The value relevance of deferred tax attributed to asset revaluations

Hanlon, Dean; Navissi, Farshid; Soepriyanto, Gatot

doi:10.1016/j.jcae.2014.03.001

Cited by 14 publications

(18 citation statements)

References 23 publications

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“…Mura, Piras, dan Valentinčič (2015) membuktikan pengaruh revaluasi aset terhadap kinerja perusahaan di masa mendatang dan berkorelasi negatif dengan arus kas mendatang. Hanlon et al, (2014) menyebutkan bahwa dampak revaluasi aset terhadap relevansi nilai perusahaan yang diakibatkan penyajian pajak tangguhan atas revaluasi. Shin dan Willis (2014) menguji motivasi manajer melakukan revaluasi aset dengan information cost hypothesis (ICH) dan the fair value hypothesis (FVH).…”

Section: Menteriunclassified

Investigasi atas revaluasi aset, penyajian laporan keuangan, dan kualitas auditor berbasis mandatory IFRS

Ahmar¹

2018

jeb

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A B S T R A C T Revaluation of asset is not carried out by the company in A B S T R A KRevaluasi aset belum banyak dilakukan oleh perusahaan di Indonesia sehingga mendorong lahirnya Peraturan Menteri Keuangan (PMK) nomor 191/PMK.010/2015 tentang penilaian kembali aktiva tetap untuk tujuan perpajakan. Tujuan revaluasi aset pada umumnya adalah untuk meningkatkan nilai perusahaan dan menyajikan akun pada nilai yang sebenarnya. Riset ini melakukan investigasi aktivitas revaluasi aset yang dilakukan oleh perusahaan publik di Indonesia berdasarkan kualitas auditornya dan satuan moneter penyajian laporan keuangan. Riset menginvestigasi 434 emiten selama tahun 2012 sampai dengan tahun 2014. Hasil penelitian menunjukkan bahwa 7,1 persen emiten melakukan revaluasi aset dan 92,9 persen emiten belum melakukan revaluasi aset. Dari jumlah tersebut 3 persen diaudit oleh KAP (Kantor Akuntan Publik) yang berafiliasi dengan big four dan 4,1 persennya tidak. Jumlah emiten yang merevaluasi aset dan menyajikan laporan keuangannya dalam mata uang rupiah sebanyak 5,3 persen dan dalam US dollar 1,8 persen.

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Section: Menteriunclassified

Investigasi atas revaluasi aset, penyajian laporan keuangan, dan kualitas auditor berbasis mandatory IFRS

Ahmar¹

2018

jeb

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“…Beaver and Dukes (1972) are among the first to pioneer a study proposing that deferred tax items may be value relevant for investors. Some studies examine the relevance of the timing of the reversal of differences between accounting and taxation regulations that give rise to deferred taxes (Amir et al, 1997;Barth, 2000;Citron, 2001;Chaney and Jeter, 1994;Chang et al, 2009;Sansing, 2000, 2004;Lynn et al, 2008;Wong et al, 2011;Hanlon et al, 2014;Hennig et al, 2010Hennig et al, , 2013. Amir et al (1997) classify deferred tax components into seven categories: depreciation and amortization; losses and credits carried forward; restructuring charges; environmental charges; employee benefits; valuation allowance required; and all other components.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Therefore, income tax implications for financial statement users are less likely to prevail. Hanlon, Navissi and Soepriyanto (2014) examined the incremental value relevance of the balance sheet approach to accounting for deferred taxes relative to the income statement approach and whether such incremental value relevance (if any) is attributable to the deferred tax consequences of asset revaluations.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Asset revaluations reflect forthcoming tax payments that, consequently, investors will perceive as real liabilities (Hanlon et al, 2014). Upward asset revaluations reflect their enhanced estimated value (Aboody et al, 1999), recoverable through the asset's use or disposal (Barth and Clinch, 1998;Barth, 2000).…”

Section: Literature Reviewmentioning

confidence: 99%

“…The analysis provides evidence that growth in the deferred tax balances does not defer future tax payments (Laux, 2013). Hanlon, Navissi and Soepriyanto (2014) suggest that the increment to deferred tax balances upon adopting the balance sheet approach has value relevance, with such value relevance driven by the deferred taxes on certain asset revaluations (Hanlon et al, 2014).…”

Section: Literature Reviewmentioning

confidence: 99%

See 2 more Smart Citations

Influence of Rules for Computing Corporate Income Tax on the Accuracy of Financial Statements of Lithuanian Companies

Černius¹,

Birškytė²,

Balkevičius³

2016

SAEB

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Financial accounting for deferred taxes: a systematic review of empirical evidence

Görlitz

Dobler

2021

Manag Rev Q

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Deferred taxes—resulting from differences between financial and tax accounts—have been a long-standing, contentious issue in financial accounting regulation, practice, and research. Debates on concepts and standards have been accompanied by doubts around whether and the extent to which deferred taxes provide relevant information for financial statement users and are employed by firms to manage their earnings. This paper systematically reviews the body of empirical evidence that has emerged over the last three decades on deferred taxes in the fields of value relevance and earnings management. A bibliographic analysis and a narrative synthesis are presented within a thematic categorization framework. Key results indicate that existing research focuses on the US setting. There is substantial evidence for the value relevance of various deferred tax items but limited evidence that firms use deferred taxes to manage their earnings. The findings suggest implications for both future research and the regulatory debate.

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The value relevance of deferred tax attributed to asset revaluations

Cited by 14 publications

References 23 publications

Investigasi atas revaluasi aset, penyajian laporan keuangan, dan kualitas auditor berbasis mandatory IFRS

Investigasi atas revaluasi aset, penyajian laporan keuangan, dan kualitas auditor berbasis mandatory IFRS

Influence of Rules for Computing Corporate Income Tax on the Accuracy of Financial Statements of Lithuanian Companies

Financial accounting for deferred taxes: a systematic review of empirical evidence

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