Financiamento Da Educação E as Implicações À Garantia Do Direito E Qualidade Da Educação

Carmo, Eraldo Souza do

doi:10.22409/tn.v18i37.46299

Cited by 2 publications

(4 citation statements)

References 3 publications

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“…Firm leverage is related to its indebtedness and, therefore, reflects the firm’s dependence on third parties and acts as a proxy for its financial risk (Carmo, 2013). Indebtedness is measured as the ratio between total liabilities and total assets, usually referred to as the debts-to-assets ratio (Serrasqueiro and Nunes, 2008; Latif et al , 2017; Huynh, 2019).…”

Section: Sample Variables and Methodologymentioning

confidence: 99%

“…Earnings predictability is the ability of reported earnings in predicting future earnings (Lipe, 1990). It has some relation with persistence given that persistent earnings are more predictable (Carmo, 2013), due to trend effects, but predictability also includes the cases in which is β 1 negative (seasonality). The highest the predictability, the highest earnings quality (Schiemann & Guenther, 2013).…”

Section: The Mcnichols Model (2002) Was Estimated Using the Equationmentioning

confidence: 99%

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Does earnings quality impact firms’ performance? The case of Portuguese SMEs from the mold sector

Duarte

Lisboa

Carreira

2022

JFRA

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Purpose This study aims to study the impact of earnings quality on firms’ financial performance. Design/methodology/approach An unbalanced panel data of 237 small- and medium-sized Portuguese companies from the mold industry, using 2010–2018 yearly data was analyzed. While most studies focus only on earnings management when assessing earnings quality, in this study six proxies for earnings quality are used, namely, accruals quality (a proxy for earnings management), earnings persistence, earnings predictability, earnings smoothness, earnings timeliness and earnings conservatism. Moreover, two proxies of financial performance are considered, the return on assets and the economic value added. An econometric model was estimated using either a fixed-effects or a random-effects specification to account for the individual firm-specific effects and ensure heteroscedasticity corrected estimates. Findings The results show that managers must be concerned with the quality of reported earnings, as it can affect positively firms’ financial performance, especially regarding accruals quality. Persistence, predictability, smoothness, timeliness and conservatism are shown not to exert significant influence on financial performance in the sample. Research limitations/implications This work contributes not only as a literature review on these thematic but also to firms’ managers and stakeholders, who have information that helps them select strategies that guarantee earnings quality and improve firms’ financial performance. Originality/value This study proposed an econometric model that studies the relationship between earnings quality (using several proxies for it) and financial performance that can be applied to all companies.

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Section: Sample Variables and Methodologymentioning

confidence: 99%

Section: The Mcnichols Model (2002) Was Estimated Using the Equationmentioning

confidence: 99%

Does earnings quality impact firms’ performance? The case of Portuguese SMEs from the mold sector

Duarte

Lisboa

Carreira

2022

JFRA

View full text Add to dashboard Cite

show abstract

“…where: ∆Earnings -annual change in earnings, BN -dummy variable that takes the value 1 if ∆Earnings < 0, and 0 otherwise. The immediate recognition of bad news supposedly affects only one period, while the recognition of good news, by being gradual, affects several subsequent periods (Carmo, 2013). Thus, negative variations in earnings (bad news) will be less persistent and will revert faster than positive variations (good news).…”

Section: 7mentioning

confidence: 99%

“…The company's leverage can also have an impact on performance. Leverage (measured as the ratio of total liabilities to total assets) is a proxy for the company's financial risk (Carmo, 2013). It can negatively influence the company's financial performance as the increasing of debt leads to an increase in interests' expenses, and thus to a reduction in earnings.…”

Section: The Impact Of Earnings Quality On Company's Performancementioning

confidence: 99%

Proceedings of the International Conference of Applied Business and Management (ICABM2020)

Borges¹

2020

Proceedings of the International Conference of Applied Business and Management (ICABM2020)

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Firms investment is a relevant element in economic growth. Therefore, it is important to consider the factors that influence it. In this context, the tax variable has a high impact on the investment decision. The purpose of this paper is to discuss how investing in intangible assets makes the computation of the effective corporate income tax rate especially complex. Methodology:The methodology applied is based on the method designated "legal research", in the legal-fiscal and accounting aspects. In this method, the analytical discussion of tax and accounting rules relevant to a given phenomenon allow us to assess the potential impact of a certain legal framework on business decisions.Originality: Economic models have traditionally incorporated the tax variable corresponding to the nominal rate of income tax for corporations. However, in the Portuguese tax legal framework there is a wide range of situations in which the tax framework differs from the accounting rules. When this happens, the nominal tax rate does not adequately capture the impact of the tax policy on investment results. This consideration is particularly relevant if the analysis focuses on investments that strongly integrate intangible elements into their composition Findings: Economic methodologies relating to investment and taxation will gain by specifying further the relationship between the nominal tax rate and the effective tax rate, particularly in the area of investments largely composed of intangible assets. Hypotheses of empirical investigation may follow from this study.Practical implications: At the corporate or macroeconomic level, the tax variable is increasingly complex in its determination. In fact, under corporate income tax, and for intangible assets, deductions to income, collection and other benefits can significantly create distance between nominal tax rate and effective tax rate. Research limitations:It is an analytical approach, which does not develop empirical studies, but leaves clues of statistical investigation.

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Financiamento Da Educação E as Implicações À Garantia Do Direito E Qualidade Da Educação

Cited by 2 publications

References 3 publications

Does earnings quality impact firms’ performance? The case of Portuguese SMEs from the mold sector

Does earnings quality impact firms’ performance? The case of Portuguese SMEs from the mold sector

Proceedings of the International Conference of Applied Business and Management (ICABM2020)

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