10013089924

Bringing Leased Assets onto the Balance Sheet

Cornaggia, Kimberly Rodgers - 2014

Pending changes in lease accounting standards will require firms to recognize obligations that have historically been kept off-balance-sheet (OBS). We examine the implications of this accounting treatment for a host of common risk and performance metrics. Conventional leverage, Z-Score, levered...

Persistent link: https://www.econbiz.de/10013069249

The Implications of Book-Tax Differences : A Meta-Analysis

Evers, Maria - 2017

Over the last decade, a large body of tax accounting literature on the association between book-tax conformity (BTC)/book-tax differences (BTD) and firms' opportunistic reporting behavior has emerged. Yet, existing empirical evidence on the questions whether increased book-tax conformity...

Persistent link: https://www.econbiz.de/10012964042

Biases in Analysts' Multiyear Forecasted Income Statements, Balance Sheets, and Cash Flow Statements

Hand, John R. M. - 2017

-horizon total assets, they underestimate long-horizon debt and overestimate long-horizon equity. Our regressions support the view …We evaluate sell-side equity analysts' multiyear forecasted income statements, balance sheets and cash flow statements …'s assets …

Persistent link: https://www.econbiz.de/10012951937

Whose Balance Sheet is This? Neural Networks for Banks’ Pattern Recognition

León, Carlos - 2017

The balance sheet is a snapshot that portraits the financial position of a firm at a specific point of time. Under the reasonable assumption that the financial position of a firm is unique and representative, we use a basic artificial neural network pattern recognition method on Colombian banks'...

Persistent link: https://www.econbiz.de/10012962410

Managing the Balance Sheet with Leases

Cornaggia, Kimberly Rodgers - 2018

We document significantly increased reliance on off-balance-sheet (OBS) lease financing that is inconsistent with economic theory. Specifically, the increase is greatest among non-distressed firms characterized by growth options and high R&D but without obvious tax incentives. We explore...

Persistent link: https://www.econbiz.de/10012940165

Does Book-Tax Difference Influence the Value Relevance of Book Income? Empirical Evidence from Japan

Yamada, Akihiro - 2017

This paper analyzes the effects of the book-tax difference (BTD) on accounting accruals and value relevance. Recent studies argued that book-tax conformity increases earnings quality. However, other studies argued that book-tax conformity decreases earnings quality. The previous studies failed...

Persistent link: https://www.econbiz.de/10012971651

Book-Tax Differences and Future Earnings Changes

Jackson, Mark - 2017

Prior studies suggest that large book-tax differences (BTDs) are associated with future earnings changes (or earnings persistence), but it is not clear what drives this association. Studies such as Lev and Nissim (2004) examine the association between total BTDs and after-tax earnings changes,...

Persistent link: https://www.econbiz.de/10012976840

Book-Tax Conformity and Capital Structure

Blaylock, Bradley S. - 2016

decrease in the informativeness of accounting earnings for equity markets resulting from higher book-tax conformity. We argue … that the decrease in earnings informativeness impacts equity holders more than debt holders because of the differences in … payoff structures between debt and equity investments such that increases in book-tax conformity lead to increases in firms …

Persistent link: https://www.econbiz.de/10013006451