Leonardo Bittencourt Ronconi - Academia.edu (original) (raw)
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Universidade Federal de Santa Catarina - UFSC (Federal University of Santa Catarina)
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Papers by Leonardo Bittencourt Ronconi
This article analyzes the information content of taxable income in relation to book income in Bra... more This article analyzes the information content of taxable income in relation to book income in Brazil before and after the Transition Tax Regime (RTT), which was established as of calendar year 2010 to neutralize the tax effects of convergence of the country’s accounting standards to IFRS. We define informativeness as the ability to cause changes in stock prices. Our sample is composed of firms listed on the BM&FBovespa between 2005 and 2011. The results indicate greater informativeness of taxable income in relation to book income in the sample as a whole. Despite the advent of the RTT and the process of convergence to international accounting standards, the informative content of taxable income continued being more significant than book income after this advent, although the relative difference fell.
This article analyzes the information content of taxable income in relation to book income in Bra... more This article analyzes the information content of taxable income in relation to book income in Brazil before and after the Transition Tax Regime (RTT), which was established as of calendar year 2010 to neutralize the tax effects of convergence of the country’s accounting standards to IFRS. We define informativeness as the ability to cause changes in stock prices. Our sample is composed of firms listed on the BM&FBovespa between 2005 and 2011. The results indicate greater informativeness of taxable income in relation to book income in the sample as a whole. Despite the advent of the RTT and the process of convergence to
This article analyzes the information content of taxable income in relation to book income in Bra... more This article analyzes the information content of taxable income in relation to book income in Brazil before and after the Transition Tax Regime (RTT), which was established as of calendar year 2010 to neutralize the tax effects of convergence of the country’s accounting standards to IFRS. We define informativeness as the ability to cause changes in stock prices. Our sample is composed of firms listed on the BM&FBovespa between 2005 and 2011. The results indicate greater informativeness of taxable income in relation to book income in the sample as a whole. Despite the advent of the RTT and the process of convergence to international accounting standards, the informative content of taxable income continued being more significant than book income after this advent, although the relative difference fell.
This article analyzes the information content of taxable income in relation to book income in Bra... more This article analyzes the information content of taxable income in relation to book income in Brazil before and after the Transition Tax Regime (RTT), which was established as of calendar year 2010 to neutralize the tax effects of convergence of the country’s accounting standards to IFRS. We define informativeness as the ability to cause changes in stock prices. Our sample is composed of firms listed on the BM&FBovespa between 2005 and 2011. The results indicate greater informativeness of taxable income in relation to book income in the sample as a whole. Despite the advent of the RTT and the process of convergence to